Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p20
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 82461–86308

credit. Reference: Credit.

Fixed Income Investment Grade (asset class characteristic 1)                                               Means a debt security with counterparty rating of Grade 1 to Grade 4.

Fixed Income Long Term (asset class characteristic 3)                                                      Means a debt security with an original term to maturity of more than one year.

Fixed Income Mezzanine Debt (asset class characteristic 2)                                                 Means a subordinated security that sits between the equity and senior secured debt in priority in the event of default. The security is typically highly tailored and illiquid.

Fixed Income Non Investment Grade (asset class characteristic 1)                                           Means a debt security with counterparty rating of Grade 5 and below.

Fixed Income Other (asset class characteristic 2)                                                          Means a loan, placement or debt security that does not meet the definition of the other fixed income characteristics provided.

Fixed Income Private Debt (asset class characteristic 2)                                                   Means an investment in a loan or debt that is not publicly issued or traded in a secondary market, which are not evidenced by the issue of debt securities.

Fixed Income Short Term (asset class characteristic 3)                                                     Means a debt security with an original term to maturity of one year or less.

Fixed Income Structured Non-Asset Backed (asset class characteristic 2)                                    Means a debt security created through a securitisation process which involves the pooling of assets, or interests in assets, in a special purpose vehicle (SPV), which is funded by the issue of securities and which is not backed by a pool of assets.

Fixed Income Term Deposit (asset class characteristic 2)                                                   Means money placed in a Banking Institution for a fixed period for a stated interest rate. Includes certificates of deposits and term deposits that do not qualify as cash equivalents.

Flat (tier type)                                                                                           Flat tier means that for members with a balance between the tier lower bound and tier upper bound, a flat expense or benefit will be applied to the members' entire balance.

Flat dollar amount                                                                                         Means the expense or benefit attributable to a member expressed as a flat dollar amount.

Foreign Exchange Contract (exposure type)                                                                  Means a contract that transfers the exchange rate risk on an underlying asset from one party to another. Includes: gold contracts.

Forwards (contract type)                                                                                   Means a negotiated agreement to exchange a predetermined amount of an underlying asset financial instrument at a specified future date and at a predetermined price.

Fund Operations And Corporate Overheads (expense group)                                                    Means the expense incurred for the provision of corporate overheads services and operation.

Futures (contract type)                                                                                    Means a standardised agreement to exchange a predetermined amount of an underlying asset financial instrument at a specified future date and at a predetermined price.

G

Gearing proportion                                                                                          Means the proportion of the investment value which is geared. Gearing represents