CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 115 of 2023
CC
Start here
Get a plain-English read of C
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 115 of 2023.
C
| Cash(Items subject to Asset Risk Charge type) | This is the amount of the cash assets which includes any cash at call up to 30 days as well as any cash held with non-bank financial institutions.Note that this item does not include negotiable certificates of deposits, which should be reported under non-indexed interest-bearing securities or indexed interest bearing securities. |
|---|---|
| Claims payable(Items subject to Asset Risk Charge type) | This is the amount related to claims due but not yet paid which has been recognised within insurance and reinsurance contract liabilities and assets reported on the balance sheet under AASB 17 Insurance Contracts (AASB 17).Life companies must exclude any amount already allowed in adjusted policy liabilities to avoid double counting.This amount must be consistent with claims payable reported in LRS 112.0 as a component of liability adjustment (gross of tax effect).This item must not be reported as a component of other asset and liability items including adjusted policy liability related items reported in this Reporting Standard. |
| Counterparty grade | This is the classification applied to an investment or exposure as per the requirements of LPS 001. Assets guaranteed by an Australian state or territory government must be reported in the counterparty grade that applies after rating up one grade in accordance with LPS 114. |
| Credit spread fair value amount | This is the fair value of assets that are subject to the credit spreads stress. |
| Credit spread stressed amount | This is the stressed value of assets that are subject to the credit spreads stress. |
| Credit spreads stress(Stress scenario type) | This is the impact on the fund's capital base of an increase in credit spreads and the risk of default and is calculated in accordance with LPS 114.This stress applies to interest-bearing assets, including cash deposits and floating rate assets. Credit derivatives and zero-coupon instruments such as bank bills must also be included. This stress also applies to liabilities whose value depends on the illiquidity premium. |
| Currency downwards stress(Stress scenario type) | This is the impact on the fund's capital base of downward changes in foreign currency exchange rates and is calculated in accordance with LPS 114. |
| Currency upwards stress(Stress scenario type) | This is the impact on the fund's capital base of upward changes in foreign currency exchange rates and is calculated in accordance with LPS 114. |