Circular No. 1.743

CIRCULAR N. 001743 ------------------ TO THE ADMINISTERING INSTITUTIONS OF SHORT-TERM INVESTMENT FUNDS WITH SHARES ISSUED IN BEARER FORM IT ESTABLISHES CONDITIONS FOR THE COLLECTION, BY THE CENTRAL BANK OF BRAZIL, OF THE FUNDS CORRESPONDING TO THE SHARES OF SHORT-TERM INVESTMENT FUNDS ISSUED IN BEARER FORM, REFERRED TO IN RESOLUTION Nº 1.711, OF 15.05.90. WE INFORM THAT THE BOARD OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON THIS DATE, HAVING REGARD TO THE PROVISIONS OF ARTICLE 7, § 2, OF LAW Nº 8.024, OF 12.04.90, AND BASED ON THE CONTENT OF ARTICLE 4 OF RESOLUTION Nº 1.711, OF 15.05.90, DECIDED TO ESTABLISH THE FOLLOWING PROCEDURES TO BE OBSERVED BY THE ADMINISTERING INSTITUTIONS OF SHORT-TERM INVESTMENT FUNDS WITH SHARES ISSUED IN BEARER FORM WHOSE REDEMPTION HAS NOT BEEN EFFECTED UNTIL 25.05.90, WITH A VIEW TO THE EXECUTION OF THE PROVISIONS OF THE AFOREMENTIONED RESOLUTION: ART. 1. THE INVESTMENTS OF THE AFOREMENTIONED FUNDS DENOMINATED IN CRUZEIROS SHALL BE LIQUIDATED BY 30.05.90. SOLE PARAGRAPH. THE PROVISION IN ARTICLE 1, SOLE PARAGRAPH, OF THE AFOREMENTIONED RESOLUTION APPLIES ONLY TO THE FUNDS CORRESPONDING TO THE INVESTMENTS REFERRED TO IN THIS ARTICLE. ART. 2. FIXED-INCOME SECURITIES THAT ARE NOT FINANCIAL TREASURY BILLS - LFT, INTEGRATING THE PORTFOLIOS OF THE AFOREMENTIONED FUNDS AND DENOMINATED IN CRUZADOS NOVOS, NOT YET REDEEMED, SHALL BE ACQUIRED, IN CRUZADOS NOVOS, BY THE ADMINISTERING INSTITUTIONS THEMSELVES, BY 30.05.90, UNDER THE TERMS OF CIRCULAR Nº 1.720, OF 09.05.90. ART. 3. THE ACQUISITION, BY THE CENTRAL BANK OF BRAZIL, OF THE FINANCIAL TREASURY BILLS - LFT INTEGRATING THE PORTFOLIOS OF THE AFOREMENTIONED FUNDS, PROVIDED FOR IN ARTICLE 2 OF THE AFOREMENTIONED RESOLUTION, SHALL TAKE PLACE THROUGH THE OPEN MARKET OPERATIONS DEPARTMENT (DEMAB), BASED ON DOCUMENTATION SUBMITTED BY THE ADMINISTERING INSTITUTIONS, OBSERVING THE FOLLOWING: I - THE OPERATION SHALL BE CARRIED OUT ON 31.05.90, WITH FINANCIAL VALUATION FOR THE IMMEDIATELY PRECEDING DAY; II - THE SETTLEMENT OF THE OPERATIONS SHALL BE PROCESSED IN CRUZADOS NOVOS; III - THE UNIT PRICES OF THE SECURITIES SHALL BE PREVIOUSLY ESTABLISHED BY DEMAB. SOLE PARAGRAPH. THE ADMINISTERING INSTITUTIONS SHALL BE RESPONSIBLE, BEFORE THE CENTRAL BANK OF BRAZIL, FOR THE ACCURACY OF THE DATA CONTAINED IN THE DOCUMENTATION SUBMITTED. ART. 4. THE FOLLOWING ACCOUNTS AND SUBACCOUNTS ARE CREATED IN THE ACCOUNTING PLAN OF THE INSTITUTIONS OF THE NATIONAL FINANCIAL SYSTEM - COSIF: CODE ACCOUNT/SUBACCOUNT 4.9.7.95.00-8 AMOUNTS COLLECTED BY THE CENTRAL BANK - RESOLUTION 1.711 TO RECORD, IN THE ADMINISTERING INSTITUTIONS, THE AMOUNTS OF SHARES OF SHORT-TERM FUNDS ISSUED IN BEARER FORM AND COLLECTED BY THE CENTRAL BANK OF BRAZIL UNDER THE TERMS OF RESOLUTION Nº 1.711, OF 15.05.90 (ESTBAN CODE 467). 1.4.2.03.00-6 CENTRAL BANK - COLLECTIONS OF RESOLUTION 1.711 1.4.2.03.10-9 IN CRUZEIROS - OWN 1.4.2.03.20-2 IN CRUZADOS NOVOS - OWN 1.4.2.03.30-5 IN CRUZEIROS - OTHER INSTITUTIONS 1.4.2.03.40-8
IN CRUZADOS NOVOS - OTHER INSTITUTIONS TO RECORD, BY THE INSTITUTIONS HOLDING A "BANK RESERVES" ACCOUNT, THE AMOUNTS COLLECTED BY THE CENTRAL BANK OF BRAZIL, RELATING TO THE CRUZEIROS AND CRUZADOS NOVOS OF SHARES OF SHORT-TERM INVESTMENT FUNDS ISSUED IN BEARER FORM, IN ACCORDANCE WITH RESOLUTION Nº 1.711, OF 15.05.90 (ESTBAN CODE 158) 1.4.2.43.00-4 COMMERCIAL BANK - COLLECTIONS OF RESOLUTION 1.711 AT THE CENTRAL BANK 1.4.2.43.10-7 IN CRUZEIROS 1.4.2.43.20-0 IN CRUZADOS NOVOS TO RECORD, BY THE ADMINISTERING INSTITUTIONS THAT DO NOT HAVE A "BANK RESERVES" ACCOUNT, THE AMOUNTS COLLECTED BY THE CENTRAL BANK OF BRAZIL, RELATING TO THE CRUZEIROS AND CRUZADOS NOVOS OF SHARES OF SHORT-TERM INVESTMENT FUNDS ISSUED IN BEARER FORM, IN ACCORDANCE WITH RESOLUTION Nº 1.711, OF 15.05.90 (ESTBAN CODE 158). ART. 5. THE RECORDING OF THE COLLECTION REFERRED TO IN ARTICLE 1 OF THE AFOREMENTIONED RESOLUTION SHALL BE MADE BY THE ADMINISTERING INSTITUTIONS, WHEN HOLDING A "BANK RESERVES" ACCOUNT, OR THROUGH A CONVENIENT INSTITUTION, AS FOLLOWS: I - IN THE ADMINISTERING INSTITUTIONS, THE AMOUNTS IN CRUZEIROS AND THE AMOUNTS IN CRUZADOS NOVOS SHALL BE CREDITED TO AMOUNTS COLLECTED BY THE CENTRAL BANK - RESOLUTION 1.711 (CODE 4.9.7.95.00-8) UPON RECEIPT OF THE FUNDS; AND DEBITED TO CENTRAL BANK - COLLECTIONS OF RESOLUTION 1.711 (CODE 1.4.2.03.00-6) OR TO COMMERCIAL BANK - COLLECTIONS OF RESOLUTION 1.711 AT THE CENTRAL BANK (CODE 1.4.2.43.00-4) UPON COLLECTION OF THE FUNDS; II - IN THE INSTITUTIONS HOLDING A "BANK RESERVES" ACCOUNT, THE AMOUNTS IN CRUZEIROS AND THE AMOUNTS IN CRUZADOS NOVOS SHALL BE CREDITED, IN THE NAME OF THE ADMINISTERING INSTITUTIONS, TO SUNDRY CREDITORS - COUNTRY (CODE 4.9.9.92.00-7) UPON RECEIPT OF THE FUNDS; AND DEBITED TO CENTRAL BANK - COLLECTIONS OF RESOLUTION 1.711 (CODE 1.4.2.03.00-6) UPON COLLECTION OF THE FUNDS; SOLE PARAGRAPH. THE AMOUNTS IN CRUZEIROS AND THE AMOUNTS IN CRUZADOS NOVOS SHALL BE DEBITED BY THE CENTRAL BANK OF BRAZIL IN THE "BANK RESERVES" ACCOUNTS IN CRUZEIROS AND IN CRUZADOS NOVOS OF THE DEPOSITING/CONVENIENT INSTITUTION, BASED ON THE DATA CONTAINED IN THE STATEMENT REFERRED TO IN ARTICLE 6, WITH FINANCIAL VALUATION FOR 30.05.90 ART. 6. FOR THE PURPOSES OF COLLECTION AND RELEASE OF THE FUNDS REFERRED TO IN ARTICLES 1 AND 3 OF THE AFOREMENTIONED RESOLUTION, THE ADMINISTERING INSTITUTIONS SHALL FORWARD TO THE CENTRAL BANK OF BRAZIL, THROUGH THE DOCUMENT RECEPTION CENTER LOCATED AT THE HEADQUARTERS OR AT THE REGIONAL DELEGACY TO WHICH THE DEPOSITING/CONVENIENT INSTITUTION IS JURISDICTED, BY 06.06.90, IN THE CASE OF COLLECTION, AND BY THE 5TH (FIFTH) BUSINESS DAY OF EACH MONTH, IN THE CASE OF RELEASE, THE STATEMENT SHORT-TERM INVESTMENT FUND TO BEARER - RESOLUTION Nº 1.711 - COLLECTION/RELEASE (CADOC CODE Nº 62.1.3.060-2), IN THE FORM OF THE ATTACHED MODEL. ART. 7. THE RELEASE OF THE FUNDS CORRESPONDING TO THE REDEMPTIONS OF SHARES REQUESTED SHALL BE EFFECTED ON THE 1ST (FIRST) BUSINESS DAY FOLLOWING THE RECEIPT OF THE STATEMENT
REFERRED TO IN ARTICLE 6. SOLE PARAGRAPH. ON THE DATE OF RELEASE OF THE FUNDS, THE AMOUNTS IN CRUZEIROS AND THE AMOUNTS IN CRUZADOS NOVOS SHALL BE CREDITED BY THE CENTRAL BANK OF BRAZIL TO THE "BANK RESERVES" ACCOUNTS IN CRUZEIROS AND IN CRUZADOS NOVOS OF THE DEPOSITORY/ACCORDING INSTITUTION. ART. 8. THE ADMINISTERING INSTITUTIONS SHALL KEEP UPDATED AND IN PERFECT ORDER, AT THE DISPOSAL OF THE CENTRAL BANK OF BRAZIL, DOCUMENTATION RELATING TO THE INVESTMENT CERTIFICATES "OUTSTANDING" AND TO THE REDEMPTIONS OF SHARES REQUESTED IN EACH MONTH, CONTAINING, AS TO THE LATTER, INFORMATION ON THE INVESTMENT CERTIFICATES SUBJECT TO THE REDEMPTIONS (NUMBER AND QUANTITY OF SHARES) AND THE IDENTIFIED SHAREHOLDERS (INCLUDING THE CPF/CGC REGISTRATION NUMBER). ART. 9. THIS CIRCULAR SHALL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION. BRASÍLIA (DF), 29 MAY 1990. GUSTAVO JORGE LABOISSIÈRE LOYOLA LUIS EDUARDO ALVES DE ASSIS DIRECTOR DIRECTOR CENTRAL BANK OF BRAZIL ------------------------------------------------------------------ DEPARTMENT OF BANKING OPERATIONS --------------------- CADOC 62.1.3.060-2 --------------------- SHORT-TERM INVESTMENT FUND WITH BEARER SHARES - RESOLUTION No. 1.711 - COLLECTION/RELEASE. --------------------- POSITION ON: --------------------- FUND ----------------------------------------------------------------- NAME: CGC: ----------------------------------------------------------------- ADMINISTERING INSTITUTION ----------------------------------------------------------------- NAME: CGC: ----------------------------------------------------------------- COLLECTION BASED ON 25.05.90 ----------------------------------------------------------------- AMOUNTS IN CRUZEIROS A ----------------------------------------------------------------- AMOUNTS IN CRUZADOS NOVOS B ----------------------------------------------------------------- RELEASE ----------------------------------------------------------------- AMOUNT OF REDEMPTIONS OF SHARES REQUESTED IN THE MONTH OF THE POSITION C ----------------------------------------------------------------- AMOUNT TO BE RELEASED IN CRUZEIROS (20% OF C) D ----------------------------------------------------------------- AMOUNT TO BE RELEASED IN CRUZADOS NOVOS (80% OF C) E ----------------------------------------------------------------- DECLARATION ----------------------------------------------------------------- THE SIGNATORIES OF THIS DOCUMENT ARE RESPONSIBLE FOR THE TRUTHFULNESS OF THE ELEMENTS AND DATA CONTAINED HEREIN, REQUESTING TO DEBIT/CREDIT THE AMOUNTS ENTERED IN FIELDS A/B OR D/E ABOVE IN THE "BANK RESERVES" ACCOUNTS IN CRUZEIROS/CRUZADOS NOVOS, RESPECTIVELY, OF THE BANK: ----------------------------------------------------------------- SIGNATURE, NAME AND POSITION: CPF: ----------------------------------------------------------------- SIGNATURE, NAME AND POSITION: CPF: ----------------------------------------------------------------- PLACE AND DATE: TELEPHONE: