Document ID: chunk:federal_register_of_legislation:F2023L00315:body:0:p8
Version: federal_register_of_legislation:F2023L00315
Segment Type: other
Provision Reference: 
Character Range: 20822–23646

investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.

Securities Transacted not Settled (i.e. trade date accounting)

For the purpose of this form, include market related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlements periods in the relevant sections. These do not constitute forward asset purchases for the purposes of GRF 114.3 Off-balance Sheet Business.

Instructions for specific items

Section 1: Direct interest rate holdings

    Deposits or placements with (i.e. money market type deposits / placements)

This is the value of deposits or placements that are of a money market type basis, as at the reporting date, redeemable or withdrawable by the reporting insurer on demand or within 24 hours. This must be held as part of the reporting insurer's investments portfolio.

Do not include any deposits at call that are used by the reporting insurer for daily liquidity/operations (i.e. funds that are not specifically included as investment funds). These are to be disclosed as money at short call in Item 1.2 of GRF 300.0 Statement of Financial Position.

     1.1.               Authorised Deposit Taking Institutions (ADIs)

This is the value of deposits or placements with ADIs. An ADI has an in force authority under subsection 9(3) of the Banking Act 1959.

     1.2.               Other

This is the value of deposits or placements with entities other than ADIs.

    Short term securities

Short term securities are those with an original term to maturity (as opposed to a residual term to maturity) that is equal to or less than 1 year. Include: bills of exchange; certificates of deposits; commercial paper; other one name paper; and securities lent or sold under repurchase agreements.

Bills of exchange

A bill of exchange is an unconditional order drawn (issued) by one party, sent to another party for acceptance and made out to, or to the order of, a third party, or the bearer. It is a negotiable instrument that binds each endorser of the bill to pay on redemption should the acceptor fail to do so. These securities are issued at a discount to face value.

     Bank accepted

This is the value of bills of exchange held by the reporting insurer as at the relevant date, and that have been accepted by a bank.

     Other

This is the value of bills of exchange held by the reporting insurer as at the relevant date, and that have not been accepted by a bank.

Commercial paper and promissory notes issued by

This is the value of short term securities excluding bills of exchange.

     ADIs

An ADI has an in force authority under subsection 9(3) of the Banking Act 1959.

     General insurance corporations

A