New Zealand Gazette – 2008 – No. 40

Page 1046

✨ Financial Disclosure Requirements



1046

NEW ZEALAND GAZETTE, No. 40

27 FEBRUARY 2008

4 Peak end-of-day aggregate exposure

(1) For the purposes of this schedule, peak end-of-day aggregate credit exposure to connected persons for the first 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 tier one capital as at the end of the quarter; or

(ii) the banking group’s tier one capital 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.

5 Rating-contingent limit

The following information:

(a) the rating-contingent limit that applies to the banking group as at the off-quarter balance date:

(b) a statement whether any limit changes have occurred over the most recent quarter, and if so, the nature of those changes, and the dates on which they occurred:

(c) a statement that, within the overall rating-contingent limit, there is a sub-limit of 15% of tier one capital that applies to the aggregate credit exposure to non-bank connected persons.

6 Additional requirements for aggregate credit exposure to connected persons

(1) A statement whether aggregate credit exposure to connected persons has been calculated on a gross or a bilateral net basis.

(2) If any part of the calculation has been undertaken on a bilateral net basis, then the following additional information:

(a) in respect of aggregate credit exposure to connected persons as at the off-quarter balance date, and in respect of peak end-of-day aggregate credit exposure to connected persons over the most recent quarter—

(i) the gross amount, as a percentage of tier one capital, before any netting has taken place; and

(ii) the amount, as a percentage of tier one capital, that has been netted off in determining the net exposure:

(b) a statement that there is a limit of 125% of banking group tier one capital in respect of the gross amount of aggregate credit exposure to connected persons that can be netted off in determining the net exposure:

(c) a statement that the registered bank’s most recent supplemental disclosure statement contains—

(i) a copy of the bilateral netting agreement; and

(ii) if an industry standard agreement is not used, a copy of the advice from an independent third


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 40


Gazette.govt.nz — PDF NZ Gazette 2008, No 40




✨ LLM interpretation of page content

💰 Schedule 6: Credit Exposures to Connected Persons (continued from previous page)

💰 Finance & Revenue
Credit exposure, Connected persons, Banking group, Disclosure requirements, Comparative figures, Credit impairment allowances, Peak end-of-day aggregate exposure, Rating-contingent limit, Bilateral netting