Resolution No. 222

NORMATIVE INSTRUCTION

BCB No. 627, OF MAY 29, 2025

Amends the Layout, the Filling Instructions, and the Complementary Instructions regarding information on credit operations aimed at government programs related to document 3040 - Credit Risk Data, of the Credit Information System (SCR), as addressed in 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 upon him by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 85, item I of the aforementioned Regulations, having in view the provisions of CMN Resolution No. 5,037, of September 29, 2022, Circular No. 3,870, of December 19, 2017, and Circular Letter No. 3,869, of March 19, 2018,

R E S O L V E :

Art. 1º The new versions of the Layout, the Filling Instructions, and the Complementary Instructions regarding information on credit operations aimed at government programs of 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, shall enter into force as of the July 2025 data base.

Art. 2º The following modifications were made to the layout of document 3040:

I - Annex 8: Special Characteristic - CaracEspecial: inclusion of the domains:

a) 40, with the description “Acquired Precatórios”;

b) 41, with the description “Acquired Credit Rights in Execution Process”;

c) 42, with the description “Syndicated Operation”;

II - Annex 26: Additional Info:

a) in domain 14: Legal and Regulatory Linkage, subdomain 08: Other Regulatory Use: inclusion in the tag <Valor> of the information “Auction Number”;

III - Annex 37: Type of Regulatory Use: inclusion of the domain:

a) 11, with the description “Operations contracted within the scope of the EcoInvest Program (CMN Resolution No. 5,130/2024)”.

Art. 3º The following modifications were made to the filling instructions:

I - in chapter D - Operation Information, item 1 - Basic Operation Information, item XVIII - Special Characteristic:

a) in the table, inclusion of the domains:

1. 40, with the description “Acquired Precatórios”;

2. 41, with the description “Acquired Credit Rights in Execution Process”; and

3. 42, with the description “Syndicated Operation”;

b) inclusion of the items:

1. xxix - Acquired Precatórios;

2. xxx - Acquired Credit Rights in Execution Process; and

3. xxxi - Syndicated Operation.

Art. 4º The following modifications were made to the Complementary Instructions regarding information on credit operations aimed at government programs:

I - inclusion of item 17. Operations contracted within the scope of the EcoInvest Program (CMN Resolution No. 5,130/2024)

Art. 5º This Normative Instruction enters into force on July 1, 2025.

ANDRÉ
MAURÍCIO TRINDADE DA ROCHA

NOTE

The Credit Information System – SCR is a system whose objective is to collect information on credit operations of financial institutions’ clients (sum of credit operations, interbank transfers, co-obligations, limits, and credits to be disbursed). The SCR is managed by the Central Bank and fed monthly by financial institutions, being continuously updated in order to fulfill the functions provided for in art. 2º of CMN Resolution No. 5,037, of September 29, 2022, and in accordance with Circular No. 3,870, of 2017.

2. To improve the monitoring of operations sent to the SCR, information is being included in document 3040 that allows identifying:

I - financing granted within the scope of the Eco Invest Brasil Program;

II - acquired precatórios;

III - acquired credit rights in execution process; and

IV - syndicated loans.

3. Law No. 14,995, of October 10, 2024, instituted the Program for Mobilization of External Private Capital and Exchange Rate Protection – Eco Invest Brasil Program, with the following objectives:

I - foster and encourage investments in projects that promote ecological transformation, especially in the axes of transition to sustainable practices and technologies, technological densification, bioeconomy, circular economy, energy transition, and infrastructure and adaptation to climate change, among others;

II - attract external investments to the Country;

III - enable operations in the capital market aimed at raising resources abroad by companies, investors, and financial institutions headquartered in the Country, for the purpose of financing projects that meet the provisions of item I of the caput of this article;

IV - support the development, liquidity, and efficiency of the long-term foreign currency protection (hedge) market in the Country.

4. Within the National Financial System, the Monetary National Council published CMN Resolution No. 5,130, of April 25, 2024, which provides for financing under the External Private Capital Mobilization and Exchange Rate Protection Line – Eco Invest Brasil Line –, within the scope of the National Fund on Climate Change (FNMC).

5. The aforementioned Law and CMN Resolution established that it is the responsibility of the Central Bank to monitor and supervise the acts of financial institutions in accessing and operating the Eco Invest Brasil Line. Based on this determination, information is being created in the SCR that allows the identification of operations contracted under the support of the aforementioned program.

6. The inclusion of the domains “Acquired Precatórios” and “Acquired Credit Rights in Execution Process” is due to the need to monitor these acquisitions for credit risk monitoring and statistics generation at the Central Bank. Currently, such operations are reported under the acquired receivables modality, without specific marking, and therefore, it is not possible to differentiate them from other receivables.

7. Regarding the inclusion of the domain “Syndicated Loans”, it is worth clarifying that this type of loan is made by a group of financial institutions, usually when the amount to be lent is of significant volume, primarily for a single financial institution. These operations are already reported in the SCR. However, without this marking, it is not possible to establish the link between the credit operations.

8. This Normative Instruction – IN BCB aims to include:

I - in the layout of Document 3040 new domains that allow identifying credit operations related to:

a) acquired precatórios by financial institutions;

b) acquired credit rights in execution process;

c) operations related to syndicated loans, granted by a consortium of financial institutions; and

d) financing under the External Private Capital Mobilization and Exchange Rate Protection Line – Eco Invest Brasil Line;

II - in the Filling Instructions of Document 3040:

a) guidelines regarding the submission of information on acquired precatórios, acquired credit rights in execution process, and syndicated loans.

II - in the Complementary Instructions regarding information on credit operations aimed at government programs:

a) specific guidelines related to the Program for Mobilization of External Private Capital and Exchange Rate Protection – Eco Invest Brasil Program

9. Decree No. 10,411, of June 30, 2020, regulates the conduct of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts of general interest to economic agents. However, in its article 4º, the aforementioned decree establishes the hypotheses for dispensing with the conduct of AIR. This IN BCB falls under the hypotheses provided for in item II - normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, and in letter “b”, of item V - normative act that aims to preserve liquidity, solvency, or soundness: b) of the financial, capital, and exchange markets.

10. As described in paragraphs 3 to 5, the obligation to monitor and supervise financing granted under the support of the Eco Invest Brasil Line, established by Law and CMN Resolution, resulted in the creation of a domain and additional information that allow the identification of this financing, as well as the auction and year of resources from this line, thus justifying the classification of this IN BCB under item II, of art. 4º of Decree No. 10,411, of 2020.

11. As described in paragraphs 6 and 7, the need to improve the quality of received information, allowing better monitoring and supervision of operations involving acquired precatórios and acquired credit rights in execution process, and aiming to identify syndicated loans and their participants, resulted in the creation of specific domains for institutions to identify these operations, which are already in the SCR, but not in a segregated manner, thus justifying the classification of this IN BCB under letter “b” of item V of art. 4º of the aforementioned Decree.

12. Thus, based on the provisions of paragraphs 9 to 11, I understand that the issuance of this Normative Instruction is exempt from the conduct of regulatory impact analysis.

ANDRÉ
MAURÍCIO TRINDADE DA ROCHA
Head of the Department of
Financial System Monitoring