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Investments Under Resale Agreements and Obligations Under Repurchase Agreements | 12 Months Ended
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Dec. 31, 2021
Disclosure of repurchase and reverse repurchase agreements [text block] [Abstract] |
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS | NOTE 06 INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS
| a) | As of December 31, 2021 and 2020, 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, 2021 and 2020, obligations related to instruments sold under repurchase agreements are as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | 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 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Chilean Central Bank Notes |  |  | 76,725 |  |  |  | - |  |  |  | - |  |  |  | 76,725 |  |  |  | 461.961 |  |  |  | - |  |  |  | - |  |  |  | 461.961 |
Other securities from the Government and the Chilean Central Bank |  |  | 9,829 |  |  |  | - |  |  |  | - |  |  |  | 9,829 |  |  |  | 507.448 |  |  |  | - |  |  |  | - |  |  |  | 507.448 |
Subtotal |  |  | 86,554 |  |  |  | - |  |  |  | - |  |  |  | 86,554 |  |  |  | 969.409 |  |  |  | - |  |  |  | - |  |  |  | 969.409 |
Instruments from other domestic institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits in Chilean financial institutions |  |  | 80 |  |  |  | - |  |  |  | - |  |  |  | 80 |  |  |  | 399 |  |  |  | - |  |  |  | - |  |  |  | 399 |
Subtotal |  |  | 80 |  |  |  | - |  |  |  | - |  |  |  | 80 |  |  |  | 399 |  |  |  | - |  |  |  | - |  |  |  | 399 |
Instruments from other foreign institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities from Government or foreign Central Banks |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 86,634 |  |  |  | - |  |  |  | - |  |  |  | 86,634 |  |  |  | 969,808 |  |  |  | - |  |  |  | - |  |  |  | 969,808 |
| c) | Below is the detail by portfolio of collateral associated with repurchase agreements as of December 31, 2021 and 2020, valued at fair value:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | Debt instruments at FVOCI |  |  | Financial assets held for trading |  |  | Total |  |  | Debt instruments at FVOCI |  |  | Financial assets held for trading |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Chilean Central Bank and Government securities: |
Chilean Central Bank Bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Chilean Central Bank Notes |  |  | 76,786 |  |  |  | - |  |  |  | 76,786 |  |  |  | 461,965 |  |  |  | - |  |  |  | 461,965 |
Other securities from the Government and the Chilean Central Bank |  |  | 9,877 |  |  |  | - |  |  |  | 9,877 |  |  |  | 507,543 |  |  |  | - |  |  |  | 507,543 |
Subtotal |  |  | 86,663 |  |  |  | - |  |  |  | 86,663 |  |  |  | 969,508 |  |  |  | - |  |  |  | 969,508 |
Other Chilean securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits in Chilean financial institutions |  |  | 80 |  |  |  | - |  |  |  | 80 |  |  |  | 399 |  |  |  | - |  |  |  | 399 |
Subtotal |  |  | 80 |  |  |  | - |  |  |  | 80 |  |  |  | 399 |  |  |  | - |  |  |  | 399 |
Instruments from other foreign institutions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities from Government or foreign Central Banks |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 86,743 |  |  |  | - |  |  |  | 86,743 |  |  |  | 969,907 |  |  |  |  |  |  |  | 969,907 |

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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 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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