New Zealand Gazette – 2008 – No. 40

Page 1135

✨ Banking Regulations



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1135

Schedule 5

Concentration of credit exposures to individual counterparties

Contents

Page
1 Credit exposure information: general requirements 1135
2 Calculation of credit exposure information 1135
3 Comparative figures 1135
4 Overseas banking group’s equity: general requirements 1135
5 Large bank exposures 1136
6 Large non-bank exposures 1136
7 Peak end-of-day aggregate credit exposure 1136
8 Aggregate credit exposure 1136
9 Meaning of credit rating 1137
10 Meaning of investment grade credit rating 1138

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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) relate only to exposures held in the financial records of the banking group; and

(b) 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 IFRS7; 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

Overseas banking group’s equity: general requirements

(1) For the purposes of this schedule, the overseas banking group’s equity must be—

(a) determined as at the off-quarter balance date; or

(b) the most recently publicly disclosed amount.

(2) If the overseas banking group’s equity is not determined as at the off-quarter balance date, a statement of the date to which the measure of equity relates.



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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 5: Concentration of credit exposures to individual counterparties (continued from previous page)

💰 Finance & Revenue
Credit Exposure, Banking Regulations, Financial Records, Risk Management, Capital Adequacy