PET - Plain English Taxonomy

Attribute: E11348
Concept:
Label: Derivative Contracts
Concept Guidance:
This is the value, as at the relevant date, of derivative financial instruments held by the reporting entity. This item is to be determined in accordance with accounting standards.A derivative is a financial instrument that is derived from some other asset, index, value or other variable (known as the underlying). Derivatives allow risk about the price of the underlying asset to be transferred from one party to another. 
Form-Specifc Guidance:
Netting should not be applied when reporting amount swithin the Statement of Derivative Activity unless specifically allowed by the relevant prudential (and/or) accounting standard.
Dimensions
Dimension Member Description
(PrincipalAmountAbsolute)
This dimension identifies the measurement scenario under which the reported value was calculated.
The value reported is the absolute principal (notional principal) amount. That is, the amount must be reported as a positive value even for short positions. The principal (notional) represents the outstanding face value, or gross amount, of an on (or off) balance sheet asset or liability.
(InterestRateContracts)
This dimension categorises the reported data according to the underlying contract associated with a type of financial risk.
The information reported is in relation to contracts that transfer the interest rate risk of an underlying asset from one party to another.
(RecognisedExchange)
The channel or medium through which investments are made
These are investments that are made through a recognised exchange for the products being transacted. These are typically referred to as "Listed" or "Exchange Traded" investments.