BACEN’s Circular N°4,023 changes Circular N°3,929 of 13 February 2019

June 3, 2020 – BACEN’s Circular N° 4,023 alters Circular N°3,929 which consolidates the rules regarding the calculation of the calculation base and the collection of contributions from institutions associated with the Credit Guarantee Fund (FGC). Main changes are:

  • Reference Value (VR) – the value of the FGC’s exposure to instruments subject to the ordinary guarantee,
  • The value of the PLA used to calculate the additional contribution
  • Deductions provided for in legislation
  • Titles and subtitles of the Accounting Plan of the Institutions of the National Financial System (Cosif) used as a basis for calculating ordinary contributions to the Credit Guarantee Fund (FGC).


Esta Circular entra em vigor em 1º de julho de 2021

Jurisdictions affected: Brazil

For more information, visit Banco Central do Brasil.

We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies.