Top 5 Forecasting Institutions – December January 13, 2010 The Investor Relations Group (Gerin) has announced the Top 5 forecasting institutions for December 2009. Table 1 Top 5 Forecasting Institutions – Short-Run December 2009 IPCA Deviation Banco JBS S.A. 0.0117 Funcef - Fund. Economiários Federais 0.0400 Banco do Estado do Rio Grande do Sul S.A. 0.0467 Banco BNP Paribas Brasil S.A. 0.0467 Brasilprev Seguros e Previdência S.A. 0.0467 IGP-DI Deviation IGP-M Deviation Concórdia S.A. CVMCC 0.1650 1 Concórdia S.A. CVMCC 0.1150 SLW Adm. & Gestora de Recursos Ltda. 0.1750 2 GAP AM 0.1267 UBS Pactual S.A. 0.1800 3 Banco JP Morgan S.A. 0.1400 Banco de Investimentos Credit Suisse 0.1883 4 Link S.A. CCTVM 0.1483 Tendências Consultoria Integrada 0.1917 5 MCM Consultores 0.1500 Over Selic Deviation Exchange Rate Deviation 1 CM Capital Markets 0.0000 Banco BNP Paribas Brasil S.A. 0.0244 GAP AM 0.0358 2 Banco Schahin S.A. 0.0208 Votorantim Asset 0.0371 2 Goldman Sachs do Brasil Bco. Multiplo S.A. 0.0208 Mauá Consult. Invest. & Econômica Ltda. 0.0378 2 Banco Fator S.A. 0.0208 Tendências Consultoria Integrada 0.0392 5 BB DTVM S.A. 0.0417 5 Deutsche Bank - Banco Alemão S.A. 0.0417 5 Banco Fibra S.A. 0.0417 5 GAP AM 0.0417 5 MCM Consultores 0.0417 5 Nobel AM S/C Ltda. 0.0417 5 Tendências Consultoria Integrada 0.0417 5 Votorantim Asset 0.0417 5 Banco West LB do Brasil S.A. 0.0417 5 Concórdia S.A. CVMCC 0.0417 5 Mauá Consult. Invest. & Econômica Ltda. 0.0417 5 Kondor Adm. Gest. Rec. Financeiros Ltda. 0.0417 1 2 3 3 3 1 2 3 4 5 1 2 3 4 5 Table 2 Top 5 Forecasting Institutions – Medium-Run December 2009 1 2 3 4 5 IPCA Deviation LCA Consultores S/C Ltda. 0.0277 Banco do Estado do Rio Grande do Sul S.A. 0.0283 Modal AM Ltda. 0.0290 Opus Gestão de Recursos Ltda. 0.0317 Banco Votorantim S.A. 0.0323 Information for unrestricted disclosure. It is not intended to bind Banco Central do Brasil in its monetary or foreign exchange policy actions. Questions and comments to [email protected] 1 1 2 3 4 5 1 2 3 4 5 IGP-DI Banco Fibra S.A. Modal AM Ltda. Tendências Consultoria Integrada Bradesco Corretora Tít.&Val.Mobiliários Ideias Consultoria Ltda. Exchange Rate SLW Adm. & Gestora de Recursos Ltda. Banco BNP Paribas Brasil S.A. BNP Paribas AM Brasil Ltda. Banco Safra S.A. HSBC Bank Brasil S.A. Deviation 0.1847 0.1883 0.1983 0.2050 0.2153 Deviation 0.0408 0.0479 0.0520 0.0565 0.0625 1 2 3 4 5 1 1 1 4 4 IGP-M Ideias Consultoria Ltda. Banco Fibra S.A. Bradesco Corretora Tít.&Val.Mobiliários Banco Safra S.A. Tendências Consultoria Integrada Over Selic Banco Fibra S.A. Banco West LB do Brasil S.A. Mauá Consult. Invest. & Econômica Ltda. Banco Safra S.A. CM Capital Markets Deviation 0.1900 0.2193 0.2237 0.2375 0.2503 Deviation 0.0000 0.0000 0.0000 0.0333 0.0333 Table 3 Top 5 Forecasting Institutions – Long-Run 2009 IPCA Deviation Banco CR2 S.A. 0.0900 Petros Fund. de Segurid. Social - Petrobrás 0.0955 Mauá Consult. Invest. & Econômica Ltda. 0.1065 Banco do Brasil S.A. 0.1147 ING Bank N.V. 0.1159 IGP-M IGP-DI Deviation 1 Tendências Consultoria Integrada Modal AM Ltda. 2.2158 2 Modal AM Ltda. Ideias Consultoria Ltda. 2.5867 3 Concórdia S.A. CVMCC Tendências Consultoria Integrada 2.6360 4 BB DTVM S.A. Banco de Investimentos Credit Suisse 2.6386 5 Banco de Investimentos Credit Suisse Concórdia S.A. CVMCC 2.6715 Exchange Rate Deviation Over Selic Banco BNP Paribas Brasil S.A. 0.1946 1 Bradesco Corretora Tít.&Val.Mobiliários Tendências Consultoria Integrada 0.2053 2 Mauá Consult. Invest. & Econômica Ltda. Deutsche Bank - Banco Alemão S.A. 0.2914 3 Banco Schahin S.A. Banco West LB do Brasil S.A. 0.2954 4 Banco Bradesco S.A. Banco Espírito Santo de Investimento S.A. 0.2991 4 GAP AM Deviation 2.7731 2.8404 2.9523 3.0827 3.0885 Deviation 0.6875 0.7431 0.7535 0.7917 0.7917 Information for unrestricted disclosure. It is not intended to bind Banco Central do Brasil in its monetary or foreign exchange policy actions. Questions and comments to [email protected] 2 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5