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MARKETABLE SECURITIES
 12 Months Ended
Dec. 31, 2021
Marketable Securities  
MARKETABLE SECURITIES

 

7.MARKETABLE SECURITIES

 

   2021  2020
Investments      
Current      
Bank deposit certificates (CDBs) (1)   101    545 
Financial Notes (LFs) — Banks (2)   1,417    2,074 
Treasury Financial Notes (LFTs) (3)   178    731 
Others   28    10 
    1,724    3,360 
Non-current          
Financial Notes (LFs) — Banks (2)   348    730 
Debentures (4)   5    25 
Others   1    10 
    354    765 
    2,078    4,125 

 

(1)Bank Deposit Certificates (CBDs), accrued interest at 107.24% of the CDI Rate (Interbank deposit rates) published by the Custody and Settlement Chamber (Cetip) in 2021 (106% to 110% in 2020).
(2)Bank Financial Notes (Letras Financeiras, or LFs) are fixed-rate fixed-income securities, issued by banks and that accrued interest a percentage of the CDI rate published by Cetip. The LFs had remuneration rates varying between 105% and 130% of the CDI rate in 2021 (99.5% and 130% in 2020).
(3)Treasury Financial Notes (LFTs) are fixed-rate securities, their yield follows the daily changes in the Selic rate between the date of purchase and the date of maturity. The LFTs had remuneration rates varying between 9.12% and 9.50% in 2021 (1.86% and 1.90% in 2020).
(4)Debentures are medium and long term debt securities, which give their holders a right of credit against the issuing company. The debentures have remuneration varying from TR+1% to 109% of the CDI Rate in 2021 (TR+1% to 109% of CDI in 2020).

 

 

Note 31 provides a classification of these marketable securities. Investments in marketable securities of related parties are shown in Note 30.