Third, a process of loss of trust in the companies was observed, due to
their scarcely transparent operations performed in opaque markets. That meant a
larger diffi culty in securing new loans or renewing old ones, not just because the
companies that incurred in those losses with derivatives lost credibility with the
banks for making “unknown” operations, but also because they endangered, in a
great measure, their future profi ts, destined to the payment of those debts