Regulatory Alerts2012-05-31 | SGDB Nº 029/2012Added · Updated
SGDB No. 029/2012: Registration of Early-Cancelled Time Deposits
Financial entities must record the number of the early-cancelled foreign currency time deposit, separated by a hyphen, in the operation number field alongside the new deposit number when processing early redemptions under Resolution No. 042/2012. This requirement applies to banks, mutuals, cooperatives, and private financial funds. The regulation mandates specific data entry protocols for these transactions to ensure accurate tracking.
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