Resolution CMN No. 3888 — Authorizes the inclusion of FAT/BNDES investment credit installments due between January 1, 2009, and March 1, 2010, in renegotiation under Resolution No. 3,772

RESOLUTION NO. 003888

Authorizes the inclusion of the installments of the investment credit operations carried out with resources from FAT/BNDES that became due in the period from January 1, 2009, to March 1, 2010, among those eligible for extension under the conditions established by Resolution No. 3,772, of August 26, 2009.

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 July 29, 2010, having regard to the provisions of Article 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Article 5 of Law No. 10,186, of February 12, 2001,

RESOLVES:

Article 1. Financial institutions are authorized, at their discretion, to include in the renegotiation process referred to in Resolution No. 3,772, of August 26, 2009, the installments of the operations framed therein whose due dates occurred in the period from January 1, 2009, to March 1, 2010, and which have not yet been paid.

Sole Paragraph. For the implementation of the operations renegotiated based on this article, the other conditions and limits referred to in Resolution No. 3,772, of 2009 must be observed, including with regard to the limitation of 8% (eight percent) of the value of the installments due in the respective year in each financial institution, and the provisions of Articles 2 and 3 of this resolution.

Article 2. The requirement referred to in item II of Article 1 of Resolution No. 3,772, of 2009, is waived, at the discretion of the financial institution, for borrowers of rural investment credit operations, which meet the renegotiation conditions of that resolution, contracted in municipalities that declared a state of emergency or public calamity between January 1, 2009, and the date of publication of this resolution, with recognition by the Federal Government, and whose due dates occurred in that same period.

Article 3. The deadline of November 30, 2010, is established for the implementation of the renegotiation of the operations covered by this resolution.

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

Article 5. Resolution No. 3,860, of May 27, 2010, is revoked.

São Paulo, July 29, 2010.

Henrique de Campos Meirelles
President