✨ Financial Regulations
24 JUNE 2011
NEW ZEALAND GAZETTE, No. 88
2337
Schedule 7
Credit exposures to connected persons
Contents
| Page | ||
|---|---|---|
| 1 | Credit exposure information: general requirements | 2337 |
| 2 | Aggregate credit exposure | 2337 |
| 3 | Credit exposure to connected persons | 2337 |
| 4 | Peak end-of-day aggregate exposure | 2338 |
| 5 | Rating-contingent limit | 2338 |
| 6 | Additional requirements for aggregate credit exposure to connected persons | 2338 |
| 7 | Aggregate amount of contingent exposures arising from risk lay-off arrangements | 2339 |
| 8 | Aggregate amount of individual credit impairment allowances against credit exposures to connected persons | 2339 |
1 Credit exposure information: general requirements
(1) In this schedule, credit exposure information must be disclosed on the basis of actual credit exposures.
(2) The information that is required to be disclosed under this schedule—
(a) must be derived in accordance with either the registered bank’s conditions of registration relating to credit exposures to connected persons or Connected Exposures Policy (BS8) (whichever is applicable); and
(b) must include comparative figures for the previous corresponding period.2 Aggregate credit exposure
(1) The information in subclause (2)—
(a) as at the balance date; and
(b) in respect of peak end-of-day aggregate credit exposure for the most recent quarter of the accounting period or interim accounting period (as applicable).(2) The aggregate credit exposure (of a non-capital nature and net of individual credit impairment allowances) of the banking group to—
(a) connected persons expressed both as an amount and as a percentage of tier one capital; and
(b) non-bank connected persons expressed both as an amount and as a percentage of tier one capital.3 Credit exposure to connected persons
A statement that the information on credit exposure to connected persons—
(a) has been derived in accordance with either the registered bank’s conditions of registration or Connected Exposures Policy (BS8) (whichever is applicable) and is net of individual credit impairment allowances; and
(b) excludes advances to connected persons of a capital nature.Next Page →
NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Concentration of credit exposures to individual counterparties
(continued from previous page)
💰 Finance & RevenueCredit exposure, Banking regulations, Financial disclosures, Risk management, Credit rating, Investment grade
💰 Schedule 7: Credit exposures to connected persons
💰 Finance & RevenueCredit exposure, Banking regulations, Financial disclosures, Connected persons, Credit risk