Label: | Financial Risk Solvency Admissible Assets Resilience Requirement Indexed IBS Amount |
TREF ID: | DE5000 |
Data Type: | xbrli:monetaryItemType |
Period Type: | instant |
Balance Type: | debit |
Business Description & Guidance: |
Report the admissible value of indexed interest bearing securities with a resilience requirement, as per the solvency standard. Indexed debt securities pay an income stream that is dependent on an external factor.The resilience requirement is an additional amount that needs to be held before the happening of a prescribed set of changes in the economic environment, such that after the changes the admissible assets of the reporting party are able to meet the policy owner and other liabilities of the statutory fund. There is no resilience requirement where the policy owner liabilities of the statutory fund move in harmony with the assets supporting them.The admissible value of interest bearing securities is the net market value of all debt securities paying an income stream based upon an interest rate consistent with the classification and measurement basis used for investment securities in accordance with the accounting standards, including accrued income, less the value of those deemed to be inadmissible, as per the solvency standard. The inadmissible assets are: a) assets which have a value that is dependent upon the continuation of the business;b) holdings in an associated or subsidiary entity which is a Financial Services entity;c) non-realisable (in the context of the solvency tests) intangible assets;d) assets with too little diversification, are too illiquid or have too great an exposure to one obligor of low credit standing;e) reinsurance assets which may not be fully recoverable in the context of the solvency tests; andf) amounts by which the recorded value of an asset exceeds its net realisable value.Net market value, or fair value, is the amount which could be expected to be received from the disposal of an asset in an orderly market; or in an arm's length transaction between knowledgeable, willing parties; after deducting costs expected to be incurred in realising the proceeds of such a disposal. |
Usage
Form | Labels | |
Label:
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Indexed IBS - Prior to Prescribed Change |