BRL – Brazilian Real

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Currency Guide BRL – Brazilian Real Overview BRL is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Brazil Besides this limitation, this currency is considered to be complex: In most cases, the final beneficiaries will have to contact their local branch to release the funds, while in some cases, the beneficiaries might be required to sign documents to authorise the release of funds. This emphasises the importance of adding the beneficiary’s telephone numbers in the payment instructions. Currency Guidelines Besides the standard information, the IBAN format is mandatory. The full name (written out in full, without initials, abbreviations or acronyms) and the physical full address of the beneficiary are mandatory. A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays. Example: Payment of travel expenses – invoice n° 123456789 Additionally, it is mandatory to provide in the remittance information: • The agency code (seven digits) • The beneficiary’s tax ID: CNPJ number for legal entities (fourteen digits) or CPF number for individuals (nine digits) • The beneficiary’s telephone number • The beneficiary’s bank full address (exact branch location) Payment formatting Information of the beneficiary DATA NAME PRESENCE MT101 TAG XML V3 TAG <CdtrAcct> <Id> <IBAN> IBAN FORMAT XXXX Name <Cdtr> <Nm> FULL NAME MANDATORY 59 XXXX <Cdtr> <PstlAdr> <AdrLine> FULL ADDRESS XXXX BRL – Brazilian Real BRL – Brazilian September 2015 45 Currency Guide Remittance information DATA NAME PRESENCE MT101 TAG XML V3 TAG REASON / PURPOSE OF PAYMENT THE AGENCY CODE OF THE BENEFICIARY BANK BENEFICIARY TAX ID MANDATORY 70 <RmtInf> <Ustrd> TELEPHONE NUMBER OF THE BENEFICIARY FULL ADDRESS (EXACT BRANCH LOCATION) OF THE BENEFICIARY BANK Additional information • Available charge option: OUR/SHA/BEN • Central bank of Brazil: http://www.bcb.gov.br/?ENGLISH BRL - Brazilian Real BRL - Brazilian 46 September 2015.

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