Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2009 - GRS 131.0_G (2009) - Off Balance Sheet Exposure Risk Charge
Forward Asset PurchasesForward Asset Purchases
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Forward Asset Purchases
This includes commitments to purchase at a specified future date and on pre-arranged terms, an asset from another party, including written put options on specified assets with the character of a credit enhancement.[8]
Written put options expressed in terms of market rates for currencies or financial instruments bearing no credit risk are excluded from risk assets.
For the purposes of the APRA forms do not include market related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlements periods. Such securities, for Level 2 insurance group reporting, are to be included in GRF 300.0_G Statement of Financial Position (Level 2 Insurance Group). These do not constitute forward asset purchases for the purposes of GRF 131.0_G Off Balance Sheet Exposure Risk Charge (Level 2 Insurance Group).