RegAlert2020-09-24 | Resolução CMN 4853Added
CMN Resolution No. 4853 of September 24, 2020, amending Resolution No. 4,734 of June 27, 2019
CMN Resolution No. 4853 amends Resolution No. 4,734/2019 by redefining payment arrangement receivable discount operations as definitive assignments with or without co-obligation, and requiring financial or payment institutions to specify the entity responsible for settlement and guaranteeing post-contractual advance possibilities. It mandates that settlement institutions be direct or indirect participants in Central Bank-authorized clearing and settlement systems, and establishes specific timeframes for maintaining excess receivable values as collateral: up to one business day for direct requests and up to two business days for indirect requests. These amendments entered into force on October 1, 2020.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
CMN RESOLUTION NO. 4,853, OF SEPTEMBER 24, 2020
Amends
Resolution No. 4,734, of June 27, 2019, which establishes conditions and procedures for carrying out receivable discount operations of payment arrangements integrated into the Brazilian Payments System based on post-paid accounts and on-demand deposits and credit operations guaranteed by these receivables, by financial institutions.
The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes it public that the Monetary National Council, in a session held on September 24, 2020, based on the provisions of Art. 4, items VI and VIII, of the aforementioned Law, and 26-A of Law No. 12,810, of May 15, 2013,
Read the rest free, and get an email when BCB publishes again
Lineage: In force
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