Informe derivados financieros - Sistema Integrado de Información sobre transacciones de Derivados
Derivatives Market Report January 2026
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.
→ Derivatives Market Monthly Monitor
Overview by market
Spot and Derivative Foreign Exchange Markets
At the end of January 2026, banks recorded outstanding USD-CLP derivatives for a net amount of US$5,899 million (Dec: US$5,074 million), highlighting a reduction in the selling position to Non-Residents to US$13,810 million (Dec: US$15,560 million).
In the USD-CLP spot market, banks made net purchases from third parties for US$2,079 million (Dec: US$1,998 million), mainly from non-residents and real sector companies.
Swap promedio cámara nominal (Local IRS)
In Swap promedio cámara nominal (Local IRS) of up to two years, the net outstanding amount of banks was a variable interest rate buyer of $3.015 billion (Dec: -$6.118 billion), composed of a purchase position to Non-Residents of $21.267 billion and a sale position to Non-Bank Residents of $18.252 billion.
UF / CLP Derivatives
In the local inflation forward market, banks reached a net selling current amount with their non-bank resident counterparts of UF 700 million (Dec: UF 688 million).
On the other hand, the average price of twelve-month interbank UF-CLP forwards (operations maturing in January 2027) was $40,858 per Development Unit.
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