Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 178

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 178
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   management commits a material violation of banking laws, regulations or rulings;
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·   the institution suffers a loss that subjects its unsecured creditors to severe risk; or
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·                        upon revocation of the authorization to operate, the institution does not initiate ordinary liquidation                     
    proceedings within 90 days, or, if initiated, the Central Bank of Brazil determines that the pace of the liquidation may impair the institution’s
                                                                        creditors.                                                                   
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 As a consequence of administrative liquidation:
 
·   lawsuits pleading claims on the assets of the institution are suspended;
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106 – Form 20-F 2024 | Bradesco
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·   the institution’s obligations are accelerated;
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·   the institution may not comply with any liquidated damage clause contained in unilateral contracts;
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·   interest does not accrue against the institution until its liabilities are paid in full; and
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·   the limitation period of the institution’s obligations is suspended.
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 The Central Bank of Brazil may end the extrajudicial settlement of a financial institution, if any of the following occurs:
 
·   full payment of unsecured creditors;
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·   change of the institution’s scope to an economic activity that is not part of the SFN;
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·   transfer of the institution’s control;
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·   conversion into an ordinary settlement; and
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·   sale/loss of the institution’s assets, upon its completion and the distribution of the proceeds
                     among the creditors, even if the debts are not fully paid; or                 
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·   absence of liquidity or difficult completion of the institution’s remaining assets, as recognized
                                      by the Central Bank of Brazil.                                 
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Ø   Temporary Special Administration Regime
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 The Temporary Special Administration Regime, known as (RAET), is a less severe form of intervention in financial institutions by the Central Bank of Brazil, allowing institutions to continue to operate as normal. RAET may be ordered in the case of an institution that:
 
·   repeatedly makes transactions contravening economic or financial policies under federal law;
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·   faces a shortage of assets;
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·   fails to comply with compulsory deposit rules;
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·   has reckless or fraudulent management; or
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·   has operations or circumstances requiring an intervention.
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4.B.70.02-17 Credit Guarantee Fund (Fundo Garantidor de Crédito)
 In the case