XML 63 R15.htm IDEA: XBRL DOCUMENT
v3.22.1

Derivative financial instruments | 12 Months Ended
--- | ---
Dec. 31, 2021
Derivative financial instruments |
Derivative financial instruments |
9 | Derivative financial instruments
Inter is party to derivative contracts to meet its own needs to manage its risk exposure, and to meet its clients’ requests to manage their exposures. These transactions involve swaps and forward derivatives. Inter’s risk management policy is based on the use of derivative financial instruments with the predominant purpose to mitigate the risks pursuant to other transactions made.
a. | Derivative financial instruments – amortized cost, fair value and maturity
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 12/31/2021 |  | 12/31/2020
​ | ​ | Amortized | ​ | Fair value | ​ | ​ | ​ | Up to | ​ | From 3 to | ​ | From 1 to 3 | ​ | From 3 to 5 | ​ | ​ | ​ | ​
​ |  | cost |  | adjustment |  | Fair value |  | 3 months |  | 12 months |  | years |  | years |  | Total |  | Total
Assets (A) | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
Receivable forward purchase |  | 87,036 |  | (88) |  | 86,948 |  | 86,948 |  | — |  | — |  | — |  | 86,948 |  | 27,513
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities (B) (i) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payable adjustment - swap |  | 66,545 |  | — |  | 66,545 |  | — |  | (29,452) |  | (25,567) |  | (11,526) |  | (66,545) |  | (56,758)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net effect (A-B) |  | 153,581 |  | (88) |  | 153,493 |  | 86,948 |  | (29,452) |  | (25,567) |  | (11,526) |  | 20,403 |  | (29,245)
​
b. | Forward and swap contracts – notional value
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Up to |  | 3 months |  | 1 year to |  | Above |  | Total |  | Total
​ |  | 3 months |  | to 1 year |  | 3 years |  | 3 years |  | 12/31/2021 |  | 12/31/2020
Forward contract - assets |  | 86,948 |  | — |  | — |  | — |  | 86,948 |  | 27,513
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Swap contracts - liabilities |  | — |  | 94,856 |  | 53,500 |  | 24,577 |  | 172,933 |  | 288,592
Total |  | 86,948 |  | 94,856 |  | 53,500 |  | 24,577 |  | 259,881 |  | 316,105
​
c. | Basis swap contracts
Inter has a part of its real estate credit portfolio indexed to the General Price Index (IGP-M) of Getúlio Vargas Foundation and part indexed to the National Broad Consumer Price Index (IPCA), whereas the majority of its LCI funding is indexed to the Interbank Deposit (DI) rate. Aiming at protecting the Group’s revenues from fluctuations in IGP-M and IPCA, swaps were contracted in which the Group pays the variation of IGP-M plus coupon or IPCA plus coupon and receives a defined percentage of the DI rate. The operations were carried out via Brasil, Bolsa, Balcão (B3) exchange and feature guarantee margin and control by this exchange. On December 31, 2021, the Group had 8 active swap contracts CDI x IGP-M, with total notional of BRL 112,856 (2020: BRL 178,592) and 2 active swap contracts CDI x IPCA, with total notional of BRL 60,000 (2020: BRL 110,000).
d. | Basis swap contracts
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
12/31/2021
​ | ​ | ​ | ​ | Notional | ​ | Amortized cost | ​ | Fair value | ​ | ​
Indexes |  | Contracts |  | Value |  | Bank |  | Counterparty |  | Bank |  | Counterparty |  | Gain (loss)
CDI x IGPM |  | 906723043 |  | 17,550 |  | 19,433 |  | 29,143 |  | 19,433 |  | 29,187 |  | (9,754)
CDI x IGPM |  | 906723159 |  | 17,306 |  | 19,164 |  | 28,785 |  | 19,164 |  | 28,629 |  | (9,465)
CDI x IGPM |  | 906723160 |  | 12,000 |  | 13,193 |  | 19,342 |  | 13,193 |  | 19,035 |  | (5,842)
CDI x IGPM |  | 906723161 |  | 14,000 |  | 15,392 |  | 22,630 |  | 15,392 |  | 22,171 |  | (6,779)
CDI x IGPM |  | 906723162 |  | 11,500 |  | 12,628 |  | 18,541 |  | 12,628 |  | 18,049 |  | (5,421)
CDI x IGPM |  | 906723163 |  | 16,000 |  | 17,569 |  | 25,900 |  | 17,569 |  | 25,094 |  | (7,525)
CDI x IGPM |  | 906723164 |  | 11,000 |  | 12,079 |  | 17,846 |  | 12,079 |  | 17,222 |  | (5,143)
CDI x IGPM |  | 906723165 |  | 13,500 |  | 14,824 |  | 21,953 |  | 14,824 |  | 21,133 |  | (6,309)
Total CDI x IGPM |  |  |  | 112,856 |  | 124,282 |  | 184,140 |  | 124,282 |  | 180,520 |  | (56,238)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
12/31/2021
​ | ​ | ​ | ​ | Notional | ​ | Amortized cost | ​ | Fair value | ​ | ​
Indexes |  | Contracts |  | Value |  | Bank |  | Counterparty |  | Bank |  | Counterparty |  | Gain (loss)
CDI x IPCA |  | 905638603 |  | 10,000 |  | 11,128 |  | 12,866 |  | 11,056 |  | 12,885 |  | (1,829)
CDI x IPCA |  | 905638611 |  | 50,000 |  | 55,639 |  | 64,535 |  | 55,639 |  | 64,117 |  | (8,478)
Total CDI x IPCA |  |  |  | 60,000 |  | 66,767 |  | 77,401 |  | 66,695 |  | 77,002 |  | (10,307)
Grand Total |  |  |  | 172,856 |  | 191,049 |  | 261,541 |  | 190,977 |  | 257,522 |  | (66,545)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
12/31/2020
​ | ​ | ​ | ​ | Notional | ​ | Amortized cost | ​ | Fair value | ​ | ​
Indexes | ​ | Contracts | ​ | Value | ​ | Bank | ​ | Counterparty | ​ | Bank | ​ | Counterparty | ​ | Gain (loss)
CDI x IGPM |  | 906722276 |  | 35,842 |  | 38,015 |  | 48,365 |  | 38,015 |  | 47,959 |  | (9,944)
CDI x IGPM |  | 906722594 |  | 29,894 |  | 31,706 |  | 40,400 |  | 31,706 |  | 39,464 |  | (7,758)
CDI x IGPM |  | 906722608 |  | 17,550 |  | 18,614 |  | 23,790 |  | 18,614 |  | 23,293 |  | (4,679)
CDI x IGPM |  | 906723043 |  | 17,306 |  | 18,356 |  | 23,484 |  | 18,356 |  | 23,140 |  | (4,784)
CDI x IGPM |  | 906723159 |  | 12,000 |  | 12,637 |  | 15,832 |  | 12,637 |  | 15,509 |  | (2,872)
CDI x IGPM |  | 906723160 |  | 14,000 |  | 14,743 |  | 18,540 |  | 14,743 |  | 18,195 |  | (3,452)
CDI x IGPM |  | 906723161 |  | 11,500 |  | 12,095 |  | 15,199 |  | 12,095 |  | 14,878 |  | (2,783)
CDI x IGPM |  | 906723162 |  | 16,000 |  | 16,828 |  | 21,199 |  | 16,828 |  | 20,901 |  | (4,073)
CDI x IGPM |  | 906723163 |  | 11,000 |  | 11,570 |  | 14,589 |  | 11,570 |  | 14,460 |  | (2,890)
CDI x IGPM |  | 906723164 |  | 13,500 |  | 14,199 |  | 17,934 |  | 14,199 |  | 17,834 |  | (3,635)
Total CDI x IGPM |  |  |  | 178,592 |  | 188,763 |  | 239,332 |  | 188,763 |  | 235,633 |  | (46,870)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
12/31/2020
​ | ​ | ​ | ​ | Notional | ​ | Amortized cost | ​ | Fair value | ​ | ​
Indexes | ​ | Contracts | ​ | Value | ​ | Bank | ​ | Counterparty | ​ | Bank | ​ | Counterparty | ​ | Gain (loss)
CDI x IPCA |  | 905638590 |  | 50,000 |  | 53,293 |  | 55,651 |  | 53,293 |  | 56,358 |  | 3,066
CDI x IPCA |  | 905638603 |  | 10,000 |  | 10,659 |  | 11,203 |  | 10,659 |  | 11,698 |  | (1,039)
CDI x IPCA |  | 905638611 |  | 50,000 |  | 53,293 |  | 56,133 |  | 53,293 |  | 59,076 |  | (5,783)
Total CDI x IPCA |  |  |  | 110,000 |  | 117,245 |  | 122,987 |  | 117,245 |  | 127,132 |  | 9,888
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grand Total |  |  |  | 288,592 |  | 306,008 |  | 362,319 |  | 306,008 |  | 362,765 |  | 56,758
​
e. | Hedge accounting
The Group applies fair value hedge accounting for certain of its loans and advances to customers, made in compliance with IAS 39 - Financial Instruments. The Group’s swaps are classified as hedging instruments in a Fair Value Hedge hedging the risks related to a portion of the real estate portfolio which is indexed to inflation rates. The hedged contracts from the real estate portfolio are measured at fair value in relation to the specific risk being hedged.

X
- References No definition available. + Details
Name: | b3_DerivativeFinancialInstrumentsAbstract
Namespace Prefix: | b3_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration