Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2007 - LRS 220.0 - Large Exposures
Part 2Other Related Parties
Start here
Get a plain-English read of Part 2
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2007 - LRS 220.0 - Large Exposures.
Part 2: Other Related Parties
‘Financial Service Entity’ is defined in Prudential Standard LPS 7.02 General Standards.
Column 1: Name of Related Party
Report the names of the relevant individual related entities that the life company has exposures to.
Column 2: Category of Related Party
Select the appropriate category using the drop-down menu:
- Subsidiary of Life Company
- Related Entity
- Parent Entity
- Associate
- Joint Venture
- Other Related Party
Column 3: Major Asset Class
Use the drop-down menu to select the appropriate asset class of the exposure. This should be consistent with what is reported in LRF 420.0.
Column 4: Amount of Exposure
Report the gross exposure amount.
Columns 5-7: Related Party Details
Report the following financial details of the Related Party: Fair Value of net assets, Assets, and Liabilities.
Column 8: Inadmissible Amount
Report the amount of the exposure to the Related Party that would contribute to the Inadmissible Assets Reserve in accordance with LPS 2.04 and LPS 3.04.