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Rule · BCB · 21 Apr 1987 · Carta Circular 1608

Circular Letter No. 1.608: Exclusion of Resale-Commitment Operations from Minimum Investment Limit for Short-Term Investment Funds

securities

Institutions administering Short-Term Investment Funds must not count operations backed by Central Bank Bills and linked to resale commitments agreed under Resolution No. 1.088, of 30.01.86, when complying with the minimum limit of investments in Central Bank Bills. The clarification is based on item II of Resolution No. 1.199, of 10.10.86.

BrazilBanco Central do Brasil

CIRCULAR LETTER No. 1.608

CENTRAL BANK OF BRAZIL

To the Institutions Administering Short-Term Investment Funds

Based on the provisions of item II of Resolution No. 1.199, of 10.10.86, we clarify that, for the purpose of complying with the minimum limit of investments of Short-Term Investment Funds in Central Bank Bills, operations backed by such securities, linked to resale commitments agreed in accordance with the provisions of the Regulation annexed to Resolution No. 1.088, of 30.01.86, should not be computed.

Brasília (DF), 21 April 1987

DEPARTMENT OF CAPITAL MARKET NORMS
Gustavo Jorge Laboissière Loyola
HEAD

This text does not replace the one published in the DOU and in Sisbacen.

Circular Letter No. 1.608, of 21 April 1987

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Resolution No. 1,199 Approving theRegulation Governing the Constitu…1986 · BCBResolution No. 1,199 Approving the Regulation Governing the Constitution and Operation of Short-Term Investment Funds (1986-10-10)Circular Letter No. 1.608:Exclusion of Resale-Commitmen…1987-04-21 · this documentCircular Letter No. 1.608: Exclusion of Resale-Commitment Operations from Minimum Investment Limit for Short-Term Investment Funds (1987-04-21)
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