Foreign Currency Financing for the participation in International Fairs and Expositions
It is a Loan in US Dollar, aimed at financing the participation of exporters and/or producers residing in Argentina in international fairs and expositions.
Benefits
The exporter and/or producer shall have the financial resources necessary to cover the expenses arising from the participation in events abroad to promote their products and/or services, contact potential customers or suppliers, learn about the market characteristics, etc.
Natural or legal persons, exporters and/or producers of Argentine goods and services participating in international fairs are eligible for this financing.
It is a loan in US Dollar, for terms up to 2 years and financing may cover up to 100% of the expenses detailed under “Object”, including taxes, with a maximum of USD 20,000 (United States Dollar twenty thousand), per beneficiary and per international fair or exposition.
The expenses financed by BNA are the following: stand rental, design, and setting-up; audio-visual equipment rental; brochures and promotional material expenses; freight and insurance of the items to be displayed excluding expenses for nationalization of products displayed, participants’ transport tickets and accommodation.
- Credit relationship between the exporter/producer and BNA.
- Guarantees at BNA’s discretion.
- Submission to the Bank of a copy of the invoices issued by the foreign suppliers for the transaction being financed within 30 (thirty) business days following the disbursement date/s.
- Performance, through the Bank, of all foreign exchange trading for cancellation of the foreign obligation.
Financing for the participation in International Fairs
| Currency | In Foreign currency, US Dollar, Euro, or other currency, if they are available for financing. |
| Users | Natural and/or legal persons, exporters and/or producers of Argentine goods and services. |
| Purpose | Financing the participation of exporters and/or producers residing in the Republic of Argentina in international fairs and expositions on specific topics being carried out abroad. |
| Object | Stand rental, design, and setting-up; brochures and promotional material; freight and insurance of the items to be displayed, transport tickets and accommodation. |
| Support | Up to 100% of the expenses with a maximum of USD 20,000 (United States Dollar twenty thousand).(1) |
| Term | Up to 2 years. |
| Repayment | Up to 180 days: in equal consecutive quarterly installments or full payment at maturity. From 181 up to 720 days: in equal consecutive quarterly or semiannually installments. All of the foregoing terms will be considered as from the relevant disbursement date. |
| Guarantees | At the Bank’s discretion. |
(1) Per beneficiary and per fair.