Concept
Banking Domicile is a current account for the purpose of transferring sums receivable from suppliers and clients that operate with the Gerdau Group.

Terms & Conditions
Indefinite, or until due date of purchase, sale or service contract.

Implementation
By means of an agreement with its customers, the company authorizes the concentration of its sales credits with Banco Gerdau, ensuring better information on cash flow.

Taxes
Financial Transactions Tax (CPMF) is levied, as required by law.

Advantages for the Client
• Reduced collection costs.
• Verification of company cash flow.
• Allows for advances of resources for working capital or full or partial transfer of sums to the Gerdau Group for the amortization of invoices related to supply of steel.