PET - Plain English Taxonomy

Attribute: CS17639
Label: Claims secured against both standard and non-standard eligible residential mortgages
Concept Guidance:
This is the value, as at the relevant date, of loans and all other on-balance sheet claims secured against eligible residential mortgages.For the purposes of this item, the repayment of funds advanced must have been secured through an eligible residential mortgage to satisfy the debt in the case of default by the borrower, as determined in accordance with relevant prudential standards. 
Form-Specifc Guidance:
Refer to Prudential Standard APS 220 Credit Quality for the definition of '90 days past due' and 'impaired'.
For the purpose of defining the secured portion of past due claims, qualifying collateral and guarantees will be the same as those recognised for CRM purposes (refer to APS 112).
Dimension Member Description
This dimension classifies assets according to the likelihood of their full economic benefits being realised.
The data reported relates to items that have been classified as being past due for more than 90 days, and/or are classified as impaired, and where total claims covered by a single insurer do not exceed the reporting party's large exposure limits, as determined 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.
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 after taking to account the credit risk mitigation (CRM) techniques used by the reporting party. This amount is to be determined and adjusted for CRM in accordance with relevant prudential standards. The current book value represents the current outstanding amount of an on-balance sheet item including accrued interest or revaluations, and net of any specific provision or associated depreciation.
This dimension is used to categorise reported information based on insurance cover.
The information reported relates to those mortgages which are insured by an acceptable Lender's Mortgage Insurer (LMI), as determined in accordance with relevant prudential standards.To qualify as a mortgage insured by an acceptable LMI:(a) for the purposes of the Level 1 regulatory capital, the LMI must be regulated by APRA;(b) for the purposes of the Level 2 regulatory capital, in the case of overseas subsidiaries of Australian ADIs, APRA will accept the host supervisors' requirements on what constitutes an acceptable LMI in those jurisdictions.