Financial Sector (Collection of Data) (reporting standard) determination No. 50 of 2013 - LRS 117.0 - Asset Concentration Risk Charge
Specialist reinsurerSpecialist reinsurer
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Specialist reinsurer
Specialist reinsurer refers to statutory fund of a registered life company where all policies referable to the fund are reinsurance policies and none of the policies is owned by a related entity of the life company.
Section 1: Large exposures
Explanatory notes
Reporting threshold
This section is to be completed for each exposure to an asset, a counterparty or a group of counterparties where the fair value of the exposure, after adjusting for derivatives, is greater than 1 per cent of the fund's total assets.
Instructions for specific items
1(1) Name of counterparty
This column reports the registered business name of the counterparty entity to which the exposure is held.
1(2) Name of counterparty group
This column reports the registered business name of the corporate group to which the counterparty entity belongs to.
Where the counterparty does not belong to a group, enter the same counterparty name as appears in Column 1.
1(3) ACN / ABN
Where relevant, this column reports the Australian Company Number (ACN) of the reported counterparty. In cases where a counterparty doesn’t have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Body Number (ARBN), the ABN or ARBN should be reported. If a counterparty does not have an ACN, ABN, or ARBN the column should be left blank.
Input the number without spaces.
1(4) Type of exposure
This column reports the category of the reported exposure in accordance with the breakdown of asset exposures within Attachment A of Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge (LPS 117).
An appropriate asset exposure category is to be selected from the drop down list.
1(5) Name of provider of eligible credit support
This column reports the registered business name of the counterparty (if any), providing eligible credit support (an eligible collateral, guarantee, or letter of credit) to the reporting life company's asset exposures.
If no collateral or guarantee is provided, report 'N/A'.
1(6) Type of exposure after eligible credit support
This column reports the category of exposure where the eligible credit support held replaces the underlying asset exposure.
An appropriate asset exposure category is to be selected from the drop down list.
1(7) Counterparty grade after eligible credit support