Pontuais alterações na estrutura do SPB para implantar o SPI/Pix e seus benefícios para a população

Abstract

Based on a bibliographic review and analysis of regulatory changes to establish the Brazilian Instant Payment System-SPI and Pix, it was concluded that the additional time after the closing of the Reserve Transfer System (STR) to transfer money from open accounts at BACEN to the Instant Payment Account (PI Account), the central directory that registers keys chosen by Pix users and the possibility of covering the negative balance of the PI Account by private investors are new instruments within the scope of the National Financial System (SFN). However, the changes processed, for the most part, are improvements to mechanisms usually known to the Brazilian Payment System (SPB), such as the PI Account, evolution of the Bank Reserve Account, Settlement and Electronic Currency. Transfers of financial resources and payments settled at the time they are commanded, if balance is available, are tools widely used in the STR. The loan granted by BACEN to financial institutions for rediscounting federal public securities and the permission to use the compulsory reserves until a certain time, are usual SFN liquidity provisioning devices. More significant impacts of SPI and Pix occur in other dimensions, by enabling creditors to receive financial resources at any time of the day, throughout the year, directly in their bank or payment account, at the time of command of the credit order and that unauthorized agents can act as indirect participants in the SPI, creating conditions to expand access and competitiveness in the Brazilian financial market.