✨ Financial Regulation Amendment
27 MARCH 2008
NEW ZEALAND GAZETTE, No. 64
1865
- Clause 2 of Schedule 4A amended—Clause 2 of Schedule 4A is amended by revoking subclause (2) and substituting the following subclause:
“(2) The following information at the off-quarter balance date:
(1) 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 International Organisations | 0% | ||
| 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 Amount | Average risk weight | Risk Weighted Exposure | Minimum Pillar One Capital Requirement |
|---|---|---|---|---|---|
| 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% | ||||
| Placements of forward deposits | 100% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 64
Gazette.govt.nz —
NZ Gazette 2008, No 64
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Amendment Order
(continued from previous page)
💰 Finance & Revenue25 March 2008
Reserve Bank, Disclosure Statement, Amendment Order, New Zealand Incorporated Registered Banks, Financial Regulation