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Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
Other Liabilities [Abstract]  
Schedule of other liabilities

The other liabilities line item is as follows:

 

   As of December 31, 
   2019   2018 
   MCh$   MCh$ 
         
Accounts and notes payable   214,216    163,216 
Income received in advance   640    673 
Adjustment due to macro-hedging valuation   -    7,039 
Guarantees received (margin accounts) (1)   994,714    540,091 
Notes payable through brokerage and simultaneous transactions (3)   1,418,340    50,807 
Other payable obligations (2)   61,555    94,779 
Withholding VAT   8,147    1,990 
Accounts payable insurance companies   9,510    8,424 
Other liabilities   99,203    33,388 
           
Total   2,806,325    900,407 

 

(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 relate to settlement of derivatives and other financial transactions derived from the operation of the Bank.
(3)In December 2019, Santander Corredora de Bolsa acted as an intermediary in the public offering of shares held between Latam and Delta, which was passed to the shareholders on January 3, 2019.