Resolution No. 3.624

RESOLUTION No. 003624 ------------------- Amends arts. 1 and 2 of Resolution No. 3.622 of 9 October 2008, which provides for rediscount and foreign currency loan operations. THE CENTRAL BANK OF BRAZIL, in the form of art. 9 of Law No. 4.595 of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in an extraordinary session of 16 October 2008, based on arts. 1 and 5 of Provisional Measure No. 442 of 6 October 2008, and taking into account the provisions of art. 4, item XVII, of Law No. 4.595, of art. 8, § 1, of Law No. 9.069 of 29 June 1995, of arts. 26, § 1, and 28, § 2, of Complementary Law No. 101 of 4 May 2000, of art. 45 of Law No. 10.931 of 2 August 2004, R E S O L V E D : Art. 1 The arts. 1 and 2 of Resolution No. 3.622 of 9 October 2008 shall come into force with the following amendments: "Art. 1 .............................................. ....................................................... § 4 In the foreign currency loan operations dealt with in this resolution, the Central Bank of Brazil may determine that the funds be directed, in whole or in part, to foreign trade operations. Art. 2 ............................................... ....................................................... III - in the rediscount operations dealt with in this resolution, debentures issued by non-financial companies, identified in the Central Risk System (SCR), whose operations are classified in risk categories AA, A and B, observing the following minimum parameters in the relationship between assets and the rediscount amount: a) 120% (one hundred and twenty percent), for debentures classified in risk category AA; b) 130% (one hundred and thirty percent), for debentures classified in risk category A; and c) 140% (one hundred and forty percent), for debentures classified in risk category B. ....................................................... § 7 The debentures dealt with in item III of this article must be registered with CETIP S.A. - Organized Over-the-Counter Market of Assets and Derivatives. § 8 The risk classification of the debentures dealt with in item III shall be obtained by weighting the classification of the issuer's obligations identified in the SCR." (NR) Art. 2 This resolution enters into force on the date of its publication. Brasília, 16 October 2008. Henrique de Campos Meirelles President