✨ Banking Disclosure Requirements
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2309
(g) accounting for acceptances and endorsements of bills of exchange; and
(h) accounting for loan transfers and the securitisation of financial assets.
Asset quality
5 Classes of assets to which clauses 6 to 10 apply
(1) Clauses 6 to 10 apply to the following classes of assets:
(a) other individually impaired assets;
(b) restructured assets;
(c) financial assets acquired through the enforcement of security;
(d) real estate assets acquired through the enforcement of security;
(e) other assets acquired through the enforcement of security;
(f) 90 day past due assets;
(g) other assets under administration.
(2) To avoid doubt, the disclosure required by clauses 6 to 8 includes financial assets designated as at fair value through profit and loss, where applicable.
6 Aggregate amounts
(1) The information in subclause (2) in respect of the registered bank and banking group for each of the classes of assets set out in clause 5.
(2) The following information as at the balance date:
(a) the aggregate amount that has been recognised, before deducting allowances for credit impairment loss or allowances for impairment loss created in respect of non-financial assets where applicable; and
(b) the aggregate amount of individual credit impairment allowances or allowances for impairment loss created in respect of non-financial assets.
(3) The information in subclause (4) in respect of the registered bank and banking group for each of the classes of assets set out in subclauses (a), (b), (f) and (g) of clause 5.
(4) The aggregate amount as at the balance date of any undrawn balances on lending commitments to counterparties for whom drawn balances fall within that class of assets, before deducting allowances for credit impairment loss where applicable.
(5) The information that is required to be disclosed under subclauses (2) and (4) must include comparative figures for the previous corresponding period.
7 Amount of interest revenue foregone
(1) The information in subclause (2) in respect of the registered bank and banking group for holdings of other individually impaired assets and holdings of restructured assets and 90 day past due assets.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Comparative figures, Material matters, Financial position, Related party transactions, Income statement, Accounting policies, Asset quality, Credit exposures, Risk management, Acceptances, Endorsements, Bills of exchange, Loan transfers, Securitisation, Financial assets, Individually impaired assets, Restructured assets, Enforcement of security, Real estate assets, Past due assets, Assets under administration, Interest revenue foregone