Evaluation of the reasonableness and economic sense of several exchange rate risk hedging contracts entered into between the company and a financial institution.
Expert Report prepared at the request of a financial institution, in order that, as an Independent Expert, we could carry out an objective and independent analysis, from an economic and financial point of view, evaluating the reasonableness and economic sense of several Exchange Rate Risk Hedging Contracts entered into between the Company and the Institution, between the years 2007 and 2008. All of the above in the context of the profile and risks assumed by the Company in the course of its current business, information and instructions provided between the Parties, existing regulations, practice and customary customs of the sector, as well as in consideration of the evolution observed in the exchange rate market during the term of the transactions in dispute.