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Rule · BCB · 29 Jun 2006 · Resolução CMN 3382

Resolution CMN No. 3382 — Permits enumerated financial institutions to accept loans in reais and regulates the allocation of such resources

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Resolution CMN No. 3382 permits commercial banks, investment banks, multiple banks with commercial or investment portfolios, development banks, and savings banks to accept loans in reais from multilateral financial entities authorized to raise funds in the Brazilian market. The resources received under this authorization must be directed toward productive private projects within the national territory. The Central Bank of Brazil is authorized to adopt necessary measures to implement this resolution, including granting adequate deadlines and stipulating other conditions to ensure the full pass-through of the borrowed resources.

BrazilBanco Central do Brasil

RESOLUTION NO. 3382

Permits enumerated financial institutions to accept loans in reais, under the established terms, and regulates the allocation of resources thus received.

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 June 29, 2006, considering the provisions of Article 4, items VI and XVII, of the aforementioned law,

RESOLVES:

Article 1. It is permitted for commercial banks, investment banks, multiple banks with commercial or investment portfolios, development banks, and savings banks to accept loans in reais from multilateral financial entities authorized to raise funds in the Brazilian market.

Article 2. The resources received by financial institutions in accordance with Article 1 shall be directed toward productive private projects within the national territory.

Article 3. The Central Bank of Brazil is authorized to adopt measures deemed necessary for the execution of the provisions contained in this resolution, including granting financial institutions adequate deadlines and stipulating other conditions, with the aim of ensuring the pass-through of the total amount of resources received by loan.

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

Brasília, June 29, 2006.

Henrique de Campos Meirelles
President

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Annotations and obligations
1 obligation · 1 permission · 2 definitions
  • Obligation 1
  • Permission 1
  • Definition / condition 2
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Lei n.º 4.595, de 31 de dezembrode 1964 — dispõe sobre a política…1964 · BR-LAWLei 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) (1964-12-31)Resolution CMN No. 3382 —Permits enumerated financial …2006-06-29 · this documentResolution CMN No. 3382 — Permits enumerated financial institutions to accept loans in reais and regulates the allocation of such resources (2006-06-29)
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