Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » d) Criteria for determining fair value

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

d) Criteria for determining fair value

The fair value of the derivatives is calculated based on usual market practices, using the closing values of the interest rates in Yens, US dollars and Reais for all the period of the contracts.

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

d) Criteria for determining fair value

The fair value of the derivatives is calculated based on usual market practices, using the closing values of the interest rates in Yens, US dollars and Reais for all the period of the contracts.

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

d) Criteria for determining fair value

The fair value of the derivatives is calculated based on usual market practices, using the closing values of the interest rates in Yens, US dollars and Reais for all the period of the contracts.

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

d) Criteria for determining fair value

The fair value of the derivatives is calculated based on usual market practices, using the closing values of the interest rates in Yens, US dollars and Reais for all the period of the contracts. e) Notional and fair values and values at risk of the portfolio

The table below summarizes the information on the derivative contracts. The derivative transactions take into consideration the approved limits and credit balance for each institution in accordance with the regulatory orientations and procedures established by the company. The main counterparts of these operations are: Citibank, HSBC and Bradesco.

Foreign currency derivatives                         
    Consolidated 
     
    Notional value thousand    Fair value recorded in the accounting R$ thousand**    Maturity    Risk value R$ thousand * 
         
         
           
    12.31.2008    12.31.2007    12.31.2008    12.31.2007         
             
Dollar forward contracts                         
 
Posição Vendida (US$)   67.506    117.113    (3.823)   2.782        4.422 
             
        117.113        2.782    2009     
Swap contracts                         
 
Cross Currency Swap            110.489    5.657    2016    59.655 
             
Asset position                         
Average receipt rate (JPY) = 2,15%    35.000.000    35.000.000    978.268    584.451         
Liability position                         
Average payment rate (US$) = 5,69%    297.619    297.619    (867.779)   (578.795)        
             
 
* Risk value = expected maximum loss in 1 day with 95% reliability in normal market conditions. 
**The negative fair values were stated in liabilities and the positive fair values were stated in assets. The amounts for 2007 are presented only for comparative purposes. 

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Jun 8, 2009
6-K
Mar 31, 2009

RELATED TOPICS for PBR:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki