Circular No. 2540 — Amends the Value of the Salary Equalization Coefficient (CES) for Housing Finances Governed by Law No. 8,692 of July 28, 1993

CIRCULAR NO. 002540

Amends the Value of the Salary Equalization Coefficient (CES) for Housing Finances Governed by Law No. 8,692 of July 28, 1993.

The Board of Directors of the Central Bank of Brazil, in a session held on January 25, 1995, based on the provisions of Article 2 of Resolution No. 2,019 of October 18, 1993,

DECIDED:

Article 1. Establish the value of 1.12 (one whole and twelve hundredths) for the Salary Equalization Coefficient (CES) mentioned in Article 8 of Law No. 8,692 of July 28, 1993.

Article 2. The contractual provision referred to in Article 1, sole paragraph, of Resolution No. 2,019 of October 18, 1993, shall be implemented through a special clause establishing that the debt shall be subject, upon annual repactuation and until its liquidation, to any eventual changes to the Salary Equalization Coefficient that may be promoted by the Central Bank of Brazil for housing financings established under the auspices of Law No. 8,692 of July 28, 1993.

Article 3. This Circular enters into force on the date of its publication.

Brasília, January 25, 1995

Alkimar Ribeiro Moura
Director of Norms and Organization of the Financial System, in exercise