Document ID: chunk:federal_register_of_legislation:F2023L01437:body:0:p4
Version: federal_register_of_legislation:F2023L01437
Segment Type: other
Provision Reference: 
Character Range: 8246–11176

Regulation Authority Act 1998.
    APS 001 means Prudential Standard APS 001 Definitions.
    Authorised NOHC has the meaning given in the Banking Act.
    Banking Act means the Banking Act 1959.
    Branch of a foreign bank means a foreign ADI as defined in the Banking Act.
    Business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
    Central counterparty (CCP) means a clearing house that interposes itself 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. For the purposes of the capital framework, a CCP is a financial institution.
    Credit conversion factor (CCF) means the percentage value used to convert an off-balance sheet exposure into an on-balance sheet equivalent (i.e. the credit equivalent amount). CCFs are generally pre-defined in the form and correspond to the CCFs detailed in Attachment E of Prudential Standard APS 180 Capital Adequacy: Counterparty Credit Risk (APS 180) for market-related off-balance sheet exposures. Where CCFs have not been pre-defined in the form, the ADI does not need to report a CCF as more than one CCF may have been used in relation to that exposure type (see the section below for column 5 Credit equivalent amount).
    Credit equivalent amount (CEA) means the on-balance sheet equivalent of an off-balance sheet exposure. These include all market-related transactions held in the banking and trading books that give rise to off-balance sheet credit risk and are eligible for the current exposure method. Refer to Attachment E of APS 180 for details of how to calculate CEAs for various types of transactions under the current exposure method.
    Credit rating grade has the meaning given in APS 001.
    Current exposure means, for each type of market-related off-balance sheet exposure, the sum of the positive mark-to-market value (or replacement cost) of each individual contract within each classification.
    Derivative has the meaning given in CPS 226.
    Due date means the last day of the 35 calendar days provided for in paragraph 9 or, if applicable, the relevant due date under paragraph 10 or the date on a notice of extension given under paragraph 11.
    Eligible bilateral netting agreement has the meaning given in paragraph 9 of Attachment H of Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112).
    Exchange traded derivative means a derivative that is transacted directly through an organised, licensed and regulated exchange.
    External Credit Assessment Institution (ECAI) has the meaning given in APS 001.
    Fair value means the amount for which an asset could be exchanged, or a liability settled, between knowledgeable and