Normative Instruction BCB No. 173 of October 13, 2021

Circular Letter Credit

NORMATIVE INSTRUCTION BCB NO. 173, OF OCTOBER 13, 2021

Amends the text of Circular Letters Nos. 3,850, 3,852, and 3,853, both of December 19, 2017, which detail accounting items to be used in the calculation of the Simplified Reference Equity (PRS5) and to be used in the calculation of risk-weighted asset portions in the simplified form (RWAS5) regarding exposure to gold, foreign currency, and assets subject to exchange rate variation through the simplified standardized approach (RWACAMSimp) and exposures to credit risk subject to the calculation of the minimum capital requirement through the simplified standardized approach (RWARCSimp), respectively.

The Head of the Prudential and Exchange Regulation Department (Dereg), using the powers conferred upon him by Art. 23, item I, letter “a”; and Art. 118, item I, letter “a” of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, and having regard to the provisions of Art. 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017, and Circular Letters Nos. 3,862 and 3,861, of December 7, 2017,

RESOLVES:

Art. 1. Art. 1 of Circular Letter No. 3,850, of December 19, 2017, shall enter into force with the following wording:

“Art. 1. ............................................................................................................

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XVII - ................................................................................................................

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b) .....................................................................................................................

1. of the sum of accounts 3.0.9.84.29-9 - Tax Credit of Temporary Difference - Passive Provisions - Others, 3.0.9.84.30-0 - Tax Credits of Temporary Difference - Market Valuation, 3.0.9.84.40-2 - Tax Credits of Temporary Difference – Others;

2. for institutions that did not adhere to the Credit Stimulation Program - PEC, established by Provisional Measure No. 1,057, of July 6, 2021, of the deduction of the minimum between the value of account 1.8.8.25.30-1 - Tax Credits - MP 992 and the sum of accounts 3.0.9.50.15-1 – CGPE - Company with Gross Revenue up to R$100 Million, 3.0.9.50.25-4 - CGPE - Company with Gross Revenue between R$100 Million and R$300 Million, and 3.0.9.50.35-7 - CGPE - Eligible Programs; and

3. for institutions that adhered to the PEC, of the deduction of the minimum between the value of account 1.8.8.25.50-7 Tax Credits and the value of account 3.0.9.50.45-0 Credit Stimulation Program - PEC;

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(NR)

Art. 2. Art. 1 of Circular Letter No. 3,852, of December 19, 2017, shall enter into force with the following wording:

“Art. 1. ............................................................................................................

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II - foreign currency holdings, which correspond to the values of account 1.1.5.00.00-1 - Foreign Currency Holdings, minus the values of account 4.5.1.85.00-7 - FOREIGN CURRENCY PAYMENT ORDERS;

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(NR)

Art. 3. Art. 1 of Circular Letter No. 3,853, of December 19, 2017, shall enter into force with the following wording:

“Art. 1. ............................................................................................................

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

XXIII - values of subordinate class shares of Credit Rights Investment Funds, which correspond to the values of account 1.3.1.15.60-7 - Shares of Credit Rights Funds;

XXIV - operations for which there is no specific Risk Weighting Factor (RWF) established, which correspond to the sum of the values of the other Current and Long-Term Realizable Asset accounts and Permanent Asset accounts listed in Cosif regarding operations consistent with the simplified risk profile requirements of Arts. 4 and 5 of Resolution No. 4,606, of October 19, 2017, and not deducted from the Simplified Reference Equity (PRS5), mentioned in Circular Letter No. 3,850, of December 19, 2017;

XXV - credit operations carried out within the National Program of Support to Micro and Small Enterprises (Pronampe), governed by Law No. 13,999, of May 18, 2020, and amended by Law No. 14,161, of June 2, 2021, contracted until December 31, 2020, which correspond to the values recorded in account 3.0.9.83.10-4 - National Program of Support to Micro and Small Enterprises (Pronampe I), minus the values of account 3.0.9.83.19-7 - Provision for losses - Pronampe I;

XXVI - credit operations carried out within the Emergency Access to Credit Program in guarantee modality (Peac - FGI), governed by Law No. 14,042, of August 19, 2020, which correspond to the values recorded in account 3.0.9.83.30-0 - Emergency Access to Credit Program (Peac - FGI), minus the values of account 3.0.9.83.39-3 - Provision for losses - Peac - FGI;

XXVII - credit operations carried out within the Emergency Employment Support Program, governed by Law No. 14,043, of August 19, 2020, which correspond to the values recorded in account 3.0.9.83.40-3 - Emergency Employment Support Program (Pese), minus the values of account 3.0.9.83.49-6 - Provision for losses - Pese; and

XXVIII - credit operations carried out within the National Program of Support to Micro and Small Enterprises (Pronampe), governed by Law No. 13,999, of 2020, and amended by Law No. 14,161, of 2021, contracted from January 1, 2021, which correspond to the values recorded in account 3.0.9.83.50-6 - National Program of Support to Micro and Small Enterprises (Pronampe II), minus the values of account 3.0.9.83.59-9 - Provision for losses - Pronampe II.

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

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I - regarding interdependent operations, the values of account 1.5.0.00.00-2 - Interdependent Relations;

II - regarding checks, bills, and credit documents (DOCs) to be credited to customer accounts, when the release of the respective resources is linked to effective compensation, in accordance with current regulations, the sum of the values of the accounts:

a) 1.4.1.10.00-3 - Checks and Other Papers to Be Returned;

b) 1.4.1.20.00-0 - Checks and Other Papers to Be Remitted;

c) 1.4.1.30.00-7 - Checks and Other Papers Remitted; and

d) 1.4.1.40.00-4 - Receipts of Documents Sent by Other System Participants; and

III - the portion of credit operations carried out within the Emergency Access to Credit Program in the receivables guarantee modality (Peac-Maquininhas), established by Law No. 14,042, of 2020, which corresponds to the values recorded in account 3.0.9.83.20-7 - Emergency Access to Credit Program (Peac - Maquininhas), minus the values of account 3.0.9.83.29-0 - Provision for losses - Peac - Maquininhas.” (NR)

Art. 4. This Normative Instruction enters into force on November 1, 2021.

Ricardo Franco Moura