Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p7
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 17295–20193

when a replenishment plan is in force at the same time as a transition plan. If 'no' is reported in item 6, leave item 6.1 and item 6.2 blank.

                 If an RSE licensee has a transition plan or a replenishment plan for the ORFR in force, report the effective date of the plan in item 6.1.

                 If an RSE licensee has a transition plan or a replenishment plan for the ORFR in force, report the expected date, as documented on the transition or replenishment plan, for reaching the ORFR target amount in item 6.2.

Transition plan  Represents a plan for the RSE licensee to reach its ORFR target amount for the first time. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Replenishment plan  Represents a plan for the RSE licensee to reach its ORFR target amount when the financial resources held to meet the operational risk financial requirement are below its ORFR tolerance limit after the RSE licensee has reached its operational risk financial requirement for the first time. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Payments to address an operational risk event

Item 7 collects information on payments by the RSE licensee out of the ORFR to address an operational risk event in accordance with SPS 114.

Reporting basis: report item 7 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 7, column 3 and column 4 in thousands of dollars; report a date in item 7, column 2 as DD/MM/YYYY.

Item 7                                          Report each of the payments to address an operational risk event on separate lines in item 7.

                                                Report the description of the payment in column 1 and the date the payment was made in column 2. Report the type of operational risk event as part of the description in column 1.

                                                If ORFR trustee capital was used, in part or in full, to make payments to address an operational risk event, report the amount of ORFR trustee capital used in column 3.

                                                If one or more ORFR reserves within RSEs were used, in part or in full, to make payments to address an operational risk event, report the aggregate amount of all ORFR reserve used in column 4.

Payments to address an operational risk event   Represents the amount of money transferred out in order to address an operational risk event that has met the RSE licensee's criteria for determining when and how the financial resources held to meet the operational risk financial requirement can be called upon. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Movements in ORFR trustee capital

Item 8 and item 9 collect information on movements into and out of ORFR trustee capital.