Margining and Risk Mitigation for Non-CeMargining and Risk Mitigation for Non-Centrally Cleared Derivatives

Start here

Get a plain-English read of Margining and Risk Mitigation for Non-Ce

Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2025.

Reporting Form SRF 550.4

Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4). This form collects information on margining practices in relation to non-centrally cleared derivative of RSEs. In completing this form RSE licensees should refer to Prudential Standard CPS 226 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (CPS 226).

General directions and notes

Reporting level

SRF 550.4 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).

Reporting tables

Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.

Reporting basis and unit of measurement

Report all items on SRF 550.4 in accordance with the Australian Accounting Standards unless otherwise specified.

Amounts in SRF 550.4 are to be reported as whole dollars.

Items on SRF 550.4 must be reported as at the end of the reporting period.

Amounts denominated in foreign currency must be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.

Items on SRF 550.4 are to be reported on a non-look through basis. A look through basis is where information about the underlying investments in an investment vehicle must be reported.

These instructions specify the reporting basis, unit of measurement and look through basis that applies to each item.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).

Specific instructions

Report only directly held investments in derivative financial instruments on SRF 550.4, which may or may not be invested via an individually managed mandate.

Column	Field name	Unique identifier	Applicable to	Valid values	Description
1	Counterparty Identifier	Y	All filers	Text (100)	Report the counterparty identifier.
2	Counterparty Name Text		All filers	Text (100)	Report the name of the counterparty to the transaction.
3	Counterparty Rating Grade Type		All filers	Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable	Report the counterparty rating grade.
4	Counterparty Residency Indicator		All filers	Australian ResidentNon Resident	Report the counterparty residency status.
5	Counterparty Type		All filers	Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions	Report the type of counterparty.
6	Country Of Counterparty		All filers	Applicable country name	Report the counterparty country. If the counterparty is an Australian Resident, report the country as Australia.
7	CPS 226 Compliant Variation Margin	Y	All filers	YesNoNot Applicable	Report whether the counterparty is a covered counterparty with CPS 226 compliant Credit Support Annex (CSA) for Variation Margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin.
8	Exchanged Variation Margin	Y	All filers	YesNoNot Applicable	Report whether variation margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin.
9	Variation Margin Collected		All filers	Whole dollars	Report the value of all collateral received in the form of variation margin in relation to non-centrally cleared derivatives.
10	Variation Margin Posted		All filers	Whole dollars	Report the value of all collateral posted in the form of variation margin in relation to non-centrally cleared derivatives.
11	CPS 226 Compliant Initial Margin	Y	All filers	YesNoNot Applicable	Report whether the counterparty is a covered counterparty with CPS 226 compliant CSA for initial margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin.
12	Exchanged Initial Margin	Y	All filers	YesNoNot Applicable	Report whether initial margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin.
13	Initial Margin Collected		All filers	Whole dollars	Report the value of all collateral received in the form of initial margin in relation to non-centrally cleared derivatives.
14	Initial Margin Posted		All filers	Whole dollars	Report the value of all collateral posted in the form of initial margin in relation to non-centrally cleared derivatives.
15	Collateral Type Per CPS 226	Y	All filers	Cash CollateralGovernment Debt SecuritiesOther Debt SecuritiesGold BullionEquitiesOtherNot Applicable	Report the collateral type collected or posted in the form of variation margin or initial margin.Report ‘Not Applicable’ if either variation margin or initial margin has not been exchanged.
16	Exemptions From Margin Requirements	Y	All filers	Jurisdictions Not Permitting Required Safe-Keeping Of Initial MarginDoubtful Netting Agreement EnforceabilityQuestionable Collateral Arrangement EnforceabilityBelow Qualifying LevelNot Applicable	Where margin is not exchanged for new transactions after 1 September 2022 report the reason for exemption from margin requirements.Report ‘Not Applicable’ if either variation margin or initial margin has been exchanged.

Column

Field name

Unique identifier

Applicable to

Valid values

Description

Counterparty Identifier

All filers

Text (100)

Report the counterparty identifier.

Counterparty Name Text

All filers

Text (100)

Report the name of the counterparty to the transaction.

Counterparty Rating Grade Type

All filers

Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable

Report the counterparty rating grade.

Counterparty Residency Indicator

All filers

Australian ResidentNon Resident

Report the counterparty residency status.

Counterparty Type

All filers

Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions

Report the type of counterparty.

Country Of Counterparty

All filers

Applicable country name

Report the counterparty country. If the counterparty is an Australian Resident, report the country as Australia.

CPS 226 Compliant Variation Margin

All filers

YesNoNot Applicable

Report whether the counterparty is a covered counterparty with CPS 226 compliant Credit Support Annex (CSA) for Variation Margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin.

Exchanged Variation Margin

All filers

YesNoNot Applicable

Report whether variation margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin.

Variation Margin Collected

All filers

Whole dollars

Report the value of all collateral received in the form of variation margin in relation to non-centrally cleared derivatives.

Variation Margin Posted

All filers

Whole dollars

Report the value of all collateral posted in the form of variation margin in relation to non-centrally cleared derivatives.

CPS 226 Compliant Initial Margin

All filers

YesNoNot Applicable

Report whether the counterparty is a covered counterparty with CPS 226 compliant CSA for initial margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin.

Exchanged Initial Margin

All filers

YesNoNot Applicable

Report whether initial margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin.

Initial Margin Collected

All filers

Whole dollars

Report the value of all collateral received in the form of initial margin in relation to non-centrally cleared derivatives.

Initial Margin Posted

All filers

Whole dollars

Report the value of all collateral posted in the form of initial margin in relation to non-centrally cleared derivatives.

Collateral Type Per CPS 226

All filers

Cash CollateralGovernment Debt SecuritiesOther Debt SecuritiesGold BullionEquitiesOtherNot Applicable

Report the collateral type collected or posted in the form of variation margin or initial margin.Report ‘Not Applicable’ if either variation margin or initial margin has not been exchanged.

Exemptions From Margin Requirements

All filers

Jurisdictions Not Permitting Required Safe-Keeping Of Initial MarginDoubtful Netting Agreement EnforceabilityQuestionable Collateral Arrangement EnforceabilityBelow Qualifying LevelNot Applicable

Where margin is not exchanged for new transactions after 1 September 2022 report the reason for exemption from margin requirements.Report ‘Not Applicable’ if either variation margin or initial margin has been exchanged.

Item 1	Report Notional Amount March.
Item 2	Report Notional Amount April.
Item 3	Report Notional Amount May.

Margining and Risk Mitigation for Non-CeMargining and Risk Mitigation for Non-Centrally Cleared Derivatives

Get a plain-English read of Margining and Risk Mitigation for Non-Ce

Reporting Form SRF 550.4

Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Instruction Guide

General directions and notes

Reporting level

Reporting tables

Reporting basis and unit of measurement

Definitions

Table 1: Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Table 2: Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives