FOREIGN EXCHANGE ADVICE

Accompaniment and advice in
management of compensation accounts

Compensation accounts are accounts in foreign currency of Colombian residents used to pay obligations agreed in foreign currency, between residents who also have one or, for payments abroad. Those who have a compensation account must comply with the specific foreign exchange legal framework for this case, which includes formal obligations and periodic reports, among others.

Our service of accompaniment and advice in the management of compensation accounts, includes:

-Registration of compensation account with the Central Bank.

-Legal guidelines for management of account, taking into account the company’s business model.

-Accompaniment in fulfillment of formal obligations.

-Periodic updating of company’s procedures in accordance with guidelines issued by the Board of Directors of Central Bank.

FOREIGN EXCHANGE ADVICE

More services

Accompaniment, advice and management in the channeling of currencies and their respective registrations with Central Bank

Preparation and review of exchange statements

Accompaniment and advice in management of compensation accounts

Resolution of inquiries on imports, exports, foreign indebtedness, international investments and compensation accounts