Circular Letter No. 2377 — Clarification on the Update of Limits for Operations within the Housing Finance System

CIRCULAR LETTER NO. 002377

CLARIFIES ON THE UPDATE OF THE LIMITS OF OPERATIONS CARRIED OUT WITHIN THE SCOPE OF THE HOUSING FINANCE SYSTEM.

CONSIDERING DOUBTS RAISED AS A RESULT OF THE PROVISIONS OF ARTICLE 1 OF CIRCULAR NO. 2,310, OF MAY 19, 1993, WE COMMUNICATE THAT CONTRACTS, WITH REGARD TO THE LIMITS AND CLASSIFICATIONS OF OPERATIONS DISCIPLINED IN THE REGULATION ANNEXED TO RESOLUTION NO. 1,980, OF APRIL 30, 1993, CARRIED OUT ON A DAY OF THE MONTH OTHER THAN THAT OF THE UPDATE OF THE STANDARD FINANCING UNIT (UPF), ARE ALSO SUBJECT TO THE PROVISIONS OF ARTICLE 2 OF THE SAME CIRCULAR, AND FOR THIS PURPOSE, THE PRO-RATA REFERENTIAL RATE (TR) RELATIVE TO THE DATE OF THE LAST UPDATE OF THE UPF, PER BUSINESS DAY ELAPSED, MUST BE USED.

BRASILIA (DF), JULY 1, 1993

DEPARTMENT OF NORMS OF THE FINANCIAL SYSTEM

SERGIO DARCY DA SILVA ALVES
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