Circular No. 1530 — Authorizes financial institutions to conduct repo operations using BTN for voluntary exchange into Brazilian external debt bonds

CIRCULAR NO. 001530

We communicate that the Board of Directors of the Central Bank of Brazil, in a session held on this date, having regard to the provisions of Article 3, "in fine", and Article 30 of the Regulation annexed to Resolution No. 1,088, of 30.01.86, has decided to establish that institutions qualified in accordance with Articles 7 and 8 of the aforementioned Regulation may conduct repo operations using National Treasury Bonds - BTN issued in accordance with Portaria No. 169, of 22.08.89, of the Honorable Minister of State for Finance, for voluntary exchange into Brazilian External Debt Bonds, in accordance with Article 7 of Law No. 7,777, of 19.06.89, with a redemption period of up to 25 (twenty-five) years, limited to 1 (one) time the calculation base.

2. The facility referred to in the preceding item does not include National Treasury Bonds - BTNs issued with redemption terms of 2 (two) and 1 (one) year, in accordance with Portarias of the Honorable Minister of State for Finance No. 147 and 170, of 03.06.89 and 22.08.89, respectively.

3. This Circular shall enter into force on the date of its publication.

Brasília-DF, August 30, 1989

Keyler Carvalho Rocha Wadico Waldir Bucchi Director Director

Arnim Lore
Director