Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 376

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 376
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Swaps are contracts of interest rates,
foreign currency and cross currency and interest rates in which payments of interest or the principal or in one or two different currencies
are exchanged for a contractual period. The risks of swap contracts refer to the potential inability or unwillingness of the counterparties
to comply with the contractual terms and the risk associated with changes in market conditions due to changes in the interest rates and
the currency exchange rates.

The interest rate and currency futures
and the forward contracts of interest rates call for subsequent delivery of an instrument at a specific price or specific profitability.
The reference values constitute a nominal value of the respective instrument whose variations in price are settled daily. The credit risk
associated with futures contracts is minimized due to these daily settlements. Futures contracts are also subject to risk of changes in
interest rates or in the value of the respective instruments.

Credit Default Swap - CDS

In general, these represent a bilateral
contract in which one of the counterparties buys protection against a credit risk of a particular financial instrument (its risk is transferred).
The counterparty that sells the protection receives a remuneration that is usually paid linearly over the life of the operation.

In the event of a default, the counterparty
who purchased the protection will receive a payment, the purpose of which is to compensate for the loss of value in the financial instrument.
In this case, the counterparty that sells the protection normally will receive the underlying asset in exchange for said payment.

  Schedule of credit default swap                                                                  
                                                           R$ thousands                            
                                                   On December 31, 2024      On December 31, 2023  
  Risk received in credit swaps - Notional                    1,954,290                 2,044,989  
  - Debt securities issued by companies                         783,357                   637,962  
  - Brazilian government bonds                                  714,560                   808,158  
  - Foreign government bonds                                    456,373                   598,869  
  Risk transferred in credit swaps - Notional              ( 1,120,806)              ( 1,297,469)  
  - Companies bonds                                          ( 154,807)                         -  
  - Brazilian government bonds                               ( 705,922)                ( 706,830)  
  - Foreign government bonds                                 ( 260,077)                ( 590,639)  

The contracts related to credit derivative
transactions described above are due in 2029. There were no credit events, as defined in the