968 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

(b) derived in accordance with either the conditions of
registration relating to capital adequacy or Capital
Adequacy Framework (Standardised Approach) (BS2A)
(as applicable).

(2) (1) The following information as at the balance date:

Calculation of on-balance-sheet exposures

| | Total exposure after
| credit risk mitigation | Risk Weight | Risk
| | | Weighted
| | | Exposure | Minimum Pillar
| | | | One Capital
| | | | Requirement
|-------------------------------|----------------------------------|------------|-----------------|-------------------------------|
| Cash and gold bullion | | 0% | | |
| Sovereigns and Central Banks | | 0% |
| | | 20% |
| | | 50% |
| | | 100% |
| | | 150% |
| Multilateral Development Banks and Other | | 0% |
| International Organisations | | 20% |
| | | 50% |
| | | 100% |
| | | 150% |
| Public Sector Entities | | 20% |
| | | 50% |
| | | 100% |
| | | 150% |
| Banks | | 20% |
| | | 50% |
| | | 100% |
| | | 150% |
| Corporate | | 20% |
| | | 50% |
| | | 100% |
| | | 150% |
| Residential Mortgages not past due | | 35% |
| | | 50% |
| | | 75% |
| Past due residential mortgages | | 100% |
| Other past due assets | | 100% |
| | | 150% |
| Equity holdings (not deducted from capital) that are publicly traded | | 300% |
| All other equity holdings (not deducted from capital) | | 400% |
| Other assets | | 100% |

(2) Calculation of Off-Balance Sheet Exposures

| | Total
| Exposure | Credit
| | Conversion
| | Factor | Credit
| | | Equivalent
|-------------------------------------------|------------|--------------|---------------------|-----------------|-------------------------------|
| Direct credit substitute | | 100% |
| Asset sale with recourse | | 100% |
| Forward asset purchase | | 100% |
| Commitment with certain drawdown | | 100% |
| Note issuance facility | | 50% |
| Revolving underwriting facility | | 50% |
| Performance-related contingency | | 50% |
| Trade-related contingency | | 20% |
| | | Amount | Average risk
| | | | weight | Risk Weighted
| | | | | Exposure | Minimum Pillar
| | | | | | One Capital