1997-09-05 | Circular 2775Added
This circular amends Article 1 of Circular No. 2,367 of September 23, 1993, by adding a fifth paragraph that defines public sector entities as delinquent regarding marketable debt if they have overdue and unredeemed debts on the business day immediately following the due date. The regulation applies to government bodies and entities within the public sector for the purpose of calculating marketable debt obligations. The circular enters into force on the date of its publication, which is September 5, 1997.
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Sistema de Registro de Operações de Crédito com o Setor Público - CADIP - alters Article 1 of Circular No. 2,367 of September 23, 1993.
The Collegiate Board of the Central Bank of Brazil, in a session held on September 3, 1997, based on the provisions of Articles 10 and 11 of Resolution No. 2,008 of July 28, 1993,
DECIDED:
Article 1. Include a Fifth Paragraph in Article 1 of Circular No. 2,367 of September 23, 1993, which shall enter into force with the following wording:
"Article 1. .......................................................
Fifth Paragraph. For the purpose of marketable debt, public sector bodies or entities that present overdue and unredeemed debts on the business day immediately following the due date are considered delinquent."
Article 2. This Circular enters into force on the date of its publication.
Brasília, September 5, 1997
Paolo Enrico Maria Zaghen
Director
Amended 1 time · last 2022-03-09
This document amends: Circular No. 2367 — Establishes and Regulates the System for Recording Credit Operations with the Public Sector
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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