PET - Plain English Taxonomy

Attribute:	CS11767
Concept:	Financial Risk Credit Guarantees Letters Of Credit Received Amount
Label:	Guarantees and Standby Letters of Credit Provided
Concept Guidance:	This is the value, as at the relevant date, of guarantees and standby letters of credit provided to the reporting party, as determined in accordance with relevant prudential standard.A guarantee is a pledge or agreement to be responsible for another party's debt or contractual performance if that other party does not pay or perform.A standby letter of credit is an irrevocable undertaking given by a third party to pay an amount owing to the reporting party should the original counterparty default.

Dimensions

Dimension	Member	Description
CounterpartyRatingAfterEligibleCreditSupportDimension	(CS23764)	This dimension categorises the counterparty grade after eligible credit support provided according to the long-term and short-term credit rating grades of the provider as determined by various rating agencies.Long-term ratings. Rating Grade1: Standard & Poor's AAA; Moody's Aaa; AM Best Debt aaa; AM Best FSR A++; Fitch AAA;Rating Grade2: Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best Debt Debt aa+, aa, aa-; AM Best FSR A+; Fitch AA+, AA, AA-;Rating Grade3: Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best Debt a+, a, a-; AM Best FSR A, A-; Fitch A+, A, A-;Rating Grade4: Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best Debt bbb+, bbb, bbb-; AM Best FSR B++, B+; Fitch BBB+, BBB, BBB-;Rating Grade5: Standard & Poor's BB+, BB, BB- ; Moody's Ba1, Ba2, Ba3; AM Best Debt bb+, bb, bb-; AM Best FSR B, B-; Fitch BB+, BB, BB-;Rating Grade6: Standard & Poor's B+, B, B- ; Moody's B1, B2, B3; AM Best Debt b+, b, b-; AM Best FSR C++, C+, C, C-; Fitch B+, B, B-;Rating Grade7: Standard & Poor's Below B-; Moody's Below B3; AM Best Debt Below b-; AM Best FSR Below C-; Fitch CCC or Below;Short-term ratingsRating Grade1: Standard & Poor's A+, AM Best AMB-1+; Fitch F1+;Rating Grade2: Standard & Poor's A1; Moody's P1; AM Best AMB-1; Fitch F1;Rating Grade3: Standard & Poor's A2; Moody's P2; AM Best AMB-2; Fitch F2;Rating Grade4: Standard & Poor's A3; Moody's P3; AM Best AMB-3; Fitch F3;Rating Grade6: Standard & Poor's B; Moody's NP Vulnerable; AM Best AMB-4; Fitch B;Rating Grade7: Standard & Poor's C; Moody's NP Currently Vulnerable; Fitch C;
CounterpartyRelationshipTypeDimension	(CS11771)	This dimension categorises reported information based on the type of relationship between two or more counterparties.
InvestmentRiskCapitalFactorUnderlyingAssetsDimension	(CS20968)	This dimension is used to categorise the reported information based on investment risk capital factors applicable to the underlying assets, as determined in accordance with prudential standards.
NameOfEntityProvidingGuaranteeOrLetterOfCreditDimension	(CS11766)	The reported information relates to the name of the entity providing the guarantee or letter of credit.
RelatedToReinsuranceRecoverablesFromNonAPRAAuthorisedReinsurersIndicatorDimension	(CS20968)	This dimension categorises the reported information based on whether or not it is Related To Reinsurance Recoverables From Non APRA Authorised Reinsurers.