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

12 Months Ended

Dec. 31, 2023

Financial Assets Held for Trading at Fair Value Through Profit or Loss [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:

	2023		2022
	MCh$		MCh$
Financial derivative contracts		2,035,540		2,960,706
Debt Financial Instruments		3,363,624		3,433,745
Other financial instruments		409,328		257,325
Total		5,808,492		6,651,776

(a)

The Bank as of December 31, 2023 and 2022, 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
	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022		2023		2022		2023		2022		2023		2022		2023	2022
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$	MCh$
Currency forward		—		—		3,659,459		3,709,915		2,410,522		2,877,266		2,517,954		3,331,247		355,774		523,024		13,536		45,610		—		—		8,957,245		10,487,062	212,639		566,050
Interest rate swap		—		—		847,401		1,469,421		1,859,664		1,372,813		6,593,100		5,305,882		7,157,777		5,531,197		3,743,282		3,897,824		4,709,682		4,824,660		24,910,906		22,401,797	883,689		1,324,541
Interest rate and cross currency swap		—		—		167,667		400,358		305,181		443,952		987,931		1,245,809		2,724,924		2,695,878		1,112,311		1,154,754		2,410,153		2,331,640		7,708,167		8,272,391	934,466		1,065,036
Call currency options		—		—		7,019		15,504		26,243		44,966		87,429		32,090		7,325		—		—		—		—		—		128,016		92,560	3,435		2,321
Put currency options		—		—		3,012		8,806		24,464		16,598		51,132		22,449		6,558		—		—		—		—		—		85,166		47,853	1,311		2,758
Total		—		—		4,684,558		5,604,004		4,626,074		4,755,595		10,237,546		9,937,477		10,252,358		8,750,099		4,869,129		5,098,188		7,119,835		7,156,300		41,789,500		41,301,663	2,035,540		2,960,706

The detail of Debt Financial Instruments is the following:

	2023		2022
	MCh$		MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		2,799,442		3,014,768
Bonds and Promissory notes from the General Treasury of the Republic		227,871		44,524

Other instruments issued in Chile
Debt financial instruments from other domestic banks		336,311		374,453
Total		3,363,624		3,433,745

Under “Instruments issued by the Chilean Government and Central Bank of Chile” are maintained instruments delivered as collateral as part of the FCIC program for an approximate amount of Ch$245,620 million as of December 31, 2023.

Under “Other instruments issued in Chile” are included instruments sold under repurchase agreements to clients and financial institutions by an amount of Ch$121,586 million as of December 31, 2023 (Ch$208,330 million in December 2022). The repurchase agreements have an average maturity of 4 days at the end of the year 2023 (7 days in December 2022).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$1,733 million as of December 31, 2023 (Ch$2,790 million in December 2022), which are presented as a reduction of the liability item “Debt financial instruments issued”.

The detail of other financial instruments is as follows:

	2023		2022
	MCh$		MCh$
Mutual fund investments
Funds managed by related companies		405,752		250,337
Funds managed by third-party		—		—

Equity instruments
Domestic equity instruments		2,058		2,357
Foreign equity instruments		485		3,261

Loans originated and acquired by the entity
Loans and advances to banks		—		—
Commercial loans		—		—
Residential mortgage loans		—		—
Consumer loans		—		—
Others		1,033		1,370
Total		409,328		257,325