Section A: Large Exposures of a Fund:Section A: Large Exposures of a Fund:

Section A: Large Exposures of a Fund:

Include: Exposures exceeding 1% of Statutory Fund total assets, after adjusting for derivatives.

Column 1: Name of Counterparty

Unlisted or Controlled Investment Entities are to be treated on a look-through basis in accordance with Prudential Standards LPS 2.04 Solvency Standard (LPS 2.04) and LPS 3.04 Capital Adequacy Standard (LPS 3.04) (Section 5.3 in each). The look-through basis should also be consistent with that applied in LRF 300.1 Statement of Financial Position (SF and SF Eliminations).

In the case of exposures to a group of related counterparties, the exposures should be aggregated across the entities in the group by the types of exposure listed in Column 2. Each relevant type of exposure should be reported as a separate row, using the same group name for Column 1 of each row.

Column 2: Type of exposure

Use the drop-down menu to select the appropriate category (as listed from (a) to (m), in the tables contained in paragraphs 10.5.1 of LPS 2.04 and LPS 3.04 into which the particular large exposure falls.

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 Assets Backing Policy Liabilities (LRF 420.0).

Column 4-5: Direct/Indirect Exposures to Counterparty

Report the exposure amounts broken down by Direct and Indirect Exposures.

Columns 6: Total Exposure to Counterparty

The Total Exposure is calculated automatically as the sum of Columns 4 and 5.

Column 7: Details of Indirect Holdings

Report the direct holding through which the indirect exposures are held, e.g. the name of the controlled entity, associate or unit trust through which the exposure is held.

Column 8: Inadmissible Amount

Report the amount of the exposure to the counterparty that would contribute to the Inadmissible Assets Reserve in accordance with Sections 10.5 of LPS 2.04 and LPS 3.04.