RegAlertRule · BCB · 20 Feb 1986 · Resolução CMN 1092
CMN Resolution No. 1092 - Credit, Financing and Investment Companies - Direction of Resources from Their Exchange Acceptances
Credit, financing, and investment companies must direct at least 60% of resources from exchange acceptances to financing goods and services for individuals or legal entities, and up to 40% to working capital for legal entities with a minimum three-month term. These firms must not allow a single client’s direct liability to exceed 5% of total applications, nor let balances with a single commercial selling company or service provider exceed 25% of total applications. Real or personal guarantees are permitted for working capital operations. This Resolution enters into force on the date of its publication, revoking several prior resolutions including No. 45 of 1966 and No. 103 of 1968.
RESOLUTION NO. 001092
THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, in a session held on this date, having regard to the provisions of Article 4, items VI and X, of the aforementioned Law and Articles 2, item V, and 14 of Law No. 4,728 of July 14, 1965,
RESOLVES:
I - To establish that credit, financing, and investment companies must direct the resources derived from their exchange acceptances to the following operations:
a) at least 60% (sixty percent) for the financing of goods and services for individuals or legal entities;
b) up to 40% (forty percent) for the financing of working capital for legal entities, with a minimum term of 3 (three) months, with operations under the form of revolving credit admitted.
II - To allow, in the operations referred to in item "b" of the previous item, the constitution of real and/or personal guarantees, observing the regulatory provisions regarding the safeguarding of credit liquidity.
III - Credit, financing, and investment companies, in their financing operations, must observe the following diversification limits for their applications:
a) the direct liability of the same client for its credit and financing operations may not exceed 5% (five percent) of the total applications of the institution;
b) the balances of credit opening contracts with a single commercial selling company or service provider, in operations where it figures as an intervenor in the granting of credit and drawer of exchange bills, may not exceed 25% (twenty-five percent) of the total applications of the institution, observed, for the final borrower, the limit set forth in the previous item.
IV - The Central Bank of Brazil may issue the provisions it deems necessary for the execution of the provisions of this Resolution.
V - This Resolution enters into force on the date of its publication, with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10, 1974, 290 of June 24, 1974, 763 of September 14, 1982, 867 of December 20, 1983, and item I of Resolution No. 943 of August 21, 1984, being revoked.
Brasília-DF, February 20, 1986
Fernão Carlos Botelho Bracher
President
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- Permission 1
- Definition / condition 3
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The links and the sentences they come from (12)
- Supersedes
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 197 dated 1971-11-30Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 274 dated 1974-01-10Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 290 dated 1974-06-24Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 763 dated 1982-09-14Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 867 dated 1983-12-20Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Amends
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Resolution No. 943 dated 1984-08-21Not in RegAlert
“with Resolution No. 45 of December 30, 1966, item XI, items I, II, and III of Resolution No. 103 of December 10, 1968, items I and II of Resolution No. 163 of November 24, 1970, Resolutions Nos. 197 of November 30, 1971, 274 of January 10,…”
- Issued under
“having regard to the provisions of Article 4, items VI and X, of the aforementioned Law and Articles 2, item V, and 14 of Law No. 4,728 of July 14, 1965”
“in accordance with Article 9 of Law No. 4,595 of December 31, 1964”
- Basis for
“The aforementioned operations fall under item I, letter "a" of Resolution No. 1,092 of February 20, 1986.”
Mentions (1): 1 document mentions this one without changing it
- Referred to by
“VI - Resolution No. 1,092, of February 20, 1986”
Timeline
This document amends: Resolution CMN No. 163 — Raises the Limit for Consumer Financing Operations, Resolution CMN No. 103 — Amends Operational Limits for Credit, Financing, and Mixed-Type Companies Regarding Consumer Credit Application and Conditions for Accepting Bills in Service Provision Operations
This document supersedes: CMN Resolution No. 45 — Regulation of Acceptance of Bills of Exchange, Including Direct Consumer Credit
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