FGC advises 21 thousand creditors of Simpala after liquidation by the Central Bank; see what to do

Credit Guarantee Fund (FGC) Reproduction/Social Networks After the extrajudicial liquidation of Simpala S.A. Crédito, Financiamento e Investimento by the Central Bank this Friday (14), the Credit Guarantee Fund (FGC) published guidelines for customers who have money at the institution. According to the FGC, payment of the guarantee has not yet started. The process will begin as soon as the liquidator - the person appointed by the Central Bank to manage the liquidation - completes the collection of creditors' data and passes this information on to the fund. ??Do you have any reporting suggestions? Send it to g1 Simpala has an estimated base of 21 thousand creditors with deposits covered by the guarantee, totaling R$622 million. Who is entitled to the guarantee? The FGC informed that credits covered by its regulations may receive an ordinary guarantee of up to R$250,000 per person, considering the limits set for this type of protection. Central Bank decrees extrajudicial liquidation of two companies in the Simpala group. This means that customers with eligible deposits may be reimbursed up to this amount. BC approves stricter rules for the FGC after crisis with Master What do customers need to do? The FGC's guidance is that creditors should now complete a basic registration on the entity's official application, available for Android and iPhone cell phones. In a second stage, when the fund receives the official list of creditors, the payment request will be released. At this time, the beneficiary must confirm their identity and provide a bank account held by them to receive the deposit. Who is the Simpala Group? With a history of 50 years of operation, the Simpala Group has at least four companies focused on financial services. In addition to Simpala Financeira and Simpala Consórcios, which had their activities closed by the BC, the group also has Simpala Promotora, focused on credit intermediation, and Simpala Seguros — which, according to the company, has R$1 billion in insured assets. What is the FGC? The Credit Guarantee Fund is a private, non-profit entity created to protect depositors and investors when an associated financial institution undergoes intervention or is liquidated. Credit Guarantee Fund (FGC) Reproduction/LinkedIn The fund is maintained by monthly contributions from participating financial institutions and is responsible for paying the guarantees provided for in its regulations. While the settlement process progresses, the FGC advises that customers follow updates exclusively through its official channels and the entity's website.