Document ID: chunk:federal_register_of_legislation:F2022L01348:body:0:p11
Version: federal_register_of_legislation:F2022L01348
Segment Type: other
Provision Reference: 
Character Range: 27458–30435

non-APRA-authorised reinsurers?

Disclose whether the collateral is related to reinsurance recoverable due from non-APRA-authorised reinsurers by selecting 'Y' or 'N'.

    (3)         Fair value of eligible collateral provided

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

    (4)         Fair value of assets subject to credit support

This is the fair value, as at the relevant date, of assets of the reporting insurer that are subject to credit support from collateral.

    (5)         Eligible collateral is from a related party?

For each eligible collateral item that is provided by a related party, describe the type of related party by selecting 'Parent', 'Subsidiary' or 'Other'.

    (6)         Type of collateral

This represents the type of collateral being provided to support the asset, e.g. cash, government securities, subordinated debt, listed equity instruments.

Section 4B: Credit support received - guarantees or letters of credit provided to reporting insurer

This section provides information on guarantees and standby letters of credit provided to the reporting insurer. A guarantee is a pledge or agreement to be responsible for another party's debt or contractual performance if that other party does not pay or perform. A standby letter of credit is an irrevocable undertaking given by a third party to pay an amount owing to the reporting insurer should the original counterparty default.

   (1)     Name of entity providing the guarantee or letter of credit to the reporting insurer

Report the name of the entity that is providing the guarantee or standby letter of credit to the reporting insurer.

   (2)     Relating to reinsurance recoverable due from non-APRA-authorised reinsurers?

Disclose whether the guarantee or standby letter of credit is related to reinsurance recoverable due from non-APRA-authorised reinsurers by selecting 'Y' or 'N'.

   (3)     Value of the guarantee or credit received in relation to assets of the insurer

This is the value of the guarantee or letter of credit received by the reporting insurer that is supporting assets of the reporting insurer.

    (4)         Counterparty rating grade of guarantor or issuer

Report the counterparty grade of the counterparty issuing the guarantee or letter of credit to the reporting insurer. The counterparty grade is as per Attachment C of GPS 001.

    (5)         Fair value of assets subject to credit support

This is the fair value, as at the relevant date, of assets of the reporting insurer that are subject to credit support from a guarantee or letter of credit.

    (6)         Guarantee / letter of credit is from a related party?

For each guarantee or letter of credit that is provided by a related party,