Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p8
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 19918–23271

meet the operational risk financial requirement can be called upon. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Movements in ORFR trustee capital

Item 8 and item 9 collect information on movements into and out of ORFR trustee capital.

Reporting basis: report item 8 and item 9 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 8 and item 9 in thousands of dollars.

Item 8                                                 Report transfers into ORFR trustee capital in item 8 as gross of transfers out of ORFR trustee capital.

                                                       Item 8.4 is a derived item. Report other transfers into ORFR trustee capital in item 8.4 as total transfers into ORFR trustee capital reported in item 8.5 minus the sum of deductions from members benefits reported in item 8.1, compensation payments from trustee insurance policies reported in item 8.2 and compensation payments from service providers reported in item 8.3.

                                                       Report details of other transfers into ORFR trustee capital on separate lines in item 8.4.1.

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

Transfers into ORFR trustee capital                    Represents amounts transferred into ORFR trustee capital, resulting in an increase in ORFR trustee capital. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Deductions from members benefits                       Represents money transferred from deductions to member accounts or through fees and charges to members in relation to building the financial resources to meet the operational risk financial requirement. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Compensation payments from trustee insurance policies  Represents money transferred from compensation payments from trustee insurance policies to replenish the financial resources held to meet the operational risk financial requirement after a loss. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Compensation payments from service providers           Represents money transferred from compensation payments from agreements with service providers to replenish the financial resources held to meet the operational risk financial requirement after a loss. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Item 9                                 Report transfers out of ORFR trustee capital in item 9, gross of transfers into ORFR trustee capital.

                                       Item 9.1 is a derived item. Report payments to address an operational risk event in item 9.1 as equal to the sum of the payments that have been reported as paid from ORFR trustee capital in item 7 column 3.

                                       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