Circular No. 3066 — Authorizes Repo Operations Involving Credit Securitizations by the National Treasury and Certificates of Bank Credit Notes

CIRCULAR NO. 003066

Authorizes Repo Operations Involving Credit Securitizations by the National Treasury and Certificates of Bank Credit Notes.

The Executive Board of the Central Bank of Brazil, in a session held on October 17, 2001, based on Article 2, item XII, of the Regulation annexed to Resolution 2,675 of December 21, 1999,

DECIDED:

Article 1. To authorize the conduct of repo operations referred to in the Regulation annexed to Resolution 2,675 of December 21, 1999, having as their object credit securitizations by the National Treasury and certificates of bank credit notes.

Sole Paragraph. The repo operations conducted under the terms of this article are subject to the following operational limits:

I - in the case of credit securitizations by the National Treasury, to the limit established in Article 7, item I, letter "c", of the Regulation annexed to Resolution 2,675 of 1999;

II - in the case of certificates of bank credit notes, to the limit established in Article 7, item I, letter "e", of the Regulation annexed to Resolution 2,675 of 1999.

Article 2. This circular enters into force on the date of its publication.

Brasília, October 18, 2001

Sérgio Darcy da Silva Alves
Director