PET - Plain English Taxonomy

Attribute: BSAO28623
Concept:
Label: Weighted average cost of funds for credit outstanding
Concept Guidance:
This is the weighted sum of individual costs of funds for credit outstanding, where the weights used are the corresponding balances expressed as a share of the total balance. The cost of funds is the institution's internal funds transfer pricing rate for an asset. The price is established by the institution's treasury area and is 'charged' to the relevant business area. 
Dimensions
Dimension Member Description
(LoansFinanceLeasesBillAcceptances)
This dimension is used to segment data reported based on the categories of exposures.
The reported information relates to business finance which covers loans, finance leases and bill acceptances. Finance leases are leases that transfers substantially all the risks and rewards incidental to the ownership of the asset. Title may or may not eventually be transferred.Bill acceptances are bills of exchange that have been signed by the drawee, which 'accepts' liability to pay out the funds on the due date. The drawer incurs a corresponding liability towards the drawee. Loans are financial assets that are: (1) created when a creditor lends funds directly to a debtor; and (2) are evidenced by non-negotiable documents.
(NonIntraGroupDomestic)
This dimension categorises reported information based on the type of relationship between two or more counterparties or based on the level of entity consolidation.
The information reported is in relation to non-intra-group transactions or positions where the counterparty is not a related party of the authorised deposit-taking institution (ADI) or registered financial corporation (RFC) at the domestic books level.
(Business)
Information in relation to the intended purpose that the finance will be used for.
Transactions by persons, legal entities or other organisations related to their activities in the production and sale of goods and services for profit. In addition to transactions by non-for-profit organisations such as community service organisations.
(ResidentIndividualEnterpriseOrOther)
This dimension categorises reported information according to the residency of the institutional unit or the issuer of the financial instrument.
The information categorises any institutional unit whose centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Including households whose principal place of residence is in Australia; and Australian branches and Australian subsidiaries of foreign enterprises, but not foreign branches and foreign subsidiaries of Australian enterprises.
(Variable)
Information in relation to the interest rate type applicable to an interest-bearing agreement.
Information in relation to variable interest rates. These are interest rates that fluctuate over the term, or life, of the agreement. Fluctuations in interest rates generally occur at the discretion of the lender and/or in response to movements in some other interest rate or variable specified in the contract. These fluctuations may result in changes in either the payments or length of the loan term.
(Small)
This dimension categorises the information in relation to the turnover of the business and the counterparty exposure size.
A business is classified as small if the reporting entity has an exposure to the business that is less than $1 million and the business has turnover of less than $50 million.
(CreditOutstanding)
The information provided relates to the various steps in the provision of finance.
The information relates the remaining value that the borrower must repay once a borrower-accepted commitment has been drawn down.
(PrivatePublicSectorBusinesses)
This dimension categorises the reported information according to the Standard Economic Sector Classifications of Australia (SESCA).
Community service organisations, non-financial businesses and financial institutions.