SHARE-BASED PAYMENTS - Weighted Average Fair Value (Details) |
12 Months Ended |
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Dec. 31, 2020
R$ / shares
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| Share-based Payments | |
| Fair value of options granted | R$ 4.04 |
| Share price (in BRL per share) | 18.05 |
| Exercise price (in BRL per share) | R$ 18.05 |
| Expected volatility | 22.30% |
| Vesting year | 5 |
| Expected dividends | 5.00% |
| Risk-free interest rate | 6.80% |
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- Definition The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The option life of share options granted. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The percentage of an expected dividend used to calculate the fair value of share options granted. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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