XML 88 R62.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments for Hedging Purposes (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Financial Instruments for Hedging Purposes [Abstract]

Schedule of Bank's Portfolio of Derivative Instruments

As of December 31, 2023 and 2022, the Bank has the following portfolio of financial derivative instruments for accounting hedging purposes:

		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$

Derivatives held for fair value hedges			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

Cash flow hedge derivatives
Interest rate swap and cross currency swap			—				—				—				—				—				—				141,416				167,199				36,553				135,025				232,293				122,127				222,615				111,547				632,877				535,898				49,065				27,077
Total			—				—				—				—				—				—				141,416				167,199				36,553				135,025				232,293				122,127				222,615				111,547				632,877				535,898				49,065				27,077

		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 Liabilities
		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$

Derivatives held for fair value hedges			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

Cash flow hedge derivatives
Interest rate swap and cross currency swap			—				—				—				—				—				—				—				63,587				218,840				123,214				180,325				129,166				983,782				1,151,878				1,382,947				1,467,845				160,602				223,016
Total			—				—				—				—				—				—				—				63,587				218,840				123,214				180,325				129,166				983,782				1,151,878				1,382,947				1,467,845				160,602				223,016

Schedule of Cash Flows of Borrowings From Banks and Bonds Issued Abroad

Below are the cash flows of borrowings from banks and bonds issued abroad objects of these hedges and the cash flows of the asset part of the derivative:

		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 years and up to 5 years								Over 5 years								Total
		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$
Hedge element
Outflows:
Corporate Bond			—				—				(450	)			(378	)			(4,686	)			(4,423	)			(199,047	)			(226,822	)			(245,308	)			(339,527	)			(552,541	)			(338,871	)			(1,252,534	)			(1,421,772	)			(2,254,566	)			(2,331,793	)
Borrowing			—				—				—				—				—				—				(1,366	)			(59,876	)			(88,096	)			—				—				—				—				—				(89,462	)			(59,876	)

Hedge instrument
Inflows:
Cross Currency Swap			—				—				450				378				4,686				4,423				200,413				286,698				333,404				339,527				552,541				338,871				1,252,534				1,421,772				2,344,028				2,391,669
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

Schedule of Cash Flows of the Underlying Assets Portfolio and the Cash Flow of the Liability

Below are the cash flows of the underlying assets portfolio and the cash flow of the liability part of the derivatives:

		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 years and up to 5 years								Over 5 years								Total
		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$
Hedge element
Inflows:
Cash flows in CLF			—				—				1,506				1,437				1,834				1,742				182,057				268,092				328,074				327,478				467,263				309,408				1,314,328				1,389,012				2,295,062				2,297,169

Hedge instrument
Outflows:
Cross Currency Swap			—				—				(1,506	)			(1,437	)			(1,834	)			(1,742	)			(182,057	)			(268,092	)			(328,074	)			(327,478	)			(467,263	)			(309,408	)			(1,314,328	)			(1,389,012	)			(2,295,062	)			(2,297,169	)
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—