PET - Plain English Taxonomy

Attribute:	E11481
Concept:	Assets Derivative Financial Instruments Total Amount
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
BalanceTypeDimension	(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.
ContractTypeDimension	(ForeignExchangeIncludingGoldContracts)	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 any contract that transfers the exchange rate risk of an underlying asset from one party to another. Include gold contracts as a currency.
DerivativeFinancialInstrumentExposureDimension	(InvestmentPortfolioDerivativeExposures)	This dimension identifies what is the type of derivative financial instrument exposure. The value reported is the amount of any derivative exposure that relates to the reporting insurer's investment assets, either as hedging a component of the underlying investments or as an outright investment.