Company: SQM
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0000909037-25-000036
Chunk: 56

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-09-30
Form: 6-K
Chunk 56
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131,833 Santander US Time deposits P-1 A-1 F1 40,748 Total 665,471 The following financial assets correspond to time deposits of less than 90 days and investment funds held in cash and cash equivalents of December 31, 2024: Financial institution Financial assets Rating As of December 31, 2024 Moody´s S&P Fitch ThUS$ Banco Santander Time deposits P-1 A-1 F1 104,542 Scotiabank Chile Time deposits - - F1+ 106,564 Banco Estado Time deposits P-1 A-1 F2 104,084 Banco Crédito e Inversiones Time deposits P-1 A-2 F2 1,003 Banco de Chile Time deposits P-1 A-1 - 6,307 Banco Crédito e Inversiones Investment fund AA+ - - 4,997 JP Morgan US dollar Liquidity Fund Institutional Investment fund Aaa-mf - - 1,974 Legg Mason - Western Asset Institutional cash reserves Investment fund - - AAAmmf 122,337 Total 451,808 The following financial assets correspond to term deposits over 90 days and margin call as of December 31, 2024: Financial institution Financial assets Rating As of December 31, 2024 Moody´s S&P Fitch ThUS$ Banco Crédito e Inversiones Time deposits P-1 A-2 F2 174,684 Banco Estado Time deposits P-1 A-2 F2 90,975 Banco Santander Time deposits P-1 A-1 F1 415,851 Banco Itaú CorpBanca Time deposits P-1 A-2 - 66,166 Scotiabank Chile Time deposits - - F1+ 240,164 Bank of Nova Scotia Time deposits P-1 A-1 F1+ 51,025 KBC Bank Time deposits - A-2 F1 22,397 Total 1,061,262 (b) Exchange risk The functional currency of the company is the US dollar, due to its influence on the determination of price levels, its relation to the cost of sales and considering that a significant part of the Company’s business is conducted in this currency. However, the global nature of the Company’s business generates an exposure to exchange rate variations of several currencies with the US dollar. Therefore, the Company maintains hedge contracts to mitigate the exposure generated by its main mismatches (net between assets and liabilities) in currencies other