PET - Plain English Taxonomy

Attribute: CS02177
Concept:
Label: Direct Credit Substitutes - Bill Endorsements
Concept Guidance:
This is the value, as at the relevant date, of bills that have been endorsed under bill endorsement lines, but have not been accepted by, or have the prior endorsement of, another ADI. Report only bills that constitute direct credit substitutes.     A direct credit substitute is any irrevocable off-balance sheet obligation that carries the same credit risk as a direct extension of credit, such as an undertaking to make a payment to a third party in the event that a counterparty fails to meet a financial obligation, or an undertaking to a counterparty to acquire a potential claim on another party in the event of default by that party (i.e. the risk of loss depends on the creditworthiness of the counterparty or the party on that a potential claim is acquired). 
Dimensions
Dimension Member Description
(NotionalPrincipalAmount)
This dimension categorises the reported data according to the measurement scenario under which the reported value was calculated.
The value reported is the notional principal amount. The notional principal amount represents the face value, or gross amount, of an off-balance sheet transaction.This does not represent the fair value.
(Standardised)
This dimension categorises information reported in relation to the capital adequacy approach adopted, as determined in accordance with relevant prudential standards.
The information reported is for capital adequacy purposes and has been determined under the standardised approach to calculating capital adequacy, in accordance with relevant prudential standards.