CMN Resolution No. 5,160 — Regulation of the Application of Resources Raised by Issuance of Agricultural Credit Letter (LCA) in Operations Subject to Federal Economic Subsidy

RESOLUTION NO.

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,160,
OF JULY 24, 2024

Regulates the application of resources raised by the issuance of Agricultural Credit Letter – LCA (MCR 6-7) in operations subject to the Union's economic subsidy, in the form of financial charge equalization.

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 July 23, 2024, considering the provisions of Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, and Articles 4, 14, and 21 of Law No. 4,829, of November 5, 1965,

R E S O L V E D:

Article 1. Section 7 (Agricultural Credit Letter – LCA) of Chapter 6 (Resources) of the Rural Credit Manual – MCR shall be in effect with the following alterations:

“7-A - When intended for the contracting of rural credit operations, the resources calculated in the manner of item 2 may be applied in operations contracted at:

a) freely negotiated rates, in which case the conditions established in MCR 6-3 must be observed; or

b) controlled rates, provided that the operation has an economic subsidy from the Union, in the form of financial charge equalization, and observes the conditions established for operations contracted with controlled resources.” (NR)

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

ROBERTO
DE OLIVEIRA CAMPOS NETO
President of the Central Bank of Brazil