Circular Letter No. 2.699

CIRCULAR LETTER No. 002699 ------------------------ Sets a date for the teletransmission of data relating to checks below the threshold amount established for specific exchange sessions. Having regard to the provisions of art. 3 of the regulation annexed to Circular No. 2.398, of 29.12.93, we inform that as of 29.11.96, inclusive, checks with a value below the threshold amount established for specific exchange sessions, accepted by the banking network in all Integrated Regional Clearing Systems (SIRC) of the country, must be processed via electronic clearing by means of teletransmission of the data to Sao Paulo (SP) and Rio de Janeiro (RJ). 2. The operator of the SCCOP is tasked with disseminating the procedures and routines necessary for compliance with the provisions of this Circular Letter. 3. This Circular Letter enters into force on the date of its publication. Brasilia, 22 November 1996. DEPARTMENT OF BANKING OPERATIONS Luis Gustavo da Matta Machado Head

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Circular No. 2398 — Discloses New Electronic Clearing Regulation1993 · BCB
“Having regard to the provisions of art. 3 of the regulation annexed to Circular No. 2.398, of 29.12.93”