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1987-07-23 | Carta Circular 1680

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Circular Letter No. 1680 — Establishes the Return Period for Checks Processed in Regional Integrated Clearing Systems Effective August 3, 1987

The document mandates that check return sessions in Regional Integrated Clearing Systems be divided into two stages: an afternoon stage for mandatory returns from head-office branches and optional returns from centralized-practice branches, followed by a second stage exclusively for returns from centralized-practice branches. It sets the maximum limit for checks payable in specific sessions at Cz$ 5,999.99 across all such systems. These measures become effective on August 3, 1987, and revoke items 4 and 5 of Circular Letter No. 1,635 and Circular Letter No. 1,646.

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Annotated text · 5 obligations · 1 permission · 0 reporting items
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CIRCULAR LETTER NO. 1,680

To Institutions Participating in the Check and Other Paper Clearing Service

We communicate that in the Regional Integrated Clearing Systems, the return session must be divided into two stages:

a) In the first stage, to be carried out in the afternoon, the following are returned:
I — mandatorily, all documents challenged by bank agencies located in the home markets of the Systems; II — optionally, any documents challenged by bank agencies located in the centralized markets;

b) In the second stage, only documents challenged by bank agencies located in the centralized markets may be returned.

  1. We also communicate that the limit value of checks to be presented in the specific sessions, as provided for in MNI 4-3-6-6, is fixed at up to Cz$ 5,999.99 (five thousand, nine hundred and ninety-nine cruzados and ninety-nine centavos) for all Regional Integrated Clearing Systems.

  2. The measures hereby authorized shall enter into force starting on 03.08.87.

  3. Items 4 and 5 of Circular Letter No. 1,635, dated 28.05.87, and Circular Letter No. 1,646, dated 12.06.87, are hereby revoked.

Brasília (DF), July 23, 1987.

BANKING OPERATIONS DEPARTMENT
Nilton Junqueira
CHIEF, Acting

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

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Lineage: Superseded

Circular Letter No. 1635 dated …Circular Letter No. 1635 dated 1987-05-28Circular Letter No. 1646 dated …Circular Letter No. 1646 dated 1987-06-12Circular Letter No. 1680 —Establishes the Return Period…1987-07-23 · this documentCircular Letter No. 1680 — Establishes the Return Period for Checks Processed in Regional Integrated Clearing Systems Effective August 3, 1987 (1987-07-23)Circular Letter No. 3173 — Disc…2005Circular Letter No. 3173 — Discloses Procedures Regarding Payment Instruments, Interbank Settlement of Checks and Collection Slips, and the Centralizer of Check and Other Papers Clearing (Compe) (2005-02-28)
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Amended 1 time · last 2005-02-28

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