XML 90 R63.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Financial Liabilities for Trading at Fair Value through Profit or Loss (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Financial Liabilities for Trading at Fair Value through Profit or Loss [Abstract] |
Schedule of Financial Liability Trading | A financial liability is held for trading if it is incurred principally for the purpose of repurchasing it in the near term or it is a derivative. The Bank only has derivatives under this classification, whose purpose is to hedge the exchange rate and interest rate risk related to future obligations.
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Financial derivative contracts |  |  |  |  |  |
Forwards |  |  | 1,258,352 |  |  |  | 1,818,024 |
Swaps |  |  | 8,255,283 |  |  |  | 9,497,035 |
Call Options |  |  | 2,726 |  |  |  | 2,794 |
Put Options |  |  | 5,214 |  |  |  | 1,467 |
Total |  |  | 9,521,575 |  |  |  | 11,319,320 |
Schedule of the Bank holds Portfolio of Financial Liabilities | As of December 31, 2023 and 2022 the Bank holds the following portfolio of financial liabilities derivative contracts:
|  | As of December 31, 2023 |
|  | Notional amount |
|  | On 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 |  |  | - |  |  |  | 15,424,586 |  |  |  | 11,104,328 |  |  |  | 15,247,865 |  |  |  | 3,947,215 |  |  |  | 1,408,304 |  |  |  | 2,072,624 |  |  |  | 49,204,922 |  |  |  | 1,258,352 |
Interest rate swaps |  |  | - |  |  |  | 5,149,926 |  |  |  | 15,399,286 |  |  |  | 19,835,190 |  |  |  | 18,565,396 |  |  |  | 7,666,659 |  |  |  | 11,349,882 |  |  |  | 77,966,339 |  |  |  | 1,940,320 |
Cross currency swaps |  |  | - |  |  |  | 1,915,707 |  |  |  | 4,813,848 |  |  |  | 22,440,782 |  |  |  | 48,295,676 |  |  |  | 20,620,952 |  |  |  | 44,005,979 |  |  |  | 142,092,944 |  |  |  | 6,314,963 |
Call currency options |  |  | - |  |  |  | 192,051 |  |  |  | 81,368 |  |  |  | 10,799 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 284,218 |  |  |  | 2,726 |
Put currency options |  |  | - |  |  |  | 6,518 |  |  |  | 147,329 |  |  |  | 157,779 |  |  |  | 36,650 |  |  |  | - |  |  |  | - |  |  |  | 348,276 |  |  |  | 5,214 |
Total |  |  | - |  |  |  | 22,688,788 |  |  |  | 31,546,159 |  |  |  | 57,692,415 |  |  |  | 70,844,937 |  |  |  | 29,695,915 |  |  |  | 57,428,485 |  |  |  | 269,896,699 |  |  |  | 9,521,575 |
|  | As of December 31, 2022 |
|  | Notional amount |
|  | On 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 |  |  | - |  |  |  | 10,130,103 |  |  |  | 7,474,471 |  |  |  | 10,559,457 |  |  |  | 4,725,547 |  |  |  | 1,913,113 |  |  |  | 2,034,929 |  |  |  | 36,837,620 |  |  |  | 1,818,024 |
Interest rate swaps |  |  | - |  |  |  | 4,042,822 |  |  |  | 9,226,258 |  |  |  | 26,018,228 |  |  |  | 25,470,384 |  |  |  | 11,344,275 |  |  |  | 15,274,620 |  |  |  | 91,376,587 |  |  |  | 3,935,401 |
Cross currency swaps |  |  | - |  |  |  | 726,140 |  |  |  | 1,580,644 |  |  |  | 5,192,387 |  |  |  | 18,051,948 |  |  |  | 10,879,098 |  |  |  | 20,229,246 |  |  |  | 56,659,463 |  |  |  | 5,561,634 |
Call currency options |  |  | - |  |  |  | 289,795 |  |  |  | 70,941 |  |  |  | 10,365 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 371,101 |  |  |  | 2,794 |
Put currency options |  |  | - |  |  |  | 68,099 |  |  |  | 11,304 |  |  |  | 27,612 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 107,015 |  |  |  | 1,467 |
Total |  |  | - |  |  |  | 15,256,959 |  |  |  | 18,363,618 |  |  |  | 41,808,049 |  |  |  | 48,247,879 |  |  |  | 24,136,486 |  |  |  | 37,538,795 |  |  |  | 185,351,786 |  |  |  | 11,319,320 |

X
- References No definition available. + Details
Name: | bsac_FinancialLiabilitiesforTradingatFairValuethroughProfitorLossTablesLineItems
Namespace Prefix: | bsac_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about the terms and conditions of hedging instruments and how they affect future cash flows. [Refer: Hedging instruments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 23A -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_23A&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration