Circular No. 2.139

CIRCULAR No. 002139 ------------------ TO FINANCIAL INSTITUTIONS AMENDS THE VALUES ESTABLISHED IN NATIONAL TREASURY BONDS - BTN PROVIDED FOR IN ARTICLES OF THE REGULATION ANNEXED TO RESOLUTION No. 1.682, OF 31.01.90. WE INFORM THAT THE BOARD OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 26.02.92, USING THE COMPETENCE DELEGATED BY ART. 2 OF RESOLUTION No. 1.682, OF 31.01.90, DECIDED: ART. 1. TO REVOKE ART. 26 AND AMEND ARTS. 8, 13, 20 AND 23 OF THE REGULATION ANNEXED TO RESOLUTION No. 1.682, OF 31.01.90, WHICH SHALL HAVE THE FOLLOWING WORDING: "ART. 8. REASON 14, DISHONEST PRACTICE, TO BE USED EXCLUSIVELY BY BANKS THAT ASSUME THE "PROMPT ACCEPTANCE COMMITMENT" REFERRED TO IN ARTICLE 13, IS CHARACTERIZED WHEN: A) MORE THAN 3 (THREE) INSUFFICIENT FUNDS CHECKS IN THE AMOUNT OF UP TO CR$ 7.500,00, DRAWN AGAINST THE SAME DEPOSIT ACCOUNT, ARE PRESENTED ON THE SAME DAY; OR B) 3 (THREE) OR MORE INSUFFICIENT FUNDS CHECKS IN THE AMOUNT OF UP TO CR$ 7.500,00 HAVE ALREADY BEEN PAID, ON DIFFERENT DATES, DUE TO THE AFOREMENTIONED "COMMITMENT". ART. 13. BANKS MAY ASSUME, WITH REGISTRATION AT THE CENTRAL BANK OF BRAZIL - REGISTRATION DEPARTMENT, A "PROMPT ACCEPTANCE COMMITMENT", REVOCABLE AT ANY TIME, WHEREBY THEY UNDERTAKE NOT TO RETURN CHECKS IN THE AMOUNT OF UP TO CR$ 7.500,00 FOR REASONS 11 AND 12. ART. 20. A SERVICE FEE SHALL BE CHARGED TO BANKING ESTABLISHMENTS, PER OCCURRENCE, IN THE AMOUNT OF CR$ 15.000,00, WITH REIMBURSEMENT FROM THE ACCOUNT HOLDER PERMITTED EXCLUSIVELY IN THE CASE PROVIDED FOR IN ITEM "C" OF ARTICLE 19. ART. 23. THE DRAWEE ESTABLISHMENT MAY CHARGE THE ACCOUNT HOLDER A SERVICE FEE IN THE AMOUNT OF CR$ 15.000,00, RELATING TO THE EXCLUSIONS OF THE OCCURRENCES PROVIDED FOR IN ITEM "B" OF ARTICLE 22, PROVIDED THAT IT HAS NOT DONE SO AT THE TIME OF INCLUSION." ART. 2. THE VALUES EXPRESSED IN TERMS ALREADY SIGNED AND IN ANNEXES I AND II OF CIRCULAR No. 1.591, OF 09.03.90, SHALL BE AUTOMATICALLY REPLACED BY THE VALUES DEFINED IN THIS CIRCULAR. ART. 3. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION AND THE NEW VALUES SET SHALL ENTER INTO FORCE AS OF 16.03.92. BRASÍLIA (DF), 26 FEBRUARY 1992 GUSTAVO JORGE LABOISSIÈRE LOYOLA DIRECTOR