Circular Letter No. 2.836

CIRCULAR LETTER No. 002836 ------------------------ Defines schedule for implementation of electronic return of documents in the Check and Other Instruments Clearing Service (SCCOP). We inform that, taking into account the provisions of Circular No. 772, of 08.04.83, and art. 2 of Circular No. 2.398, of 29.12.93: I - the financial institutions participating in the SCCOP must carry out the return of checks by electronic means, observing the following schedule: a) from 09.04.99, for checks up to the limit value defined for exchange in the specific sessions; b) from 07.05.99, for checks above the limit value defined for exchange in the specific sessions. II - The SCCOP Executant is tasked with disseminating the procedures and routines necessary for compliance with the provisions of this Circular Letter. 2. This Circular Letter enters into force on the date of its publication. Brasilia, 10 February 1999. DEPARTMENT OF BANKING OPERATIONS Luis Gustavo da Matta Machado Unit Head