Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

Confirming On-Time

2

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Com

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Quando i

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e d

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ola

da.

1. Confirming On-Time …......................................................................................... 3

Confirming On-Time Products ...................................................................... 4

2. Confirming On-Time Garantia ............................................................................... 5

Confirming On-Time Garantia working ….......................................................... 6

Confirming On-Time Garantia Fiscal Framework ................................................ 7

3. Confirming On-Time Pagamentos ……........................................................................ 8

Confirming On-Time Pagamentos working......................................................... 9

Confirming On-Time Garantia Fiscal Framework................................................ 10

4. Credit Line Confirming On-Time working …………………................................................... 11

5. Confirming On-Time Online Functionalities for Buyers.................................................. 12

Index

3

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Com

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Quando i

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e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

1.Confirming On-Time

Confirming On-Time, integrated in the Cash On-Time solution of Millennium bcp, is a service of

payment from Millennium BCP’s clients to their suppliers.

Through Confirming On-Time, the bank issues Payment Warnings to suppliers in two different ways

dependending on the type of agreement and associated guarantees:

Confirming On-Time Garantia - the bank guarantees a solid and irrevocable payment of

supplier’s invoices

Confirming On-Time Pagamentos - the bank acts as the client’s payment manager

As a complement, it will be given to the suppliers the possibility to receive advanced payments in a

simple manner, even if they are not Millennium BCP’s clients.

Because Millennium knows that good Companies make good Business, we created flexible and

inovative solutions so that paying is easier and receiving is faster.

4

MT2555 -

Confi

rmin

g O

n-T

ime -

Com

pra

dor

Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

Confirming On-Time Products

Confirming On-Time

Pagamentos Garantia

Services

Issue of Payment Warnings with Payment Guarantee

Issue of Payment Warnings without Guarantee

Funds Advancement to Suppliers

.Available for non clients

.credit in other bank account

Free inclusion of suppliers

Option that fund advancement charges are supported by the

Buyer

Credit Line Confirming On-Time

Website

Buyer:

.On-line issue of payment orders

.Up-load of files(excel): Payment orders list

Suppliers:

.Online consultation of received Payment orders

. Simulation of fund advancement charges

. Request fund advancements (depending on

available limit)

5

MT2555 -

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g O

n-T

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Com

pra

dor

Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

2.Confirming On-Time Garantia

Assured Payment of the invoices with liquidation guaranteed by the bank

Guarantee of Liquidity without adicional debt:

To meet treasury needs;

In a permanent manner, whenever Payment Orders are issued.

Credit an account on Millenium BCP or any other Bank.

Even if not a bank client, the supplier has access to the on-line banking

www.millenniumbcp.pt for all the updated information and to make payment

advancement requests.

Automatic Payments to Suppliers with fulfilment guarantee

Improved negotiation capacity with suppliers regarding purchasing conditions by

presenting them with:

Invoice Payments Guarantee

Immediate liquidity

Access to the Confirming On-Time Credit Line for liquidity and for balancing the treasury

if it becomes necessary to postpone the payment date of invoices;

On-line Management of the contract and supplier base through the internet banking

www.millenniumbcp.pt in a confortable, simple manner.

More Benefits for

who is paying

More Benefits for

who is receiving

PAY AND RECEIVE GUARANTEED

Confirming On-Time Garantia guarantees to the suppliers a solid and irrevocable payment of the invoices on the

respective maturity date, with the possibility for the supplier to receive in advance.

6

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Com

pra

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Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

2.Confirming On-Time Garantia Working

Supplier(Seller)

(*) Send Payment files in electronic format or use on-line input.

(**) Charges related with the advancement requests, when supported by suppliers, will be deducted to the ammount of the Payment Warning to be advanced.

Client(Buyer)

Issues and sends invoices 1

Debits Current

Account

5

Sends Payment Warnings 3

Payment

Guarantee

Sends Instructions of

Guaranteed Payments (*) 2

Increased

Negociation

Capacity

Requests Funds Antecipation

Mbcp antecipates payment (**)

4

Liquidity

Guarantee

Possibility of using the

Credit Line by the value

of the instructions of

Payment.

5 a

7

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Com

pra

dor

Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

2. Confirming On-Time Garantia – Fiscal Framework

Charges relative to product services provided by the Bank, to be payed by the client(Major Debtor):

Obligation

Guarantee

Stamp tax at the rate of monthly 0.04% for fraction (artº10 General

Table of Stamp Tax)

Service Comission Subject to Stamp tax at the rate of 4% (artº17.3.4 General Table of

Stamp Tax)

Aditional

Comissions

Added VAT* at the rate of 23% (*VAT tax for the Autonomous Regions

of Madeira and Açores are 22% and 18% respectively)

8

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rmin

g O

n-T

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Com

pra

dor

Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

3.Confirming On-Time Pagamentos

An easier and more efective admnistrative charging process that contributes to a better

treasury management ;

The possibility to request advanced payments, depending on the availability of a limit:

To meet treasury needs;

In a permanent manner, whenever Payment Orders are issued.

Credit an account on Millenium BCP or any other Bank.

Even if not a bank client, the supplier has access to the on-line banking www.millenniumbcp.pt

for all the updated information and to make payment advancement requests.

Automatization of payments made to suppliers, providing a reduction on related admnistrative

costs;

Apreciation of the client’s relationship with their suppliers by providing them with a

personalized professional service;

Access to the Confirming On-Time Credit Line for liquidity and for balancing the treasury if it

becomes necessary to postpone the payment date of invoices;

On-Line Management of the contract and supplier base through the internet banking

www.millenniumbcp.pt in a confortable, simple manner.

More Benefits for

who is paying

More Benefits for

who is receiving

PAYING IS FAST/ RECEIVING IS EASY

Confirming On-Time Pagamentos assures management of payments made by Millenium bcp’s Clients to their suppliers, it

also offers the suppliers the possibility to antecipate receivements, within an agreed limit.

9

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dor

Quando i

mpre

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est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

3. Confirming On-Time Pagamentos Working

Supplier(Seller)

(*) Send Payment files in electronic format or use on-line input.

(**) Charges related with the anticipation request, when supported by suppliers, will be deducted on the ammount of the Payment Warning to be advanced.

Client(Buyer)

Issues and sends invoices 1

Sends Payment Warnings 3

Sends Instructions of

Payments (*) 2

Requests Funds Antecipation

Mbcp antecipates payment (**)

4

Subject to

Available Limit

Debits Current

Account

5

Possibility of using the

Credit Line by the value

of the instructions of

Payment.

5 a

10

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Quando i

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est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

3.O Confirming On-Time Pagamentos – Enquadramento Fiscal

Charges relative to product services provided by the Bank, to be payed by the client(Major Debtor):

Service Comission Subject to Stamp tax at the rate of 4% (artº17.3.4 General Table

of Stamp Tax)

Aditional Comissions Added VAT* at the rate of 23% (*VAT tax for the Autonomous

Regiosns of Madeira and Açores are 22% and 18% respectively)

11

MT2555 -

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rmin

g O

n-T

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Com

pra

dor

Quando i

mpre

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est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

Yes No Yes No

Company (Buyer)

Gives* the instructions for using

the Credit Line

A

Company (Buyer)

Does not give* the instructions for using

the Credit Line

B

Maturity date of

Payment Instructions Current Account Balance

allows the debit of the Payment Instructions

Debits the current

deposit account

Uses the Confirming

On Time Credit Line

4. Confirming On-Time Credit Line - How it works

* Instructions for using/settling the Confirming On-Time Credit Line must be given using the website www.millenniumbcp.pt

12

MT2555 -

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Quando i

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est

e d

ocum

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const

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cópia

não c

ontr

ola

da.

5.Confirming On-Time Online Functionality for Buyers

13

MT2555 -

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Com

pra

dor

Quando i

mpre

sso,

est

e d

ocum

ento

const

ituí

cópia

não c

ontr

ola

da.

Confirming On-Time Online Functionality for Buyers

14

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Com

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Quando i

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est

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ocum

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const

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cópia

não c

ontr

ola

da.

Confirming On-Time –on-line Buyer’s Functionalities

For more information, please visit a Millenium BCP branch or contact your Client Manager.

All proposals will be subjected to risk analysis and decision by Millenium bcp.

This document does not represent a contractual proposal.