XML 78 R55.htm IDEA: XBRL DOCUMENT v3.22.4

Financial Derivatives Contracts for Hedge Accounting (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure Of Derivative Financial Instruments Text Block Abstract

Schedule of bank holds portfolio of derivative instruments

		As of December 31, 2022
		Notional amount																																Fair value
		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				Assets				Liabilities
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Fair value hedge derivatives
Interest rate swaps			-				206,630				447,773				722,845				7,300,878				608,013				1,728,916				11,015,055				213,478				1,166,339
Cross currency swaps			-				84,959				706,859				1,512,048				3,149,733				1,200,889				1,462,413				8,116,901				75,848				333,097
Subtotal			-				291,589				1,154,632				2,234,893				10,450,611				1,808,902				3,191,329				19,131,956				289,326				1,499,436
Cash flow hedge derivatives
Currency forwards			-				176,664				1,839,766				554,696				-				-				-				2,571,126				823				35,332
Cross currency swaps			-				486,032				932,204				2,019,072				6,703,372				2,077,260				2,261,958				14,479,898				187,613				1,254,026
Subtotal			-				662,696				2,771,970				2,573,768				6,703,372				2,077,260				2,261,958				17,051,024				188,436				1,289,358
Total			-				954,285				3,926,602				4,808,661				17,153,983				3,886,162				5,453,287				36,182,980				477,762				2,788,794

		As of December 31, 2021
		Notional amount																																Fair value
		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				Assets				Liabilities
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Fair value hedge derivatives
Interest rate swaps			-				20,000				190,000				87,817				6,278,000				384,713				1,842,686				8,803,216				22,933				587,702
Cross currency swaps			-				42,926				295,548				3,056,063				1,168,120				2,272,472				1,585,870				8,420,999				493,175				118,199
Subtotal			-				62,926				485,548				3,143,880				7,446,120				2,657,185				3,428,556				17,224,215				516,108				705,901
Cash flow hedge derivatives
Currency forwards			-				238,719				120,343				920,279				-				-				-				1,279,341				3,497				1,590
Cross currency swaps			-				221,147				235,537				1,033,671				5,103,045				3,341,606				3,024,988				12,959,994				109,531				656,719
Subtotal			-				459,866				355,880				1,953,950				5,103,045				3,341,606				3,024,988				14,239,335				113,028				658,309
Total			-				522,792				841,428				5,097,830				12,549,165				5,998,791				6,453,544				31,463,550				629,136				1,364,210

Schedule of fair value hedges

		As of December 31, 2022
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Loans and account receivable at amortised cost
Commercial loans			-				-				-				180,963				-				-				-				180,963
Debt instruments at FVOCI
US Treasury bonds			-				-				-				-				-				594,713				1,389,080				1,983,793
Time deposits and other time liabilities
Time deposits			-				206,630				447,773				873,822				141,539				-				-				1,669,764
Instrumentos de deuda emitidos
Senior bonds			-				-				-				122,638				2,569,632				1,038,634				757,861				4,488,765
Subordinated bonds			-				-				-				-				84,959				175,555				485,917				746,431
Interbank borrowing
Interbank loans			-				84,959				706,859				1,057,470				-				-				-				1,849,288
Chilean Central Bank loans			-				-				-				-				6,178,000				-				-				6,178,000
Total			-				291,589				1,154,632				2,234,893				8,974,130				1,808,902				2,632,858				17,097,004
Hedging instrument
Cross currency swaps			-				84,959				706,859				1,512,048				2,573,252				1,200,890				903,942				6,981,950
Forwards			-				206,630				447,773				722,845				6,400,878				608,012				1,728,916				10,115,054
Total			-				291,589				1,154,632				2,234,893				8,974,130				1,808,902				2,632,858				17,097,004
		As of December 31, 2021
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Loans and account receivable at amortised cost
Commercial loans			-				42,724				183,713				42,724				-				-				-				269,161
Debt instruments at FVOCI
Chilean sovereign bonds			-				-				-				12,817				-				71,093				18,371				102,281
Mortgage financing bonds			-				202				-				-				-				-				-				202
US Treasury bonds			-				-				-				-				-				213,620				1,226,179				1,439,799
Chilean Treasury bonds			-				-				-				-				-				73,915				-				73,915
Time deposits and other time liabilities
Time deposits			-				20,000				162,538				68,358				-				-				-				250,896
Instrumentos de deuda emitidos:
Senior bonds			-				-				30,000				616,751				1,182,672				2,198,556				1,414,970				5,442,949
Subordinated bonds			-				-				-				-				85,448				-				170,896				256,344
Interbank borrowing
Interbank loans			-				-				-				1,779,882				-				-				-				1,779,882
Chilean Central Bank loans			-				-				-				-				6,178,000				-				-				6,178,000
Total			-				62,926				376,251				2,520,532				7,446,120				2,557,184				2,830,416				15,793,429
Hedging instrument
Cross currency swaps			-				42,926				286,251				2,482,715				1,168,120				2,272,471				987,730				7,240,213
Interest rate swaps			-				20,000				90,000				37,817				6,278,000				284,713				1,842,686				8,553,216
Total			-				62,926				376,251				2,520,532				7,446,120				2,557,184				2,830,416				15,793,429

Schedule of notional amount of the hedged

		As of December 31, 2022
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Loans and accounts receivable at amortised cost
Mortgage loans			-				545,747				2,563,558				1,999,451				5,568,862				1,026,081				1,577,002				13,280,701
Debt instruments at FVOCI
Chilean Treasury bonds			-				-				-				-				-				492,370				191,906				684,276
Issued debt instruments
Senior bonds			-				-				-				-				315,999				-				-				315,999
Subordinated bonds			-				70,222				140,444				245,526				818,511				558,809				493,051				2,326,563
Interbank borrowings
Interbank loans			-				46,727				67,967				328,791				-				-				-				443,485
Total			-				662,696				2,771,969				2,573,768				6,703,372				2,077,260				2,261,959				17,051,024
Hedging instrument
Cross currency swaps			-				486,032				932,203				2,019,072				6,703,372				2,077,260				2,261,959				14,479,898
Currency forward			-				176,664				1,839,766				554,696				-				-				-				2,571,126
Total			-				662,696				2,771,969				2,573,768				6,703,372				2,077,260				2,261,959				17,051,024
		As of December 31, 2021
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Loans and accounts receivable at amortised cost
Mortgage loans			-				331,694				355,880				1,131,422				4,364,910				2,015,703				2,176,996				10,376,605
Debt instruments at FVOCI
Chilean Treasury bonds			-				-				-				-				-				532,190				209,411				741,601
Time deposits and other time liabilities
Time deposits			-				-				-				85,448				-				-				-				85,448
Issued debt instruments
Senior bonds (fixed rate)			-				85,448				-				480,736				738,135				793,713				638,581				2,736,613
Interbank borrowings
Interbank loans			-				42,724				-				256,344				-				-				-				299,068
Total			-				459,866				355,880				1,953,950				5,103,045				3,341,606				3,024,988				14,239,335
Hedging instrument
Cross currency swaps			-				221,147				235,537				1,033,671				5,103,045				3,341,606				3,024,988				12,959,994
Currency forwards			-				238,719				120,343				920,279				-				-				-				1,279,341
Total			-				459,866				355,880				1,953,950				5,103,045				3,341,606				3,024,988				14,239,335

Schedule of forecasted cash flows for interest rate risk

		As of December 31, 2022
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Inflows			-				-				4,267				4,627				-				-				-				8,894
Outflows			-				(288	)			(733	)			(5,993	)			(10,273	)			(5,063	)			(4,310	)			(26,660	)
Net flows			-				(288	)			3,534				(1,366	)			(10,273	)			(5,063	)			(4,310	)			(17,766	)
Hedging instrument
Inflows			-				-				(4,267	)			(4,627	)			-				-				-				(8,894	)
Outflows (*)			-				288				733				5,993				10,273				5,063				4,310				26,660
Net flows			-				288				(3,534	)			1,366				10,273				5,063				4,310				17,766

(*) Only includes cash flow forecast portion of the hedge instruments used to cover interest rate risk.

		As of December 31, 2021
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Inflows			-				-				-				-				-				-				-				-
Outflows			-				(86	)			-				(97	)			(11,819	)			(7,727	)			(5,619	)			(25,348	)
Net flows			-				(86	)			-				(97	)			(11,819	)			(7,727	)			(5,619	)			(25,348	)
Hedging instrument
Inflows			-				-				-				-				-				-				-				-
Outflows (*)			-				86				-				97				11,819				7,727				5,619				25,348
Net flows			-				86				-				97				11,819				7,727				5,619				25,348

Schedule of forecasted cash flows for inflation risk

		As of December 31, 2022
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Inflows			-				112,209				410,507				397,542				1,197,961				393,717				702,610				3,214,546
Outflows			-				(10,882	)			(24,505	)			(20,551	)			(98,565	)			(52,368	)			(52,297	)			(259,168	)
Net flows			-				101,327				386,002				376,991				1,099,396				341,349				650,313				2,955,378
Hedging instrument
Inflows			-				10,882				24,505				20,551				98,565				52,368				52,297				259,168
Outflows			-				(112,209	)			(410,507	)			(397,542	)			(1,197,961	)			(393,717	)			(702,610	)			(3,214,546	)
Net flows			-				(101,327	)			(386,002	)			(376,991	)			(1,099,396	)			(341,349	)			(650,313	)			(2,955,378	)

		As of December 31, 2021
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Inflows			-				29,673				69,969				124,365				756,915				611,335				824,048				2,416,305
Outflows			-				-				(1,722	)			(45,306	)			(40,278	)			(65,673	)			(45,406	)			(198,385	)
Net flows			-				29,673				68,247				79,059				716,637				545,662				778,642				2,217,920
Hedging instrument
Inflows			-				-				1,722				45,306				40,278				65,673				45,406				198,385
Outflows			-				(29,673	)			(69,969	)			(124,365	)			(756,915	)			(611,335	)			(824,048	)			(2,416,305	)
Net flows			-				(29,673				(68,247	)			(79,059	)			(716,637	)			(545,662	)			(778,642	)			(2,217,920	)

Schedule of forecasted cash flows for exchange rate risk

	As of December 31, 2022
		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedged item
Inflows			-				-				-				-				-				-				-				-
Outflows			-				(5,687	)			(4,281	)			(20,192	)			(6,784	)			(3,208	)			(1,606	)			(41,759	)
Net flows			-				(5,687	)			(4,281	)			(20,192	)			(6,784	)			(3,208	)			(1,606	)			(41,759	)
Hedging instrument
Inflows			-				-				-				-				-				-				-				-
Outflows			-				5,687				4,281				20,192				6,784				3,208				1,606				41,759
Net flows			-				5,687				4,281				20,192				6,784				3,208				1,606				41,759

Schedule of market adjustment of cash flow hedges generated by hedge instruments

		As of December 31,
Hedged item		2022				2021
		MCh$				MCh$
Interbank loans			(2,343	)			974
Time deposits and other time liabilities			-				(8,816	)
Issued debt instruments			415				21,701
Debt instruments at FVOCI			(22,571	)			(33,509	)
Loans and accounts receivable at amortised cost			(94,339	)			(353,931	)
Total			(118,838	)			(373,581	)

Schedule of other comprehensive income to income

		For the years ended December 31,
		2022				2021				2020
		MCh$				MCh$				MCh$
Bond hedging derivatives			(826	)			(3,248	)			(3,149	)
Interbank loans hedging derivatives			(4,762	)			(286	)			1
Mortgage loans hedging derivatives			(37,698	)			(22,160	)			-
Cash flow hedge net gain (loss)			(43,286	)			(25,694	)			(3,148	)

Schedule of macro-hedges

		Notional amount
As of December 31, 2022		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedge item
Loans and account receivable at amortised cost
Mortgage loans			-				-				-				-				576,481				-				558,470				1,134,951
Commercial loans			-				-				-				-				900,000				-				-				900,000
Total			-				-				-				-				1,476,481				-				558,470				2,034,951
Hedging instrument
Cross currency swaps			-				-				-				-				576,481				-				558,470				1,134,951
Interest rate swaps			-				-				-				-				900,000				-				-				900,000
Total			-				-				-				-				1,476,481				-				558,470				2,034,951
		Notional amount
As of December 31, 2021		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
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedge item
Loans and account receivable at amortised cost
Mortgage loans			-				-				9,298				573,347				-				-				412,190				994,835
Commercial loans			-				-				100,000				50,000				-				100,000				185,950				435,950
Total			-				-				109,298				623,347				-				100,000				598,140				1,430,785
Hedging instrument
Cross currency swaps			-				-				9,298				573,347				-				-				598,140				1,180,785
Interest rate swaps			-				-				100,000				50,000				-				100,000				-				250,000
Total			-				-				109,298				623,347				-				100,000				598,140				1,430,785

X

- References

No definition available.

+ Details

Name:	bsac_DisclosureOfBanksPortfolioOfDerivativeInstrumentsTableTextBlock
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	bsac_DisclosureOfDerivativeFinancialInstrumentsTextBlockAbstract
Namespace Prefix:	bsac_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure about cash flow hedged of notional amount.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfCashFlowHedgedOfNotionalAmountExplanatory
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure about cash flow hedges amount reclassified from other comprehensive income.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfCashFlowHedgesAmountReclassifiedFromOtherComprehensiveIncomeExplanatory
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	bsac_ScheduleOfForecastedCashFlowsForExchangeRateRiskTextBlock
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure about forecasted cash flows for inflation risk.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfForecastedCashFlowsForInflationRiskExplanatory
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure about forecasted cash flows for interest rate risk.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfForecastedCashFlowsForInterestRateRiskExplanatory
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure about hedged elements and hedge instruments under fair value hedges classified by term maturity.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfHedgedElementsAndHedgeInstrumentsUnderFairValueHedgesClassifiedByTermMaturityExplanatory
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of macrohedges.

+ References

No definition available.

+ Details

Name:	bsac_ScheduleOfMacrohedges
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	bsac_ScheduleOfMarketAdjustmentOfCashFlowHedgesGeneratedByHedgeInstrumentsTableTextBlock
Namespace Prefix:	bsac_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration