PET - Plain English Taxonomy

Attribute: CS09011
Concept:
Label: Off-balance sheet irrevocable commitments
Concept Guidance:
The value for the contingent funding obligation (liability) that could generate outflows during the remaining period to maturity. This is in accordance with the Accounting Standard AASB 137. 
Dimensions
Dimension Member Description
(UndrawnFormalStandbyFacilities)
Information in relation to the intended purpose of the counterparty in regards to loan agreements entered into by the entity.
Information in relation to loan agreements entered into by the entity for undrawn irrevocable commitments in the form of formal standby facilities to the entity's customers. This represents the maximum unused portion of the commitment that could be drawn during the remaining period to maturity. This does not include standby facilities in place to support the entity's operations. A formal standby facility is a formalised arrangement in which the counterparty has the right but not the obligation to draw down funds to a specified limit. Also exclude any Australian prudential regulation authority approved industry support arrangements.