PET - Plain English Taxonomy

Attribute:	E14030
Concept:	Assets Derivative Financial Instruments Other Contracts Bought Amount
Label:	Other Derivative Contracts - Long
Concept Guidance:	This is a balancing item in the list in which it is being used.This balancing item represents total derivative contracts less those contracts which are classed as any of the following:- Interest rate contracts;- Foreign exchange contracts;- Gold contracts; - Precious metals contracts; or- Equity contracts.Bought (long) positions represent assets, or instruments, that have been purchased by the reporting party. With regard to options, this refers to the purchase of the option contract itself.Options provide the reporting party with the right but not the obligation to buy (call options) or sell (put options) a specific amount of an asset on or before a specified future date.Derivatives are generally defined as those instruments/contracts, where the value is based on other products, and/or on prices associated with financial products. Derivative contracts involve:- Future delivery, receipt or exchange of financial items such as cash or another derivative instrument; or- Future exchange of real assets for financial items where the contract may be tradeable and has a market value.The contracts can either be binding on both parties (e.g. as with a currency swap) or subject to the exercise by one party of a right contained within the contract (as with options).Report this item regardless of whether favourable or unfavourable to the reporting entity.

Dimensions

Dimension	Member	Description
BalanceTypeDimension	(FairValue)	This dimension identifies the measurement scenario under which the reported value was calculated. The value reported is the 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.
CounterpartyRatingDimension	(Grade5)	This rating categorises the credit ratings of the counterparty in relation to the investments of the reporting entity as determined by various rating agencies.Rating Grade1: Standard & Poor's AAA; Moody's Aaa; AM Best A++; Fitch AAARating Grade2: Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best A+; Fitch AA+, AA, AA-Rating Grade3: Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best A, A-; Fitch A+, A, A-Rating Grade4: Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best B++, B+; Fitch BBB+, BBB, BBB-Rating Grade5: Standard & Poor's BB+, or below; Moody's Ba1, or below; AM Best B, or below; Fitch BB+, or below The counterparty in relation to the reported information has a rating grade of 5.
ResidualTermToMaturityDimension	(GTE5Y)	This dimension is used to categorise information reported, according to the residual term to maturity. The reported information relates to items that have a remaining term to maturity of greater than or equal to 5 years.