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Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Financial Instruments [Abstract]

Summary of Short-term Derivative Contracts

During the year-ended December 31, 2021, dLocal entered into short-term derivative contracts (delivery and non-delivery forwards) with different counterparties in different countries in which the Group operates, according to the following detail:


Transaction	Type of Forward Transaction		Local currency		Notional amount in USD		Fair value of transactions recognized in Income Statement during 2021 - (Loss)/Gain			Outstanding balance as of December 31, 2021 - Derivative financial liabilities
Non-delivery forwards	Buy USD		Brazilian Reais			37,709,420		(220	)		(152	)
Non-delivery forwards	Buy USD		Argentinean Peso			2,500,000		(125	)		—
Delivery forwards (1)	Buy USD		Chilean Peso			107,483,927		40			(8	)
Non-delivery forwards	Buy USD		Indian Rupee			10,000,000		(59	)		(14	)
Non-delivery forwards	Buy USD		South African Rand			9,582,534		120			(47	)
Total		—		—		167,275,881		(244	)		(221	)

(1) dLocal entered into hedge operations of trade and other receivables in Chilean Peso subject to foreign exchange exposure using the delivery forward contracts. The transactions have been elected for hedge accounting and classified as fair value hedge in accordance with IFRS 9. During 2021, dLocal recognized a gain of USD 322 and a derivative financial liability of USD 8 derived from these hedging transactions.