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Other Liabilities

12 Months Ended

Dec. 31, 2023

Other Liabilities [Abstract]

OTHER LIABILITIES

NOTE 20 - 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.