Document ID: chunk:federal_register_of_legislation:F2017L01022:body:0:p12
Version: federal_register_of_legislation:F2017L01022
Segment Type: other
Provision Reference: 
Character Range: 31949–35397

AASB 132 Financial Instruments: Disclosure and Presentation, AASB 7 Financial Instruments: Disclosures and AASB 139 Financial Instruments: Recognition and Measurement. Derivative contracts in existence prior to adoption of IFRS are to be reported in accordance with AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards.

The currency denomination of derivative contracts should be the currency in which the value of the derivative contracts are to be redeemed or settled.

Note: The treatment of derivative contracts differs in consolidated statistics.

General government refers to federal, state and local government and social security funds both in Australia and overseas (the general government sector), and non-profit institutions financed by general government. Exclude public non-bank financial institutions and public non-financial corporations. These should be classified as non-bank financial institutions or non-financial corporations, respectively. Exclude central banks and international organisations (including multilateral development banks). These should be classified as Banks: central banks.

Households and non-profit institutions serving households (NPISHs) refers to households, non-profit entities such as charities, religious institutions, trade unions, consumer associations and unincorporated enterprises owned by households.

Liabilities includes all on-balance sheet liabilities in all currencies vis-à-vis all counterparty countries, and trustee business.

Loan claims comprise of all loans where the bank extends funding and receives an asset.

Loan liabilities comprise of all loans where the bank receives funding in return for a claim against it. For example: intra-group loans.

Loans are financial assets that are created when a creditor lends funds directly to a debtor and are evidenced by non-negotiable documents.

Include:
     * trade-related credits;
     * trustee business;
     * international note and coin;
     * repurchase transactions (repos);
     * financial leases;
     * promissory notes;
     * non-negotiable debt securities;
     * endorsement liabilities arising from bills rediscounted; and
     * subordinated loans (including subordinated non-negotiable debt securities).

Exclude:
       * loans that have become negotiable de facto. These should be classified under debt securities; and
       * borrowing and lending of securities and gold without cash collateral.

Multi-currency loans should be classified according to the currency in which the repayment obligation exists. This would normally be the same currency in which the drawings are made.

Locational statistics – See section Background to the international exposures forms.

Maturity refers to the remaining maturity of the instrument.

Non-banking financial institutions refers to private or public financial institutions which are not banking institutions, but are engaged primarily in the provision of financial services and activities auxiliary to financial intermediation, such as fund management. Include special purpose vehicles, hedge funds, securities brokers, money market funds, pension funds, insurance companies, financial leasing corporations, central clearing counterparties, unit trusts, other financial auxiliaries and other captive financial institutions. Also include any public financial institutions such as development banks and export credit agencies.