XP(US:XP)2022-04-13 19:53Foreign Currency Exposure - As of December 31, 2021, the company had foreign currency exposure of US$52.9 million in XP Holding International LLC, US$2.658 million in XP Advisors Inc., and GBP1.918 million in XP Holding UK Ltd[840]. Debt and Financing - The company issued senior notes due 2026 with an aggregate principal amount of US$750 million at an interest rate of 3.250%[842]. - The company entered into a credit agreement for a term loan of US$295 million at an interest rate of 0.81%[842]. - As of December 31, 2021, the company had no indebtedness in U.S. dollars other than the senior notes and the credit agreement[842]. Interest Rate Risk - The company is exposed to interest rate risk due to floating interest rate indebtedness, which could negatively affect operational results[844]. Risk Management - The company employs a risk management policy to control liquidity risk, ensuring sufficient cash and securities to meet obligations[846]. - The company uses client investments as collateral to mitigate credit risk exposure[850]. - The company manages market risk through policies and control procedures, focusing on foreign exchange, interest rates, and share prices[853]. - The company utilizes the Maps Luna program to measure and control market exposure risk, ensuring compliance with Central Bank regulations[854]. - The company has a structured approach to managing operating risk, including compliance with legal and regulatory requirements[856].