RegAlert2003-07-31 | Circular 3197Added
Circular No. 3197 — Establishes Conditions for Interbank Deposits Linked to Microfinance Operations
The Central Bank of Brazil establishes specific conditions for interbank deposits linked to microfinance operations, requiring a minimum term of thirty days and prohibiting the negotiation of these deposits. These rules apply under Article 6 of Resolution 3,109 of 2003 and enter into force on the date of publication.
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CIRCULAR NO. 003197
Establishes conditions for the realization of interbank deposits linked to microfinance operations, as provided for in Resolution 3,109 of 2003.
We inform you that the Board of Directors of the Central Bank of Brazil, in a session held on July 30, 2003, in view of the provisions of Article 6 of Resolution 3,109 of July 24, 2003,
DECIDED:
Article 1. To establish that the following specific conditions apply to interbank deposits linked to microfinance operations (DIM):
I - minimum term of thirty days;
II - prohibition of negotiation of the deposits.
Article 2. This circular enters into force on the date of its publication.
Brasília, July 31, 2003.
Sérgio Darcy da Silva Alves
Director
Lineage: In force
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