✨ Banking Disclosure Requirements
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
959
(g) accounting for acceptances and endorsements of bills of
exchange; and
(h) accounting for loan transfers and the securitisation of
financial assets.
Asset quality
5 Classes of assets to which clauses 6 to 10 apply
(1) Clauses 6 to 10 apply to the following classes of assets:
(a) other individually impaired assets:
(b) restructured assets:
(c) financial assets acquired through the enforcement of
security:
(d) real estate assets acquired through the enforcement of
security:
(e) other assets acquired through the enforcement of
security:
(f) 90 day past due assets:
(g) other assets under administration.
(2) To avoid doubt, the disclosure required by clauses 6 to 8
includes financial assets designated as at fair value through
profit and loss, where applicable.
6 Aggregate amounts
(1) The information in subclause (2) in respect of the registered
bank and banking group for each of the classes of assets set out
in clause 5.
(2) The following information as at the balance date:
(a) the aggregate amount that has been recognised, before
deducting allowances for credit impairment loss or
allowances for impairment loss created in respect of
non-financial assets where applicable; and
(b) the aggregate amount of individual credit impairment
allowances or allowances for impairment loss created in
respect of non-financial assets.
(3) The information in subclause (4) in respect of the registered
bank and banking group for each of the classes of assets set out
in subclauses (a), (b), (f) and (g) of clause 5.
(4) The aggregate amount as at the balance date of any undrawn
balances on lending commitments to counterparties for whom
drawn balances fall within that class of assets, before deducting
allowances for credit impairment loss where applicable.
(5) The information that is required to be disclosed under
subclauses (2) and (4) must include comparative figures for the
previous corresponding period.
7 Amount of interest revenue foregone
(1) The information in subclause (2) in respect of the registered
bank and banking group for holdings of other individually
impaired assets and holdings of restructured assets and 90 day
past due assets.
(2) The following information:
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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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Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & RevenueBanking, Disclosure Statements, Financial Information, Corporate Data, Credit Ratings, Profitability, Capital Adequacy, Asset Quality, Credit Exposure, Voting Securities, Guarantees, Audit Committees, Conflicts of Interest, Auditors, Registration Conditions, Legal Proceedings, Credit Rating, Related Party Transactions, Income Statement, Accounting Policies