Central Bank Introduces Duplicate Script to Facilitate Business Loans Starting in 2027

Summary

• The Central Bank officially introduced the Duplicate Scripture on Tuesday, the 30th.
• The system is currently in the testing phase and is expected to handle R $ 11 trillion in receivables.
• Large corporations must be part of the membership program starting in June 2027.
• Average companies are required to join by December 2027, while small companies must do so by June 2028.
• About 2 million identical businesses will be affected by the alteration.

The Brazilian credit market for companies enters a new stage with the official introduction of the Duplicate deed, as per the Brazilian Agency’s announcement made by the Central Bank on Tuesday.

The tool will be gradually implemented until June 2028 and fully digitizes the traditional document used for sales transactions between businesses.

The new model enables every operation stage, from issuance to payment, trading, and collateral use in loans, to be electronically recorded in systems approved by the Central Bank.

The goal is to enhance operational security, minimize fraud, and expand credit access, especially for small and medium-sized businesses.

What is different with the duplicate of the scripture?

The duplicate is a document that formalizes a financial obligation between businesses involved in sales transactions with deferred payment.

Until that time, some of these procedures still relied on hard-copy documents, dispersed records, and manual methods.

This model, as stated by the Central Bank, led to issues such as conflicting data, multiple negotiations of the same receivable, and challenges in verifying the credit’s existence.

Now, the complete title history will be documented in a digital setting using the scriptural copy, enabling improved oversight of each transaction.

The new system has several key advantages, including:

• increased openness in procedures;
• receivables traceability
• Fraud reduction.
• enhanced safety for companies and financial establishments
• quicker and more uniform procedures.

Increased transparency in activities.

Receivables traceability.

fraud reduction

enhanced security for businesses and financial entities;

Quicker and more uniform procedures.

Credit can become more cost-effective.

The new tool is expected to make it easier for small and medium-sized businesses to access credit, in addition to modernizing the market.

Digitally recorded receivables can be utilized more conveniently as collateral in financial transactions or for obtaining resources in advance. Moreover, banks and other institutions will possess additional data to assess the value of these assets and determine associated risks.

This setting is likely to boost trust in transactions and encourage competition among lenders, according to the Central Bank’s assessment.

The market experiences a value shift of R$ 11 trillion.

The anticipation is for the copied text to reach a broad audience.

The system should encompass, as stated by the Central Bank.

• Operations totaling R$ 11 trillion.
• Approximately 2 million companies that are duplicates.
• Approximately 18,000 major companies are in the status of being sackers.

Operations amounting to R$ 11 trillion.

About 2 million companies that are identical.

Approximately 18,000 major corporations are in a state of receivership.

Implementation will occur slowly over time.

The introduction of the copied text will be increased in the upcoming years. A trial period will take place to confirm the effectiveness of the new digital environment before it becomes compulsory.

The timetable issued by the Central Bank offers:

• Large companies are required to comply starting in June 2027.
• In December 2027, medium-sized companies will be included.
• Small businesses are required to comply starting in June 2028.

Large companies are required to comply starting in June 2027.

December 2027: incorporation of mid-sized businesses.

Small businesses are required to comply starting in June 2028.

Risk mitigation

Another aim of the initiative is to decrease ongoing issues in the receivables market.

Banks, funds, and investors will have increased security in providing credit by verifying if a duplicate has been used elsewhere and confirming the authenticity and status of each title through the electronic record.

Experts stress that technology does not entirely remove risks, so companies will still need to uphold structured financial management practices, including maintaining fiscal notes, contracts, and consistent accounting records.

Companies must adjust their processes.

The adoption of the scripture duplicate will necessitate adjustments in the operational processes of various departments to ensure synchronization of all receivables-related information.

The Central Bank sees digitization as a way to modernize the Brazilian credit market, enhancing transparency, efficiency, and accessibility for companies of various sizes.

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