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Now your company can carry out financial transactions abroad in a practical and efficient way

FX Spot

We provide to our customers through FX Spot (buying/selling) between BRL and other currencies to settle in up 2 business day. The FX transaction enables our customers to receive or to fulfill obligations in foreign currencies abroad.

Target audience
Exporting companies, importers, insurance companies, financial institutions, non-resident investors (Resolution No. 4.373), service providers and other activities.
 
Benefits
• Safe and efficient operations abroad.
• Competitive rates.
• Online quotation platform.
• Digital signature of contracts via Internet through standard ICP-Brazil certification.

For further information, please contact our foreign exchange desk: Telephone: 55 (11) 5171.1270 | email: mesadecambio@bv.com.br  Office hours: Monday to Friday (except on Holidays), from 9:00 am to 6:00 pm. Bloomberg Code: BVOT | Reuters Code: BVBR

Deliverable Foward

Definition

  • Deliverable Forward that ensure a Future FX rate on its client exposure on maturity date.
  • By closing a Deliverable Forward, the client can sells on his currency (ex USD) and receive BRL (Brazilian Reais) at a forward rate (FX Spot + forward points);
  • Transaction will only be accepted by Brazilian Central Bank if the FX Forward rate is the same of FX Spot added forward points (reward);
  • Credit Limit is required;

 

 Benefits

  • Competitive cost compared with local-currency instruments;
  • Currency Physical Delivery

 

TAX

Income Tax on Reward (Forward Points):

IOF/Credit and IOF/FX zero-rated, in accordance with Decree nº 6.306/2007, art. 8º subsection XVII and art. 15-A, subsection II.

 

Until 6 months:

22,5%

Between 6 and 12 months:

20%

 

For Export Deliverable Forward:

 

Between 12 and 24 months

17,5%

Over 24 months:

15%

 

Legal Aspects

Circ. BCB nº 3.691/2013

 

For further information, please contact our foreign exchange desk: Telephone: 55 (11) 5171.1270 | email: mesadecambio@bv.com.br  Office hours: Monday to Friday (except on Holidays), from 9:00 am to 6:00 pm. Bloomberg Code: BVOT | Reuters Code: BVBR

Digital Signature

Our customers rely on the convenience of digital signature to validate FX contracts. The digital signature has unquestionable juridical value and is equivalent to a signature in your own handwriting. It is a secure solution that maintains the confidentiality and integrity of information transmitted over the Internet. The technology uses encryption and links the A1 or A3 standard RFB digital certificate to the electronic document. It is a guarantee of integrity and authenticity for all parties involved — the customer, the exchange broker (when applicable) and the financial institution.

Target audience

Exporting companies, importers, insurance companies, financial institutions, non-resident investors (Resolution No. 4.373), service providers and other activities.

 

Benefits

  • Documents protected with confidentiality and security.
  • Eliminates the manual process of collecting signatures and sending physical documents.
  • Eliminates the need of notarizing signatures.
  • Reduces logistics and document printing costs. 

 

Procedures:

In order to digitally sign your foreign exchange contracts, the company representatives must be registered with Banco Votorantim and have an A1 or A3 standard Digital Certificate (e-CPF) issued within the scope of ICP – Brazil.

 

For further information, please contact our foreign exchange desk: Telephone: 55 (11) 5171.1270 | email: mesadecambio@bancovotorantim.com.br  Office hours: Monday to Friday (except on Holidays), from 9:00 am to 6:00 pm. Bloomberg Code: BVOT | Reuters Code: BVBR

 

Click here to access the digital signature system.

Payment Instructions

Learn how to receive payment orders in foreign currency received from abroad:

 

Standard Chartered Bank – New York - USA  Swift Code: SCBLUS33  Chips ABA: 0256  Fedwire number: 026002561  Account number: 3544-034965-001  Banco Votorantim S/A – São Paulo – SP – Brasil.  Swift Code: BAVOBRSP For further credit to: Customer data

 

 

Commerzbank AG, Frankfurt am Main – Germany Swift Code: COBADEFF Account Number: 400871846200EUR Banco Votorantim S/A – São Paulo – SP – Brasil. Swift Code: BAVOBRSP For further credit to: Customer data

HSBC BANK PLC - London

Short Code : 400515

SWIFT: MIDLGB22

Euroclear Account Bank 37344096

SWIFT: MGTCBEBE

Euroclear Bank

For further credit to Banco Votorantim

SWIFT BAVOBRSP

Sumitomo Mitsui Banking Corp.- Tokyo – Japan

Swift Code: SMBCJPJT

Account Number: 4773

Banco Votorantim S/A – São Paulo – SP – Brasil.

Swift Code: BAVOBRSP

For further credit to: Customer data

Commerzbank AG, Frankfurt am Main – Germany

Swift Code: COBADEFF

Account Number: 400871846200CHF

Banco Votorantim S/A – São Paulo – SP – Brasil.

Swift Code: BAVOBRSP

For further credit to: Customer data

Nordea Bank Denmark A/S - Oslo

Swift Code: NDEANOKK

Account Number: 60010203581

Banco Votorantim S/A – São Paulo – SP – Brasil.

Swift Code: BAVOBRSP

For further credit to: Customer data

Nordea Bank Denmark A/S - Copenhagen

Swift Code: NDEADKKK

Account Number: 5000018858

Banco Votorantim S/A – São Paulo – SP – Brasil.

Swift Code: BAVOBRSP

For further credit to: Customer data

Commerzbank AG, Frankfurt am Main – Germany

Swift Code: COBADEFF

Account Number: 400871846200SEK

Banco Votorantim S/A – São Paulo – SP – Brasil.

Swift Code: BAVOBRSP

For further credit to: Customer data

 

How to fill a SWIFT Message

MT S103 Single Customer Credit Transfer

 

Payment Order to Brazil (Ex: USD - EUA)

Payment Order from Brazil

Ordering Customer *50 F

Full information regarding the ordering name (ordering name)

Full information regarding the issuer of the payment order in Brazil (name, CNPJ and complete address)

Intermediary 56

Standard Chartered Bank – New York - USA
Swift Code: SCBLUS33
Obs: can be used SWIFT or ABA or FEDWIRE 

Notify the Intermediary Bank regarding the payment order when aplicable.

Account with Inst.57

Banco Votorantim S/A – São Paulo – SP – Brasil.
Swift Code: BAVOBRSP
Account number: 3544-034965-001 

Full information of Beneficiary´s Bank abroad

Inform the Bank´s name and the SWIFT Code
Obs: Can be used SWIFT or ABA or FEDWIRE.

Beneficiary Customer*59

Full information of the Beneficiary in Brazil of the payment order

Beneficiary´s name, CNPJ and full address. If you have, please inform a Current Account with Banco Votorantim.

 Full information of Beneficiary´s resident abroad.

Inform name, complete address, account number and IBAN code.

IBAN - International Bank Account Number is an international standard for bank account identification, governed by ISO 13616, and registered with the Society for Worldwide International Financial Telecommunication (SWIFT).

Originally adopted by banks in Europe and recently in Brazil, regulated by the Central Bank.

Remittance Info. 70

Payment Details – information from ordering to beneficiary.
Ex: Contract number, invoice number

Details of Charges *71

This field indicates who assumes the bank expenses, being:

O U R - Expenses on behalf of the issuer of the payment order.
S H A – Shared expense between the ordering and beneficiary.

B E N – Expenses on behalf of the beneficiary.

(*) According to the contract between the banks, there may be deduction of the payment, even if the O U R tag is informed in field 71, in accordance with overseas market practices.

 

 

Operation subject to credit approval and product conditions.

The peace of mind and security your business needs to do large businesses

 

Import Letter of Credit

International guarantee instrument linked to foreign trade documentation with the purpose of guaranteeing the payment of the Brazilian import to the exporter abroad, linked to the strict compliance of the deadlines, terms and conditions established in the issuance of the credit document.

This modality allows Banco Votorantim to assume responsibility for import payment, granting greater security, convenience and credibility to suppliers abroad.

 

Target audience

Importers requiring an international guarantee to enable commercial transactions with suppliers abroad.

 

Benefits

  • Competitive rates.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Ease of negotiation with suppliers abroad.
  • Better conditions for import payments.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Stand-By Letter of Credit

Customers of Banco Votorantim requiring an international guarantee to enable their commercial transactions with a beneficiary abroad. We can provide the security to your performance or financial obligations.

Benefits

  • Competitive rates and better trading conditions for commitments undertaken abroad.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Easily enforced and accepted guarantee in lieu of financial deposits or disposal of customer's assets.
  • Can be used as a guarantee of payment abroad.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Bid Bond

A guarantee that we issue with the purpose of assuring the participation of a Brazilian company in a competitive bid abroad. This instrument guarantees the hedging of international bidding risks by paying a certain financial amount, if the conditions of the public notice are not fulfilled by the company.

Target audience

Customers of Banco Votorantim requiring an international guarantee to enable their commercial transactions with a beneficiary abroad.

Benefits

  • Competitive rates.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Easily enforced and accepted guarantee in lieu of financial deposits or disposal of assets and resources to participate in international bids.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Advanced Payment Bond

A guarantee that we issue with the purpose of ensuring, before a beneficiary abroad, the reimbursement of a foreseen or actual advance based on a commercial contract (for the supply of goods and/or services), which is received by a Brazilian company that is a customer of Bank Votorantim, if the conditions established are not fulfilled.

Target audience

Brazilian companies requiring a guarantee of reimbursement of the advance provided for in a commercial relationship with the beneficiary of the guarantee located abroad.

Benefits

  • Competitive rates and better trading conditions for commitments undertaken abroad.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Easily enforced and accepted guarantee in lieu of other forms of collateral (financial deposits or disposal of customer assets).

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Performance Bond

A guarantee that we issue for the purpose of ensuring compliance with the obligations of a Brazilian company (supply of goods or services, according to terms and conditions established in commercial contracts) before a beneficiary abroad.

Upon issuing a Performance Bond, Banco Votorantim guarantees the beneficiary's reimbursement for non-compliance with the obligations of the contracts for the supply of goods or services.

 

Target audience

Customers of Banco Votorantim requiring an international guarantee to enable their commercial transactions with a beneficiary abroad.

 

Benefits

  • Competitive rates and better trading conditions for commitments undertaken abroad.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Easily enforced and accepted guarantee in lieu of other forms of collateral (financial deposits or disposal of customer assets). Subject to credit approval.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

 

Operation subject to credit approval and product conditions.

More competitiveness for your company in the foreign market

Export Credit Note (NCE)

These are notes (or bills) intended for export financing, production of goods and services for export, and core export support and complementation activities.

Target audience

Exporting companies requiring advance of funds coming from the good to be exported, and also customers that are direct suppliers of the exporters.

Benefits

  • Flexibility in contracting and issuing in several currencies and indexes.
  • Zero rate for the tax on financial operations (IOF) for Credit and Foreign Exchange, if the export of goods, services or activities to support and complement the export is duly proven.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

ACC - Advance on exchange contract

Exporting companies requiring advance of funds coming from the good to be exported.

 

Benefits

  • Competitive rates in relation to the local market.
  • Availability of funds upon foreign exchange contracting in advance of up to 360 days prior to the date of shipment.
  • Zero rate of IOF (Credit and Foreign Exchange), since it is a export-linked financing operation, since duly proven.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Advances on Export Contracts (ACE)

Exporting companies requiring advance of funds coming from goods or services actually exported.

Benefits

  • Competitive rates in relation to the local market.
  • Availability of funds upon foreign exchange contracting in advance of up to 390 days after the date of shipment and presentation of the export documents.
  • Zero rate of IOF (Credit and Foreign Exchange), since it is a export-linked financing operation, since duly proven.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Export Prepayment (PPE)

Financing modality that advances funds in foreign currency arising from a future export of goods or services to the Brazilian exporter.

The prepayment is carried out by our branch located abroad, which allows the exporter to access better financing conditions, fulfilling the needs of the cash flow for their activities.

Target audience

Exporting companies requiring the advance of funds in foreign currency from the export of goods or services to be exported.

Benefits

  • Export financing alternative with longer deadlines when compared to the ACC/ACE.
  • It allows the exporter to obtain differentiated conditions in the foreign market, with attractive rates in relation to the local financing.
  • There is no restriction regarding the amounts to be financed*.
  • Payment flow adjusted according to the needs of your company**.
  • There is no incidence of IOF Credit and IOF Foreign Exchange, since the rate is reduced to zero***.
  • Zero Income Tax rate in the external remittance for payment of interest***.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Export Forfaiting

The Forfaiting or Export Cash Discount is a conventional foreign trade operation in which, through our branch abroad, we discount a set of foreign trade documents based on the withdrawal issued (negotiable financial document) for payment of exporters.

The discount allows the exporters to receive the funds in advance and to meet their cash flow needs for their respective activities.

Target audience Customers seeking to anticipate their export receivables.

Benefits

  • Attractive rates compared to the domestic market.
  • Prepayment of proceeds from the term sale made by the exporter.
  • Simplified documentation: it is necessary to present the foreign trade documentation accompanied by the Original Withdrawal endorsed.
  • Agility in the disbursement of the operation.
  • There is no incidence of taxes (IOF Credit, Foreign Exchange or Income Tax), upon compliance with the conditions established in the foreign trade documentation and related to the discount.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

 

Export Deliverable Forward

Definition

  • Deliverable Forward that ensure a Future FX rate on its client exposure on maturity date.
  • By closing a Export Deliverable Forward, the client can sells on his currency (ex USD) and receive BRL (Brazilian Reais) at a forward rate (FX Spot + forward points).
  • Transaction will only be accepted by Brazilian Central Bank if the FX Forward rate is the same of FX Spot added forward points (reward).
  • Credit Limit is required.


Benefits

  • Competitive cost compared with local-currency instruments.
  • Currency Physical Delivery (BRL-Brazilian Reais) on client account after receive USD.


Tax

Income Tax on Reward (Forward Points):
IOF/Credit and IOF/FX zero-rated, in accordance with Decree nº 6.306/2007, art. 8º subsection XVII and art. 15-A, subsection II. 

  • Until 6 months: 22,5%
  • Between 6 and 12 months: 20%
  • Between 12 and 24 months 17,5%
  • Over 24 months: 15%


Legal Aspects
Circ. BCB nº 3.691/2013

 

For further information, please contact your Relationship Manager or our Foreign Exchange Desk: (55 11) 5171.1270 or mesadecambio@bv.com.br, Monday to Friday, from 9:00 a.m. to 6:00 p.m. (except on Holidays). Bloomberg Code: BVOT | Reuters Code: BVBR

BNDES Exim Pre-shipment

As a BNDES financial agent, we offer financing to the national production of goods eligible for the Program, aimed at exports.

The current term for this type of operation is up to 48 months for shipment and amortization, depending on the size of the company and the good to be exported.

 

Target audience

It is indicated for export producing companies, established under Brazilian laws and having headquarters and management in the country, that wish to obtain working capital to finance the production of goods to be exported.

 

Benefits

The amount financed can reach up to 80% of the exports, depending on the size of the company and the good to be exported.

 

For further information, please contact your Relationship Manager.

BNDES Exim Pre-Shipment (Anchor Company)

As a BNDES financial agent, we offer financing to the national production of goods eligible for the Program, aimed at exports made through the Anchor Company (trading companies, exporting companies or other exporting companies that participate in the production chain and that acquire the production of other companies for export, at the discretion of BNDES).

The current term for this type of operation is up to 36 months for shipment and amortization, depending on the size of the company and the good to be exported.

 

Target audience

Indicated for exporting anchor companies, established under Brazilian laws and headquartered and with their management in the country, including trading companies or commercial exporting companies that wish to obtain working capital to finance the production of goods to be exported.

 

Benefits

The amount financed can reach up to 80% of the exports, depending on the size of the company and the good to be exported.

 

For further information, please contact your Relationship Manager.

Operation subject to credit approval and product conditions. *Subject to credit approval and productive capacity of the Exporter. **Subject to credit approval and production cycle of the Exporter. ***The non-incidence of taxes (zero tax rate) is subject to proper proof of exports of goods or services.

The support needed for your business to import and grow

Finimp - Import Financing

Finimp is a foreign currency financing for Brazilian importers who need to purchase products abroad. The funds are disbursed directly to the exporter located abroad in the agreed amount and term.

With such financing, the importer can rely on Banco Votorantim to obtain a term that will improve its cash flow for the payment of imports.

Target Audience

Importing companies that need time to pay their purchases of goods or services abroad.

Benefits

  • Financing of up to 100% of the asset’s amount*.
  • Competitive rate in relation to financing in local currency.
  • Term and payment flow adjusted according to the needs of your company**.
  • Flexibility for formalization and contracts in Portuguese.

 

Novelty: Please consult the financing of service import and local expenses related to Import.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Import Forfaiting (import cash discount)

The Forfaiting or Import Cash Discount is a foreign trade operation in which Banco Votorantim, through its branch abroad, discounts a set of foreign trade documents based on the withdrawal issued (negotiable financial document) for payment of exporters.

The transaction comprises the purchase of term receivables (for example, a bill of exchange), without right of recovery against the exporter, and payment in cash.

Target Audience

Brazilian importing companies who are customers of Banco Votorantim.

Benefits

  • Attractive rates compared to the domestic market.
  • Simplified documentation: it is necessary to present the foreign trade documentation accompanied by the Original Withdrawal endorsed.
  • There is no incidence of taxes (IOF Credit, Foreign Exchange or Income Tax), upon compliance with the conditions established in the foreign trade documentation and related to the discount.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Import Letter of Credit

International guarantee instrument linked to foreign trade documentation with the purpose of guaranteeing the payment of the Brazilian import to the exporter abroad, linked to the terms and conditions established in the issuance of the credit document.

This modality allows Banco Votorantim to assume responsibility for import payment, granting greater security, convenience and credibility to your suppliers abroad.

Target audience

Importers requiring an international guarantee to enable their commercial transactions with suppliers abroad.

Benefits

  • Competitive rates.
  • Wide network of Banco Votorantim partnering financial institutions abroad.
  • Ease of negotiation with suppliers abroad.
  • Better conditions for import payments.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Operation subject to credit approval and product conditions.* Subject to credit approval and analysis of import documentation. ** Subject to credit analysis and approval.

Products that offer better financial planning, convenience and comfort for your company

Floating - Fixed Rate Notes (FRN)

The FRN is an excellent alternative for raising funds in foreign currency through the issuance of a security in the international market by the customer.

Banco Votorantim assists Brazilian customers in the whole processes for this funding abroad, including the sale of the security in the international market.

 

Target Audience

Brazilian companies requiring working capital to carry out their activities.

 

Benefits

  • Alternative to get funds with differentiated conditions.
  • Access to foreign credit facilities with competitive costs.
  • Differentiated taxation compared to other instruments used to raise funds in foreign currency and within the domestic market.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Loan 4131

Loan 4131 is an overseas foreign currency loan granted through our overseas branch to our customers located in Brazil.

Target audience

Brazilian companies with working capital requirements for their activities.

Benefits

  • Access to foreign credit facilities with competitive costs.
  • Flexible deadlines, according to credit conditions.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Loan Offshore

Loan granted by our branch located abroad to customers of Banco Votorantim or Banco Votorantim Nassau Branch.

Target audience

Companies domiciled abroad requiring working capital.

Benefits

  • Alternative financing modality without compromising import and export guarantees.
  • Tax benefits (according to the country of the overseas creditor).

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

 

Onlending in foreign currency

Loan in local currency indexed to foreign currency through a repass operation. Funds can be used to finance working capital, assets, fixed assets, acquisitions or services.

Benefits

  • Opportunity for financing indexed to the exchange variation.
  • Access to foreign credit facilities with competitive costs.
  • Flexible deadlines, according to credit conditions.

 

IOF and rates

IOF (tax on financial operations) calculated according to current legislation. See our rate table for companies.

 

For further information, please contact your Relationship Manager or our Trade Finance experts.

Operation subject to credit approval and product conditions.