Argentine Pre-Export Financing
Loans in foreign currency granted prior to the shipping of goods intended for export, aimed at financing the production and preparation processes thereof.
Benefits
- Obtaining of resources to produce goods intended for export, at highly-competitive interest rates.
- Obtaining of working capital for up to 365 days prior to the shipping of goods intended for export.
Users
The final exporters from the agriculture and livestock, industrial and mining sectors, who are BNA customers with an approved credit limit.
Characteristics of the Loan
It is a loan in US dollars, for a term of up to 365 days and covers up to 90% of the FOB value.
Requirements
Apart from the credit relationship with the Bank, some of the elements usually present in the trading of goods for export may be required, as applicable.
For the agriculture and livestock sector
- Irrevocable documentary credit open in their favor,
- Firm purchase order or agreement, or
- Confirmation of the transaction by the intervening broker or purchaser, expressly including in the communication receipt (by e-mail, Swift, telex, fax or notice by mail) that the goods are intended for export.
For the industrial and mining sectors
- Irrevocable documentary credit open in their favor, or
- Firm purchase order or agreement.
BNA Pre-Export Financing in Foreign Currency
| Target | Support | Term | Guarantee | Cancellation |
|---|---|---|---|---|
| AGRICULTURE AND LIVESTOCK SECTOR: Final Exporters | Transactions based on documents: Up to 90% of the FOB value. Transactions based on “Exports Record”: the total amount owed for advances, domestic and foreign pre-financing, plus the credit requested shall not exceed the highest of 75% of the average annual exports in the prior 36 months or exports from the prior 12 months. Minimum amount: u$s 200,000.- per transaction. |
Up to 365 days Up to 365 days |
At the Bank’s discretion | It shall be made with the assignment of foreign currency, at the same time of, and no later than, the collection of the export made by the borrower and within the term of the loan. |
| INDUSTRIAL AND MINING SECTORS: Final Exporters | Transactions based on documents:
Up to 90% of FOB value. Transactions based on “Exports Record”: the total amount owed for advances, domestic and foreign pre-financing, plus the credit requested shall not exceed the highest of 75% of the average annual exports in the prior 36 months or exports from the prior 12 months. Minimum amount: u$s 200,000.- per transaction. |
Up to 365 days | At the Bank’s discretion | It shall be made with the assignment of foreign currency, at the same time of, and no later than, the collection of the export made by the borrower and within the term of the loan. |