Document ID: chunk:federal_register_of_legislation:F2023L00580:body:0:p7
Version: federal_register_of_legislation:F2023L00580
Segment Type: other
Provision Reference: 
Character Range: 17347–18329

Risk Charge
 Column 1  Report the value for each of the items listed below.

 1.  Operational Risk Charge for inwards reinsurance business (ORCI)

 Item 1    The ORCI is a derived item and is calculated using the formula in accordance with GPS 118.

 Item 1.1  Report the ORCI - GWP for the 12 months ending on the reporting date.

 Item 1.2  Report the ORCI - GWP for the 12 months ending on the date 12 months prior to the reporting date.

 Item 1.3  Report the ORCI - central estimate of net insurance liabilities.

2.     Operational Risk Charge for business that is not inwards reinsurance (ORCNI)

 Item 2    The ORCNI is a derived item and is calculated using the formula in accordance with GPS 118.

 Item 2.1  Report the ORCNI - GWP for the 12 months ending on the reporting date.

 Item 2.2  Report the ORCNI - GWP for the 12 months ending on the date 12 months prior to the reporting date.

 Item 2.3  Report the ORCNI - central estimate of net insurance liabilities.