Regulatory Alerts2020-05-06 | Carta Circular 4046Circular Letter No. 4046 - Procedures for Updating and Requesting Release of Liens on Financial Assets and Securities for LTEL-LFG
The Central Bank of Brazil's Department of Financial System Monitoring establishes procedures for financial institutions to update data and request the release of liens on financial assets and securities collateralizing LTEL-LFG operations. Institutions must report significant changes to securities within two business days via the BC Correio application and submit monthly consolidated files for other assets. The release of liens is processed by excluding assets from monthly updates for certain assets or by submitting specific requests via the BC Correio application for others.
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