Circular No. 3.452

CIRCULAR No. 003452 ------------------ Amends Circular No. 3.418 of 4 November 2008, as amended by Circular No. 3.444 of 25 March 2009. The Board of Directors of the Central Bank of Brazil, in a meeting held on 16 April 2009, based on arts. 10, item V, and 11, item III, of Law No. 4.595 of 1964, and on art. 7 of Resolution No. 3.622 of 9 October 2008, D E C I D E D: Art. 1 The items "b" and "d" of paragraph 3 of art. 2 of Circular No. 3.418 of 4 November 2008, as amended by Circular No. 3.444 of 25 March 2009, shall take effect with the following wording: "Art. 2 .............................................. ....................................................... § 1 .................................................. ....................................................... § 2 .................................................. ....................................................... § 3 Without prejudice to the procedure established in §§ 1 and 2, the following assets may, at the discretion of the Central Bank of Brazil, be accepted as collateral for foreign currency loans, in the proportion of 100% (one hundred percent): a) .................................................... b) advance receipt of exports; c) .................................................... d) import financing; e) .................................................... f) .................................................... g) .................................................... § 4 .................................................. ................................................." (NR) Art. 2 This circular enters into force on the date of its publication. São Paulo, 17 April 2009. Mario Torós Director