Payment Scenarios 
Payment Scenarios
When you arrange a vendor operation agreement for your customer, one of two payment scenarios can occur:
Scenario 1: Customer Pays Bank as Agreed
You sell the goods to your customer and enter a standard invoice (1). You then set up a vendor operation agreement with a bank you select. You send the bank the payment request (2), and the bank in turn sends the customer a
boleto for making the payment (3); alternatively you can send the customer the boleto yourself (instead of the bank doing it), if that is your procedure. You receive immediate payment from the bank (referred to in Brazil as "payment on sight", pagamento à vista) (4), and the customer pays the bank, as agreed upon in the payment terms (5). The bank sends you confirmation of the customer's payment (6).Scenario 2: Customer Defaults on Payment to Bank
The second scenario is similar to the first one, except that the customer does not pay the boleto to the bank as agreed. In step 5, the bank informs you of the customer's overdue payments, and you pay the bank the overdue items (6) – since you are guarantor for the financing arrangement. The customer then pays you the overdue items (7).