Resolution CMN No. 2325 — Amends and Consolidates Norms Regarding the Provision of Guarantees by Financial Institutions

Multiple financial institutions, including banks, credit cooperatives, and investment companies, are permitted to provide guarantees. These entities must not accept exchange instruments unless expressly permitted by current legal and regulatory norms. Furthermore, all legal and regulatory prohibitions imposed on these institutions for granting loans, advances, and financing apply equally to the provision of guarantees. This resolution enters into force on the date of its publication.

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RESOLUTION NO. 2325

Amends and consolidates the norms regarding the provision of guarantees by financial institutions.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, in a session held on October 30, 1996, based on Article 4, item VI, of the aforementioned Law and on Article 29, paragraph 1 of Law No. 4,728 of July 14, 1965,

RESOLVES:

Article 1. It is permitted for multiple banks, commercial banks, investment banks, development banks, savings banks, credit, financing and investment companies, real estate credit societies, mortgage companies, and credit cooperatives to provide guarantees.

Sole Paragraph. The acceptance in exchange instruments by the institutions mentioned in this article remains limited to situations expressly permitted in the current legal and regulatory norms.

Article 2. The same legal and regulatory prohibitions imposed on the institutions referred to in the previous article for the granting of loans, advances, and financing apply to the provision of guarantees.

Article 3. The Central Bank of Brazil is authorized to issue the norms and adopt the measures deemed necessary for the execution of the provisions of this Resolution.

Article 4. This Resolution enters into force on the date of its publication.

Article 5. Items XIV, letter "e", and XXXVI of Resolution No. 18 of February 18, 1966; XIII of Resolution No. 45 of December 30, 1966; Articles 15, item I, 23, item II, and 25 of the Regulation annexed to Resolution No. 394 of November 3, 1976; Resolutions Nos. 551 of June 21, 1979, 724 of January 20, 1982, and 1,054 of October 30, 1985; Article 25 of the Regulation annexed to Resolution No. 1,914 of March 11, 1992; and Circulars Nos. 29 of March 28, 1966, 42 of June 16, 1966, 188 of September 1, 1972, and 968 of October 31, 1985, and Circular Letter No. 1,472 of September 16, 1986 are revoked.

Brasília, October 30, 1996

Gustavo Jorge Laboissière Loyola
President

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Show all related documents (14)

Supersedes: CMN Resolution No. 45 — Regulation of Acceptance of Bills of Exchange, Including Direct Consumer Credit1966Circular Letter No. 1472 dated 1986-09-16Circular No. 188 dated 1972-09-01Circular No. 29 dated 1966-03-28Circular No. 42 dated 1966-06-16Circular No. 968 dated 1985-10-31
+4 more
Resolution dated 1992-03-11Resolution No. 1054 dated 1985-10-30Resolution No. 551 dated 1979-06-21Resolution No. 724 dated 1982-01-20
Amends: Resolution No. 18 dated 1966-02-18Resolution No. 394 dated 1976-11-03
Issued under: Law No. 4595 dated 1964-12-31Law No. 4728 dated 1965-07-14

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This document supersedes: CMN Resolution No. 45 — Regulation of Acceptance of Bills of Exchange, Including Direct Consumer Credit

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