Future Import Exchange is a currency hedging instrument to protect Brazilian importers obligations. The exchange can be closed with immediate delivery of the equivalent in Brazilian Reais (Cash-based Future Exchange) or without immediate delivery of the Brazilian Reais (Non-cash Future Exchange). In the latter transaction the Brazilian Reais are delivered up to the date of maturity of the transaction.
- Interest is charged applying the CDI rate (Interbank Deposit Certificate rate) in cases of Non-cash Future Import Exchange.
- Terms from 3 to 360 days.