✨ Banking Regulations
NEW ZEALAND GAZETTE, No. 133
24 AUGUST 2011
Schedule 10—All periods
Concentration of credit exposures to individual counterparties
Contents
| Page | |
|---|---|
| 1 Credit exposure information: general requirements | 3778 |
| 2 Calculation of credit exposure information | 3778 |
| 3 Overseas banking group’s equity: general requirements | 3778 |
| 4 Large exposures at the reporting date | 3779 |
| 5 Peak end-of-day aggregate credit exposure | 3780 |
| 6 Method of calculating peak end-of-day aggregate credit exposure | 3781 |
| 7 Meaning of credit rating | 3781 |
1 Credit exposure information: general requirements
(1) In this Schedule, credit exposure information must be disclosed either on the basis of—
(a) actual credit exposures; or
(b) internal limits that were not materially exceeded between the reporting date for the previous disclosure statement and the reporting date for the disclosure statement.
(2) A statement of the method used for disclosing the credit exposure information required by this Schedule.
(3) A statement that in the credit exposure information required by this Schedule, credit exposures to an individual counterparty or a group of closely related counterparties do not include exposures to those counterparties if they are booked outside New Zealand.
2 Calculation of credit exposure information
The credit exposure information required by this Schedule must—
(a) relate only to exposures held in the financial records of the registered bank’s banking group;
(b) be calculated as the amount that best represents the registered bank’s banking group’s maximum exposure to credit risk taking account of the guidance in paragraphs B9 and B10 of NZ IFRS 7;
(c) exclude credit exposures to the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent; and
(d) exclude credit exposures to any bank with a long-term credit rating of A- or A3 or above, or its equivalent.
3 Overseas banking group’s equity: general requirements
(1) For the purposes of this Schedule, the registered bank’s overseas banking group’s equity must be either—
(a) determined as at the reporting date; or
(b) the most recently publicly disclosed amount.
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NZ Gazette 2011, No 133
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order (No 3) 2011
(continued from previous page)
💰 Finance & RevenueBanking regulations, Disclosure statements, Credit exposure, Overseas banking groups, Reporting requirements