Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 240

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 240
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 Central Bank of Brazil, which discloses the differentiated prices for the acceptance of these securities as collateral.
 There is also a traditional re-discount line, where financial institutions offer assets represented by loans or illiquid securities. In this case, the institution must open formal proceedings with the Central Bank of Brazil, presenting the reasons for the request, projected cash flow, liquidity recovery plan, as well as detailing the assets to be re-discounted and the proposed re-payment flow to the Central Bank of Brazil.
 The Central Bank of Brazil, upon analysis, will decide whether or not to release the liquidity line, the costs, and other measures deemed necessary.
 We have never used these liquidity resources.
 
5.B.20.06 Contractual obligations and off-balance sheet obligations
 We guarantee the performance of our clients’ obligations with third parties. We have a right of recourse against the client to recover any amounts paid under these guarantees. In addition, we may retain cash or other highly liquid collateral to guarantee these commitments. The contracts are subject to the same credit assessment as other lending.
 Letters of credit are commitments issued by us to guarantee the performance of a client’s obligations to a third party. We issue commercial letters of credit to facilitate foreign trade transactions and to evaluate public and private debt issuance agreements, including commercial paper, securities financing and similar transactions. These instruments are short-term commitments to pay the beneficiary of a third party for the shipment of products, under certain contractual conditions. The contracts are subject to the same credit assessments applied to other lending.

153 – Form 20-F 2024 | Bradesco
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We expect many of these guarantees to expire without the need for a cash advance. Therefore, in the normal course of business, we expect that such transactions will not impact our liquidity.
 We undertake these transactions to manage our clients’ financing needs. The guaranteed amounts are not recorded on our statement of financial position (balance sheet) in accordance with IFRS Accounting Standards. The following table summarizes our contractual obligations and transactions as of December 31, 2024:
 
           Contractual Obligations                                                                              R$ in thousands                                                                
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Payments due as of December 31, 2024                                                                                                                                         
Up to 1 month                                    From 1 to 3 months   From 3 months to 1 year (1)   From 1 to 5 years   More than 5 years        Indefinite             Total
Time deposits                                            37,194,366                    26,847,955         120,