PET - Plain English Taxonomy

Attribute: CS02183
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
(NotionalPrincipalAmount)
This dimension identifies 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.