| Schedule of derivatives instruments |
| Schedule of derivatives instruments |
|
|
|
|
| |
R$ thousands |
| On December 31, 2025 |
On December 31, 2024 |
| Notional value |
Fair Value |
Notional value |
Fair Value |
| Futures contracts |
|
|
|
|
| Purchase commitments: |
232,864,244 |
(450,905) |
211,703,083 |
313,498 |
| - Interbank market |
150,634,305 |
17,542 |
178,029,255 |
133,681 |
| - Foreign currency |
54,344,313 |
(471,042) |
22,985,640 |
140,203 |
| - Other |
27,885,626 |
2,595 |
10,688,188 |
39,614 |
| Sale commitments: |
165,612,193 |
523,762 |
161,641,895 |
(174,595) |
| - Interbank market (1) |
111,724,128 |
(21,535) |
95,605,090 |
(107,908) |
| - Foreign currency (2) |
30,741,161 |
530,151 |
48,246,297 |
(29,358) |
| - Other |
23,146,904 |
15,146 |
17,790,508 |
(37,329) |
| |
|
|
|
|
| Option contracts |
|
|
|
|
| Purchase commitments: |
783,864,910 |
1,828,145 |
685,622,189 |
1,178,745 |
| - Interbank market |
718,584,779 |
106,261 |
528,190,365 |
504,563 |
| - Foreign currency |
9,616,237 |
1,121,228 |
3,949,723 |
113,072 |
| - Other |
55,663,894 |
600,656 |
153,482,101 |
561,110 |
| Sale commitments: |
790,685,040 |
(2,645,067) |
672,980,325 |
(1,656,652) |
| - Interbank market |
721,019,609 |
(113,341) |
513,818,125 |
(440,226) |
| - Foreign currency |
15,908,308 |
(947,331) |
6,870,683 |
(400,855) |
| - Other |
53,757,123 |
(1,584,395) |
152,291,517 |
(815,571) |
| |
|
|
|
|
| Forward contracts |
|
|
|
|
| Purchase commitments: |
76,859,205 |
(200,542) |
64,273,935 |
2,528,685 |
| - Foreign currency |
64,714,131 |
(1,459,502) |
62,442,929 |
2,569,853 |
| - Other |
12,145,074 |
1,258,960 |
1,831,006 |
(41,168) |
| Sale commitments: |
53,889,171 |
456,033 |
47,310,325 |
(1,117,059) |
| - Foreign currency (2) |
45,530,533 |
520,221 |
46,463,548 |
(1,522,017) |
| - Other |
8,358,638 |
(64,188) |
846,777 |
404,958 |
| |
|
|
|
|
| Swap contracts |
|
|
|
|
| Assets (long position): |
928,071,044 |
9,550,875 |
1,080,360,424 |
13,634,425 |
| - Interbank market |
75,975,089 |
4,695,032 |
57,567,711 |
4,561,085 |
| - Fixed rate |
315,081,578 |
454,827 |
692,873,598 |
379,570 |
| - Foreign currency |
521,032,423 |
2,485,099 |
319,020,245 |
7,472,073 |
| - IGPM (General Index of market pricing) |
31,221 |
29,994 |
41,362 |
41,865 |
| - Other |
15,950,733 |
1,885,923 |
10,857,508 |
1,179,832 |
| |
R$ thousands |
| On December 31, 2025 |
On December 31, 2024 |
| Notional value |
Fair Value |
Notional value |
Fair Value |
| Liabilities (short position): |
873,497,122 |
(6,480,535) |
934,060,342 |
(10,973,770) |
| - Interbank market |
32,343,513 |
(1,378,695) |
246,185,275 |
(2,408,270) |
| - Fixed rate |
470,848,308 |
(725,508) |
477,454,859 |
(314,670) |
| - Foreign currency |
355,159,513 |
(2,649,262) |
202,546,445 |
(7,527,737) |
| - IGPM (General Index of market pricing) |
103,000 |
(116,300) |
103,000 |
(158,893) |
| - Other |
15,042,788 |
(1,610,770) |
7,770,763 |
(564,200) |
| Total |
3,905,342,929 |
2,581,766 |
3,857,952,518 |
3,733,277 |
Derivatives include operations maturing in D+1 (day after reporting
date).
| (1) | | Includes: (i) accounting cash flow hedges to protect DI-indexed funding totaling R$100,113,669
thousand (R$59,956,404 thousand on December 31, 2024); and (ii) accounting cash flow hedges to protect DI-indexed (Interbank Deposit
Rate) investments totaling R$6,034,612 thousand (R$24,468,458 thousand on December 31, 2024); and
|
| (2) | | Includes specific hedges to protect assets and liabilities, arising from foreign investments.
Investments abroad total R$10,625,523 thousand (R$42,019,674 thousand on December 31, 2024).
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