PET - Plain English Taxonomy

Attribute:	BSAO29040
Concept:	Financial Risk Market Weighted Average Interest Rate On New Finance Percent
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
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.
LoanTypeDimension	(CreditCards)	A list that identifies loan types. A card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit.
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.