Instruction (Historical) No. 5/2021

Instruction No. 5/2021 BO No. 3/2021 Supplement • 2021/03/30 .................................................................................................................................................................................................. Topics Markets :: Money Markets Mod. 99999940/T – 01/14 Index Text of the Instruction Text of the Instruction Subject: Implementation of monetary policy – Additional temporary measures Bank of Portugal has altered the information reporting procedures necessary for the mobilization of individual credit rights as collateral assets for Eurosystem credit operations, now using for this purpose the information communicated to the Credit Liability Central (CRC), together with the information communicated to the Bank Loans Treatment (TEB) system. Thus, in the exercise of the competence attributed to it by Articles 12, 15, 16, and 24 of its Organic Law, approved by Law No. 5/98 of January 31, in its current version, Bank of Portugal determines the following: Instruction No. 7/2012 (BO No. 3, of 15-03-2012) is amended as follows:

1. In Article 22, paragraph 11 is amended and shall read as follows:
2. Article 14, letter a) and a) i. of this Instruction does not apply to the securitized debt instruments referred to in this paragraph.
3. Annex IV is amended as follows: 2.1. Number I is amended, now reading as follows: Regarding additional individual credit rights, the same procedures for the use of credit rights established in Annex XIV of Instruction No. 3/2015 and in the Manual of Information Communication within the TEB (Bank Loans Treatment) System apply. With regard to reporting to the CRC, the provisions of the respective Operational Technical Support Guide (GATO) shall apply. In the context of the response to the pandemic, bank loans benefiting from a guarantee issued under the credit lines approved by the Portuguese Government in the context of COVID-19 are now accepted. Since these guarantees do not meet all eligibility requirements of Instruction No. 3/2015, the reporting of these bank loans must be carried out according to the specific procedures established for this purpose for the communication

Instruction No. 5/2021 BO No. 3/2021 Supplement • 2021/03/30 Topics Markets :: Money Markets .................................................................................................................................................................................................. Mod. 99999940/T – 01/14 of individual bank loans, as per the Manual of Information Communication within the TEB System. 2.2. In number 2.1.3, the following numbers are amended, which shall now read as follows: 2.1.3.9.2 Sample situations where the BL accrues interest at a variable interest rate with a new interest rate fixation period greater than one year and the BL was not communicated to the BdP with this characteristic: IEB Observations PTEB... ... 2.1.3.9.3 Sample situations where the BL accrues interest at a variable interest rate with a maximum limit (cap), and the BL was not communicated to the BdP with this characteristic: IEB Observations PTEB... ... 2.1.3.9.4 Sample situations where there was more than one type of interest rate until the maturity date of the BL, and the BL was not communicated to the BdP with this characteristic: IEB Observations PTEB... ... 3. This Instruction enters into force on April 12, 2021. 4. This Instruction is republished in its entirety, being available at https://www.bportugal.pt/instrucao/72012