Document ID: chunk:federal_register_of_legislation:F2019L00830:body:0:p29
Version: federal_register_of_legislation:F2019L00830
Segment Type: other
Provision Reference: 
Character Range: 79368–82233

securities purchased not delivered/security settlements – record payables for unsettled purchases of securities only with financial institutions here. This item only arises if securities are recorded on a settlement date basis as opposed to a trade date basis; and
     * Vostro balances from ADIs and other financial institutions.
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
2.1 Due to RBA or central banks
Include:
     * settlement account balances due to the RBA. Funds borrowed from the RBA should also be reported in this data item.
2.2 Due to ADIs
Include:
     * settlement account balances due to ADIs.
2.3 Due to RFCs
Include:
     * settlement account balances due to RFCs.
2.4 Due to other financial institutions
Include:
     * settlement account balances due to other financial institutions.
2.5 Total due to financial institutions
Sum the reporting items for amounts due to Australian resident financial institutions.
3. Acceptances
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on customers. The ADI expects most acceptances to be presented before being reimbursed by the customers. These bills of exchange are not held as part of the ADI's asset portfolio. Acceptances are accounted for and disclosed as a liability with a corresponding contra asset. The contra asset is recognised to reflect the ADI's claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in an ADI's asset portfolio should be excluded from this item. Include these holdings of own acceptances under either Securities held for trading or Securities not held for trading.
Netting is allowed in accordance with the requirements specified in the Australian accounting standards (i.e. only if there is a legal right to set off and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Acceptances generate fee income that is taken to profit and loss when earned.
4. Deposits
4.1.1 Deposits: Call/on demand: Transaction accounts
Transaction accounts include the following:
     * Cheque
Accounts which provide checking facilities of any kind. This account can either be interest bearing or non-interest bearing. This account may be linked with other accounts offering transaction or non-transaction facilities. Do not include accounts which have a cheque facility but a cheque book has never been issued.
     * Other payment methods
Accounts from which payments may be made to third parties – Automated Teller Machines (ATMs), debit card or another electronic device.
All deposits are to be reported net off any setoffs (only if in accordance with AASB 132, AASB 7 and AASB 9).
Exclude from this classification:
     * negotiable and transferable