Free Translation
LAW No. 10214 of March 27, 2001
Provides for the activities of clearing houses
and clearing service providers within the
scope of the Brazilian payment system, and
makes other provisions.
I hereby make known that the President of the Republic issued Provisional Measure 2115-16/01,
which was approved by the National Congress, and I, Jader Barbalho, President of the Federal
Senate, enacted the following Law for the purposes of the provisions set out in article 62, sole
paragraph of the Federal Constitution:
Article 1º - This Law regulates the activities of clearing houses and clearing service providers within
the scope of the Brazilian payment system.
Article 2º - The Brazilian payment system dealt with herein comprises the entities, systems and
procedures related to the transfer of funds and other financial assets, or to the processing, clearing
and settlement of any kind of payments.
Sole Paragraph - In addition to the clearing services for checks and other instruments, the
following systems are part of the Brazilian payment system, pursuant to the authorization granted to
the respective clearing houses or clearing service providers by the Central Bank of Brazil or the
Brazilian Securities Commission (Comissão de Valores Mobiliários), within their respective spheres
of authority:
I. - clearing and settlement of electronic debit and credit orders;
II. - transfer of funds and other financial assets;
III. - clearing and settlement of trades in securities;
IV. - clearing and settlement of trades on commodities and futures exchanges; and
V. - other systems, including those involving trades in financial derivatives, for which clearing
houses or clearing service providers have been authorized under this article.
Article 3º - Multilateral clearing of obligations is permitted at the same clearing house or clearing
service provider.
Sole Paragraph - For the purposes hereof, multilateral clearing of obligations is defined as the
procedure for verifying the sum of each