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Investments under Resale Agreements and Obligations under Repurchase Agreements | 12 Months Ended
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Dec. 31, 2019
Investments Under Resale Agreements And Obligations Under Repurchase Agreements |
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS | NOTE 07 INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS
| a) | As of December 31, 2019 and 2018, the Bank does not have investment under resale agreements.
| b) | Obligations arising from repurchase agreements
The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2019 and 2018, obligations related to instruments sold under repurchase agreements are as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | From 1 day to less than 3 months |  |  | More than 3 months and less than 1 year |  |  | More than 1 year |  |  | Total |  |  | From 1 day to less than 3 months |  |  | More than 3 months and less than 1 year |  |  | More than 1 year |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Securities from Chilean Government and the Chilean Central Bank: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Central Bank Bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 48,307 |  |  |  | - |  |  |  | - |  |  |  | 48,307 |
Chilean Central Bank Notes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other securities from the Government and the Chilean Central Bank |  |  | 379,891 |  |  |  | 33 |  |  |  | - |  |  |  | 379,924 |  |  |  | 110 |  |  |  | - |  |  |  | - |  |  |  | 110 |
Subtotal |  |  | 379,891 |  |  |  | 33 |  |  |  | - |  |  |  | 379,924 |  |  |  | 48,417 |  |  |  | - |  |  |  | - |  |  |  | 48,417 |
Instruments from other domestic institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits in Chilean financial institutions |  |  | 127 |  |  |  | 4 |  |  |  | - |  |  |  | 131 |  |  |  | 128 |  |  |  | - |  |  |  | - |  |  |  | 128 |
Subtotal |  |  | 127 |  |  |  | 4 |  |  |  | - |  |  |  | 131 |  |  |  | 128 |  |  |  | - |  |  |  | - |  |  |  | 128 |
Instruments from other foreign institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities from Government or foreign Central Banks |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 380,018 |  |  |  | 37 |  |  |  | - |  |  |  | 380,055 |  |  |  | 48,545 |  |  |  | - |  |  |  | - |  |  |  | 48,545 |
| c) | Below is the detail by portfolio of collateral associated with repurchase agreements as of December 31, 2019 and 2018, valued at fair value:
|  | As of December 31,
|  | 2019 |  | 2018
|  | Available for sale portfolio |  | Trading portfolio |  | Total |  | Available for sale portfolio |  | Trading portfolio |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Chilean Central Bank and Government securities: |  |  |  |  |  |  |  |  |  |  |  |
Chilean Central Bank Bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 49,040 |  |  |  | - |  |  |  | 49,040 |
Chilean Central Bank Notes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other securities from the Government and the Chilean Central Bank |  |  | 379,924 |  |  |  | - |  |  |  | 379,924 |  |  |  | 109 |  |  |  | - |  |  |  | 109 |
Subtotal |  |  | 379,924 |  |  |  | - |  |  |  | 379,924 |  |  |  | 49,149 |  |  |  | - |  |  |  | 49,149 |
Other Chilean securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits in Chilean financial institutions |  |  | 131 |  |  |  | - |  |  |  | 131 |  |  |  | 132 |  |  |  | - |  |  |  | 132 |
Subtotal |  |  | 131 |  |  |  | - |  |  |  | 131 |  |  |  | 132 |  |  |  | - |  |  |  | 132 |
Instruments from other foreign institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities from Government or foreign Central Banks |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 380,055 |  |  |  | - |  |  |  | 380,055 |  |  |  | 49,281 |  |  |  | - |  |  |  | 49,281 |

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- Definition The disclosure of repurchase and reverse repurchase agreements. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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