Document ID: chunk:federal_register_of_legislation:F2023L00579:front:0:p7
Version: federal_register_of_legislation:F2023L00579
Segment Type: other
Provision Reference: 
Character Range: 16956–20767

belongs.

Counterparty Name                                 This is the name of the counterparty to the exposure.

Counterparty Grade After Eligible Credit Support  This means the counterparty grade type related to exposures that are covered by collateral or guarantee.

E

Eligible Credit Support Applied                      The means whether the reinsurance or non-reinsurance exposure is covered by an eligible collateral, guarantee, or letter of credit, indicate whether the Level 2 insurance group has applied the eligible credit support to calculate the Asset Concentration Risk Charge.

                                                     Possible values are:

                                                          * yes; and
                                                          * no.
Exposure subject to Asset Concentration Risk Charge  For reinsurance exposures only: This is the total exposure that is subject to the Asset Concentration Risk Charge. This item is calculated at the level of each counterparty group name as the sum of:

                                                         * Asset Concentration Risk Charge net exposure amount; and
                                                         * adjustment for cumulative exposures amount.

N

Name of Provider of Eligible Credit Support      This means the name of the entity providing the collateral or guarantee where the Level 2 insurance group holds collateral against the asset or if the asset has been guaranteed.

Non-reinsurance Asset Concentration Risk Charge  This represents the Asset Concentration Risk Charge for non-reinsurance exposures and is the sum of the Asset Concentration Risk Charges for each non-reinsurance exposure category.

                                                 This is the excess (if any) of the net exposure amount over and above the respective Asset Concentration Risk Charge limit and is calculated as the greater of:

                                                      * Asset Concentration Risk Charge net exposure amount less Asset Concentration Risk Charge limit amount; and
                                                      * Asset Concentration Risk Charge long term net exposure amount less Asset Concentration Risk Charge long term limit amount,
                                                 subject to a floor of zero.

O

Off-Balance Sheet Large Exposure Amount  This represents the fair value of the exposure, net of provision for doubtful debts, recognised off-balance sheet.

On-Balance Sheet Large Exposure Amount   This represents the fair value of the exposure, net of provision for doubtful debts, recognised on-balance sheet.

R

Reinsurance Asset Concentration Risk Charge  This represents the Asset Concentration Risk Charge for reinsurance exposures and is the sum of the Asset Concentration Risk Charges for reinsurance exposures across all counterparty grades.

                                             This is the excess (if any) of the net exposure amount over and above the respective Asset Concentration Risk Charge limit and is calculated as exposure subject to Asset Concentration Risk Charge less Asset Concentration Risk Charge limit amount, subject to a floor of zero.

Related party                                This means the type of relationship of the counterparty to the reporting Level 2 insurance group. This can take the values of:

                                                  * parent;
                                                  * controlled entity;
                                                  * associate / joint venture; or
                                                  * other related party.
                                             Definitions of the related party types listed above