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New Zealand Gazette – 2011 – No. 88

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✨ Banking Regulations

24 JUNE 2011

NEW ZEALAND GAZETTE, No. 88

2403

Schedule 6

Credit exposures to connected persons

		Page
1	Credit exposure information: general requirements	2403
2	Aggregate credit exposure	2403
3	Credit exposure to connected persons	2403
4	Peak end-of-day aggregate exposure	2404
5	Rating-contingent limit	2404
6	Additional requirements for aggregate credit exposure to connect persons	2404
7	Aggregate amount of contingent exposures arising from risk lay-off arrangements	2405
8	Aggregate amount of individual credit impairment allowances against credit exposures to connected persons	2405

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 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 off-quarter balance date; and

(b) in respect of peak credit exposures for the first quarter accounting period or the most recent quarter of the third quarter 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.

Gazette.govt.nz — NZ Gazette 2011, No 88

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✨ LLM interpretation of page content

💰 Credit exposures to connected persons (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCredit exposure, Banking regulations, Financial disclosure, Comparative figures, Risk management, Connected persons

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