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CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS | 12 Months Ended
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Dec. 31, 2017
CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS |
CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS | NOTE 4 — CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS
|  | 2017 |  | 2016 |
Cash |  | 10,439 |  | 9,412 |
Banks and immediately available investments |  | 2,544,899 |  | 5,053,971 |
Cash and cash equivalents |  | 2,555,338 |  | 5,063,383 |
|  | 2017 |  | 2016 |
Held for trading |  | 821,518 |  | 1,024,411 |
Short-term investments |  | 821,518 |  | 1,024,411 |
Immediately available investments include investments with maturity up to 90 days, immediate liquidity and low risk of fair value variation. Held for trading securities include Bank Deposit Certificates and marketable securities, which are stated at their fair value. Income generated by these investments is recorded as financial income.

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- Definition The entire disclosure for cash, cash equivalents and short and long-term investments. + References No definition available. + Details
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