The Banco Central (Central Bank) has implemented a registration system for electronic trade bills (duplicatas escriturais), digital documents that prove amounts receivable from sales made on credit. The initiative aims to increase competition and reduce interest rates in the receivables prepayment market, a transaction that allows companies to turn future credits into immediate funds by paying fees.
How the New System Works
In credit sales, payment takes place after the goods or services are delivered. When a company needs money before the due date, it can advance these amounts with banks or financial institutions, paying interest on the transaction. With the registration system for electronic trade bills, institutions will be able to verify more securely who holds the rights to these receivables, making it easier to access credit.
The Central Bank expects greater transparency to spur competition among lenders, resulting in lower rates for companies. The model uses dynamic boletos (bank payment slips), which send the amount paid by the customer directly to the institution that advanced the funds, increasing security and reducing errors in transactions.
Benefits for Companies
In addition to increasing security, the new system will allow companies to compare offers from different financial institutions and choose the lowest-cost option. Currently, those who issue boletos face restrictions in obtaining credit from banks other than the issuer, which reduces competition and limits financing alternatives.
With this change, the receivables prepayment market, which moves trillions, could become more accessible and less costly for companies, especially for sectors that rely on payment via boleto, such as real estate.
With information from g1.globo.com.
