The Credit Guarantee Fund (FGC) received the list of creditors from Banco Master and could begin, this week, reimbursements for those who had assets in the institution.
For payments to begin, it was necessary for the “liquidator”, responsible for closing the bank’s activities, to provide the complete list of creditors. With the list in hand, the FGC needs two business days to start the transfers.
The fund is checking the integrity of the list and, if it identifies inconsistencies, returns the document to the liquidator for corrections. This process can be repeated a few times until the relationship is completely finalized.
The operation involves around 1.6 million creditors, including individuals and legal entities, with amounts totaling R$41 billion, the largest action of this type in the history of the FGC. According to the fund’s rules, deposits and investments are guaranteed up to R$250,000 by CPF or CNPJ.
The FGC emphasizes that the start of payments also depends on creditors requesting the guarantee. Currently, it is possible to make a basic registration through the fund’s application or website, and users will soon be able to make a redemption request.
