Circular Letter No. 3138 - Clarification on the Submission of Information Regarding Resolution No. 2,303 of 1996 - Tariffed Services and Their Values

CIRCULAR LETTER NO. 003138

Clarification on the Submission of Information Regarding Resolution No. 2,303 of 1996 - Tariffed Services and Their Values.

Considering the provisions of Article 3 of Resolution No. 2,303 of July 25, 1996, as amended by Article 1 of Resolution No. 2,343 of December 19, 1996, we clarify that the information provided for in that norm continues to be submitted by institutions through transaction PESP 580 of Sisbacen - the Central Bank's Information System - whenever there are changes in the value or frequency of the service charge, observing a minimum deadline of 10 (ten) business days before its effective date. Within 90 days from the date of issuance of this document, these submissions must include the foreign capital and foreign exchange products and services listed below:

a) Export: Foreign exchange contract issuance; b) Export: Foreign exchange contract issuance via Internet; c) Export: Settlement with payment order; d) Export: Document verification; e) Export: Simplified Foreign Exchange (all client expenses at the bank); f) Import: Foreign exchange contract issuance; g) Import: Payment Order issuance; h) Import: Other Tariffs (does not include expenses abroad); i) Import: Simplified Foreign Exchange (all client expenses at the bank); j) Financial - Inflow of resources: Foreign exchange contract issuance; k) Financial - Inflow of resources: Foreign exchange contract issuance via Internet; l) Financial - Inflow of resources: Settlement with payment order; m) Financial - Inflow of resources: Preparation of ROF; n) Financial - Inflow of resources: Preparation of ROF scheme; o) Financial - Inflow of resources: Registration in Cademp; p) Financial - Outflow of resources: Foreign exchange contract issuance; q) Financial - Outflow of resources: Foreign exchange contract issuance via Internet; r) Financial - Outflow of resources: Payment Order issuance; s) Financial - Outflow of resources: ROF alteration.

2. Information on tariffed services and values in the foreign capital and foreign exchange area, including those published on the Central Bank's Internet page and those posted on boards within the institution's premises in accordance with Article 2 of Resolution No. 2,303 of 1996, must be expressed in national currency, except in the following situations:

a) Cases contained in Articles 2 and 3 of Decree-Law No. 857 of 1969; b) Leasing contracts entered into between residents and domiciled persons in the country, based on the raising of resources from abroad; c) Existence of authorization by Federal Law.

3. Institutions must send to this Department/Department of Information Management of the Financial System - DEFIN, via electronic mail, Sisbacen transaction PMSG750, periodically, on the first business day of each civil quarter, a declaration of conformity to the values of their respective services published on the Central Bank's Internet page, even if no changes have occurred during the immediately preceding quarter.

4. Non-compliance with the provisions of this Circular Letter will subject the institution to the penalties provided for in Resolution No. 2,901 of October 31, 2001.

5. Circular Letter No. 2,958 of February 23, 2001, is hereby revoked.

Brasília, June 09, 2004

DEPARTMENT OF INFORMATION MANAGEMENT OF THE FINANCIAL SYSTEM

Sergio Almeida de Souza Lima
Head

DEPARTMENT OF FOREIGN CAPITAL AND FOREIGN EXCHANGE

Sidinei Correa Marques
Head