Financing granted by the BOC (Foreign Creditor) directly to the Brazilian importer for the purchase of goods and services, or financing of nationalization taxes, with flexible terms. Under current legislation, depending on the value and term of the operation, there may be a requirement to issue an SCE-Credit (Foreign Capital Information Provision - Credit at Bacen).

Modalities:

FINIMP Direct

Financing granted by the BOC (Foreign Creditor) directly to the Brazilian importer for the purchase of goods and services. Payment is made directly to the supplier on behalf of the importer. Operation with payment of interest, commission, payment of I.R. on the value of the interest at a rate according to the country of the external creditor, and with IOF at a zero rate because it is a direct external financing.

FINIMP - Local Expenses (Taxes)

Financing granted by the BOC (Foreign Lender) directly to the Brazilian importer to cover tax costs for the nationalization of imported goods. The Brazilian importer will transfer the funds in foreign currency via an exchange deal. This is an operation with payment of interest, commission, payment of income tax on the value of the interest at a rate depending on the country of the external creditor, and IOF at a zero rate as it is direct external financing.

FINIMP - Export Credit Agency (ECA)

Medium or long-term credit lines to cover the import of capital goods. In these operations, due to the amount and term involved, financing is used from Government Export Promotion Agencies in the producing countries of the traded goods. The most active are EXIMBANK (USA), HERMES (Germany), COFACE (France), EDC (Canada), among others. These are structured operations which generally finance 85% of the value of the good.