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Derivatives (Tables)
12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
Schedule of composition of the derivative financial instruments portfolio
               
  12/31/2024
  Fair value % 0-30 31-90 91-180 181-365 366-720 Over 720 days
Assets                
Swaps – adjustment receivable 55,428 59.9% 4,511 1,276 1,653 2,610 8,237 37,141
Option agreements 21,170 22.9% 6,209 2,371 1,892 8,767 1,454 477
Forwards 1,739 1.9% 1,568 62 87 5 - 17
Credit derivatives 633 0.7% 2 1 25 26 19 560
NDF - Non Deliverable Forward 12,207 13.2% 2,227 2,565 2,254 2,478 1,614 1,069
Other Derivative Financial Instruments 1,262 1.4% 715 130 5 2 6 404
Total 92,439 100.0% 15,232 6,405 5,916 13,888 11,330 39,668
% per maturity date     16.5% 6.9% 6.4% 15.0% 12.3% 42.9%

 

                 
  12/31/2024
  Fair value % 0-30 31-90 91-180 181-365 366-720 Over 720 days
Liabilities                
Swaps – adjustment payable (51,394) 60.2% (3,187) (1,889) (2,403) (3,665) (10,065) (30,185)
Option agreements (20,588) 24.1% (3,902) (2,424) (2,177) (10,224) (1,065) (796)
Forwards (1,450) 1.7% (1,435) - - (2) - (13)
Credit derivatives (795) 0.9% - - (153) (58) (6) (578)
NDF - Non Deliverable Forward (10,761) 12.6% (2,048) (2,884) (2,235) (1,676) (1,415) (503)
Other Derivative Financial Instruments (425) 0.5% (203) (9) (5) (1) (15) (192)
Total (85,413) 100.0% (10,775) (7,206) (6,973) (15,626) (12,566) (32,267)
% per maturity date     12.6% 8.4% 8.2% 18.3% 14.7% 37.8%

  12/31/2023
  Fair value % 0-30 31-90 91-180 181-365 366-720 Over 720 days
Assets                
Swaps – adjustment receivable 37,957 68.7% 4,310 1,063 1,177 2,915 7,921 20,571
Option agreements 7,718 14.0% 1,374 3,095 675 1,638 710 226
Forwards 3,274 5.9% 3,129 85 32 9 - 19
Credit derivatives 282 0.5% 2 - 5 11 73 191
NDF - Non Deliverable Forward 5,378 9.7% 1,048 1,191 1,025 1,032 789 293
Other Derivative Financial Instruments 642 1.2% 464 2 7 8 7 154
Total 55,251 100.0% 10,327 5,436 2,921 5,613 9,500 21,454
% per maturity date     18.7% 9.8% 5.3% 10.2% 17.2% 38.8%

 

                 
  12/31/2023
  Fair value % 0-30 31-90 91-180 181-365 366-720 Over 720 days
Liabilities                
Swaps –  adjustment payable (35,741) 63.8% (3,231) (745) (1,245) (2,074) (6,476) (21,970)
Option agreements (8,972) 20.4% (903) (775) (1,542) (4,693) (595) (464)
Forwards (2,982) 5.3% (2,965) - - - (1) (16)
Credit derivatives (149) 0.5% - - (1) (2) (32) (114)
NDF - Non Deliverable Forward (4,478) 9.6% (887) (812) (1,037) (1,027) (443) (272)
Other Derivative Financial Instruments (153) 0.4% (2) (4) (4) (2) (6) (135)
Total (52,475) 100.0% (7,988) (2,336) (3,829) (7,798) (7,553) (22,971)
% per maturity date     15.2% 4.5% 7.3% 14.9% 14.4% 43.7%
Schedule of composition of derivatives by index
         
    Off-balance sheet / notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value
    12/31/2024
Future contracts   868,983 - - -
Purchase commitments   322,323 - - -
Shares   11,490 - - -
Commodities   1,266 - - -
Interest   275,950 - - -
Foreign currency   33,617 - - -
Commitments to sell   546,660 - - -
Shares   14,438 - - -
Commodities   6,878 - - -
Interest   490,906 - - -
Foreign currency   34,438 - - -
Swap contracts     (7,451) 11,485 4,034
Asset position   2,844,414 24,685 30,743 55,428
Shares   24,730 128 (45) 83
Commodities   147 1 4 5
Interest   2,613,244 15,244 27,868 43,112
Foreign currency   206,293 9,312 2,916 12,228
Liability position   2,844,414 (32,136) (19,258) (51,394)
Shares   30,542 (1,484) 985 (499)
Commodities   757 - (4) (4)
Interest   2,586,466 (18,387) (18,067) (36,454)
Foreign currency   226,649 (12,265) (2,172) (14,437)
Option contracts   2,325,428 871 (289) 582
Purchase commitments – long position   415,232 15,680 2,908 18,588
Shares   57,471 13,309 21 13,330
Commodities   4,761 252 114 366
Interest   302,455 725 1,705 2,430
Foreign currency   50,545 1,394 1,068 2,462
Commitments to sell – long position   745,131 3,651 (1,069) 2,582
Shares   66,670 1,351 35 1,386
Commodities   1,762 59 (4) 55
Interest   623,204 162 (153) 9
Foreign currency   53,495 2,079 (947) 1,132
Purchase commitments – short position   423,455 (15,629) (3,077) (18,706)
Shares   53,380 (11,592) 262 (11,330)
Commodities   4,822 (153) (85) (238)
Interest   304,499 (2,191) (1,708) (3,899)
Foreign currency   60,754 (1,693) (1,546) (3,239)
Commitments to sell – short position   741,610 (2,831) 949 (1,882)
Shares   66,041 (1,130) (256) (1,386)
Commodities   2,720 (124) - (124)
Interest   623,629 (159) 134 (25)
Foreign currency   49,220 (1,418) 1,071 (347)
Forward operations   5,273 287 2 289
Purchases receivable   328 373 (1) 372
Shares   37 37 (1) 36
Interest   291 336 - 336
Purchases payable obligations   - (305) - (305)
Commodities   - (15) - (15)
Interest   - (290) - (290)
Sales receivable   2,110 1,366 1 1,367
Shares   286 281 1 282
Commodities   18 18 - 18
Interest   - 1,066 - 1,066
Foreign currency   1,806 1 - 1
Sales deliverable obligations   2,835 (1,147) 2 (1,145)
Interest   1,066 (1,146) 4 (1,142)
Foreign currency   1,769 (1) (2) (3)
Credit derivatives   100,812 (210) 48 (162)
Asset position   72,064 584 49 633
Shares   4,976 94 80 174
Commodities   26 - - -
Interest   67,062 490 (31) 459
Liability position   28,748 (794) (1) (795)
Shares   2,963 (41) (78) (119)
Interest   25,785 (753) 77 (676)
NDF - Non Deliverable Forward   632,408 1,166 280 1,446
Asset position   316,826 11,541 666 12,207
Commodities   2,689 284 (32) 252
Foreign currency   314,137 11,257 698 11,955
Liability position   315,582 (10,375) (386) (10,761)
Commodities   3,854 (310) 5 (305)
Foreign currency   311,728 (10,065) (391) (10,456)
Other derivative financial instruments   18,128 125 712 837
Asset position   15,649 200 1,062 1,262
Shares   1,137 (1) 25 24
Commodities   143 - 6 6
Interest   6,696 201 188 389
Foreign currency   7,673 - 843 843
Liability position   2,479 (75) (350) (425)
Shares   1,970 (5) (20) (25)
Commodities   184 - (6) (6)
Interest   275 (36) (86) (122)
Foreign currency   50 (34) (238) (272)
           
    Asset 58,080 34,359 92,439
    Liability (63,292) (22,121) (85,413)
    Total (5,212) 12,238 7,026
Schedule of derivative contracts maturity
         
Off-balance sheet / notional amount 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2024
Future contracts 205,732 342,884 113,961 206,406 868,983
Swap contracts 442,179 391,153 329,901 1,681,181 2,844,414
Option contracts 845,197 289,010 1,139,192 52,029 2,325,428
Forwards (onshore) 1,535 758 2,963 17 5,273
Credit derivatives 7,044 21,839 17,740 54,189 100,812
NDF - Non Deliverable Forward 159,559 235,623 113,305 123,921 632,408
Other derivative financial instruments 5,245 3,139 782 8,962 18,128
Schedule of composition of derivatives by index
         
    Off-balance sheet notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value
    12/31/2023
Future contracts   844,005 - - -
Purchase commitments   267,803 - - -
Shares   6,721 - - -
Commodities   774 - - -
Interest   236,105 - - -
Foreign currency   24,203 - - -
Commitments to sell   576,202 - - -
Shares   6,580 - - -
Commodities   4,982 - - -
Interest   547,150 - - -
Foreign currency   17,490 - - -
Swap contracts     230 1,986 2,216
Asset position   2,396,474 19,890 18,067 37,957
Shares   369 7 6 13
Commodities   708 19 1 20
Interest   2,213,528 17,807 15,079 32,886
Foreign currency   181,869 2,057 2,981 5,038
Liability position   2,396,474 (19,660) (16,081) (35,741)
Shares   3,416 (612) 405 (207)
Commodities   2,088 (37) 4 (33)
Interest   2,175,623 (17,168) (13,225) (30,393)
Foreign currency   215,347 (1,843) (3,265) (5,108)
Option contracts   1,648,851 (1,005) (249) (1,254)
Purchase commitments – long position   226,918 4,313 688 5,001
Shares   42,955 3,072 1,529 4,601
Commodities   3,130 280 (123) 157
Interest   146,915 241 (103) 138
Foreign currency   33,918 720 (615) 105
Commitments to sell – long position   588,977 3,364 (647) 2,717
Shares   45,623 2,332 (887) 1,445
Commodities   1,409 55 5 60
Interest   521,735 306 74 380
Foreign currency   20,210 671 161 832
Purchase commitments – short position   212,969 (4,679) (447) (5,126)
Shares   41,220 (2,905) (1,048) (3,953)
Commodities   1,799 (79) (2) (81)
Interest   140,310 (1,001) 123 (878)
Foreign currency   29,640 (694) 480 (214)
Commitments to sell – short position   619,987 (4,003) 157 (3,846)
Shares   46,400 (2,776) 653 (2,123)
Commodities   2,947 (122) (48) (170)
Interest   545,656 (340) (51) (391)
Foreign currency   24,984 (765) (397) (1,162)
Forward operations   6,022 290 2 292
Purchases receivable   2,533 2,602 (2) 2,600
Shares   38 38 (2) 36
Interest   2,495 2,564 - 2,564
Purchases payable obligations   - (2,511) - (2,511)
Commodities   - (16) - (16)
Interest   - (2,495) - (2,495)
Sales receivable   2,869 671 3 674
Shares   225 223 - 223
Commodities   16 16 3 19
Interest   1 432 - 432
Foreign currency   2,627 - - -
Sales deliverable obligations   620 (472) 1 (471)
Interest   431 (472) 1 (471)
Foreign currency   189 - - -
Credit derivatives   53,033 (17) 150 133
Asset position   38,069 (196) 478 282
Shares   4,255 69 75 144
Commodities   15 - - -
Interest   33,799 (265) 403 138
Liability position   14,964 179 (328) (149)
Shares   1,347 (18) (12) (30)
Commodities   1 - - -
Interest   13,616 197 (316) (119)
NDF - Non Deliverable Forward   316,620 682 218 900
Asset position   175,223 4,769 609 5,378
Commodities   2,406 269 (45) 224
Foreign currency   172,817 4,500 654 5,154
Liability position   141,397 (4,087) (391) (4,478)
Commodities   2,734 (134) (12) (146)
Foreign currency   138,663 (3,953) (379) (4,332)
Other derivative financial instruments   8,415 180 309 489
Asset position   6,279 188 454 642
Shares   855 - 17 17
Commodities   196 - 4 4
Interest   5,194 188 (33) 155
Foreign currency   34 - 466 466
Liability position   2,136 (8) (145) (153)
Shares   1,385 (1) (14) (15)
Commodities   209 - (4) (4)
Interest   382 (7) (15) (22)
Foreign currency   160 - (112) (112)
    Asset 35,601 19,650 55,251
    Liability (35,241) (17,234) (52,475)
    Total 360 2,416 2,776
Schedule of derivative contracts maturity
         
Off-balance sheet – notional amount 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2023
Future contracts 257,896 282,162 98,490 205,457 844,005
Swap contracts 363,159 529,896 232,080 1,271,339 2,396,474
Option contracts 1,043,317 201,220 371,901 32,413 1,648,851
Forwards 3,291 977 1,738 16 6,022
Credit derivatives 3,919 827 8,228 40,059 53,033
NDF - Non Deliverable Forward 116,815 110,717 51,623 37,465 316,620
Other derivative financial instruments 218 706 873 6,618 8,415
Schedule of derivative financial instruments portfolio by type of instrument
             
  12/31/2024
  Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments
Stock exchange 868,953 123,051 2,169,517 3,897 49,473 237,917 106
Over-the-counter market 30 2,721,363 155,911 1,376 51,339 394,491 18,022
Financial institutions - 2,443,581 103,011 1,357 51,339 160,989 6,190
Companies 30 251,138 49,989 19 - 228,292 11,832
Individuals - 26,644 2,911 - - 5,210 -
Total 868,983 2,844,414 2,325,428 5,273 100,812 632,408 18,128

 

               
  12/31/2023
  Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments
Stock exchange 843,998 1,270,415 1,567,679 3,080 23,672 97,152 -
Over-the-counter market 7 1,126,059 81,172 2,942 29,361 219,468 8,415
Financial institutions - 972,002 45,513 2,926 29,361 87,784 5,225
Companies 7 137,068 33,826 16 - 129,034 3,190
Individuals - 16,989 1,833 - - 2,650 -
Total 844,005 2,396,474 1,648,851 6,022 53,033 316,620 8,415
Schedule of portfolio of credit derivatives
         
  12/31/2024
  Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years
By instrument          
CDS 37,066 6,463 11,940 18,192 471
TRS 36,037 36,037 - - -
Total by instrument 73,103 42,500 11,940 18,192 471
By risk rating          
Investment grade 10,014 1,222 1,544 7,153 95
Below investment grade 63,089 41,278 10,396 11,039 376
Total by risk 73,103 42,500 11,940 18,192 471
By reference entity          
Brazilian government 59,799 40,664 8,678 10,284 173
Governments – abroad 411 78 141 192 -
Private entities 12,893 1,758 3,121 7,716 298
Total by entity 73,103 42,500 11,940 18,192 471

 

           
  12/31/2023
  Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years
By instrument          
CDS 20,268 1,141 6,492 12,528 107
TRS 18,738 11,569 7,169 - -
Total by instrument 39,006 12,710 13,661 12,528 107
By risk rating          
Investment grade 3,086 55 1,291 1,706 34
Below investment grade 35,920 12,655 12,370 10,822 73
Total by risk 39,006 12,710 13,661 12,528 107
By reference entity          
Brazilian government 33,341 12,168 11,355 9,745 73
Governments – abroad 193 1 69 123 -
Private entities 5,472 541 2,237 2,660 34
Total by entity 39,006 12,710 13,661 12,528 107
Schedule of notional amount of purchased credit derivatives
     
  12/31/2024
 

Notional amount of credit

protection sold

Notional amount of credit protection purchased with identical underlying amount Net position
CDS (37,066) 27,708 (9,358)
TRS (36,037) - (36,037)
Total (73,103) 27,708 (45,395)

 

       
  12/31/2023
 

Notional amount of credit

protection sold

Notional amount of credit protection purchased with identical underlying amount Net position
CDS (20,268) 14,027 (6,241)
TRS (18,738) - (18,738)
Total (39,006) 14,027 (24,979)
Schedule of financial assets subject to offsetting, enforceable master netting arrangements and similar agreements
           
  12/31/2024
  Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total
  Financial instruments (3) Cash collateral received
Securities purchased under agreements to resell 243,219 - 243,219 (11,648) - 231,571
Derivative financial instruments 92,439 - 92,439 (637) (367) 91,435

 

  12/31/2023
  Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total
  Financial instruments (3) Cash collateral received
Securities purchased under agreements to resell 238,308 - 238,308 (1,504) - 236,804
Derivative financial instruments 55,251 - 55,251 (16,409) (356) 38,486

Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: 

  12/31/2024
  Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total
  Financial instruments (3) Cash collateral pledged
Securities sold under repurchase agreements 388,787 - 388,787 (309,008) - 79,779
Derivative financial instruments 85,413 - 85,413 (637) - 84,776

 

  12/31/2023
  Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total
  Financial instruments (3) Cash collateral pledged
Securities sold under repurchase agreements 362,786 - 362,786 (39,708) - 323,078
Derivative financial instruments 52,475 - 52,475 (16,409) - 36,066
1)   Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable.
2)   Limited to amounts subject to enforceable master offset agreements and other such agreements.
3)   Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments.