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Debt Instruments at Fair Value Through Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2019

Debt Instruments At Fair Value Through Other Comprehensive Income Tables Abstract

Schedule of debt instrument

As of December 31, 2019 detail of debt instruments is as follows:

		As of December 31,
		2019				2018
		MCh$				MCh$
Chilean central bank and government securities
Chilean central bank bonds			272,802				657,096
Chilean central bank notes			1,186,724				56,719
Other Chilean central bank and government securities			1,908,031				1,207,221
Subtotal			3,367,557				1,921,036
of which sold under repurchase agreement			379,294				16,109
Other Chilean securities
Time deposits in Chilean financial institutions			398				2,693
Mortgage finance bonds of Chilean financial institutions			16,748				19,227
Other instruments issued in the country			2,410				2,907
Subtotal			19,556				24,827
of which sold under repurchase agreement			131				128
Foreign financial securities
Foreign Central Banks and Government securities			197,685				280,622
Other foreign financial securities			425,474				167,838
Subtotal			623,159				448,460
of which sold under repurchase agreement			-				-
Total			4,010,272				2,394,323

Schedule of changes in the fair value and the corresponding ECL

An analysis of changes in the fair value and the corresponding ECL as of December 31, 2019 is as follows:

		Stage1				Stage2				Stage3
		Collective				Collective				Collective				TOTAL
Gross carrying amount at January 1, 2019			2,394,323				-				-				2,394,323
New assets purchased			7,573,665				-				-				7,573,665
Transfers to stage 1			-				-				-				-
Transfers to stage 2			-				-				-				-
Transfers to stage 3			-				-				-				-
Assets derecognised or matured (excluding write offs)			(5,694,456	)			-				-				(5,694,456	)
Changes due to modifications not derecognised			394,648				-				-				394,648
Write-off			-				-				-				-
Foreign Exchange adjustments and others			(657,908	)			-				-				(657,908	)
At December 31, 2019			4,010,272				-				-				4,010,272

		Stage1				Stage2				Stage3
		Collective				Collective				Collective				TOTAL
ECL at January 1, 2019			258				-				-				258
New assets purchased			816				-				-				816
Transfers to stage 1			-				-				-				-
Transfers to stage 2			-				-				-				-
Transfers to stage 3			-				-				-				-
Assets derecognised or matured (excluding write offs)			(614	)			-				-				(614	)
Changes due to modifications not derecognised			67				-				-				67
Write-off			-				-				-				-
Foreign Exchange adjustments and others			(71	)			-				-				(71	)
At December 31, 2019			456				-				-				456

An analysis of changes in the fair value and the corresponding ECL as of December 31, 2018 is as follows:

		Stage1				Stage2				Stage3
		Collective				Collective				Collective				TOTAL
Gross carrying amount at January 1, 2018			2,574,546				-				-				2,574,546
New assets purchased			5,037,857				-				-				5,037,857
Transfers to stage 1			-				-				-				-
Transfers to stage 2			-				-				-				-
Transfers to stage 3			-				-				-				-
Assets derecognised or matured (excluding write offs)			(5,604,114	)			-				-				(5,604,114	)
Changes due to modifications not derecognised			-				-				-				-
Write-off			-				-				-				-
Foreign Exchange adjustments and others			386,034				-				-				386,034
At December 31, 2018			2,394,323				-				-				2,394,323

		Stage1				Stage2				Stage3
		Collective				Collective				Collective				TOTAL
ECL at January 1, 2018			324				-				-				324
New assets purchased			634				-				-				634
Transfers to stage 1			-				-				-				-
Transfers to stage 2			-				-				-				-
Transfers to stage 3			-				-				-				-
Assets derecognised or matured (excluding write offs)			(705	)			-				-				(705	)
Changes due to modifications not derecognised			-				-				-				-
Write-off			-				-				-				-
Foreign Exchange adjustments and others			5				-				-				5
At December 31, 2018			258				-				-				258

Schedule of gross profits and losses realized on the sale of available for sale investments

Gross profits and losses realized on the sale of available for sale investments as of December 31, 2019, 2018 and 2017 is as follows:

		As of December 31,
		2019				2018				2017
		MCh$				MCh$				MCh$
Sale of available for sale investments generating realized profits			5,781,636				3,505,266				6,469,344
Realized profits			63,828				8,802				4,867
Sale of available for sale investments generating realized losses			607,349				709,371				466,732
Realized losses			156				6,004				3

Schedule of available for sale investments cumulative unrealized profit and loss

The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized profit and loss, as of December 31, 2019:

		Less than 12 months																More than 12 months																Total
		Amortized cost				Fair value				Unrealized profit				Unrealized loss				Amortized cost				Fair value				Unrealized profit				Unrealized loss				Amortized cost				Fair value				Unrealized profit				Unrealized loss
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Chilean central bank and government securities
Chilean central bank Bonds			270,979				272,802				3,600				(1,777	)			-				-				-				-				270,979				272,802				3,600				(1,777	)
Chilean central bank notes			1,186,487				1,186,724				237				-				-				-				-				-				1,186,487				1,186,724				237				-
Other Chilean central bank and government securities			1,895,367				1,908,031				38,002				(25,338	)			-				-				-				-				1,895,367				1,908,031				38,002				(25,338	)
Subtotal			3,352,833				3,367,557				41,839				(27,115	)			-				-				-				-				3,352,833				3,367,557				41,839				(27,115	)

Other Chilean securities
Time deposits in Chilean financial institutions			398				398				-				-				-				-				-				-				398				398				-				-
Mortgage finance bonds of Chilean financial institutions			15,962				16,748				786				-				-				-				-				-				15,962				16,748				786				-
Chilean financial institution bonds			-				-				-				-				-				-				-				-				-				-				-				-
Chilean corporate bonds			-				-				-				-				-				-				-				-				-				-				-				-
Other Chilean securities			407				2,410				2,003				-				-				-				-				-				407				2,410				2,003				-
Subtotal			16,767				19,556				2,789				-				-				-				-				-				16,767				19,556				2,789				-

Foreign financial securities
Foreign central banks and government securities			198,020				197,685				11,110				(11,445	)			-				-				-				-				198,020				197,685				11,110				(11,445	)
Other foreign financial securities			413,468				425,474				13,080				(1,074	)			-				-				-				-				413,468				425,474				13,080				(1,074	)
Subtotal			611,488				623,159				24,190				(12,519	)			-				-				-				-				611,488				623,159				24,190				(12,519	)

Total			3,981,088				4,010,272				68,818				(39,634	)			-				-				-				-				3,981,088				4,010,272				68,818				(39,634	)

The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized profit and loss, as of December 31, 2018:

		Less than 12 months																More than 12 months																Total
		Amortized cost				Fair value				Unrealized profit				Unrealized los				Amortized cost				Fair value				Unrealized profit				Unrealized loss				Amortized cost				Fair value				Unrealized profit				Unrealized loss
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Chilean central bank and government securities
Chilean central bank Bonds			658,013				657,096				3,698				(4,615	)																			658,013				657,096				3,698				(4,615	)
Chilean central bank notes			56,737				56,719				10				(27	)																			56,737				56,719				10				(27	)
Other Chilean central bank and government securities			1,196,819				1,207,220				10,689				(262	)																			1,196,819				1,207,220				10,689				(262	)
Subtotal			1,911,569				1,921,035				14,397				(4,904	)																			1,911,569				1,921,035				14,397				(4,904	)

Other Chilean securities
Time deposits in Chilean financial institutions			2,691				2,693				1				-																				2,691				2,693				1				-
Mortgage finance bonds of Chilean financial institutions			19,010				19,227				426				(209	)																			19,010				19,227				426				(209	)
Chilean financial institution bonds			-				-				-				-																				-				-				-				-
Chilean corporate bonds			-				-				-				-																				-				-				-				-
Other Chilean securities			220				2,907				2,687				-																				220				2,907				2,687				-
Subtotal			21,921				24,827				3,114				(209	)																			21,921				24,827				3,114				(209	)

Foreign financial securities
Foreign central banks and government securities			280,021				280,622				602				-																				280,021				280,622				602				-
Other foreign financial securities			174,387				167,837				-				(6,575	)																			174,387				167,837				-				(6,575	)
Subtotal			454,408				448,459				602				(6,575	)																			454,408				448,459				602				(6,575	)

Total			2,387,898				2,394,322				18,112				(11,688	)																			2,387,898				2,394,322				18,112				(11,688