Investments under Resale Agreements and Obligations under Repurchase Agreements

12 Months Ended

Dec. 31, 2020

Disclosure of repurchase and reverse repurchase agreements [text block] [Abstract]

INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS

NOTE 06

INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS

a) As of December 31, 2020 and 2019, the Bank does not have investment under resale agreements.

b) Obligations arising from repurchase agreements

The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2020 and 2019, obligations related to instruments sold under repurchase agreements are as follows:

	As of December 31,
	2020								2019
	From 1 day to less than 3 months		More than 3 months and less than 1 year		More than 1 year		Total		From 1 day to less than 3 months		More than 3 months and less than 1 year		More than 1 year		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Securities from Chilean Government and the Chilean Central Bank:
Chilean Central Bank Bonds		-		-		-		-		-		-		-		-
Chilean Central Bank Notes		461.961		-		-		461.961		-		-		-		-
Other securities from the Government and the Chilean Central Bank		507.448		-		-		507.448		379,891		33		-		379,924
Subtotal		969.409		-		-		969.409		379,891		33		-		379,924
Instruments from other domestic institutions:
Time deposits in Chilean financial institutions		399		-		-		399		127		4		-		131
Subtotal		399		-		-		399		127		4		-		131
Instruments from other foreign institutions:
Securities from Government or foreign Central Banks		-		-		-		-		-		-		-		-
Subtotal										-		-		-		-
Total		969,808		-		-		969,808		380,018		37		-		380,055

c) Below is the detail by portfolio of collateral associated with repurchase agreements as of December 31, 2020 and 2019, valued at fair value:

	As of December 31,
	2020						2019
	Debt instruments at FVOCI		Financial assets held for trading		Total		Debt instruments at FVOCI		Financial assets held for trading		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Chilean Central Bank and Government securities:
Chilean Central Bank Bonds		-		-		-		-		-		-
Chilean Central Bank Notes		461,965		-		461,965		-		-		-
Other securities from the Government and the Chilean Central Bank		507,543		-		507,543		379,924		-		379,924
Subtotal		969,508		-		969,508		379,924		-		379,924
Other Chilean securities:
Time deposits in Chilean financial institutions		399		-		399		131		-		131
Subtotal		399		-		399		131		-		131
Instruments from other foreign institutions:
Securities from Government or foreign Central Banks		-		-		-		-		-		-
Subtotal		-		-		-		-		-		-
Total		969,907				969,907		380,055		-		380,055