Circular Letter No. 2322 - Discloses Procedures Regarding Interbank Receipts and Difference Adjustment Documents (DAD) Transited in the Check and Other Paper Clearing Service

CIRCULAR LETTER NO. 002322

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

DISCLOSES PROCEDURES REGARDING INTERBANK RECEIPTS AND DIFFERENCE ADJUSTMENT DOCUMENTS (DAD) TRANSITED IN THE CHECK AND OTHER PAPER CLEARING SERVICE.

BASED ON CIRCULAR NO. 772, OF 08.04.83, AND MNI 6-2-1-30 WE COMMUNICATE THAT:

ART. 1. - THE INTERBANK RECEIPTS REFERRED TO IN ART. 4 OF CIRCULAR LETTER NO. 2,176, OF 06.06.91, SHALL BE EXCHANGED IN THE NIGHT SESSION AND MAY BE RETURNED FOR THE FOLLOWING REASONS:

I - REASON 42: WHEN EXCHANGED IN A SESSION OTHER THAN THE INDICATED ONE;

II - REASON 61: IF THE PURPOSE DIVERGES FROM REGULATED PURPOSES OR DOES NOT CONTAIN THE SIGNATURE AND IDENTIFICATION OF THE ISSUER, NAME, AND CGC.

ART. 2. - IN CASES OF ADJUSTMENT OF DIFFERENCES EFFECTUATED THROUGH THE ISSUANCE OF A DIFFERENCE ADJUSTMENT DOCUMENT (DAD), AS REFERRED TO ITEM III OF ARTICLE 2 OF CIRCULAR LETTER NO. 2,303, OF 14.08.92, AND PROVIDED THAT THE REMITTING BANK IS NOT THE INJURED PARTY, THE ADJUSTMENT FOR ANY DAMAGES SHALL BE MADE BETWEEN THE PARTIES, VIA NEGOTIABLE REMUNERATION, WITHIN THE LIMITS CURRENTLY IN FORCE IN THE MARKET.

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

ART. 4. - CIRCULAR LETTER NO. 2,183, OF 01.07.91, IS HEREBY REVOKED.

BRASILIA (DF), OCTOBER 01, 1992.

DEPARTMENT OF BANKING OPERATIONS

MARCELO MARTINS CURVELO
HEAD