2023-11-23 | Resolução BCB 352

Added 2026-09-27

Resolution BCB No. 352 of November 23, 2023: Accounting Concepts and Criteria for Financial Instruments and Hedge Accounting

Resolution BCB No. 352 establishes accounting concepts, classification, measurement, recognition, and disclosure criteria for financial instruments and hedge accounting for institutions subject to the COSIF accounting standard. It defines financial assets, liabilities, derivatives, and credit risk provisions, mandating classification into amortized cost, fair value through other comprehensive income, or fair value through profit or loss based on business models and contractual cash flow characteristics. The regulation sets specific criteria for identifying credit-impaired assets, defines effective interest rate methodologies, and outlines procedures for credit loss provisions and financial statement disclosures.

Brazil

Banco Central do Brasil

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RESOLUTION BCB NO. 352, OF NOVEMBER 23, 2023

~~Dispenses with the concepts and accounting criteria applicable to~~ financial instruments, as well as for the designation and recognition of hedging relationships (hedge accounting) by securities brokerage firms, securities distribution companies, foreign exchange brokerage firms, consortium administrators, and payment institutions authorized to operate by the Central Bank of Brazil, and regarding accounting procedures for defining cash flows of financial assets as solely payments of principal and interest, the application of the methodology for calculating the effective interest rate of financial instruments, the establishment of provisions for losses associated with credit risk, and the disclosure of information regarding financial instruments in explanatory notes to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

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Show all related documents (40)

Supersedes: Resolution BCB No. 219 – Concepts and Accounting Criteria for Financial Instruments and Hedge Accounting for Consortium Administrators and Authorized Payment Institutions2022Circular No. 2535 dated 1995-01-19not in RegAlertCircular No. 2951 dated 1999-11-11not in RegAlertCircular No. 3001 dated 2000-08-24not in RegAlertCircular No. 3233 dated 2004-04-08not in RegAlertCircular No. 3252 dated 2004-08-25not in RegAlert
Amended by: BCB Resolution No. 571 — Amends Resolution BCB No. 352 of November 23, 2023, regarding accounting concepts and criteria for financial instruments and hedge accounting2026 BCB Resolution No. 553 of March 3, 20262026 BCB Resolution No. 504 — Amends BCB Resolution No. 352 of November 23, 2023, on accounting criteria for financial instruments and hedge accounting2025 Central Bank Resolution No. 483 of June 11, 2025, amending Resolutions No. 146, 168, and 352 regarding the prudential sub-group and accounting concepts for financial instruments2025
Amends: Resolution No. 397 dated 2024-07-03not in RegAlert
Issued under: Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Law No. 11.795 dated 2008-10-08not in RegAlertLaw No. 11.941 dated 2009-05-27not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertLaw No. 4.728 dated 1965-07-14not in RegAlertResolution No. 92 dated 2021-05-06not in RegAlert
Basis for: Instruction Normative BCB No. 570 — Sets the deadline for submitting the base dates for January, February, and March 2025 of document code 4111 – Daily Accounting Balances2024
Referred to by: Instruction Normative BCB No. 763 — Amends Instruction Normative BCB No. 584 of January 28, 20252026 Normative Instruction BCB No. 659 — Amends the Layout and Filling Instructions for Document Code 3040 - Credit Risk Data of the Credit Information System (SCR)2025 Resolution BCB No. 478 — Scope and Methodology for Leverage Ratio Calculation, Minimum Requirements for Type 3 Institutions, and Exclusion Conditions for Cooperative System Exposures2025 Normative Instruction BCB No. 607 of April 3, 2025: Extends the Deadline for Submission of the February 2025 Data-Base for Operational Limits Statement (DLO)2025 Instruction Normative BCB No. 604 — Amends the Layout and Filling Instructions for Document 2080 - Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets2025 Instruction Normative BCB No. 598 — Amends Instruction Normative BCB No. 584 of January 28, 20252025
+16 more
Normative Instruction BCB No. 577 — Amends Normative Instructions BCB Nos. 428 and 433 to Create Accounting Lines in the Cosif Chart of Accounts2024 Normative Instruction BCB No. 576 — Amends the Filling Instructions and Layout of Document Code 2061 – Operational Limits Statement (DLO)2024 Resolution BCB No. 448 – Amends Resolutions BCB Nos. 198, 199 and 201 of March 11, 20222024 BCB Normative Instruction No. 563 — Deadline for Submission of January and February 2025 Data for Market Risk, Operational Limits, Liquidity Risk, and Credit Data Documents2024 Normative Instruction BCB No. 560 of December 6, 2024: Clarifies Criteria for Applying CMN Resolution No. 4,966 and BCB Resolution No. 3522024 BCB Instruction No. 545 of November 7, 2024 - Amends the Instructions for Calculating and Filling Out the Market Risk Statement (DRM) Information2024 Instruction BCB No. 544 — Amends the Filling Instructions for Document Code 2300 - External Resource Borrowing2024 Normative Instruction BCB No. 524 of September 18, 2024: Establishes Procedures for Daily Submission of Accounting Balances and Payment Transaction Volumes to the Central Bank of Brazil2024 Instruction Normative BCB No. 522 — Consolidates Procedures for Remitting Banking Statistics by Commercial Banks, Multiple Banks with Commercial Portfolios, and Caixa Econômica Federal2024 Instruction Normative BCB No. 505 — Amends Instruction Normative BCB No. 142 of August 16, 2021, Regarding Procedures for Submitting Financial Statements by Institutions in Extrajudicial Liquidation2024 Central Bank of Brazil Instruction Normative No. 474 of May 23, 20242024 Normative Instruction BCB No. 473 of May 23, 20242024 Normative Instruction BCB No. 469 of May 3, 20242024 Normative Instruction BCB No. 438 — Amends Normative Instruction BCB No. 236 Regarding Financial Statement Submission Procedures2023 Normative Instruction BCB No. 426 of December 1, 20232023 Normative Instruction BCB No. 429 — Defines the accounting items of the Required Liabilities group of the Chart of Accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)2023

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Amended 4 times · last 2026-05-28

This document supersedes: Resolution BCB No. 219 – Concepts and Accounting Criteria for Financial Instruments and Hedge Accounting for Consortium Administrators and Authorized Payment Institutions

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works