Circular Letter No. 3394 — Discloses instructions for registering judicial decisions in the Credit Operations Registry with the Public Sector (Cadip)

CIRCULAR LETTER NO. 003394

Discloses instructions for registering judicial decisions in the Credit Operations Registry with the Public Sector (Cadip), as provided for in Circular No. 2,367, of 1993.

1. Institutions that maintain credit operations with agencies and entities of the public sector are authorized to directly register in the Credit Operations Registry with the Public Sector (Cadip), as provided for in Circular No. 2,367, of September 23, 1993, through the PDIP500 transaction of the Central Bank Information System (Sisbacen), in the "suspended payment" situation, the credit operation whose payment suspension by the borrower is formally determined by a judicial decision.

2. Regarding the registration mentioned in the previous item, the institutions referred to therein must enter, in the "Reason" field of the PDIP500 transaction:

I - the number and date of the document sent by the judicial authority;

II - the process number and the identification of the court that determined the suspension of payment.

3. The institutions mentioned in item 1 must keep available to the Central Bank of Brazil, for a minimum period of 5 (five) years, the original document sent by the judicial authority.

4. This circular letter enters into force on the date of its publication, when Communication No. 6,453, of November 6, 1998, becomes void.

Brasília, April 23, 2009.

Department of Monitoring of the Financial System and Information Management (Desig)

Sidnei Correa Marques
Head