The Central Bank of Brazil plans to update regulations for book-entry receivables to include new market roles. The regulator announced the proposals during an industry event hosted by ABFintechs. The revisions aim to adapt existing rules to business models created by market participants.
Formalizing structuring agents
The central bank plans to formally recognize structuring agents within the system. These entities help hundreds of thousands of invoice issuers access the receivables market. Structuring agents will need official accreditation and must meet minimum service level agreements.
Expanding two-step settlement
Officials also proposed expanding two-step settlement to financial institutions. Approved banks would connect to structuring agents to query bookkeepers and direct payments. This model uses existing corporate banking relationships to simplify the settlement process.
Longer presentation terms
The central bank wants to extend the receivable presentation deadline from 10 to 30 days. Current commercial shipping times across Brazilian regions often exceed the existing 10-day window. The change aligns the timeline with standard commercial trade practices for buyer acceptance.
The regulator hopes to finalize and implement these regulatory improvements during 2026. Officials are currently reviewing suggestions from trade groups including ABCD and Febraban. Separately, the central bank expects dynamic boletos to enter operation in February 2027.
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