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Investments Under Resale Agreements and Obligations Under Repurchase Agreements

12 Months Ended

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

As of December 31, 2021 and 2020, 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, 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

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