On Mar. 27, BRZ CB provided liquidity financial lines and operations.
BRZ CB issued Resolution 374 to provide its liquidity financial lines (LFL) and approve the regulations that govern their operations, approval forms noted in Annexes I to IV.
Annex I provides object, modalities, access, contracting, etc. for the loan operations.
Annex II regulates the admissibility, eligibility, pricing, discounts, etc. for debentures, commercial banknotes, and Annex III addresses credit operations and credit limits.
Annex IV provides financial limits of credit, withdrawal of guarantee limits, procedures.
Allocation of financial limits for Term Liquidity Line (LLT) depends on prior performance of homologation tests needed to determine LFL qualification in financial institutions.
By Jul. 1, 2024, LFL Participants who have not completed adhesion and homologation tests are temporarily considered inactive participants and cannot conduct operations.
Effectiveness
Regulatory provisions re article 7 in effect on Jul. 1, 2024; Resolution 110 is revoked.
Resolution enters into force on May 2, 2024, subject to the provisions of item II.
