XML 55 R32.htm IDEA: XBRL DOCUMENT
v3.19.1

CONTINGENCIES AND COMMITMENTS | 12 Months Ended
--- | ---
Dec. 31, 2018
Contingencies And Commitments |
CONTINGENCIES AND COMMITMENTS | NOTE 24 CONTINGENCIES AND COMMITMENTS
| a) | Lawsuits and legal procedures
As of the issuance date of these financial statements, the Bank and its affiliates were subject to certain legal actions in the normal course of their business. As of December 31, 2018, the Bank and its subsidiaries have provisions for this item of Ch$923 million and Ch$0 million, respectively (Ch$1,214 million and Ch$0 million as of December 31, 2017) which is included in “Provisions” in the Consolidated Statements of Financial Position as provisions for contingencies.
| b) | Contingent loans
The following table shows the Bank’s contractual obligations to issue loans:
| As of December 31,
| 2018 |  | 2017
| MCh$ |  | MCh$
Letters of credit issued | 223,420 |  | 201,699
Foreign letters of credit confirmed | 57,038 |  | 75,499
Performance guarantee | 1,954,205 |  | 1,823,793
Personal guarantees | 133,623 |  | 81,577
Total contingent liabilities | 2,368,286 |  | 2,182,568
Available on demand credit lines | 8,997,650 |  | 8,135,489
Other irrevocable credit commitments | 327,297 |  | 260,691
Total loan commit ment | 9,324,947 |  | 8,396,180
Total | 11,693,233 |  | 10,578,748
| c) | Held securities
The Bank holds securities in the normal course of its business as follows:
| As of December 31,
| 2018 |  | 2017
| MCh$ |  | MCh$
Third party operations |  |  |
Collections | 99,784 |  | 175,200
Assets from third parties managed by the Bank and its affiliates | 1,630,431 |  | 1,660,804
Subtotal | 1,730,215 |  | 1,836,004
Custody of securities |  |  |
Securities held in custody | 11,160,488 |  | 383,002
Securities held in custody deposited in other entity | 861,405 |  | 760,083
Issued securities held in custody | 12,335,871 |  | 22,046,701
Subtotal | 24,357,764 |  | 23,189,786
Total | 26,087,979 |  | 25,025,790
During 2018, the Bank classified the portfolios managed by private banking in “Assets from third parties managed by the Bank and its affiliates” (memo account). At the end of December 2018, the balance for this was Ch$ 1,630,396 million (Ch$ 1,660,768 million at December 31, 2017).
| d) | Guarantees
Banco Santander Chile has comprehensive officer fidelity insurance policy, No. 4668409, with the Chilena Consolidada de Seguros insurance company, for USD 50,000,000 which jointly covers both the Bank and its affiliates for the period from July 1, 2018 to June 30, 2019.
| e) | Contingent loans and liabilities
To satisfy its clients’ needs, the Bank took on several contingent loans and liabilities that are not be recognised in the Consolidated Financial Statements of Financial Position; these contain loan risks and they are, therefore, part of the Bank`s global risk.

X
- References No definition available. + Details
Name: | bsac_ContingenciesAndCommitmentsAbstract
Namespace Prefix: | bsac_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration