PET - Plain English Taxonomy

Attribute:	CS20540
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 amounts within the Statement of Derivative Activity unless specifically allowed by the relevant prudential (and/or) accounting standard

Dimensions

Dimension	Member	Description
BalanceTypeDimension	(FairValueAbsolute)	This dimension identifies the measurement approach used to calculate this amount. The value reported is the aggregate absolute amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction. The fair value should be able to be determined through observation of similar transactions, quoted market prices, independent valuations or if there is no readily observable market, through the ability to liquidate the item or through assessing the net present value of future cash flows.
ContractTypeDimension	(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.
DerivativeTypeDimension	(Options)	This dimension identifies what the derivative entitles you to do or obliges you to provide. An option is a financial instrument representing a transaction in which the buyer has a 'right' but not an 'obligation' to buy or sell a specified underlying item (real or financial) at agreed contract price (strike price) on or before a specified date if it is advantageous to them, hence asset. The writer of an option has given the buyer the right (but not obligation) to buy from/sell to them even if it causes them a loss. Hence the writer has the liability.
InvestmentChannelDimension	(NotRecognisedExchange)	This dimension categorises the reported data according to the channel or medium through which investments are made. These are investments that are not made through a recognised exchange for the products being transacted. These are typically referred to as "Unlisted" or "Over The Counter (OTC)" investments.
TransactionPositionDimension	(BoughtOrPurchased)	This dimension relates to which position of a financial transaction the reporting entity has entered into. This information relates to when the reporting entity has either bought or purchased a financial transaction.