CMN Resolution No. 5,262 — Amending CMN Resolution No. 5,242 Regarding Export Financing Lines Under Law No. 9,818/1999

Resolution No. 5,262

RESOLUTION
CMN No. 5,262, OF NOVEMBER 13, 2025

Amends Resolution
CMN No. 5,242, of August 22, 2025, which establishes the conditions, financial charges, deadlines, and other regulatory norms for the financing lines referred to in Article 5-A of Law No. 9,818, of August 23, 1999.

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 an extraordinary session held on November 13, 2025, considering the provisions of Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, and Article 5-A, § 6, of Law No. 9,818, of August 23, 1999, introduced by Provisional Measure No. 1,309, of August 13, 2025,

R E S O L V E S:

Art.

1. Resolution CMN No. 5,242, of August 22, 2025, published in the Official Gazette of the Union on August 25, 2025, shall now be in force with the following changes:

“Art. 1. The financing lines with the purpose of supporting private legal entities exporting goods, as well as their suppliers, especially those impacted by the imposition of additional tariffs on Brazilian exports by countries mentioned in Article 5-A, caput, of Law No. 9,818, of August 23, 1999, introduced by Provisional Measure No. 1,309, of August 13, 2025, with resources from the financial surplus of the Export Guarantee Fund – FGE, in accordance with the provisions of Article 5-A of Law No. 9,818, of August 23, 1999, shall be granted by the National Bank for Economic and Social Development – BNDES or by financial institutions authorized by it, which shall assume the risks of the operations, including credit risk, consisting of financing to:

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

“Art. 2. ...................................................................................................................................

I

• affected by the imposition of additional tariffs imposed by countries mentioned
  in Article 5-A, caput, of Law No. 9,818, of August 23, 1999, introduced by Provisional Measure No. 1,309, of August 13, 2025, according to the product table contained in a joint act of the Minister of State for Finance and the Minister of State for Development, Industry, Trade and Services that makes public the list of these products; and

II

• whose percentage of gross revenue derived from exports referred to in
  item I, calculated over a twelve-month period between July 2024 and June 2025, is equal to or greater than 1% (one percent) of the total revenue calculated in the same period.

Sole Paragraph. .....................................................................................................................

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

II - those that do not fall under the provisions of item I of this paragraph may access financing intended only for the purposes referred to in Article 1, caput, items I and II.” (NR)

“Art. 2-A. According to a joint act of the Minister of State for Finance and the Minister of State for Development, Industry, Trade and Services regarding the prioritization criteria for the recipients of the support measures of the Sovereign Brazil Plan provided for in Provisional Measure No. 1,309, of August 13, 2025, private legal entities shall also have priority access to the financing lines referred to in Article 1:

I - that have, in the period of twelve months between July 2024 and June 2025, supplied goods to a private legal entity exporting goods with gross revenue derived from exports affected by tariffs from the United States of America equal to or greater than 5% (five percent) of the total revenue calculated in the same period; and

II - whose percentage of gross revenue derived from the supply of goods referred to in item I, calculated over the twelve-month period between July 2024 and June 2025, is equal to or greater than 1% (one percent) of the total revenue calculated in the same period.

Sole
Paragraph. The private legal entities referred to in the caput may access financing intended for the purpose referred to in Article 1, caput, item I.” (NR)

“Art. 3. ...................................................................................................................................

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

II -
............................................................................................................................................

a) for the purpose referred to in Article 1, caput, item I, and beneficiaries referred to in Article 2, sole paragraph, item I: 2% p.a. (two percent per annum) when it concerns operations with a beneficiary who has Gross Operational Revenue – ROB of up to R$300,000,000.00 (three hundred million reais);

b) for the purpose referred to in Article 1, caput, item I, and beneficiaries referred to in Article 2, sole paragraph, item I: 4% p.a. (four percent per annum) when it concerns operations with a beneficiary who has ROB greater than R$300,000,000.00 (three hundred million reais);

c) for the purpose referred to in Article 1, caput, item I, and beneficiaries referred to in Article 2, sole paragraph, item II: 4% p.a. (four percent per annum) when it concerns operations with a beneficiary who has ROB of up to R$300,000,000.00 (three hundred million reais);

d) for the purpose referred to in Article 1, caput, item I, and beneficiaries referred to in Article 2, sole paragraph, item II: 6% p.a. (six percent per annum) when it concerns operations with a beneficiary who has ROB greater than R$300,000,000.00 (three hundred million reais);

e) for the purpose referred to in Article 1, caput, item II: 2% p.a. (two percent per annum);

f) for the purposes referred to in Article 1, caput, items III and IV: 1% p.a.
(one percent per annum);

g) for the purpose referred to in Article 1, caput, item I, and beneficiaries of whom referred to in Article 2-A: 4% p.a. (four percent per annum) when it concerns operations with a beneficiary who has ROB of up to R$300,000,000.00 (three hundred million reais); and

h) for the purpose referred to in Article 1, caput, item I, and beneficiaries of whom referred to in Article 2-A: 6% p.a. (six percent per annum) when it concerns operations with a beneficiary who has ROB greater than R$300,000,000.00 (three hundred million reais);

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

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

GABRIEL
MURICCA GALÍPOLO
President of the Central
Bank of Brazil