✨ Credit Exposure Regulations
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
1095
7 Peak end-of-day aggregate credit exposure
(1) For the purposes of clauses 5 and 6, 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 (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 overseas banking group’s equity as at the end of the quarter; or
(ii) the overseas 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.
8 Aggregate credit exposure
(1) The following information as at the 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 5(2):
(a) the total amount of credit exposure to those counterparties that have a credit rating that is of investment grade:
(b) the total amount of credit exposure to those counterparties that have a credit rating that is below investment grade:
(c) the total amount of credit exposure 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 those paragraphs.
(2) The following information as at the balance date and in respect of the individual non-bank counterparties, and groups of closely related counterparties of which a bank is not the parent, referred to in clause 6(2):
(a) the total amount of credit exposure to those counterparties that have a credit rating that is of investment grade:
(b) the total amount of credit exposure to those counterparties that have a credit rating that is below investment grade:
(c) the total amount of credit exposure 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 those paragraphs.
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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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Peak end-of-day aggregate credit exposure
(continued from previous page)
💰 Finance & RevenueCredit Exposure, Banking Regulations, Financial Disclosure, Risk Management
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Aggregate credit exposure
(continued from previous page)
💰 Finance & RevenueCredit Exposure, Banking Regulations, Financial Disclosure, Risk Management