Procedures for Financing Calculus:

• Direct Payment to the Supplier of 15% of Equipment Cost
• Financing Value = Equipment Value (-) 15% advanced payment
• Country Risk Rate = Percentage on the financing Value, variable according to the country and financing term (Brazil: 5 years = 7,25)
• Administration Fee = "Flat" (paid only once) on the Total Financing Amount
• Total Financing Amount = 85% of the Equipment (+) Country Risk Rate
• Principal Installment Value = Total Financed Value ( / ) by the number of semiannual installments
• Semiannual Interest Rates = Annual Interest Rates ( / ) divided by 2
• Semiannual Interest Value = Principal Value (X) Semiannual Interest Rates
• Total Installment Value paid Semiannually = Fixed Principal Installment Value (+) Semiannual Interest Value
• Principal Value is always the same of the Debit Balance
• Debit Balance = Total Financed Value (-) Principal Installment Value

Real Rate calculus takes into consideration the paid semiannual amounts if compared with the Total Financed Value (minus) additional expenses paid at sight by the importer, related to the Administration Fee. In fact, those advanced payments are necessarey disbursement for obtaining the financing and are part of the Financing Real Rate calculus.

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Medium e Long Terms (Capital Goods)
Short Term
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