Something like a consumer price index or a wholesale price index, used by the banks to adjust the monthly payments of housing loans. I will check internet to see if I can find some references in English, but most probably in Spanish.

Hope this helps.

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Note added at 2003-01-09 19:26:15 (GMT)
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There are 98 references in English on the UF. Here are the first ten:
Your search: \"Unidad de Fomento\"+loans Search in: The Web | Directory | News

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Web Matches 1 - 20 of 98 | Next 20


CHILE\'S MORTGAGE MARKET (PDF) - ... Mortgage Bonds (Letras de Crédito, LCHR) Bank loans with terms ranging from 5 to 22 years Domestic currency indexed to Unidad de Fomento (Inflation indexed ...
http://www1.worldbank.org/finance/assets/images/Rosselot_sli...


Evaluation of CORFO\'s CUBOS-SME Program: 1991­1995 (PDF) - ... the reluctance of the authorities to guarantee external loans from multilat ... The DU or ``development unit\'\' ( unidad de fomento ) is a re- adjustable monetary ...
http://www.the-financier.com/finance/pv4n1p7.pdf


http://www.worldbank.org/wbi/banking/finsecpolicy/financefor... (MICROSOFT POWERPOINT) - ... Indexation on CPI: denomination mainly in UF (Unidad de Fomento). ... Old instrument revived in the mid-70ies, after the savings-and-loans crash and the ...
http://www.worldbank.org/wbi/banking/finsecpolicy/financefor... search within this site


World Bank Becomes First Foreign Issuer to Launch Bond in Chilean ... - ... These debt instruments are linked to the Unidad de Fomento (UF), the CPI index ... transactions, including time deposits, mortgages and corporate loans and bonds. ...
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:... 34424~theSitePK:4607,00.html search within this site


Amcham - ... A UF (\"Unidad de Fomento\") is a fixed quantity of pesos, which changes - almost always upward ... You pay off mortgages and other loans in the same way, the UF ...
http://www.amchamchile.cl/faq/uf.htm


Economic Data - ... CPI-Indexed Unit of Account Unidad de Fomento (UF) Central Bank of Chile, Chilean ... Average Interest Rates of the Financial System, Deposits and Loans In percent ...
http://www.bcentral.cl/Indicadores/eindicadores.htm search within this site


BIS Policy Papers - Monetary policy transmission: the Chilean ... (PDF) - ... as possible, an unremunerated reserve requirement on foreign loans and deposits ... The main instrument of indexation has been the Unidad de Fomento (UF) , whose ...
http://www.bis.org/publ/plcy03c.pdf search within this site


Securitization of Tourism Securitization of Tourism Related As ... (PDF) - ... Overview ! A-Loans (for IDB\'s own account) & B-Loans (for market participants) ! ... pricing). Same limitations as the A/B loans. ! ...
http://www.caribank.org/downloads/Panel5_KenroyDowers.pdf


The Concession (MICROSOFT POWERPOINT) - ... portfolios of mortgage, education, commercial and other types of loans may be ... insurance companies, paying a coupon of 6.02 percent (Unidad de Fomento), with a ...
http://www.iadb.org/exr/bs/0930/CAPMKT.ppt search within this site


Banco del Estado (PDF) - ... year-end rate, as follows: 2000 1999 Ch.$ Ch.$ Unidad de Fomento (UF) 15,769.92 ... agreements Transactions with resale agreements are recorded as loans at fixed ...
http://www.bancoestado.cl/financial/m_ingle/estados_ingles/S... search within this site