RegAlertRule · BCB · 24 Jun 2021 · Resolução CMN 4928
CMN Resolution No. 4928 — Adjusts Weighting Factors for Pronaf Operating Credit Operations
This resolution amends the Rural Credit Manual (MCR) to establish new weighting factors for calculating the Pronaf sub-requirement, effective July 1, 2021. For operating credit financed under Pronaf contracted from that date, a weighting factor of 1.4 applies to items 1, 2, and 3 of MCR 10-4 if the effective fixed interest rate is up to 3% per annum, while a factor of 1.16 applies to item 4 if the rate is up to 4.5% per annum.
The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.
CMN RESOLUTION NO. 4,928, OF JUNE 24, 2021
Adjusts the weighting factors applicable to operating credit operations supported by the National Program for Strengthening Family Agriculture (Pronaf) backed by cash resources, as provided for in Section 2 (Mandatory) of Chapter 6 (Resources) of the Rural Credit Manual (MCR).
The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595, of December 31, 1964, makes it known that the National Monetary Council, in a session held on June 24, 2021, considering the provisions of Article 4, item VI, of the aforementioned Law, and Articles 4, 14, and 21 of Law No. 4,829, of November 5, 1965,
R E S O L V E
Art. 1. Section 2 (Mandatory) of Chapter 6 (Resources) of the Rural Credit Manual (MCR) shall enter into force with the following alterations:
“12 - For the purpose of compliance with the Pronaf Sub-requirement, the value corresponding to the daily average balance of operating credit operations supported by Pronaf, contracted from July 1, 2021, must be computed by multiplying them by the following weighting factors:
a) 1.4 (one and four tenths) for financing intended for the purposes set forth in MCR 7-6, Table 1 “Financial Charges for Financing under the National Program for Strengthening Family Agriculture (Pronaf)”, Sub-table “Operating Credit (MCR 10-4)”, items 1, 2, and 3, provided they are contracted with a fixed effective interest rate of up to 3% per annum; and
b) 1.16 (one and sixteen hundredths) for financing intended for the purposes set forth in MCR 7-6, Table 1 “Financial Charges for Financing under the National Program for Strengthening Family Agriculture (Pronaf)”, Sub-table “Operating Credit (MCR 10-4)”, item 4, provided they are contracted with a fixed effective interest rate of up to 4.5% per annum.” (NR)
Art. 2. This Resolution enters into force on July 1, 2021.
Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil
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“...and Articles 4, 14, and 21 of Law No. 4,829, of November 5, 1965,”
“The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595, of December 31, 1964, makes it known that the National Monetary Council...”
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