Circular Letter No. 2233 - Check Clearing Service - Establishes New Operational Procedures for the Service

CIRCULAR LETTER NO. 002233

TO
THE FINANCIAL INSTITUTIONS PARTICIPATING IN THE CHECK CLEARING SERVICE AND OTHER DOCUMENTS.

CHECK CLEARING SERVICE AND OTHER DOCUMENTS - ESTABLISHES NEW OPERATIONAL PROCEDURES FOR THE SERVICE.

WE COMMUNICATE THAT, BASED ON CIRCULAR NO. 772, OF 08.04.83, AND ON MNI 6-2-1-30, THE FOLLOWING PROCEDURES ARE ESTABLISHED TO BE OBSERVED IN THE CHECK CLEARING SERVICE AND OTHER DOCUMENTS:

ART. 1. - CHECKS LIQUIDABLE THROUGH THE NATIONAL CLEARING SYSTEM MAY BE EXCHANGED TOGETHER WITH THE OTHER CHECKS IN NORMAL AND SPECIFIC SESSIONS ACCORDING TO THEIR VALUE, THEREBY DISPENSING WITH THE USE OF SPECIAL ENVELOPES.

SINGLE PARAGRAPH. THE RETURN DEADLINES REFERRED TO IN MNI 6-2-4-2 SHALL BE COUNTED FROM THE DATE OF EXCHANGE, INCLUSIVE, FOR CHECKS EXCHANGED IN SPECIFIC SESSIONS, AND FOR THOSE EXCHANGED IN NORMAL SESSIONS, FROM THE FIRST BUSINESS DAY FOLLOWING THE DATE OF EXCHANGE.

ART. 2. - BANCO DO BRASIL S.A., IN ITS CAPACITY AS THE EXECUTOR OF THE SERVICE, SHALL DEFINE THE DATE FOR IMPLEMENTATION OF THE NEW PROCEDURES.

ART. 3. - THIS CIRCULAR LETTER ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

ART. 4. - ARTICLE 2 OF CIRCULAR LETTER NO. 2,183, OF 01.07.91, IS REVOKED, AND, AS A CONSEQUENCE, MNI 6-2-3-18-A IS AMENDED, TO BE PUBLISHED AT AN APPROPRIATE TIME.

BRASILIA(DF), NOVEMBER 12, 1991.

DEPARTMENT OF BANKING OPERATIONS

MARCELO MARTINS CURVELO
HEAD