Rule · BCB · 26 May 1993 · Circular 2313
The board of directors of the Central Bank of Brazil decided to allow the expression "payable at any branch" to be included in the standard check model established by Resolution No. 885, of 22.12.83. The expression must be printed by means identical to that used for the personalization of the check, in the third plane, third band on the left, above the magnetic encoding field; any other identification means is prohibited. The check must bear special code 999-7 in line 1 and in CMC-7 characters, and shall be treated as a same-locality check for clearing settlement where the drawee bank is present or represented. Non-conforming checks are returned for reason "35". It enters into force on the date of publication.
CIRCULAR No. 2,313
CENTRAL BANK OF BRAZIL
Allows the inclusion of the expression "payable at any branch" in the standard check model - Resolution No. 885, of 22.12.83.
We inform that the board of directors of the Central Bank of Brazil, in a session held on 26.05.93, based on item III of Resolution No. 885, of 22.12.83, decided:
Art. 1. To allow the expression "payable at any branch" to be included in the standard check model established by Resolution No. 885, of 22.12.83.
Sole paragraph. Said expression must be printed by means identical to that used for the personalization of the check, in the third plane, in the third band on the left, above the field reserved for magnetic encoding of the check, and the use of any other means for such identification is prohibited.
Art. 2. The special code 999-7, indicating a national clearing house, must appear in the proper field of line 1 and in the CMC-7 characters of the check payable at any branch.
Art. 3. Checks containing the expression "payable at any branch" and the special code cited in the previous article shall be considered in the check and other instrument clearing system where they are presented, for the purposes of settlement by clearing, as checks of the same locality, provided that the drawee bank is present or represented in the system.
Art. 4. Checks presented in disagreement with the provisions of this Circular shall be returned for the reason "35- forged check, issued without prior control or responsibility of the banking establishment ("universal check"), or with adulteration of the drawee locality", provided for in art. 6 of the regulation annexed to Resolution No. 1,631, of 24.08.89, with the wording given by Resolution No. 1,682, of 31.01.90.
Art. 5. This Circular enters into force on the date of its publication.
Brasília (DF), 26 May 1993.
Cláudio Ness Mauch
Director
Francisco Amadeu Pires Felix
Director
This text does not replace the one published in the DOU and in Sisbacen.
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“provided for in art. 6 of the regulation annexed to Resolution No. 1,631, of 24.08.89”
“based on item III of Resolution No. 885, of 22.12.83”
“with the wording given by Resolution No. 1,682, of 31.01.90.”
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