Circular No. 3312 — Authorizes Repo Operations with Obligations Issued by the IFC and Revokes Circular 3.265 of 2004

CIRCULAR NO. 003312

Authorizes the conduct of repo operations with obligations issued by the IFC - International Finance Corporation and revokes Circular 3.265 of 2004.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 1, 2006, based on Article 9 of Law 4.595 of December 31, 1964, and Article 2, item XXII, of the Regulation annexed to Resolution 3.339 of January 26, 2006, and considering the provisions of the latter norm,

DECIDED:

Art. 1. To authorize the institutions referred to in Article 6 of the Regulation annexed to Resolution 3.339 of January 26, 2006, to conduct repo operations with obligations issued by the IFC - International Finance Corporation in accordance with Resolution 2.845 of June 29, 2001.

Art. 2. Circular 3.265 of December 15, 2004, which alters the operational limits for the conduct of repo operations, is hereby revoked.

Art. 3. This circular enters into force on the date of its publication.

Brasília, February 2, 2006.

Sérgio Darcy da Silva Alves Rodrigo Telles da Rocha Azevedo Director Director