Related Party Transactions
Rule 12g3 2(b) Exemption # 82-35186
Free English Translation
Notice on Transaction with Related Party (CVM Resolution 80/2022
Following next, the detailing required by Appendix F (art. 2) to CVM Resolution 80, as of 03/29/2022.
I - transaction description, including:
a) the parties and their relation with BB; and | BB Corretora de Seguros e Administradora de |
Bens S.A. (BB Corretora): indirectly Controlled | |
company; | |
Brasilseg Companhia de Seguros (Brasilseg): | |
Affiliated company; | |
Aliança do Brasil Seguros S.A, (Aliança do Brasil): | |
Affiliated company; | |
Alelo Instituição de Pagamento S.A. ("Alelo"): | |
Affiliated company. | |
b) the object and main terms and conditions. | Execution by the parties listed above of the |
Specific Operational Agreement ("Agreement") for | |
the distribution of Brasilseg and/or Aliança do | |
Brasil (together, "Brasilseg") insurance products | |
through Alelo channels, with the intermediation of | |
BB Corretora de Seguros e Administradora de | |
Bens S.A. | |
The Agreement has within its object the | |
distribution of insurance products of Brasilseg by | |
Alelo's salesforce, bundled with benefit products | |
already offered by Alelo, with the intermediation of | |
BB Corretora. | |
The Agreement establishes the rights and duties | |
of the parties related to the distribution of | |
insurance products to Alelo's customers, and the | |
remuneration to be paid by Brasilseg to BB | |
Corretora as a percentage of the insurance | |
premiums written. |
II - if, when and how the transaction counterpart, their partners or managers took part in the process:
a) of BB's decision on the transaction, describing Not applicable. this participation; and
- of the transaction negotiation as BB's Not applicable. representants, describing this participation;
- - detailed explanation of the reasons why BB's management considers that the transaction has observed commutative conditions or provides for an appropriate compensatory payment, informing, for example:
a) whether BB has requested proposals, | Not applicable. |
undertaken any price-taking procedure, or | |
otherwise attempted to carry out the transaction | |
with third parties, explaining, if not, the reasons | |
why it did not do so or, if so, the procedures | |
performed and their results | |
b) the reasons that led BB to carry out the | Not applicable. |
transaction with the related party and not with third | |
parties; and | |
c) a detailed description of the measures taken and | Not applicable. |
procedures adopted to ensure the operation | |
commutativity. |
If the transaction is a loan granted by BB to the related party, the information provided must necessarily include:
I - an explanation of the reasons why BB chose to | Not applicable. |
grant it, indicating any guarantees required; | |
II- analysis of the borrower's credit risk, including an | Not applicable. |
independent risk classification, if any; | |
III - description of the way in which the interest rate | Not applicable. |
was fixed, considering free risk market rate and the | |
borrower's credit risk; | |
IV - comparison between the loan's interest rate | Not applicable. |
Related Party Transactions
Rule 12g3 2(b) Exemption # 82-35186
Free English Translation
and other similar applications on the market, | |
explaining the reasons for possible discrepancies; | |
V - comparison between the loan's interest rate and | Not applicable. |
the rates of other loans received by the borrower, | |
explaining the reasons for possible discrepancies; | |
VI - description of the impact of the transaction on | Not applicable. |
the financial liquidity condition and the BB's | |
indebtedness level. |
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Banco do Brasil SA published this content on 05 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2022 12:01:11 UTC.