Regulatory Alerts2021-03-30
Added · Updated
Instruction No. 5/2021
The Bank of Portugal amends Instruction No. 7/2012 to update reporting procedures for mobilizing individual credit rights as collateral for Eurosystem credit operations, requiring the use of data from the Credit Responsibility Central (CRC) alongside the Bank Loan Treatment (TEB) system. The amendment modifies Article 22 and Annex IV to specify that loans benefiting from government-guaranteed lines under the COVID-19 response are accepted as collateral, with reporting governed by specific TEB procedures and the CRC's Operational Technical Support Guide (GATO). The instruction establishes new reporting codes for variable-rate loans with specific maturity and communication characteristics and enters into force on April 12, 2021.