Circular No. 2977 — Establishes Procedures for Monthly Submission of Client Information within the Central Credit Risk System

CIRCULAR NO. 002977

Estabelece procedimentos para a remessa mensal de informações relativas a clientes, no âmbito do sistema Central de Risco de Crédito.

The Collegiate Board of the Central Bank of Brazil, in a session held on April 6, 2000, considering the provisions of Resolutions No. 2,390 of May 22, 1997, and No. 2,682 of December 21, 1999,

DECIDED:

Article 1. The institutions cited in Article 1 of Resolution No. 2,390 of May 22, 1997, with a view to implementing the provisions of that regulation, must list the values of operations for their clients, both natural and legal persons, whose amount on the base date is equal to or greater than R$20,000.00 (twenty thousand reais), and the values of operations for their responsibility, including the guarantees for which these clients are beneficiaries.

Paragraph 1. Regarding other clients whose amount of respective operations on the base date is less than R$20,000.00 (twenty thousand reais), for whom identification is waived, the consolidated global value of the operations must be reported, segregating the responsibilities of natural and legal persons.

Paragraph 2. The information must include:

I - the identification of the client;

II - the amount of debts due, overdue, and written off as losses, for the client's responsibility;

III - the value of co-obligations assumed and guarantees provided to the client;

IV - the risk level.

Paragraph 3. The risk level referred to in item IV of the preceding paragraph must correspond to one of the levels provided for in Article 1 of Resolution No. 2,682 of December 21, 1999, including for operations where client identification is waived, respecting the following coding:

Code Description

1 operations classified as risk level AA
2 operations classified as risk level A
3 operations classified as risk level B
4 operations classified as risk level C
5 operations classified as risk level D
6 operations classified as risk level E
7 operations classified as risk level F
8 operations classified as risk level G
9 operations classified as risk level H and credits written off as losses.

Paragraph 4. In the event that the same client presents operations classified in different risk levels, the information referred to in Paragraph 2 of this Article must be segregated by risk level.

Article 2. The reporting of the information referred to in the previous Article must be carried out in accordance with the instructions to be jointly published by the Department of Standards of the Financial System (DENOR) and the Department of Supervision (DEFIS), observing the following coding of the Document Catalog (CADOC):

SEGMENT CADOC CODE

Development or Promotion Agencies 05.1.3.003-0 Savings and Loan Associations 12.1.3.252-6 Commercial Banks 20.1.3.188-7 Development Banks 22.1.3.159-3 Investment Banks 24.1.3.472-5 Multiple Banks 26.1.3.256-7 BNDES 28.0.3.065-0 Federal Savings Bank 38.0.3.254-5 Mortgage Companies 39.1.3.030-5 Leasing Companies 77.1.3.161-0 Credit, Financing and Investment Companies 81.1.3.162-0 Real Estate Credit Companies 83.1.3.251-7.

Article 3. The information referred to in this Circular must be provided monthly to the Central Bank of Brazil by the 20th of the month following the base date to which they refer, allowing for base dates of April 30 and May 31, 2000, submission by June 9 and July 10, 2000, respectively.

Article 4. The institution must inform the Central Bank of Brazil/Department of Registration and Information of the Financial System (DECAD) and keep permanently updated the name, the Individual Taxpayer Registry (CPF), and the phone number of the director responsible for providing the information.

Article 5. Failure to comply with the provisions of this Circular will subject the infringing institution to the payment of a fine, in accordance with Resolution No. 2,194 of August 31, 1995.

Article 6. This Circular enters into force on the date of its publication.

Article 7. Circulas No. 2,768 of July 16, 1997, and No. 2,938 of October 14, 1999, are hereby revoked.

Brasília, April 6, 2000

Sérgio Darcy da Silva Alves Tereza Cristina Grossi Togni Director Director