Document ID: chunk:federal_register_of_legislation:F2023L00584:front:0:p5
Version: federal_register_of_legislation:F2023L00584
Segment Type: other
Provision Reference: 
Character Range: 11803–15515

whether the insurer has applied the eligible credit support to calculate the asset concentration risk charge.

                                                     Possible values are:

                                                          * yes; and
                                                          * no.
Exposure subject to Asset Concentration Risk Charge  For reinsurance exposures only: This is the total exposure that is subject to the Asset Concentration Risk Charge. This item is calculated at the level of each counterparty group name as the sum of:

                                                         * Asset Concentration Risk Charge net exposure amount; and
                                                         * adjustment for cumulative exposures amount.

G

General fund                        General fund has the same meaning as in HPS 001.

(Private health insurer fund type)

H

Health benefits fund                Health benefits fund has the same meaning as in the Act.

(Private health insurer fund type)

N

Name of provider of eligible credit support      This means the name of the entity providing the collateral or guarantee where the insurer holds collateral against the asset or if the asset has been guaranteed.

Non-reinsurance Asset Concentration Risk Charge  This represents the Asset Concentration Risk Charge for non-reinsurance exposures and is the sum of the Asset Concentration Risk Charges for each non-reinsurance exposure category.

                                                 This is the excess (if any) of the net exposure amount over and above the respective Asset Concentration Risk Charge limit and is calculated as the greater of:

                                                      * Asset Concentration Risk Charge net exposure amount less Asset Concentration Risk Charge limit amount; and
                                                      * Asset Concentration Risk Charge long term net exposure amount less Asset Concentration Risk Charge long term limit amount,
                                                 subject to a floor of zero.

O

Off-balance sheet large exposure amount  This represents the fair value of the exposure, net of provision for doubtful debts, recognised off-balance sheet.

On-balance sheet large exposure amount   This represents the fair value of the exposure, net of provision for doubtful debts, recognised on-balance sheet.

P

Private health insurer fund type  Means health benefits fund or general fund.

R

Reinsurance Asset Concentration Risk Charge  This represents the Asset Concentration Risk Charge for reinsurance exposures and is the sum of the Asset Concentration Risk Charges for reinsurance exposures across all counterparty grades.

                                             This is the excess (if any) of the net exposure amount over and above the respective Asset Concentration Risk Charge limit and is calculated as exposure subject to Asset Concentration Risk Charge less Asset Concentration Risk Charge limit amount, subject to a floor of zero.

Related party                                This means the type of relationship of the counterparty to the insurer. This can take the values of:

                                                  * parent;
                                                  * controlled entity;
                                                  * associate / joint venture; or
                                                  * other related party.

T

Total large exposure amount  This represents the fair value of the exposure, net of provision for doubtful debts, and includes both on-balance sheet and off-balance sheet