The Import Lock is a currency protection instrument. The exchange can be closed with immediate delivery of the equivalent reais (Future Exchange with Cash) or it can be closed without immediate delivery of the reais (Future Exchange without Cash). In both cases, the foreign currency is delivered on the settlement date and upon full payment of the amount due in reais.

• Interest indexed to the CDI in the case of Future Import Exchange without Cash.
• Terms from 3 to 360 days.