Circular No. 3882 — Establishes the accounting accounts to be used in the composition of revenue from services and financial products under Article 7 of Law No. 13,506 of November 13, 2017

The Collegiate Board of the Central Bank of Brazil, in a session held on March 7, 2018, based on Article 36 of Law No. 13,506 of November 13, 2017, and Article 7, paragraph 2, of the said Law,

R E S O L V E:

Article 1 The revenue from services and financial products, as referred to in Article 7 of Law No. 13,506 of November 13, 2017, shall be calculated based on the use of the Accounting Plan of the Institutions of the National Financial System (Cosif), by summing the balances corresponding to the following breakdowns of subgroups and accounting titles:

I - 7.1.1.00.00-1 Revenue from Credit Operations;

II - 7.1.2.00.00-4 Revenue from Financial Leasing, minus the balances of the following titles and sub-titles:

a) 7.1.2.60.00-6 Profits on the Disposal of Leased Assets;

b) 8.1.3.10.10-4 Depreciation of Leased Assets;

c) 8.1.3.10.99-1 Other Leasing Expenses;

d) 8.1.3.20.10-1 Depreciation of Leased Assets; and

e) 8.1.3.20.99-8 Other Leasing Expenses;

III - 7.1.3.00.00-7 Foreign Exchange Revenue, minus the balance of the subgroup breakdown 8.1.4.00.00-7 Foreign Exchange Expenses;

IV - 7.1.4.00.00-0 Revenue from Interfinancial Liquidity Applications;

V - 7.1.5.00.00-3 Revenue from Securities and Financial Derivative Instruments, minus the balances of the following accounting titles:

a) 7.1.5.20.00-7 Revenue from Variable Income Securities;

b) 7.1.5.75.00-7 Profits from Fixed Income Securities;

c) 7.1.5.80.00-9 Revenue from Derivative Operations; and

d) 7.1.5.90.00-6 Securities - Positive Adjustment to Market Value;

VI - 7.1.7.00.00-9 Revenue from Service Provision; and

VII - 7.1.9.00.00-5 Other Operating Revenues, minus the balances of the following accounting titles:

a) 7.1.9.15.00-7 Profits from Sale or Transfer Operations of Financial Assets;

b) 7.1.9.18.00-4 Revenue from Anticipation of Payment Transaction Obligations;

c) 7.1.9.20.00-9 Recovery of Credits Written Off as Loss;

d) 7.1.9.30.00-6 Recovery of Charges and Expenses; and

e) 7.1.9.90.00-8 Reversal of Operating Provisions.

Sole Paragraph. When the result ascertained after deducting the balance of the subgroup breakdown referred to at the end of item III is less than zero, the obtained value shall be computed as equal to zero in the calculation of revenue from services and financial products.

Article 2 This Circular enters into force on the date of its publication.

Sidnei Corrêa Marques
Director of Organization of the Financial System and Resolution