3090 NEW ZEALAND GAZETTE No. 126

before deducting provisions for expected loss or provisions for diminution in asset value, and

(viii) the aggregate amount of Specific Provisions or provisions for diminution in asset value;

(ix) the aggregate amount of General Provisions (if any);

(b) information on movements in the balances of total Specific Provisions or provisions for diminution in asset value over the First Quarter Accounting Period or Third Quarter Accounting Period, for each of the Classes of assets set out in subparagraphs (i) to (v) of clause 2 (a) of this Schedule, separately disclosing, where Material:

(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) the information disclosed shall include comparative figures for the previous corresponding period;

(b) Credit Exposure information shall be calculated net of Specific Provisions, and shall exclude Credit Exposures to Connected Persons and any OECD Government.

3. The General Short Form Disclosure Statement shall disclose:

(a) the number of individual Bank Counterparties (not being members of a Group of Closely Related Counterparties) and Groups of Closely Related Counterparties of which a Bank is the parent;

(b) the number of individual non Bank Counterparties (not being members of a Group of Closely Related Counterparties) and Groups of Closely Related Counterparties of which a Bank is not the parent;

to whom the Banking Group has an aggregate Credit Exposure which equals or exceeds 10% of the Banking Group’s Equity:

(i) as at the Balance Date; and

(ii) in respect of peak end-of-day aggregate Credit Exposures for the First Quarter Accounting Period or the most recent quarter of the Third Quarter Accounting Period;

in successive ranges of 10% of Equity, commencing at 10% of Equity.

4. For the purposes of this Schedule, peak end-of-day aggregate Credit Exposure to each individual Counterparty or a Group of Closely Related Counterparties for the First Quarter Accounting Period or the most recent quarter of the Third Quarter Accounting Period shall be derived by determining the maximum end-of-day aggregate amount of Credit Exposure over the quarter, and then dividing that amount by:

(a) the Banking Group’s Equity as at the end of the quarter; or

(b) the Banking Group’s Equity at the date the maximum end-of-day aggregate amount of Credit Exposure occurred.

A Registered Bank shall state in the General Disclosure Statement which of the methods it has used to derive peak ratio information.

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. Information disclosed in accordance with this Schedule:

(a) shall be derived in accordance with the Conditions of Registration relating to Connected Persons; and

(b) shall include comparative figures for the previous corresponding period.

3. The General Short Form Disclosure Statement shall disclose the aggregate Credit Exposure of the Banking Group to:

(a) Connected Persons; and

(b) non-Bank Connected Persons;

expressed both as an amount and as a percentage of Tier One Capital:

(i) as at the Off Quarter Balance Date; and

(ii) in respect of peak Credit Exposures for the First Quarter Accounting Period or the most recent quarter of the Third Quarter Accounting Period.

The General Short Form Disclosure Statement shall contain a statement that the information on Credit Exposure to Connected Persons has been derived net of Specific Provisions, and gross of set-offs.

4. For the purposes of this Schedule, peak end-of-day aggregate Credit Exposure to Connected Persons for the First Quarter Accounting Period or the most recent quarter of the Third Quarter Accounting Period shall be derived by

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