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Securitization Transactions (Tables)

6 Months Ended

Jun. 30, 2023

Securitization Transactions [Abstract]

Collateralized Debt

The following table summarizes the Company’s collateralized debt under securitization transactions, as of June 30, 2023:

SPEs

Collateralized debt as of June 30, 2023

Interest rate

Currency

Maturity

Mercado Crédito I Brasil Fundo de Investimento Em Direitos Creditórios Não Padronizados

$

209

CDI + 2.50%

Brazilian Reais

June 2025

Mercado Crédito Fundo de Investimento Em Direitos Creditórios Não Padronizado

1

CDI + 3.50%

Brazilian Reais

August 2023

Olimpia Fundo de Investimento Em Direitos Creditórios

105

CDI + 1.25%

Brazilian Reais

November 2024

Mercado Crédito II Brasil Fundo De Investimento Em Direitos Creditórios Nao Padronizados

130

CDI + 1.90%

Brazilian Reais

April 2028

Seller Fundo De Investimento Em Direitos Creditórios

205

CDI + 1.60%

Brazilian Reais

March 2026

Seller Fundo De Investimento Em Direitos Creditórios

102

CDI + 1.80%

Brazilian Reais

May 2026

Mercado Crédito Consumo XI

1

Badlar rates plus 200 basis points with a min 35% and a max 63%

Argentine Pesos

August 2023

Mercado Crédito Consumo XII

2

Badlar rates plus 200 basis points with a min 35% and a max 70%

Argentine Pesos

September 2023

Mercado Crédito Consumo XIII

2

Badlar rates plus 200 basis points with a min 35% and a max 74%

Argentine Pesos

November 2023

Mercado Crédito Consumo XIV

4

Badlar rates plus 200 basis points with a min 35% and a max 80%

Argentine Pesos

October 2023

Mercado Crédito Consumo XV

7

Badlar rates plus 200 basis points with a min 35% and a max 92%

Argentine Pesos

October 2023

Mercado Crédito Consumo XVI

12

Badlar rates plus 200 basis points with a min 60% and a max 92%

Argentine Pesos

December 2023

Mercado Crédito Consumo XVII

13

Badlar rates plus 200 basis points with a min 60% and a max 92%

Argentine Pesos

January 2024

Mercado Crédito Consumo XVIII

16

Badlar rates plus 200 basis points with a min 60% and a max 92%

Argentine Pesos

January 2024

Mercado Crédito Consumo XIX

18

Badlar rates plus 200 basis points with a min 60% and a max 92%

Argentine Pesos

February 2024

Mercado Crédito Consumo XX

22

Badlar rates plus 200 basis points with a min 60% and a max 92%

Argentine Pesos

March 2024

Mercado Crédito Consumo XXI

21

Badlar rates plus 200 basis points with a min 80% and a max 120%

Argentine Pesos

June 2024

Mercado Crédito Consumo XXII (*)

20

Badlar rates plus 200 basis points with a min 80% and a max 120%

Argentine Pesos

June 2024

Mercado Crédito XV

2

Badlar rates plus 200 basis points with a min 30% and a max 56%

Argentine Pesos

August 2023

Mercado Crédito XVI

5

Badlar rates plus 200 basis points with a min 35% and a max 80%

Argentine Pesos

September 2023

Mercado Crédito XVII

7

Badlar rates plus 200 basis points with a min 35% and a max 88%

Argentine Pesos

March 2024

Mercado Crédito XVIII

13

Badlar rates plus 200 basis points with a min 35% and a max 92%

Argentine Pesos

January 2024

Fideicomiso de administración y fuente de pago CIB/3756

175

The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 1.90%

Mexican Pesos

September 2024

Fideicomiso de administración y fuente de pago CIB/3369

261

The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 3.0%

Mexican Pesos

April 2025

$

1,353

(*)As of June 30, 2023, Loans payable owned by this trust were obtained through private placements. Mercado Crédito Consumo XXII trust made a public bond offering in the Argentine stock market on July 7, 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 June 30, 2023 and December 31, 2022 as follows:


			June 30, 2023						December 31, 2022
Assets			(In millions)
Current assets:
Restricted cash and cash equivalents			$	792					$	459
Short-term investments			1						—
Credit card receivables and other means of payments, net			106						317
Loans receivable, net			989						799
Total current assets			1,888						1,575
Non-current assets:
Long-term investments			23						21
Loans receivable, net			17						24
Total non-current assets			40						45
Total assets			$	1,928					$	1,620
Liabilities
Current liabilities:
Accounts payable and accrued expenses			$	—					$	4
Loans payable and other financial liabilities			749						535
Other liabilities			4						1
Total current liabilities			753						540
Non-current liabilities:
Loans payable and other financial liabilities			604						703
Total non-current liabilities			604						703
Total liabilities			$	1,357					$	1,243