The following table details the netting of these transactions:
| 12/31/2017 | 12/31/2016 | 12/31/2015 | |||||||||||||||||||
| Gross amount assets |
Gross amount liabilities |
Net amounts | Gross amount assets |
Gross amount liabilities |
Net amounts | Gross amount assets |
Gross amount liabilities |
Net amounts | |||||||||||||
| (a) | (b) | (c) = (a) + (b) | (a) | (b) | (c) = (a) + (b) | (a) | (b) | (c) = (a) + (b) | |||||||||||||
| Notes | MCh$ | MCh$ | MCh$ | MCh$ | MCh$ | MCh$ | MCh$ | MCh$ | MCh$ | ||||||||||||
| Derivatives with netting agreement | 127,293 | (96,942 | ) | 30,351 | 776,613 | (885,158 | ) | (108,545 | ) | — | — | — | |||||||||
| Derivatives without netting agreement | 1,121,482 | (998,212 | ) | 123,270 | 326,156 | (22,176 | ) | 303,980 | 227,984 | (253,183 | ) | (25,199 | ) | ||||||||
| Total Derivatives | 8 | 1,248,775 | (1,095,154 | ) | 153,621 | 1,102,769 | (907,334 | ) | 195,435 | 227,984 | (253,183 | ) | (25,199 | ) | |||||||
| Net guarantees delivered in compensation houses (*) | 78,097 | — | 78,097 | 56,818 | — | 56,818 | 724 | — | 724 | ||||||||||||
| Net guarantees delivered in bilateral agreements (**) | 15/20 | 88,520 | (79,589 | ) | 8,931 | 167,148 | (49,776 | ) | 117,372 | — | — | — | |||||||||
| Net guarantees | 166,617 | (79,589 | ) | 87,028 | 223,966 | (49,776 | ) | 174,190 | 724 | — | 724 | ||||||||||
| Derivatives net of guarantees | 1,169,186 | (928,537 | ) | 240,649 | 1,052,993 | (683,368 | ) | 369,625 | 227,984 | (252,459 | ) | (24,475 | ) | ||||||||
(*) Clearing Houses: centralized counterparties that play the counterparty role for all participants
(**) Bilateral agreements: contractual agreements between both parties for delivery of guarantees under certain conditions