Document ID: chunk:federal_register_of_legislation:F2015L01999:body:0:p5
Version: federal_register_of_legislation:F2015L01999
Segment Type: other
Provision Reference: 
Character Range: 11837–15189

reported as thousands of dollars. Values are to be rounded up or down to the nearest thousand dollars.

Items on SRF 722.0 are to be reported on a gross basis except where otherwise indicated.

Items on SRF 722.0 are to be reported on an unconsolidated basis. In national accounting, consolidation refers to the elimination of transactions which occur between two transactors belonging to the same institutional sector or subsector. In a commercial accounting sense, this process is applied to entities where a parent/subsidiary relationship exists.[8]

Assets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee is free to use those AUD exchange rates that it judges to be a representative closing mid-market rate as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee should attempt to use the same exchange rate across all returns to APRA.

Note: for the major currencies, an RSE licensee may use the exchange rates available from the Reserve Bank of Australia (RBA), which is available on the RBA website: http://www.rba.gov.au/statistics/historical-data.html.

Report derivatives distinct from the corresponding contract that is being hedged. Do not use hedge accounting on SRF 722.0.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions. Additional definitions are provided at the end of these instructions (in the Glossary).

Examples listed under 'Includes' and 'Excludes' are not to be taken as an exhaustive list of items to be included or excluded.

Derivatives with a gross positive market value

Item 1 collects information about the value of derivatives with a gross positive market value at the end of the reporting period and movements in derivatives with a gross positive market value due to transactions that occurred during the period.

Item 1                       Report derivatives with a gross positive market value in item 1. Derivatives with a gross negative market value must be reported in item 2.

                             Report, for each combination of  type of counterparty and exposure type: the type of counterparty in column 1, the exposure type in column 2, the principal amount in column 3, the gross positive market value in column 4, and net transactions during the period in column 5.

                             The types of counterparty are:

                                 * non-resident;

                                 * the Reserve Bank of Australia (RBA);

                                 * banks;

                                 * other deposit-taking institutions;

                                 * other financial institutions; and

                                 * other resident.

                             The exposure types are:

                                 * interest rate contract;

                                 * foreign exchange contract;

                                 * credit risk contract;

                                 * equity contract;

                                 * commodity contract;