Normative Instruction BCB No. 665 of September 16, 2025

Resolution No. 222

The current text of the MCR is available at the following electronic address:
www3.bcb.gov.br/mcr.

NORMATIVE INSTRUCTION
BCB No. 665, OF SEPTEMBER 16, 2025

Amends the MCR - Document 4 (Summary of Judgment and Review of Coverage Request), of the Manual of Rural Credit (MCR).

The Head of the Department of Regulation, Supervision and Control of Rural Credit and Proagro Operations (Derop), in the exercise of the powers conferred 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, and based on the provision of letter “m” of item 1 of Section 1 of Chapter 12 of the Manual of Rural Credit (MCR),

R E S O L V E :

Art. 1º The fields of the MCR - Document 4 shall enter into force with the following alterations:

“A - ..........................................................................................................................................

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

12. Deduction of Coverage Based on the Equilibrium Rate (p.p.)

13. Increase on Coverage Based on Assessed Risk (p.p.)

B -
............................................................................................................................................

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

15. Proven Area - Zarc Risk 20% or
    Proagro Mais with indication of Ater (ha)

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

19. Weighted Average of Deductions Based on
    Zarc (p.p.)

20. Area Deduction in Disagreement with
    Zarc (%)

21. Assessed Adjustment on Coverage Due
    (%)

.......................................................................................................................................”
(NR)

Art. 2º The Filling Instructions for MCR - Document 4 shall enter into force with the following alterations:

“A - ..........................................................................................................................................

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

Field 12 - Deduction of Coverage Based on the Equilibrium Rate (p.p.): register, in percentage points (p.p.), the deduction on the coverage due, calculated based on the equilibrium rate of the undertaking, as established in MCR 12-5-10-D.

Field 13 - Increase on Coverage Based on Assessed Risk (p.p.): register, in percentage points (p.p.), the increase on coverage due according to the risk assessed for the undertaking comparatively to the additional rate, observing the provisions in MCR 12-5-10-E and MCR - Document 9. The filling must be done with 0 p.p. (zero percentage points) or 20 p.p. (twenty percentage points), as the case may be.

B -
............................................................................................................................................

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

Field 15 - Proven Area Zarc Risk 20% or
Proagro Mais with indication of Ater (ha) - No deduction on coverage due:
register the dimension of the area where transplanting, emergence, or sprouting of the crop actually occurred in the decade corresponding to the 20% (twenty percent) risk of Zarc, coincident with the classified area, in hectare (ha) or of the area cultivated in operations classified under Proagro Mais with indication of Technical Assistance and Rural Extension (Ater) (MCR 12-2-8).

Field 16 - Proven Area Zarc Risk 30%
(ha) - Deduction of 5 p.p. (five percentage points) on coverage due: register the dimension of the area where transplanting, emergence, or sprouting of the crop actually occurred in the decade corresponding to the 30% (thirty percent) risk of Zarc, coincident with the classified area, in hectare (ha).

Field 17 - Proven Area Zarc Risk 40%
(ha) - Deduction of 10 p.p. (ten percentage points) on coverage due: register the dimension of the area where transplanting, emergence, or sprouting of the crop actually occurred in the decade corresponding to the 40% (forty percent) risk of Zarc, coincident with the classified area, in hectare (ha).

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

Field 19 - Weighted Average of Deductions Based on Zarc (p.p.): register, in percentage points (p.p.), the weighted average of deductions applied on coverage due based on the areas of transplanting, emergence, or sprouting according to Zarc risks under MCR 12-5-10-C.

B19=(B150+B165+B17*10)/(B15+B16+B17)

Field 20 - Area Deduction in Disagreement with Zarc (%): register the deduction on coverage due regarding the proven area in disagreement with Zarc, under MCR 12-4-5-A-“d”-II.

B20=B18/(B15+B16+B17+B18)

Field 21 - Assessed Adjustment on Coverage Due (%): register the percentage value resulting from the application of coverage due alterations considering fields B19, A12 and A13, as provided in MCR 12-5-10-B, and the deduction registered in field B20, under MCR 12-4-5-A-“d”-II.

B21=[Minimum(100;100-B19-A12+A13)/100]*(1-B20)

C -
............................................................................................................................................

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

Field 3.1 Working Capital Credit Used:
register the amount of credit released and proven to be used for payment of expenses for inputs and services included in the budget adjusted by area. The assessed value must reflect the minimum deduction of 5% (five percent) referred to in MCR 12-5-10-A. According to MCR 12-5-12-“c”, such deduction may be higher, provided that proof of acquisition of inputs is presented (condition B14=S). C3.1≤95%A7B3/B2

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

Field 13 - Coverage Due: register the result of the multiplication assessed between the sum of the values of fields C8, C10 and C11 and the value of the adjustment registered in field B21. *C13=[(C8+C10+C11)B21]

.......................................................................................................................................”
(NR)

Art. 3º The alterations established in this BCB Normative Instruction apply to coverage requests regarding operations classified under Proagro from July 1, 2025.

Art. 4º This BCB Normative Instruction enters into force on the date of its publication.

JOÃO FERRARI NETO
Head of Derop, substitute

NOTE

This BCB Normative Instruction (IN BCB) aims to adjust the MCR - Document 4 (Summary of Judgment and Review of Coverage Request), of the Manual of Rural Credit (MCR), to align the procedures and formulas applicable in the calculation of coverage of the Program for the Guarantee of Agricultural and Livestock Activity with the adjustments promoted by Resolution CMN No. 5,224, of June 6, 2025.

2. It is worth highlighting that, by virtue of art. 24 of Decree No. 10,411, of June 30, 2020, the issuance of normative acts by the bodies and entities of the direct, autarchic, and foundation federal public administration, from October 14, 2021, must be preceded by a Regulatory Impact Analysis (AIR). However, in its article 4, the aforementioned decree establishes the hypotheses for dispensing with the realization of AIR. This BCB IN falls under the hypothesis provided for in item II, a normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. Thus, based on item II of art. 4 of Decree No. 10,411, of 2020, it is understood that the issuance of this BCB IN dispenses with the realization of AIR.

JOÃO FERRARI NETO
Head of Derop, substitute