Document ID: chunk:federal_register_of_legislation:F2024C01107:body:0:p81
Version: federal_register_of_legislation:F2024C01107
Segment Type: other
Provision Reference: 
Character Range: 217518–220431

should be based on the average investment term and if it can be identified that more than 80% of the assets underlying the Hybrid ETF by value fall in a particular time band, the Position Risk Factor for that time band may be applied to the entire position;
(iii)     subject to subparagraph (iv), the standard method 'other' column should generally be used; and
(iv)      if the Market Participant can identify that any assets underlying the Hybrid ETF satisfy the definition of Qualifying Debt Instrument, the 'qualifying' column can be used for that portion of the fund on a proportional basis to the individual holding and the 'other' column must be used for the remainder of the position; and
(b)       in all other instances, where the assets underlying the Hybrid ETF cannot be specifically identified, 16% (standard method).

        A5.1.2B Position Risk Factors: Other Managed Funds that are classified as Debt Instruments
The Position Risk Factors to be applied to a principal position in units in Other Managed Funds classified as Debt Instruments are:
(a)        as specified in Table A5.1.2 where the assets underlying the Other Managed Funds can be specifically identified, up to a maximum of 16% (standard method). The Position Risk Factor is to be selected from Table A5.1.2 based on the following:
(i)         the time bands for coupon < 3% must be used;
(ii)       the time band chosen should be based on the average investment term. If it can be identified that more than 80% of the assets underlying the Other Managed Fund by value fall in a particular time band, the Position Risk Factor for that time band may be applied to the entire position;
(iii)     subject to subparagraph (iv), the standard method 'other' column should generally be used; and
(iv)      if the Market Participant can identify that any assets underlying the Other Managed Fund satisfy the definition of Qualifying Debt Instrument, the 'qualifying' column can be used for that portion of the fund on a proportional basis to the individual holding and the 'other' column must be used for the remainder of the position; and
(b)       in all other instances, where the assets underlying the Other Managed Fund cannot be specifically identified, 16% (standard method).
Table A5.1.6: Recognised Market Indexes
Country    Index         Country      Index
Australia  S&P/ASX 200   Netherlands  AEX
Austria    ATX           New Zealand  NZX 50
Belgium    BEL 20        Singapore    FTSE STI
Canada     S&P/TSX 60    Spain        IBEX 35
Europe     Euronext 100  South Korea  KOSPI 200
France     CAC 40        Sweden       OMX
Germany    DAX           Switzerland  SMI
Hong Kong  Hang Seng     UK           FTSE 100
Italy      FTSE MIB      UK           FTSE mid-250
Japan      Nikkei 225    USA          S&P 500

Table A5.1.7: Foreign Exchange Position Risk Factors
Standard Method
Foreign Exchange—All currencies and gold  8%