PET - Plain English Taxonomy

Attribute:	CS22902
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	(PrincipalAmountAbsolute)	This dimension identifies the measurement approach used to calculate this amount. 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.
CommodityTypeDimension	(MetalCommoditiesPrecious)	This dimension categorises the reported data according to the type of commodity contract. The information reported is in relation to contracts classified as metals that are considered to be rare and/or have a high economic value. Precious metals may include, but are not limited to: gold, silver, platinum, iridium, rhodium and palladium.
ContractTypeDimension	(CommodityExcludingGoldContracts)	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 commodity price risk associated with the underlying asset from one party to another. Excluding gold contracts.
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	(WrittenOrSold)	This dimension relates to which position of a financial transaction the reporting entity has entered into. This information relates to when a reporting entity has either written or sold a financial transaction.