Rule · BCB · 12 Sep 1996 · Carta Circular 2683

Circular Letter No. 2683 — Clarifies the return of administrative checks for reason 21

The document prohibits participants in the Check and Other Paper Clearing Service (SCCOP) from returning administrative checks for reason "21 - counter-order (or revocation) or opposition (or suspension) of payment by the issuer or holder" on the initiative of the issuing institution itself. It takes effect on the date of its publication, September 12, 1996.

BrazilBanco Central do Brasil

CIRCULAR LETTER NO. 002683

Clarifies the return of administrative checks for reason 21.

We clarify to the participants of the Check and Other Paper Clearing Service (SCCOP) that it is prohibited to return administrative checks for reason "21 - counter-order (or revocation) or opposition (or suspension) of payment by the issuer or holder", on the initiative of the issuing institution itself.

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

Brasília, September 12, 1996.

DEPARTMENT OF BANKING OPERATIONS

Luis Gustavo da Matta Machado
Head

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