Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p9
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 23044–26074

Item 9.2 is a derived item. Report other transfers out of ORFR trustee capital in item 9.2 as total transfers out of ORFR trustee capital reported in item 9.3 minus payments to address an operational risk event reported in item 9.1.

                                       Report details of other transfers out of ORFR trustee capital on separate lines in item 9.2.1. The sum of the items in column 2 must equal the amount of other transfers out of ORFR trustee capital reported in item 9.2. Report the aggregate of ORFR trustee capital surplus distributed in item 9.2.1 and report the detail in item 10.

                                       Report a description of the other transfers out of ORFR trustee capital in column 1 and the value in column 2. Report a description in column 1 that includes the destination of the transfer.

Transfers out of ORFR trustee capital  Represents amounts transferred out of ORFR trustee capital resulting in a decrease in ORFR trustee capital. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

ORFR trustee capital surplus distributed

Item 10 collects information on distributions of an ORFR surplus.

Reporting basis: report item 10 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 10 in thousands of dollars.

Item 10                       If an RSE licensee distributed an ORFR trustee capital surplus during the period, report item 10; otherwise, leave item 10 blank.

                              Report the value of the ORFR trustee capital surplus distributed to member accounts in item 10.1 and distributed to employer sponsors in item 10.2.

                              Item 10.3 is a derived item. Report the value of ORFR trustee capital surplus distributed to other recipients in item 10.3 as total transfers out of ORFR trustee capital reported in item 10.4 minus ORFR trustee capital surplus distributed to member accounts in item 10.1 and distributed to employer sponsors in item 10.2.

                              Report details of ORFR trustee capital surplus distributed to other recipients on separate lines in item 10.3.1. The sum of the items in column 2 must equal the value of ORFR trustee capital surplus distributed to other recipients reported in item 10.3.

                              Report a description of the other recipient in column 1 and the value in column 2.

ORFR trustee capital surplus  Represents an amount of the financial resources held in the form of ORFR trustee capital to meet the ORFR target amount that the RSE licensee has determined exceeds the ORFR target amount, and the excess financial resources are not needed for it to continue to meet this amount. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Member account                Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Employer sponsor  Represents an employer sponsor as given within