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.



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