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Financial Assets for Trading at Fair Value Trhough Profit and Loss
 12 Months Ended
Dec. 31, 2022
Financial Assets for Trading at Fair Value Trhough Profit and Loss [Abstract]  
FINANCIAL ASSETS FOR TRADING AT FAIR VALUE TRHOUGH PROFIT AND LOSS

NOTE 05 - FINANCIAL ASSETS FOR TRADING AT FAIR VALUE TRHOUGH PROFIT AND LOSS

 

The detail of financial assets for trading at fair value through profit and loss is as follows:

 

   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Financial derivative contracts        
Forwards   1,669,807    1,088,194 
Swaps   9,992,123    8,402,868 
Call currency options   1,429    3,232 
Put currency options   9,601    177 
Subtotal   11,672,960    9,494,471 
Debt financial instruments          
Chilean Central Bank and Government securities   153,967    68,649 
Foreign financial debt securities   79    4,698 
Subtotal   154,046    73,347 
Total   11,827,006    9,567,818 

 

a.As of December 31, 2022 and 2021 the Bank holds the following portfolio of financial assets derivative contracts:

 

   As of December 31, 2022 
   Notional amount 
   Demand  

Up to

1 month

   Between 1 and 3 months   Between 3 and 12 months   Between 1 and 3 years   Between 3 and 5 years   More than 5 years   Total   Fair value 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Currency forward   
-
    9,245,832    7,653,539    9,828,036    6,178,376    1,009,395    737,202    34,652,380    1,669,807 
Interest rate swaps   -    5,583,353    8,796,596    26,246,111    24,855,247    11,658,182    16,373,617    93,513,106    4,283,817 
Cross currency swaps   -    1,258,796    1,575,109    5,398,185    19,811,336    11,689,202    21,297,126    61,029,754    5,708,306 
Call currency options   -    99,157    80,844    24,744    
-
    
-
    
-
    204,745    1,429 
Put currency options   -    309,713    1,699    7,816    
-
    
-
    
-
    319,228    9,601 
Total   -    16,496,851    18,107,787    41,504,892    50,844,959    24,356,779    38,407,945    189,719,213    11,672,960 

 

   As of December 31, 2021 
   Notional amount 
   Demand   Up to 1 month   Between 1 and 3 months   Between 3 and 12 months   Between 1 and 3 years   Between 3 and 5 years   More than 5 years   Total   Fair value 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Currency forward   -    4,975,740    4,892,023    5,873,439    2,272,048    1,404,498    572,858    19,990,606    1,088,194 
Interest rate swaps   -    3,073,729    4,409,984    11,320,119    19,002,414    14,025,972    19,384,413    71,216,631    3,009,922 
Cross currency swaps   -    1,134,097    1,717,410    6,962,984    21,317,376    22,326,462    37,994,088    91,452,417    5,392,946 
Call currency options   -    3,344    24,593    36,394    
-
    
-
    
-
    64,331    3,232 
Put currency options   -    10,715    5,268    8,545    
-
    
-
    
-
    24,528    177 
Total   
-
    9,197,625    11,049,278    24,201,481    42,591,838    37,756,932    57,951,359    182,748,513    9,494,471 

 

b.As of December 31, 2021 and 2020 the Bank holds the following portfolio of debt financial instruments for trading:

 

   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Chilean Central Bank and Government securities        
Chilean Central Bank financial instruments  1,412   713 
Chilean Treasury bonds and notes   152,555    67,936 
Subtotal   153,967    68,649 
Other Chilean debt financial securities          
Chilean corporate bonds   
-
    4,698 
Subtotal   
-
    4,698 
Foreign financial debt securities          
Other foreign financial instruments   79    
-
 
Subtotal   79    
-
 
           
Total   154,046    73,347 

 

As of December 31, 2022 and 2021, there were no trading investments sold under resell agreements to clients or financial institutions.