PET - Plain English Taxonomy

Attribute: CS02502
Label: Liquidity Support Facilities - StandbyFacilities -Approved Balance Available
Concept Guidance:
This is the total approved balance, as at the relevant date, of standby facilities approved and committed to the reporting party. A standby facility is an arrangement in which a party has the right but not the obligation to draw down funds to a specified limit. Generally, the drawing party is required to provide written notice to trigger draw down (access to the funds) on these facilities.The approved balance of a facility is the maximum approved amount that can be drawn down in relation to that facility. 
Dimension Member Description
This dimension categorises reported information in relation to the timeframe for which the drawer must provide notice to the drawee of it's intention to draw down from a facility, before the funds are advanced.
The information reported relates to facilities for which more than five days notice is required to be provided to the drawee by the drawer of their intention to draw down (access the funds of) the facility.