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Contingencies and Commitments (Tables)

12 Months Ended

Dec. 31, 2017

Contingencies and Commitments

Commitments accounted for in off-balance sheet accounts

		2016		2017
		MCh$		MCh$

Off-balance-sheet accounts
Foreign office guarantees and standby letters of credit		279,362		285,035
Confirmed foreign letters of credit		64,044		64,970
Issued foreign letters of credit		152,118		94,313
Performance bonds		2,150,307		2,220,828
Undrawn credit lines		7,572,687		7,240,406
Other commitments		148,190		60,609

Transactions on behalf of third parties
Collections		137,259		168,353
Third-party resources managed by the Bank:
Financial assets managed on behalf of third parties		39,714		7,121
Other assets managed on behalf of third parties		—		—
Financial assets acquired on its own behalf		174,022		133,794

Fiduciary activities
Securities held in safe custody in the Bank		9,586,026		13,623,725
Securities held in safe custody in other entities		5,607,815		7,105,587

Total		25,911,544		31,004,741

Summary of expiration of financial guarantees

		2016
		Due within 1 year MCh$		Due after 1 year but within 3 years MCh$		Due after 3 years but within 5 years MCh$		Due after 5 years MCh$		Total MCh$
Performance bonds		1,583,497		429,353		108,315		29,142		2,150,307
Foreign office guarantees and standby letters of credit		239,823		24,387		—		15,152		279,362

Total		1,823,320		453,740		108,315		44,294		2,429,669

		2017
		Due within 1 year MCh$		Due after 1 year but within 3 years MCh$		Due after 3 years but within 5 years MCh$		Due after 5 years MCh$		Total MCh$
Performance bonds		1,608,314		523,597		80,623		8,294		2,220,828
Foreign office guarantees and standby letters of credit		218,532		66,006		280		217		285,035

Total		1,826,846		589,603		80,903		8,511		2,505,863

Summary of estimated date of completion of respective litigation

		As of December 31, 2017
		2018		2019		2020		2021		Total
		MCh$		MCh$		MCh$		MCh$		MCh$
Legal contingencies		21,269		201		—		—		21,470

Summary of guarantees given in relation to subsidiary's business activities

		2016		2017
		MCh$		MCh$
Guarantees:
Shares to secure short-sale transactions in:
Securities Exchange of the Santiago Stock Exchange		17,750		20,249
Securities Exchange of the Electronic Stock Exchange of Chile		22,473		29,926
Fixed income securities to ensure system CCLV, Bolsa de Comercio de Santiago, Bolsa de Valores		2,992		3,995
Fixed income securities to guarantee stock loans, Bolsa Eléctronica de Chile, Bolsa de Valores		—		—
Shares delivered to ensure equity loan, Chilean Electronic Stock Exchange, Stock Exchange		610		3,864
Securities Exchange of the Santiago, Stock Exchange		884		—

Total		44,709		58,034

Summary of insurance policies contracted

Matter insured		Amount Insured (UF)
Responsibility for errors and omissions policy		60,000
Civil responsibility policy		500