RegAlertRule · BCB · 11 Jul 2013 · Circular 3663
Circular No. 3663 — Amends the Regulation Annexed to Circular No. 3105 of 5 April 2002 on the Central Bank Rediscount
Article 1 of the regulation annexed to Circular No. 3105 of 5 April 2002 now provides that access to the Central Bank's Rediscount is restricted to operations in the modality of purchase with resale commitment, intraday and one business day, of federal public securities registered in the Special System for Settlement and Custody (Selic). This access applies to financial institutions holding a Settlement Account and to development banks holding a Banking Reserves account. The Circular enters into force on the date of its publication.
Circular No. 3.663
The Collegiate Board of the Central Bank of Brazil, in a session held on 11 July 2013, based on art. 10, items V and XII, of Law No. 4.595, of 31 December 1964, on art. 28, § 2, of Complementary Law No. 101, of 4 May 2000, on art. 10 of Law No. 10.214, of 27 March 2001, and on Resolutions nos. 2.949, of 4 April 2002, and 4.241, of 28 June 2013,
R E S O L V E :
Art. 1 The art. 1 of the regulation annexed to Circular No. 3.105, of 5 April 2002, shall take effect with the following wording:
“Art. 1 ....................................................... Sole paragraph. The access of financial institutions holding a Settlement Account and of development banks holding a Banking Reserves account to the Central Bank's Rediscount is restricted to operations in the modality of purchase with resale commitment, intraday and one business day, of federal public securities registered in the Special System for Settlement and Custody (Selic).” (NR)
Art. 2 This Circular shall enter into force on the date of its publication.
Aldo Luiz Mendes Director of Monetary Policy
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- Obligation 1
- Definition / condition 3
- background, boilerplate
Lineage: No known changes
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The links and the sentences they come from (6)
- Amends
“The art. 1 of the regulation annexed to Circular No. 3.105, of 5 April 2002, shall take effect with the following wording”
- Issued under
- Resolution No. 4,2412013 · BCB
“and 4.241, of 28 June 2013”
“and on Resolutions nos. 2.949, of 4 April 2002”
“on art. 10 of Law No. 10.214, of 27 March 2001”
“on art. 28, § 2, of Complementary Law No. 101, of 4 May 2000”
“based on art. 10, items V and XII, of Law No. 4.595, of 31 December 1964”
Timeline
This document amends: Circular No. 3105 — Establishes the Banco Central Rediscount, Approves Its Regulation and Consolidates Its Rules
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