RegAlert

Rule · BCB · 28 Oct 1976 · Carta Circular 197

Circular Letter No. 197 — Authorizes Market Rate Collection of 'Continuance Commission' on Discounted Securities Paid After Maturity

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Circular Letter No. 197 authorizes banking establishments to charge a continuance commission on discounted securities paid after maturity at the market rate on the payment date, in view of new provisions regarding interest and charges for active operations established in Resolution No. 389 of September 15, 1976. This authorization applies during the validity of the cited regulatory document. The circular further clarifies that other provisions of Circular Letter No. 82 of March 15, 1967, remain in force provided they do not conflict with the norms established herein.

BrazilBanco Central do Brasil

Circular Letter No. 197 of October 28, 1976.

CIRCULAR LETTER NO. 197

To Banking Establishments

We inform you that, in view of the new provisions regarding interest and charges for active operations, contained in item I of Resolution No. 389 of September 15, 1976, it is authorized, during the validity of the cited regulatory document, the collection, on discounted securities paid after maturity, of the "continuance commission" at the market rate on the payment date.

  1. We highlight, opportune, that the other provisions of Circular Letter No. 82 of March 15, 1967, remain in force, provided they do not conflict with the norms established herein.

Brasília (DF), October 28, 1976.

DEPARTMENT OF BANKING OVERSIGHT
Francisco de Assis Figueira — Head

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

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Lineage: Superseded

A newer document in RegAlert replaces this one.

Resolution No. 389 dated1976-09-15Not in RegAlertResolution No. 389 dated 1976-09-15 — Not in RegAlertCircular Letter No. 197 —Authorizes Market Rate Collec…1976-10-28 · this documentCircular Letter No. 197 — Authorizes Market Rate Collection of 'Continuance Commission' on Discounted Securities Paid After Maturity (1976-10-28)Resolution CMN No. 1129 -Financial Institutions - Permits …1986 · BCBResolution CMN No. 1129 - Financial Institutions - Permits Charging of Stay Commission (1986-05-15)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Issued under
  • Resolution No. 389 dated 1976-09-15Not in RegAlert

    “in view of the new provisions regarding interest and charges for active operations, contained in item I of Resolution No. 389 of September 15, 1976”

Timeline

Amended 1 time · last 1986-05-15

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