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Related party transactions | 3 Months Ended | 12 Months Ended
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Mar. 31, 2020 | Dec. 31, 2019
Text Block [Abstract] |  |
Related party transactions | 14. Related party transactions The main transactions carried with related parties, under commutative conditions, including interest rates, terms and guarantees, and period-end balances arising from such transactions are as follows:
|  | Assets/(Liabilities) |  |  | Revenue/(Expenses) |
|  |  |  |  |  |  |  | Three months period ended March 31, |
Relation and transaction |  | March 31, 2020 |  |  | December 31, 2019 |  |  | 2020 |  |  | 2019 |
Shareholders with significant influence (i) |  |  | 175,859 |  |  |  | (732,420 | ) |  |  | (26,039 | ) |  |  | (9,841 | )
Securities |  |  | 152,636 |  |  |  | 123,813 |  |  |  | 3,780 |  |  |  | 2,094 |
Securities purchased under agreements to resell |  |  | 64,999 |  |  |  | 196,009 |  |  |  | (30,087 | ) |  |  | — |
Accounts receivable |  |  | 348 |  |  |  | 594 |  |  |  | 797 |  |  |  | 61 |
Securities sold under repurchase agreements |  |  | — |  |  |  | (1,000,168 | ) |  |  | — |  |  |  | — |
Borrowings |  |  | (42,124 | ) |  |  | (52,668 | ) |  |  | (529 | ) |  |  | (11,996 | )
(i) | These transactions are related to Itaú Unibanco who became shareholder of the Company in 2018 and since then a related party.
Transactions with related parties also includes transactions among the Company and its subsidiaries in the ordinary course of operations include services rendered such as: (i) education, consulting and business advisory; (ii) financial advisory and financial consulting in general; (iii) management of resources and portfolio management; (iv) information technology and data processing; and (v) insurance. The effects of these transactions have been eliminated and do not have effects on the unaudited interim condensed consolidated financial statements. | 24. Related party transactions Transactions and remuneration of services with related parties are carried out in the ordinary course of business and under commutative conditions, including interest rates, terms and guarantees, and do not involve risks greater than normal collection or present other disadvantages. (a) Key-person management compensation Key management includes executive statutory directors, members of the Board of Directors and Executive Boards. The compensation paid or payable to key management for their services is shown below:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Fixed compensation |  |  | 4,821 |  |  |  | 3,329 |  |  |  | 2,708 |
Variable compensation |  |  | 22,060 |  |  |  | 30,316 |  |  |  | 18,316 |
Total |  |  | 26,881 |  |  |  | 33,645 |  |  |  | 21,024 |
On December 2019, the Board of Directors approved the grant of performance share unit (“PSUs”) to certain directors. The executive statutory directors of XP Inc control XP Controle Participações S.A. (b) Transactions with related parties The main transactions carried with related parties for year-end balances arising from such transactions are as follows:
|  | Assets/(Liabilities) |  |  | Revenue/(Expenses) |
Relation and transaction |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Shareholders with significant influence (i) |  |  | (732,420 | ) |  |  | (451,481 | ) |  |  | (49,779 | ) |  |  | (40,585 | ) |  |  | — |
Securities |  |  | 123,813 |  |  |  | 69,647 |  |  |  | 10,381 |  |  |  | 147,258 |  |  |  | — |
Securities purchased under agreements to resell |  |  | 196,009 |  |  |  | — |  |  |  | 1,550 |  |  |  | — |  |  |  | — |
Accounts receivable |  |  | 594 |  |  |  | — |  |  |  | 1,025 |  |  |  | — |  |  |  | — |
Securities sold under repurchase agreements |  |  | (1,000,168 | ) |  |  | (426,207 | ) |  |  | (58,078 | ) |  |  | (3,586 | ) |  |  | — |
Borrowings |  |  | (52,668 | ) |  |  | (94,921 | ) |  |  | (4,657 | ) |  |  | (184,257 | ) |  |  | — |
(i) | These transactions are related to Itaú Unibanco who became shareholder of the Company in 2018 and since then a related party. Therefore, transactions and balances with Itaú Unibanco in 2017 are not being reported as transactions with related parties.
Transactions with related parties also includes transactions among the Company and its subsidiaries in the course of normal operations include services rendered such as: (i) education, consulting and business advisory; (ii) financial advisory and financial consulting in general; (iii) management of resources and portfolio management; (iv) information technology and data processing; and (v) insurance. The effects of these transactions have been eliminated and do not have effects on the consolidated financial statements.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2019-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2019-03-27 + Details
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