RegAlert1999-12-21 | Resolução CMN 2682Added
CMN Resolution No. 2682 — Criteria for Classifying Credit Operations and Rules for Establishing Provisions for Doubtful Collection Credits
Resolution No. 2682 establishes nine credit risk levels (AA through H) for financial institutions and mandates specific provision percentages ranging from 0.5% for level A to 100% for level H. It requires monthly reviews of credit classifications based on payment delays, with automatic downgrades to higher risk levels for overdue amounts, and sets strict rules for renegotiated debts, including the prohibition of recognizing income on credits overdue by 60 days or more. The regulation applies to all authorized financial institutions and specific credit-like operations, taking effect on March 1, 2000, while repealing several prior resolutions and circulars.
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RESOLUTION NO. 2682
Dispenses with criteria for the classification of credit operations and rules for the establishment of provisions for doubtful collection credits.
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 December 21, 1999, based on Article 4, items XI and XII, of the aforementioned Law,
RESOLVES:
Article 1. It is determined that financial institutions and other institutions authorized to operate by the Central Bank of Brazil must classify credit operations, in increasing order of risk, at the following levels:
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Lineage: Superseded
Timeline
Amended 2 times · last 2021-11-25
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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BCB published 15 documents in the last 30 days. We email you each new one the day it's published.