Circular No. 3899 — Amends Circular No. 3,862 of December 7, 2017, Establishing Procedures for Calculating the Risk-Weighted Assets (RWAS5) Component for Credit Risk Exposions Under the Simplified Capital Requirement Calculation

The Collegiate Board of the Central Bank of Brazil, in a session held on May 17, 2018, based on the provisions of Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595 of December 31, 1964, and Article 11, sole paragraph, of Resolution No. 4,606 of October 19, 2017,

R E S O L V E S:

Art. 1. Circular No. 3,862 of December 7, 2017, shall enter into force with the following amendments:

“Art. 3. ........................................................

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§ 1. For the calculation of the exposure value, respective provisions and income to be appropriated shall be deducted.

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§ 4. ............................................................

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III - checks, bills, and credit documents (DOCs) to be credited to customer accounts, when the release of respective resources is linked to effective compensation, in accordance with current regulations;

IV - linked active operations, carried out according to the provisions of Resolution No. 2,921 of January 17, 2002; and

V - quotas of Credit Rights Investment Funds (FIDC) associated with sales or transfer operations of underlying assets that remain, in their entirety, registered in the institution's assets.” (NR)

“Art. 9. ........................................................

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III - leasing operations;

IV - advances granted; and

V - guarantees, sureties, co-obligations, or any other modality of personal guarantee for the fulfillment of financial obligations of third parties.” (NR)

“Art. 9-A. The following Risk Factor Percentages (FPRs) shall be applied to exposures related to the application in quotas of the subordinate class of FIDC:

I - 833% (eight hundred and thirty-three percent), when such exposures are held by a singular credit cooperative affiliated with a central cooperative; and

II - 588% (five hundred and eighty-eight percent), in all other cases.” (NR)

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

Otávio Ribeiro Damaso
Regulation Director