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This excerpt taken from the PBR 20-F filed May 22, 2009. FASB
FSP
SFAS 140-4
and FIN 46(R)-8
In December 2008, the FASB issued FSP
SFAS 140-4
and FIN 46(R)-8, “Disclosures About Transfers of
Financial Assets” and “Interest in Variable Interest
Entities”
(“SFAS 140-4”
and “FIN 46(R)-8”). This FSP requires additional
disclosures about an entity’s involvement with a variable
interest entity (“VIE”) and certain transfers of
financial assets to special-purpose entities and VIEs. This FSP
requires the methodology for determining whether the company is
the primary beneficiary of a VIE, whether it has provided
financial or other support the company is not contractually
required to provide, and other qualitative and quantitative
information. We did not have any transfers of financial assets
within the scope of this FSP. This FSP was effective
December 31, 2008, and the additional disclosures related
to VIEs have been incorporated into Note 14 of our
consolidated financial statements.
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