Procedural Regulation for Dobra Banknote Deposits

Banco Central de S. T. P.	N A P <br> NORMA DE APLICAÇÃO PERMANENTE	CÓDIGO
		EO 99
PROPONENT (S)	ENTRY INTO FORCE	ISSUANCE DATE
D.E.T	09/09/2008	02/09/2008

Subject: Procedural Regulation for Dobra Banknote Deposits

Considering that the current format for processing Dobra Banknote Deposits at the Central Bank shows some limitations in terms of verification and control;

There is a need to harmonize the procedures related to the compilation of notes by Commercial Banks operating in the National Financial System;

Considering the importance of regulating the entire process of receiving, checking, and recording the amounts to be deposited at the Central Bank of São Tomé and Príncipe.

In these terms, the Central Bank of São Tomé and Príncipe determines:

Article 1. Recipients

The recipients of this regulation are all financial institutions supervised by the Central Bank, which operate in São Tomé and Príncipe.

Article 2. Object

This Permanent Application Norm (NAP) regulates the process of compilation, verification, and recording of values to be deposited with the Central Bank of São Tomé and Príncipe, by financial institutions and other institutions authorized by the Central Bank.

Reviewed | Revocation Data:

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Banco Central de S. T. P.	N A P <br> NORMA DE APLICAÇÃO PERMANENTE	CÓDIGO
		EO 99
PROPONENT (S)	ENTRY INTO FORCE	ISSUANCE DATE
D.E.T	09/09/2008	02/09/2008

Article 3. Compilation

In the process of compiling notes, financial institutions must observe the following:

1. Separation of notes by denomination;
2. Separation of torn notes and those with significant signs of wear;
3. Grouping according to a uniform criterion for forming bundles (macetes);
4. Grouping into thousands (milheiros) according to the state of the bundles.

Article 4. Formation of Bundles and Thousands

1. A bundle (macete) consists of one hundred (100) notes, and a thousand (milheiro) is formed by a total of ten (10) bundles.

2. The bundles must be properly identified, and for the relevant purposes, a band containing the identification of the financial institution and a signature from the Cashier, Checker, or Treasurer is considered valid.

3. The thousands must be properly banded to facilitate the preliminary verification process.

Article 5. Formation of Deposits

Deposits with the Central Bank of São Tomé and Príncipe will be validated after the full verification of bundles and thousands, presupposing the observance of the above-referenced requirements.

Reviewed | Revocation Data:

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Banco Central de S. T. P.	N A P <br> NORMA DE APLICAÇÃO PERMANENTE	CÓDIGO
		EO 99
PROPONENT (S)	ENTRY INTO FORCE	ISSUANCE DATE
D.E.T	09/09/2008	02/09/2008

Article 6. Differences

1. The excess amount resulting from the note counting process will be credited to the corresponding deposit account.

2. The total shortage amount resulting from the note counting process will be debited from the corresponding deposit account.

3. The provisions in points 1 and 2 are processed automatically and brought to the attention of the interested parties through the issuance of a Credit or Debit Note.

Article 7. Non-compliance

Non-observance of the provisions of this Permanent Application Norm implies the return of the total amount to be deposited.

Article 8. Entry into force

This Permanent Application Norm enters into force on the date of its publication.

Central Bank of São Tomé and Príncipe, September 2, 2008.

Reviewed | Revocation Data: