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Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2020

Disclosure of cash and cash equivalents [text block] [Abstract]

Cash and Cash Equivalents:

(a)

Details of cash and cash equivalents and its reconciliation to the Statement of Cash Flows at each year-end are as follows:

	2019		2020
	MCh$		MCh$
Cash and due from banks:
Cash (*)		889,911		615,842
Current account with the Central Bank (*)		178,429		641,890
Deposits in other domestic banks		75,651		14,506
Deposits abroad		1,248,175		1,287,978
Subtotal - Cash and due from banks		2,392,166		2,560,216

Transactions in the course of collection		232,551		(719,692	)
Highly liquid financial instruments (**)		371,063		400,014
Repurchase agreements		114,466		34,872
Total cash and cash equivalents		3,110,246		2,275,410

(*)	Amounts in cash and Central Bank deposits are mandatory reserve deposits for which the Bank must maintain a minimum specified monthly average balance.

(**)	It corresponds to negotiation instruments and investment instruments, whose terms do not exceed three months from the date of acquisition.

	2019		2020
	MCh$		MCh$
Highly liquid financial instruments:
Financial Assets Held-for-trading		371,063		400,014
Total		371,063		400,014

(b)

Transactions in the course of collection:

Transactions in the course of collection are transactions for which the only remaining step is settlement, which will increase or decrease the funds in the Central Bank or in foreign banks, normally occurring within 24 to 48 business hours and are detailed as follows:

	2019			2020
	MCh$			MCh$
Assets
Documents drawn on other banks (clearing)		222,261			123,267
Funds receivable		109,159			39,985
Subtotal transactions in the course of collection		331,420			163,252

Liabilities
Funds payable		(98,869	)		(882,944	)
Subtotal transactions in the course of payment		(98,869	)		(882,944	)
Total transactions in the course of collection		232,551			(719,692	)