SAO PAULO Dec 5 Brazil's Cetip SA Mercados
Organizados is more inclined to use cash to cut debt
than to buy back shares, Chief Financial Officer Francisco
Carlos Gomes said in a meeting with analysts on Wednesday.
The current cost of borrowing on Cetip's debt is "high"
relative to the company's profile, Chief Executive Luiz Fernando
"Paying CDI (benchmark interbank rate) plus two percentage
points looks high to me, given that the company is a strong
creditor, has a strong name," Fleury, who will step down next