PET - Plain English Taxonomy

Attribute: BSAO11095
Label: Impairment: Loans and Advances - Revolving Credit
Concept Guidance:
This is the value of provisions for impairment in relation to revolving credit provided by the reporting party, as at the relevant date.Revolving credit is a loan arrangement in which the borrowing party may repay funds on loan and immediately borrow it again up to an agreed limit. 
Dimension Member Description
This dimension categorises the reported data according to the type of counterparty the entity has transacted with.
The counterparty in relation to the information is an individual, or group of individuals, whose dealings with the reporting party are for personal or household purposes. This does not include circumstances in which the counterparty is dealing with the reporting party in relation to a business or enterprise, regardless of how that business or enterprise is structured.
This dimension identifies the type of impairment
The value reported relates to a general reserve for credit losses in respect of the class of assets to which the asset belongs. This value is determined in accordance with prudential standards.
Information in relation to the intended purpose of the counterparty in regards to loan agreements entered into by the entity.
Information in relation to loans where the funds are not used for the purchase, renovation or development of residential property.