Financial Sector (Collection of Data) (reporting standard) determination No. 71 of 2008 - GRS 150.0 (2008) - Asset Exposure Concentrations and Risk Charge
Reporting lagReporting lag
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Reporting lag
This form must be lodged for each of the reporting units within the number of business days after the end of the quarter as set out in Reporting Standard GRS 150.0 Asset Exposure Concentrations and Risk Charge.
Specific instructions
This form is to be completed for each exposure that is greater than:
- 10% of Capital for authorised entities; or
- 10% of Adjusted net assets in Australia for Australian branch operations.
Report individual asset exposures to a counterparty or a group of related counterparties (i.e. counterparties related to each other whether or not they are related to the insurer) where the aggregate exposure of the insurer to that group of related counterparties exceeds the above applicable 10% threshold, in the appropriate counterparty/asset rating band tables (i.e. “Grade 1 counterparty/asset”, “Grade 2 counterparty/asset”, “Grade 3 counterparty/ asset” or “Grade 4 and Grade 5 counterparty/asset”).
Refer to point 6 below for more information on related counterparties (i.e. counterparties related to each other) for the purposes for this form.
Refer to point 7 below for more information on counterparties related to the insurer for the purposes of this form.
Report the group to which the counterparty belongs in the second column on the form.
Within each of these rating grades (i.e. ‘Grade 1 counterparty/asset (Rating AAA)’), report each individual asset exposure and select the applicable investment capital factor. Refer to GPS 114 for further clarification on counterparty/asset grades and investment capital factors applying to assets.