Circular No. 1059 — Resolution 1147 of June 26, 1986: Draft Circular Establishing Complementary Norms for FINAME Operations and Corporate Financing

CIRCULAR NO. 001059

To
Investment Banks and Credit, Financing and Investment Companies

We communicate that the Board of the Central Bank, in a session held on August 20, 1986, having regard to the provisions of item VI of Resolution No. 1,147 of June 26, 1986, decided that:

a) The operations involving the transfer of resources from the Special Agency for Industrial Financing (FINAME), as well as the financing granted by credit, financing and investment companies to legal entities for the acquisition of goods and services, are not included among those subject to the reduction of the credit volume referred to in Resolution No. 1,147 of June 26, 1986;

b) The operations carried out with support under regulations of programs provided for in the Agroindustrial Credit Manual (MCA) and in the Rural Credit Manual (MCR) are not included in the prohibition referred to in item V of Resolution No. 1,147 of June 26, 1986.

Brasília-DF, August 21, 1986

Luiz Carlos Mendonça de Barros
Director