CVM Instruction No. 502 of September 1, 2011

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011 Amends Annexes A, B, C, and D of CVM Instruction No. 489, of January 14, 2011.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION (COMISSÃO DE VALORES MOBILIÁRIOS) makes public that the Collegiate Body, in a meeting held on August 30, 2011, based on the provisions of Article 8, item I, of Law No. 6,385, of December 7, 1976, Article 44 of CVM Instruction No. 356, of December 17, 2001, Article 61 of CVM Instruction No. 399, of November 21, 2003, and Article 2 of CVM Instruction No. 444, of December 8, 2006, APPROVED the following Instruction:

Article 1. Annexes A, B, C, and D of CVM Instruction No. 489, of January 14, 2011, shall enter into force according to the models attached to this Instruction.

Article 2. This Instruction enters into force on the date of its publication, applying to social fiscal years beginning on or after August 1, 2011.

Signed originally by
MARIA HELENA DOS SANTOS FERNANDES DE SANTANA President

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011
ANNEX A
Monthly Report
Competence: MM/YYYY
Administrator:
Fund Name:
Type of Partnership:
Exclusive Fund:
All Unitholders Linked by Single and Inseparable Interest? CNPJ:
CNPJ:
Open/Closed
Yes/No
Yes/No

SPECIFICATIONS BALANCE (R$)/INFORMATION

I – Applications
1 - Liquidity
2 - Portfolio a) Credit Rights with Substantial Acquisition of Risks and Benefits a.1) Existing Credits Due and Current a.2) Existing Credits Due with Delinquent Installments a.3) Existing Delinquent Credits a.4) Credits Referencing Credit Rights to be Performed a.5) Credits Originated from Companies in Judicial or Extrajudicial Recovery Process a.6) Credits resulting from public revenues originating or derived from the Union, States, Federal District, and Municipalities, their Autonomous Agencies, and Foundations a.7) Credits resulting from ongoing legal actions, constitute their object of litigation, or have been judicially levied or given as collateral a.8) Credits whose constitution or legal validity of the assignment to the fund is considered a predominant risk factor a.9) Other credits, of diverse nature, not encompassed by the provision of item I of Article 2 of CVM Instruction a.10) Provision for Reduction in Recovery Value (-) b) Credit Rights without Substantial Acquisition of Risks and Benefits b.1) Credit Rights (specify the assignor when representing more than 10% of the Fund's Net Equity) c) Securities c.1) Debentures c.2) CRI (Real Estate Receivables Certificates) c.3) Commercial Promissory Notes c.4) Financial Letters c.5) Units of Funds under CVM Instruction 409 c.6) Others d) Federal Public Bonds e) Bank Deposit Certificates f) Applications in Repurchase Agreements (Repo) g) Other Fixed Income Financial Assets h) Units of Credit Rights Investment Funds i) Units of Non-Standardized Credit Rights Investment Funds j) Warrants, Contracts for Purchase and Sale of Products, Commodities, and/or Services for Future Delivery or Provision 3 – Positions Maintained in Derivatives Markets a) Forward Market a.1) Long Positions a.2) Short Positions b) Options Market b.1) Holder Positions b.2) Writer Positions c) Futures Market c.1) Long Positions c.2) Short Positions d) Swap Differential d.1) To Pay d.2) To Receive e) Margin Deposits and/or Provided Coverings 4 – Other Receivables a) Short Term (realization within 12 months of the report date) b) Long Term (realization after 12 months of the report date)

II – Portfolio by Segment (2a and 2b) a) Industrial b) Real Estate Market (non-financial – see items f6 and f7 below) c) Commercial c.1) Commercial c.2) Commercial - Retail c.3) Financial Leasing d) Services d.1) Services d.2) Public Services (electricity, telephony, transport, sanitation, etc.) d.3) Educational Services d.4) Entertainment e) Agribusiness f) Financial f.1) Personal Credit f.2) Payroll-Deducted Personal Credit f.3) Corporate Credit f.4) Middle Market f.5) Vehicles f.6) Real Estate Portfolio - Corporate f.7) Real Estate Portfolio - Residential f.8) Others g) Credit Card h) Factoring h.1) Factoring – Personal (Drawee Profile) h.2) Factoring – Corporate (Drawee Profile) i) Public Sector (Article 1, §1, II, CVM Instruction 444) i.1) Precatórios (Court Orders for Payment) i.2) Tax Credits i.3) Royalties i.4) Others j) Legal Actions (Article 1, §1, III, CVM Instruction 444) k) Intellectual Property and Brands & Patents

III – Liabilities
Values Appropriated in the Month

IV – Net Equity a) Net Equity Value b) Average Net Equity Value (last three months)

V – Behavior of Credit Rights Portfolio with Substantial Acquisition of Risks and Benefits a) By Maturity Period a.1) Up to 30 days a.2) From 31 to 60 days a.3) From 61 to 90 days a.4) From 91 to 120 days a.5) From 121 to 150 days a.6) From 151 to 180 days a.7) From 181 to 360 days a.8) From 361 to 720 days a.9) From 721 to 1080 days a.10) Above 1080 days b) Delinquent (Value of Delinquent Installments) b.1) Due and Unpaid between 1 and 30 days b.2) Due and Unpaid between 31 and 60 days b.3) Due and Unpaid between 61 and 90 days b.4) Due and Unpaid between 91 and 120 days b.5) Due and Unpaid between 121 and 150 days b.6) Due and Unpaid between 151 and 180 days b.7) Due and Unpaid between 181 and 360 days b.8) Due and Unpaid between 361 and 720 days b.9) Due and Unpaid between 721 and 1080 days b.10) Due and Unpaid above 1080 days c) Paid Early c.1) Paid Early between 1 and 30 days of maturity c.2) Paid Early between 31 and 60 days of maturity c.3) Paid Early between 61 and 90 days of maturity c.4) Paid Early between 91 and 120 days of maturity c.5) Paid Early between 121 and 150 days of maturity c.6) Paid Early between 151 and 180 days of maturity c.7) Paid Early between 181 and 360 days of maturity c.8) Paid Early between 361 and 720 days of maturity c.9) Paid Early between 721 and 1080 days of maturity c.10) Paid Early above 1080 days of maturity

VI - Behavior of Credit Rights Portfolio without Substantial Acquisition of Risks and Benefits a) By Maturity Period a.1) Up to 30 days a.2) From 31 to 60 days a.3) From 61 to 90 days a.4) From 91 to 120 days a.5) From 121 to 150 days a.6) From 151 to 180 days a.7) From 181 to 360 days a.8) From 361 to 720 days a.9) From 721 to 1080 days a.10) Above 1080 days b) Delinquent (Value of Delinquent Installments) b.1) Due and Unpaid between 1 and 30 days b.2) Due and Unpaid between 31 and 60 days b.3) Due and Unpaid between 61 and 90 days b.4) Due and Unpaid between 91 and 120 days b.5) Due and Unpaid between 121 and 150 days b.6) Due and Unpaid between 151 and 180 days b.7) Due and Unpaid between 181 and 360 days b.8) Due and Unpaid between 361 and 720 days b.9) Due and Unpaid between 721 and 1080 days b.10) Due and Unpaid above 1080 days c) Paid Early c.1) Paid Early between 1 and 30 days of maturity c.2) Paid Early between 31 and 60 days of maturity c.3) Paid Early between 61 and 90 days of maturity c.4) Paid Early between 91 and 120 days of maturity c.5) Paid Early between 121 and 150 days of maturity c.6) Paid Early between 151 and 180 days of maturity c.7) Paid Early between 181 and 360 days of maturity c.8) Paid Early between 361 and 720 days of maturity c.9) Paid Early between 721 and 1080 days of maturity c.10) Paid Early above 1080 days of maturity

VII – Transactions with Credit Rights Conducted in the Month Acquisitions Alienations To the Assignor and Related Parties To Service Providers1 and Related Parties To Third Parties Total Book Value at the Moment of Alienation/Substitution/Repurchase Qty Value Qty Value Qty Value Qty Value Qty Value Value a) Credit Rights with Substantial Acquisition of Risks and Benefits b) Credit Rights without Substantial Acquisition of Risks and Benefits c) Credit Rights Due and Current d) Credit Rights Due with Delinquent Installments e) Delinquent Credit Rights

1 Individuals or legal entities that provide services to the fund, directly or indirectly. For example, the administering institution (directly) and the consultant hired by the administering institution, even if at its expense (indirectly).

VIII – List of the Value Due from the 25 Largest Debtors (Drawees) of the Fund Description CPF/CNPJ Value (R$) Drawee/Debtor 1 Drawee/Debtor 2 Drawee/Debtor 3 Drawee/Debtor 4 Drawee/Debtor 5 Drawee/Debtor 6 Drawee/Debtor 7 Drawee/Debtor 8 Drawee/Debtor 9 Drawee/Debtor 10 Drawee/Debtor 11 Drawee/Debtor 12 Drawee/Debtor 13 Drawee/Debtor 14 Drawee/Debtor 15 Drawee/Debtor 16 Drawee/Debtor 17 Drawee/Debtor 18 Drawee/Debtor 19 Drawee/Debtor 20 Drawee/Debtor 21 Drawee/Debtor 22 Drawee/Debtor 23 Drawee/Debtor 24 Drawee/Debtor 25

IX - Rates Practiced in Transactions with Credit Rights Conducted in the Month Discount Rate Interest Rate Purchase Sale Purchase Sale Min. Avg. Max. Min. Avg. Max Min. Avg. Max. Min. Avg. Max. Credit Rights with Substantial Acquisition of Risks and Benefits Credit Rights without Substantial Acquisition of Risks and Benefits Securities Federal Public Bonds Bank Deposit Certificates Other Fixed Income Financial Assets

X – Other Information

1. Number of Unitholders
   Senior Class
   Subordinated Class
   Subordinated Class 1
   Subordinated Class 2

2. Description of Series/Class (separate by class and series)
   Senior Class
   Series
   Number of Units
   Unit Value (R$)
   Subordinated Class 1
   Series
   Number of Units
   Unit Value (R$)
   Subordinated Class 2
   Series
   Number of Units
   Unit Value (R$)

3. Return Calculated in the Month
   Senior Class
   Subordinated Class 1
   Subordinated Class 2

4. Fundraising, Redemptions, and Amortizations
   Fundraising in the Month (total value raised and number of units issued) Redemptions in the Month (Open FIDC - number of units redeemed and total redemption value) Redemptions Requested and Still Unpaid (Open FIDC - number of units to be redeemed and value to be paid) Amortizations (Inform amortized value per unit and total amortization value)

5. Liquidity (Open FIDC)
   Assets with immediate liquidity Assets that can be liquidated within 30 days Assets that can be liquidated within 60 days Assets that can be liquidated within 90 days Assets that can be liquidated within 180 days Assets that can be liquidated within 360 days Assets that can be liquidated in more than 360 days

6. Expected Performance (Benchmark) and Realized
   The existence of a specific field in this report does not authorize its use. The administrator must observe the criteria established in the Instruction that regulates the constitution, administration, and functioning of the fund.

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011
ANNEX B
Financial Position Statement (*) Fiscal years ended Fund Name: CNPJ:
Administering Institution: CNPJ:
ASSETS
Period
Current
Period
Previous
In R$ thousand
% NE In R$ thousand
% NE
Liquidity
Federal Public Bonds
Private Fixed Income Bonds
Variable Income Bonds
Financial Derivative Instruments Credit Rights with Substantial Acquisition of Risks and Benefits Credit Rights without Substantial Acquisition of Risks and Benefits Investment Funds - CVM Instruction 409 Credit Rights Investment Funds Non-Standardized Credit Rights Investment Funds Other Investment Fund Units Other Receivables TOTAL ASSETS LIABILITIES Period Current Period Previous In R$ thousand % NE In R$ thousand % NE Financial Derivative Instruments Administration and Performance Fees Payable Redemptions Payable Other Values Payable TOTAL LIABILITIES NET EQUITY Fund Units 1

TOTAL LIABILITIES AND NET EQUITY (*) Minimum presentation model. Each entity shall adapt it to its operational needs. 1 Segregate by class of units

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011
ANNEX C
Statement of Result (*)
Periods ended
Fund Name: CNPJ:
Administering Institution: CNPJ:
Period
Current
Period
Previous
In R$ thousand In R$ thousand COMPOSITION OF THE FISCAL YEAR RESULT Credit Rights without Substantial Acquisition of Risks and Benefits Revenues Result from Transactions Credit Rights with Substantial Acquisition of Risks and Benefits Fair Value Adjustment Revenues Provision for Reduction in Recovery Value Result from Transactions Units of Credit Rights Investment Funds Recognition of Gains/Losses Units of Non-Standardized Credit Rights Investment Funds Recognition of Gains/Losses Other Investment Funds Recognition of Gains/Losses Federal Public Bonds Revenues Fair Value Adjustment Result from Transactions Private Fixed Income Bonds Revenues Fair Value Adjustment Result from Transactions

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011 Financial Derivative Instruments Fair Value Adjustment Other Revenues Other Expenses Remuneration of the Administering Institution Audit Other Financial System Services Expenses CVM Supervision Fee Other Expenses FISCAL YEAR RESULT (*) Minimum presentation model. Each entity shall adapt it to its operational needs.

CVM INSTRUCTION NO. 502, OF SEPTEMBER 1, 2011
ANNEX D
Statement of Changes in Net Equity () Fiscal years ended Fund Name: CNPJ:
Administering Institution: CNPJ:
Period
Current
Period
Previous
In R$ thousand In R$ thousand NET EQUITY AT THE BEGINNING OF THE FISCAL YEAR FISCAL YEAR RESULT UNITS ISSUED REDEMPTION OF UNITS AMORTIZATION INCREASE/DECREASE ARISING FROM THE MOVEMENT OF UNITS NET EQUITY AT THE END OF THE FISCAL YEAR () Minimum presentation model. Each entity shall adapt it to its operational needs.