482 NEW ZEALAND GAZETTE, No. 21 23 FEBRUARY 2007

as at the Balance Date, and 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.

5. 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.

6. The General Disclosure Statement shall disclose the following information, as at the Balance Date, separately for
   counterparties referred to in subclause 4(a) of this Schedule, and separately for counterparties referred to in subclause 4(b) of
   this Schedule:

(a) the percentage and amount of aggregate Credit Exposure that is of an investment grade credit rating;
(b) the percentage and amount of aggregate Credit Exposure that is below an investment grade credit rating; and
(c) the percentage and amount of aggregate Credit Exposure that is not included in subclauses 6(a) or 6(b) of this
Schedule.

7. For the purposes of clause 6 of this Schedule:

(a) a credit rating shall mean a credit rating which meets all of the following criteria:

(i) in the case of a Group of Closely Related Counterparties, a credit rating which is applicable to the entity
heading the Group of Closely Related Counterparties; or in the case of an individual Counterparty (not being
a member of a Group of Closely Related Counterparties), a credit rating which is applicable to the individual
Counterparty;

(ii) a credit rating which is applicable to the relevant entity’s long term senior unsecured obligations payable in
New Zealand, in New Zealand dollars; or which is applicable to the relevant entity’s long term senior
unsecured foreign currency obligations;

(iii) a credit rating which has been given by a rating agency which has been approved by the Reserve Bank of
New Zealand under section 80 of the Act;

(b) where an entity has two or more credit ratings that meet all the criteria in subclause 7(a) of this clause and those
credit ratings are not the same, then the lower credit rating shall apply;

(c) an investment grade credit rating means a credit rating of BBB- or Baa3 or above, or its equivalent;

(d) in respect of the counterparties to which either subclause 4(a) or 4(b) relates, the percentage of aggregate Credit
Exposure shall be derived by:

(i) taking the aggregate Credit Exposure as at the Balance Date to each individual Counterparty (not being
members of a Group of Closely Related Counterparties) and to each Group of Closely Related
Counterparties and adding all those amounts;

(ii) taking the aggregate Credit Exposure as at the Balance Date to each individual Counterparty (not being
members of a Group of Closely Related Counterparties) and to each Group of Closely Related
Counterparties that meet the criteria specified in subclauses 6(a), 6(b), and 6(c) respectively, and adding all
the amounts in respect of each subclause;

(iii) dividing each sum derived in accordance with subclause 7(d)(ii) of this clause by the sum derived in
subclause 7(d)(i) of this clause, and representing this information as a percentage.

Fifth Schedule

Securitisation, Funds Management, Other Fiduciary Activities and the Marketing and Distribution of Insurance Products

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.

2A.
For the purposes of this Schedule, references to insurance products shall be understood to relate to insurance contracts
which constitute Insurance Business.

3. A statement of the nature of the Banking Group’s involvement in:

(a) trust, custodial, funds management, and other fiduciary activities established, marketed, and/or sponsored by a
member of the Banking Group;

(b) the origination of securitised assets, and in the marketing or servicing of securitisation schemes; and

(c) the marketing and distribution of insurance products.

4. A statement as to whether arrangements have been put in place to ensure that difficulties arising from the activities
   specified in clause 3 of this Schedule would not impact adversely on the Banking Group, and if so, the nature of those
   arrangements.

5. A statement of the amount as at the Balance Date represented by each of the activities specified in subclauses 3(a) and
   3(b) of this Schedule (where practicable, in the case of custodial activities), disclosed according to the nature of the activity.