Resolution CMN No. 2472 — Amends the risk classification of credit operations secured by National Treasury Bonds

RESOLUTION NO. 2472

Amends the risk classification of credit operations secured by National Treasury Bonds.

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 NATIONAL, in a session held on February 19, 1998, considering the provisions of Article 4, items VIII, XI, and XX, of the aforementioned Law,

RESOLVES:

Article 1. Establish that credit operations renegotiated under the auspices of Resolution No. 2,471 of February 26, 1998, when secured by National Treasury Bonds, be classified as "ZERO RISK - Weighting Factor 0%" for the purposes of the provisions in Regulation Annex IV to Resolution No. 2,099 of August 17, 1994, as amended by Resolution No. 2,399 of June 25, 1997.

Sole Paragraph 1. The amount to be classified as "ZERO RISK" operation is limited to the value of the principal of the renegotiated debt, updated based on the IGP-M (General Price Index - Market) published by the Getulio Vargas Foundation - FGV.

Sole Paragraph 2. Interest due shall be classified as "Normal Risk - Weighting Factor 100%".

Article 2. This Resolution enters into force on the date of its publication.

Brasília, February 26, 1998

Gustavo H. B. Franco
President