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4. FINANCIAL INVESTMENTS
12 Months Ended
Dec. 31, 2017
Financial Investments Abstract  
FINANCIAL INVESTMENTS
4.FINANCIAL INVESTMENTS

 

        Consolidated  
    12/31/2017   12/31/2016  
CDB - Bank Certificate of Deposit (1)         716,218         658,476  
Government securities (2)           19,494           101,915  
          735,712         760,391  

 

(1)Financial investments linked to Bank Certificates of Deposit (CDBs), to be used as a collateral to a guarantee letter, of certain loans.
(2)Financial investments in Public Securities (Financial Treasury Bills) managed by its exclusive funds. In 2016, in addition to the Financial Treasury Bills, the Company had a financial investment in Public Securities managed by its exclusive funds which were used as collateral for future CDI rate’s contracts in the period as detailed in note 12 (b). These investments were settled in October 2017.