Circular No. 4025 — Amends Circular No. 3,691 of December 16, 2013, Regarding the Disclosure of the Libor Rate by the Central Bank of Brazil

The Collegiate Board of the Central Bank of Brazil, in a session held on June 10, 2020, based on Article 23 of Law No. 4,131 of September 3, 1962, Articles 9, 10, item VII, and 11, item III, of Law No. 4,595 of December 31, 1964, and Article 38 of Resolution No. 3,568 of May 29, 2008,

R E S O L V E:

Art. 1º Circular No. 3,691 of December 16, 2013, shall be amended as follows:

“Art. 84. .....................................................

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VI - J = one-month Libor rate for the operation's currency, with a quotation date of the day of the foreign exchange contracting, minus 1/4 (one quarter) of 1% (one percent);

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Art. 2º This Circular enters into force on July 1, 2020.

Otávio Ribeiro Damaso Bruno Serra Fernandes
Director of Regulation Director of Monetary Policy