Grupo Votorantim - Banco Votorantim

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Local Undertaking
   -Local Undertaking
   -BNDES Local Undertaking



Local Undertaking >> Local Undertaking

Local guarantee whereby Banco Votorantim (guarantor) guarantee a third party to indemnify the default of a certain obligation. Local Undertaking can guarantee payment of fines, advances and other payments (loans, rents, taxes, lawsuits etc.) The beneficiaries can be individuals or legal entities (including BNDES, BM&F, CBLC, etc).
“Subject to credit approval”