Document ID: chunk:federal_register_of_legislation:F2022L01620:reg:100:p5
Version: federal_register_of_legislation:F2022L01620
Segment Type: reg
Provision Reference: reg 100 (pt 5/12)
Character Range: 77157–80313

capital, before the application of regulatory adjustments, as defined in Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111), excluding the proportion of Tier 2 instruments with a residual maturity of less than one year;

       (b)          the total amount of any capital instrument not included in paragraph 11(a) that has an effective residual maturity of one year or more, but excluding any instruments with explicit or embedded options that, if exercised, would reduce the expected maturity to less than one year; and

       (c)          the total amount of secured and unsecured borrowings and liabilities, including term deposits with an effective residual maturity of one year or more. Cash flows due in less than one year that arise from liabilities with a final maturity greater than one year are not eligible for the 100 per cent ASF factor.

Liabilities receiving a 95 per cent ASF factor

    12.         The following liabilities must be assigned a 95 per cent ASF factor:

       (a)          liabilities classified as stable[13] demand deposits and term deposits with a residual maturity of less than one year provided by retail and SME customers;[14] and

       (b)          intermediated deposits that meet the requirements of paragraph 35 of Attachment A for treatment as stable retail deposits and where the intermediary cannot replace the ADI unless it provides at least 12-months' notice.

Liabilities receiving a 90 per cent ASF factor

    13.         The following liabilities must be assigned a 90 per cent ASF factor:

       (a)          liabilities classified as less stable[15] demand deposits and term deposits with a residual maturity of less than one year provided by retail and SME customers; and

       (b)          intermediated deposits, including member-directed superannuation deposits, that meet the requirements of paragraph 35 of Attachment A for treatment as less stable retail deposits and where the intermediary cannot replace the ADI unless it provides at least 12-months' notice.

Liabilities receiving a 50 per cent ASF factor

    14.         The following liabilities must be assigned a 50 per cent ASF factor:

       (a)          secured and unsecured funding with a residual maturity of less than one year provided by non-financial corporate customers;

       (b)          operational deposits;[16]

       (c)          superannuation fund deposits that meet the definition of operational deposits;[17]

       (d)          intermediated deposits, including member-directed superannuation deposits, that meet the requirements of paragraph 35 of Attachment A and where the intermediary cannot replace the ADI unless it provides at least six months' notice;

       (e)          funding with a residual maturity of less than one year from sovereigns, PSEs and MDBs and national development banks; and

       (f)           other funding, secured and unsecured, not included in the categories above with a residual maturity of between six months to less than one year, including funding from central banks and financial institutions.

Liabilities receiving a