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Fair Value of Financial Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2017
Financial instrument disclosures |
Summary of valuation techniques and inputs |
Type of Financial Instrument |  | Valuation Method |  | Description: Inputs and Sources
Local Bank and Corporate Bonds |  | Discounted cash flows model |  | Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on a Base Yield (Central Bank Bonds) and issuer spread. The model is based on daily prices and risk/maturity similarities between Instruments.
Offshore Bank and Corporate Bonds |  | Discounted cash flows model |  | Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices.
Local Central Bank and Treasury Bonds |  | Discounted cash flows model |  | Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices.
Mortgage Notes |  | Discounted cash flows model |  | Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on a Base Yield (Central Bank Bonds) and issuer spread. The model takes into consideration daily prices and risk/maturity similarities between instruments.
Time Deposits |  | Discounted cash flows model |  | Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices and considers risk/maturity similarities between instruments.
Cross Currency Swaps, Interest Rate Swaps, FX Forwards, Inflation Forwards |  | Discounted cash flows model |  | Forward Points, Inflation forecast and local swap rates are provided by market brokers that are widely used in the Chilean market Offshore rates and spreads are obtained from third party price providers that are widely used in the Chilean market. Zero Coupon rates are calculated by using the bootstrapping method over swap rates.
FX Options |  | Black-Scholes Model |  | Prices for volatility surface estimates are obtained from market brokers that are widely used in the Chilean market.
Schedule of fair value of Financial Assets/Liabilities on the balance sheet |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets held-for-trading |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the Chilean government and Central Bank |  | 82,560 |  | 623,276 |  | 399,786 |  | 693,888 |  | — |  | — |  | 482,346 |  | 1,317,164 |
Other instruments issued in Chile |  | 673 |  | 714 |  | 887,594 |  | 212,366 |  | 8,960 |  | 8,012 |  | 897,227 |  | 221,092 |
Instruments issued abroad |  | 385 |  | 322 |  | — |  | — |  | — |  | — |  | 385 |  | 322 |
Subtotal |  | 83,618 |  | 624,312 |  | 1,287,380 |  | 906,254 |  | 8,960 |  | 8,012 |  | 1,379,958 |  | 1,538,578 |
Derivative contracts for trading purposes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forwards |  | — |  | — |  | 163,716 |  | 506,614 |  | — |  | — |  | 163,716 |  | 506,614 |
Swaps |  | — |  | — |  | 709,091 |  | 710,123 |  | — |  | — |  | 709,091 |  | 710,123 |
Call options |  | — |  | — |  | 1,558 |  | 514 |  | — |  | — |  | 1,558 |  | 514 |
Put options |  | — |  | — |  | 1,584 |  | 2,841 |  | — |  | — |  | 1,584 |  | 2,841 |
Futures |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Subtotal |  | — |  | — |  | 875,949 |  | 1,220,092 |  | — |  | — |  | 875,949 |  | 1,220,092 |
Hedge derivative contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedge (Swaps) |  | — |  | — |  | 218 |  | 277 |  | — |  | — |  | 218 |  | 277 |
Cash flow hedge (Swaps) |  | — |  | — |  | 63,482 |  | 27,572 |  | — |  | — |  | 63,482 |  | 27,572 |
Subtotal |  | — |  | — |  | 63,700 |  | 27,849 |  | — |  | — |  | 63,700 |  | 27,849 |
Total |  | — |  | — |  | 939,649 |  | 1,247,941 |  | — |  | — |  | 939,649 |  | 1,247,941 |
Financial assets available-for-sale(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the Chilean government and Central Bank |  | — |  | 229,296 |  | 59,200 |  | 127,072 |  | — |  | — |  | 59,200 |  | 356,368 |
Other instruments issued in Chile |  | — |  | — |  | 238,038 |  | 1,122,648 |  | 76,005 |  | 46,265 |  | 314,043 |  | 1,168,913 |
Instruments issued abroad |  | 1,173 |  | 984 |  | — |  | — |  | 54 |  | 50 |  | 1,227 |  | 1,034 |
Subtotal |  | 1,173 |  | 230,280 |  | 297,238 |  | 1,249,720 |  | 76,059 |  | 46,315 |  | 374,470 |  | 1,526,315 |
Other assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual fund investments |  | 25,823 |  | 78,069 |  | — |  | — |  | — |  | — |  | 25,823 |  | 78,069 |
Subtotal |  | 25,823 |  | 78,069 |  | — |  | — |  | — |  | — |  | 25,823 |  | 78,069 |
Total |  | 110,614 |  | 932,661 |  | 2,524,267 |  | 3,403,915 |  | 85,019 |  | 54,327 |  | 2,719,900 |  | 4,390,903 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative contracts for trading purposes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forwards |  | — |  | — |  | 136,101 |  | 575,137 |  | — |  | — |  | 136,101 |  | 575,137 |
Swaps |  | — |  | — |  | 771,575 |  | 727,765 |  | — |  | — |  | 771,575 |  | 727,765 |
Call options |  | — |  | — |  | 1,960 |  | 472 |  | — |  | — |  | 1,960 |  | 472 |
Put options |  | — |  | — |  | 858 |  | 3,403 |  | — |  | — |  | 858 |  | 3,403 |
Futures |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Other |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Subtotal |  | — |  | — |  | 910,494 |  | 1,306,777 |  | — |  | — |  | 910,494 |  | 1,306,777 |
Hedge derivative contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedge (Swaps) |  | — |  | — |  | 10,293 |  | 5,330 |  | — |  | — |  | 10,293 |  | 5,330 |
Cash flow hedge (Swaps) |  | — |  | — |  | 45,722 |  | 80,888 |  | — |  | — |  | 45,722 |  | 80,888 |
Subtotal |  | — |  | — |  | 56,015 |  | 86,218 |  | — |  | — |  | 56,015 |  | 86,218 |
Total |  | — |  | — |  | 966,509 |  | 1,392,995 |  | — |  | — |  | 966,509 |  | 1,392,995 |
| (1) |  | As of December 31, 2017, 83% of instruments of level 3 have denomination “Investment Grade”. Also, 100% of total of these financial instruments correspond to domestic issuers.
Schedule of reconciliation between the beginning and ending balances of instruments classified as Level 3, whose fair value is reflected in the financial statements |
|  | 2016 |
|  | Balance as of January 1, 2016 |  | Gain (Loss) Recognized in Income (1) |  | Gain (Loss) Recognized in Equity (2) |  | Purchases |  | Sales |  | Transfer from Level 1 and 2 |  | Transfer to Level 1 and 2 |  | Balance as of December 31, 2016 |
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets held-for-trading: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 18,028 |  | 28 |  | — |  | 8,946 |  | (18,042 | ) | — |  | — |  | 8,960 |
Subtotal |  | 18,028 |  | 28 |  | — |  | 8,946 |  | (18,042 | ) | — |  | — |  | 8,960 |
Available-for-Sale Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 96,125 |  | (5,871 | ) | 818 |  | 19,270 |  | (31,744 | ) | 111 |  | (2,704 | ) | 76,005 |
Instruments issued abroad |  | — |  | — |  | — |  | — |  | — |  | 54 |  | — |  | 54 |
Subtotal |  | 96,125 |  | (5,871 | ) | 818 |  | 19,270 |  | (31,744 | ) | 165 |  | (2,704 | ) | 76,059 |
Total |  | 114,153 |  | (5,843 | ) | 818 |  | 28,216 |  | (49,786 | ) | 165 |  | (2,704 | ) | 85,019 |
|  | 2017 |
|  | Balance as of January 1, 2017 |  | Gain (Loss) Recognized in Income (1) |  | Gain (Loss) Recognized in Equity (2) |  | Purchases |  | Sales |  | Transfer from Level 1 and 2 |  | Transfer to Level 1 and 2 |  | Balance as of December 31, 2017 |
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets held-for-trading: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 8,960 |  | (7 | ) | — |  | 7,446 |  | (10,772 | ) | 2,385 |  | — |  | 8,012 |
Subtotal |  | 8,960 |  | (7 | ) | — |  | 7,446 |  | (10,772 | ) | 2,385 |  | — |  | 8,012 |
Available-for-Sale Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 76,005 |  | (4,186 | ) | 1,137 |  | 4,922 |  | (28,604 | ) | 2,672 |  | (5,681 | ) | 46,265 |
Instruments issued abroad |  | 54 |  | (4 | ) | — |  | — |  | — |  | — |  | — |  | 50 |
Subtotal |  | 76,059 |  | (4,190 | ) | 1,137 |  | 4,922 |  | (28,604 | ) | 2,672 |  | (5,681 | ) | 46,315 |
Total |  | 85,019 |  | (4,197 | ) | 1,137 |  | 12,368 |  | (39,376 | ) | 5,057 |  | (5,681 | ) | 54,327 |
| (1) |  | It is recorded in the income statement under “Net financial operating income”
| (2) |  | It is recorded in Equity under “Other Comprehensive Income”
Schedule of transfers between levels for financial assets and liabilities whose fair value is recorded in the consolidated financial statements |
|  | Transfers from level 1 to level 2 |
|  | 2016 |
Financial assets |  | MCh$ |
Financial assets held-for-trading instruments |  |  |
From the Chilean Government and Central Bank |  | — |
Financial assets Available-for-sale instruments |  |  |
From the Chilean Government and Central Bank |  | — |
|  | Transfers from level 2 to level 1 |
|  | 2016 |
Financial assets |  | MCh$ |
Financial assets held-for-trading instruments |  |  |
From the Chilean Government and Central Bank |  | — |
Financial assets Available-for-sale instruments |  |  |
From the Chilean Government and Central Bank |  | 15,217 |
|  | Transfers from level 1 to level 2 |
|  | 2017 |
Financial assets |  | MCh$ |
Financial assets held-for-trading instruments |  |  |
From the Chilean Government and Central Bank |  | 4,688 |
Financial assets Available-for-sale instruments |  |  |
From the Chilean Government and Central Bank |  | — |
|  | Transfers from level 2 to level 1 |
|  | 2017 |
Financial assets |  | MCh$ |
Financial assets held-for-trading instruments |  |  |
From the Chilean Government and Central Bank |  | 3,498 |
Financial assets Available-for-sale instruments |  |  |
From the Chilean Government and Central Bank |  | 4,373 |
Schedule of impact on the fair value of Level 3 financial instruments using alternative assumptions that are reasonably possible |
|  | As of December 31, 2016 |  | As of December 31, 2017 |
|  | Level 3 |  | Sensitivity to changes in key assumptions of models |  | Level 3 |  | Sensitivity to changes in key assumptions of models |
Financial Assets |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Financial assets held-for-trading |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 8,960 |  | (176 | ) | 8,012 |  | (26 | )
Subtotal |  | 8,960 |  | (176 | ) | 8,012 |  | (26 | )
Financial assets available-for-sale |  |  |  |  |  |  |  |  |
Other instruments issued in Chile |  | 76,005 |  | (1,255 | ) | 46,265 |  | (417 | )
Instruments issued abroad |  | 54 |  | — |  | 50 |  | — |
Subtotal |  | 76,059 |  | (1,255 | ) | 46,315 |  | (417 | )
Total |  | 85,019 |  | (1,431 | ) | 54,327 |  | (443 | )
Schedule of fair values of the financial assets and liabilities that are not recorded at fair value in the Statement of Financial Position |
|  | Book Value |  | Fair Value |
|  | 2016 |  | 2017 |  | 2016 |  | 2017 |
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Assets |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 1,408,167 |  | 1,057,393 |  | 1,408,167 |  | 1,057,393 |
Transactions in the course of collection |  | 206,972 |  | 255,968 |  | 206,972 |  | 255,968 |
Cash collateral on securities borrowed and reverse repurchase agreements |  | 55,703 |  | 91,641 |  | 55,703 |  | 91,641 |
Subtotal |  | 1,670,842 |  | 1,405,002 |  | 1,670,842 |  | 1,405,002 |
Loans and advances to banks |  |  |  |  |  |  |  |  |
Domestic banks |  | 208,354 |  | 119,998 |  | 208,354 |  | 119,998 |
Chilean Central Bank |  | 700,341 |  | 350,916 |  | 700,341 |  | 350,916 |
Foreign banks |  | 264,492 |  | 289,107 |  | 264,492 |  | 289,107 |
Subtotal |  | 1,173,187 |  | 760,021 |  | 1,173,187 |  | 760,021 |
Loans to customers, net |  |  |  |  |  |  |  |  |
Commercial loans |  | 14,226,761 |  | 13,739,589 |  | 13,998,477 |  | 13,477,466 |
Residential mortgage loans |  | 6,892,019 |  | 7,445,221 |  | 7,313,953 |  | 7,769,694 |
Consumer loans |  | 3,724,875 |  | 3,770,882 |  | 3,728,302 |  | 3,773,005 |
Subtotal |  | 24,843,655 |  | 24,955,692 |  | 25,040,732 |  | 25,020,165 |
Total |  | 27,687,684 |  | 27,120,715 |  | 27,884,761 |  | 27,185,188 |
Liabilities |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  | 8,321,148 |  | 8,915,706 |  | 8,321,148 |  | 8,915,706 |
Transactions in the course of payment |  | 25,702 |  | 29,871 |  | 25,702 |  | 29,871 |
Cash collateral on securities lent and reverse repurchase agreements |  | 216,817 |  | 195,392 |  | 216,817 |  | 195,392 |
Saving accounts and time deposits |  | 10,552,901 |  | 10,067,778 |  | 10,563,751 |  | 10,073,030 |
Borrowings from financial institutions |  | 1,040,026 |  | 1,195,028 |  | 1,036,091 |  | 1,188,943 |
Other financial obligations |  | 186,199 |  | 137,163 |  | 186,199 |  | 137,163 |
Subtotal |  | 20,342,793 |  | 20,540,938 |  | 20,349,708 |  | 20,540,105 |
Debt issued |  |  |  |  |  |  |  |  |
Letters of credit for residential purposes |  | 28,893 |  | 21,059 |  | 30,918 |  | 22,542 |
Letters of credit for general purposes |  | 4,021 |  | 2,365 |  | 4,303 |  | 2,532 |
Bonds |  | 5,431,575 |  | 5,769,334 |  | 5,594,748 |  | 5,896,424 |
Subordinated bonds |  | 713,438 |  | 696,217 |  | 720,455 |  | 699,926 |
Subtotal |  | 6,177,927 |  | 6,488,975 |  | 6,350,424 |  | 6,621,424 |
Total |  | 26,520,720 |  | 27,029,913 |  | 26,700,132 |  | 27,161,529 |
Schedule of figures by hierarchy, for financial assets/liabilities not measured at fair value on the balance sheet |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | Estimated Fair Value |  | Estimated Fair Value |  | Estimated Fair Value |  | Estimated Fair Value |
|  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 1,408,167 |  | 1,057,393 |  | — |  | — |  | — |  | — |  | 1,408,167 |  | 1,057,393 |
Transactions in the course of collection |  | 206,972 |  | 255,968 |  | — |  | — |  | — |  | — |  | 206,972 |  | 255,968 |
Receivables from repurchase agreements and security borrowing |  | 55,703 |  | 91,641 |  | — |  | — |  | — |  | — |  | 55,703 |  | 91,641 |
Subtotal |  | 1,670,842 |  | 1,405,002 |  | — |  | — |  | — |  | — |  | 1,670,842 |  | 1,405,002 |
Loans and advances to banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic banks |  | 208,354 |  | 119,998 |  | — |  | — |  | — |  | — |  | 208,354 |  | 119,998 |
Central bank |  | 700,341 |  | 350,916 |  | — |  | — |  | — |  | — |  | 700,341 |  | 350,916 |
Foreign banks |  | 264,492 |  | 289,107 |  | — |  | — |  | — |  | — |  | 264,492 |  | 289,107 |
Subtotal |  | 1,173,187 |  | 760,021 |  | — |  | — |  | — |  | — |  | 1,173,187 |  | 760,021 |
Loans to customers, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  | — |  | — |  | — |  | — |  | 13,998,477 |  | 13,477,466 |  | 13,998,477 |  | 13,477,466 |
Residential mortgage loans |  | — |  | — |  | — |  | — |  | 7,313,953 |  | 7,769,694 |  | 7,313,953 |  | 7,769,694 |
Consumer loans |  | — |  | — |  | — |  | — |  | 3,728,302 |  | 3,773,005 |  | 3,728,302 |  | 3,773,005 |
Subtotal |  | — |  | — |  | — |  | — |  | 25,040,732 |  | 25,020,165 |  | 25,040,732 |  | 25,020,165 |
Total |  | 2,844,029 |  | 2,165,023 |  | — |  | — |  | 25,040,732 |  | 25,020,165 |  | 27,884,761 |  | 27,185,188 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  | 8,321,148 |  | 8,915,706 |  | — |  | — |  | — |  | — |  | 8,321,148 |  | 8,915,706 |
Transactions in the course of payment |  | 25,702 |  | 29,871 |  | — |  | — |  | — |  | — |  | 25,702 |  | 29,871 |
Payables from repurchase agreements and security lending |  | 216,817 |  | 195,392 |  | — |  | — |  | — |  | — |  | 216,817 |  | 195,392 |
Savings accounts and time deposits |  | — |  | — |  | — |  | — |  | 10,563,751 |  | 10,073,030 |  | 10,563,751 |  | 10,073,030 |
Borrowings from financial institutions |  | — |  | — |  | — |  | — |  | 1,036,091 |  | 1,188,943 |  | 1,036,091 |  | 1,188,943 |
Other financial obligations |  | 186,199 |  | 137,163 |  | — |  | — |  | — |  | — |  | 186,199 |  | 137,163 |
Subtotal |  | 8,749,866 |  | 9,278,132 |  | — |  | — |  | 11,599,842 |  | 11,261,973 |  | 20,349,708 |  | 20,540,105 |
Debt Issued |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Letters of credit for residential purposes |  | — |  | — |  | 30,918 |  | 22,542 |  | — |  | — |  | 30,918 |  | 22,542 |
Letters of credit for general purposes |  | — |  | — |  | 4,303 |  | 2,532 |  | — |  | — |  | 4,303 |  | 2,532 |
Bonds |  | — |  | — |  | 5,594,748 |  | 5,896,424 |  | — |  | — |  | 5,594,748 |  | 5,896,424 |
Subordinate bonds |  | — |  | — |  | — |  | — |  | 720,455 |  | 699,926 |  | 720,455 |  | 699,926 |
Subtotal |  | — |  | — |  | 5,629,969 |  | 5,921,498 |  | 720,455 |  | 699,926 |  | 6,350,424 |  | 6,621,424 |
Total |  | 8,749,866 |  | 9,278,132 |  | 5,629,969 |  | 5,921,498 |  | 12,320,297 |  | 11,961,899 |  | 26,700,132 |  | 27,161,529 |
Schedule of offsetting of financial assets and liabilities |
|  | Effect of offsetting on balance sheet |  | Related amount not offset |
|  | Gross amount |  | Amounts offset |  | Net amounts reported on the balance sheet |  | Financial Instruments |  | Financial Collateral |  | Net amount |
As of December 31, 2016 |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Derivative financial assets |  | 939,649 |  | — |  | 939,649 |  | (588,360 | ) | (54,336 | ) | 296,953 |
Derivative financial liabilities |  | 966,509 |  | — |  | 966,509 |  | (588,360 | ) | (164,889 | ) | 213,260 |
|  | Effect of offsetting on balance sheet |  | Related amount not offset |
|  | Gross amount |  | Amounts offset |  | Net amounts reported on the balance sheet |  | Financial Instruments |  | Financial Collateral |  | Net amount |
As of December 31, 2017 |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Derivative financial assets |  | 1,247,941 |  | — |  | 1,247,941 |  | (600,439 | ) | (34,212 | ) | 613,290 |
Derivative financial liabilities |  | 1,392,995 |  | — |  | 1,392,995 |  | (600,439 | ) | (83,523 | ) | 709,033 |
Fair Value - not measured at fair value |
Financial instrument disclosures |
Summary of valuation techniques and inputs |
Type of Financial Instrument |  | Valuation Method |  | Description: Inputs and Sources
Local Bank and Corporate Bonds |  | Discounted cash flows model |  | Since inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base Yield (Central Bank Bonds) and issuer spread. These inputs (base yield and issuer spread) are provided on a daily basis by third party price providers that are widely used in the Chilean market.
Offshore Bank and Corporate Bonds |  | Discounted cash flows model |  | Since inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base Yield (US-LIBOR) and issuer spread. These inputs (base yield and issuer spread) are provided on a weekly basis by third party price providers that are widely used in the Chilean market.

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- Definition The disclosure of fair value of financial instruments, not measured at fair value in statement of financial position. + References No definition available. + Details
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- Definition The disclosure of impact on the fair value of financial instruments using alternative assumptions that are reasonably possible related to significant unobservable inputs. + References No definition available. + Details
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- Definition The disclosure of level hierarchy classification of other assets and liabilities not measured at fair value on the balance sheet. + References No definition available. + Details
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- Definition The disclosure of transfers between levels for assets and liabilities measured at fair value. + References No definition available. + Details
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- Definition The disclosure of detailed information about valuation techniques and inputs for financial instruments. + References No definition available. + Details
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- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
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- Definition The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2017-01-01 -Section Offsetting financial assets and financial liabilities -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-01&anchor=F17296467&doctype=Standard -URIDate 2017-03-09 + Details
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- Definition The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2017-01-01 -Paragraph 93 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=13&date=2017-03-01&anchor=para_93_d&doctype=Standard -URIDate 2017-03-09 + Details
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