Document ID: chunk:federal_register_of_legislation:F2015L00579:body:0:p5
Version: federal_register_of_legislation:F2015L00579
Segment Type: other
Provision Reference: 
Character Range: 10918–13824

total value of stressed policy liabilities determined in accordance with Prudential Standard LPS 115 Capital Adequacy: Insurance Risk Charge (LPS 115), but gross of all expected reinsurance recoveries.

     1.2.4.      Less: Stressed policy liabilities net of reinsurance

This represents the total value of stressed policy liabilities determined in accordance with LPS 115, net of all expected reinsurance recoveries.

A positive value should be reported where the net stressed policy liabilities are positive.

2. Capital base

The capital base relates to the amount of capital eligible for the purpose of meeting the Prudential Capital Requirement as set out in Prudential Standard LPS 110 Capital Adequacy.

The amount reported must correspond to item 6 in LRF 112.0 Determination of Capital Base (SF) (LRF 112.0), or item 4 in LRF 112.1 Determination of Capital Base (GF) (LRF 112.1).

Specialist reinsurer

Specialist reinsurer refers to a statutory fund of a registered life company where all policies referable to the fund are reinsurance policies and none of the policies are owned by a related entity of the life company.

Section 1: Large exposures

Explanatory notes

Reporting threshold

This section is to be completed for each non-reinsurance exposure to an asset, a counterparty or a group of counterparties where the fair value of the exposure, after adjusting for derivatives, is greater than one per cent of the fund's total assets.

This section is to be completed for each exposure to a reinsurance counterparty or group of reinsurance counterparties regardless of size.

Instructions for specific items

1(1) Name of counterparty

This column reports the registered business name of the counterparty entity to which the exposure is held.

1(2) Name of counterparty group

This  column  reports  the  registered  business  name  of  the  corporate  group  to  which  the counterparty entity belongs.

Where the counterparty does not belong to a group, enter the same counterparty name as appears in Column 1.

1(3) ACN / ABN

Where relevant, this column reports the Australian Company Number (ACN) of the reported counterparty. In cases where a counterparty does not have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Business Number (ARBN), the ABN or ARBN should be reported. If a counterparty does not have an ACN, ABN, or ARBN the column should be left blank.

Input the number without spaces.

1(4) Type of exposure

This column reports the category of the reported exposure in accordance with the breakdown of asset exposures within Attachment A of Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge (LPS 117).

An appropriate asset exposure category is to be selected from the drop down list.

1(5) Name of provider of eligible credit support

This column reports the registered business name of