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SECURITIZATION TRANSACTIONS (Tables) | 3 Months Ended
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Mar. 31, 2025
Securitization Transactions [Abstract] |
Collateralized Debt | The following table summarizes the Company’s collateralized debt under securitization transactions, as of March 31, 2025:
SPEs |  | Collateralized debt (In millions) |  | Interest rate |  | Currency |  | Maturity
Mercado Crédito I Brasil Fundo de Investimento Em Direitos Creditórios Não Padronizados |  | $ | 140 |  | CDI + 2.50% |  | Brazilian Reais |  | March 2027
Mercado Crédito Fundo de Investimento Em Direitos Creditórios Não Padronizado |  | 17 |  | CDI + 3.50% |  | Brazilian Reais |  | August 2025
Mercado Crédito II Brasil Fundo De Investimento Em Direitos Creditórios Nao Padronizados |  | 209 |  | CDI + 2.35% |  | Brazilian Reais |  | January 2030
Mercado Crédito II Brasil Fundo De Investimento Em Direitos Creditórios Nao Padronizados |  | 70 |  | CDI + 5.25% |  | Brazilian Reais |  | July 2028
Seller Fundo De Investimento Em Direitos Creditórios |  | 183 |  | CDI + 1.60% |  | Brazilian Reais |  | March 2026
Seller Fundo De Investimento Em Direitos Creditórios |  | 91 |  | CDI + 1.80% |  | Brazilian Reais |  | May 2026
Seller Fundo De Investimento Em Direitos Creditórios |  | 37 |  | CDI + 1.40% |  | Brazilian Reais |  | September 2026
Seller Fundo De Investimento Em Direitos Creditórios |  | 18 |  | CDI + 1.60% |  | Brazilian Reais |  | November 2026
Seller II Fundo De Investimento Em Direitos Creditórios Segmento Meios De Pagamento De Resp Ltda |  | 175 |  | CDI + 0.85% |  | Brazilian Reais |  | July 2027
Mercado Crédito Consumo XXXIV |  | 7 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | April - July 2025 (1)
Mercado Crédito Consumo XXXV |  | 15 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | June - August 2025 (1)
Mercado Crédito XXII |  | 1 |  | Badlar rates plus 200 basis points with a min 15% and a max 70% |  | Argentine Pesos |  | April 2025
Mercado Crédito XXIII |  | 8 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | May - June 2025 (1)
Mercado Crédito XXIV |  | 10 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | June - August 2025 (1)
Mercado Crédito XXV |  | 29 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | July - August 2025 (1)
Mercado Crédito XXVI |  | 33 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | August - October 2025 (1)
Mercado Crédito XXVII |  | 31 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | August - October 2025 (1)
Mercado Crédito XXVIII |  | 30 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | September - November 2025 (1)
Mercado Crédito XXIX |  | 31 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | September - November 2025 (1)
Mercado Crédito XXX |  | 38 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | October - December 2025 (1)
Mercado Crédito XXXI |  | 43 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | October - December 2025 (1)
SPEs |  | Collateralized debt (In millions) |  | Interest rate |  | Currency |  | Maturity
Mercado Crédito XXXII |  | 46 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | November 2025 - January 2026 (1)
Mercado Crédito XXXIII |  | 51 |  | Badlar rates plus 200 basis points with a min 15% and a max 60% |  | Argentine Pesos |  | November 2025 - February 2026 (1)
Mercado Crédito XXXIV |  | 57 |  | Badlar rates plus 200 basis points with a min 10% and a max 50% |  | Argentine Pesos |  | January - March 2026 (1)
Mercado Crédito XXXV (2) |  | 61 |  | Badlar rates plus 200 basis points with a min 10% and a max 40% |  | Argentine Pesos |  | February - March 2026 (1)
Mercado Crédito XXXVI (2) |  | 60 |  | TAMAR rates plus 100 basis points with a min 15% and a max 50% |  | Argentine Pesos |  | March - July 2026 (1)
Fideicomiso de administración y fuente de pago CIB/3756 |  | 205 |  | The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 2.35% |  | Mexican Pesos |  | August 2026
Fideicomiso de administración y fuente de pago CIB/3369 |  | 30 |  | The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 7.0% |  | Mexican Pesos |  | July 2027
Fideicomiso de administración y fuente de pago CIB/3369 |  | 222 |  | The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 2.80% |  | Mexican Pesos |  | July 2027
Fideicomiso Irrevocable de Administración y Fuente de Pago número CIB/4372 |  | 131 |  | The equilibrium interbank interest rate published by Banco de Mexico in the Diario Oficial plus 2.50% |  | Mexican Pesos |  | August 2027
Frontal Trust Mercado Pago Créditos Fondo de Inversión |  | 8 |  | TAB 30 + 2.10% |  | Chilean Pesos |  | November 2027
Frontal Trust Mercado Pago Créditos Fondo de Inversión |  | 2 |  | TAB 30 + 3.90% |  | Chilean Pesos |  | November 2027
Frontal Trust Mercado Pago Créditos Fondo de Inversión |  | 7 |  | TAB 30 + 4.25% |  | Chilean Pesos |  | November 2027
|  | $ | 2,096 |  |  |  |  |  |
(1) Minimum and maximum maturity depending on the applica ble interest rate within the range. (2) As of March 31, 2025, Loans payables owned by this trust were obtained through private placements. Mercado Crédito XXXV trust made the public debt issuance in the Argentine stock market on April 8, 2025. Mercado Crédito XXXVI trust made the public debt issuance in the Argentine stock market on May 8, 2025.
Assets and Liabilities of the Trust | The assets and liabilities of the SPEs through which the Company securitizes financial assets as of March 31, 2025 and December 31, 2024 are as follows:
| March 31, 2025 |  | December 31, 2024
Assets | (In millions)
Current assets: |  |  |
Restricted cash and cash equivalents | $ | 410 |  |  | $ | 492 |
Loans receivable, net of allowances | 1,695 |  |  | 1,410 |
Intercompany receivables | 933 |  |  | 743 |
Other assets | — |  |  | 1 |
Total current assets | 3,038 |  |  | 2,646 |
Non-current assets: |  |  |
Long-term investments | 11 |  |  | 12 |
Loans receivable, net of allowances | 132 |  |  | 102 |
Total non-current assets | 143 |  |  | 114 |
Total assets | $ | 3,181 |  |  | $ | 2,760 |
Liabilities |  |  |
Current liabilities: |  |  |
Accounts payable and accrued expenses | $ | 1 |  |  | $ | 1 |
Loans payable and other financial liabilities | 864 |  |  | 610 |
Intercompany liabilities | 66 |  |  | 24 |
Other liabilities | 1 |  |  | 1 |
Total current liabilities | 932 |  |  | 636 |
Non-current liabilities: |  |  |
Loans payable and other financial liabilities | 1,232 |  |  | 1,232 |
Total non-current liabilities | 1,232 |  |  | 1,232 |
Total liabilities | $ | 2,164 |  |  | $ | 1,868 |

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