Document ID: chunk:federal_register_of_legislation:F2013L00981:body:0:p7
Version: federal_register_of_legislation:F2013L00981
Segment Type: other
Provision Reference: 
Character Range: 16888–20281

reported in item 5.7.

                                                                    Report a description of the other transfers into ORFR reserve 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 reserve                                         Represents amounts transferred to the ORFR reserve resulting in an increase in the ORFR reserve. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Transfers from other reserves to address an operational risk event  Represents the amount transferred into the ORFR reserve from other reserves to provide funds to rectify a particular loss caused by an operational risk. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Other transfers from other reserves                                 Represents the amount transferred into the ORFR reserve from another type of reserve of the RSE that is not reported as transfers from other reserves to address an operational risk event. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Deductions from members benefits                                    Represents the amount 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. These monies 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. These monies replenish the financial resources held to meet the operational risk financial requirement after a loss. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Earnings on reserve                                                 Represents the total value earned via investing the amount held in a reserve.

Item 6                                         Report transfers out of ORFR reserve in item 6 as gross of transfers into ORFR reserve.

                                               Item 6.4 is a derived item. Report other transfers out of ORFR reserve in item 6.4 as total transfers out of ORFR reserve reported in item 6.5 minus the sum of transfers to other reserves reported in item 6.1, payments to address an operational risk event reported in item 6.2 and loss on reserve reported in item 6.3.

                                               Report details of other transfers out of ORFR reserve on separate lines in item 6.4.1. The sum of the items in column 2 of item 6.4.1 must equal the amount of other transfers out of ORFR reserve reported in item 6.4. Report the aggregate of ORFR reserve surplus distributed in item 6.4.1 and report the detail in item 8.

                                               Report a description of the other transfers out of ORFR reserve in column 1 and the value in column 2.