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Corporate Credit

Corporate Credit, which is subdivided into Corporate and Large Corporate, focuses on extending and structuring loans to companies with annual sales exceeding BRL200 million and BRL3 billion respectively. Lines are offered in accordance with each client’s profile and specific objectives.
 
Competitive advantages:
 
  •  Highly qualified team
  •  Agility in decision making and flexibility to meet clients’ needs
  •  Qualified treasury, assisting with the origination of new products
Banco BOCOM BBM mainly extends credit products for working capital in local currency and lines for trade finance in foreign currency.
Large Corporate is one of the segmentations of Banco BOCOM BBM’s Corporate Credit service. Its scope is the provision of specialized products and services for economic groups with a high level of corporate governance.
Its team comprises professionals with outstanding capabilities in identifying the best local and offshore credit structures and operationalizing them swiftly and flexibly.

Extension of credit to Chinese companies with operations in Brazil.

products and Services

Line of Credit aimed at meeting the cash position of the Company, whether for financing its operational cycle, or honoring its general financial obligations.

Line of Credit in foreign currency to meet the working capital needs of the Company. It may be granted abroad (4.131 Loan) or in the country through on-lending transactions of external loans (loan according to Resolution No. 3.844, former Resolution No. 2.770).

Discount of receivables carried out by third parties against the company (usually a supplier receivable, which offers goods already performed in deferred payments). When receivables are anticipated, the Bank provides funds to the suppliers and eliminates the need for the company anticipated the payment of its obligations.

In this modality, the owner company of the credit (seller) grants, partially or fully, credit to the Bank (buyer). The credit assignment may occur with the coobligation of the seller (i.e., in case of default, the seller is responsible, along with the Bank, for the settlement of that credit) or without coobligation (the Bank takes on all of the credit risk). This modality includes receivables from deferred sale of goods and services by the company (discounting of receivables).

Discount of Letters of Credit issued by other financial institutions abroad.

It is a compromise agreement whereby the Bank (guarantor) guarantees the fulfillment of payment obligations belonging to its clients (warrantee) before a third party (beneficiary). Usually, a letter of guarantee may be: (i) financial, when related to general financial obligations of the Company, (ii) judicial, when linked to provided guarantees in fiscal or labor legal proceedings, or; (iii) related to bidding processes ("bid-bonds" and "performance-bonds").

BOCOM BBM may act as guarantor of credit transactions provided directly by BNDES.

Credit destined to the promotion of coffee sector (including coffee producers, cooperatives and industries).

Credit to rural producers and cooperatives, in order to cover expenses related to costing ("custeio"), investment ("investimento") and trading ("comercialização"). Also applicable to agroindustries for purposes of disposal of rural products.

It is a modality of financing granted to the Brazilian exporter in the pre-shipment stage, corresponding to the future export (ACC), or post-shipment, with goods which have already been boarded and whereby the payment occurs in deferrals (ACE). The funds are released to the Company in national currency and, on the due date, the transaction is settled in foreign currency with funds originated from the financed exportation.

It is a modality of long-term financing in foreign currency, granted to the exporting Company.

It is a type of export financing in national currency, which is granted to the Company based on the budget of the financed export.

Purchase of foreign currency by the Bank, whereby the exports are carried out by the Company, with delivery of national currency in the country.

It is a modality of financing in foreign currency, granted to the importing company, with term dates compatible with its operational cycle.

Instrument issued by the Bank which provides to a third party (beneficiary) the payment of an import carried out by the Company, upon presentation of documents related to the commercial transaction. It may be issued for payment in deferrals or payment at sight.

Sale of foreign currency by the Bank for the payment of the Company's imports to beneficiaries abroad.

Purchase and sale of foreign currency to meet trade and capital flow, as well as other operations of the Company.

Transactions carried out in the country with the Company for protection against oscillation in the price of foreign currencies, interest rates, or commodities.

Allocation of cash equivalents of the Company to meet its liquidity needs.

A Receivables Investment Fund (“Fundo de Investimento em Direitos Creditórios" - FIDC) is a vehicle for securitization of receivables.

In general terms, a company transfers its receivables to FIDC, with the purpose of ancitipating the receipt of these funds, with a discount.

The FIDC obtains funds for the acquisition of these credits through the issuance of quotas, which shall be remunerated exclusively based on the receipt of the acquired credit payments. The FIDC may remain indirectly exposed to the risks and returns of such receivables.

It is possible to generate different combinations of risk and liquidity  by combining credit rights ("direitos creditórios") which constitute the FIDC portfolio. These receivables may be classified as "to be performed" or "performed", and "revolving" or "static", as described below:

  • receivables to be performed arise from a future contract of delivery, or provision of goods or services; 
  • performed receivables are those where the delivery or provision of goods or services has already occured;

  • revolving receivables refer to the delivery or provision of goods or services which requires a replacement such as, for instance, financing of durable goods; and 

  • static receivables refer to financing of long-term projects.
Agribusiness Credit Receivables Certificates ("Certificado de Recebíveis do Agronegócio" - CRA) are fixed income securities whose underlying are receivables originated in the contracts between rural producers, or their cooperatives, and third parties, including financing or loans related with the production, commercialization, or industrialization of the products or agricultural inputs or machines and implements used in agricultural activity. 
 
 

Advantages to the Investor:

  • Fiduciary System – Assets Segregation;
  • Participation of Several Agents – Transparency and Reliability, and;
  • Currently, CRA transactions are IRRF-exempt (Withholding Income Tax) for individuals.
 

Advantages for a Borrower:

  • New Source of Fundraising;
  • Competitive Rates; and
  • Currently, CRA transactions are IOF-exempt (Tax on Financial Operations).

Real Estate Credit Receivables Certificates ("Certificado de Recebíveis Imobiliários" - CRI) are fixed income securities whose underlying assets are receivables related to the real estate sector. The nature of the underlying assets may be: (i) purchase and sale, or real estate leasing, or (ii) corporate credit, whose funds are aimed at the real estate sector.

Advantages to the Investor:

  • Fiduciary System – Assets Segregation;
  • Participation of Several Agents – Transparency and Reliability, and;
  • Currently, CRI transactions are IRRF-exempt (Withholding Income Tax) for individuals.
 

Advantages for a Borrower:

  • New Source of Fundraising;
  • Competitive Rates; and
  • Currently, CRI transactions are IOF-exempt (Tax on Financial Operations).

Promissory Note (or Commercial Paper) is a security which may be issued by companies constituted as corporations, publicly-listed or closed, limited liability company or agricultural cooperatives. Some of the general parameters for issue of this security include: the payment of interest and principal occurs in a lump-sum payment on the due date and the term of the Promissory Note may be greater than 360 days, given that the offer complies with the rules of Restricted Distribution Efforts Offering and a fiducuary agent is hired. The main advantage of fundraising via issue of Promissory Notes is the agility of the process combined with more competitive structuring costs, when compared to other products in the capital markets.

Debenture is a security, representative of debt and issued by a company constituted as a corporation ("sociedade anônima"), publicly-traded or closed, which ensures its holders  a right of credit against the issuing company. The main advantage in the access to capital markets via debentures is the potential reduction of interest rates and  optimization of the operation characteristics, such as: (i) term, (ii) provided guarantee and, (iii) other issuance conditions.