Circular Letter No. 2.881

CIRCULAR LETTER No. 002881 ------------------------ Establishes maximum percentages applicable to the interest rate equalization modality within the scope of the Export Financing Program - PROEX. Having regard to the provisions of art. 1 of Resolution No. 2.576, of 17 December 1998, as amended by Resolution No. 2.667, of 19 November 1999, we bring to the attention of interested parties the maximum 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 0.5 over 6 months and up to 1 year 1.0 over 1 year and up to 2 years 1.1 over 2 years and up to 3 years 1.2 over 3 years and up to 4 years 1.3 over 4 years and up to 5 years 1.5 over 5 years and up to 6 years 1.7 over 6 years and up to 7 years 1.9 over 7 years and up to 8 years 2.1 over 8 years and up to 9 years 2.3 over 9 years and up to 10 years 2.5 2. This Circular Letter enters into force on the date of its publication. 3. Circular Letter No. 2.843, of 25 March 1999, is revoked. Brasilia, 19 November 1999. EXCHANGE DEPARTMENT Jose Maria Ferreira de Carvalho Head