Circular Letter No. 2.510

CIRCULAR LETTER No. 002510 ------------------------ Discloses new Statement of Amounts Due - Deposit Resources and Pledged Guarantees referred to in Circulars Nos. 2.476, 2.498 and 2.507, of 08.09.94, 20.10.94 and 11.11.94, respectively, and provides other clarifications. Taking into account the issuance of Circular No. 2.498, of 08.09.94, which instituted compulsory collection/mandatory deposit on resources recorded under the heading "Contracts of Assumption of Obligations", with the amendments introduced by Circular No. 2.507, of 11.11.94, we clarify that, for purposes of calculating the collection requirement, the following must be observed: I - the financial institutions listed in art. 1 of Circular No. 2.476, of 08.09.94, must deliver, to the Regional Office where they are subject, the "Statement of Amounts Due - Deposit Resources and Pledged Guarantees", according to the attached model, observing the deadlines established in the referred Circular. II - the financial institutions subject to the provisions of Circular No. 2.377, of 10.11.93, must provide the information relating to the daily balances of the resources in question through transaction PRES520 of the Central Bank Information System (SISBACEN), observing the deadlines established in the referred Circular. 2. The collection requirement calculated for the resources of "Contracts of Assumption of Obligations" will be one of the components of the requirement on demand resources, subject of Circular No. 2.377, and of the requirement on deposits and pledged guarantees, referred to in Circular No. 2.476, and therefore the rules established in the mentioned regulations must be observed, for purposes of compliance with that requirement. 3. The portion of the requirement to be fulfilled in securities, as provided in Circular No. 2.507, of 11.11.94, will be registered by the Regional Office where the institution is subject, it being clarified that the corresponding amount will be an integral part of its "Bank Reserves", and for this purpose the following procedures must be observed: I - Only linkages/unlinkings of securities on the first day of the movement period will be admitted; II - For purposes of compulsory collection/mandatory deposit, the financial value of the linked securities will remain unchanged during the adjustment period, regardless of the variation of the Unit Price (PU) of the security; III - The institution must inform the Regional Office, by sixteen hours of the adjustment date, the financial value relating to the linked/unlinked securities. 4. Exceptionally, the information relating to the period from 07 to 11.11.94, for the institutions subject to the collection referred to in Circular No. 2.476, may be provided to the Regional Office where the financial institution is subject until the date of the respective adjustment (18.11.94). 5. Circular Letter No. 2.509, of 10.11.94, is revoked. Brasilia, 16 November 1994 DEPARTMENT OF BANKING OPERATIONS Luis Gustavo da Matta
Machado Head Attachment to Circular Letter No. 2.510, of 16.11.94 DOCUMENT IDENTIFICATION ------------------------------------------- :01 CADOC CODE :02 ORDER NO. : : : : ------------------------------------------- COMPULSORY COLLECTION STATEMENT OF AMOUNTS DUE - DEPOSIT RESOURCES AND PLEDGED GUARANTEES CALCULATION PERIOD ---------------------------------- :03 START DATE :04 END DATE : : : : ---------------------------------- INSTITUTION IDENTIFICATION VALUES IN R$ 1.00 ------------------------------------------------------------------- :05 NAME : 06 CGC : : : : ------------------------------------------------------------------- VALUES SUBJECT TO COLLECTION ---------+-------------+-------------+-------------+--------------- :07 DATE :08 D.D.EXT. :09 D.OBLIG. :10 D.LINK. :11 G.PLEDGED : :--------+-------------+-------------+-------------+--------------: : : : : : ::- -------+-------------+-------------+-------------+--------------: : : : : : : :--------+-------------+-------------+-------------+--------------: : : : : : : :--------+-------------+-------------+-------------+--------------: : : : : : : :--------+-------------+-------------+-------------+--------------: : : : : : : :--------+-------------+-------------+-------------+--------------: :TOTAL :12 :13 :14 :15 : :--------+-------------+-------------+-------------+--------------: :AVERAGE :16 :17 :18 :19 : ------------------------------------------------------------------- CONTRACTS OF ASSUMPTION OF OBLIGATIONS - CONTRACTED OPERATIONS ------------------------------------------------------------------- :20 DATE :21 UNTIL 11.11.94 :22 FROM 14.11.94 : :--------+------------------------+-------------------------------: : : : : :--------+------------------------+-------------------------------: : : : : :--------+------------------------+-------------------------------: : : : : :--------+------------------------+-------------------------------: : : : : :--------+------------------------+-------------------------------: : : : : :--------+------------------------+-------------------------------: :TOTAL :23 :24 : :--------+------------------------+-------------------------------: :AVERAGE :25 :26 : ------------------------------------------------------------------- CALCULATION OF REQUIREMENT ------------------------------------------------------------------- :100% OF THE SUM OF FIELDS 16, 17 AND 18 :27 : :---------------------------------------------------+-------------: :60% OF FIELD 19 :28 : :-----------------------------------------------------------------: :PERCENTAGE OF FIELD 25, ACCORDING TO INSTR. FILLING :29 : :---------------------------------------------------+-------------: :60 % OF FIELD 26 :30 : :---------------------------------------------------+-------------: :REQUIREMENT C.A.O. IN CASH (MINIMUM 2/3 OF FIELD 29):31 : :---------------------------------------------------+-------------: :TOTAL REQUIRED IN CASH (FIELDS 27+28+30+31) :32 :
:---------------------------------------------------+-------------: :TOTAL REQUIRED (FIELDS 27+28+29+30) :33 : ------------------------------------------------------------------- COMPLIANCE WITH THE REQUIREMENT ------------------------------------------------------------------- :MAXIMUM C.A.O. IN SECURITIES (1/3 OF FIELD 29) :34 : :---------------------------------------------------+-------------: :AMOUNT PLEDGED IN THE PREVIOUS ADJUSTMENT, UPDATED :35 : :---------------------------------------------------+-------------: :MAXIMUM TO PLEDGE SEC. (FIELDS 34 - 35, IF POSITIVE) :36 : :---------------------------------------------------+-------------: :MINIMUM TO UNPLEDGE SEC.(FIELDS 35 - 34, IF POSITIVE):37 : :---------------------------------------------------+-------------: :MINIMUM C.A.O. IN CASH (2/3 OF FIELD 29) :38 : :---------------------------------------------------+-------------: :AMOUNT COLLECTED IN THE PREVIOUS ADJUSTMENT IN CASH :39 : ------------------------------------------------------------------- NET MOVEMENT REQUESTED FOR THE ADJUSTMENT DATE ------------------------------------------------------------------- :PLEDGE SECURITIES (UP TO THE AMOUNT OF FIELD 36) :40 : :---------------------------------------------------+-------------: :UNPLEDGE SECURITIES (UP TO THE AMOUNT OF FIELD 37) :41 : :---------------------------------------------------+-------------: :COLLECT (+) OR RELEASE (-) IN CASH :42 : : (AT MINIMUM: FIELDS 33 - 35 - 39 - 40 + 41) : : ------------------------------------------------------------------- DECLARATION ------------------------------------------------------------------- :The signatories of this document are responsible for the veracity: :of the elements and data contained herein and for the full compatibility: :of the declared positions with the institution's records. : :-----------------------------------------------------------------: :43 SIGNATURE, NAME AND POSITION :44 CPF : : : : :------------------------------------------+----------------------: :45 SIGNATURE, NAME AND POSITION :46 CPF : : : : :------------------------------------------+----------------------: :47 PLACE AND DATE :48 TELEPHONE FOR CONTACT : : : : ------------------------------------------------------------------- INSTRUCTIONS FOR COMPLETING THE FORM - DOCUMENT IDENTIFICATION Field 01 - Fill in with the document code in CADOC. Field 02 - Reserved for the Central Bank. FORM - CALCULATION PERIOD Field 03 - Fill in with the date of the first business day of the calculation period. Field 04 - Fill in with the date of the last business day of the calculation period. Dates must be expressed numerically in day, month and year. FORM - INSTITUTION IDENTIFICATION Field 05 - Full name of the institution. Field 06 - Fill in with the institution's registration number in the General Taxpayers Registry of the Ministry of Finance. FORM - AMOUNTS SUBJECT TO COLLECTION Field 07 - Fill in with the business days of the calculation period, format DD/MM/YY. Field
08 - Fill in, for the business days listed in Field 07, with the amounts, in R$ 1.00, of the daily balances of the account "4.1.1.60.00-2 - DEPOSITS OF RESIDENTS ABROAD". Field 09 - Fill in, for the business days listed in Field 07, with the amounts, in R$ 1.00, of the daily balances of the account "4.1.1.75.00-4 - MANDATORY DEPOSITS". Field 10 - Fill in, for the business days listed in Field 07, with the amounts, in R$ 1.00, of the daily balances of the account "4.1.1.85.00-1 - PLEDGED DEPOSITS". Field 11 - Fill in, for the business days listed in Field 07, with the amounts, in R$ 1.00, of the daily balances of the account "4.9.9.60.00-8 - RESOURCES FROM REALIZED GUARANTEES". Fields 12 to 15 - Fill in with the sum of the amounts entered in each of Fields 08 to 11, respectively. Fields 16 to 19 - Fill in with the value of each of the arithmetic averages calculated, based, respectively, on the amounts corresponding to Fields 12 to 15 and the number of business days in the calculation period. Field 20 - Fill in with the business days of the calculation period, format DD/MM/YY. Field 21 - Fill in with the amount corresponding to the balance of transactions recorded under the heading "4.9.9.12.00-1 - CONTRACTS FOR ASSUMPTION OF OBLIGATIONS" carried out up to 11.11.94, inclusive. Field 22 - Fill in with the amount corresponding to the balance of transactions recorded under the heading "4.9.9.12.00-1 - CONTRACTS FOR ASSUMPTION OF OBLIGATIONS" carried out from 14.11.94. Fields 23 and 24 - Fill in with the sum of the amounts of fields 21 and 22, respectively. Fields 25 and 26 - Fill in with the arithmetic averages calculated from the amounts of fields 21 and 22, respectively, based on the number of business days in the calculation period. FORM - CALCULATION OF THE REQUIREMENT Fields 27 and 28 - Fill in as indicated in the statement. Field 29 - Apply, to the amount indicated in Field 25, the following rates, according to the calculation periods indicated: 7.5% for the period from 07 to 11.11.94; 15.0% for the period from 14 to 18.11.94; 22.5% for the period from 21 to 25.11.94; 30.0% for the periods from 28.11.94 to 02.12.94. Field 30 - Fill in as indicated in the statement. Field 31 - The requirement on "Contracts for Assumption of Obligations" to be fulfilled in cash must correspond to at least 2/3 of the total requirement on that heading (field 29). The remainder may be fulfilled in securities. Fields 32 and 33 - Fill in as indicated in the statement. FORM - COMPLIANCE WITH THE REQUIREMENT Field 34 - Fill in as indicated in the statement. Field 35 - Fill in with the amount pledged in the previous adjustment, duly updated, observing that: a) on the date of submission of the statement, estimate the corresponding amount for the adjustment date; b) on the adjustment date, report the corresponding amount. Fields 36 and 37 - Fill in with the indicated difference or zero, if it is zero or negative. Fields 38 and 39 - Fill in as indicated in the statement.
Fields 40 and 41 - Fill in with the amount you wish to link/unlink, limited to the amount shown in fields 36 and 37, as applicable. Indicate a positive amount. Field 42 - Fill in as indicated in the statement. TABLE - DECLARATION Fields 43 to 46 - Indicate the names, positions, CPF of those responsible for the information and affix their respective signatures. Field 47 - Record the place and date of issuance of the document. Field 48 - Indicate the telephone number of those responsible for the information.