PET - Plain English Taxonomy

Attribute: BSAO28920
Concept:
Label: Weighted average interest rate on new finance funded in the month
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.
(Loans)
This dimension is used to segment data reported based on the categories of exposures.
The information reported is in relation to loans. Loans means a financial asset that is: (1) created when a creditor lends funds directly to a debtor; and (2) is evidenced by non-negotiable documents.
(FirstHomeBuyer)
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 first home buyer, being a borrower entering the home ownership market for the first time, whether or not they are purchasing for owner-occupied or investment purposes.
(Housing)
Information in relation to the intended purpose that the finance will be used for.
Transactions by households related to the provision of residential property for use by the household sector.
(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.
(Fixed)
Information in relation to the interest rate type applicable to an interest-bearing agreement.
Information in relation to fixed interest rates. These are interest rates that: (a) do not fluctuate over the term, or life, of the agreement; or (b) some part of the original term, or life, of the agreement. Where an interest rate is only fixed for some part of the original term, at the end of the fixed interest rate period the contract may provide for transition to a variable interest rate or for a new interest rate to be negotiated.
(InvestmentHousing)
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 for the purpose of housing, where the funds are used for a residential property that is not owner-occupied.
(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.