New Zealand Gazette – 2007 – No. 21

Page 455

✨ Banking Regulations



23 FEBRUARY 2007

NEW ZEALAND GAZETTE, No. 21

455

(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
Risk Weighted Exposures

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

  1. The General Short Form Disclosure Statement shall contain the information specified below, derived in accordance with the Conditions of Registration relating to capital adequacy and the Reserve Bank document entitled Capital Adequacy Framework (BS2) as amended from time to time, in respect of the capital adequacy ratios of the Banking Group as at the Off-Quarter Balance Date:

(a) Tier One Capital expressed as a percentage of risk weighted exposures; and

(b) Capital expressed as a percentage of risk weighted exposures.

Third Schedule

Asset Quality

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

  2. The General Short Form Disclosure Statement shall contain, in respect of the Banking Group as at the Off-Quarter Balance Date, the following information:

(a) in respect of the following classes of assets:

(i) Non-Accrual Assets;

(ii) Restructured Assets;

(iii) Real Estate Assets Acquired Through the Enforcement of Security;

(iv) Other Assets Acquired Through the Enforcement of Security;

(v) Past Due Assets;

(va) Other Assets Under Administration;

the following information:

(vi) the aggregate amount which has been recognised; and

(vii) the aggregate amount which has not been recognised;

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 (va) of clause 2(a) of this Schedule, separately disclosing:

(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:



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 21


Gazette.govt.nz — PDF NZ Gazette 2007, No 21




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2007 (continued from previous page)

💰 Finance & Revenue
Banking Regulations, Disclosure Statement, Financial Reporting, Reserve Bank of New Zealand, Off-Quarter Reporting, Banking Compliance, Financial Transparency, Banking Group, Capital Adequacy, Risk Management