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SECURITIZATION TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2024

Securitization Transactions [Abstract]

Collateralized Debt

The following table summarizes the Company’s collateralized debt under securitization transactions, as of March 31, 2024:

SPEs

Collateralized debt as of March 31, 2024

Interest rate

Currency

Maturity

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

$

201

CDI + 2.50%

Brazilian Reais

May 2025

Mercado Crédito Fundo de Investimento Em Direitos Creditórios Não Padronizado

17

CDI + 3.50%

Brazilian Reais

August 2025

Olimpia Fundo de Investimento Em Direitos Creditórios

104

CDI + 1.25%

Brazilian Reais

November 2024

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

185

CDI + 2.35%

Brazilian Reais

January 2030

Seller Fundo De Investimento Em Direitos Creditórios

208

CDI + 1.60%

Brazilian Reais

March 2026

Seller Fundo De Investimento Em Direitos Creditórios

105

CDI + 1.80%

Brazilian Reais

May 2026

Seller Fundo De Investimento Em Direitos Creditórios

42

CDI + 1.40%

Brazilian Reais

September 2026

Seller Fundo De Investimento Em Direitos Creditórios

21

CDI + 1.60%

Brazilian Reais

November 2026

Mercado Crédito Consumo XXI

1

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

Argentine Pesos

June 2024

Mercado Crédito Consumo XXII

3

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

Argentine Pesos

June 2024

Mercado Crédito Consumo XXIII

3

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

Argentine Pesos

August 2024

Mercado Crédito Consumo XXIV

8

Badlar rates plus 200 basis points with a min 100% and a max 140%

Argentine Pesos

October 2024

Mercado Crédito Consumo XXV

9

Badlar rates plus 200 basis points with a min 100% and a max 150%

Argentine Pesos

November 2024

Mercado Crédito Consumo XXVI

8

Badlar rates plus 200 basis points with a min 100% and a max 160%

Argentine Pesos

November 2024

Mercado Crédito Consumo XXVII

9

Badlar rates plus 200 basis points with a min 100% and a max 180%

Argentine Pesos

March 2025

Mercado Crédito Consumo XXVIII

12

Badlar rates plus 200 basis points with a min 100% and a max 190%

Argentine Pesos

April 2025

Mercado Crédito Consumo XXIX

12

Badlar rates plus 200 basis points with a min 75% and a max 155%

Argentine Pesos

March 2025

Mercado Crédito Consumo XXX

11

Badlar rates plus 200 basis points with a min 75% and a max 155%

Argentine Pesos

April 2025

Mercado Crédito Consumo XXXI (1)

15

Badlar rates plus 200 basis points with a min 45% and a max 125%

Argentine Pesos

March 2025

Mercado Crédito XIX

5

Badlar rates plus 200 basis points with a min 100% and a max 140%

Argentine Pesos

August 2024

Mercado Crédito XX

6

Badlar rates plus 200 basis points with a min 100% and a max 170%

Argentine Pesos

December 2024

Mercado Crédito XXI (1)

5

Badlar rates plus 200 basis points with a min 45% and a max 125%

Argentine Pesos

March 2025

Fideicomiso de administración y fuente de pago CIB/3756

253

The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 2.35%

Mexican Pesos

August 2026

SPEs

Collateralized debt as of March 31, 2024

Interest rate

Currency

Maturity

Fideicomiso de administración y fuente de pago CIB/3369

31

The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 7.0%

Mexican Pesos

April 2025

Fideicomiso de administración y fuente de pago CIB/3369

275

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

Mexican Pesos

April 2025

$

1,549

(1) As of March 31, 2024, Loans payable owned by this trust were obtained through private placements. Mercado Crédito Consumo XXXI trust made a public bond offering in the Argentine stock market on April 8, 2024. Mercado Crédito XXI trust made a public bond offering in the Argentine stock market on April 11, 2024.

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, 2024 and December 31, 2023 as follows:

			March 31, 2024						December 31, 2023
Assets			(In millions)
Current assets:
Restricted cash and cash equivalents			$	312					$	355
Credit card receivables and other means of payments, net			89						105
Loans receivable, net			1,309						1,198
Total current assets			1,710						1,658
Non-current assets:
Long-term investments			23						23
Loans receivable, net			37						27
Total non-current assets			60						50
Total assets			$	1,770					$	1,708
Liabilities
Current liabilities:
Loans payable and other financial liabilities			$	737					$	693
Other liabilities			1						1
Total current liabilities			738						694
Non-current liabilities:
Loans payable and other financial liabilities			812						782
Total non-current liabilities			812						782
Total liabilities			$	1,550					$	1,476

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