✨ Credit Exposure Regulations
986
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
Schedule 7
Credit exposures to connected persons
Contents
Page
1 Credit exposure information: general requirements................................... 986
2 Aggregate credit exposure ......................................................................... 986
3 Credit exposure to connected persons........................................................ 986
4 Peak end-of-day aggregate exposure ......................................................... 987
5 Rating-contingent limit .............................................................................. 987
6 Additional requirements for aggregate credit exposure to
connected persons ...................................................................................... 987
7 Aggregate amount of contingent exposures arising from risk
lay-off arrangements .................................................................................. 988
8 Aggregate amount of individual credit impairment allowances
against credit exposures to connected persons........................................... 988
————————
1
(1) Credit exposure information: general requirements
In this schedule, credit exposure information must be disclosed
on the basis of actual credit exposures.
(2) The information that is required to be disclosed under this
schedule—
(a) must be derived in accordance with either the registered
bank’s conditions of registration relating to credit
exposures to connected persons or Connected
Exposures Policy (BS8) (whichever is applicable); and
(b) must include comparative figures for the previous
corresponding period.
2
(1) Aggregate credit exposure
The information in subclause (2)—
(a) as at the balance date; and
(b) in respect of peak end-of-day aggregate credit exposure
for the most recent quarter of the accounting period or
interim accounting period (as applicable).
(2) The aggregate credit exposure (of a non-capital nature and net
of individual credit impairment allowances) of the banking
group to—
(a) connected persons expressed both as an amount and as a
percentage of tier one capital; and
(b) non-bank connected persons expressed both as an
amount and as a percentage of tier one capital.
3
Credit exposure to connected persons
A statement that the information on credit exposure to
connected persons—
(a) has been derived in accordance with either the
registered bank’s conditions of registration or
Connected Exposures Policy (BS8) (whichever is
applicable) and is net of individual credit impairment
allowances; and
(b) excludes advances to connected persons of a capital
nature.
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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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Concentration of Credit Exposures to Individual Counterparties
(continued from previous page)
💰 Finance & RevenueCredit exposure, Banking regulations, Risk management, Financial disclosures