CMN Resolution No. 4181 Defines Financial Charges and Default Compliance Bonus for Operations Using Resources of the Constitutional Financing Funds

The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on January 4, 2013, based on Article 4, item VI, of Law No. 4,595 of 1964, and Article 1 of Law No. 10,177 of January 12, 2001,

R E S O L V E D:

Article 1. The financial charges for operations carried out with resources from the Constitutional Financing Funds referred to in Article 1 of Law No. 10,177 of January 12, 2001, contracted during the period from January 1, 2013, to June 30, 2013, shall be as follows:

I - in rural operations for investment purposes, including associated working capital or operating costs: effective annual interest rate of 3.53% (three and fifty-three hundredths percent per year);

II - in operations with other sectors for investment purposes, including associated working capital or operating costs: effective annual interest rate of 3.53% (three and fifty-three hundredths percent per year).

Article 2. The financial charges for operations carried out with resources from the Constitutional Financing Funds referred to in Article 1 of Law No. 10,177 of January 12, 2001, contracted during the period from July 1, 2013, to December 31, 2013, shall be as follows:

I - in rural operations for investment purposes, including associated working capital or operating costs: effective annual interest rate of 4.12% (four and twelve hundredths percent per year);

II - in operations with other sectors for investment purposes, including associated working capital or operating costs: effective annual interest rate of 4.12% (four and twelve hundredths percent per year).

Article 3. Regarding the financial charges referred to in Articles 1 and 2 of this Resolution, a default compliance bonus of 15% (fifteen percent) shall be granted, provided that the debt installment is paid by the respective due date.

Sole Paragraph. In the event of misapplication of resources, the borrower shall lose, without prejudice to applicable judicial measures, including those of an executive nature, all and any benefits, especially those related to the default compliance bonus.

Article 4. The financial charges and default compliance bonus established in this Resolution do not apply to beneficiaries of the credit lines referred to in Article 8-A of Law No. 10,177 of 2001, and Article 5 of Law No. 12,716 of September 21, 2012, nor to family farmers classified under the National Program for Strengthening Family Agriculture (Pronaf), as defined in the legislation and regulations of that Program.

Article 5. This Resolution enters into force on the date of its publication.

                 Sidnei Corrêa Marques  
   Acting President of the Central Bank of Brazil