Resolution CMN No. 3468 — Provides for the granting of the good performance bonus under Article 15 of Law No. 11,322 of 2006, as amended by Provisional Measure No. 372 of 2007

RESOLUTION NO. 003468

Provides for the granting of the good performance bonus under Article 15 of Law No. 11,322 of 2006, as amended by Provisional Measure No. 372 of 2007.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY POLICY COUNCIL, in a session held on June 26, 2007, considering the provisions of Article 4, item VI, of the aforementioned law, Articles 4 and 14 of Law No. 4,829 of November 5, 1965, Article 18 of Law No. 11,322 of July 13, 2006, and Article 9 of Provisional Measure No. 372 of May 22, 2007,

RESOLVES:

Article 1. The overdue installments from 2006 related to operations renegotiated under the terms of Article 1 of Law No. 10,437 of April 25, 2002, not acquired or not relieved of risk by the Union under the protection of Article 2 of Provisional Measure No. 2,196-3 of August 24, 2001, which were not settled by the financial agent with the National Treasury, must, provided they are settled by July 31, 2007, be calculated with the good performance bonus and without the incidence of the minimum price correction, as provided in Article 5, § 5, items III and V, letter "d", of Law No. 9,138 of November 29, 1995.

§ 1. For the purposes of this article, financial agents must adopt, by August 31, 2007, the following measures:

I - remit to the National Treasury the values related to the overdue installments from 2006, calculated from the due date until the date of actual payment, applying the pro rata die variation of the Selic Rate for federal public debt securities;

II - forward to the National Treasury Secretariat (STN):

a) a list of borrowers whose installments were regularized under the terms of Article 15, § 7, of Law No. 11,322 of July 13, 2006, as amended by Provisional Measure No. 372 of May 22, 2007;

b) a list of borrowers whose overdue installments from 2006 were remitted to the National Treasury on account of the risk.

§ 2. The data forwarded by financial agents to the STN must be verified by the Central Bank of Brazil, according to procedures defined by the aforementioned agency for the supervision of rural credit operations.

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

Brasília, July 2, 2007.

Henrique de Campos Meirelles
President