1. Cash:1. Cash:

1. Cash:

Include cash at call (up to 30 days). Include cash held with non bank financial institutions. Do not include negotiable certificates of deposit (shown with interest bearing securities).

1.2 Held directly – outside Australia

This differentiation refers to the territory where the asset is held, as opposed to the territory where the life insurance business is carried on (see Column headings).

1.4 Look-through adjustment for assets held indirectly via unit trusts

Include look-through adjustment for Cash held indirectly via Listed Unit Trusts, Unlisted Unit Trusts or Controlled Unit Trusts.

1.5 Sub-total cash held effectively (unhedged positions) [derived item]

This represents the effective holding in Cash after adjustment for look-through of trusts and prior to adjustment for hedging.

This is calculated automatically by derivations contained within the forms.

1.6 Hedging adjustments to or from cash

The hedging adjustment item is intended to translate the aggregate Cash balance to the effective post-derivatives position.

1.7 Total cash held effectively (hedged positions) [derived item]

This represents the effective exposure to Cash after adjustment for look-through of trusts and also after adjustment for hedging.