Document ID: chunk:federal_register_of_legislation:F2022L01346:body:0:p6
Version: federal_register_of_legislation:F2022L01346
Segment Type: other
Provision Reference: 
Character Range: 13728–15121

or encumbrances given by the Level 2 insurance group.

3.             Credit support received
3.1.      Eligible collateral provided to the Level 2 insurance group

      3.1.1                Total assets being supported by collateral
This is the fair value of the assets of the Level 2 insurance group that are supported by eligible collateral. Eligible collateral includes any form of security that supports the value of assets held by the Level 2 insurance group other than guarantees and letters of credit.

      3.1.2                Fair value of eligible collateral provided
This is the fair value, as at the relevant date, of eligible collateral provided to the Level 2 insurance group. The fair value of the outstanding balance is to be reported where appropriate. Fair value is determined in accordance with the Australian Accounting Standards.

3.2.      Guarantees or letters of credit provided to the Level 2 insurance group

      3.2.1                Total assets being supported by guarantees or letters of credit
This is the fair value of the assets of the Level 2 insurance group that are supported by guarantees and standby letters of credit.

      3.2.2                Value of guarantees or letters of credit provided
This is the value, as at the relevant date, of guarantees and standby letters of credit provided to the Level 2 insurance group to support its assets.