28 AUGUST

NEW ZEALAND GAZETTE

(2) Calculation of Off-Balance Sheet Exposures

¹Specify whether the current exposure or original exposure method was used to calculate the credit equivalent amount on these contracts.

Third Schedule

Capital Adequacy of the Overseas Bank and Overseas Banking Group

1. The information required to be disclosed pursuant to clause 2 of this Schedule shall include comparative figures for the previous corresponding period, where that information is publicly available.

2. The General Disclosure Statement shall contain the most recent publicly available information specified in respect of the capital adequacy ratios of the Overseas Bank and the Overseas Banking Group:
   (a) Tier One Capital expressed as a percentage of risk weighted exposures;
   (b) Capital expressed as a percentage of risk weighted exposures; and
   (c) the date to which the measures of Tier One Capital and Capital relate.

3. The General Disclosure Statement shall contain a statement as to:
   (a) whether the Overseas Bank or Overseas Banking 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 Basel framework; and
   (b) whether the Overseas Bank or Overseas Banking Group meets those requirements imposed on it by the appropriate banking supervisory authority in its country of domicile as at the latest Balance Date.

4. For the purposes of this Schedule, the Overseas Banking Group’s Equity shall be either that group’s Equity determined as at the Balance Date, or the most recently publicly disclosed amount. Where the Overseas Banking Group’s Equity is not determined as at the Balance Date, the General Disclosure Statement shall state the date to which the measure of Equity relates.

5. The General 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; and
   (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 Overseas Banking Group’s Equity:
   (i) as at the Balance Date; and
   (ii) in respect of peak end-of-day aggregate Credit Exposures for the most recent quarter of the Accounting Period or Interim Accounting Period;
   in successive ranges of 10% of Equity, commencing at 10% of Equity.

6. 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 most recent quarter of the Interim Accounting Period or the 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 Overseas Banking Group’s Equity as at the end of the quarter; or
   (b) the Overseas 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 these methods it has used to derive peak ratio information.

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 Accounting Period or the Interim Accounting Period.

   The General 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:
   (i) relate only to exposures held in the financial records of the Banking Group;
   (ii) be calculated net of Specific Provisions; and
   (iii) exclude Credit Exposures to any OECD Government.

Fifth Schedule

Securitisation, Funds Management, and other Fiduciary Activities

1. The General Disclosure Statement shall contain the information required to be disclosed pursuant to clauses 3 to 5 of this Schedule in respect of the Banking Group.

2. The information required to be disclosed pursuant to clause 5 of this Schedule shall include comparative figures for the previous corresponding period.