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This excerpt taken from the PBR 6-K filed Mar 30, 2009. Risk Management Activities We are exposed to a number of market risks arising in the normal course of our business. We may use derivative and non-derivative instruments to manage these risks. For a description of our risk management activities, see Note 20 to our consolidated financial statements for the year ended December 31, 2008. This excerpt taken from the PBR 6-K filed Mar 18, 2008. Risk Management Activities We are exposed to a number of market risks arising in the normal course of our business. We may use derivative and non-derivative instruments to manage these risks. For a description of our risk management activities, see Note 20 to our consolidated financial statements for the year ended December 31, 2007. This excerpt taken from the PBR 6-K filed Apr 10, 2007. Risk Management Activities We are exposed to a number of market risks arising in the normal course of our business. We may use derivative and non-derivative instruments to manage these risks. For a description of our risk management activities, see Note 20 to our consolidated financial statements for the year ended December 31, 2006. 23 This excerpt taken from the PBR 20-F filed Jun 30, 2005. Risk Management Activities
We and PIFCo are exposed to a number of market risks arising in the normal course of business. We and PIFCo may use derivative and non-derivative instruments to manage these risks. For a description of our risk management activities, see Item 11. Qualitative and Quantitative Disclosures About Market Risk.
This excerpt taken from the PBR 6-K filed Jun 8, 2005. Risk Management Activities
We are exposed to a number of market risks arising in the normal course of our business. We may use derivative and non-derivative instruments to manage these risks. For a description of our risk management activities, see Note 22 to our audited consolidated financial statements for the year ended December 31, 2004.
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