Included in CCR (Credit Reciprocity Agreement) as long as exports are directed to any ALADI (Latin American group of countries) member country including Dominican Republic. In this modality, customers need to have their specific project inscribed in their country's Central Bank.
When CCR does not apply, financing can be obtained in two ways: ''Buyer's Credit'' and ''Supplier's Credit''. In such cases the financing contract requires guaranties acceptable by the banking institutions.
In both cases the financing contracts are covered by a credit insurance policy from SBCE (Seguradora Brasileira de Crédito a Exportação) or other equivalent insurer. Such insurance covers up to 95% of country's risk and up to 90% of the commercial risk, the costs varying according to the rating for the specific country.
BNDES credits are normally within the following conditions: