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Confirming On-Time

Get more advantages

and get paid easily

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

2. Confirming On-Time Warranty............................................................................ 4

How Confirming On-Time Warranty works........................................................... 5

3. Confirming On-Time Payments............................................................................6

How Confirming On-Time Payments works....................................................... 7

4. Confirming On-Time - online functions for Suppliers.................................................. 8

Index

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1. Confirming On-Time

Confirming On-Time (reverse factoring), part of the Cash On-Time Solution of Millennium bcp, consists of a

management service for payments of Companies that are Clients of Millennium bcp to their suppliers.

Through Confirming On-Time, the Bank sends Payment Notices to Suppliers in two different ways, depending on the

type of service and collaterals given:

Confirming On-Time Warranty - the Bank guarantees the firm and irrevocable payment of the invoices to the

suppliers

Confirming On-Time Payments - the Bank acts as payments manager for the Company

In addition, suppliers will be given the possibility of receiving the amounts payable in advance, online and in an

extremely simple manner, even if they are not customers of Millennium bcp.

Because Millennium bcp knows that good companies make good deals

we created flexible and innovative solutions

able of turning collections into simple and fast actions

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2. Confirming On-Time Warranty

We make everything to guarantee that you get paid

The Confirming On-Time Warranty ensures the suppliers, in a firm and irrevocable manner, the settlement on the

respective maturity date of the Payment Orders issued by their Customers through Millennium bcp, ensuring also the

possibility of early payments.

Associate even more advantages to getting paid easily:

Guarantee of payment and of early payments and systematic reception of information on the invoices to pay;

Access to the website www.millenniumbcp.pt to get all updated information and make advance requests even if you

are not a Millennium bcp customer;

Guarantee of liquidity by means of a guaranteed advance of funds that will not represent additional indebtedness:

to meet eventual Treasury needs;

permanently, whenever Payment Orders are issued;

to credit accounts with Millennium bcp or with another Bank.

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2. How Confirming On-Time Warranty works

Supplier (Seller)

(*) The charges associated with the advance request, when paid by the suppliers, will be deducted from the amount of the Payment Notice (PN)

to be paid earlier.

Company (Buyer)

Issues and sends Invoices 1

Debits the demand

deposit account for the

amount of the Payment

instructions

5

Sends Payment Notices 3

Payment

Guaranteed

Sends Guaranteed

Payment Instructions 2

Requests Funds advance

Mbcp makes the early payment (*)

4

Warrantyof

Liquidity

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3. Confirming On-Time Payments

We will do everything to guarantee that you get paid fast

Confirming On-Time payments is a service that manages the payments made by the companies, wherein the Buyer

delegates to Millennium BCP almost all the tasks that payments involve. The Bank acts on behalf of the Buyer and

manages the payments the Buyer makes to its Suppliers.

Get paid and get even more:

The Bank becomes the entity centralizing the payments of the client

A simpler and more efficient collection administrative procedure that provides you with an increased treasury

control;

Go to the website www.millenniumbcp.pt to get all updated information and request for advances, even if you are

not a Customer of Millennium bcp;

On a case by case basis, you may request the advance of funds to meet eventual treasury needs.

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3. How Confirming On-Time Payments works

Supplier (Seller)

(*) The charges associated with the advance request, when paid by the suppliers, will be deducted from the amount of the Payment Notice (PO)

to be paid earlier.

Company (Buyer)

Issues and sends Bills 1

Debits the demand

deposit account for the

amount of the Payment

instructions

5

Sends Payment Notices 3

Sends Payment

Instructions 2

Possibility of requesting a

Mbcp Funds Advance 4

According to the

available ceiling

The bill is paid to the

supplier on its maturity

date

6

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4. Confirming On-Time: Online functions for Suppliers

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4. Confirming On-Time: Online functions for Suppliers

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Confirming On-Time

For more information contact your Client Manager or go to a Millennium bcp Branch.

All proposals are object of a risk analysis and credit assessment made by Millennium bcp.

This document does not represent a contractual proposal.