Document ID: chunk:federal_register_of_legislation:F2013L00981:body:0:p8
Version: federal_register_of_legislation:F2013L00981
Segment Type: other
Provision Reference: 
Character Range: 20017–23005

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. Report a description in column 1 that includes the destination of the transfer.

Transfers out of ORFR reserve                  Represents amounts transferred out of the ORFR reserve resulting in a decrease in the ORFR reserve. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Transfers to other reserves                    Represents the amount transferred out of the ORFR reserve to another type of reserve of the RSE that has met the RSE licensee's criteria for determining when and how the financial resources held to meet the operational risk financial requirement can be called upon. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Payments to address an operational risk event  Represents the amount of money transferred out in order to address an operational risk event that has met the RSE licensee's criteria for determining when and how the financial resources held to meet the operational risk financial requirement can be called upon. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Loss on reserve  Represents the total value of loss via investing the amount held in a reserve.

ORFR reserve surplus distributed

Item 7 collects information on distributions of an ORFR reserve surplus.

Reporting basis: report item 7 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 7 column 2 in thousands of dollars.

Item 7                If an RSE licensee distributed an ORFR reserve surplus during the period, report item 7; otherwise, leave item 7 blank.

                      Report the value of the ORFR reserve surplus distributed to member accounts in item 7.1 and distributed to employer sponsors in item 7.2.

                      Item 7.3 is a derived item. Report the value of ORFR reserve surplus distributed to other recipients in item 7.3 as total ORFR reserve surplus distributed reported in item 7.4 minus ORFR reserve surplus distributed to member accounts in item 7.1 and distributed to employer sponsors in item 7.2.

                      Report details of ORFR reserve surplus distributed to other recipients on separate lines in item 7.3.1. The sum of the items in column 2 must equal the value of ORFR reserve surplus distributed to other recipients reported in item 7.3.

                      Report a description of the other recipient in column 1 and the value in column 2.

ORFR reserve surplus  Represents an amount of the financial resources held in the form of ORFR reserve to meet the ORFR target amount that the RSE licensee has determined exceeds the ORFR target amount, and the excess financial resources are not needed for