Circular No. 3.399

CIRCULAR N. 003399 ------------------ Provides for the remittance of daily information referring to the total exposure in gold, in foreign currency and in operations subject to exchange variation and to the portions related to the market risk of the Required Reference Equity (PRE), dealt with in Resolutions Nos. 3.488 and 3.490, both of 2007. The Collegiate Board of the Central Bank of Brazil, in a session held on 22 July 2008, based on the provisions of arts. 10, item IX, with the renumbering given by Law No. 7.730, of 31 January 1989, and 11, item VII, of Law No. 4.595, of 31 December 1964, and in view of the provisions of Resolutions Nos. 3.488 and 3.490, both of 29 August 2007, D E C I D E D: Art. 1 The financial institutions and other institutions authorized to operate by the Central Bank of Brazil subject to the limit for the total exposure in gold, in foreign currency and in operations subject to exchange variation, dealt with in Resolution No. 3.488, of 29 August 2007, and to the Required Reference Equity (PRE), dealt with in Resolution No. 3.490, of 29 August 2007, must prepare and remit the daily information relating: I - to exposure in gold, in foreign currency and in operations subject to exchange variation; II - to the PCAM, PJUR, PCOM and PACS portions of the PRE. Art. 2 The following are exempt from the remittance of the information dealt with in art. 1: I - credit cooperatives; II - development agencies; III - credit, financing and investment companies; IV - savings and loan associations; V - real estate credit companies; VI - mortgage companies; and VII - financial institutions, except banks, for which the sum of the portions mentioned in art. 1, caput, item II, is, in all thirty business days immediately prior to the respective base date, less than R$3.000.000,00 (three million reais) and 0.05 (five hundredths) of the Reference Equity (PR), defined in the terms of Resolution No. 3.444, of 28 February 2007. Sole paragraph. The exemption referred to in item VII depends on communication to the Department of Monitoring of the Financial System and Information Management (Desig), and the remittance of the information becomes mandatory again when the conditions mentioned therein cease to be observed. Art. 3 The remittance of information relating to economic-financial consolidated statements is exempted. Art. 4 The information dealt with in this circular, including the communication referred to in art. 2, must be remitted to Desig, in the form to be established by it, by the third business day following the respective base date. Sole paragraph. The information relating to the period from 1 July 2008 to 15 August 2008 must be remitted by 20 August 2008. Art. 5 The procedures relating to the preparation and timely remittance of the information dealt with in this circular are the responsibility of the director indicated in the terms of art. 4 of Resolution No. 3.490, of 2007. Art. 6 This circular enters into force on the date of its
publication. Art. 7 Circular No. 3.378, of 27 February 2008, is revoked. Brasília, 23 July 2008. Alvir Alberto Hoffmann Alexandre Antonio Tombini Director Director