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Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2009 - GRS 131.0_G (2009) - Off Balance Sheet Exposure Risk Charge
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2009 - GRS 131.0_G (2009) - Off Balance Sheet Exposure Risk Charge.
Include, in the calculations, the value of surety bonds which are treated as a type of direct credit substitute by the Level 2 insurance group. The risk charge should be applied to 25 per cent of the value of the surety bond business as specified in GPS 114.