| LRF_117_0: Asset Concentration Risk Charge | |||||||||
| Effective date: 1 January 2013 | |||||||||
| Australian Business Number | Institution Name | ||||||||
| Life companies, including friendly societies | |||||||||
| Reporting Period | Scale Factor | ||||||||
| Quarterly / Annual | Thousands | ||||||||
| Reporting Consolidation | |||||||||
| Statutory fund / general fund | |||||||||
| 1. Value of assets of the fund (VAF) | |||||||||
| 1.1. VAF used for asset concentration limits of non-reinsurance assets | |||||||||
| 1.2. VAF used for asset concentration limits for reinsurance assets | |||||||||
| 1.2.1. LRF 300: Total assets | |||||||||
| 1.2.2. Less: Gross policy liabilities ceded under reinsurance | |||||||||
| 1.2.3. Stressed policy liabilities gross of reinsurance | |||||||||
| 1.2.4. Less: Stressed policy liabilities net of reinsurance | |||||||||
| 2. Capital base | |||||||||
| 3. Large Exposures and contributions to asset concentration risk charge | |||||||||
| Specialist reinsurer? (Y/N) | |||||||||
| Section 1: Large exposures | |||||||||
| Exposure amount | |||||||||
| Name of counterparty | Name of counterparty group | ACN / ABN | Type of exposure | Name of provider of eligible credit support | Type of exposure after eligible credit support | Counterparty grade after eligible credit support | On-balance sheet | Off-balance sheet | Total |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
| (a) Aust State or Fed government or OS national government guaranteed assets | (a) Aust State or Fed government or OS national government guaranteed assets | 1 | |||||||
| (b) Life insurance policy issued by a related life company | (b) Life insurance policy issued by a related life company | 2 | |||||||
| (c) Bank bills | (c) Bank bills | 3 | |||||||
| (d) OS provincial government guaranteed assets | (d) OS provincial government guaranteed assets | 4 | |||||||
| (e) Bank deposits | (e) Bank deposits | 5 | |||||||
| (f) Reinsurance with non-related registered life company | (f) Reinsurance with non-related registered life company | 6 | |||||||
| (g) APRA approved reinsurance for OS business (specialist reinsurer stat fund) | (g) APRA approved reinsurance for OS business (specialist reinsurer stat fund) | 7 | |||||||
| (h) Outstanding premiums receivable by reinsurer from registered life company | (h) Outstanding premiums receivable by reinsurer from registered life company | ||||||||
| (i) Other actively traded security | (i) Other actively traded security | ||||||||
| (j) Non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties | (j) Non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties | ||||||||
| (k) Real estate or other income producing real property asset | (k) Real estate or other income producing real property asset | ||||||||
| (l) Reins with approved retrocessionaires (current grade 1, 2, or 3) | (l) Reins with approved retrocessionaires (current grade 1, 2, or 3) | ||||||||
| (m) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement) | (m) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement) | ||||||||
| (n) Any asset not covered by any of the above categories | (n) Any asset not covered by any of the above categories | ||||||||
| (o) Combination of multiple exposures | (o) Combination of multiple exposures | ||||||||
| Section 2: Asset Concentration Risk Charge | |||||||||
| Name of counterparty group | Eligible credit support applied? | Type of exposure after eligible credit support | Net exposure | Asset Concentration Risk Charge limits | Asset Concentration Risk Charge | ||||
| (1) | (2) | (3) | (4) | (5) | (6) | ||||
| Yes | (a) Bank bills or assets guaranteed by OS provincial government | ||||||||
| No | (b) Bank deposits | ||||||||
| (c) Reins with non-related reg life comp or APRA approved reins for OS business | |||||||||
| (d) Outstanding premiums receivable by reinsurer from registered life company | |||||||||
| (e) Other actively TS/non-TS, loan or reins/real estate/other income prod assets | |||||||||
| (f) Reins with approved retrocessionaires (current grade 1, 2, or 3) | |||||||||
| (g) Reins with approved retrocessionaires (grade 1, 2 or 3 at time of agreement) | |||||||||
| (h) Asset not covered by any of the above categories | |||||||||
| Section 3: Totals and risk charges | |||||||||
| 4. Aggregate of excess exposures subjected to asset concentration risk charge | |||||||||
| of which excess exposures that are: | |||||||||
| 4.1. Bank bills or assets guaranteed by OS provincial government whose currency the fund liabilities are denominated | |||||||||
| 4.2. Bank deposits | |||||||||
| 4.3. Reinsurance with non-related registered life company or APRA approved reinsurance for OS business, with a related entity of a registered life company that has a specialist reinsurer statutory fund | |||||||||
| 4.4. Outstanding premiums receivable by reinsurer from registered life company | |||||||||
| 4.5. Other actively trade security, non-trade security, loan or reinsurance with grade 1, 2, or 3 counterparties, real estate or other income producing real property asset | |||||||||
| 4.6. Reinsurance with approved retrocessionaires (current grade 1, 2, or 3) | |||||||||
| 4.7. Reinsurance with approved retrocessionaires (grade 1, 2, or 3 at time of agreement) | |||||||||
| 4.8. Asset not covered by any of the above categories | |||||||||
| 5. Adjustments to asset concentration risk charge as approved by APRA | |||||||||
| Description | Transitional? | Amount | |||||||
| (1) | (2) | (3) | |||||||
| Yes | |||||||||
| No | |||||||||
| 6. Asset concentration risk charge | |||||||||
