Swap transactions - PowerPoint PPT Presentation

Chapter 5

Chapter 5. The Foreign Exchange Market. Foreign Exchange Markets: Learning Objectives. Examine the functions performed by the foreign exchange (FOREX) market, its participants, size, geographic and currency composition

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Chapter 5

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3Q08 Result

3Q08 Result. Reaching New Records. Rio de Janeiro – October 24 th , 2008. Record Net Profit. Greatest net profit of a Brazilian company in a quarter *. BR GAAP: BRL 12.4 billion. US GAAP: USD 4.8 billion. * In Brazilian Reals BR GAAP.

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