Informe derivados financieros - Sistema Integrado de Información sobre transacciones de Derivados
Derivatives Market Report September 2025
This report has been prepared based on the data contained in the Financial Market Infrastructure "SIID-TR", which aims to contribute to the transparency of the financial derivatives market in Chile, for its Participants, regulators and the general public.
The document provides the summarized facts of the main markets of the banking sector, corresponding to Exchange Rate and Spot Derivatives, UF-Chilean Peso Derivatives and Derivatives on local interest rates (Swap Promedio Cámara).
This report is published on a monthly basis, with a 23-day lag from the month to be analyzed. In accordance with the established revision policy, together with the publication of a new month, the data for the three months prior to the month in question are reviewed.
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Overview by market
Spot and Derivative Foreign Exchange Markets
At the end of September 2025, banks recorded an outstanding amount in USD-CLP derivatives of US$375,456 million, of which 68.3% corresponded to Forward and FX swap instruments, and 31.4% to Cross Currency Swap. On the other hand, the net position of the banking sector was a buyer of dollars for US$5,852 million.
In particular, with non-resident counterparties, banks have outstanding NDF USD-CLP forwards for a net selling amount of US$7,885 million.
The total amount traded in the USD-CLP foreign exchange market, spot plus derivatives, was US$260,182 million, of which US$153,455 million corresponded to derivatives and US$106,728 million to spot market operations.
Swap promedio cámara nominal (Local IRS)
Banks maintained current operations of nominal interest swaps (SPC-CLP) for up to two years for CLP$616,656 billion. While, in net terms, its position was a variable interest rate buyer for $10,628 billion.
The volume traded in SPC-CLP for up to 2 years was CLP$118,757 billion.
UF / CLP Derivatives
In the UF-CLP forward of the local market, the banks had active operations for UF 3,278 million, ending the month with a net selling position of UF 641 million.
Banks transacted new operations for UF 346 million, of which UF 265 million were Interbank and UF 81 million with non-bank residents.
Finally, the average price of twelve-month interbank UF-CLP forwards (operations maturing in September 2026) was $40,697 per Unidad de Fomento.
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