✨ Financial Regulations
5
Peak end-of-day aggregate credit exposure
(1) The information in subclauses (2) and (4)—
(a) in respect of peak end-of-day aggregate credit exposure for the period between the reporting date for the previous disclosure statement and the reporting date for the disclosure statement; and
(b) in successive ranges of 5% of the registered bank’s overseas banking group’s equity, commencing at 10% of equity.
(2) The number of bank counterparties described by subclause (3) to which the registered bank’s banking group has a peak end-of-day aggregate credit exposure that equals or exceeds 10% of the registered bank’s overseas banking group’s equity, showing separately—
(a) those counterparties that have a long-term credit rating of at least BBB- or Baa3, or its equivalent, and at most BBB+ or Baa1, or its equivalent; and
(b) if applicable—
(i) those counterparties that have a long-term credit rating lower than BBB- or Baa3, or its equivalent; and
(ii) those counterparties that do not have a long-term credit rating.
(3) A counterparty is a bank counterparty if it is—
(a) a bank that is not a member of a group of closely related counterparties; or
(b) a group of closely related counterparties of which a bank is the parent.
(4) The number of non-bank counterparties described by subclause (5) to which the registered bank’s banking group has a peak end-of-day aggregate credit exposure that equals or exceeds 10% of the registered bank’s overseas banking group’s equity, showing separately—
(a) those counterparties that have a long-term credit rating of A- or A3 or above, or its equivalent;
(b) those counterparties that have a long-term credit rating of at least BBB- or Baa3, or its equivalent, and at most BBB+ or Baa1, or its equivalent; and
(c) if applicable—
(i) those counterparties that have a long-term credit rating lower than BBB- or Baa3, or its equivalent; and
(ii) those counterparties that do not have a long-term credit rating.
(5) A counterparty is a non-bank counterparty if it is—
(a) a non-bank that is not a member of a group of closely related counterparties; or
(b) a group of closely related counterparties of which a bank is not the parent.
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
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Peak End-of-Day Aggregate Credit Exposure
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💰 Finance & RevenueCredit exposure, Banking regulations, Financial disclosure, Counterparties, Equity thresholds