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For Brazilian exporters and importers (goods or services), Banco Votorantim offers future closing of foreign exchange transactions for the payment of either exports, imports or financial transactions (such as receiving or remitting local or foreign currency) to be settled at a future date. The local or foreign currency will be delivered at a future date, but the exchange rate is previous determined at the closing date.
This product enhances cash management, once there is no mismatch between the contract exchange rate and the settlement rate. If agreed in advance, local or foreign currency could be delivered at any time between FX contract and settlement date.
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Loans and Financing
