NEW ZEALAND GAZETTE

No. 126

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 the New Zealand Business of all the members of the Group (as that term is defined in section 2(1) of the Financial Reporting Act 1993) that comprises a reporting entity that is the Overseas Bank and its subsidiaries, as if the members of the group were companies formed and registered in New Zealand.

‘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 not adoptive, of that person or of their spouse or person who lives with that person as their spouse.

‘Impaired Asset’ means a Non-Accrual Asset, a Restructured Asset, or an Asset Acquired Through the Enforcement of Security.

‘Interest Rate Exposure’ means the amount of the change in the economic value of the Financial Assets (excluding equity instruments) and Financial Liabilities (excluding equity instruments) of the Banking Group in a single currency which would occur as a result of a change in interest rates in that currency.

‘Interest Rate Repricing Date’, as that term applies to a Financial Instrument or to a proportion of a Financial Instrument, means the earlier of the date on which, in accordance with the terms of the Financial Instrument:

(a) the interest rate reset date next occurs (being the date on which the rate of interest payable in respect of the Financial Instrument can or will alter); or

(b) the principal sum is due and payable or, where no principal sum is due and payable, the maturity date occurs.

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

‘Interim Accounting Period’ means the first six month period of an Accounting Period.

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

‘Issuer’ has the same meaning as in the Financial Reporting Act 1993.

‘Key Information Summary’ means that part of a Disclosure Statement which contains the information prescribed in Part II of this Order.

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

‘Material’ has the meaning given to it by generally accepted accounting practice, or, where generally accepted accounting practice does not apply, means a statement, fact, or item which is of such a nature or amount that its inclusion or omission, or the method of treating its disclosure, would be likely to influence a reasonable user of the Disclosure Statement.

‘New Zealand Business’ means all business, operations, or undertakings conducted in or from New Zealand.

‘Non-Accrual Asset’ means any Credit Exposure for which it is probable that the Registered Bank or a member of the Banking Group will not be able to collect all amounts owing in accordance with the terms of the contract with the Counterparty.

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

‘OECD Government’ means the central government of any of the countries specified in the list of OECD countries contained in Appendix One to the Reserve Bank document entitled “Capital Adequacy Framework” (BS2), as amended from time to time.

‘Off Quarter Balance Date’ means the last day of a First Quarter Accounting Period or Third Quarter Accounting Period.

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

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

‘Overseas Bank’ means a financial institution incorporated outside New Zealand which has been authorised, registered, or licensed as a bank in its country of domicile by the appropriate banking supervisory authority and, unless the context otherwise requires, is the bank of which the Registered Bank is the New Zealand branch.

‘Overseas Banking Group’ means an Overseas Bank and all other entities included in the group for the purposes of public reporting of group financial statements in the country of domicile of the Overseas Bank.

‘Past Due Asset’ means any Credit Exposure which has not been operated by the Counterparty within its key terms for at least 90 days and which is not an Impaired Asset.

‘Premises’ means any staffed premises of the Registered Bank.