Document ID: chunk:federal_register_of_legislation:F2023L00572:front:0:p5
Version: federal_register_of_legislation:F2023L00572
Segment Type: other
Provision Reference: 
Character Range: 11174–14480

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 114.1

Assets by Counterparty Grade

General instructions
These instructions must be read in conjunction with the general instruction guide.

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.

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

C
Cash and cash equivalents   This is the value, as at the relevant date, of notes and coins; deposits withdrawable or redeemable within 24 hours; and securities purchased under agreements to resell.
Cash management trusts      This is the aggregate value of holdings in investment vehicles which constitute cash management trusts.
Counterparty grade          This is the classification applied to an investment or exposure as per the requirements of GPS 001. Assets guaranteed by an Australian state or territory government must be reported in the counterparty grade that applies after rating up one grade in accordance with Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge.

D
Derivatives (assets)  This is the value of all open derivatives positions reported as assets.

E
Expected reinsurance recoveries                                              This is the amount due to an insurer, or to an entity that carries on international business within a Level 2 insurance group, from a reinsurer that arises from the recognition of premiums liabilities referred to in the GI Prudential Standards (including Prudential Standard GPS 340 Insurance Liability Valuation (GPS 340)). This is distinguished from reinsurance recoverables.
                                                                             This is calculated as the sum of:
                                                                                 * expected reinsurance recoveries: relating to APRA-authorised reinsurers; and
                                                                                 * expected reinsurance recoveries: relating to non-APRA-authorised reinsurers.
Expected reinsurance recoveries: relating to APRA-authorised reinsurers      Means the value