Rule · BCB · 10 Jul 1989 · Circular 1508
The Central Bank of Brazil establishes that Treasury National Bonuses (BTN) issued in accordance with Ministry of Finance Ordinance No. 147 of July 3, 1989, are prohibited from being the subject of repo operations as defined in Resolution No. 1,088 of January 30, 1986, including those referred to in Article 27 of that Regulation.
We communicate that the Board of Directors of the Central Bank of Brazil, in a session held on July 5, 1989, having regard to the provisions of Article 3, "in fine", of the Regulation annexed to Resolution No. 1,088 of January 30, 1986, decided to establish that the Treasury National Bonuses (BTN) issued in consonance with Ordinance No. 147 of July 3, 1989, of the Honorable Minister of State for Finance, shall not be the subject of the repo operations referred to in the aforementioned Regulation, as well as those referred to in its Article 27.
Brasília-DF, July 10, 1989
Keyler Carvalho Rocha Wadico Waldir Bucchi Director Director
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“Circular No. 1,508 of July 10, 1989, is hereby revoked.”
“having regard to the provisions of Article 3, "in fine", of the Regulation annexed to Resolution No. 1,088 of January 30, 1986”
Amended 1 time · last 1989-08-25
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