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Other Liabilities
 12 Months Ended
Dec. 31, 2021
Disclosure of Other Liabilities [Abstract]  
OTHER LIABILITIES

NOTE 22

OTHER LIABILITIES

 

The other liabilities line item is as follows:

 

   As of December 31, 
   2021
MCh$		   2020
MCh$		 
Accounts and notes payable   259,138    227,518 
Income received in advance   798    828 
Macro-hedge valuation adjustment (1)   68,524    51,089 
Guarantees received (margin accounts) (2)   857,679    624,205 
Notes payable through brokerage and simultaneous transactions   47,921    12,504 
Other payable obligations   286,449    139,622 
Withholding VAT   21,909    14,129 
Accounts payable insurance companies   12,558    13,911 
Other liabilities   51,650    82,047 
Total   1,606,626    1,165,853 

 

(1)Valuation balances of net assets and liabilities at market value subject to macro-hedging.
(2)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.