Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p28
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 77084–80088

'Other'.

5. Other borrowings
Include:
     * securities sold under agreements to repurchase;
     * subordinated loans with a residual maturity of 12 months or less;
     * short-term loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
     * treasury related short-term borrowings from other ADIs;
     * promissory notes with a residual maturity of 12 months or less;
     * commercial paper with a residual maturity of 12 months or less; and
     * short-term debt securities from the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Exclude:
     * negotiable and transferable certificates of deposits;
     * subordinated loans, promissory notes, commercial paper with a residual maturity greater than 12 months; and
     * deposits.

5.1 Securities sold under agreements to repurchase
These transactions are to be recorded consistently with AASB 9. Where the transferee of the stock effectively receives a lender's rate of return (i.e. the underlying risks and rewards of ownership of the underlying stock is not effectively transferred), these transactions are to be accounted for as collateralised lending activities (treating stock lending as on balance sheet exposures). Securities sold under agreements to repurchase, represents the payable due to counterparties with whom the stock has been lent and from whom cash has been lodged. Under this method of accounting the bank's physical stock positions recorded on the balance sheet in either Securities held for trading or Securities not held for trading sections is not affected.

5.2 Promissory notes/commercial paper
Report all borrowings by the reporting entity in the form of commercial paper or promissory notes. Commercial paper or promissory notes are short-term debt securities usually issued with an original term to maturity of less than 180 days.
Include:
     * all commercial paper or promissory notes issued with a residual term to maturity of 12 months or less. Commercial paper or promissory notes with a residual maturity greater than 12 months should be reported as 'long-term borrowings'.

5.3 Short-term loans
Report all borrowings by the reporting entity in the form of short-term debt securities, other than certificates of deposits and promissory notes/commercial paper (identified above).
Include:
     * all debt securities issued with a residual term to maturity of 12 months or less. Other debt securities with a residual maturity greater than 12 months should be reported as 'long-term debt'.

5.3.1 Short-term loans: Variable
Report all borrowings by the reporting entity in the form of variable interest rate short-term loans from counterparties.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as 'Due to clearing