The BNDES Exim Automatic is aimed at providing support to trade Brazilian goods abroad, at the post-shipment phase, through a network of accredited banks.
This credit line may be operationalized through two financing structures:
In neither structure is there right of recourse against the exporter. In both operational structures, the disbursement of funds by BNDES to the exporter, through the agent bank, is performed in reais in Brazil.
Brazilian exporters that wish to become competitive in trading their products abroad, avoiding the commercial and political risk of financing and with the benefit of receiving the export revenue upfront.
Importers seeking financing from BNDES to purchase brazilian goods through local banks with a credit line approved to manage the BNDES Exim Automatic.
Foreign banks seeking a competitive line of credit to originate sales to local customers.
Brazilian capital goods and consumer goods.
Basic commodities cannot be financed.
Up to 5 years.
Up to 10 consecutive semi-annual installments according to the Constant Amortization System (SAC), may be admitted grace period for principal of up to 12 months.
Up to 100% of the export value, limited to US$ 10 (ten) million per funding request, in the negotiated INCOTERM, at the discretion of BNDES.
Libor, corresponding to term of financing, plus BNDES’ spread (from 0.4% up to 1.35% per year, depending on the country risk classification to the country of the foreign bank), according to the following table:
|OECD country risk classification||BNDES Remuneration|
|0, 1, 2 e 3||0,40% p.a.|
|4 e 5||0,65% p.a.|
|6 e 7||1,35% p.a.|
Up to 1% flat on principal amount released to the exporter or up to US$ 10,000 per transaction.
Structure: letter of credit discount
The cost of issuing or confirming the letter of credit, which must be negotiated by the importer and the foreign bank.
Structure: contractual formalization
Spread of the foreign bank to assume the risk of the importer, which must be negotiated by the importer and the foreign bank.
The application for funding must meet the operational procedures defined within the BNDES Exim Automatic Financing Facility.