✨ Banking Disclosure Requirements
27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1015
8 Peak credit exposure concentrations
(1) The following information for the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable):
(a) the number of individual non-bank counterparties or groups of closely related counterparties of which a bank is not the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the banking group’s equity, in successive ranges of 10% of the banking group’s equity:
(b) the number of individual bank counterparties or groups of closely related counterparties of which a bank is the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the banking group’s equity, in successive ranges of 10% of the banking group’s equity.
(2) The information disclosed under subclause (1) must be calculated using the methodology set out in Schedule 5.
(3) A statement that the information disclosed under subclause (1) excludes exposures to connected persons and to the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent.
9 Credit exposure to connected persons
(1) The following information for the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable):
(a) the peak end-of-day aggregate credit exposure (of a non-capital nature and net of individual credit impairment allowance) to connected persons expressed as an amount and as a percentage of tier one capital:
(b) the peak end-of-day aggregate credit exposure (of a non-capital nature and net of individual credit impairment allowance) to non-bank connected persons expressed as an amount and as a percentage of tier one capital.
(2) The information disclosed under subclause (1) must be calculated using the methodology for disclosing this information set out in Schedule 6.
(3) The following:
(a) a statement that the information required under subclause (1) is net of individual credit impairment allowance and excludes advances to connected persons of a capital nature:
(b) a statement whether the limits on aggregate credit exposure to connected persons and to non-bank connected persons in the registered bank’s conditions of registration have been complied with at all times over the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable):
(c) a statement of the nature and amount of any breaches of the limits referred to in paragraph (b).
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 40
Gazette.govt.nz —
NZ Gazette 2008, No 40
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & Revenue25 February 2008
Banking, Disclosure requirements, Credit exposure, Counterparties, Connected persons