Circular Letter No. 2.863

CIRCULAR LETTER No. 002863 ------------------------ Amends the criteria for composition of the Consultative Group for Clearing Matters. We inform that, taking into account the provisions of Circular No. 772 of 8 April 1983, the wording of the Manual of Norms and Instructions of the Central Bank of Brazil (MNI) 6-2-2 is amended, as per the annex. 2. This Circular Letter enters into force on the date of its publication. 3. Circular Letter No. 2.220 of 2 October 1991 is revoked. Brasília, 9 July 1999 DEPARTMENT OF BANKING OPERATIONS Luis Gustavo da Matta Machado Head of Unit Annex to Circular Letter No. 2.863 of 9 July 1999 TITLE: SPECIAL REGULATIONS AND PROVISIONS - 6 CHAPTER: Check and Other Paper Clearing Service - 2 SECTION: Consultative Group for Clearing Matters - 2 (*) __________________________________________________________________ 1 - The Consultative Group for Clearing Matters (COMPE Group) is constituted by the Central Bank of Brazil to advise on issues related to the Check and Other Paper Clearing Service (SCCOP). (Cta-Circ 2863 1) 2 - The COMPE Group shall: (Cta-Circ 2863 1) a) express its opinion on matters related to the SCCOP, when requested by the Central Bank of Brazil/Banking Department (DEBAN) or by Banco do Brasil S.A. (Executant); (Cta-Circ 2863 1) b) submit, on its own initiative, to DEBAN or to the Executant, according to the nature of the matter, studies or suggestions aimed at the continuous improvement of the SCCOP; (Cta-Circ 2863 1) c) observing the necessity and convenience: (Cta-Circ 2863 1) I - constitute subgroups of its members, on a permanent or temporary basis, to collaborate in the study and assessment of specific matters; (Cta-Circ 2863 1) II - create, in each headquarters city of a Regional Integrated Clearing System (SIRC), under the coordination of the Executant, an Evaluation and Performance Group (GAD), with the objective of monitoring the operation of the respective Service and providing input for the work and studies to be developed by the COMPE Group; (Cta-Circ 2863 1) d) prepare its internal rules. (Cta-Circ 2863 1) 3 - The COMPE Group is composed of the following members: (Cta-Circ 2863 1) a) a representative of the Central Bank of Brazil/DEBAN, as an observer; (Cta-Circ 2863 1) b) a representative of the Executant, with the duties of coordinator; (Cta-Circ 2863 1) c) a representative of the National Federation of Banks (FENABAN)/Brazilian Federation of Bank Associations (FEBRABAN); (Cta-Circ 2863 1) d) a representative of the Brazilian Association of State and Regional Banks (ASBACE); (Cta-Circ 2863 1) e) a representative of the Brazilian Association of Commercial and Multiple Banks (ABBC); (Cta-Circ 2863 1) f) a representative of the Brazilian Association of International Banks (ABBI); (Cta-Circ 2863 1) g) seven representatives appointed by the entities FENABAN/FEBRABAN, ABBC, ABBI and ASBACE, jointly, through a process coordinated by the Executant, selected according to the total number of
documents sent and received, via SCCOP, as follows: (Cta-Circ 2863 1) I - one representative of institutions participating in the SCCOP among those with small volume; (Cta-Circ 2863 1) II - three representatives of institutions participating in the SCCOP among those with medium volume; (Cta-Circ 2863 1) III - three representatives of institutions participating in the SCCOP among those with large volume. (Cta-Circ 2863 1) 4 - Participants are classified as small, medium or large volume, according to the percentage of representativeness of each participant in relation to the total number of documents sent and received, via SCCOP, in the previous year, by all participants, observing the following criterion: (Cta-Circ 2863 1) a) small volume: up to 0.5%; (Cta-Circ 2863 1) b) medium volume: above 0.5% and up to 5%; (Cta-Circ 2863 1) c) large volume: above 5%. (Cta-Circ 2863 1) 5 - The Executant shall disclose, in the month of February of each year, the list of participants in the SCCOP, containing, at a minimum, the name, the quantity of documents sent and received and the respective percentage of representativeness, with classification in descending order, by said percentage. (Cta-Circ 2863 1)