CMN Resolution No. 5179 — Adjusts rules on rural credit operations linked to interfinancial transfers for cooperative banks, credit confederations, central credit cooperatives, development banks, and BNDES

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,179, OF SEPTEMBER 26, 2024

Adjusts rules applicable to the use of rural credit operations linked to interfinancial transfers for the purpose of fulfilling rural credit obligations by cooperative banks, credit confederations, central credit cooperatives that are part of credit cooperative systems, development banks, and the National Bank for Economic and Social Development – BNDES.

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 September 26, 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 S:

Art. 1. Section 1 (General Provisions) of Chapter 6 (Resources) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“14 - Cooperative banks, credit confederations, central credit cooperatives that are part of credit cooperative systems, development banks, and the National Bank for Economic and Social Development (BNDES) may use rural credit operations linked to interfinancial transfers carried out by a financial institution affiliated or accredited, as the case may be, for the purpose of fulfilling obligations and sub-obligations, including their weights, observing the following conditions:

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b) the interfinancial transfer instrument and the rural credit instrument linked to it must observe identical maturity dates and indicate their mutual linkage;

c) the rural credit operation must be registered in Sicor within a maximum period of 1 (one) business day after receipt of the resources originating from the interfinancial transfer; and

d) the financial institution receiving the resources from the interfinancial transfer must provide all information regarding the rural credit operation to the financial institution transferring the resources and perform the necessary registrations for the identification of compliance with obligations and sub-obligations in Sicor.” (NR)

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

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