Securities purchased (sold) under resale (repurchase) agreements

12 Months Ended

Dec. 31, 2024

Securities purchased sold under resale repurchase agreements [Abstract]

Securities purchased (sold) under resale (repurchase) agreements

Securities purchased (sold) under resale (repurchase) agreements

a)    Securities purchased under resale agreements

	2024	2023
Collateral held	3,163,705	3,891,759
National Treasury Notes (NTNs) (i)	777,325	2,013,366
National Treasury Bills (LTNs) (i)	2,069,688	820,487
Financial Treasury Bills (LFTs) (i)	173,489	799,417
Debentures (ii)	27,560	89,234
Real Estate Receivable Certificates (CRIs) (ii)	11,073	80,565
Other	104,570	88,690
Collateral repledge	18,895,796	11,000,022
National Treasury Bills (LTNs) (i)	3,230,098	2,416,143
Financial Treasury Bills (LFTs) (i)	529,180	900,245
National Treasury Notes (NTNs) (i)	7,538,695	116,583
Debentures (ii)	4,304,132	4,258,213
Real Estate Receivable Certificates (CRIs) (ii)	1,982,544	2,436,462
Agribusiness Receivables Certificates (CRAs) (ii)	120,652	459,896
Interbank Deposits Certificates (CDIs) (ii)	815,302	304,572
Other	375,193	107,908
Expected Credit Loss (iii)	(2,364)	(2,803)
Total	22,057,137	14,888,978

(i)    Investments in purchase and sale commitments collateral-backed by sovereign debt securities refer to transactions involving the purchase of sovereign debt securities with a commitment to sale originated mainly in the subsidiaries XP CCTVM, Banco XP and in proprietary funds.

(ii)    Refers to corporate debt assets, which are low-risk investments collateral-backed.

(iii)    The reconciliation of gross carrying amount and the expected credit loss segregated by stages are presented in the Note 14.

As of December 31, 2024, securities purchased under resale agreements were carried out at average interest rates of 12.3% p.a. (11.85% p.a. as of December 31, 2023).

As of December 31, 2024, the amount of R$2,885,843 (December 31, 2023 – R$2,760,296) from the total amount of collateral held portfolio, is being presented as cash equivalents in the statements of cash flows.

b)    Securities sold under repurchase agreements

	2024	2023
National Treasury Bills (LTNs)	13,742,957	3,274,568
National Treasury Notes (NTNs)	29,235,747	8,456,861
Financial Treasury Bills (LFTs)	2,892,362	1,867,365
Debentures	14,889,816	8,776,735
Real Estate Receivable Certificates (CRIs)	9,260,382	9,201,853
Agribusiness Receivables Certificates (CRAs)	1,741,369	808,682
Other	17,088	954,447
Total	71,779,721	33,340,511

As of December 31, 2024, securities sold under repurchase agreements were agreed with average interest rates of 11.85% p.a. (December 31, 2023 – 10.91% p.a.).