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Investments under Resale Agreements and Obligations under Repurchase Agreements

12 Months Ended

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

As of December 31, 2019 and 2018, the Bank does not have investment under resale agreements.

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

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