✨ Financial Regulations
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
1043
parent to which the banking group has an aggregate credit
exposure that equals or exceeds 10% of the banking group’s
equity.
5 Large non-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 non-bank counterparties (which are
not members of a group of closely related counterparties) and
groups of closely related counterparties of which a bank is not
the parent to which the banking group has an aggregate credit
exposure that equals or exceeds 10% of the banking group’s
equity.
6 Peak end-of-day aggregate credit exposure
For the purposes of clauses 4 and 5, peak end-of-day aggregate
credit exposure to each individual counterparty or a group of
closely related counterparties for the first quarter accounting
period or the most recent quarter of the third quarter accounting
period (as applicable) is derived by—
(a) determining the maximum end-of-day aggregate amount
of credit exposure over the quarter; and
(b) then dividing that amount by—
(i) the banking group’s equity as at the end of the
quarter; or
(ii) the banking group’s equity at the date the
maximum end-of-day aggregate amount of
credit exposure occurred.
(2) A statement of the method used to derive peak ratio
information.
7 Aggregate credit exposure
(1) The following information as at the off-quarter balance date
and in respect of the individual bank counterparties, and groups
of closely related counterparties of which a bank is the parent,
referred to in clause 4(2):
(a) the total amount of credit exposures to those
counterparties that have a credit rating that is of
investment grade:
(b) the total amount of credit exposures to those
counterparties that have a credit rating that is below
investment grade:
(c) the total amount of credit exposures to those
counterparties that do not have a credit rating:
(d) the percentage each of the amounts referred to in
paragraphs (a) to (c) represents in relation to the
aggregate of the amounts referred to in paragraphs (a) to
(c).
Next Page →
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
(continued from previous page)
💰 Finance & RevenueCredit exposure, Banking group, Disclosure requirements, Internal limits, Comparative figures, Credit rating, Investment grade, Large exposures