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Financial Assets Held-for-Trading
12 Months Ended
Dec. 31, 2018
Financial Assets Held-for-Trading  
Financial Assets Held-for-Trading

8.    Financial Assets Held-for-Trading:

The details of financial instruments classified as held-for-trading at each period  are as follows:

 

 

 

 

 

 

 

 

2017

 

2018

 

    

MCh$

    

MCh$

Instruments issued by the Chilean Government and Central Bank:

 

  

 

  

Central Bank bonds

 

400,368

 

24,906

Central Bank promissory notes

 

662,190

 

1,410,080

Other instruments issued by the Chilean Government and Central Bank

 

254,606

 

88,486

 

 

 

 

 

Other instruments issued in Chile

 

 

 

 

Bonds from other domestic companies

 

 

7,532

Bonds from domestic banks

 

2,070

 

20,186

Deposits in domestic banks

 

218,307

 

100,226

Other instruments issued in Chile

 

715

 

1,663

 

 

 

 

 

Instruments issued by foreign institutions

 

 

 

 

Other instruments issued abroad

 

322

 

4,446

 

 

 

 

 

Mutual fund investments

 

 

 

 

Funds managed by related companies

 

 —

 

87,841

Funds managed by third-party

 

 —

 

Total

 

1,538,578

 

1,745,366

 

In “Instruments issued by the Chilean Government and Central Bank of Chile” are classified some instruments as sold under resale agreements to customers and financial institutions, by an amount of Ch$115,749 million as of December 31, 2018  (Ch$5,096 million as of December 31, 2017). Repurchase agreements had a 2 days average expiration period in 2018 (7 days average expiration period in 2017).

Moreover, under this same item, other financial instruments are maintained as collateral guaranteeing the derivative transactions executed through Comder Contraparte Central S.A. for an amount of Ch$34,456 million as of December 31, 2018 (Ch$34,585 million as of December 31, 2017).

“Other instruments issued in Chile” include instruments sold under repurchase agreements with customers and financial instruments amounting to Ch$99,268 million as of December 31, 2018 (Ch$158,731 million as of December 31, 2017). Agreements to repurchase have an average expiration of 10 days as of period-end (7 days in December 2017).

Additionally, the Bank holds financial investments in mortgage financial bonds issued by itself in the amount of Ch$11,397 million as of December 31, 2018 (Ch$15,032 million as of December 31, 2017), which are presented as a reduction of the liability line item “Debt issued”.