PET - Plain English Taxonomy

LRF_117_0: Asset Concentration Risk Charge
Australian Business Number Institution Name
  Life companies, including friendly societies
Reporting Period Scale Factor  
Quarterly / Annual Thousands
Reporting Consolidation
Statutory fund / general fund
1. Value of assets of the fund (VAF)  
1.1. VAF used for asset concentration limits of non-reinsurance assets
1.2. VAF used for asset concentration limits for reinsurance assets
1.2.1. LRF 300: Total assets
1.2.2. Less: Gross policy liabilities ceded under reinsurance
1.2.3. Stressed policy liabilities gross of reinsurance
1.2.4. Less: Stressed policy liabilities net of reinsurance
 
2. Capital base
3. Large Exposures and contributions to asset concentration risk charge
 
Specialist reinsurer? (Y/N)
Section 1: Large exposures
              Exposure amount
Name of counterparty Name of counterparty group ACN / ABN Type of exposure Name of provider of eligible credit support Type of exposure after eligible credit support Counterparty grade after eligible credit support On-balance sheet Off-balance sheet Total
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
  (a) Aust State or Fed government or OS national government guaranteed assets   (a) Aust State or Fed government or OS national government guaranteed assets 1
  (b) Life insurance policy issued by a related life company   (b) Life insurance policy issued by a related life company 2
  (c) Bank bills   (c) Bank bills 3
  (d) OS provincial government guaranteed assets   (d) OS provincial government guaranteed assets 4
  (e) Bank deposits   (e) Bank deposits 5
  (f) Reinsurance with non-related registered life company   (f) Reinsurance with non-related registered life company 6
  (g) APRA approved reinsurance for OS business (specialist reinsurer stat fund)   (g) APRA approved reinsurance for OS business (specialist reinsurer stat fund) 7
  (h) Outstanding premiums receivable by reinsurer from registered life company   (h) Outstanding premiums receivable by reinsurer from registered life company
  (i) Other actively traded security   (i) Other actively traded security
  (j) Non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties   (j) Non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties
  (k) Real estate or other income producing real property asset   (k) Real estate or other income producing real property asset
  (l) Reins with approved retrocessionaires (current grade 1, 2, or 3)   (l) Reins with approved retrocessionaires (current grade 1, 2, or 3)
  (m) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement)   (m) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement)
  (n) Any asset not covered by any of the above categories   (n) Any asset not covered by any of the above categories
  (o) Combination of multiple exposures   (o) Combination of multiple exposures
Section 2: Asset Concentration Risk Charge
Name of counterparty group Eligible credit support applied? Type of exposure after eligible credit support Net exposure Asset Concentration Risk Charge limits Asset Concentration Risk Charge
(1) (2) (3) (4) (5) (6)
  Yes (a) Bank bills or assets guaranteed by OS provincial government
  No (b) Bank deposits
  (c) Reins with non-related reg life comp or APRA approved reins for OS business
  (d) Outstanding premiums receivable by reinsurer from registered life company
  (e) Other actively TS/non-TS, loan or reins/real estate/other income prod assets
  (f) Reins with approved retrocessionaires (current grade 1, 2, or 3)
  (g) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement)
  (h) Asset not covered by any of the above categories
Section 3: Totals and risk charges
4. Aggregate of excess exposures subjected to asset concentration risk charge
of which excess exposures that are:  
4.1. Bank bills or assets guaranteed by OS provincial government whose currency the fund liabilities are denominated
4.2. Bank deposits
4.3. Reinsurance with non-related registered life company or APRA approved reinsurance for OS business, with a related entity of a registered life company that has a specialist reinsurer statutory fund
4.4. Outstanding premiums receivable by reinsurer from registered life company
4.5. Other actively trade security, non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties, real estate or other income producing real property asset
4.6. Reinsurance with approved retrocessionaires (current grade 1, 2, or 3)
4.7. Reinsurance with approved retrocessionaires (grade 1, 2, or 3 at time of agreement)
4.8. Asset not covered by any of the above categories
 
5. Adjustments to asset concentration risk charge as approved by APRA
Description Transitional? Amount
(1) (2) (3)
  Yes
  No
6. Asset concentration risk charge