Document ID: chunk:federal_register_of_legislation:F2023L00568:front:0:p5
Version: federal_register_of_legislation:F2023L00568
Segment Type: other
Provision Reference: 
Character Range: 11119–14087

'authorised insurer', 'authorised insurance entity' or 'licensed insurer' is a reference to an insurer, and a reference to an 'authorised reinsurance entity' is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.

       non-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;

       Principal Executive Officer means the principal executive officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the insurer; and

       reporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.

18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Reporting Standard GRS 114.0

Asset Risk Charge

General instructions

Reporting tables

Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Any specific combination of values in a table must not appear on more than one row in that table when reported.

Look-through treatment

For asset and liability items that have been treated on a look-through basis for the purpose of GPS 114, report the effective underlying exposures after adjustments for look-through as well as their resultant impacts on capital base respectively.

Derivative treatment

All items should be reported gross of impacts from derivatives. Report the fair value of open derivative positions under derivatives (liabilities) and derivatives (assets).

Assets subject to stress

Exclude from the calculation of Asset Risk Charge all components of assets that are either:

     * deducted from total assets for the purpose of determining the capital base; or
     * subject to the Asset Concentration Risk Charge.

Include investment receivable with the asset that generated the income.

Asset stress scenario

Insurers are not required to report the components of impact on capital base for asset stress scenarios where it is determined that those scenarios would improve the capital base (i.e. result in a zero-risk charge component) as at the end of the relevant reporting period.

Insurers must report all asset stress scenarios that would give rise to a positive risk charge component.

Application to Category C insurers

For Category C insurers, the Asset Risk Charge is to be applied only to the assets in Australia of the Category C insurer.

Definitions

Terms in bold italics are defined in this Definitions section of these instructions.

A
Adjusted pre-stress amount                        This is the value of relevant items of