Exporters covered by the Export Financing Program (Proex) will be able to change the shipping date of goods without losing access to financing.
The National Monetary Council (CMN) approved this Thursday (26) changes that make deadlines more flexible, reduce bureaucratic requirements and expand the reach of the program.
Among the main changes, There is the possibility of rescheduling the date of shipment of goods. The date change, however, will require agreement between the exporter and the Proex financial agentwhen there is a need to adjust the operation schedule.
The new resolution also extends the deadline for proving export from 15 to 30 days after the scheduled date. In addition, it now allows the extension of the deadline for requesting disbursement, as long as there is budget and financial availability.
Less bureaucracy
With the aim of reducing costs and simplifying procedures, the CMN exempted exporters from having to prove the unfinanced portion of credit operations with a term of less than two years.
Another change expands the program’s target audience, allowing access through trading companies, companies that mediate between exports and imports. The authorization, however, only applies to goods produced in Brazil or services provided by a Brazilian company.
Clearer penalties
The resolution also changes the rules for disqualifying the operation. The previously foreseen financial charge was replaced by a fine calculated based on a specific methodology included in the standard. According to the government, the change provides “greater clarity, proportionality and legal certainty” in the treatment of possible irregularities.
The new rules come into force on the date of publication of the resolution.
Created in 2001, Proex is one of the main official support instruments for Brazilian exports, allowing national companies to offer financing under conditions compatible with those practiced in the international market.
