CTHRepealedLegislation
AASB 130 - Disclosure in the Financial Statements of Banks and Similar Financial Institutions - July 2004
Assets Pledged as SecurityAssets Pledged as Security
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Assets Pledged as Security
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A bank shall disclose the aggregate amount of secured liabilities and the nature and carrying amount of the assets pledged as security.
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In some countries, banks are required, either by law or national custom, to pledge assets as security to support certain deposits and other liabilities. The amounts involved are often substantial and so may have a significant impact on the assessment of the financial position of a bank.