Document ID: chunk:federal_register_of_legislation:F2023L00407:body:0:p15
Version: federal_register_of_legislation:F2023L00407
Segment Type: other
Provision Reference: 
Character Range: 45010–48076

information recorded on the books of Extended Licensed Entities (ELEs), of any other entity not consolidated at Level 1 (e.g. related parties such as subsidiaries, SPVs or parent entities) and of overseas-based entities (e.g. overseas-based branches and offshore banking units (within the meaning of section 128AE of the Income Tax Assessment Act 1936)).

Reporting period

This form is to be completed as at the last calendar day of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the foreign ADI.

Unit of measurement

This form should be completed in Australian dollars (AUD), in millions of dollars rounded to one decimal place.

Amounts denominated in foreign currency must be converted to AUD in accordance with Accounting Standard AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121), as in force from time to time.

Basis of preparation

For the purposes of this form, foreign ADIs must report all exposures. In completing this form, foreign ADIs are to apply the requirements for netting specified in Attachment A of APS 221.

A foreign ADI may report using the requirements and definitions that it applies in reporting exposures under the requirements of its home jurisdiction, unless otherwise notified by APRA.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Connection means the relationship between two counterparties in a group of connected counterparties. A connection can be any of the following:

      * a control relationship;
      * an economic interdependence relationship;
      * both control and economic interdependence;
      * other connections or relationships; or

      * a third party additional risk factor.

A control relationship has the meaning given by paragraphs 22, 23 and 25 of APS 221.

Counterparty means either the individual counterparty or a group of connected counterparties to an exposure.[3] In the case of a group of connected counterparties, the foreign ADI's aggregate exposure to the group of connected counterparties is considered one exposure.

Counterparty name means the legal name of the counterparty.

Counterparty sector means the type of sector of the counterparty of the exposure. There are 12 counterparty sectors which can be reported:

       * banking;
       * insurance;
       * superannuation;
       * central or Commonwealth government;
       * State or Territory government;
       * local government;
       * central banks;
       * central counterparties;
       * SPVs;

       * International banking agencies and multilateral regional development banks;
       * other financial institutions; and
       * other counterparties.

An economic interdependence relationship has the meaning given by paragraph 24 of APS 221.

Exposure is defined in paragraph 15 of APS 221.

Group counterparty name means a name for a group of connected counterparties that includes the legal name of the principal counterparty in that group. An example of this