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Contingencies and Commitments (Tables)
12 Months Ended
Dec. 31, 2018
Contingencies and Commitments  
Commitments accounted for in off-balance sheet accounts

 

 

 

 

 

 

 

 

2017

 

2018

 

    

MCh$

    

MCh$

 

 

 

 

 

Off-balance-sheet accounts

 

  

 

  

Foreign office guarantees and standby letters of credit

 

285,035

 

341,676

Confirmed foreign letters of credit

 

64,970

 

56,764

Issued foreign letters of credit

 

94,313

 

388,396

Performance guarantees

 

2,220,828

 

2,232,682

Undrawn credit lines

 

7,240,406

 

7,769,325

Other commitments

 

60,609

 

46,561

 

 

 

 

 

Transactions on behalf of third parties

 

 

 

 

Collections

 

168,353

 

160,367

Third-party resources managed by the Bank:

 

 

 

 

Financial assets managed on behalf of third parties

 

7,121

 

27,334

Other assets managed on behalf of third parties

 

 —

 

 —

Financial assets acquired on its own behalf

 

133,794

 

103,319

 

 

 

 

 

Fiduciary activities

 

 

 

 

Securities held in safe custody in the Bank

 

5,738,873

 

6,930,293

Securities held in safe custody in other entities

 

14,990,439

 

13,783,748

Total

 

31,004,741

 

31,840,465

 

Summary of expiration of financial guarantees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

Due after 1

 

Due after 3

 

 

 

 

 

 

 

 

year but

 

years but

 

 

 

 

 

 

Due within 1

 

within 3

 

within 5

 

Due after 5

 

 

 

 

year

 

years

 

years

 

years

 

Total

 

    

MCh$

    

MCh$

    

MCh$

    

MCh$

    

MCh$

Performance guarantees

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

Due after 1

 

Due after 3

 

 

 

 

 

 

 

 

year but

 

years but

 

 

 

 

 

 

Due within 1

 

within 3

 

within 5

 

Due after 5

 

 

 

 

year

 

years

 

years

 

years

 

Total

 

    

MCh$

    

MCh$

    

MCh$

    

MCh$

    

MCh$

Performance guarantees

 

1,537,447

 

574,650

 

96,841

 

23,744

 

2,232,682

Foreign office guarantees and standby letters of credit

 

318,917

 

18,704

 

3,708

 

347

 

341,676

Total

 

1,856,364

 

593,354

 

100,549

 

24,091

 

2,574,358

 

Summary of estimated date of completion of respective litigation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

 

2019

 

2020

 

2021

 

2022

 

Total

 

    

MCh$

    

MCh$

    

MCh$

    

MCh$

    

MCh$

Legal contingencies

 

24

 

180

 

 —

 

 —

 

204


(*)The trial in which the National Consumer Service brought a collective action against Banco de Chile ended by virtue of a conciliation agreement entered into between the parties on June 14, 2018, which was approved by the court by an executed resolution.

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

 

 

 

 

 

 

 

 

2017

 

2018

 

    

MCh$

    

MCh$

Guarantees:

 

  

 

  

Shares to secure short-sale transactions in:

 

  

 

  

Securities Exchange of the Santiago Stock Exchange

 

20,249

 

59,074

Securities Exchange of the Electronic Stock Exchange of Chile

 

29,926

 

17,223

Fixed income securities to ensure system CCLV, Santiago Securities Exchange, Stock Exchange

 

3,995

 

5,976

Shares delivered to ensure equity loan, Chilean Electronic Stock Exchange, Stock Exchange

 

3,864

 

 —

Total

 

58,034

 

82,273

 

Summary of insurance policies contracted

 

 

 

 

Matter insured

    

Amount Insured (UF)

Responsibility for errors and omissions policy

 

60,000

Civil responsibility policy

 

500