Put Marcos Francisco Vilas Bôas Buzo – 15/04/2020 The Central Bank of Brazil (“BCB”) published, on April 9, 2020, according to Circular No. 4,000, the permission for credit unions to issue Real Estate Credit Letters (“LCI”) to raise funds. Initially, trading of LCIs should be limited to its members; such securities may be traded to non-members on the secondary market after their issuance. Our office is available to assist you in structuring and issuing LCIs and other securities.