Circular Letter No. 2412 — Creates accounting subcategories in COSIF and alters the function of the mentioned title

CIRCULAR LETTER NO. 002412

Creates accounting subcategories in COSIF and alters the function of the mentioned title.

Based on item 4 of Circular No. 1,540, of 10/06/1989, we communicate that:

Art. 1. The following subcategories are created under the title FOREIGN CURRENCY DEPOSITS IN THE COUNTRY of the Accounting Plan of the Institutions of the National Financial System - COSIF, with UBILNZ attributes, code ESTBAN 418 and publication code 411.

4.1.8.10.10-1 "Special Accounts".

4.1.8.10.20-4 Earnings from "Special Accounts".

4.1.8.10.90-5 Others.

1. "Special Accounts" are understood to be the accounts
   destined to record the special loans or credits granted by International Financial Organizations or by Foreign Governmental Agencies to institutions of the Direct and Indirect Administration of the federal, state, municipal and Federal District areas.

2. The subcategory 4.1.8.10.10-1 is intended to accommodate
   the records related to the movement of principal values of the "Special Accounts".

3. The subcategory 4.1.8.10.20-4 is intended to accommodate
   the records related to the movement of any earnings accrued on the principal values of these accounts.

4. The subcategory 4.1.8.10.90-5 is intended to accommodate
   the records related to the movement of other deposits in foreign currency in the Country.

Art. 2. The balance presented in the title in question must be transferred to the subcategory 4.1.8.10.90-5, now created.

Art. 3. The function of the title in question is altered, as follows:

FUNCTION:

Record the movement of accounts in foreign currencies opened, in the Country, in the name of embassies; foreign legations and international organizations; as well as in the name of companies foreign international transport; of companies located in export processing zones; of entities of the direct and indirect public administration of the federal, state, municipal and Federal District areas, beneficiaries of credits or borrowers of loans granted by international financial organizations or foreign governmental agencies; and others admitted by current legislation.

Art. 4. This Circular Letter enters into force on the date of its publication.

Brasilia (DF), October 01, 1993

DEPARTMENT OF NORMS OF THE SYSTEM DEPARTMENT OF EXCHANGE FINANCIAL

Sergio Darcy da Silva Alves Jose Maria Ferreira de Carvalho HEAD HEAD, in office