Resolution No. 3621 - Regulates the issuance of Agricultural Receivables Certificates (CRA) for purposes of Article 3, Section 8, Item III of Law No. 9,718 of November 27, 1998

Resolution No. 3621, of September 30, 2008.

RESOLUTION NO. 3621
Regulates the issuance of Agricultural Receivables Certificates (CRA) for the purposes of the provision in item III of Section 8 of Article 3 of Law No. 9,718 of November 27, 1998.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on September 30, 2008, considering the provision in item III of Section 8 of Article 3 of Law No. 9,718 of November 27, 1998, as well as Article 49 of Law No. 11,076 of December 30, 2004,

HAS RESOLVED:

Art. 1 For the purposes of the provision in item III of Section 8 of Article 3 of Law No. 9,718 of November 27, 1998, the issuance of Agricultural Receivables Certificates (CRA) that comply with the provisions of Law No. 11,076 of December 30, 2004 is considered agricultural credit securitization.

Art. 2 This resolution enters into force on the date of its publication.

Brasília, September 30, 2008.
Henrique de Campos Meirelles
President

This text does not replace the version published in the DOU and Sisbacen.