Concept
An alternative funding source, using bank credit to replace direct customer financing by the supplier.

Implementation
The vendor is responsible for drawing up and archiving the contracts and obtaining the authorized signatures of its customers. When credit limits are altered, a contractual amendment is drawn up and a new promissory note issued.
Whenever the client carries out an alteration to this form of credit, Banco Gerdau prepares a financing spreadsheet, which confirms the operation.

Terms & Conditions
From 14 to 63 days, always in multiples of seven days.
In special cases, longer terms can be established, always in multiples of seven days.
Payment plans of up to four installments are also available, observing a minimum payment of R$ 300.00 per installment.

Collateral
Collateral signatures from partners and spouses with shareholder control.

Financial Charges
Financial charges are prefixed.

Taxes
Financial Transactions Tax (IOF) at 0.0041% per day, included in rates.

Tariffs
Tariffs are not levied.

Advantages for the Client
• Signing the contract does not imply obligation to use the service.
• Financial conditions and decision to use financing are defined at invoicing.
• Longer and more flexible terms.
• Possibility of early amortization of financing, in full or in part, with discount.
• More competitive prices and discounts.

Advantages for the manufacturer / vendor
• Immediate receipt of sales revenues.
• Reduces taxable income, generating financial gains between retention period and collection of taxes.
• Reduces costs of administering accounts receivable.
• Boosts liquidity.
• Simplifies company's sales.