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OTHER LIABILITIES (Details) - CLP ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Other Liabilities    
Accounts and notes payable $ 163,216 $ 196,965
Unearned income 673 601
Valuation adjustments by macrohedges 7,039
Guarantees received (margin accounts) [1] 540,091 408,313
Notes payable through brokerage and simultaneous transactions 50,807 17,799
Other payable obligations [2] 94,779 58,921
Withheld VAT 1,990 1,887
Other liabilities [3] 41,812 60,877
Total $ 900,407 $ 745,363
[1] Guarantee deposits (margin accounts) correspond to collateral associated to derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral.
[2] Other payable obligations mainly relates to settlement of derivatives and other financial transactions derived from the operation of the Bank.
[3] Other liabilities: mainly include reimbursement of insurance commissions.