PET - Plain English Taxonomy

Attribute: BSAO28737
Concept:
Label: Weighted average interest rate on new finance
Concept Guidance:
This is the weighted sum of individual interest rates, as at the end of the reporting period, on new finance that was funded in the reporting period, where the weights used are the corresponding balances expressed as a share of the total balance. The interest rate is the contractual rate to be paid to or received by the customer/counterparty/debtholder. 
Dimensions
Dimension Member Description
(New)
Information in relation to the status of an activity.
The status of the activity is new.
(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.
(NonResidentIndividualEnterpriseOrOther)
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 outside Australia's economic territory. Including households whose principal place of residence is overseas; and foreign branches and foreign subsidiaries of Australian enterprises, but not Australian-based branches and subsidiaries of foreign enterprises.
(Funded)
The information provided relates to the various steps in the provision of finance.
The information provided is considered funded for a loan or finance lease once any portion of the funds is made available for the borrower to draw down according to the terms of the contract. This will occur after there is a borrower-accepted commitment to provide finance.
(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.