Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 94

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 94
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 The balance represents derivative financial instruments measured at fair value which have been classified as hedges for exchange and interest rate risks relating to the total obligations with the public associated with bonds in UF and investments in Chilean pesos. (See more detail in Note 4.2 b). As of December 31, 2024 Assets Liabilities Total Realized (*) Hedging Reserve in Gross Equity Type of Instrument: Cross currency interest rate swaps and Forwards Cash flow hedge derivatives Short term 15,405 7,316 - - Long term 2,930 21,440 - - Subtotal 18,335 28,756 10,018 (20,439) Type of Instrument: Forwards Non-hedging derivatives disbursement SQM Australia Pty Short term - - - - Long term - - - - Subtotal - - - - Underlying Investments Hedge 18,335 28,756 10,018 (20,439) Type of Instrument: Forwards/Options Non-hedge derivatives with effect on income Short term 2,928 418 - - Underlying Investments Hedge 2,928 418 17,131 - Total Instruments 21,263 29,174 27,149 (20,439) As of December 31, 2023 Assets Liabilities Total Realized (*) Hedging Reserve in Gross Equity Type of Instrument: Cross currency interest rate swaps and Forwards Cash flow hedge derivatives Short term 7,038 30,442 - - Long term 15,993 8,368 - - Subtotal 23,031 38,810 (13,067) (2,712) Type of Instrument: Forwards Non-hedging derivatives disbursement SQM Australia Pty Short term 1,489 - - - Long term - 52 - 1,437 Subtotal 1,489 52 - 1,437 Underlying Investments Hedge 24,520 38,862 (13,067) (1,275) Type of Instrument: Forwards/Options Non-hedge derivatives with effect on income Short term 519 14,795 - - Underlying Investments Hedge 519 14,795 5,401 - Total Instruments 25,039 53,657 (7,666) (1,275) On August 2023, the Company recouped the CCS with Santander Bank who had hedged the Series Q bond, by moving the UF/USD exchange rate upwards. This change increased the USD value of the bond by