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v3.24.1.u1

Financing instruments payable | 12 Months Ended
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Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract] |
Financing instruments payable | Financing instruments payable
| 2023 |  | 2022
Market funding operations (a) | 54,831,509 |  |  | 38,093,772 |
Deposits | 27,493,655 |  |  | 20,261,532 |
Demands deposits | 1,812,469 |  |  | 803,031 |
Time deposits | 25,230,996 |  |  | 19,445,276 |
Interbank deposits | 450,190 |  |  | 13,225 |
Financial bills | 9,019,789 |  |  | 5,675,596 |
Structured notes | 18,015,165 |  |  | 12,109,576 |
Others | 302,900 |  |  | 47,068 |
Debt securities (b) | 5,534,081 |  |  | 5,589,857 |
Debentures | 2,212,441 |  |  | 2,028,681 |
Bond | 3,321,640 |  |  | 3,561,176 |
Total | 60,365,590 |  |  | 43,683,629 |
Current | 22,946,160 |  |  | 19,794,572 |
Non-Current | 37,419,430 |  |  | 23,889,057 |
(a) Market funding operations maturity
Maturity - 2023 |  |
Class |  | Within 30 days |  | From 31 to 60 days |  | From 61 to 90 days |  | From 91 to 180 days |  | From 181 to 360 days |  | After 360 days |  | Total
Demand deposits |  | 1,812,469 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,812,469 |
Time deposits |  | 1,944,623 |  |  | 2,823,731 |  |  | 5,370,064 |  |  | 2,522,206 |  |  | 2,878,827 |  |  | 9,691,545 |  |  | 25,230,996 |
Interbank deposits |  | — |  |  | — |  |  | — |  |  | 1,006 |  |  | 276,113 |  |  | 173,071 |  |  | 450,190 |
Financial bills |  | 30,954 |  |  | 43,635 |  |  | 94,499 |  |  | 680,490 |  |  | 2,103,902 |  |  | 6,066,309 |  |  | 9,019,789 |
Structured notes |  | 23,345 |  |  | 32,730 |  |  | 1,756 |  |  | 69,879 |  |  | 712,046 |  |  | 17,175,409 |  |  | 18,015,165 |
Others |  | 1,119 |  |  | 17,116 |  |  | — |  |  | 46,688 |  |  | 235,513 |  |  | 2,464 |  |  | 302,900 |
Total |  | 3,812,510 |  |  | 2,917,212 |  |  | 5,466,319 |  |  | 3,320,269 |  |  | 6,206,401 |  |  | 33,108,798 |  |  | 54,831,509 |
Maturity - 2022 |  |
Class |  | Within 30 days |  | From 31 to 60 days |  | From 61 to 90 days |  | From 91 to 180 days |  | From 181 to 360 days |  | After 360 days |  | Total
Demand deposits |  | 803,031 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 803,031 |
Time deposits |  | 3,604,494 |  |  | 4,273,475 |  |  | 5,187,106 |  |  | 1,382,514 |  |  | 2,016,732 |  |  | 2,980,955 |  |  | 19,445,276 |
Interbank deposits |  | — |  |  | — |  |  | — |  |  | 3,092 |  |  | — |  |  | 10,133 |  |  | 13,225 |
Financial bills |  | — |  |  | — |  |  | 2,390 |  |  | 1,637,547 |  |  | 405,901 |  |  | 3,629,758 |  |  | 5,675,596 |
Structured notes |  | — |  |  | — |  |  | 5,720 |  |  | 35,773 |  |  | 261,019 |  |  | 11,807,064 |  |  | 12,109,576 |
Others |  | — |  |  | — |  |  | 1,031 |  |  | 13,053 |  |  | 32,984 |  |  | — |  |  | 47,068 |
Total |  | 4,407,525 |  |  | 4,273,475 |  |  | 5,196,247 |  |  | 3,071,979 |  |  | 2,716,636 |  |  | 18,427,910 |  |  | 38,093,772 |
(b) Debt securities maturity The total balance is comprised of the following issuances:
|  | 2023 |  | 2022
|  | Up to 1 year |  | 1-5 years |  | Total |  | Up to 1 year |  | 1-5 years |  | Total
Bonds (i) | Fixed rate | 118,402 |  |  | 3,203,238 |  |  | 3,321,640 |  |  | 128,710 |  |  | 3,432,466 |  |  | 3,561,176 |
Debentures (ii) (iii) | Floating rate | 1,105,047 |  |  | 1,107,394 |  |  | 2,212,441 |  |  | 106,118 |  |  | 1,922,563 |  |  | 2,028,681 |
Total |  | 1,223,449 |  |  | 4,310,632 |  |  | 5,534,081 |  |  | 234,828 |  |  | 5,355,029 |  |  | 5,589,857 |
Current |  |  |  |  |  | 1,223,449 |  |  |  |  |  |  | 234,828 |
Non- Current |  |  |  |  |  | 4,310,632 |  |  |  |  |  |  | 5,355,029 |
(i) XP Inc Bonds On July 1, 2021, XP Inc. concluded the issuance of a gross of US$750 million senior unsecured notes with net proceeds of US$739 million (R$3,697 million) with maturity on July 1, 2026 and bear interest at the rate of 3.250% per year and will be guaranteed by XP Investimentos S.A. The principal amount will be paid on the maturity and the interest is amortized every six months. (ii) XP Investimentos debentures On July 19, 2022, XP Investimentos issued non-convertible debentures in the amount of R$1,800,000 (R$900,000 of series 1 and R$900,000 of series 2). The debentures series, added together, has a maximum authorized issuance up to R$1,800,000. The principal amount, including the interest, will be paid on the maturity date as follow: (i) June 23, 2024 (series 1) and (ii) June 23, 2025 (series 2). The interest rates for series 1 and series 2 debentures are CDI+1.75% and CDI+1.90%, respectively. On December 31, 2023, the total amount is R$2,212,441. (iii) XP Energia debentures On December 8, 2021, XP Energia issued non-convertible Debentures in the amount of R$485,511. The objective was to fund the Group’s working capital and treasury investments related to wholesale electricity trade business. The interest rate was CDI+2.5% annually payable. According to the maturity date, the principal amount was paid on December 8, 2023.

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