Clipping of news on Brazilian Culture, Law and Citizenship
07/06/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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For Brazil Economic
See how this form procurement of goods and services can be an alternative to car loans and real estate
Are you interested in buying a car or a house? The consortium may be an option. When making a consórco, you can purchase a infidade services and products such as bikes to ride, machinery and equipment for work, electronics for leisure and many services. But how a consortium?
The consortium is a buying mode guided by the union of persons, whether physical or legal, who are interested to acquire movables, real estate and services. The purchase of these items is made possible by savings, which is precisely formed by members of this group, whose formation can only be done by a Administradora Consortia, authorized and supervised by the Central Bank.
Consortium may be an option to win the home
But how is formed this savings?
People interested in purchasing a good or service, called syndications, contribute, for a specified period, with a sum of money allocated to the creation of a common fund for all members of the group. After the consortium members are drawn, or have their bids contemplated, they use part of this fund to buy what you want.
As part of a consortium?
The first thing a person interested in participating in a consortium should do is look for a manager of consortia, as we have seen, has authorization from the Central Bank to operate. To check if a company is authorized to act simply access the central bank's website.
After you decide which is the most interesting consortium group, which meets the clients needs, it's time to sign the contract. At this point, it is important that the consortium carefully read the clauses to know their rights and suasobrigações; check the expiry group duration, the contribution percentages and other desepsas and guarantees to be provided by it, to be contemplated; the contemplation of rules by lot and bid; and the form of advance payment of benefits.
There are two ways to join a consortium group: buying a share of a group training or buying a share of a group already formed. The first option is the most frequent, and occurs when the administrator is still forming the consortium group, and therefore made no Annual General Meeting of the group.
In the second case, the administrator has already performed the first Annual General Meeting and the applicant must choose to buy a vacant quota or replacement - quota which has not been sold or belonging to a member who left the group and it is sold by the Administrator - or perform a quota transfer - share that is bought directly from the consortium member or administrator under aa which they left the care of the transfer.
How long the syndicated group?
The consortium group is formally formed on the date of occurrence of primiera Annual General Meeting, which is when there is a distribution of loans for the purchase of goods or services and the provision of general information about the progress of the group. The group's duration depends on the period of time the consortium has to pay the credit he hired. This period must be included in the contract and be set by the administrator.
What is the value of benefits?
The amounts of benefits to be paid by the consortium are pre-defined in the contract. Are included in the benefits the common fund - amount paid to form savings - the management fee - amount paid to managing the provided services - and, if it is established in the contract, the reserve fund and / or insurance - protection fund ensures the functioning of the group -.
When contemplation occurs?
Contemplation occurs when the consortium gets the credit contracted to purchase the good or service that interests you. There are two kinds of contemplation, by lot and bid.
Contemplation by lot, as the name says, occurs when the consortium is drawn. All those who are current on payments of their contributions have the same chance of being drawn.
Contemplation for bid is the bid by offering the active consortium, after the draw. Each contract defines the criteria for supply and tie bids.
How to use credit?
When the consortium is contemplated, it becomes able to use the credit to purchase the good or service, as defined in the contract, and have complete freedom to determine when to make the purchase.
It can use up to 10% of your credit to pay for expenses related to the good or service that was purchased (as notarial records, transfer of ownership and registration of institutions and insurance) in addition to using the balance of your account linked to FGTS to contemplate his credit and thus acquire a property of higher value to your credit, use credit to pay off financing their ownership and convert the cash credit after 180 days of contemplation
Source: Economic Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.