XML 131 R124.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative financial instruments and Short positions (Details 7) - BRL (R$)
R$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Hedge Instruments | Swap contract      
Hedge      
Adjustment to Market R$ (95,672) R$ (26,703) R$ (66,990)
Fair Value (130,683) (136,467) 86,822
Hedge Instruments | Swap contract | Liabilities      
Hedge      
Adjustment to Market (108,626) (38,189) (124,819)
Fair Value (3,136,349) (1,182,479) (7,043,931)
Hedge Instruments | Swap contract | CDI (Interbank Deposit Rates) | Liabilities      
Hedge      
Adjustment to Market [1],[2] (21,380) (18,395) (12,298)
Fair Value [1],[2] (474,398) (804,059) (3,279,438)
Hedge Instruments | Swap contract | Fixed Interest Rate - Real | Liabilities      
Hedge      
Adjustment to Market [3],[4] 22 (3,733) (25,586)
Fair Value [3],[4] (1,640,708) (37,547) (1,809,321)
Hedge Instruments | Swap contract | Indexed to Foreign Currency - Pre Dollar | Liabilities      
Hedge      
Adjustment to Market [5] (16,303) (1,103) 0
Fair Value [5] (225,857) (17,676) 0
Hedge Instruments | Swap contract | Indexed to Foreign Currency - US Dollar | Liabilities      
Hedge      
Adjustment to Market [6] (20,109) (14,958) (55,892)
Fair Value [6] (261,915) (323,197) (1,082,503)
Hedge Instruments | Swap contract | Indexed Indices of Prices and Interest | Liabilities      
Hedge      
Adjustment to Market 0 0 (30,982)
Fair Value 0 0 (831,156)
Hedge Instruments | Swap contract | Indexed to Foreign Currency - Libor - US Dollar | Liabilities      
Hedge      
Adjustment to Market 0 0 (61)
Fair Value 0 0 (41,513)
Hedge Instruments | Swap contract | Indexed to Foreign Currency - Colombian Peso | Liabilities      
Hedge      
Adjustment to Market [7] (13,863) 0 0
Fair Value [7] (219,392) 0 0
Hedge Instruments | Swap contract | Indexed to Foreign Currency - Pre Euro | Liabilities      
Hedge      
Adjustment to Market [8] (36,993) 0 0
Fair Value [8] (314,079) 0 0
Hedge Instruments | Swap contract | Assets      
Hedge      
Adjustment to Market 12,954 11,486 57,829
Fair Value 3,005,666 1,046,012 7,130,753
Hedge Instruments | Swap contract | Assets | CDI (Interbank Deposit Rates)      
Hedge      
Adjustment to Market [5] (357) 0 4,376
Fair Value [5] 1,818,366 0 1,783,075
Hedge Instruments | Swap contract | Assets | Fixed Interest Rate - Real      
Hedge      
Adjustment to Market 0 0 27,184
Fair Value 0 0 3,549,659
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - Pre Dollar      
Hedge      
Adjustment to Market [1] 320 1,103 790
Fair Value [1] 8,742 17,678 94,472
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - USD/BRL - Dollar      
Hedge      
Adjustment to Market [2],[4],[8] (23,585) (8,957) (10,904)
Fair Value [2],[4],[8] 691,872 744,260 665,025
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - Libor - Dollar      
Hedge      
Adjustment to Market 0 0 1,962
Fair Value 0 0 612,623
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - Swiss Franc      
Hedge      
Adjustment to Market 0 0 0
Fair Value 0 0 0
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - Euro      
Hedge      
Adjustment to Market [6],[7] 36,576 19,340 34,347
Fair Value [6],[7] 486,686 284,074 390,156
Hedge Instruments | Swap contract | Assets | Indexed to Foreign Currency - Pre YEN      
Hedge      
Adjustment to Market 0 0 74
Fair Value 0 0 35,743
Object of Hedge | Liabilities      
Hedge      
Adjustment to Market 0 12,830 (8,383)
Fair Value 0 (803,929) (3,520,951)
Object of Hedge | Liabilities | Marketable debt securities      
Hedge      
Adjustment to Market 0 0 (41)
Fair Value 0 0 (35,784)
Object of Hedge | Eurobonds | Liabilities | Marketable debt securities      
Hedge      
Adjustment to Market 0 0 (41)
Fair Value 0 0 (35,784)
Object of Hedge | Assets      
Hedge      
Adjustment to Market 77,623 23,165 110,003
Fair Value 3,126,828 693,132 3,103,783
Object of Hedge | Assets | Debt instruments      
Hedge      
Adjustment to Market (1,873) 0 15,899
Fair Value 1,744,502 0 885,056
Object of Hedge | Assets | CDI (Interbank Deposit Rates) | Debt instruments      
Hedge      
Adjustment to Market [1],[2] 354 0 10,578
Fair Value [1],[2] 119,892 0 503,415
Object of Hedge | Assets | Fixed Interest Rate - Real | Debt instruments      
Hedge      
Adjustment to Market [4] 91 0 5,321
Fair Value [4] 6,082 0 381,641
Object of Hedge | Assets | National Treasury Notes - NTN F | Debt instruments      
Hedge      
Adjustment to Market [9] (2,318) 0 0
Fair Value [9] 1,618,529 0 0
Object of Hedge | Assets | Loans and Receivables      
Hedge      
Adjustment to Market 79,496 23,165 94,104
Object of Hedge | Assets | Loans and Receivables | Indexed to Foreign Currency - US Dollar      
Hedge      
Adjustment to Market [6] 4,319 4,809 42,348
Fair Value [6] 288,420 323,780 1,295,383
Object of Hedge | Assets | Loans and Receivables | Indexed to Foreign Currency - Pre Dollar      
Hedge      
Adjustment to Market [5] 16,416 0 0
Fair Value [5] 224,943 0 0
Object of Hedge | Assets | Loans and Receivables | Indexed Indices of Prices and Interest      
Hedge      
Adjustment to Market [2] 0 0 52,984
Fair Value [2] 0 0 916,765
Object of Hedge | Assets | Loans and Receivables | CDI (Interbank Deposit Rates)      
Hedge      
Adjustment to Market 16,401 13,253 0
Fair Value 352,071 331,805 0
Object of Hedge | Assets | Loans and Receivables | Fixed Interest Rate - Real      
Hedge      
Adjustment to Market [4] 3,900 5,103 (1,228)
Fair Value [4] 21,077 37,547 6,579
Object of Hedge | Assets | Loans and Receivables | Indexed to Foreign Currency - Colombian Peso      
Hedge      
Adjustment to Market [7] (2,898) 0 0
Fair Value [7] 173,990 0 0
Object of Hedge | Assets | Loans and Receivables | Indexed to Foreign Currency - Pre Euro      
Hedge      
Adjustment to Market [8] 41,358 0 0
Fair Value [8] 321,825 0 0
Object of Hedge | Assets | Loans and Receivables      
Hedge      
Fair Value 1,382,326 693,132 2,218,727
Object of Hedge | Foreign Borrowings | Liabilities      
Hedge      
Adjustment to Market 0 12,830 (8,342)
Fair Value 0 (803,929) (3,485,167)
Object of Hedge | Foreign Borrowings | Indexed to Foreign Currency - US Dollar | Liabilities      
Hedge      
Adjustment to Market [2] 0 12,830 (8,342)
Fair Value [2] R$ 0 R$ (803,929) R$ (3,485,167)
[1] Passive instruments whose hedged items are securities represented by promissory notes indexed in Certificates of Interbank Deposits (CDI) with market value of R$109,538 (12/31/2016 - R$108,845).
[2] These are passive instruments whose hedge items are credit operations and securities represented by promissory notes indexed in interbank deposit certificates (CDI), with market value of credit operations of R$352,071 and promissory notes of R$10,354 (12/31/2016 - R$108,844 and 12/31/2015 - 381,641) and on December 31, 2017 assets instruments whose hedged items are foreign currency indexed bonds denominated in foreign currency - US dollar in the market value of R$803,929 (12/31/2016 - 803,929).
[3] These are obligations over instruments whose hedged items are pre-fixed government securities with a market value e of R$1,618,529.
[4] These are passive instruments whose hedged items are securities and securities represented by promissory notes indexed to Real interest rates with market value of R$6,082 (12/31/2016 - R$37,547 and 12/31/2015 - R$6,579) and credit operations in the amount of R$21,077.
[5] These are passive instruments whose hedged items are credit operations indexed in foreign currency - US dollar in the market value of R$224,943.
[6] These are passive instruments whose hedge items are credit operations indexed in foreign currency - US dollar with a market value of R$288,420 (12/31/2016 - R$323,782).
[7] These are passive instruments whose hedged items are credit operations indexed in foreign currency - Colombian peso with market value of R$173,990.
[8] These are passive instruments whose hedged items are credit operations indexed in foreign currency - euro at the market value of R$321,825.
[9] Current value of the instruments as of December 31, 2017 is R22,206,615.