The tournament was held in Santiago de Chile in 2010 and 2011 , previously it had already taken place in Viña del Mar from 2001 to 2009. Last year's individual winner, Tommy Robredo , was unable to defend his title due to injury. The title went to the top seeded Argentinian Juan Mónaco , who was able to assert himself in the final against his compatriot Carlos Berlocq in three sets .
The field of participants in the single competition consisted of 28 players, that of the doubles competition consisted of 16 pairs. The four top seeded players in the singles each got a bye into the second round.
The qualification took place from January 28th to 30th, 2012. Four qualifying places were played, which entitle them to participate in the main draw of the tournament.