RegAlert

Rule · BCB · 25 Aug 1989 · Circular 1529

Circular No. 1529 — Treasury National Bonuses (BTN) are not subject to committed operations involving fixed-income securities

credit
securities

The Central Bank of Brazil prohibits Treasury National Bonuses (BTN) issued under Article 5, paragraph 3 of Law No. 7,777/1989 from being used as collateral in committed operations involving fixed-income securities, as defined in Resolution No. 1,088. This prohibition applies to the operations described in Article 27 of the aforementioned Regulation. The measure entered into force on the date of publication and revoked Circular No. 1,508 of July 10, 1989.

BrazilBanco Central do Brasil

CIRCULAR NO. 001529

We communicate that the Board of Directors of the Central Bank of Brazil, in a session held on August 23, 1989, in view of 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 accordance with the provisions of paragraph 3 of Article 5 of Law No. 7,777 of June 19, 1989, shall not be subject to the committed operations referred to in the aforementioned Regulation, as well as those referred to in Article 27 thereof.

  1. This Circular shall enter into force on the date of its publication, and Circular No. 1,508 of July 10, 1989, is hereby revoked.

Brasília-DF, August 25, 1989

Keyler Carvalho Rocha Wadico Waldir Bucchi Director Director

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Annotations and obligations
1 obligation · 1 definition
  • Obligation 1
  • Definition / condition 1
  • background, boilerplate

Lineage: Superseded

Resolution No. 1088 dated 1986-…Resolution No. 1088 dated 1986-01-30Circular No. 1508 dated 1989-07…Circular No. 1508 dated 1989-07-10Circular No. 1529 — TreasuryNational Bonuses (BTN) are no…1989-08-25 · this documentCircular No. 1529 — Treasury National Bonuses (BTN) are not subject to committed operations involving fixed-income securities (1989-08-25)Resolution CMN No. 2675 — Amend…1999Resolution CMN No. 2675 — Amends and Consolidates Norms Governing Operations and Commitments Involving Fixed-Rate Securities (1999-12-21)
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Timeline

Amended 1 time · last 1999-12-21

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