RegAlert2002-01-17 | Resolução CMN 2921Added
Resolution CMN No. 2921 on Linked Active Operations by Financial Institutions
Resolution CMN No. 2921 authorizes multiple banks, commercial banks, Caixa Econômica Federal, investment banks, credit financing and investment societies, and leasing companies to conduct linked active operations based on funds provided by third parties, subject to strict conditions including resource linkage, payment flow subordination, and risk coverage. These operations are excluded from client exposure limits under Resolution 2.844 but remain subject to other operational limits, risk classification, provisioning criteria, and credit risk reporting requirements. Additionally, funds raised for these operations are ineligible as hybrid capital or subordinated debt instruments for inclusion in the Reference Equity Level II under Resolution 2.837. The resolution also permits this treatment for operations guaranteed by federal public securities and entered into force upon publication on January 17, 2002.
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RESOLUTION NO. 2921
Provides for the carrying out of linked active operations by the financial institutions specified herein, based on resources delivered or made available to the institution by third parties.
THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on January 17, 2002, based on Article 4, items VI and X, of the aforementioned law,
RESOLVES:
Article 1. It is permitted for multiple banks, commercial banks, Caixa Econômica Federal, investment banks, credit financing and investment societies, and leasing societies to carry out linked active operations, based on resources delivered or made available to the contracting financial institution by third parties, with the following conditions to be explicitly stated in the fundraising instrument at a minimum:
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Lineage: In force
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