PET - Plain English Taxonomy

Attribute: CS22675
Concept:
Label: Non-market Related Off Balance Sheet Business
Concept Guidance:
This is the value, as at the relevant date, all credit substitutes that are not transacted in financial markets.A credit substitute is any transaction that exposes the reporting party to counterparty credit risk that is not a direct extension of credit. Counterparty credit risk is the risk that the counterparty to the transaction will not fulfil their obligations under the contract. A direct extension of credit is where the reporting party provides funds or other on-balance sheet assets to the counterparty in the expectation that they will be repaid at some future date. 
Dimensions
Dimension Member Description
(NotionalPrincipalAmount)
This dimension identifies the measurement scenario under which the reported value was calculated.
The value reported is the notional principal amount. The notional principal amount represents the face value, or gross amount, of an off-balance sheet transaction.This does not represent the fair value.
(Grade1Other)
This dimension categorises the reported information in accordance with the type of counterparty the entity has transacted with.
The counterparty in relation to the information is categorised as grade 1 other than Commonwealth or foreign government, in accordance with relevant prudential standards.