Trade; Receivables | Unveiling Trade of Receivables in Brazil Using ‘Duplicata Escritural’: Legal Impacts for Suppliers, Buyers and Lenders of a US$1.8 Trillion Market
Brazilian financial institutions will only be able to acquire, discount, or receive as collateral commercial receivables from Brazilian companies through “duplicata escritural” – an electronic form of draft, starting in 2027. The current schedule set by Brazilian Central Bank (BCB) foresees the transition starting with large issuing companies in June