RegAlert

Rule · BCB · 9 Dec 1988 · Carta Circular 1867

Circular Letter No. 1,867 — Sets Deadlines for Compensation of Checks and Payment Order Receipts Liquidated via the National Compensation System

payments

Circular Letter No. 1,867 establishes that checks and payment order receipts liquidated through the National Compensation System must be exchanged in the capital of the State of São Paulo or in any headquarters of an Integrated Regional System where the drawee establishments are represented in the respective clearinghouse. It mandates that these documents bear a special stamp on the reverse containing the exchange location, date, sender name, code number, and a specific declaration. The circular revokes Circular Letter No. 1,635 and sets the effective date for these measures as December 19, 1988.

BrazilBanco Central do Brasil

Circular Letter No. 1,867, of December 9, 1988

CIRCULAR LETTER NO. 1,867

To Financial Institutions Participating in the Check and Other Papers Compensation Service

We communicate that checks and payment order receipts liquidated through the National Compensation System must be exchanged in the normal exchange sessions held:

a) in the capital of the State of São Paulo; b) in any headquarters of an Integrated Regional System, provided that the drawee establishments are represented in the respective clearinghouse.

  1. We inform that the aforementioned documents must receive a special stamp on the reverse, containing the name of the place where the exchange must be carried out and the date on which they are being exchanged, in addition to the name of the Sender, their code number, and the declaration "Liquidation through the Check and Other Papers Compensation Service".

  2. The deadlines for the return of checks compensable through the National System are those contained in the attached document.

  3. Circular Letter No. 1,635, of May 28, 1987, is hereby revoked.

  4. The measures now published will come into force as of December 19, 1988.

Brasília (DF), December 9, 1988

BANKING OPERATIONS DEPARTMENT

Nilton Junqueira

ACTING CHIEF

This text does not replace that published in the DOU and in Sisbacen

Circular Letter No. 1,867, of December 9, 1988

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Annotations and obligations
3 obligations · 4 definitions
  • Obligation 3
  • Definition / condition 4
  • background, boilerplate

Lineage: Superseded

A newer document in RegAlert replaces this one.

Circular Letter No. 1635 —Establishes Deadlines for Checks …1987 · BCBCircular Letter No. 1635 — Establishes Deadlines for Checks and Payment Orders Processed via the National Clearing System and Regarding Improperly Exchanged or Returned Documents (1987-05-28)Circular Letter No. 1,867 —Sets Deadlines for Compensati…1988-12-09 · this documentCircular Letter No. 1,867 — Sets Deadlines for Compensation of Checks and Payment Order Receipts Liquidated via the National Compensation System (1988-12-09)Circular No. 2315 — Reduces theblocking and exchange periods for…1993 · BCBCircular No. 2315 — Reduces the blocking and exchange periods for checks cleared by the National Clearing System (1993-05-26)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Superseded by
Supersedes

Timeline

Amended 1 time · last 1993-05-26

This document supersedes: Circular Letter No. 1635 — Establishes Deadlines for Checks and Payment Orders Processed via the National Clearing System and Regarding Improperly Exchanged or Returned Documents

What changed in the obligations

Against Circular Letter No. 1635 — Establishes Deadlines for Checks and Payment Orders Processed via the National Clearing System and Regarding Improperly Exchanged or Returned Documents (1987-05-28)

3 not carried over

2 obligations are the same in both texts.

Not carried over (3)
  • 2. The values related to checks payable through the National Clearing System may be recorded in the subsection "Specific Exchange Session" of account 4.03.27.00–4 – PAYMENT CLEARING – YOUR REMITTANCE, of the Chart of Accounts for Commercial Banks (COBAN), in accordance with the provisions of Circular Letter No. 1,359, of February 25, 1986.
  • 4. Subject to the provisions in the following item, document returns must be carried out in the night exchange session and their values included in the financial result to be accounted for on the first business day following.
  • 5. Documents improperly exchanged and/or returned may be returned and/or challenged in the specific exchange session of the first business day following, with accounting of the financial result on the same day of such return and/or challenge.

“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.

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