Normative Instruction BCB No. 238 — Amends the Layout of Document 3040 - Credit Risk Data of the Credit Information System (SCR)

BCB NORMATIVE INSTRUCTION NO. 238, OF MARCH 3, 2022

Amends the Layout of Document 3040 - Credit Risk Data, of the Credit Information System (SCR), governed by Circular No. 3,870, of December 19, 2017, and Circular Letter No. 3,869, of March 19, 2018.

The Head of the Department of Financial System Monitoring (Desig), in the exercise of the authority conferred by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Article 77, item III, of the aforementioned Regulations, having in view the provisions of CMN Resolution No. 4,571, of May 26, 2017, Circular No. 3,870, of December 19, 2017, and Circular Letter No. 3,869, of March 19, 2018,

RESOLVES:

Art. 1. The new versions of the Layout and Filling Instructions for Document 3040 - Credit Risk Data, available on the Central Bank of Brazil’s website at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/scrdoc3040, enter into force as of the April 2022 data base.

Art. 2. The following modifications were made:

I - in the Layout:

a) in Annex 5: Reference Rate or Indexer - Idx, in domain 2 - Post-fixed: inclusion of subdomain 5, with the description “SOFR”;

II - in the Filling Instructions:

a) in letter D - Operation Information, item 1. Basic Operation Information - (tag <Op>), letter “g” - “reference rate or indexer”, indexer table, in the Post-fixed Type: inclusion of code 25, with the description “SOFR”.

Art. 3. This Normative Instruction enters into force on April 1, 2022.

Gilneu Francisco Astolfi Vivan

NOTE

The Credit Information System (SCR) is a system for recording client credits whose direct risk to the financial institution (sum of credit operations, interbank transfers, co-obligations, limits, and credits to be disbursed) is equal to or greater than R$ 200.00 (two hundred reais). This system is managed by the Central Bank and fed monthly by financial institutions, being continuously updated to fulfill the functions provided for in Article 2 of CMN Resolution No. 4,571, of 2017, and in accordance with Circular No. 3,870, of 2017. This BCB Normative Instruction (IN BCB) aims to make adjustments to the layout and filling instructions of Document 3040 - Credit Risk Data with the inclusion of the SOFR indexer (Secured Overnight Financing Rate).

2. Decree No. 10,411, of 2020, regulated the carrying out of a regulatory impact analysis (RIA) as a prerequisite for the issuance of normative acts. However, in its Article 4, the aforementioned decree establishes the hypotheses for exemption from carrying out an RIA. This BCB IN only includes a subdomain of information in an already existing annex, given the market practice of using the new benchmark for indexing contracts, within the context of the discontinuation of Libor. Thus, as the capture of information will be carried out maintaining the format and in the same technological structure, I understand that this BCB IN falls under the hypotheses provided for in items II and III of Article 4 of the aforementioned decree, which justifies the exemption from carrying out an RIA.

Gilneu Francisco Astolfi Vivan
Head of the
Department of Financial System Monitoring (Desig)