Circular Letter No. 2898 — Creates attribute for microentrepreneur credit societies in COSIF

CIRCULAR LETTER NO. 002898

Creates attribute for microentrepreneur credit societies in COSIF.

Having in view the provisions of Resolution No. 2,627, of August 2, 1999, Circular No. 2,964, of February 3, 2000, and based on item 4 of Circular No. 1,540, of October 6, 1989, the attribute "J" representing microentrepreneur credit societies is created in the Chart of Accounts of Institutions of the National Financial System - COSIF.

2. The accounts to be used by microentrepreneur credit societies are the same as those designated for credit, financing, and investment societies, attribute "F", except for those related to the following subgroups, subgroup breakdowns, titles, and subtitles:

1.1.3.00.00-5 Free Reserves
1.1.5.00.00-1 Foreign Currency Cash
1.2.2.00.00-1 Interbank Deposit Applications 1.2.6.00.00-3 Foreign Currency Applications 1.3.2.00.00-0 Linked to Committed Operations 1.3.4.20.00-0 CENTRAL BANK - MANDATORY RESERVES IN SECURITIES 1.3.4.30.00-7 CENTRAL BANK - SECURITIES LINKED TO FINANCIAL ASSISTANCE 1.3.5.00.00-9 Linked to Acquisition of State-Owned Company Shares 1.4.2.25.00-8 CENTRAL BANK - COLLECTION OF RURAL CREDIT RESOURCES 1.4.2.28.00-5 MANDATORY RESERVES IN KIND AT THE CENTRAL BANK 1.4.2.33.00-7 CENTRAL BANK - MANDATORY COLLECTIONS 1.4.2.80.00-5 RURAL CREDIT - PROAGRO TO BE RECEIVED 1.4.2.99.50-8 Linked Credits - PROAGRO 1.4.3.00.00-2 Interbank Transfers 1.5.0.00.00-2 INTERDEPENDENCY RELATIONSHIPS 1.6.1.40.00-2 SPECIAL RESTRUCTURING - LEGAL ENTITIES 1.6.2.15.00-9 FINANCING TO FINANCIAL AGENTS 1.6.2.27.00-4 FINANCING IN FOREIGN CURRENCIES - FLOATING RATES 1.6.2.50.00-2 REFINANCING OF LEASING OPERATIONS 1.6.2.90.15-8 Financing to Financial Agents 1.6.2.90.50-5 Refinancing of Leasing Operations 1.6.3.20.00-4 RURAL FINANCING - MANDATORY APPLICATIONS 1.6.3.30.00-1 RURAL FINANCING - TRANSFERRED AND REFINANCED APPLICATIONS 1.6.4.30.00-4 HOUSING FINANCING 1.6.4.35.00-9 FINANCING WITHOUT FCVS COVERAGE - DECREE 97.222/88 1.6.4.90.30-5 Housing 1.6.4.90.35-0 Without FCVS Coverage - Decree 97.222/88 1.6.6.00.00-9 Infrastructure and Development Financing 1.6.9.10.35-9 Financing to Financial Agents 1.6.9.10.40-7 Refinancing of Leasing Operations 1.6.9.10.70-6 Housing Financing 1.6.9.10.77-5 Financing without FCVS Coverage - Decree 97.222/88 1.6.9.10.90-2 Infrastructure and Development Financing 1.7.0.00.00-0 COMMERCIAL LEASING OPERATIONS 1.8.2.00.00-5 Exchange 1.8.4.53.20-9 Swap Intermediation 1.8.5.00.00-4 Specific Credits 1.8.8.02.00-1 ADVANCES TO FGC 1.8.8.20.00-7 CREDITS ARISING FROM EXPORT CONTRACTS 1.8.8.85.00-4 VALUES TO BE RECEIVED FROM AFFILIATED COMPANIES 2.1.0.00.00-3 INVESTMENTS 2.3.0.00.00-1 LEASING FIXED ASSETS 2.4.1.45.00-6 EXPENSES TO BE AMORTIZED - PROER 2.4.1.50.00-8 RIGHTS TO EXERCISE FINANCIAL ACTIVITIES 2.4.1.99.45-4 Expenses to be Amortized - PROER 3.0.1.85.00-5 CO-GUARANTEES IN CREDIT ASSIGNMENTS 3.0.4.75.00-7 SECURITIES IN GUARANTEE OF RESTRUCTURED RURAL DEBTS 3.0.4.80.00-9 VALUES IN CUSTODY 3.0.4.99.20-3 Of Third Parties 3.0.5.80.00-2 SECURITIES FOR COLLECTION - FLOATING RATES 3.0.6.10.80-0 Third-Party Swap 3.0.6.10.90-3 Swap Intermediation 3.0.8.30.00-6 ADMINISTRATION OF THIRD-PARTY RESOURCES 3.0.9.08.00-0 SPECIAL RESTRUCTURING OF COMMERCIAL LEASING 3.0.9.12.00-3 GUARANTEES PROVIDED FOR INTERBANK DEPOSIT COLLECTION 3.0.9.30.00-9 CENTRAL BANK - GUARANTEES IN FINANCIAL ASSISTANCE 3.0.9.78.00-9 COMPENSATION OF CLIENTS' OWN RESOURCES - PROAGRO 3.0.9.79.00-8 COMPENSATION OF EXTENDED RURAL OPERATIONS - PROAGRO 3.0.9.96.00-5 CAPITAL AND MINIMUM NET EQUITY VALUES OF PARTICIPATED COMPANIES 3.0.9.97.00-4 REQUIRED NET EQUITY FOR MARKET RISK COVERAGE 4.1.0.00.00-7 DEPOSITS 4.2.0.00.00-6 OBLIGATIONS FROM COMMITTED OPERATIONS 4.3.0.00.00-5 RESOURCES FROM FOREIGN EXCHANGE
ACCEPTANCES, MORTGAGE NOTES AND DEBENTURES 4.4.0.00.00-4 INTERFINANCIAL RELATIONSHIPS 4.5.0.00.00-3 INTERDEPENDENCY RELATIONSHIPS 4.6.1.00.00-5 Loans in the Country - Official Institutions 4.6.3.20.00-5 FOREIGN CURRENCY OBLIGATIONS FLOATING RATES 4.9.1.20.00-6 PROAGRO TO BE COLLECTED 4.9.1.25.00-1 PROAGRO RESOURCES 4.9.2.00.00-5 Exchange 4.9.3.55.00-8 DEPOSIT FOR GUARANTEE OF REQUIRED NET EQUITY 4.9.6.50.00-2 OBLIGATIONS FROM FINANCIAL AND DEVELOPMENT FUNDS 4.9.6.80.00-3 OBLIGATIONS FROM SPECIAL PROGRAMS - CENTRAL BANK 4.9.9.12.00-1 CONTRACTS OF ASSUMPTION OF OBLIGATIONS 4.9.9.80.00-2 CAPITAL SUBSCRIPTIONS TO BE PAID 4.9.9.85.00-7 VALUES TO BE PAID TO AFFILIATED COMPANIES 4.9.9.95.00-4 HYBRID INSTRUMENTS OF CAPITAL AND DEBTS 4.9.9.96.00-3 SUBORDINATED DEBTS 6.1.3.70.00-9 RESERVE FOR REVALUATION OF EQUITY SECURITIES 6.1.3.80.00-6 SPECIAL RESERVE - LAW NO. 8,200 6.1.4.30.00-4 RESERVE FOR REVALUATION OF ASSETS OF AFFILIATED AND CONTROLLED COMPANIES 7.1.1.18.00-0 INCOME FROM FINANCING TO FINANCIAL AGENTS 7.1.1.23.00-2 INCOME FROM FOREIGN CURRENCY FINANCING 7.1.1.35.00-7 INCOME FROM REFINANCING OF LEASING OPERATIONS 7.1.1.45.00-4 INCOME FROM RURAL FINANCING - MANDATORY APPLICATIONS 7.1.1.50.00-6 INCOME FROM RURAL FINANCING - TRANSFERRED AND REFINANCED APPLICATIONS 7.1.1.65.00-8 INCOME FROM HOUSING FINANCING 7.1.1.70.00-0 INCOME FROM INFRASTRUCTURE AND DEVELOPMENT FINANCING 7.1.2.00.00-4 Income from Commercial Leasing 7.1.3.00.00-7 Exchange Income 7.1.4.20.00-4 INCOME FROM APPLICATIONS IN INTERBANK DEPOSITS 7.1.5.50.50-4 Swap Intermediation 7.1.7.10.00-6 INCOME FROM INVESTMENT FUND ADMINISTRATION 7.1.7.70.00-8 INCOME FROM CUSTODY SERVICES 7.1.7.80.00-5 INCOME FROM SERVICES PROVIDED TO AFFILIATES 7.1.8.00.00-2 Income from Participations 7.1.9.25.00-4 INCOME FROM CREDITS ARISING FROM ACQUIRED EXPORT CONTRACTS 7.1.9.47.00-6 INCOME FROM APPLICATIONS IN FOREIGN CURRENCIES IN THE COUNTRY - FLOATING RATES 7.1.9.55.00-5 INCOME FROM CREDITS LINKED TO RURAL CREDIT 7.1.9.80.00-1 INCOME FROM INTERBANK TRANSFERS 7.1.9.85.00-6 INCOME FROM SPECIFIC CREDITS 7.1.9.90.05-3 Losses on Applications in Interbank Deposits 7.1.9.90.35-2 Interbank Transfers 7.1.9.90.40-0 Leasing Credits from Doubtful Liquidation 7.1.9.90.90-3 Losses in Affiliated and Controlled Companies 7.3.1.10.00-6 PROFITS ON DISPOSITION OF INVESTMENTS 7.3.9.90.20-2 Losses on Investments due to Tax Incentives 7.3.9.90.30-5 Losses on Equity Securities 7.3.9.90.40-8 Losses on Shares and Quotas 7.3.9.90.90-3 Losses on Other Investments 7.8.0.00.00-1 ALLOCATION OF INTERNAL RESULTS 8.1.1.00.00-8 Collection Expenses 8.1.2.10.00-8 FINANCIAL ASSISTANCE EXPENSES - CENTRAL BANK 8.1.2.80.00-7 TRANSFER EXPENSES - INTERBANK 8.1.3.20.00-8 OPERATING LEASE EXPENSES 8.1.3.60.00-6 LOSSES ON DISPOSITION OF LEASED ASSETS 8.1.4.00.00-7 Exchange Expenses 8.1.5.10.00-7 DISCOUNT ON SECURITIES PLACEMENT 8.1.6.00.00-3 Participation Expenses 8.1.8.30.05-5 Losses on Applications in Interbank Deposits 8.1.8.30.35-4 Interbank Transfers
8.1.8.30.40-2 Leasing Credits from Doubtful Liquidation 8.1.8.30.55-0 Losses on Operating Leased Assets 8.1.8.30.90-7 Losses in Affiliated and Controlled Companies 8.1.9.15.00-4 EXPENSES FROM OBLIGATIONS FROM SPECIAL PROGRAMS - CENTRAL BANK 8.1.9.40.00-0 EXPENSES FROM ASSIGNMENT OF LEASING CREDITS 8.1.9.45.00-5 EXPENSES FROM ASSIGNMENT OF CREDITS ARISING FROM EXPORT CONTRACTS 8.1.9.65.00-9 EXPENSES FROM PROAGRO RESOURCES 8.3.1.10.00-3 LOSSES ON DISPOSITION OF INVESTMENTS 8.3.9.90.20-9 Losses on Investments due to Tax Incentives 8.3.9.90.30-2 Losses on Equity Securities 8.3.9.90.40-5 Losses on Shares and Quotas 8.3.9.90.90-0 Losses on Other Investments 8.8.0.00.00-8 ALLOCATION OF INTERNAL RESULTS 9.0.1.85.00-7 LIABILITIES FOR CO-GUARANTEES IN CREDIT ASSIGNMENTS 9.0.4.75.00-9 RESTRUCTURED RURAL DEBTS GUARANTEED BY SECURITIES 9.0.4.80.00-1 DEPOSITORS OF VALUES IN CUSTODY 9.0.4.99.20-5 Of Third Parties 9.0.5.80.00-4 ENDORSEMENTS FOR COLLECTION - FLOATING RATES 9.0.8.30.00-8 LIABILITIES FOR ADMINISTRATION OF THIRD-PARTY RESOURCES 9.0.8.50.00-2 LIABILITIES FOR LEASE CONTRACTS 9.0.9.08.00-2 LIABILITIES FOR SPECIAL RESTRUCTURING OF COMMERCIAL LEASING 9.0.9.12.00-5 INTERBANK DEPOSIT COLLECTION WITH GUARANTEES 9.0.9.30.00-1 GUARANTEES LINKED TO CENTRAL BANK FINANCIAL ASSISTANCE 9.0.9.78.00-1 LIABILITIES FOR COMPENSATION OF CLIENTS' OWN RESOURCES - PROAGRO 9.0.9.79.00-0 LIABILITIES FOR COMPENSATION OF EXTENDED RURAL OPERATIONS - PROAGRO 9.0.9.96.00-7 REALIZED CAPITAL AND MINIMUM NET EQUITY OF PARTICIPATED COMPANIES 9.0.9.97.00-6 REQUIREMENT OF NET EQUITY FOR MARKET RISK COVERAGE

3. Microentrepreneur credit societies must use the items authorized for recording their operations and preparing financial statements, including those related to periods prior to the publication date of this Circular Letter.

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

Brasilia, February 29, 2000.

DEPARTMENT OF REGULATIONS OF THE FINANCIAL SYSTEM

Carlos Eduardo Sampaio Lofrano
Chief