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OTHER ASSETS

12 Months Ended

Dec. 31, 2018

NOTE 17

OTHER ASSETS

Other assets item includes the following:

		As of December 31,
		2018	2017
		MCh$	MCh$

Assets for leasing ⁽¹⁾		47,486	48,099

Assets received or awarded in lieu of payment
	Assets received in lieu of payment	17,525	20,904
	Assets awarded at judicial sale	21,524	24,800
	Provision on assets received in lieu of payment or awarded	(723)	(1,440)
	Subtotal	38,326	44,264

Other assets
	Guarantee deposits (margin accounts) ⁽²⁾	170,232	323,767
	Gold investments	522	478
	VAT credit	9,097	9,570
	Income tax recoverable	1,756	1,381
	Prepaid expenses	477,819	116,512
	Assets recovered from leasing for sale	6,848	4,235
	Valuation adjustments by macrohedge	9,414	160
	Pension plan assets	846	921
	Accounts and notes receivable	59,511	59,574
	Notes receivable through brokerage and simultaneous transactions	71,382	68,272
	Other receivable assets	48,612	53,500
	Other assets ⁽³⁾	49,365	33,677
	Subtotal	905,404	672,047

	Total	991,216	764,410

⁽¹⁾

Assets available to be granted under the financial leasing agreements.

⁽²⁾

Guarantee deposits (margin accounts) correspond to collateral associated with 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.

⁽³⁾

Other assets mainly include settlement of derivatives and other financial transactions.