Circular No. 2757 — Amends the Value of the Salary Equalization Coefficient (CES) for Housing Finances Contracted under the Salary Equivalence Plan (PES) Established by Law No. 8,692 of July 28, 1993

CIRCULAR NO. 002757

Amends the value of the Salary Equalization Coefficient (CES) for housing finances contracted under the Salary Equivalence Plan (PES) established by Law No. 8,692 of July 28, 1993.

The Collective Board of Directors of the Central Bank of Brazil, in a session held on May 21, 1997, based on the provisions of Article 2 of Resolution No. 2,019 of October 18, 1993,

DECIDED:

Article 1. Fix the value of 1.05 (one and five 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 clause providing that the debt shall be subject, upon annual repactuation and until its liquidation, to any changes in the CES that may be promoted by the Central Bank of Brazil for housing finances contracted under the Salary Equivalence Plan (PES) established by Law No. 8,692 of July 28, 1993.

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

Article 4. Circular No. 2,540 of January 25, 1995, is hereby revoked.

Brasília, May 23, 1997

Alkimar Ribeiro Moura
Director