XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Securitization Transactions (Tables)
 3 Months Ended
Mar. 31, 2023
Securitization Transactions [Abstract]  
Collateralized Debt
The following table summarizes the Company’s collateralized debt under securitization transactions, as of March 31, 2023:
SPEsCollateralized debt as of March 31, 2023Interest rateCurrencyMaturity
Mercado Crédito I Brasil Fundo de Investimento Em Direitos Creditórios Não Padronizados$198
CDI + 2.50%
Brazilian ReaisJune 2025
Fundo de Investimento Em DireitosCreditórios Arandu198
CDI + 1.75%
Brazilian ReaisJune 2023
Mercado Crédito Fundo de Investimento Em Direitos Creditórios Não Padronizado3
CDI + 3.50%
Brazilian ReaisAugust 2023
Olimpia Fundo de Investimento Em Direitos Creditórios103
CDI + 1.25%
Brazilian ReaisNovember 2024
Mercado Crédito II Brasil Fundo De Investimento Em Direitos Creditórios Nao Padronizados222
CDI + 1.90%
Brazilian ReaisApril 2028
Mercado Crédito Consumo IX2
Badlar rates plus 200 basis points with a min 30% and a max 52%
Argentine PesosMay 2023
Mercado Crédito Consumo X5
Badlar rates plus 200 basis points with a min 35% and a max 62%
Argentine PesosJune 2023
Mercado Crédito Consumo XI6
Badlar rates plus 200 basis points with a min 35% and a max 63%
Argentine PesosAugust 2023
Mercado Crédito Consumo XII9
Badlar rates plus 200 basis points with a min 35% and a max 70%
Argentine PesosSeptember 2023
Mercado Crédito Consumo XIII13
Badlar rates plus 200 basis points with a min 35% and a max 74%
Argentine PesosNovember 2023
Mercado Crédito Consumo XIV14
Badlar rates plus 200 basis points with a min 35% and a max 80%
Argentine PesosOctober 2023
Mercado Crédito Consumo XV14
Badlar rates plus 200 basis points with a min 35% and a max 92%
Argentine PesosOctober 2023
Mercado Crédito Consumo XVI14
Badlar rates plus 200 basis points with a min 60% and a max 92%
Argentine PesosDecember 2023
Mercado Crédito Consumo XVII15
Badlar rates plus 200 basis points with a min 60% and a max 92%
Argentine PesosJanuary 2024
Mercado Crédito Consumo XVIII19
Badlar rates plus 200 basis points with a min 60% and a max 92%
Argentine PesosJanuary 2024
Mercado Crédito Consumo XIX (*)19
Badlar rates plus 200 basis points with a min 60% and a max 92%
Argentine PesosFebruary 2024
Mercado Crédito XIV2
Badlar rates plus 200 basis points with a min 30% and a max 48%
Argentine PesosApril 2023
Mercado Crédito XV6
Badlar rates plus 200 basis points with a min 30% and a max 56%
Argentine PesosAugust 2023
Mercado Crédito XVI11
Badlar rates plus 200 basis points with a min 35% and a max 80%
Argentine PesosSeptember 2023
Mercado Crédito XVII12
Badlar rates plus 200 basis points with a min 35% and a max 88%
Argentine PesosMarch 2024
Mercado Crédito XVIII19
Badlar rates plus 200 basis points with a min 35% and a max 92%
Argentine PesosJanuary 2024
Fideicomiso de administración y fuente de pago CIB/3756166
The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 1.90%
Mexican PesosSeptember 2024
Fideicomiso de administración y fuente de pago CIB/3369226
The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 3.0%
Mexican PesosApril 2025
$1,296
(*)As of March 31, 2023, Loans payable owned by these trusts were obtained through private placements. Mercado Crédito Consumo XIX trust made a public bond offering in the Argentine stock market on April 13, 2023.
Assets and Liabilities of the Trust
The assets and liabilities of the SPEs are included in the Company’s unaudited interim condensed consolidated financial statements as of March 31, 2023 and December 31, 2022 as follows:
March 31,
2023		December 31,
2022
Assets(In millions)
Current assets:
Restricted cash and cash equivalents$610 $459 
Short-term investments1 — 
Credit card receivables and other means of payments, net231 317 
Loans receivable, net890 799 
Total current assets1,732 1,575 
Non-current assets:
Long-term investments21 21 
Loans receivable, net19 24 
Total non-current assets40 45 
Total assets$1,772 $1,620 
Liabilities
Current liabilities:
Accounts payable and accrued expenses$1 $4 
Loans payable and other financial liabilities723 535 
Other liabilities5 1 
Total current liabilities729 540 
Non-current liabilities:
Loans payable and other financial liabilities573 703 
Total non-current liabilities573 703 
Total liabilities$1,302 $1,243