✨ Banking Regulations
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3277
Other commitments that cancel automatically when the creditworthiness of the counterparty deteriorates or that can be cancelled unconditionally at any time without prior notice
| 0% |
|---|
Market related contracts
| (a) Foreign exchange contracts | n/a |
| (b) Interest rate contracts | n/a |
| (c) Other - OTC etc | n/a |
(3) For the purpose of the disclosure required by subclause (2), average risk weight means the exposure-weighted average of the risk weights of individual exposures determined according to the counterparty or type of asset or issuer as appropriate.
4 Additional mortgage information
(1) The information in subclause (2)—
(a) in respect of the registered bank’s banking group; and
(b) in respect of total residential mortgage loans as used to calculate the registered bank’s Pillar 1 capital requirement for credit risk, categorised by loan-to-valuation ratio.
(2) The following information as at the reporting date:
Residential mortgages by loan-to-valuation ratio
| Loan-to-valuation ratio | Does not exceed 80% | Exceeds 80% and not 90% | Exceeds 90% |
|---|---|---|---|
| Value of exposures |
(3) For the purpose of the disclosure required by subclause (2), any residential mortgage loan for which no loan-to-valuation ratio is available must be included in the category for loan-to-valuation ratios that exceed 90%.
5 Credit risk mitigation
(1) The information in subclause (2)—
(a) in respect of the registered bank’s banking group; and
(b) derived in accordance with the conditions of registration relating to capital adequacy.
(2) The following information as at the reporting date:
Credit risk mitigation
| Exposure class | Total value of on- and off-balance sheet exposures covered by eligible collateral (after haircutting) | Total value of on- and off-balance sheet exposures covered by guarantees or credit derivatives |
|---|---|---|
| Sovereign or central bank | ||
| Multilateral development bank | ||
| Public sector entities | ||
| Bank | ||
| Corporate | ||
| Residential mortgage | ||
| Other |
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
💰 Banking regulations on credit risk mitigation and mortgage information
💰 Finance & RevenueBanking, Credit risk, Mortgage, Loan-to-valuation ratio, Collateral, Guarantees, Credit derivatives