PROTVD, through financial mechanisms and stock interest, supports investments to the implementation of Brazilian Digital TV System, in the terrestrial transmission modality (SBTVD-T). The support can be given through the subprograms, PROTVD - Supplier, PROTVD - Broadcasting and PROTVD - Content, aiming at:

stimulating the research, technological development and innovation process in Brazil, by making the introduction of national innovations in the SBTVD-T configuration feasible;

making the increase of Brazilian enterprises' participation feasible, especially, the ones with Brazilian technological development, in the supply of equipment and software for the implementation of SBTVD-T in Brazil and the growth of their exports;

promoting the development, spread and the growing use of national software and equipment solutions by all broadcasting enterprises; 

supporting the generation of applications and audiovisual production of national content for television; and 

developing the consolidation of those national enterprises which are solution suppliers to the terrestrial television system. 


» Expiration Date

December 31st, 2013


» Application

Support requests are addressed to BNDES through Consultation Letter, which is filled out in accordance with the guidance in the Guide on Information for Previous Consulting and sent by the interested company or by the accredited financial institutions of your preference, to:

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Planing Area-AP
Priority Department-DEPRI
Av. República do Chile, 100 - Protocol - Térreo
20031-917 - Rio de Janeiro, RJ





» PROTVD - Supplier

» Purpose

To support the investments of businesses which are manufacturers of software, electronic compounds, equipment and infrastructure for transmission network, receiving equipment and equipment for the production of the contents related to the Brazilian Digital TV System in the terrestrial transmission modality (SBTVD-T). 


» Clients

Companies with headquarters and administration within the Country, that maintain activities of development and/or production of software, electronic components, equipment or infrastructure for broadcasting networks, reception equipment, as well as equipment for the production of Digital TV content. 


» Types of Financial Support

Direct, indirect (not-automatic) and mixed.


» Modalities of support

The support shall be carried out by means of financing and/or subscript of movable values.

Notes: 
1. Operations to support research, technologic development and innovation and initiatives for business/social restructuring, must be carried out directly; 
2. In direct operations, involving the contracting of the operation with BNDES, the client must have its annual financial statements audited by an independent external audit firm duly registered with CVM [Comissão de Valores Mobiliários]. 


» Supportable Endeavors

implementation, expansion, recovery and modernization of facilities; 

production, marketing and commercialization, import and exports of goods and services; 

training, quality programs and certifications; 

research, technological development and innovation; and 

sector/business restructuring, especially through the subscription of securities, at BNDES's discretion. 

See: Eligible Items and Non-Eligible Items 

Notes:
Among the items eligible for financing, there are no restrictions to the importation of new machines and equipment, without national similar and its evidence. 

As for items not eligible for financing, it is not accepted the acquisition of used and/or reconditioned equipment. Besides that, an exception is made to the the transfer of assets in cases of reactivation of productive activities or sectorial/business restructuring.  


» Conditions for Financing Operations

Minimum Amount of Financing

Research, technological development and innovation: R$ 400 thousand 

Other endeavors: R$ 1 million 

Interest Rate

For direct support: Financial Cost + BNDES's Fee + Credit Risk Fee

For indirect support: Financial Cost + BNDES's Fee + Financial Intermediation Fee + Accredited Financial Institution's Fee 

BNDES's Financial Cost and Fee

Remarks: in the acquisition of imported equipment, the financial cost will be in either Currency Basket or USD plus Currency Basket charges.

Credit Risk Fee

Up to 3.57% p.a. (according to the beneficiary's credit risk). 

Note: In case of financings for research, technologic development and innovation, the credit risk shall be limited to 1.8% p.a, regardless of the risk classification of the user. 

Financial Intermediation Fee

Fixed at 0.5% p.a., being exempted for operations with micro, small and medium-sized companies. 

Accredited Financial Institution's Fee

Traded between the accredited financial institution and client. 


» Level of Participation

Support for research, technological development and innovation; acquisition of national equipment, machinery and software which are accredited at BNDES; and support for micro, small and medium-sized companies: up to 100% 

Other investments carried out by each large companies: up to 90% 


» Term of Loan

Up to 12 (twelve) years, including grace period, which is established according to the payment capacity of the Economic Group, company and endeavor. 


» Guarantees and Collaterals

For investments in research, technologic development and innovation, financings of amounts lower than BRL 10 million, are exempt from actual guarantees, being only necessary the constitution of personal guarantees; 

For investments in research, technologic development and innovation, financings of amounts equal to or above BRL 10 million, as well as for the other supportable projects, the guarantees shall be defined during the analysis of the operation. 

See: Collaterals

Remarks: In the direct financing operations which are exclusively assured by the controlling partner's guarantee, it will be required the transformation of the company into a Limited Liability Company. In these operations, the controlling partners shall undertake to grant preference rights to BNDES, at the issuance of any bonds, which are convertible into stocks, and at any capital increase of the beneficiary company and its affiliates, in case of the entrance of third party-investors. It will be at BNDES's discretion, through BNDESPAR, the exercise of said right, and the latter will be limited to the debit balance amount, which is checked on the date of the subscription of bonds or future capital financing, in equal conditions with underwriters or investors. 


» Conditions for Stock Interest Operations

BNDES's share in the company's capital: up to 40% of total capital stock. 

See: Subscription of securities 






» PROTVD - Broadcasting

» Purpose

To support investments of broadcasting companies (generators, transmitters and retransmitters) which are related to the implementation of the Brazilian Digital TV System, in the terrestrial transmission modality (SBTVD-T), and transmission period. 


» Clients

Authorized concessionaire companies of broadcasting services and licensee enterprises of television retransmission services. 


» Types of Financial Support

Direct, indirect (automatic and non-automatic) and mixed.

The support shall be carried out through FINEM, Automatic BNDES, Finame, Finame Leasing and BNDES Card.

Note: In direct operations, involving the contracting of the operation with BNDES, the client must have its annual financial statements audited by an independent external audit firm duly registered with CVM [Comissão de Valores Mobiliários].


» Supportable Endeavors

implementation of digital transmission network and modernization of analog transmission network throughout the transition period; 

implementation, expansion, recovery and modernization of studios; and 

qualification, training and quality programs. 

See: Eligible Items and Non-Eligible Items 

Notes:
Among the items eligible for financing there are no restrictions to the importation of new machines and equipment, without national similar and its evidence.  

Among the items not qualified for financing, the acquisition of used and/or reconditioned equipment shall not be accepted. 


» Conditions for Financing Operations

Minimum Amount of Financing

For not automatic, direct and indirect financing: R$ 5 million 

Interest Rate

For direct support: Financial Cost + BNDES's Fee + Credit Risk Fee

For indirect support: Financial Cost + BNDES's Fee + Financial Intermediation Fee + Accredited Financial Institution's Fee

BNDES's Financial Cost and Fee

Credit Risk Fee

Up to 3.57% p.a. (according to the beneficiary's credit risk). 

Financial Intermediation Fee

Fixed at 0.5% p.a., being exempted for operations with micro, small and medium-sized companies. 

Accredited Financial Institution's Fee

Traded between the accredited financial institution and the client. 


» Level of Participation

Acquisition of national equipment which is accredited at BNDES; acquisition of national software which is accredited at BNDES; and support to micro, small and medium-sized companies: up to 100% 

Other investments carried out by each large companies: up to 60% 


» Term of Loan

Up to 12 (twelve) years, including grace period, which is established according to the payment capacity of the Economic Group, company and endeavor. 


» Guarantees and Collaterals

To be established in the operation analysis.

See: Collaterals 







» PROTVD - Content

» Purpose

To promote the digital production of audiovisual works for TV by channels and independent producers, in order to increase the national content participation in the channels' programming schedules. 


» Clients

Authorized concessionaire companies of broadcasting services and licensee companies of television retransmission service. 


» Types of Financial Support

Direct, indirect not-automatic and mixed.

The support shall be carried out through FINEM, directly or indirectly.

Note: In direct operations, involving the contracting of the operation with BNDES, the client must have its annual financial statements audited by an independent external audit firm duly registered with CVM [Comissão de Valores Mobiliários].


» Supportable Endeavors

New production projects of national content for documentaries, dramaturgy (such as mini-series, series, soap operas, and films made for TV) and educational programs.

Only projects produced by Brazilian channels or Brazilian independent producers will be financed, as set forth in MP Nº 2.228/01, art.1º, item V.


» Eligible Items

Investment and expenditures that are related to supportable endeavors which must be carried out by the time the audiovisual content goes on the air. The following items may be financed: 

development of plots and story-boards; 

hiring of independent producer; 

hiring and qualification of cast and technical staff; 

leases for filming; 

development of scenes and fashion plates; 

purchase of fragile materials/negatives; 

leases of studios and equipment; and 

expenditures on general infrastructure. 

The operations directed to the content production financing shall be submitted as an Investment Plan of, at least, one-year length.

See: Non-Eligible Items 


» Conditions for Financing Operations

Minimum Amount of Financing

R$ 3 million 

Interest Rate

For direct support: Financial Cost + BNDES's Fee + Credit Risk Fee

For indirect support: Financial Cost + BNDES's Fee + Financial Intermediation Fee + Accredited Financial Institution's Fee

BNDES's Financial Cost and Fee

Credit Risk Fee

Up to 3.57% p.a. (according to the beneficiary's credit risk). 

Financial Intermediation Fee

Fixed at 0.5% p.a., being exempted for operations with micro, small and medium-sized companies. 

Accredited Financial Institution's Fee

Traded between the accredited financial institution and the client. 


» Level of Participation

For a production made by the channel itself: up to 60% 

For the hiring of Brazilian independent producers: up to 90% 


» Term of Loan

Up to 30 (thirty) months, including grace period, which is established according to the payment capacity of the Economic Group, company and endeavor. 


» Guarantees and Collaterals

To be established in the operation analysis.

See: Collaterals