Exterior commerce

System of Payments in Local mint (SML)

It is a payments system between Argentina and Brazil destined for commercial operations of up to 360 days of term, which there allows to the importers and exporters of both countries the achievement of payments and cashings in his respective coins.

His use is voluntary and optional. It is applicable only to the operations of commerce of goods, including services and expenses related in the condition of agreed sale, like charters and insurances. It is not a mechanism of coverage of exchange risk.

The SML makes possible the use of the "weight" and the "real one" in the operations of exterior commerce between both countries reducing this way the costs of the deals.

Both the importer and the exporter will have to document the operation in his local currency and canalize it across a financial institution that is operating with the system, being the importer who initiates the payment cycle across the SML in the currency of his country.

This system allows the companies to have a new option to canalize his operations with Brazil, complementarily to the traditional use of free or divided currencies agreement.