Rule · BCB · 25 Mar 1999 · Carta Circular 2843
Sets maximum applicable percentages per year for interest rate equalization under PROEX, scaled by financing term: 1.0% up to 6 months, 2.0% above 6 months to 1 year, and rising by 0.2 points per additional year, reaching 3.8% above 9 years to 10 years. It enters into force on publication and revokes Circular Letter No. 2.601 of 29.11.1995.
CIRCULAR LETTER No. 002843 ------------------------ Establishes percentages applicable to the interest rate equalization modality within the scope of the Export Financing Program - PROEX. Having regard to the provisions of the sole paragraph of article one of Resolution No. 2.576, of 17.12.1998, we bring to the attention of interested parties the percentages applicable to the interest rate equalization modality within the scope of PROEX: Financing with equalizable term Maximum applicable percentage (% per year) of up to 6 months 1.0 above 6 months and up to 1 year 2.0 above 1 year and up to 2 years 2.2 above 2 years and up to 3 years 2.4 above 3 years and up to 4 years 2.6 above 4 years and up to 5 years 2.8 above 5 years and up to 6 years 3.0 above 6 years and up to 7 years 3.2 above 7 years and up to 8 years 3.4 above 8 years and up to 9 years 3.6 above 9 years and up to 10 years 3.8 2. This Circular Letter enters into force on the date of its publication. 3. Circular Letter No. 2.601, of 29.11.1995, is revoked. Brasilia, 25 March 1999. EXCHANGE DEPARTMENT Jose Maria Ferreira de Carvalho Head
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“Circular Letter No. 2.843, of 25 March 1999, is revoked.”
“Circular Letter No. 2.601, of 29.11.1995, is revoked.”
“Having regard to the provisions of the sole paragraph of article one of Resolution No. 2.576, of 17.12.1998”
Amended 1 time · last 1999-11-19
This document supersedes: Circular Letter No. 2601 — Establishes the percentages applicable to the equalization modality within the Export Financing Program - PROEX
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