✨ Financial Disclosures
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2171
| Total exposure | Credit conversion factor | Credit equivalent amount | Average risk weight | Risk weighted exposure | Minimum Pillar 1 capital requirement | |
|---|---|---|---|---|---|---|
| Other commitments that cancel automatically when the creditworthiness of the counterparty deteriorates or that can be cancelled unconditionally at any time without prior notice | 0% |
Market related contracts
(a) Foreign exchange contracts n/a
(b) Interest rate contracts n/a
(c) Other – OTC etc n/a
(3) For the purpose of the disclosure required by subclause (2), average risk weight means the exposure-weighted average of the risk weights of individual exposures determined according to the counterparty or type of asset or issuer as appropriate.
4 Additional mortgage information
(1) The information in subclause (2)—
(a) in respect of the registered bank’s banking group; and
(b) in respect of total residential mortgage loans as used to calculate the registered bank’s Pillar 1 capital requirement for credit risk, categorised by loan-to-valuation ratio.
(2) The following information as at the reporting date:
Residential mortgages by loan-to-valuation ratio
| Loan-to-valuation ratio | Does not exceed 80% | Exceeds 80% and not 90% | Exceeds 90% |
|---|---|---|---|
| Value of exposures |
(3) For the purpose of the disclosure required by subclause (2), any residential mortgage loan for which no loan-to-valuation ratio is available must be included in the category for loan-to-valuation ratios that exceed 90%.
5 Credit risk mitigation
(1) The information in subclause (2)—
(a) in respect of the registered bank’s banking group; and
(b) derived in accordance with the conditions of registration relating to capital adequacy.
(2) The following information as at the reporting date:
Credit risk mitigation
| Exposure class | Total value of on- and off-balance sheet exposures covered by eligible collateral (after haircutting) | Total value of on- and off-balance sheet exposures covered by guarantees or credit derivatives |
|---|---|---|
| Sovereign or central bank | ||
| Multilateral development bank | ||
| Public sector entities | ||
| Bank | ||
| Corporate | ||
| Residential mortgage | ||
| Other |
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
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Schedule 9—Full year and half year Capital adequacy under the standardised approach
(continued from previous page)
💰 Finance & RevenueCapital Adequacy, Financial Disclosures, On-balance-sheet Exposures, Off-balance-sheet Exposures, Risk Weighting, Minimum Capital Requirements, Market Related Contracts, Mortgage Information, Credit Risk Mitigation