Description
Follows the new rules to negotiate any type of brazilian LTN:
green, blue and purple on CETIP or CBLC
1) Signature of contract between seller and buyer will must be
only into agencies of Banco do Brasil SA in Brazil or foreign only
into the agencies of this bank located in London or
Switzerland.
2) The two banking managers (administrative and commercial)
will give consent of the operation and will sign the same
contract.
3) Buyer must register himself into BACEN and the operation
only will be started after he has received the RDE/ROF and CADEMP
registries.
4) The POP will be shown only inside Banco do Brasil bank in
brazil or in London or Switzerland.
5) Taxes payment (IRPF and IF) only into Banco do Brazil in
national territory.
6) Consults or international banking confirmations about
CETIP, CETIP S.A, SELIC, CBLC, RAM into conventioned banks will
need only via BACEN or National Treasure in international
operations, BOVESPA, EUROCLEAR or DTC are not authorized to confirm
brazilian LTN.
7) Receipts:
Brazil – only into any agency of Banco do Brasil SA
International – only into London Banco do Brasil SA or
Switzerland Banco do Brasil SA
no other bank can be LEADER any more.
8) Exigencies and obligations:
Buyer must be open a bank account into Banco do Brazil in
Brazil or in London agency or in Switzerland agency
Seller must be open a bank account into Banco do Brazil in
Brazil or in London agency or in Switzerland agency
The name of buyer into bank account must be the same of the
registries of RDE/ROF and CADEMP, attorneys, mandates,
representatives, brokers or agents are not allowed to sign
contracts by buyer as well as open bank account in buyer
name.
9) Payment terms:
1% a deposit of operation value at moment of signature of
contract and after the exchange the RDE/ROF/CADEMP and blocking
receipts of assets
*5% of income taxes
6% of the capital must be send to Brazil via guide
collection
The rest inside the bank choosen between the parts and
registered into the contract. The transferring the rights of
concession and ownership will be supervisioned by BACEN.
misdemeanors:
1) Removing the brazilian LTNs to out of the Brazil –
CRIME
2) Putting the brazilian LTNs on Euroclear system by juridical
person or normal person – CRIME
3) Use other banking system to confirmation the brazilian LTN
– CRIME
4) Usage of any other different bank, traders, softwares in
brazilian ltn operations of Banco do Brasil SA – CRIME
5) Exchange of any documents without BACEN supervision –
CRIME
6) Cartularies assets or repactuated assets negotiated out of
brazilian bank system will always be considered fake assets –
CRIME
7) The assets on CETIP or on CETIP SA being negotiated out of
brazilian bank system or without BACEN authorization – CRIME
8) Putting SKR on brazilian LTNs – CRIME
Penalty
Prison in any worldwide place by Interpol, FBI or Federal
Police of Brazil
Send full package of the assets at first is forbidden too, the
buyer needs move first and identify himself into BACEN and National
Treasure and follows the new rules no exceptions.
