RegAlert2019-06-27 | Resolução CMN 4734Added
Resolution CMN No. 4734 — Establishes Conditions and Procedures for Discounting Receivables of Payment Arrangements in the Brazilian Payment System Based on Postpaid Accounts and Demand Deposit Accounts, and Credit Operations Secured by Such Receivables
Resolution CMN No. 4734 establishes the conditions and procedures for financial institutions to conduct discounting operations of receivables from payment arrangements integrated into the Brazilian Payment System (SPB) based on postpaid accounts and demand deposit accounts, as well as credit operations secured by these receivables. Financial institutions must ensure these receivables are registered in authorized registry systems, specify contract terms regarding constituted and future receivables, and manage the retention and release of funds from anticipation operations within specified timeframes. The resolution mandates the removal of liens on remaining receivables within specific business days after obligation fulfillment and requires financial institutions to provide users with daily information on blocked and free receivables. It amends Resolution No. 4,593 of 2017, revokes Resolutions No. 4,707 and No. 4,710, and enters into force partially upon publication and fully on August 3, 2020.
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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 June 27, 2019, based on the provisions of Articles 4, items VI and VIII, of the aforementioned Law, and Article 26-A of Law No. 12,810 of May 15, 2013,
R E S O L V E S:
Article 1. This Resolution establishes conditions and procedures for financial institutions to conduct discounting operations of receivables from payment arrangements integrated into the Brazilian Payment System (SPB) based on postpaid accounts and demand deposit accounts, and credit operations secured by such receivables.
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Lineage: Amended
Show all related documents (20)
- Supersedes
- Resolution No. 4707 dated 2018-12-19not in RegAlertResolution No. 4710 dated 2019-01-31not in RegAlert
- Amended by
- CMN Resolution No. 5,045 of November 25, 20222022CMN Resolution No. 4,888 — Amends Resolution No. 4,734 of June 27, 2019, regarding new homologatory testing stages for financial institutions and extends the effective date2021CMN Resolution No. 4867 — Amends Resolution No. 4734 regarding payment arrangement receivables discounting operations2020CMN Resolution No. 4853 of September 24, 2020, amending Resolution No. 4,734 of June 27, 20192020CMN Resolution No. 4809 Amending Resolution No. 4662 on Bilateral Margin Requirements for Derivatives2020
- Amends
- Resolution CMN No. 4593 — Provides for the registration and centralized deposit of financial assets and securities by financial institutions and other entities authorized to operate by the Central Bank of Brazil, as well as the provision of financial‑asset custody services2017
- Issued under
- Law No. 12810 dated 2013-05-15not in RegAlertLaw No. 4595 dated 1964-12-31not in RegAlert
- Basis for
- Normative Instruction BCB No. 121 of July 1, 20212021BCB Resolution No. 72 of February 12, 20212021Normative Instruction BCB No. 75 — Amending Normative Instruction BCB No. 41 of November 5, 20202021BCB Resolution No. 35 — Amends Circular No. 3,952 of June 27, 2019, Regarding the Registration of Receivables from Payment Arrangements Based on Postpaid Accounts and Demand Deposits in the Brazilian Payments System2020Circular No. 4014 — Amends the effective date of provisions of Circular No. 3,952 of June 27, 2019, regarding the registration of receivables from payment arrangement transactions2020
- Referred to by
- Normative Instruction BCB No. 78 — Establishes the schedule for the complementary cycle of homologatory integration tests for financial institutions, accredited entities, and registrars2021Normative Instruction BCB No. 41 — Establishes the schedule for integration homologation tests for financial institutions, accredited and sub-accredited institutions, and registering entities2020CMN Resolution No. 4847 on the Emergency Credit Access Program in the Receivables Guarantee Modality (Peac-Maquininhas)2020Circular No. 4016 — Regulates the Bookkeeping of Book-Entry Promissory Notes, the Electronic Bookkeeping System, and the Centralized Registration, Deposit, and Negotiation of These Credit Instruments2020Resolution CMN No. 4815 - Conditions and Procedures for Discounting Commercial Receivables and Credit Operations Secured by Such Receivables2020
Timeline
Amended 5 times · last 2022-11-25
- 2022-11-25
BCBCMN Resolution No. 5,045 of November 25, 2022amends
- 2021-02-12
- 2020-10-29
- 2020-09-24
- 2020-04-30
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
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