Resolution No. 3.633

RESOLUTION No. 003633 ------------------- Amends Resolution No. 3.622 of 9 October 2008. THE CENTRAL BANK OF BRAZIL, in the form of art. 9 of Law No. 4.595 of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on 30 October 2008, based on art. 1, § 5, of Provisional Measure No. 442 of 6 October 2008, and on art. 4, item XVII, of Law No. 4.595 of 1964, and in view of the provisions of arts. 26, § 1, and 28, § 2, of Complementary Law No. 101 of 4 May 2000, R E S O L V E D: Art. 1 Article 2 of Resolution No. 3.622 of 9 October 2008 shall henceforth have the following wording: "Art. 2 The Central Bank of Brazil is authorized to receive: ....................................................... II - in foreign currency loan operations, as collateral: a) 100% (one hundred percent), for sovereign securities denominated in United States dollars, issued by the Federative Republic of Brazil (Global Bonds) or by other countries, and in this case, must have a long-term rating equivalent to at least grade A; b) 100% (one hundred percent) for Advance on Exchange Contracts (ACC) operations, Advance on Delivered Exchange Contracts (ACE), import financing and operations contracted under Resolution No. 2.770 of 30 August 2000, denominated or referenced in United States dollars, with classification in risk categories AA, A and B; ....................................................... § 7 The Central Bank of Brazil may require the supplementation of the guarantees referred to in subitems "a" and "b" of item II with federal public securities or other assets in national currency, up to the limit of 140% of the value of the loan operation." (NR) Art. 2 This Resolution enters into force on the date of its publication. Brasília, 3 November 2008. Henrique de Campos Meirelles President