Grupo Votorantim - Banco Votorantim

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FOR YOUR COMPANY

Loans and Financing Investment and Capital Protection Trade Finance Structured Finance Local Undertaking

Investment Funds
   -Exclusive Fund
   -Open Fund
Corporate Debt
   -Debenture
   -Certificate of Deposit (CDB)
Derivatives
   -Futures
   -Swap
   -Option
   -Non-Deliverable Forward
Repurchase Agreement (Repo)
   -Repurchase Agreement (Repo)
Box Option
   -Box Option



Derivatives >> Non-Deliverable Forward

For those companies with future exposures in foreign currency and demanding protection against exchange-rate fluctuations, Banco Votorantim offers a product whereby the client buys or sells a specific amount of currency at a future date and agreed exchange rate. There is no physical delivery of the currency at contract settlement; the payment is net settled between the agreed exchange rate and the rate in force on the settlement date.