Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 198

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 198
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 No. 353/17 and CNSP Resolution No. 451/22 came into force. CNSP Resolution No. 451/22 indicates that, for the purposes of fulfilling the preferential offer related to Brazilian reinsurers, the insurance company must observe the percentage established in the current legislation, applicable to each automatic or optional contract. In addition, it establishes that insurance companies should submit to SUSEP, by March 31 of the following calendar year, technical justification for a percentage of reinsurance assignment in excess of 90%, considering the totality of their operations, per calendar year. In addition, reinsurance and retrocession operations carried out between companies linked or belonging to the same financial conglomerate must occur under balanced conditions of competition, and the parties involved will be responsible for demonstrating compliance with these conditions.
 CNSP Resolution No. 380/20 extended the list of entities that can purchase reinsurance, including: (i) Open Supplementary Pension Fund Entity (EAPC) (Article 2, paragraph 1); and (ii) Closed Supplementary Pension Fund Entity (EFPC) and operators of private health care plans (Article 2, paragraph 2). Although it was revoked by CNSP Resolution No. 451/22, the rules were maintained.
 
4.B.80 Taxes on our main transactions
 
4.B.80.01 Taxes on financial operations (IOF)
 
4.B.80.01-01 On loan operations
 Loans subject to IOF have as their taxable event the placement of the obligation amount or its delivery to borrowers.
 The rate applicable to loans and advances of any type, including credit opening, is 0.0041% per day to legal entity borrowers and 0.0082% to individual borrowers.
 The IOF on loans daily rate will be charged on principal available to borrowers regarding the loans and advances, whereby:
 
·                   for cases in which the amount of principal is determined, the IOF on loans daily rate shall not exceed                
    the amount resulting from the daily rate applied to each principal amount which is expected to be used for the transaction, multiplied
                                               by three hundred and sixty-five (365) days; and                                            
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·                   for cases in which the amount of principal is not determined before the transaction (revolving credit),                 
     the values of interest and charges that will use the limits of revolving credits, will be part of the principal amount, subject to IOF 
    on loans rates, so that the calculation base will comprise the sum of