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Derivative Instruments and Accounting Hedges (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of derivative financial instruments [text block] [Abstract]

Schedule of bank's portfolio of derivative instruments

		As of December 31, 2020
						Fair value
		Notional amount contract				Asset				Liability
		MCh$				MCh$				MCh$
Derivatives held for hedging of fair value
Cross currency swap			5,031				—				1,646
Interest rate swap			29,508				—				4,873
Total derivatives held for hedging purposes			34,539				—				6,519
Derivatives held as cash flow hedges
Interest rate swap and cross currency swap			1,217,457				51,062				65,172
Total Derivatives held as cash flow hedges			1,217,457				51,062				65,172
Derivatives held-for-trading purposes
Currency forward			21,751,181				551,964				637,164
Interest rate swap			44,189,444				1,167,416				1,189,828
Cross currency swap and interest rate swap			18,893,219				845,831				940,565
Call currency options			71,914				269				306
Put currency options			57,395				1,462				2,099
Total derivatives held-for-trading purposes			84,963,153				2,566,942				2,769,962
Total			86,215,149				2,618,004				2,841,653

		As of December 31, 2021
						Fair value
		Notional amount contract				Asset				Liability
		MCh$				MCh$				MCh$
Derivatives held for hedging of fair value
Cross currency swap			1,788				—				608
Interest rate swap			—				—				—
Total derivatives held for hedging purposes			1,788				—				608
Derivatives held as cash flow hedges
Currency forward			3,099				—				88
Interest rate swap and cross currency swap			1,362,671				277,803				—
Total Derivatives held as cash flow hedges			1,365,770				277,803				88
Derivatives held-for-trading purposes
Currency forward			21,676,356				742,545				505,463
Interest rate swap			44,811,310				825,525				831,338
Cross currency swap and interest rate swap			18,798,439				1,132,717				1,432,794
Call currency options			117,001				4,509				2,726
Put currency options			93,433				199				459
Total derivatives held-for-trading purposes			85,496,539				2,705,495				2,772,780
Total			86,864,097				2,983,298				2,773,476

Schedule of Details of the Hedged elements and hedge instruments under fair value hedges

		As of December 31,
		2020				2021
		MCh$				MCh$
Notional Amounts
Hedged element
Commercial loans			5,031				1,788
Corporate bonds			29,508				—
Hedge instrument
Cross currency swap			5,031				1,788
Interest rate swap			29,508				—

Schedule of cash flows of borrowings from banks and bonds issued abroad

		Up to 1 month								Over 1 month and up to 3 months								Over 3 months and up to 12 months								Over 1 year and up to 3 years								Over 3 years and up to 5 years								Over 5 years								Total
		2020				2021				2020				2021				2020				2021				2020				2021				2020				2021				2020				2021				2020				2021
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedge element
Outflows:
Corporate Bond EUR			—				—				—				—				(1,473	)			(1,626	)			(2,946	)			(3,252	)			(44,037	)			(47,854	)			(51,871	)			(56,380	)			(100,327	)			(109,112	)
Corporate Bond HKD			—				—				—				—				(13,352	)			(15,897	)			(90,988	)			(105,828	)			(78,369	)			(91,271	)			(269,894	)			(309,896	)			(452,603	)			(522,892	)
Corporate Bond PEN			—				—				(775	)			(841	)			(775	)			(841	)			(3,098	)			(3,366	)			(3,098	)			(3,366	)			(41,484	)			(43,383	)			(49,230	)			(51,797	)
Corporate Bond CHF			—				(64	)			—				—				(829	)			(958	)			(94,332	)			(249,008	)			(121,182	)			(764	)			—				(121,521	)			(216,343	)			(372,315	)
Corporate Bond USD			—				—				—				—				(1,515	)			(1,814	)			(3,030	)			(3,629	)			(3,030	)			(3,629	)			(40,140	)			(46,260	)			(47,715	)			(55,332	)
Obligation USD			(202	)			—				(76	)			—				(157,455	)			(427	)			—				(60,047	)			—				—				—				—				(157,733	)			(60,474	)
Corporate Bond JPY			—				—				—				(130	)			(2,115	)			(39,208	)			(38,110	)			(4,249	)			(3,472	)			(4,249	)			(191,351	)			(242,020	)			(235,048	)			(289,856	)
Corporate Bond AUD			—				—				(970	)			(1,220	)			(3,928	)			(4,794	)			(9,796	)			(12,024	)			(9,799	)			(12,023	)			(206,991	)			(264,901	)			(231,484	)			(294,962	)
Corporate Bond NOK			—				—				—				—				(2,275	)			(2,646	)			(4,550	)			(5,292	)			(4,550	)			(5,292	)			(71,491	)			(80,515	)			(82,866	)			(93,745	)
Hedge instrument
Inflows:
Cross Currency Swap EUR			—				—				—				—				1,473				1,626				2,946				3,252				44,037				47,854				51,871				56,380				100,327				109,112
Cross Currency Swap HKD			—				—				—				—				13,352				15,897				90,988				105,828				78,369				91,271				269,894				309,896				452,603				522,892
Cross Currency Swap PEN			—				—				775				841				775				841				3,098				3,366				3,098				3,366				41,484				43,383				49,230				51,797
Cross Currency Swap CHF			—				64				—				—				829				958				94,332				249,008				121,182				764				—				121,521				216,343				372,315
Cross Currency Swap USD			—				—				—				—				1,515				1,814				3,030				3,629				3,030				3,629				40,140				46,260				47,715				55,332
Cross Currency Swap USD			202				—				76				—				157,455				427				—				60,047				—				—				—				—				157,733				60,474
Cross Currency Swap JPY			—				—				—				130				2,115				39,208				38,110				4,249				3,472				4,249				191,351				242,020				235,048				289,856
Cross Currency Swap AUD			—				—				970				1,220				3,928				4,794				9,796				12,024				9,799				12,023				206,991				264,901				231,484				294,962
Cross Currency Swap NOK			—				—				—				—				2,275				2,646				4,550				5,292				4,550				5,292				71,491				80,515				82,866				93,745
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—

Schedule of cash flows of the underlying assets portfolio and the cash flow of the liability

		Up to 1 month								Over 1 month and up to 3 months								Over 3 months and up to 12 months								Over 1 year and up to 3 years								Over 3 years and up to 5 years								Over 5 years								Total
		2020				2021				2020				2021				2020				2021				2020				2021				2020				2021				2020				2021				2020				2021
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedge element
Inflows:
Cash flows in CLF			160				537				280				4,031				186,116				59,853				213,673				370,886				246,244				144,432				741,654				968,900				1,388,127				1,548,639
Hedge instrument
Outflows:
Cross Currency Swap HKD			(160	)			(171	)			—				—				(9,035	)			(9,630	)			(72,728	)			(75,575	)			(76,073	)			(79,358	)			(206,514	)			(214,067	)			(364,510	)			(378,801	)
Cross Currency Swap PEN			—				—				(48	)			(51	)			(49	)			(52	)			(194	)			(207	)			(194	)			(206	)			(31,965	)			(33,974	)			(32,450	)			(34,490	)
Cross Currency Swap JPY			—				—				—				(341	)			(4,195	)			(40,029	)			(40,526	)			(8,388	)			(6,596	)			(8,376	)			(201,852	)			(252,362	)			(253,169	)			(309,496	)
Cross Currency Swap USD			—				—				—				—				(165,634	)			(1,104	)			(1,311	)			(57,936	)			(1,317	)			(1,402	)			(37,584	)			(39,368	)			(205,846	)			(99,810	)
Cross Currency Swap CHF			—				(366	)			—				—				(3,929	)			(5,281	)			(91,923	)			(220,166	)			(114,409	)			(4,387	)			—				(115,104	)			(210,261	)			(345,304	)
Cross Currency Swap EUR			—				—				—				—				(1,912	)			(2,028	)			(3,805	)			(4,070	)			(44,464	)			(46,165	)			(45,439	)			(47,638	)			(95,620	)			(99,901	)
Cross Currency Swap AUD			—				—				(232	)			(540	)			(738	)			(1,064	)			(1,939	)			(3,212	)			(1,942	)			(3,208	)			(152,709	)			(197,125	)			(157,560	)			(205,149	)
Cross Currency Swap NOK			—				—				—				—				(624	)			(665	)			(1,247	)			(1,332	)			(1,249	)			(1,330	)			(65,591	)			(69,262	)			(68,711	)			(72,589	)
Forward UF			—				—				—				(3,099	)			—				—				—				—				—				—				—				—				—				(3,099	)
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—

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- Definition

Tabular disclosure for cash flows of the underlying assets portfolio and the cash flow of the liability part of the derivatives.

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Tabular disclosure for maturity analysis for derivative financial assets held for managing liquidity risk.

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- Definition

The disclosure of detailed information about hedged items. [Refer: Hedged items [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 24B
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The disclosure of information about the terms and conditions of hedging instruments and how they affect future cash flows. [Refer: Hedging instruments [member]]

+ References

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-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 23A
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_23A&doctype=Standard
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