Explanatory notes
01. Operational Scope
PREVI, Caixa de Previdência dos Funcionários do Banco do Brasil (Banco do Brasil Employees' Pension Institution), established in 1904, is a closed pension plan institute whose objectives are the creation and administration of Benefit Plans, obeying the regulations issued by the Ministry of Social Welfare through the mediation of the Council of Complementary Pension Management - CGPC, and of the Department of Complementary Pension - SPC.
PREVI's funds originate basically from contributions from its sponsors, essentially Banco do Brasil S.A., and of its participants, in equal amounts, and from the income resulting from the investments of those assets, which must obey the dispositions contained in the resolutions of Conselho Monetário Nacional (Brazilian Monetary Coucil) - CMN.
During 2007, PREVI effected several operations in the financial and capital markdets with Banco do Brasil S.A. and with its subsidiary BB DTVM.
PREVI has also a contract with Banco do Brasil for the rendition of financial liquidation and safekeeping services relative to its Fixed Income and Variable Income assets, in accordance to Resolution CMN n° 3456 / 2007.
The management of funds is conducted in a multi-fund way, which provides for an individualized management of funds per each Benefit Plan, and indicates that the funds are not invested in a collective manner.