03 Jun 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.