Document ID: chunk:federal_register_of_legislation:F2020L01551:body:0:p13
Version: federal_register_of_legislation:F2020L01551
Segment Type: other
Provision Reference: 
Character Range: 38336–41812

provided in these instructions.

Credit risk mitigation (CRM) means the CRM techniques allowed in Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112).

Exposure is defined in paragraphs 34 to 37 of APS 222.

Foreign ADI related entities means the head office, individual overseas branches, and individual Australian and overseas subsidiaries of the foreign ADI.

Legal Entity Identifier is a 20-digit, alpha-numeric code issued by a Local Operating Unit in accordance with the International Organization for Standardization's International Standard ISO 17442. The GlobalLegal Entity Identifier Foundation maintains a free online searchable database of Legal Entity Identifiers, available at https://www.gleif.org/en/lei/search.

Market related means off-balance sheet exposures arising from market related contracts.

Non-market related means off-balance sheet exposures that are not market related.

Off-balance sheet exposures means the off-balance sheet portion of any exposure, measured in accordance with Attachment A to APS 221.

On-balance sheet exposures means the on-balance sheet portion of any exposure, measured in accordance with Attachment A to APS 221.

Related entity name means the legal name of the foreign ADI related entity.

Related entity sector means the type of sector of the foreign ADI related entity of the exposure. These include:

•                 banking;
•                 insurance;
•                 superannuation;
•                 SPVs;
•                 other financial institutions; and
•                 other counterparties.

Related entity sector
Banking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959, as well as banking institutions authorised in other jurisdictions.

Insurance corporation means:
•                 life insurance corporations registered under the Life Insurance Act 1995;
•                 general insurance corporations authorised under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001);
•                 private health insurance corporations registered under the Private Health Insurance (Prudential Supervision) Act 2015;
•                 the Export Finance Insurance Corporation;
•                 private sector and government-owned general and health insurance enterprises, both proprietary and mutual; and
•                 any insurance corporation overseas.

Other counterparties includes any foreign ADI related entity that is not a banking institution, an SPV, insurance corporation, superannuation fund or other financial institutions.

Other financial institutions means all entities mainly engaged in financial intermediation and the provision of auxiliary financial services, other than banking institutions, insurance corporations, superannuation funds, other counterparties.

SPV means Special Purpose Vehicle.

Superannuation funds means complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993, other autonomous funds established for the benefit of public sector employees and any overseas funds designed specifically for the purpose of providing a pension or other income stream on retirement.

Specific instructions

Section A: Exposures to head office, overseas branches, Australian and overseas subsidiaries
Item 1    Report the exposures of a foreign ADI to foreign ADI related entities,