PET - Plain English Taxonomy

Label: Financial Risk Solvency Credit Risk Default Adjustment Receivables Amount
TREF ID: DE5241
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
Report the Credit Risk Default Adjustment in relation to admissible receivables with resilience requirement, as per the solvency standard.The Credit Risk Default Adjustment is an addition to the resilience reserves calculated using the prescribed Credit Risk Default factors as set out in the solvency standards. The Resilience Reserve is determined as the 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.Admissible receivables is the value of Total Receivables as determined in accordance with the accounting standards 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. 

Usage
Form Labels
Label:
Receivables - Credit Risk Default Adjustment