Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p5
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 12166–15052

to each item.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

ORFR basis

Item 1 collects information about how the financial resources to meet the RSE licensee's ORFR are held, namely whether it is held as trustee capital, a reserve or a combination of trustee capital and a reserve.

Reporting basis: report item 1 as at the end of the reporting period.

Item 1                Report how the financial resources to meet the RSE licensee's ORFR are held in item 1 as ORFR trustee capital, ORFR reserve or a combination of ORFR trustee capital and at least one ORFR reserve with respect to the RSE licensee's business operations.

                      If ORFR reserve is reported in item 1, leave item 8 to item 10 inclusive blank.

ORFR trustee capital  Represents trustee capital held by the RSE licensee for the purposes of meeting the operational risk financial requirement. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

ORFR reserve          Represents the reserve held within an RSE within the RSE licensee's business operations for the purposes of meeting the operational risk financial requirement. An ORFR reserve must be separately identifiable from member accounts and reserves held in the RSE for other purposes. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Details of the RSE licensee's ORFR

Item 2 to item 5 inclusive collect information on certain features of the RSE licensee's ORFR, including the ORFR target amount, the ORFR trustee capital held and the ORFR tolerance limit and how these amounts are attributed across the RSE licensee's business operations.

Reporting basis: report item 2 to item 5 inclusive as at the end of the reporting period.

Unit of measurement: report item 2 to item 5 inclusive in thousands of dollars.

Item 2                              Item 2 column 1 is a derived item. Report in item 2 the ORFR target amount in item 2 that is attributed across the RSE licensee's business operations in column 1 as the sum of the ORFR target amount reported as attributed to RSEs (excluding SAFs and SMADFs) in column 2, attributed to SAFs and SMADFs in column 3 and not attributed to any particular RSE, SAF or SMADF in column 4.

ORFR target amount                  Represents the target amount of financial resources to address the operational risks of each RSE within the RSE licensee's business operations. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

RSE licensee's business operations  Represents all activities as an RSE licensee (including the activities of each RSE within its business operations) and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee.

Item 3