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.
     
Experience
Providing permanent assistance to SCANIA COLOMBIA in their local and cross-border derivative operations.
Providing permanent assistance to SCANIA COLOMBIA in their local and cross-border derivative operations.
Advisory to CREDIT SUISSE in the negotiation and execution of an ISDA Master Agreement with Colombian companies.
Advisory to CREDIT SUISSE in the negotiation and execution of an ISDA Master Agreement with Colombian companies.
Permanent advisory to ASOBANCARIA and Colombian Financial Entities in connection with cross border derivatives regulations, particularly the Dodd Frank Act and EMIR.
Permanent advisory to ASOBANCARIA and Colombian Financial Entities in connection with cross border derivatives regulations, particularly the Dodd Frank Act and EMIR.
Advisory to ASOBANCARIA and Colombian financial institutions in connection with the drafting of the Local Master Agreement for derivatives transactions and the corresponding legal opinion.
Advisory to ASOBANCARIA and Colombian financial institutions in connection with the drafting of the Local Master Agreement for derivatives transactions and the corresponding legal opinion.
Advisory to HSBC SECURITIES (USA) in the legal structuring of a Cross-Currency Swap with Colombian residents.
Advisory to HSBC SECURITIES (USA) in the legal structuring of a Cross-Currency Swap with Colombian residents.
Advisory to the COLOMBIAN DERIVATIVES CLEARINGHOUSE (Cámara de Riesgo Central de Contraparte) 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) regarding possibilities of substituted compliance with Dodd Frank Act and equivalence with EMIR.
Permanent advisory to TERRANUM 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 related to foreign exchange procedures, especially management of compensation accounts, and foreign investment and indebtedness registrations before the Colombian Central Bank.
Advisory to BNP PARIBAS in connection with the structuring and offering of cross border and local repo products to Colombian financial institutions.
Advisory to BNP PARIBAS in connection with the structuring and offering of cross border and local repo products to Colombian financial institutions.