Resolution CMN No. 3677 — Sets the Maturity Date for Installments of Operations under the Bahia Cocoa Crop Recovery Program

RESOLUTION NO. 003677

Sets the Maturity Date for Installments of Operations under the Bahia Cocoa Crop Recovery Program.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on January 29, 2009, considering the provisions of Article 4, item VI, of Law No. 4,595 of 1964, Articles 4 and 14 of Law No. 4,829 of November 5, 1965, and Article 5 of Law No. 10,186 of February 12, 2001,

RESOLVES:

Art. 1. Operations from stages 1 to 4 and financing for the acquisition of National Treasury Certificates (CTN), within the scope of the Bahia Cocoa Crop Recovery Program, whose borrowers have expressed interest in renegotiating their debts by December 12, 2008, under the conditions established by Law No. 11,775 of September 17, 2008, may be maintained in a normal status until June 30, 2009, without prejudice to the observance of the provisions of Resolution No. 2,682 of December 21, 1999, regarding the classification of operations.

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

Brasília, January 29, 2009.

Alexandre Antonio Tombini
Substitute President