✨ Credit Exposure Disclosure Requirements
1042
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
Schedule 5
Concentration of credit exposures to individual counterparties
Contents
| Page |
|---|
| 1 Credit exposure information: general requirements................................. 1042 |
| 2 Calculation of credit exposure information.............................................. 1042 |
| 3 Comparative figures................................................................................. 1042 |
| 4 Large bank exposures .............................................................................. 1042 |
| 5 Large non-bank exposures ....................................................................... 1043 |
| 6 Peak end-of-day aggregate credit exposure ............................................. 1043 |
| 7 Aggregate credit exposure ....................................................................... 1043 |
| 8 Meaning of credit rating........................................................................... 1044 |
| 9 Meaning of investment grade credit rating .............................................. 1044 |
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1 Credit exposure information: general requirements
(1) In this schedule, credit exposure information must be disclosed on the basis of—
(a) actual credit exposures; or
(b) internal limits that were not materially exceeded during the first quarter accounting period or the third quarter accounting period (as applicable).
(2) A statement of the method used for disclosing the credit exposure information required by this schedule.
2 Calculation of credit exposure information
The credit exposure information required by this schedule must—
(a) be calculated as the amount that best represents the banking group’s maximum exposure to credit risk taking account of the guidance in paragraphs B9 and B10 of NZ IFRS 7; and
(b) exclude credit exposures to connected persons; and
(c) exclude credit exposures to the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent.
3 Comparative figures
The information that is required to be disclosed under this schedule must include comparative figures for the previous corresponding period.
4 Large bank exposures
(1) The information in subclause (2) in successive ranges of 10% of equity, commencing at 10% of equity—
(a) as at the off-quarter balance date; and
(b) in respect of peak end-of-day aggregate credit exposure for the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable).
(2) The number of individual bank counterparties (which are not members of a group of closely related counterparties) and groups of closely related counterparties of which a bank is the
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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
💰 Schedule 5: Concentration of Credit Exposures to Individual Counterparties
💰 Finance & RevenueCredit exposure, Banking group, Disclosure requirements, Internal limits, Comparative figures, Credit rating, Investment grade, Large exposures