Note 19 – Securities sold under repurchase agreements and interbank and institutional market debts
| a) | Securities sold under repurchase agreements and interbank market debt |
The table below shows the breakdown of funds:
| 12/31/2017 | 12/31/2016 | |||||||||||||||||||||||
| Current | Non- current |
Total | Current | Non- current |
Total | |||||||||||||||||||
|
Securities sold under repurchase agreements |
240,808 | 71,826 | 312,634 | 234,569 | 114,595 | 349,164 | ||||||||||||||||||
|
Transactions backed by own financial assets (*) |
93,955 | 71,826 | 165,781 | 101,400 | 114,595 | 215,995 | ||||||||||||||||||
|
Transactions backed by third party financial assets |
146,853 | — | 146,853 | 133,169 | — | 133,169 | ||||||||||||||||||
|
Interbank market debt |
73,414 | 56,202 | 129,616 | 75,352 | 60,131 | 135,483 | ||||||||||||||||||
|
Real estate credit bills |
14,046 | 4,479 | 18,525 | 12,830 | 6,349 | 19,179 | ||||||||||||||||||
|
Agribusiness credit bills |
7,562 | 7,539 | 15,101 | 9,158 | 6,284 | 15,442 | ||||||||||||||||||
|
Financial credit bills |
13,234 | 14,457 | 27,691 | 5,976 | 13,590 | 19,566 | ||||||||||||||||||
|
Import and export financing |
30,548 | 8,541 | 39,089 | 38,123 | 7,510 | 45,633 | ||||||||||||||||||
|
On-lending—domestic |
7,991 | 16,190 | 24,181 | 9,205 | 20,623 | 29,828 | ||||||||||||||||||
|
Liabilities from transactions related to credit assignments (Note 12d) |
33 | 4,996 | 5,029 | 60 | 5,775 | 5,835 | ||||||||||||||||||
| (*) | It includes R$ 58,837 (R$ 132,149 at 12/31/2016) related to Debentures of own issue. |
Funding for import and export financing represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign currency. The interest rate for each one of the operations (p.a.) is presented in the table below:
| Brazil | Foreign | |||
|
Securities sold under repurchase agreements(*) |
40% of CDI to 16.93% | 1.60% to 4.93% | ||
|
Real estate credit bills |
81% to 100% of CDI | — | ||
|
Financial credit bills |
IGPM to 113% of CDI | — | ||
|
Agribusiness credit bills |
77% to 100% of CDI | — | ||
|
Import and export financing |
1.4% to 6.0% | 0.79% to 11% | ||
|
On-lending—domestic |
2.5% to 14.5% | — | ||
|
Liabilities from transactions related to credit assignments |
6.78% to 13.17% | — |
| (*) | Note 2.4d presents the operations comprising Deposits received under securities repurchased agreements. Final repurchase dates are set until December 2034. |
| b) | Institutional market debt |
The table below presents the breakdown of funds obtained in Institutional markets:
| 12/31/2017 | 12/31/2016 | |||||||||||||||||||||||
| Current | Non- current |
Total | Current | Non- current |
Total | |||||||||||||||||||
|
Subordinated debt (1) |
12,500 | 40,196 | 52,696 | 11,056 | 46,364 | 57,420 | ||||||||||||||||||
|
Foreign borrowing through securities |
11,764 | 29,636 | 41,400 | 5,947 | 27,636 | 33,583 | ||||||||||||||||||
|
Structured Operations Certificates (2) |
1,762 | 2,624 | 4,386 | 2,050 | 3,186 | 5,236 | ||||||||||||||||||
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Total |
26,026 | 72,456 | 98,482 | 19,053 | 77,186 | 96,239 | ||||||||||||||||||
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| (1) | At 12/31/2017, the amount of R$ 42,687 (R$ 51,875 at 12/31/2016) is included in the Reference Equity, under the proportion defined by CMN Resolution No. 3,444, of February 28, 2007, as amended by CMN Resolution No. 3,532, of January 31, 2008. |
| (2) | As at December 31, 2017, the market value of the funding from Structured Operations Certificates issued is R$ 4,605. |
The interest rate for each one of the operations (p.a.) is presented in the table below.
| Brazil | Foreign | |||
|
Subordinated debt |
CDI+ 1.1% to IGPM + 7.60% | 3.8% to 10.79% | ||
|
Foreign borrowing through securities |
0.89% to 12.73% | 1.4% to 27.54% | ||
|
Structured Operations Certificates |
IPCA to 16.54% | — |