✨ Financial Reporting Requirements
990
NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
whose behalf the banking group conducts the activities
specified in clause 2(c), have been provided on arms length
terms and conditions and at fair value.
6
Assets purchased from entities conducting activities
specified in clause 2
A statement as to whether (over the accounting period or
interim accounting period (as applicable)) assets purchased by
any member of the banking group from entities that conduct the
activities specified in clause 2, or on whose behalf the banking
group conducts the activities specified in clause 2(c), have been
purchased on arms length terms and conditions and at fair
value.
7
Aggregate funding provided to entities
(1) The peak end-of-day aggregate amount of funding the banking
group has provided over the most recent quarter of the
accounting period or interim accounting period (as applicable)
to entities that conduct the activities specified in clause 2 or on
whose behalf the banking group conducts the activities
specified in clause 2(c).
(2) The peak end-of-day aggregate amount of funding—
(a) includes funding provided by the purchase of securities
issued by entities involved in activities specified in
clause 2 or on whose behalf the banking group conducts
the activities specified in clause 2(c); and
(b) must be expressed as an amount and as a percentage of
tier one capital.
(3) The information that is required to be disclosed under this
clause must include comparative figures for the previous
corresponding period.
8
Method for deriving peak end-of-day aggregate amount of
funding in clause 7
(1) For the purposes of clause 7, the peak end-of-day aggregate
amount of funding 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 funding over the quarter, and
(b) then dividing that amount by—
(i) the banking group’s tier one capital as at the end
of the quarter; or
(ii) the banking group’s tier one capital as at the date
the maximum end-of-day aggregate amount of
funding occurred.
(2) A statement of the method used to derive peak ratio
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
💰
Schedule 8: Securitisation, funds management, other fiduciary activities, and marketing and distribution of insurance products
(continued from previous page)
💰 Finance & RevenueSecuritisation, Funds management, Fiduciary activities, Insurance products, Banking group, Assets, Funding