PBR » Topics » a) Credit concentration risk

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

a)Credit concentration risk

A significant portion of the Company’s assets, including financial instruments, is located in Brazil. The Company's financial instruments that are exposed to credit concentration risk are, mainly, cash and cash equivalents, government bonds, accounts receivable and futures contracts.

The Company adopts a number of measures to decrease its exposure to credit risks to acceptable levels.

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

a) Credit concentration risk

A significant portion of the company's assets, including financial instruments, is located in Brazil. The Company's financial instruments that are exposed to credit concentration and risk are mainly cash and cash equivalents, government bonds, accounts receivable and futures contracts.

The Company adopts a number of measures to decrease its exposure to credit risks to acceptable levels.

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

a)Credit concentration risk

A significant portion of the company's assets, including financial instruments, is located in Brazil. The company's financial instruments that are exposed to a credit concentration risk are, mainly, cash and cash equivalents, government bonds, accounts receivable and futures contracts.

The Company adopts a number of measures to decrease its exposure to credit risks to acceptable levels.

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

a) Credit concentration risk

A significant quota of the company’s assets, including financial instruments, is located in Brazil. The Company’s financial instruments that are exposed to a credit concentration risk are, mainly, cash and cash equivalents, government bonds, accounts receivable and futures contracts.

The Company adopts several measures to decrease its exposure to credit to acceptable levels.

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This excerpt taken from the PBR 6-K filed Nov 12, 2008.

a) Credit concentration risk

A substantial part of the Company’s assets, including financial instruments, are located in Brazil. The Company’s financial instruments that are exposed to credit concentration risks are mainly its cash and cash equivalents, government securities, amounts receivable and futures contracts.

The Company adopts a number of measures to reduce its credit risk to acceptable levels.

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