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Other Liabilities

12 Months Ended

Dec. 31, 2022

Other Liabilities [Abstract]

OTHER LIABILITIES

NOTE 20 - OTHER LIABILITIES

The other liabilities line item is as follows:

		As of December 31,
		2022				2021
		MCh$				MCh$

Accounts and notes payable			405,878				445,493
Income received in advance			901				798
Macro-hedge valuation adjustment (1)			85,725				68,524
Guarantees received (margin accounts) (2)			1,017,968				857,679
Broker dealer and simultaneous transactions			265,793				48,031
Withholding VAT			36,814				35,792
Accounts payable insurance companies			10,893				12,558
In-progress operations			21,918				27,595
Deferred income			5,453				5,836
Other liabilities			190,339				104,320
Total			2,041,682				1,606,626

(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.