PET - Plain English Taxonomy

Attribute: BSAO17622
Label: Securitised Assets
Concept Guidance:
This is the principal amount, gross of provisions for impairment and including accrued interest, of assets that have been sold to or originated into securitisation programs, by or on behalf of the reporting party, or by a third party to a securitisation program sponsored by the reporting party, as at the relevant date. A securitisation program represents a structure (a special purpose vehicle, or SPV) where the cash flows from a pool (of assets, or interests in assets) are used to service obligations to creditors (typically holders of debt securities) who fund the SPV.A SPV is a "bankruptcy-remote entity" with operations limited to the acquisition and financing of specific assets. Usually a subsidiary entity with balance sheet and legal status that makes its obligations secure even if the parent company goes bankrupt. 
Dimension Member Description
This dimension categorises reported information based on the type of relationship between two or more counterparties or based on the level of entity consolidation.
Report only where the counterparty does not have an intra-group relationship with the reporting party. An intra-group relationship exists between a reporting party and its parent entity, controlled entities, associated entities, joint ventures and other branches under the same parent entity.
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 a Commercial entity, being any of the following: - private and public trading enterprises, being organisations owned and controlled by either the private or public sector which produce goods or non financial services for sale at market prices. This excludes all unincorporated businesses, except for branches of non-resident companies, property and trading trusts, and joint ventures or partnerships owned by corporations; - private unincorporated business, being individuals acting as sole proprietors or in partnerships, for commercial or professional purposes; - community service organisations (CSOs), being charities and aid organisations financed by voluntary transfers and institutions financed mostly by members contributions. This does not include CSOs and non profit institutes controlled and mainly financed by government; - financial institutions; and - Government.
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.