(Amounts in thousands of Brazilian reais – R$, unless otherwise stated)

In the normal course of activities the Company conducts transactions with related parties at arm's length, such as receivables from card-issuing banks, which are the financial groups in which the controlling shareholders hold interests, and expenses on and income from services provided by Servinet and Orizon.

When conducting its business and engaging services, the Company makes market quotations and surveys intended to find the best technical and pricing terms, and the decision on whether or not a transaction should be conducted is made by the chief decision maker of the function purchasing the product or service, regardless of whether such transaction is conducted with related or unrelated parties.

Also, the type of business conducted by the Company requires it to enter into agreements with several card-issuing entities that are its direct or indirect shareholders. The Company believes that all the agreements entered into with related parties are carried out on an arms-length basis.

The tables below include the amount of transactions with the Company's related parties, broken down by type of agreement, shareholder and subsidiaries, for the years ended December 31, 2009 and 2008:

	2009						2008
	Shareholders				Subsidiaries
	Banco Bradesco S.A.	Banco do Brasil S.A.	Banco Santander S.A.	Other	Servinet	Orizon	Total	Total
Assets (liabilities):
Short-term investments (a)	58,885	281,694	111,238	47,812	-	-	499,629	1,030,395
Trade accounts receivable:
Fraud prevention services	144	154	137	54	-	-	489	1,007
Bank account blocking services	592	90	330	458	-	-	1,470	6,051
Receivables – securitization abroad (b)	115,863	93,346	-	-	-	-	209,209	491,320
Receivables from subsidiary	-	-	-	-	5	2,554	2,559	206
Payables to subsidiary	-	-	-	-	(6,324)	-	(6,324)	(10,398)
Other payables – affiliation commission and other payables	(393)	(396)	(136)	(190)	-	-	(1,115)	(2,165)

	2009						2008
	Shareholders				Subsidiaries
	Banco Bradesco S.A.	Banco do Brasil S.A.	Banco Santander S.A.	Other	Servinet	Orizon	Total	Total
Income:
Income from short-term investments (a)	15,323	14,468	18,117	2,287	-	-	50,195	116,127
Revenue from fraud prevention services	1,752	2,108	1,322	2,889	-	-	8,071	6,684
Revenue from bank account blocking services	5,137	902	4,548	16,503	-	-	27,090	37,887
Income from services and lease of POS equipment	-	-	-	-	-	4,029	4,029	1,569
Expenses:
Other operating expenses – affiliation commission	(5,957)	(6,137)	(2,035)	(2,822)	-	-	(16,951)	(19,274)
Service agreement with Servinet (c)	-	-	-	-	(83,991)	-	(83,991)	(82,349)
Investment agreement with CBGS	-	-	-	-	-	-	-	(32,245)
Agreement for the payment of incentive funds (d)	(2,470)	-	(2,018)	(5,180)	-	-	(9,668)	(18,386)
Collective corporate dental care and healthcare plan	(9,453)	-	-	-	-	-	(9,453)	(8,340)
Private pension contract (e)	(1,209)	(1,309)	(953)	-	-	-	(3,471)	(5,069)
Collective corporate life insurance contract	-	-	(817)				(817)	(659)

(a)	The terms, charges and interest rates of short-term investments were agreed under conditions similar to those applicable to unrelated parties.
(b)	See Note 8.
(c)	The Company engaged Servinet to provide POS equipment installation and maintenance services to merchants. The payment for the services provided is determined based on the costs incurred by Servinet when the service is provided, plus taxes and contributions and a payment margin.
(d)	Payment of incentive to issuers according to the targets agreed related to the issue of Visa cards.
(e)	See Note 35.