Circular Letter No. 3290 - Credit Operations Registration System with the Public Sector (Cadip) - Instructions for Recording Issuers of Matured Securities as Defaulters in Cadip

CIRCULAR LETTER NO. 003290

Credit Operations Registration System with the Public Sector (Cadip) - issues instructions for recording as defaulters in Cadip, issuers of matured debentures.

The financial institution holding a matured state or municipal debenture must register it in the Credit Operations Registration System with the Public Sector - Cadip, observing, during registration, the completion of the following fields:

• Borrower: state or municipality issuing the debenture
• Modality: 96 - Matured Debenture
• Collateral: 13 - Nihil - operation without collateral
• Contract Date: maturity date of the debenture
• Legal Authorization: Circular 2,775/97
• Currency: 790 - Real/Brazil
• Source: 100 - Own Resources of FI
• Period: 1
• Operation Condition: identify the matured debenture
• Disbursement Schedule: do not include
• Payment Schedule: 1 installment with a maturity date
  expected equal to the maturity date of the debenture (date of contract)

2. After registration, the Borrower must be registered as a
   defaulter in Cadip, in compliance with the provisions of Paragraph 5 of
   Article 1 of Circular 2,367, of 09/23/1993, added by Article 1 of
   Circular 2,775, of 09/05/1997.

3. Any questions may be resolved by the Department of
   Monitoring of the Financial System and Information Management (Desig) by telephone (61) 3414-2830, 3414-2831 or (31) 3253-7438, 3253-7439 and 3253-7263.

Brasília, January 2, 2008.

Department of Monitoring of the Financial System and Information Management

Carlos Yoshitaka Urata
Deputy Head