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Other Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2023
Other Liabilities [Abstract] |
Schedule of Other Liabilities | The other liabilities line item is as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Accounts and notes payable |  |  | 312,882 |  |  |  | 405,878 |
Income received in advance |  |  | 777 |  |  |  | 901 |
Macro-hedge valuation adjustment (1) |  |  | 68,781 |  |  |  | 85,725 |
Guarantees received (margin accounts) (2) |  |  | 1,081,226 |  |  |  | 1,017,968 |
Broker dealer and simultaneous transactions |  |  | 36,819 |  |  |  | 265,793 |
Withholding VAT |  |  | 44,861 |  |  |  | 36,814 |
Accounts payable insurance companies |  |  | 7,869 |  |  |  | 10,893 |
In-progress operations |  |  | 18,191 |  |  |  | 21,918 |
Deferred income |  |  | 1,902 |  |  |  | 5,453 |
Other liabilities |  |  | 110,346 |  |  |  | 190,339 |
Total |  |  | 1,683,654 |  |  |  | 2,041,682 |
(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.

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