28 AUGUST
NEW ZEALAND GAZETTE
3065

or, if no such address exists, its principal office or principal place of business outside New Zealand.

‘Aggregate Equity Exposure’ means the aggregate amount of Equity Exposure to all currencies.

‘Aggregate Foreign Currency Exposure’ means the aggregate amount of Foreign Currency Exposure to all currencies other than New Zealand dollars.

‘Aggregate Interest Rate Exposure’ means the aggregate amount of Interest Rate Exposure to all currencies.

‘Aggregate Market Risk Exposure’ means exposure to all, or any, of Aggregate Equity Exposure, Aggregate Foreign Currency Exposure and Aggregate Interest Rate Exposure.

‘Asset Acquired Through the Enforcement of Security’ has the same meaning as in FRS-33, as amended from time to time.

‘Balance Date’ means the last day of an Accounting Period or Interim Accounting Period.

‘Bank’ means a Registered Bank or an Overseas Bank.

‘Banking Group’ means the Financial Reporting Group but where the Reserve Bank has, by notice in writing to the Registered Bank, after consultation with the Registered Bank, agreed to or required the inclusion or exclusion of any entity or any part of any entity, as the case may be.

‘Capital’ in relation to:

(a) an Overseas Bank or Overseas Banking Group, means the amount of capital held by the Overseas Bank or Overseas Banking Group, determined in accordance with the requirements of the authority having the power to impose minimum capital requirements on that Overseas Bank or Overseas Banking Group in its country of domicile;

(b) a Banking Group, means the amount of capital held by the Banking Group, determined in accordance with the Conditions of Registration.

‘Commodity Instrument’ has the same meaning as in FRS-33, as amended from time to time.

‘Company’ has the same meaning as in section 2 of the Companies Act 1993, and includes an overseas company within the meaning of section 2 of the Companies Act 1993.

‘Conditions of Registration’ in relation to a Registered Bank means the conditions of registration imposed on that Registered Bank by the Reserve Bank pursuant to section 74 of the Act.

‘Connected Person’ has the same meaning as in the Conditions of Registration.

‘Counterparty’ has the same meaning as in FRS-33, as amended from time to time.

‘Credit Exposure’ means the amount of the maximum loss that a party to a contract could incur as a result of the Counterparty to that contract failing to discharge its obligations, without taking into account the value of collateral, guarantees, indemnities, other support arrangements, and any potential recoveries, where the maximum loss in relation to:

(a) a market related contract means the credit equivalent amount of the contract determined in accordance with the Reserve Bank document entitled Capital Adequacy Framework (BS2) as amended from time to time;

(b) any other contract means the full value of the contract;

provided that, for the purposes of this definition, a

Financial Liability and a Financial Asset may be offset if to do so would accord with generally accepted accounting practice as defined in the Financial Reporting Act 1993.

‘Credit Risk’ has the same meaning as in FRS-33, as amended from time to time.

‘Currency Risk’ has the same meaning as in FRS-33, as amended from time to time.

‘Debt Security’, in relation to a Registered Bank, means any interest in or right to be paid money that is, or is to be, deposited with, lent to, or otherwise owing by, that Registered Bank (whether or not the interest or right is secured by a charge over any property).

‘Director’ means a person holding office as a director of the Registered Bank.

‘Direct Banking Account’ means a bank account held at a branch that is not normally physically accessible by the customers of that branch.

‘Disclosure Statement’, in relation to a Registered Bank, means a document Published by that Registered Bank under sections 81 or 83 of the Act which shall comprise a General Disclosure Statement, Key Information Summary and Supplemental Disclosure Statement.

‘Equity’ has the same meaning as in the Institute of Chartered Accountants of New Zealand Statement of Concepts for General Purpose Financial Reporting.

‘Equity Exposure’ means the amount of the change in the economic value of equity instruments that are Financial Assets and Financial Liabilities of the Banking Group in a single currency, which would occur as a result of a change in the price of equity instruments in that currency.

‘Equity Risk’ means the risk arising from changes in the prices of equity instruments.

‘Fair Value’ has the same meaning as in FRS-33, as amended from time to time.

‘Financial Asset’ has the same meaning as in FRS-33, as amended from time to time.

‘Financial Instrument’ has the same meaning as in FRS-33, as amended from time to time.

‘Financial Liability’ has the same meaning as in FRS-33, as amended from time to time.

‘Financial Reporting Group’ means a Registered Bank (as reporting entity) and all other entities included in the group as that term is defined in section 2 (1) of the Financial Reporting Act 1993.

‘First Quarter Accounting Period’ means the first three month period of an Accounting Period.

‘Foreign Currency Exposure’ means the amount of the change in the economic value of the Financial Assets and Financial Liabilities of the Banking Group in a single foreign currency which would occur as a result of a change in the rate of exchange applicable to that foreign currency.

‘General Disclosure Statement’ means that part of a Disclosure Statement which contains the information prescribed in Part III and Part IV of this Order.

‘General Provision’ has the same meaning as in FRS-33, as amended from time to time.

‘Group of Closely Related Counterparties’ has the same meaning as in FRS-33, as amended from time to time.

‘Immediate Relative’, in relation to any person, means their spouse or any person who lives with that person as their spouse, whether or not married, and any parent, brother, sister or child, in each case whether or