9. DERIVATIVE FINANCIAL INSTRUMENTS In the normal course of business, Grupo Supervielle enters into a variety of transactions principally in the foreign exchange stock markets. Most counterparties in the derivative transactions are banks and other financial institutions. These instruments include: | ● | Forwards and futures: they are agreements to deliver or take delivery at a specified rate, price or index applied against the underlying asset or financial instrument, at a specific date. Futures are exchange traded at standardized amounts of the underlying asset or financial instrument. |
Forwards contracts are OTC agreements and are principally dealt in by Grupo Supervielle in foreign exchange as forward agreements. | ● | Swaps: they are agreements between two parties with the intention to exchange cash flows and risks at specific date and for a period in the future. |
| ● | Options: they confer the right to the buyer, but no obligation, to receive or pay a specific quantity of an asset or financial instrument for a specified price at or before a specified date. |
As of December 31, 2025 and 2024, the following amounts were recorded for operations related to derivatives: | | | | | | | 12/31/2025 | | 12/31/2024 | Amounts receivable for spot and forward transactions pending settlement on pesos | | 9,910,637 | | 5,914,665 | Amounts receivable for spot and forward transactions pending settlement | | — | | 173,162 | | | 9,910,637 | | 6,087,827 | | | | | | Credit balances related to forward operations in foreign currency to be settled in pesos | | — | | 2,281,117 | | | — | | 2,281,117 |
The following table shows, the notional value of options and outstanding forward and futures contracts as of December 31, 2025 and 2024: | | | | | | | 12/31/2025 | | 12/31/2024 | Forward sales of foreign exchange without delivery of underlying assets | | 92,563,698 | | 45,731,182 | Forward purchases of foreign exchange without delivery of underlying assets | | 296,274,935 | | 62,473,348 |
The incomes/(expenses) generated by derivative financial instruments during the years ended December 31, 2025, 2024 and 2023 amounted to ($5,913,490), $9,661,716 and $29,455,313 respectively.
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