WebmailExport Financing Program - PROEX
The Export Financing Program - PROEX was established by the Federal Government to provide export financing for Brazilian conditions equivalent to the international market. The financial agent of the Union for the operationalization of the program is the Bank of Brazil. There are three forms of credit assistance:
Funding: Type of direct financing to Brazilian exporters (supplier's credit) or importer (buyer's credit), for cash payment to the exporter with funds obtained from the National Treasury. This type of support is directed primarily for the service for companies with gross annual revenues of up to $ 60 million. For additional information, visit www.bb.com.br/proex
Interest Rate Equalization: PROEX assumes part of the financial charges on loans granted by financial institutions, through equalization payments, making them compatible with the financial burden on the international market. For additional information, visit www.bb.com.br / PROEX
Exportable Production Financing: - PROEX Pre-Shipment - Created by CAMEX Resolution No. 45, dated August 26, 2009, its rules of operation set out in the MDIC Ordinance No. 208 of 10.20.2010, the modality is intended to meet demand for resources to finance the production of goods and services for export. To hire a credit operation in this modality, the exporter should contact the Bank of Brazil, the financial agent of PROEX. For additional information, visit www.bb.com.br / PROEX
Financing and Guarantee Committee of Exports - COFIG: Board member of the Board of Trade - CAMEX, the Governing Council has the powers to frame and monitor the operations of the Export Financing Program - PROEX and Export Guarantee Fund - FGE, establishing the parameters and conditions for financial assistance to exports and to provide assurance of the Union
Created by Decree No. 4993 of 18.02.2004, the COFIG unifies the functions that belonged to the Export Credit Committee - CCEx and the Board of Directors of the Export Guarantee Fund - CFGE has the purpose of examining jointly the operations of financing and guarantees for export.
BASIC LEGISLATION
- MDIC Ordinance No. 208 of 20.10.2010
- CAMEX Resolution No. 45 of 26.08.2009 - create the modality Proex Exportable Production Financing - PROEX Pre-shipment;
- CAMEX Resolution No. 35 of 22.08.2007 - Establishes guidelines for the use of the Export Financing Program - PROEX;
- LLaw No. 11,499 of 28.06.2007 adds to art. 2 and changes in art. 3 of Law No. 10184 of February 12, 2001, which provides for the granting of funding linked to the export of domestic goods or services;
- Decree No. 4993 of 18.02.2004 - Creates the Committee on Finance and the Export Guarantee ( COFIG;)
- CMN Resolution 3219 of 30/06/2004 - Redefines the criteria for operations of the equalization of interest rates of the Export Financing Program - PROEX;
- Law No. 10.184, of 02.12.2001-Provides for the granting of funding linked to the export of domestic goods or services;
- CMN Resolution No. 2,575, of 17.12.1998 - Redefines the criteria for financing Brazilian exports under the terms of the Export Financing Program - PROEX, and
- Senate Resolution No. 50, 16.06.1993 - Provides on the basis of art. 52, V and VII of the Constitution, on the external financing operations with budgetary funds of the Union
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