RegAlertRule · BCB · 31 Aug 1995 · Circular 2610
Circular No. 2610 — Provides for the remuneration of automatically reinvested time deposits
Circular No. 2610 allows time deposits with automatic reinvestment under Resolution No. 2.172 of 30 June 1995 to stipulate remuneration at levels above or below the Basic Financial Rate (TBF), with the rate differential added to or subtracted from the TBF. It revokes the sole paragraph of art. 7 of Circular No. 2.588 of 5 July 1995 and enters into force on the date of publication.
CIRCULAR N. 002610
Provides for the remuneration of automatically reinvested time deposits.
The Board of the Central Bank of Brazil, in a session held on 29.08.95, based on art. 5 of Resolution No. 2.171, and on art. 4 of Resolution No. 2.172, both of 30.06.95,
DECIDED:
Art. 1. To establish that in the automatically reinvested time deposits referred to in Resolution No. 2.172 of 30.06.95, it is permitted to stipulate remuneration at levels higher or lower than the Basic Financial Rate - TBF, and the rate differential must be added to or subtracted from the TBF.
Art. 2. This Circular enters into force on the date of its publication.
Art. 3. The sole paragraph of art. 7 of Circular No. 2.588 of 05.07.95 is revoked.
Brasília, 31 August 1995
Cláudio Ness Mauch
Director of Norms and Organization of the
Financial System
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- Permission 1
- Definition / condition 3
- background, boilerplate
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (4)
- Superseded by
“Circulars No. 2,610, of August 31, 1995... are hereby revoked.”
- Amends
“The sole paragraph of art. 7 of Circular No. 2.588 of 05.07.95 is revoked.”
- Issued under
“based on art. 5 of Resolution No. 2.171, and on art. 4 of Resolution No. 2.172, both of 30.06.95”
- Resolution No. 2,171 — Establishes the methodology for calculating the Basic Financial Rate - TBF1995 · BCB
“based on art. 5 of Resolution No. 2.171, and on art. 4 of Resolution No. 2.172, both of 30.06.95”
Timeline
Amended 1 time · last 1999-10-14
- 1999-10-14
BCBCircular No. 2936 — Provisions on the inclusion in credit contracts of information regarding charges and other expenses, and the disclosure of effective monthly interest ratessupersedes
This document amends: Circular No. 2588 — Provides for the remuneration of transactions carried out within the financial market contracted based on the Basic Financing Rate - TBF
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