Circular No. 3.153

CIRCULAR N. 003153 ------------------ Amends and adds provisions to the regulation annexed to Circular 3.105, of 5 April 2002, which deals with the Rediscount operations of the Central Bank. The Collegiate Board of the Central Bank of Brazil, in a session held on 25 September 2002, based on art. 10, items V and XII, of Law 4.595, of 31 December 1964, renumbered by virtue of arts. 19 and 20 of Law 7.730, of 31 January 1989, and on Resolution 2.949, of 4 April 2002, D E C I D E D: Art. 1 Amend art. 2 of the regulation annexed to Circular 3.105, of 2002, which shall henceforth have the following wording: "Art. 2 The Rediscount operations of the Central Bank are granted, at the exclusive discretion of the Central Bank of Brazil, upon request of the interested financial institution, except for the automatic granting of a one-business-day operation, referred to in art. 11-A of this regulation." (NR) Art. 2 Add art. 11-A to the regulation annexed to Circular 3.105, of 2002, with the following wording: "Art. 11-A. The operation in the modality of intraday purchase with resale commitment, pending settlement at the end of the operating hours of the Reserve Transfer System - STR shall be settled automatically by the Central Bank of Brazil, on the same day, with simultaneous granting of an operation of the same nature and with a term of one business day, observing the rules relating to the Bank Reserves account. Sole paragraph. The operation with a term of one business day granted as provided in the "caput" shall have as its object the same securities as the intraday operation settled automatically." Art. 3 This circular enters into force on 14 October 2002. Brasília, 25 September 2002 Luiz Fernando Figueiredo Director