RegAlert
1999-05-20 | Circular 2890

Added

Circular No. 2890 — Amending the Conditions for Interfinancial Deposits with Immediately Available Funds Allowed by Circular No. 2,279 of February 16, 1993

Article 2 of Circular No. 2,279 is amended to require that interfinancial deposits with immediately available funds be remunerated exclusively at pre-fixed rates and have a term of two business days, subject to the provisions of Article 1 of Resolution No. 2,516 of June 29, 1998. This circular enters into force on the date of its publication and produces effects for interfinancial contracts entered into from May 31, 1999, inclusive.

Banco Central do Brasil logo

Brazil

Banco Central do Brasil

Scan of the document's first page
Share

BCB published 18 documents in the last 30 days — get each new one by email the day it lands.

Annotated text · 1 obligation · 0 permissions · 0 reporting items
  • Obligation 1
  • Permission 0
  • Definition / condition 3
  • Reporting template 0
  • background, boilerplate
Raw textAnnotated text

CIRCULAR NO. 002890

Amending the conditions for interfinancial deposits with immediately available funds, allowed by Circular No. 2,279 of February 16, 1993.

The Collegiate Board of the Central Bank of Brazil, in a session held on May 19, 1999, based on item II of Resolution No. 1,647 of October 18, 1989,

DECIDED:

Article 1. Amend Article 2 of Circular No. 2,279 of February 16, 1993, which shall henceforth read as follows:

"Article 2. The deposits referred to in this Circular shall be remunerated exclusively at pre-fixed rates and shall have a term of two business days, subject to the provisions of Article 1 of Resolution No. 2,516 of June 29, 1998."

Article 2. This Circular enters into force on the date of its publication, producing effects for interfinancial deposits contracted from May 31, 1999, inclusive.

Brasília, May 20, 1999

Luiz Fernando Figueiredo
Director

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: In force

Resolution CMN No. 1647 - Autho…1989Resolution CMN No. 1647 - Authorizes Multiple Banks, Commercial Banks, Investment Banks, Development Banks, Savings Banks, Credit Financing and Investment Companies, Real Estate Credit Companies, Savings and Loan Associations, and Leasing Companies to Receive Interbank Deposits (1989-10-18)Resolution CMN No. 2516 — Estab…1998Resolution CMN No. 2516 — Establishes business days for financial market operations (1998-06-29)Circular No. 2279 dated 1993-02…Circular No. 2279 dated 1993-02-16Circular No. 2890 — Amendingthe Conditions for Interfinan…1999-05-20 · this documentCircular No. 2890 — Amending the Conditions for Interfinancial Deposits with Immediately Available Funds Allowed by Circular No. 2,279 of February 16, 1993 (1999-05-20)Resolution CMN No. 2932 — Amend…2002Resolution CMN No. 2932 — Amends and Consolidates Rules on Operating Hours of Financial Institutions and Business Days for Financial Market Operations (2002-02-28)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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

More like this from BCB

BCB published 18 documents in the last 30 days. We email you each new one the day it's published.

Topics
payments