RECIBO DE CARTEIRA SELECIONADA DE AÇÕES - RCSA
RECIBO DE CARTEIRA SELECIONADA DE AÇÕES
individual price of each component
Various types of portfolios can be
constituted according to investors’
different profile: conservative portfolios,
aggressive ones, etc.. Such portfolios
are deposited in custody with the
Companhia Brasileira de Liquidação e
Custódia (CBLC), which is in charge of
the registration and issuance of the
Receipts (always in book-entry form).
The Selected Stock Portfolio Receipts
offers investors a new form of
investment, allowing the purchase or
sale of a stock portfolio through one
Products accessible to the public in PORTFOLIO COMPOSITION OF
general, easy to understand and
monitor on, and with simplified
THE SELECTED STOCK
customer services have been sought by PORTFOLIO RECEIPTS
the stock market over the last few years. The composition of the underlying
As a response to this demand, stock portfolio is governed by CVM Instruction
baskets’ trading started being offered by No 174 of February 6, 1992 and No 272
various international exchanges. of February 4, 1998.
In view of that and with the purpose of The composition of each portfolio
providing the market with different authorized for trading is announced by
investment alternatives, BOVESPA is BOVESPA.
introducing the trading of Selected
Stock Portfolio Receipts. BASKET-UNDERLYING
The Selected Stock Portfolio Receipts is ASSETS
a Receipt representing a basket of pre-
established stocks whose quantities are Securities comprising the Selected
previously determined and known when Stock Portfolio will be previously
the receipt is set up. deposited with the CBLC and will
Once they are constituted, the Receipts compose the basket-underlying assets
will be traded on BOVESPA as if they for the issuance of the Receipts.
were individual securities and their value
will be determined by the market. The
Receipts’ pricing will be established by Receipts representing the same stock
the market using as reference the portfolio.
Investors may require the CBLC, through
its brokerage firm, to create a new class
of Selected Stock Portfolio. For such
purpose they must have previously
determined, jointly with BOVESPA, the
characteristics of this new class.
Further, the stocks comprising the
portfolio shall be made available to
CBLC, which will be in charge of the
Receipts’ issuance (in book-entry form),
registration and credit thereof in the
custodial account specified by the
Once the Receipts are credited in the
A Selected Stock Portfolio may be investor’s account, the investor can
created by institutions and investors trade them on BOVESPA without
holding a stock portfolio. restrictions.
Investors are entitled to set up new Selected Stock
Portfolio Receipts on an existing portfolio.
Investors who desire to convert their own stocks into
Selected Stock Portfolio Receipts of an existing class at
the CBLC may require the brokerage firm or the
custodian to issue the receipts.
Any investor holding the minimum quantity of stocks
required for the setting up of Receipts on a certain
existing class may require the conversion of his
position into Receipts. To this end, the investor must
deposit the stocks in a special custodial account with
After issuance, Receipts will be made available to the
investor in his custodial account to be traded without
In order to provide information to
investors, CBLC will announce, on a daily
basis, the Receipts’ reference value.
Receipts will be quoted in R$/Receipt or
in R$/1,000 Receipts as established by
Whenever the trading of one or more
stocks that comprise the Receipt’s
underlying portfolio is suspended on the
cash market, the suspension of the
Trading of Selected Stock Portfolio Receipt for trading will be examined.
Receipts is a simple and efficient way of Suspension will depend on the
buying and selling a selected group participation of the respective stock, or
stocks through a single operation. group of stocks, in the Receipt’s total
Transaction procedures are exactly the value.
same as the ones used in the purchase Receipt’s trading and its respective
and sale of individual stocks. derivatives will be immediately
suspended in the event that trading of
TRADING the securities representing at least 40%
Selected Stock Portfolio Receipts can be of the Receipt’s portfolio is suspended.
traded on BOVESPA’s cash and
derivatives markets and will be subject
to the rules and regulations in force in The settlement of Receipts’ purchase
such markets. Receipts can only be and sale operations will follow the same
traded after being constituted and criteria adopted by the CBLC, which are
deposited in custody. established by its regulations for the
cash, forward and options markets.
The Receipts’ trading value on BOVESPA
cash market will be based on the current Receipts’ trading will be disclosed by
value of the underlying stock portfolio. BOVESPA via the same means used to
Trading may be carried out at par, at a announce the other assets traded on
premium or at a discount. the Exchange.
Investors wanting to revert their RSCA
into stocks shall require CBLC - through
its brokerage firm or custodian - for the
redemption thereof. Redemption may be
carried out at any time provided that
the Receipts are not being used for the
settlement of an operation, that is, can
be freely transferred to and from CBLC
Request for redemption is promptly
processed by the CBLC. The
corresponding stocks are deposited in
the holder’s custodial account and the
redeemed receipts are canceled.
Once they are credited in the investor’s
account, such stocks can be traded
Investors will receive monthly
statements showing their position on
the RCSA, including information
The CBLC is the depository of the regarding the valuation of their Receipts
stocks comprising the Selected Stock and the account movements carried out
Portfolio Receipts. in the period.
Users of the CBLC Custody System have The investor can obtain information on
total access to information related to his Receipts from Fax Custódia CBLC.
the investors’ Receipts positions for This service is available Monday to
whom they provide stock custody Friday from 8 a.m. to 7 p.m. by
services. telephone number (011) 239-0699.
AND OTHER BENEFITS
IN THE FORM
Bonuses in stocks that comprise the
The distribution of rights and benefits on RCSA will integrate the Selected Stock
the stocks that comprise the RCSA follows Portfolio, thus changing the original
special criteria, always aiming at the quantity of stocks. Special cases
investor’s best interest. regarding the distribution of benefits in
securities resulting from mergers, spin-
offs or incorporation, as well as those
subject to the approval by a regulatory
BONUSES AND OTHER entity will be given special treatment, in
BENEFITS IN THE FORM compliance with the principle of
OF CASH protecting the stockholders’ interests.
Whenever dividends or other cash benefits
are distributed, CBLC will credit the SUBSCRIPTION RIGHTS
respective amount in the Receipt’s holder’s Unlike bonuses in stocks, subscription
account, according to criteria specified by rights will not integrate the RCSA.
the paying company. Cash benefits will not Subscription rights will be directly
integrate the Receipts. credited to the Receipt holder’s
Information on dividends payable to the custodial account and the holder will
Receipt’s holder will be announced to the decide whether to exercise his
market by CBLC, in the same way as it is preemptive rights.
done in regard to stocks traded on The new stocks will be available for
BOVESPA. trading in the investor’s custodial
It is important to point out that such account with due compliance with the
payment is subject to tax treatment terms applied to each security. Similarly
according to the type of investor and the to the subscription rights, such stocks
nature of payment. will not integrate the RCSA.
Taxation levied on the RCSAs is given
the same treatment as the one given to DIVERSIFICATION
investments in variable-income assets. When buying an RCSA, investors are
On the cash market, for example, a 10% investing in a basket of stocks. Return
income tax is levied on net gains on the investment will be based on the
corresponding to the difference performance of each one of such
between the purchase and the selling stocks, allowing a greater return at a
values of an RCSA. lower risk.
For the investor, the RCSA represents
the purchase or sale of a basket of
stocks by means of one single
Investors holding Receipts may, at any
time, sell or convert them into the
stocks comprising the portfolio and
vice-versa. Convertibility occurs upon
requirement for redemption or, inversely,
through the requirement for Receipts’
The issuance of RCSAs with underlying issuance to CBLC, after the due deposit
portfolios comprised by stocks of the component stocks in custody.
borrowed from the BTC (CBLC’s Convertibility offers investors the
securities lending system) is permitted. flexibility to benefit from the different
Securities comprising the portfolio must business opportunities offered by the
strictly comply with its composition. market.
REVENUE FROM BENEFITS
Holders of RCSAs automatically receive
dividends and bonuses distributed by
the companies whose stocks comprise
the Selected Stock Portfolio underlying
the Receipts and may also exercise their
subscription rights via the CBLC, if they
AN ALTERNATIVE FOR
Investors are now offered this
investment alternative, which makes the
joint trading of a basket of stocks - or
the trading of individual stocks -
possible, according to their wishes.
§ 1 - Receipts may only be traded on
RESOLUTION 257/98 - CA BOVESPA after the constitution of the
respective Selected Stock Portfolio with
Authorizes the trading on BOVESPA of the Clearing.
the “Carteira Selecionada de Ações”
(Selected Stock Portfolio) represented § 2 - Each Selected Stock Portfolio shall
by Receipts be composed of a number of stocks
previously approved by BOVESPA, which
The Board of Directors of the São Paulo shall also define the round-lot and the
Stock Exchange (BOVESPA), in the use quotation form regarding the respective
of the attributions conferred upon it by Receipts’ negotiation.
item III, article 68 of its bylaws and in
view of the provisions set forth in article § 3 - The cash market transactions
43, Law 6.404 of December 15,1976, involving the Receipts shall be based on
the reference value of the underlying
RESOLVED: stock portfolio, and shall be traded at
par, at a premium or at a discount.
Article 1 - The trading on BOVESPA of
the Selected Stock Portfolio represented Article 4 - For purposes of this
by Receipts (the “Receipt”) is authorized. Resolution and the operating
regulations, the terms defined below
§ 1 - The Selected Stock Portfolio shall have the following meanings:
Receipt shall be registered and issued, in
book entry form, by the Companhia a. - Receipt - means the stock deposit
Brasileira de Liquidação e Custódia/ receipt issued by the Clearing, in book-
CBLC (the “Clearing”). entry from, representing a portion of a
Selected Stock Portfolio deposited in a
§ 2 - The stocks comprising the Selected custodial account with the Clearing.
Stock Portfolio shall be deposited in a
custodial account with the Clearing. b. - Reference Basis - means, for each
Receipt class, the basket of stocks with
Article 2 - Each Receipt shall represent a its respective quantities, which will be
portion of a specific Selected Stock the reference for specifying the number
Portfolio. of Receipts.
Sole Paragraph - BOVESPA shall c. - Receipt Class - means the Receipt
disclose, on a daily basis, the representing the same basket of stocks,
composition and the reference value of when the issuer, type, class, rights and
each Selected Stock Portfolio. number of stocks are taken into
Article 3 - The trading of each Receipt
on the cash, forward and options d. - Receipt Issuance - means the
markets shall be carried out as provided issuance of a specific Receipt by the
for in BOVESPA’s respective operating Clearing, after the stocks corresponding
regulations. to the Selected Stock Portfolio have
been deposited in the custodial account Sole Paragraph - Investors may request
by the holder. the redemption of the Receipts they
hold. The Clearing shall be in charge of
e. - Basket-Underlying Assets - means making the stocks - corresponding to
the stocks deposited in a custodial the certificates redeemed - available in
account with the Clearing and used in the custodial account indicated by the
the issuance of a Receipt. applicant.
Article 5 - The Selected Stock Portfolio Article 8 - Rights and benefits distributed
may be constituted by institutions and by the stocks comprising the Selected
investors interested in participating in Stock Portfolio shall be given the
the creation thereof, in due compliance following treatment:
with the rules established by BOVESPA.
a. - Cash benefits - amounts resulting
Sole Paragraph - The interested from the distribution of dividends,
institutions and investors may adhere to interest on own capital, cash bonuses or
an already constituted Selected Stock any other benefit in cash shall not be
Portfolio and, for that purpose, they included in the Selected Stock Portfolio.
must own the stocks and their respective Such benefits shall be received by the
quantities, in the proportion of the Clearing and credited to the Receipts’
Portfolio. holders respective accounts, according
to the conditions established by the
Article 6 - Receipts shall be issued by the Clearing, based on the number of
Clearing after the stocks comprising the stocks comprising the Receipt.
Selected Stock Portfolio are deposited in
the custodial account, in compliance b. - Stock benefits - any new stock or
with the minimum Reference Basis security resulting from the distribution of
required to the issuance of the Receipts. bonuses in stocks or other benefits in
securities shall be incorporated into the
Sole Paragraph - Investors interested in Basket-Underlying Assets of the
the creation of Selected Portfolios shall corresponding Receipt, on the date
require the issuance and registration of determined by the Clearing. Special
the Receipts to the Clearing. cases of spin-off, merger, incorporation
or other types of benefits in securities
Article 7 - Investors may require the that do not allow such procedure shall
issuance of new Receipts of a same be given appropriate treatment; and
Class, provided that the minimum
number required for the constitution c. - Subscription - when capital
thereof is met. For such purpose, stocks increase occurs by means of
shall be delivered to the Clearing by such subscription, neither the corresponding
investor in the proportion as determined subscription right nor the stocks resulting
by the Clearing, which shall be liable for from the exercise of said right shall be
issuing, registering and making said incorporated into the Basket-Underlying
Receipts available in the custodial Assets of the Receipt. The corresponding
account specified by the applicant. subscription rights shall be credited to
the Receipt’s holder custodial account Article 11 - With the purpose of
in the proportion of the company’s guaranteeing Receipts’ trading liquidity,
stocks in the Receipt Class, and the BOVESPA may accredit competitive
holder shall declare whether he wants to market makers, who shall make firm bid
exercise his preemptive rights. and ask offers in the market.
Article 9 - When trading of one or more Sole Paragraph - Brokerage firms may
stocks comprising the Selected Stock meet their customers’ orders for
Portfolio is halted on the cash market, purchase or sale of Receipts directly in
trading halts involving the Receipts will the market or may look for the
be examined. Halting will depend on the counterpart of said orders with the
participation of the respective stock or market makers.
stocks in the Portfolio’s total value.
Article 12 - Settlement of Receipt
§ 1 - The participation from which transactions shall comply with the terms
Receipts’ trading shall be halted shall be established by the Clearing for the cash,
determined by BOVESPA. forward and options market.
§ 2 - In the event that trading involving Article 13 - It will be incumbent upon
one or more stocks comprising the the Chief Executive Officer to adopt the
Portfolio is halted, BOVESPA may measures required to the effective
determine, at its sole discretion, one of implementation of this Resolution, and
the following measures: to issue Complementary Rules to
regulate fees, emoluments and
a. - wait for the resumption of trading operating procedures.
involving the suspended stocks;
Article 14 - Unless as otherwise provided
b. - redemption of the Receipt; for, the official rules issued by the Public
Authorities and the pertinent entities shall
c. - withdrawal of the suspended stock be immediately applied as from their
from the composition of the Reference effective date, regardless of notices
Basis. thereon or the issuance of specific or
complementary rules by BOVESPA.
Article 10 - Receipts shall mandatorily
remain deposited with the Clearing Article 15 - This Resolution enters into
custodial account. force as of this date.
Board Room of the São Paulo Stock Exchange, April 06, 1998. Alfredo Rizkallah -
Chairman of Board; Raymundo Magliano Filho - Vice-Chairman; Nelson Bizzacchi
Spinelli - Member of the Board; Henrique Freihofer Molinari - Member of the Board;
Paulo Sérgio Coutinho Galvão Filho - Member of the Board; Alfredo Egydio Setúbal
- Member of the Board; Fernando Ferreira da Silva Telles – Full and Acting Member;
Eduardo Brenner - Deputy; Durval José Soledade Santos - Deputy and Gilberto
Mifano - CEO.
Article 2 - It is incumbent upon the
RESOLUTION 15/98 - CA Board of Officers and the General
Director, in due compliance with the
The Board of Directors of the respective areas and authority, to adopt
Companhia Brasileira de Liquidação e the measures required for the effective
Custódia (Clearing), in the use of the implementation of this Resolution, and
attributions conferred upon it by item XI, also to issue Complementary Rules to
article 12 of its bylaws; and, control fees, emoluments and operating
In view of the request by the São Paulo
Stock Exchange (BOVESPA) aiming at Article 3 - Unless as otherwise provided
the implementation of facilities for the for, the official rules issued by the Public
registration of Receipts (Receipt) Authorities and the pertinent entities
representative of the “Carteira shall be immediately applied as from
Selecionada de Ações” (Selected Stock their effective date, regardless of notices
Portfolio) and derivatives thereof to be thereon or the issuance of specific or
traded on said Exchange, according to complementary rules by the Clearing.
the terms of BOVESPA’s Resolution
257/98-CA issued on April 06, 1998; Article 4 - After obtaining approval from
and, BOVESPA, CBLC may authorize
Receipts’ trading on other stock
In view of the provisions of article 43, exchanges.
Law 6.404 of December 15, 1976.
Article 5 - Any events not provided for in
RESOLVED: this Regulation shall be previously resolved
by the General Director according to the
Article 1 - The Regulation attached to rules and regulations of the Clearing, the
this Resolution which shall govern the applicable legislation and the practices,
Receipts representing the Selected Stock uses, conventions and principles generally
Portfolio (Receipt) is approved. Said accepted by the Market.
Regulation provides for:
Sole Paragraph - In regard to the
1. - issuance of Receipts; decisions of the General Director, based
on the provisions contained in the
2. - custody of Receipts and the caption herein, an appeal with no
respective underlying stocks; suspense effect may be submitted to the
Board of Directors within fifteen (15)
3. - physical and cash settlement of days as of the date on which the
Receipt operations carried out on decision becomes known.
Article 6 - This Resolution enters into
4. - redemption of Receipts. force as of this date.
Board Room of the Cia. Brasileira de Liquidação e Custódia, April 06, 1998.
Alfredo Rizkallah - Chairman of Board; Raymundo Magliano Filho - Vice-Chairman;
Nelson Bizzacchi Spinelli - Full Member; Henrique Freihofer Molinari - Full Member;
Robert John Van Dijk - Full Member; and Carlos Alberto Paes Barreto - Full Member.
REGULATION ATTACHED TO issuance of a specific Receipt in book-
entry form by the Clearing, after the
RESOLUTION 15/98 - CA OF stocks corresponding to the Selected
APRIL 06, 1998 Stock Portfolio have been deposited in
the custodial account by the holder.
CHAPTER I V - Receipt Class - means the Receipt
representing a Selected Stock Portfolio
GENERAL PROVISIONS that stands for a same basket of stocks,
when the issuer, type, class, rights and
Article 1 - The Clearing shall manage number of stocks are taken into
and operate a service called Selected account. Receipt Classes are approved
Stock Portfolio, which shall be governed by BOVESPA.
by this Instrument whenever said
Clearing carries out the issuance of VI - Receipt Redemption - means the
Receipts representing a Selected Stock cancellation of the Receipt by the
Portfolio (the Receipt). Clearing upon request by the holder
and subsequent availability of the
CHAPTER II corresponding stocks.
DEFINITIONS VII - Basket-Underlying Assets -
means the stocks deposited in a
Article 2 - For the purposes of this custodial account with the Clearing and
Regulation the terms defined bellow used upon the issuance of a Receipt.
shall have the following meanings:
VIII - Customer - means the individual
I - Shareholder - means the stock or legal entity that turns over his account
owner, or any person who may exercise through a Custodian User.
any right on said stocks as legal
representative, beneficial owner, trustee IX - Custodian User - means the
or fiduciary. holder of a custodial account with the
II - Receipt - means the stock deposit
receipt issued by the Clearing, in book- CHAPTER III
entry form, representing a portion of a
Selected Stock Portfolio deposited in a STOCKS THAT MAY COMPRISE A
custodial account with the Clearing. SELECTED STOCK PORTFOLIO
III - Reference Basis - means, for each Article 3 - Any and all stock representing
Receipt class, the basket of stocks the stock capital of publicly-held
including their respective quantity, which companies listed on BOVESPA,
will be the reference for specifying the deposited as fungible stock in a
number of Receipts. custodial account with the Clearing, free
and unencumbered of any liens or
IV - Receipt Issuance - means the burdens on its free circulation, may
serve as basket-underlying assets for the Clearing receives the request for the
issuance of a Receipt representing a issuance of a receipt shall be
Selected Stock Portfolio. considered as the registration date of
Article 8 - The Custodian User shall
REGISTRATION OF RECEIPT CLASSES specify, on the request for the issuance
of the Receipt, the Receipt Class
Article 4 - Any Custodian User may, on intended for and the quantity of Receipts
his own behalf or on behalf of a to be issued, and shall further authorize
Customer and after approval by the the Clearing to take all the necessary
Clearing, request the registration with measures for the creation of the
the Clearing of a Receipt Class Selected Stock Portfolio.
approved by BOVESPA and shall
specify: the initial reference date of the Article 9 - The request for the issuance
Class, the issuing companies, the class, of a corresponding Class of Receipt
the status of the rights and the quantity shall be promptly fulfilled by the
of stocks per Reference Portfolio. Clearing whenever all of the stocks and
their respective quantities for the
Sole Paragraph - Any Custodian User composition of the Selected Stock
may adhere to an already constituted Portfolio are available in the Customer’s
Selected Stock Portfolio and for such account.
purpose he shall hold the stocks and the
respective quantity thereof, in the Article 10 - After issuance, the Receipt
proportion of the Portfolio. shall be promptly made available on the
custodial account of the Customer who
Article 5 - The registration of the Class requested such issuance.
shall be carried out by the Clearing,
which shall open a custodial account CHAPTER VI
wherein the stocks that will serve as
basket-underlying assets for the issuance CASH BENEFITS
of Receipts for that Class shall be
deposited. Article 11 - Cash benefits (dividends,
interest on own capital, cash bonuses or
CHAPTER V any other benefit in cash) distributed by
companies whose stocks underlie a
RECEIPT ISSUANCE Receipt Class shall be received by the
Clearing and credited to the Receipt
Article 6 - Any Customer may require holders, in their respective accounts, in
the Clearing, through his Custodian due compliance with the conditions
User, to issue a Receipt within an established by the Clearing and based
already registered Class. on the quantity of stocks comprising the
Receipt. Such cash benefits shall not be
Article 7 - For purposes of this incorporated into the Selected Stock
Regulation the date on which the Portfolio.
Article 12 - The value of cash benefits CHAPTER IX
received by the Clearing shall be
disclosed on a daily basis. CERTIFICATE REDEMPTION
CHAPTER VII Article 17 - Holders may request the
redemption of their respective Receipts
STOCK BENEFITS upon a request to the Clearing for such
purpose, in due compliance with the
Article 13 - Stock benefits (stock minimum quantity of Receipts required
bonuses or any other benefits in bonds for a request for redemption.
or securities) distributed by the issuing
companies shall be received by the Sole Paragraph - The Clearing, at its
Clearing and incorporated into the sole discretion, opportunity and
Basket-Underlying Assets of the convenience, may determine the
corresponding Receipt, therefore redemption of any Receipt upon
changing its Reference Basis, on the previous notice to the market, when it
date specified by the Clearing. shall determine the necessary
procedures, as well as the procedures
Article 14 - Special cases of merger, regarding an eventual cash settlement of
spin-off, incorporation or other types of the Selected Stock Portfolio.
benefits in securities distributed by
companies whose stocks compose a Article 18 - The request for redemption
Receipt Class, that could not be shall be promptly fulfilled by the
incorporated into the Basket-Underlying Clearing, after the Receipts are made
Assets shall be given appropriate available in the holder’s custodial
CHAPTER VIII Article 19 - Redemption shall be carried
out upon the cancellation of Receipts
SUBSCRIPTION and concurrent transference of the
stocks corresponding to the redeemed
Article 15 - In the event that subscription certificates to the holder’s custodial
rights are issued by a company whose account.
stocks comprise the Receipt, then such
rights shall be credited to the custodial Article 20 - Upon a request for
account of the Receipt’s holder who redemption, the holder shall be liable
shall manifest himself in regard to the for the composition of a group of
exercise of his preemptive rights. Receipts that will not result in odd-lots
for individual stocks.
Article 16 - Subscription rights and the
stocks resulting from the exercise of said CHAPTER X
rights shall be the ownership of the
Receipt’s holder and do not compose or GENERAL PROVISIONS
shall not come to compose the Basket-
Underlying Assets. Article 21 - The rules and regulations of
the Clearing shall be applicable to this
Regulation, especially in regard to the
prerogatives of the Custodian Users and
the operating rules of the systems
managed by the Clearing, such as the
ones that regulate confidentiality of
transactions, events of default, breaches
and penalties thereon.
Article 22 - Unless otherwise provided
for, any changes to this Regulation shall
enter into force after a notice is sent to
BOVESPA and the Custodian Users.
Article 23 - In the use of the attributions
conferred upon them, the Clearing’s
Board of Directors and the General
Director shall issue specific or
complementary rules to this Regulation
and shall determine, from time to time,
adequate forms and terms which shall
be, for all purposes whatsoever, an
integral part of this Regulation as of the
This text is not an investment advice.
For further information, we suggest the reading of other printed materials published by BOVESPA.
Also, ask for your broker’s advice. He can help you avaluate the potential risks and advantages of
the trading with securities.
Published by the São Paulo Stock Exchange. No part of this publication may be reproduced without
prior permission, according to the terms of Law 5.988/73.
Printed in November/98
Rua XV de Novembro, 275
01013-001 São Paulo-SP-Brazil
Phone: (5511) 233 2000 Fax: (011) 233 2099