17 NOVEMBER
NEW ZEALAND GAZETTE
4393

5. The General Disclosure Statement shall contain the information specified below, derived in accordance with the Conditions of Registration relating to capital adequacy and the Reserve Bank document entitled “Capital Adequacy Framework” (BS2) as amended from time to time, in respect of the capital adequacy ratios of the Registered Bank and the Banking Group, as at the Balance Date:

(a) Tier One Capital expressed as a percentage of risk weighted exposures; and

(b) Capital expressed as a percentage of risk weighted exposures.

6. Where the Registered Bank is a Subsidiary of an Ultimate Parent Bank:

(a) the General Disclosure Statement shall contain the most recent publicly available information specified below in respect of the Ultimate Parent Bank and the Ultimate Parent Bank group:

(i) Tier One Capital expressed as a percentage of risk weighted exposures;

(ii) Capital expressed as a percentage of risk weighted exposures; and

(iii) the date to which the measures of Tier One Capital and Capital relate;

(b) the General Disclosure Statement shall contain a statement as to:

(i) whether the Ultimate Parent Bank or Ultimate Parent Bank group is required by the appropriate banking supervisory authority in its country of domicile to hold minimum Capital at least equal to that specified under the Basle framework; and

(ii) to the extent that the information is publicly available, whether the Ultimate Parent Bank or Ultimate Parent Bank group meets those requirements imposed on it by the appropriate banking supervisory authority in its country of domicile as at the latest Balance Date.

Third Schedule

Concentration of Credit Exposures to Individual Counterparties

1. For the purposes of this Schedule, Credit Exposure information shall be disclosed either on the basis of:

(a) actual Credit Exposures; or

(b) internal limits, provided that those limits were not Materially exceeded during the Accounting Period or the Interim Accounting Period.

The General Disclosure Statement shall state the method used.

2. For the purposes of this Schedule:

(a) information disclosed shall be in respect of the Banking Group; and

(b) Credit Exposures shall be calculated net of Specific Provisions.

3. Credit Exposures to any OECD Government and Connected Persons are not to be included in the Credit Exposure information required to be disclosed pursuant to this Schedule.

4. The information required to be disclosed pursuant to clauses 6 and 8 of this Schedule shall include comparative figures for the previous corresponding period.

5. For the purposes of this Schedule, peak end-of-day aggregate Credit Exposures to each individual Counterparty or a Group of Closely Related Counterparties over the Interim Accounting Period or the Accounting Period shall be measured as follows:

(a) within each quarter, by determining the maximum end-of-day aggregate Credit Exposures over the quarter, and dividing that amount by the Banking Group’s Equity as at the end of the quarter; and

(b) for the Accounting Period or Interim Accounting Period, by calculating the ratio for each quarter in the Accounting Period or Interim Accounting Period pursuant to clause 5(a) of this Schedule and then taking the maximum of such ratios.

6. Where aggregate Credit Exposure to any individual Bank Counterparty or a Group of Closely Related Counterparties of which a Bank is the parent equals or exceeds 10% of the Banking Group’s Equity over the Interim Accounting Period or Accounting Period, the General Disclosure Statement shall disclose the number of those Counterparties, in successive ranges of 10% of Equity, commencing at 10% of Equity.

7. The information required to be disclosed pursuant to clause 6 of this Schedule shall be made:

(a) as at the Balance Date; and

(b) in respect of peak end-of-day aggregate Credit Exposures since the commencement of the Accounting Period.

8. Where aggregate Credit Exposure to any individual non Bank Counterparty or a Group of Closely Related Counterparties of which a Bank is not the parent equals or exceeds 10% of the Banking Group’s Equity over the Interim Accounting Period or Accounting Period, the General Disclosure Statement shall disclose the number of those Counterparties, in successive ranges of 10% of Equity, commencing at 10% of Equity.

9. The information required to be disclosed pursuant to clause 8 of this Schedule shall be made:

(a) as at the Balance Date; and

(b) in respect of peak end-of-day aggregate Credit Exposures since the commencement of the Accounting Period.

Fourth Schedule

Credit Exposures to Connected Persons

1. For the purposes of this Schedule, Credit Exposure information shall be disclosed either on the basis of:

(a) actual Credit Exposures; or

(b) internal limits, provided that those limits were not Materially exceeded during the Accounting Period or the Interim Accounting Period.

The General Disclosure Statement shall state the method used.

2. For the purposes of this Schedule:

(a) information disclosed shall be in respect of the Banking Group; and

(b) Credit Exposures to Connected Persons shall be calculated net of Specific Provisions and gross of set-offs.

3. The information required to be disclosed pursuant to clauses 6, 8 and 9 of this Schedule shall include comparative figures for the previous corresponding period.

4. The information required to be disclosed pursuant to clauses 6, 8 and 9 of this Schedule shall be derived in accordance with the Conditions of Registration relating to Connected Persons.

5. For the purposes of this Schedule, peak end-of-day