New Zealand Gazette – 2005 – No. 35

Page 946

✨ Banking Disclosure Regulations



946

NEW ZEALAND GAZETTE, No. 35

11 FEBRUARY 2005

(i) the gross amount of monetary assets and monetary liabilities set-off;
(ii) the nature of the risk attaching to the assets and liabilities set-off;
(iii) the revenues and expenses relating to the assets and liabilities set-off.

The disclosures required by this subclause 8 (d) are subject to a Materiality criterion.

The disclosure requirements of this subclause shall be interpreted in accordance with the provisions of FRS-27: Right of Set-Off;

(e) where an entity is party to an agreement to set-off assets and liabilities under certain circumstances in the future, and the set-off meets the set-off criteria described in NZ IAS 32, details of the assets and liabilities subject to the future right of set-off.

The disclosures required by this subclause 8 (e) are subject to a Materiality criterion.

Second Schedule

The Size and Nature of Business of the Registered Bank and Banking Group

The General Disclosure Statement shall contain the information specified below, in such format as the Registered Bank determines, derived in accordance with the Reserve Bank document entitled Capital Adequacy Framework (BS2) as amended from time to time, in respect of the Registered Bank and the Banking Group as at the Balance Date.

Risk Weighted Exposures

(1) Calculation of Balance Sheet Exposures

Amount Risk Weight Risk Weighted Exposure
Cash and short term claims on Government 0%
Long term claims on Government 10%
Claims on banks 20%
Claims on public sector entities 20%
Residential mortgages 50%
Other 100%
Total assets

(2) Calculation of Off-Balance Sheet Exposures

Amount Credit Conversion Factor Credit Equivalent Amount Average Counterparty Risk Weight Risk Weighted Exposure
Direct credit substitutes 100%
Asset sales with recourse 100%
Commitments with certain drawdown 100%
Underwriting and sub-underwriting facilities 50%
Transaction related contingent items 50%
Short term, self liquidating trade related contingencies 20%
Other commitments to provide financial services which have an original maturity of 1 year or more 50%
Other commitments with an original maturity of less than 1 year or which can be unconditionally cancelled at any time 0%
Market related contracts¹ N/A
(a) Foreign exchange contracts
(b) Interest rate contracts
(c) Other
Total 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.

  1. 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



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 35


Gazette.govt.nz — PDF NZ Gazette 2005, No 35




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement (Full and Half-Year—Overseas Incorporated Registered Banks) Order 2005 (continued from previous page)

💰 Finance & Revenue
Banking, Disclosure Statements, Overseas Banks, Regulations, Financial Disclosures, Risk Management, Profitability, Capital Adequacy, Asset Quality, Credit Exposure, Guarantee Arrangements, Directorate, Auditors