RegAlert2023-06-29 | Resolução CMN 5087Added · Updated
CMN Resolution No. 5,087 Revokes MCR 6-2-4, Alters Mandatory Resource and Rural Savings Allocation Percentages, and Establishes Additional Agricultural Credit Requirements
CMN Resolution No. 5,087 amends the Rural Credit Manual (MCR) by reducing the mandatory resource allocation requirement to 30% (effective July 1, 2024) and setting the rural savings allocation at 65%. It introduces an additional 1.5% agricultural credit application requirement for sight resources for the period from July 3, 2023, to June 30, 2024, with a R$10 million exemption threshold. The resolution also updates Pronaf and Pronamp sub-allocation rules, adjusts Pronaf weighting factors, permits LCA resources to be used for operations with federal economic subsidies, and extends financing facilities for the RenovAgro and PCA programs for the 2023/2024 agricultural year.
BCB published 16 documents in the last 30 days — get each new one by email the day it lands.
The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.
CMN RESOLUTION NO. 5,087, OF JUNE 29, 2023
Revokes the provisions of MCR 6-2-4, alters the current mandatory resource and rural savings allocation percentages, applicable from July 3, 2023, establishes additional agricultural credit application requirements for sight resources for the compliance period from July 3, 2023, to June 30, 2024, alters the sub-allocations of Mandatory Resources destined for operations under the National Program to Strengthen Family Agriculture (Pronaf) and the National Program to Support Medium Rural Producers (Pronamp), adjusts the weighting factors applicable to Pronaf-supported operating credit operations, alters the allocation percentage of Agribusiness Credit Letters (LCA) and its compliance method, allows the application of resources raised through LCA issuance (MCR 6-7) in operations subject to federal economic subsidy, in the form of financial charge equalization, and extends, for the 2023/2024 agricultural year, the option for financial institutions to carry out financing under the ABC Program, now renamed RenovAgro, and under the Warehouse Construction and Expansion Program (PCA).
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
More like this from BCB
BCB published 16 documents in the last 30 days. We email you each new one the day it's published.