4404

NEW ZEALAND GAZETTE

No. 135

(i) opening balance;
(ii) charge (credit) to the statement of financial performance for increase/decrease in Specific Provisions or provisions for diminution in asset value;
(iii) amounts written-off;
(iv) write-downs of Assets Acquired Through the Enforcement of Security;
(v) recoveries of provisions and write-offs charged in previous periods;
(vi) other movements, and the nature thereof;
(vii) closing balance;

with movements reconciled to the charges allocated to the statement of financial performance; and

(c) information on movements in the balance of the General Provision over the First Quarter Accounting Period or Third Quarter Accounting Period, separately disclosing, where Material:
(i) opening balance;
(ii) charge (credit) to the statement of financial performance for increase/decrease in the General Provision;
(iii) other movements, and the nature thereof;
(iv) closing balance;

with movements reconciled to the charges allocated to the statement of financial performance.

Fourth 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 First Quarter Accounting Period or the Third Quarter Accounting Period.

The General Short Form 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 First Quarter Accounting Period or the Third Quarter 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 First Quarter Accounting Period or Third Quarter Accounting Period, by calculating the ratio for each quarter in the First Quarter Accounting Period or Third Quarter 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 First Quarter Accounting Period or Third Quarter Accounting Period, the General Short Form 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 Off Quarter 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 First Quarter Accounting Period or Third Quarter Accounting Period, the General Short Form 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 Off Quarter Balance Date; and
   (b) in respect of peak end-of-day aggregate Credit Exposures since the commencement of the Accounting Period.

Fifth 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 First Quarter Accounting Period or the Third Quarter Accounting Period.

The General Short Form 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 Credit Exposure over the First Quarter Accounting Period or Third Quarter Accounting Period shall be measured as follows:
   (a) within each quarter, by determining the maximum aggregate end-of-day Credit Exposure during the quarter, and dividing that amount by the Banking Group’s Tier One Capital, as at the end of the quarter; and
   (b) for the First Quarter Accounting Period or Third