PET - Plain English Taxonomy

Attribute: CS02185
Concept:
Label: Performance - Related contingencies
Concept Guidance:
This is the value, as at the relevant date, of any potential credit exposures arising from performance-related contingencies.           A performance-related contingency represents a contingent (off-balance sheet) liability that involves an irrevocable obligation to pay a third party in the event that a counterparty fails to fulfil or perform a contractual non-monetary obligation, such as delivery of goods by a specified date, etc (i.e. the risk of loss depends on a future event that is not directly related to the creditworthiness of the counterparty involved). This includes but is not limited to the following:     - issue of performance bond;     - bid bonds;     - warranties;     - indemnities; and     - standby letters of credit in relation to a non-monetary obligation of a counterparty under a particular transaction. 
Dimensions
Dimension Member Description
(RWA)
This dimension identifies the measurement approach used to calculate this amount.
The value reported is the risk-weighted asset amount or equivalent (such as risk-weighted exposure), as determined in accordance with relevant prudential standards.