CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 115 of 2023
SS
Start here
Get a plain-English read of S
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 115 of 2023.
S
| Seed capital(Items subject to Asset Risk Charge type) | This is the value of seed capital that has been transferred from the management fund of a friendly society to its benefit fund. |
|---|---|
| Stress scenario amount | This the contribution of the relevant items towards the change in capital base under stress scenario type.Specifications of the stresses are determined in accordance with LPS 114. |
| Stress scenario type | This consists of the stress scenarios that must be applied to individual items subject to Asset Risk Charge type under LPS 114. The scenarios are:real interest rates upwards stress;real interest rates downwards stress;expected inflation upwards stress;expected inflation downwards stress;currency upwards stress;currency downwards stress;equity stress;property stress;credit spreads stress; anddefault stress. |
| Subordinated debt(Items subject to Asset Risk Charge type) | This is the value of the subordinated debt that has been issued by the fund.This must exclude any subordinated debt recognised as Tier 2 Capital. This amount must be reported under Tier 2 Capital. |