Securities sold under repurchase agreements and interbank and institutional market funds

12 Months Ended

Dec. 31, 2019

Securities sold under repurchase agreements and interbank and institutional market funds

Note 17 – Securities sold under repurchase agreements and interbank and institutional market funds

a)	Securities sold under repurchase agreements

The table below shows the breakdown of funds:


		12/31/2019						12/31/2018
	Interest rate (p.a.)	Current		Non- current		Total		Current		Non- current		Total
Assets pledged as collateral			67,065		2,696		69,761		71,231		6,420		77,651
Government securities	3.88% to 93.50% of CDI		46,271		—		46,271		46,676		4		46,680
Corporate debt securities	25% of CDI to 89% of CDI		17,665		—		17,665		9,051		—		9,051
Own issue	82.50% of CDI to 16.93%		2,831		2,427		5,258		15,156		6,261		21,417
Foreign	0.16% to 34.90%		298		269		567		348		155		503
Assets received as collateral	3.80% to 4.40%		140,004		—		140,004		172,953		—		172,953
Right to sell or repledge the collateral	1.08% to IPCA + 6%		16,807		30,011		46,818		27,337		52,296		79,633

Total			223,876		32,707		256,583		271,521		58,716		330,237

b)	Interbank market fund s


		12/31/2019						12/31/2018
	Interest rate (p.a.)	Current		Non- current		Total		Current		Non- current		Total
Financial credit bills	4.94% to 17.68%		20,829		44,604		65,433		9,139		28,789		37,928
Real state credit bills	IPCA to 12.22%		6,194		1,441		7,635		6,465		3,081		9,546
Agribusiness credit bills	4.56 to 15%		14,543		6,661		21,204		9,586		8,427		18,013
Guaranteed real state notes	96% of CDI to 99.5% of CDI		—		4,320		4,320		—		1,227		1,227
Import and export financing	0% to 9.60%		60,530		4,092		64,622		42,685		7,365		50,050
On-lending-domestic	0% to 19.79%		7,921		3,727		11,648		5,301		12,605		17,906

Total			110,017		64,845		174,862		73,176		61,494		134,670

Funding for import and export financing represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign currency.

c)	Institucional market funds


		12/31/2019						12/31/2018
	Interest rate (p.a.)	Current		Non- current		Total		Current		Non- current		Total
Subordinated debt (1)	LIBOR to IPCA + 4.63%		4,098		55,364		59,462		343		48,970		49,313
Obligations on securities abroad	(2.05)% to 30.13%		9,162		34,510		43,672		6,232		35,631		41,863
Raisings through Structured Operations Certificates (2)	2.62% to 11.12%		575		535		1,110		1,949		849		2,798

Total			13,835		90,409		104,244		8,524		85,450		93,974

(1)	At 12/31/2019, the amount of R$ 36,627 (R$ 35,205 at 12/31/2018) is included in the Reference Equity, under the proportion defined by CMN Resolution No. 4,192, on March 01, 2013.

(2)	At 12/31/2019, the market value of raisings through Structured Operations Certificates issued is R$ 1,204 (R$ 2,902 at 12/31/2018).