Part Definitions - Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2020 - Definitions

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Definitions

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Credit limit	As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).
Credit outstanding	As defined in ARS 701.0.
(Lending) Facility	As defined in ARS 701.0.
Guarantee claims	Means a claim made by a lender under the Scheme in respect of a scheme-backed loan.
Impaired	Means an impaired facility as defined by the entity’s lender policies.
Interest rate	As defined in ARS 701.0.
Loans approved	Means borrower-accepted commitments in ARS 701.0.
Loans cancelled or refinanced	Means loans cancelled after approval or refinanced and are no longer covered by the Scheme.
Lender policies	Means policies and procedures of the lender which apply in the origination, administration and management of scheme-backed loans.
Past due	As defined in ARS 701.0
Phase 1	Means those loans written under the Scheme up to 30 September 2020.
Recoveries	As defined in ARS 701.0.
Scheme	Means the Australian Government SME Guarantee Scheme.
Scheme-backed loan	Means a loan made by a lender under the Scheme.
Securitised	Means exposures that have undergone securitisation as defined in ARS 701.0.
Unused credit available	The amount of unused credit available, calculated as the current credit limit less the credit outstanding.
Weighted average customer rate	The weighted average customer rate for the current portfolio is calculated as the sum of all drawn amounts multiplied by their respective interest rates, divided by the sum of all drawn amounts for all loans approved at the end of the relevant period.