Rule · BCB · 20 Mar 2009 · Resolução CMN 3691
Resolution No. 3.691 amends Article 2, Item II of Resolution No. 3.622 of October 9, 2008, by adding subitem 'c)'. This new subitem establishes a 100% classification for other assets denominated in or referenced to United States dollars. These assets must have risk categories AA, A, and B under Resolution No. 2.682 of December 21, 1999, or an equivalent risk of at least grade A from one of the three largest international rating agencies. This resolution enters into force on its publication date.
RESOLUTION No. 003691 ------------------- Amends Resolution No. 3.622 of 9 October 2008. The Central Bank of Brazil, in accordance with art. 9 of Law No. 4.595 of 31 December 1964, hereby announces that the National Monetary Council, in an extraordinary session on 20 March 2009, based on art. 1, § 5, of Law No. 11.882 of 23 December 2008, and on art. 4, item XVII, of Law No. 4.595 of 1964, D E C I D E D : Art. 1 Item II of article 2 of Resolution No. 3.622 of 9 October 2008 shall be amended to include the following subitem: "Art. 2 .............................................. ....................................................... II - .................................................. ....................................................... c) 100% (one hundred percent) for other assets denominated in or referenced to United States of America dollars, with classification in risk categories AA, A and B, under the terms of Resolution No. 2.682 of 21 December 1999, or with risk equivalent, at minimum, to grade A, assigned by at least one of the three largest international rating agencies." Art. 2 This resolution enters into force on the date of its publication. São Paulo, 23 March 2009. Mario Magalhães Carvalho Mesquita President, substitute --------------------------------- Note: Republished due to an error in the date of Resolution No. 3.622, cited in the heading and in art. 1.
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“RESOLUTION No. 003691 ------------------- Amends Resolution No. 3.622 of 9 October 2008.”
“The Central Bank of Brazil, in accordance with art. 9 of Law No. 4.595 of 31 December 1964, hereby announces that the National Monetary Council”
“based on art. 1, § 5, of Law No. 11.882 of 23 December 2008”
“under the terms of Resolution No. 2.682 of 21 December 1999”
This document amends: Resolution No. 3.622: Rediscount and Loan Operations under Provisional Measure No. 442 of 6 October 2008
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