PET - Plain English Taxonomy

Attribute: E16331
Concept:
Label: Derivative position adjustments
Concept Guidance:
SNA 2008 derivatives adjustments are valuation changes made by a reporting entity that are not related to the market value of the underlying derivative contract (e.g. credit valuation adjustment).Adjustments are calculated and applied at either the counterparty or portfolio level. 
Form-Specifc Guidance:
Adjustments, where possible, should not be included in reported values. If adjustments cannot be removed from reported values, then any adjustments included in reported values must also be reported separately in the adjustment section at either the counterparty or portfolio level.
Dimensions
Dimension Member Description
(RecognisedClearingHousesCentralCounterparties)
This dimension categorises the reported data according to relationships with recognised clearing houses and central counterparties.
Clearing houses and central counterparties (CCPs) are financial auxiliaries according to ANZSIC 2006. Recognised CCPs are clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement.
(NonResidentFinancialInstrument)
This dimension categorises reported information according to the residency of the institutional unit or the issuer of the financial instrument.
The information categorises financial instruments (debt, equity or hybrids) that are issued by non-resident institutional units. Neither the place nor the currency of issuance are to be used to determine residency of a financial instrument unless directed otherwise. Derivative contracts are considered non-resident financial instruments if the counterparty is a non-resident institutional unit.
(CounterpartyLevel)
This dimension categorises the reported data according to the calculation level of SNA 2008 derivative adjustments.
SNA 2008 derivative adjustments are calculated at counterparty level.