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

  1. of the transaction negotiation as BB's Not applicable. representants, describing this participation;
  1. - 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.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.