✨ Credit Exposure Disclosure Requirements
24 FEBRUARY 2012 NEW ZEALAND GAZETTE, No. 21 561
(2) The following criteria:
(a) a credit rating that applies to—
(i) the relevant entity’s long term senior unsecured obligations payable in New Zealand, in New Zealand dollars; or
(ii) the relevant entity’s long term senior unsecured foreign currency obligations:
(b) a credit rating given by a rating agency that has been approved by the Reserve Bank of New Zealand under section 80 of the Act.
(3) If an entity has 2 or more credit ratings that meet the criteria in subclauses (1) and (2) and those credit ratings are not the same, then the lowest credit rating applies.
Next Page →
✨ LLM interpretation of page content
💰
Schedule 13 Credit Exposure Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueCredit exposure, Disclosure, Banking, Risk management, Equity
NZ Gazette 2012, No 21