PET - Plain English Taxonomy

Attribute:	BSAO29066
Concept:	Financial Risk Market Weighted Average Cost Of Funds On New Finance Percent
Label:	Cost of funds for new finance funded in the month
Concept Guidance:	This is the weighted sum of individual costs of funds for new finance that was funded in the reporting period, as at the end of the reporting period, 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 'charged' to the relevant business area.

Dimensions

Dimension	Member	Description
FinancePurposeDimension	(Personal)	Information in relation to the intended purpose that the finance will be used for. Transactions by persons within the household sector whose dealings with other sectors are for purposes other than business purposes or housing purposes.
InstitutionalUnitResidencyDimension	(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.
InterestRateTypeDimension	(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.
LoanTypeDimension	(FixedTermLoans)	A list that identifies loan types. The reported information relates to loans extended for a fixed period, with a maturity date by which the loan must be repaid. Repayments over the fixed period reduce the credit outstanding and do not make further finance available.
StageOfFinanceDimension	(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.