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Financial Assets Held for Trading at Fair Value through Profit or Loss

12 Months Ended

Dec. 31, 2022

Financial Assets Held for Trading at Fair Value through Profit or Loss Disclosure [Abstract]

Financial Assets Held for Trading at Fair Value through Profit or Loss

8.	Financial Assets Held for Trading at Fair Value through Profit or Loss:

The item detail is as follows:

	2022		2021
	MCh$		MCh$

Financial derivative contracts		2,960,706		2,705,496
Debt Financial Instruments		3,433,745		3,737,942
Other financial instruments		257,325		138,753
Total		6,651,776		6,582,191

(a)

The Bank as of December 31, 2022 and 2021, maintains the following portfolio of derivative instruments:

	Notional amount of contract with final expiration date in
	Demand				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 year and up to 5 years				Over 5 years				Total				Fair Value Assets
	2022		2021		2022		2021		2022		2021		2022		2021		2022		2021		2022		2021		2022		2021		2022		2021		2022		2021
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$

Currency forward		—		—		3,709,915		3,576,287		2,877,266		2,684,713		3,331,247		4,847,747		523,024		782,755		45,610		70,262		—		18,758		10,487,062		11,980,522		566,050		742,545
Interest rate swap		—		—		1,469,421		653,112		1,372,813		2,158,595		5,305,882		4,953,398		5,531,197		6,053,885		3,897,824		3,627,267		4,824,660		5,350,526		22,401,797		22,796,783		1,324,541		825,525
Interest rate and cross currency swap		—		—		400,358		130,280		443,952		335,102		1,245,809		1,091,777		2,695,878		2,197,804		1,154,754		1,751,790		2,331,640		2,580,685		8,272,391		8,087,438		1,065,036		1,132,718
Call currency options		—		—		15,504		12,853		44,966		31,914		32,090		28,495		—		2,631		—		—		—		—		92,560		75,893		2,321		4,509
Put currency options		—		—		8,806		6,495		16,598		8,191		22,449		16,392		—		—		—		—		—		—		47,853		31,078		2,758		199
Total		—		—		5,604,004		4,379,027		4,755,595		5,218,515		9,937,477		10,937,809		8,750,099		9,037,075		5,098,188		5,449,319		7,156,300		7,949,969		41,301,663		42,971,714		2,960,706		2,705,496

The detail of Debt Financial Instruments is the following:

	2022		2021
	MCh$		MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		3,014,768		3,297,100
Bonds and Promissory notes from the General Treasury of the Republic		44,524		175,022

Other instruments issued in Chile
Debt financial instruments from other domestic banks		374,453		265,820
Total		3,433,745		3,737,942

Under “Instruments issued by the Chilean Government and Central Bank of Chile” are maintained instruments to comply with the requirements for the constitution of technical reserve for an amount equivalent to Ch$3,288,800 million as of December 31, 2021.

Under “Other instruments issued in Chile” are included instruments sold under repurchase agreements to clients and financial institutions by an amount of Ch$208,330 million as of December 31, 2022 (Ch$84,969 million in December 2021). The repurchase agreements have an average maturity of 7 days at the end of the year 2022 (12 days in December 2021).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$2,790 million as of December 31, 2022 (Ch$3,832 million in December 2021), which are presented as a reduction of the liability item “Instruments Issued Abroad”.

The detail of other financial instruments is as follows:

	2022		2021
	MCh$		MCh$
Mutual fund investments
Funds managed by related companies		250,337		125,145
Funds managed by third-party		—		—

Equity instruments
Domestic equity instruments		2,357		3,062
Foreign equity instruments		3,261		—

Loans originated and acquired by the entity
Loans and advances to banks		—		—
Commercial loans		—		—
Residential mortgage loans		—		—
Consumer loans		—		—
Others		1,370		10,546
Total		257,325		138,753