Document ID: chunk:federal_register_of_legislation:F2023L00407:body:0:p16
Version: federal_register_of_legislation:F2023L00407
Segment Type: other
Provision Reference: 
Character Range: 47843–51055

of APS 221.

Exposure is defined in paragraph 15 of APS 221.

Group counterparty name means a name for a group of connected counterparties that includes the legal name of the principal counterparty in that group. An example of this could be 'ABC Ltd master group' if 'ABC Ltd' is the principal counterparty in that group of connected counterparties.

Group of connected counterparties has the meaning given in APS 221.

Legal Entity Identifier is a 20-digit, alpha-numeric code issued by a Local Operating Unit in accordance with the International Organization for Standardization's International Standard ISO 17442. The Global Legal Entity Identifier Foundation maintains a free online searchable database of Legal Entity Identifiers, available at https://search.gleif.org/#/search/.

Market related means off-balance sheet exposures arising from market related contracts. Refer to APS 180 for examples of these contracts.

Non-market related means off-balance sheet exposures that are not market related. Refer to APS 112 for examples of these commitments.

Off-balance sheet exposures means the off-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.

On-balance sheet exposures means the on-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.

Other connections or relationships has the meaning given by paragraph 21(a)(iii) of APS 221.

Qualifying central counterparties (QCCPs) has the meaning given in APS 180.

A third party additional risk factor has the meaning given by paragraphs 27 to 30 of Attachment A of APS 221.

Counterparty sectors

Banking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959, as well as banking institutions in offshore jurisdictions.

Central counterparties (CCP) means clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement. Includes QCCPs.

Insurance corporations means:

       * life insurance corporations registered under the Life Insurance Act 1995;
       * general insurance corporations registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001);
       * private health insurance corporations registered under the Private Health Insurance (Prudential Supervision) Act 2015;
       * the Export Finance Insurance Corporation;
       * private sector and government-owned general and health insurance enterprises, both proprietary and mutual; and
       * any insurance corporation overseas.

International banking agencies and multilateral regional development banks means those entities listed in footnote 6 of APS 112.

Other counterparties includes any counterparty that is not a banking institution, insurance corporation, superannuation fund, Central or Commonwealth Government, State or Territory Government, Local Government, a central bank, a central counterparty, an