Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_45
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 45
Character Range: 45790–46414

45  Subsection 820‑320(2) (example)
Repeal the example, substitute:
Example: Southern Cross Bank has an average value of risk‑weighted assets of $150 million (having discounted those risk‑weighted assets that are excluded by step 1) and the average value of its relevant tier 1 prudential capital deductions is $2 million. The entity's worldwide group capital ratio is 0.0875. Multiplying $150 million by 0.0875 equals $13.125 million, which is the result of step 3. Adding that amount to the average value of the relevant tier 1 prudential capital deductions equals $15.125 million, which is the worldwide capital amount.