The Foreign Exchange, Derivatives and Structured Finance Team is a renowned leader in the market both locally and internationally. Our practice is known for providing pioneering advice to local and foreign entities regarding foreign exchange operations, but most significantly, for the innovation and contribution to regulation of the derivatives market in Colombia.

The team provides comprehensive advice regarding transactions that are completed mandatorily through the foreign exchange market as well as free market operations. Additionally, our team is composed of professionals with a significant amount of experience on cross border derivative transactions and the applicable regulation, as well as repo products.
 

Portfolio of Services
Exchange market
  • Structuring of business and international transactions from the exchange perspective.
  • Foreign investment records.
  • External indebtedness records.
  • Guarantees registration.
  • Payments for the import and export of goods records.
  • Registration of operations voluntarily redirected through the exchange market.
  • Amendments on exchange declarations.
  • Records of branches of the special regime of hydrocarbons and mining and companies in the sector.
  • Registration and management of clearing accounts.
  • Proceedings and administrative procedures before government authorities.
     
Exchange market
  • Structuring of business and international transactions from the exchange perspective.
  • Foreign investment records.
  • External indebtedness records.
  • Guarantees registration.
  • Payments for the import and export of goods records.
  • Registration of operations voluntarily redirected through the exchange market.
  • Amendments on exchange declarations.
  • Records of branches of the special regime of hydrocarbons and mining and companies in the sector.
  • Registration and management of clearing accounts.
  • Proceedings and administrative procedures before government authorities.
     
Derivatives operations
  • Registration of derivatives operations before the Central Bank. 
  • Negotiation and review of the Local Master Agreement for Derivative Financial Instruments of Asobancaria. 
  • Negotiation and review of ISDA Master Agreement, signed between local and foreign counterparts. 
  • Negotiation and review of CSA (Credit Support Annexes) in relation to the ISDA Master Agreement signed between local and foreign counterparts.
  • Legal opinions in relation to the ISDA Master Agreement, Local Master Agreement for Derivative Financial Instruments, and related guarantees. 
     
Derivatives operations
  • Registration of derivatives operations before the Central Bank. 
  • Negotiation and review of the Local Master Agreement for Derivative Financial Instruments of Asobancaria. 
  • Negotiation and review of ISDA Master Agreement, signed between local and foreign counterparts. 
  • Negotiation and review of CSA (Credit Support Annexes) in relation to the ISDA Master Agreement signed between local and foreign counterparts.
  • Legal opinions in relation to the ISDA Master Agreement, Local Master Agreement for Derivative Financial Instruments, and related guarantees. 
     
Stock options
  • Review of “Stock Option Plans”, as well as salary and extra salary programs from the perspective of the Colombian- and exchange regulation.
  • Structuring and coordination of “Stock Option Plans” with other areas of the firm.
     
Stock options
  • Review of “Stock Option Plans”, as well as salary and extra salary programs from the perspective of the Colombian- and exchange regulation.
  • Structuring and coordination of “Stock Option Plans” with other areas of the firm.
     
Representative offices (FOREX)
  • Requirements and procedures for the offer of FOREX products and other similar services.
  • General advice on correspondent agreements.
  • Actions to open representative offices.
     
Representative offices (FOREX)
  • Requirements and procedures for the offer of FOREX products and other similar services.
  • General advice on correspondent agreements.
  • Actions to open representative offices.
     
Seminars and training
  • Requirements and procedures for the offer of FOREX products and other similar services.
  • Exchange topics in general.
  • Topics of derivatives and related agreements.
     
Seminars and training
  • Requirements and procedures for the offer of FOREX products and other similar services.
  • Exchange topics in general.
  • Topics of derivatives and related agreements.
     
Seminarios y capacitaciones
  • Asuntos cambiarios.
  • Asuntos de inversiones internacionales
  • Asuntos de derivados y productos estructurados.
Seminarios y capacitaciones
  • Asuntos cambiarios.
  • Asuntos de inversiones internacionales
  • Asuntos de derivados y productos estructurados.
Experience
Permanent assistance to SCANIA COLOMBIA

 

Derivatives operations with local and foreign counterparties.

Permanent assistance to SCANIA COLOMBIA

 

Derivatives operations with local and foreign counterparties.

Advice to CREDIT SUISSE

Negotiation and execution of an ISDA Master Agreement with Colombian companies.

Advice to CREDIT SUISSE

Negotiation and execution of an ISDA Master Agreement with Colombian companies.

Permanent advisory to ASOBANCARIA

Advice to Asobancaria and Colombian Financial Entities in connection with cross border derivatives regulations, particularly the Dodd Frank Act and EMIR. 

Permanent advisory to ASOBANCARIA

Advice to Asobancaria and Colombian Financial Entities in connection with cross border derivatives regulations, particularly the Dodd Frank Act and EMIR. 

Advisory to HSBC SECURITIES (USA)

Legal structuring of a Cross-Currency Swap with Colombian residents.

Advisory to HSBC SECURITIES (USA)

Legal structuring of a Cross-Currency Swap with Colombian residents.

Advisory to the COLOMBIAN DERIVATIVES CLEARINGHOUSE (Cámara de Riesgo Central de Contraparte)

Advice regarding possibilities of substituted compliance with Dodd Frank Act and equivalence with EMIR.

Advisory to the COLOMBIAN DERIVATIVES CLEARINGHOUSE (Cámara de Riesgo Central de Contraparte)

Advice regarding possibilities of substituted compliance with Dodd Frank Act and equivalence with EMIR.

Permanent advisory to TERRANUM

Advice related to foreign exchange procedures, especially management of compensation accounts, and foreign investment and indebtedness registrations before the Colombian Central Bank.

Permanent advisory to TERRANUM

Advice related to foreign exchange procedures, especially management of compensation accounts, and foreign investment and indebtedness registrations before the Colombian Central Bank.

Advice to BNP PARIBAS

Structuring and offering of local and foreign repo operations to Colombian financial entities.

Advice to BNP PARIBAS

Structuring and offering of local and foreign repo operations to Colombian financial entities.

Legal advice to INTERNATIONAL FINANCE CORPORATION

Issuance of bonds and subscription of hedging contracts related to said issuance, as well as the negotiation of other financing projects including the structuring of mechanisms for hedging purposes similar to financial derivatives.

Legal advice to INTERNATIONAL FINANCE CORPORATION

Issuance of bonds and subscription of hedging contracts related to said issuance, as well as the negotiation of other financing projects including the structuring of mechanisms for hedging purposes similar to financial derivatives.

Advice to SUN TRUST BANK

 

Regulatory issues applicable to the negotiation and closing of financial derivatives operations with Colombian counterparts.

Advice to SUN TRUST BANK

 

Regulatory issues applicable to the negotiation and closing of financial derivatives operations with Colombian counterparts.

Advice to H&M

Exchange operations associated with the payment of imports.

Advice to H&M

Exchange operations associated with the payment of imports.

Advice to MERCADO LIBRE

Structuring of operations and products that allow and facilitate e-commerce with foreign entities.

Advice to MERCADO LIBRE

Structuring of operations and products that allow and facilitate e-commerce with foreign entities.

Advice to STANDARD BANK PLC

Regulation applicable to the Global Master Repurchase Agreement.

Advice to STANDARD BANK PLC

Regulation applicable to the Global Master Repurchase Agreement.

Advice to BOLSA DE VALORES DE COLOMBIA

Foreign exchange implications of foreign investment by Colombians abroad.

Advice to BOLSA DE VALORES DE COLOMBIA

Foreign exchange implications of foreign investment by Colombians abroad.