CADE: Administrative Council for Economic Defense, Brazil’s antitrust authority.


CO-BRANDED CARDS: The result of a partnership between GPA’s formats and credit card companies, they are designed to build client loyalty. The more customers use their cards, the more advantages they receive.


CBLC: Brazilian Depository and Clearing Corporation.


CDI: Interbank Deposit Certificate.


CETIP: Brazil’s OTC clearing house.


CHECKOUT: Store points of sale where products are verified and paid for.


CMN: National Monetary Council.


COMPREBEM: GPA supermarkets.


CVM: Brazilian Securities and Exchange Commission.


CUSTOMER FLOW: Movement of consumers in the Group’s stores.