RegAlert

Rule · BCB · 17 Sep 1965 · Circular 12

Circular No. 12 — Communicates to Banking Establishments Regulations Governing Requests for Authorization to Grant Guarantees and Suretyship to the Central Bank

licensing

Banking establishments must include an updated report of all existing guarantees, including those specified in Article 8, Item II of Instruction No. 253 of October 11, 1963, when submitting authorization requests to the Central Bank for granting guarantees and suretyship. This report must detail the guaranteed party, the beneficiary, the purpose, the due date, and the value, as well as specify the nature and other characteristics of the guarantees to be received by the bank. The regulation applies to all requests for such authorizations submitted to the bank.

BrazilBanco Central do Brasil

CIRCULAR NO. 000012

To Banking Establishments

We communicate that any requests for authorization submitted to this Bank for the granting of guarantees and suretyship must be accompanied by an updated report of all existing guarantees of this kind, including those referred to in Article 8, Item II of Instruction No. 253 of October 11, 1963, mentioning the guaranteed party, the beneficiary, the purpose, the due date, and the value, as well as the guarantees to be received by the bank, specifying their nature and other characteristics.

Rio de Janeiro-GB, September 17, 1965

FINANCIAL OVERSIGHT MANAGEMENT

Hélio Marques Vianna Manager

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A newer document in RegAlert replaces this one.

Circular No. 12 — Communicatesto Banking Establishments Reg…1965-09-17 · this documentCircular No. 12 — Communicates to Banking Establishments Regulations Governing Requests for Authorization to Grant Guarantees and Suretyship to the Central Bank (1965-09-17)Circular No. 29 — Loweringregulatory norms for acceptance a…1966 · BCBCircular No. 29 — Lowering regulatory norms for acceptance and the provision of suretyship and guarantee to be observed by banks (1966-03-28)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Amended 1 time · last 1966-03-28

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