CMN Resolution No. 4238 — Amends Resolution No. 4,170 of December 20, 2012, Establishing Conditions for Financing with Economic Subsidy

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on June 28, 2013, based on Article 4, item VI, of Law No. 4,595 of 1964, and Article 1 of Law No. 12,096 of November 24, 2009,

R E S O L V E S:

Art. 1. Article 1 of Resolution No. 4,170 of December 20, 2012, shall be enforced with the following wording:

“Art. 1. .......................................................

.................................................................

I - .............................................................

.................................................................

c) resource limit: up to R$87,300,000,000.00 (eighty-seven billion and three hundred million reais);

.................................................................

VII - ...........................................................

.................................................................

b) financeable items: production, financial leasing, or acquisition of agricultural capital goods and the associated working capital; and acquisition of trucks, provided that the beneficiary is an individual, as described in item “a” of this section;

.................................................................

d) ..............................................................

.................................................................

1. 2.5% (two and five-tenths percent) per annum in the acquisition, financial leasing, or production of agricultural capital goods and the associated working capital, for operations contracted from November 1, 2012, to December 31, 2012;

2. 3.0% (three percent) per annum in the acquisition, financial leasing, or production of agricultural capital goods and the associated working capital, for operations contracted from January 1, 2013, to June 30, 2013;

3. 3.5% (three and five-tenths percent) per annum in the acquisition, financial leasing, or production of agricultural capital goods and the associated working capital, for operations contracted from July 1, 2013, to December 31, 2013;

4. 4% (four percent) per annum in the acquisition of trucks, for operations contracted from July 1, 2013, to December 31, 2013;

.................................................................

XIX - “Cerealists” Subprogram:

a) beneficiaries: cereal companies, headquartered and administered in Brazil, that cumulatively carry out the activities of drying, cleaning, standardizing, storing, and marketing in natura products of vegetable origin;

b) financeable items: fixed and semi-fixed investments, jointly or separately, related to grain storage;

c) resource limit: up to R$1,000,000,000.00 (one billion reais);

d) interest rate to the final beneficiary: 3.5% (three and five-tenths percent) per annum, in operations contracted from July 1, 2013, to December 31, 2013;

e) repayment term: up to 180 (one hundred and eighty) months, including a grace period of up to 36 (thirty-six) months for the principal;

.................................................................” (NR)

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

Alexandre Antonio Tombini
President of the Central Bank of Brazil