PET - Plain English Taxonomy

Attribute: CS17554
Concept:
Label: Claims secured against standard eligible residential mortgages, and which are insured with an acceptable Lenders Mortgage Insurer (LMI)
Concept Guidance:
This is the value, as at the relevant date, of loans and all other claims secured against standard eligible residential mortgages, and which are insured with an acceptable Lenders Mortgage Insurer (LMI). For the purposes of this item, lenders mortgage insurance must provide cover for all losses up to at least 40 percent of the higher of the original loan amount and outstanding loan amount. An acceptable LMI must meet APRA's requirements or those of the overseas host supervisor, as detailed in relevant prudential standards.For the purposes of this item, the repayment of funds advanced must have been secured through a standard eligible residential mortgage to satisfy the debt in the case of default by the borrower, as determined in accordance with relevant prudential standards.A standard eligible mortgage is defined as a residential mortgage where the reporting party has:- prior to loan approval and as part of the loan origination and approval process, documented, assessed and verified the ability of the borrowers to meet their repayment obligation;- valued any residential property offered as security; and- established that any property offered as security for the loan is readily marketable.The reporting party must also revalue any property offered as security for such loans when it becomes aware of a material change in the market value of property in an area or region. 
Dimensions
Dimension Member Description
(NotPastDue90DOrImpaired)
This dimension classifies assets according to the likelihood of their full economic benefits being realised.
The data reported relates to items that have not been classified as past due for more than 90 days, and/or as impaired, in accordance with prudential standards.Credit exposures have been past due for more than 90 days where the following criteria are met:(1) the reporting party judges that the fair value of associated security, discounted to allow for reasonable realisation costs, is sufficient to cover the full outstanding value of the asset; and(2) the facility is not subject to a regular repayment schedule and has remained continuously outside contractual or approved arrangements for a period of 90 days; or(3) the facility is subject to a regular repayment schedule and: (3a) at least 90 calendar days have elapsed since the due date of a contractual payment that has not been met in full; and (3b) the total amount outside contractual arrangements is equivalent to at least 90 days' worth of contractual payments.
(CurrentBookValue)
This dimension categorises the reported data according to the measurement scenario under which the reported value was calculated.
The value reported is the current book value as determined in accordance with relevant prudential standards.The current book value represents the current outstanding amount of an on-balance sheet items including accrued interest or revaluations, and net of any specific provision or associated depreciation.
(ThirtyFivePercent)
This dimension is used to categorise on-balance sheet assets and off-balance sheet business (both market-related and non-market-related transactions) according to certain risk categories to broadly reflect their credit risk profiles. These weightings are determined in accordance with relevant prudential standards.
Information in relation to exposures with a credit risk weighting of 35% in accordance with the relevant prudential standards.
(GT90LTE100)
This dimension is used to categorise reported loan information according to the loan-to-valuation ratio (LVR) of the loan product.
Information in relation to loan products with a loan-to-valuation ratio (LVR) of greater than 90% but less than or equal to 100%.The LVR may be based on the valuation at origination or, where relevant, on a subsequent formal revaluation by an independent accredited valuer, as determined in accordance with relevant Prudential Standards.