PET - Plain English Taxonomy

Label: Financial Risk Credit Prescribed Provision Category Two Amount
TREF ID: DE7790
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
The prescribed provision for Category Two facilities as determined in accordance with the prudential standards.Category Two facilities are any exposure that is secured by a registered first mortgage against a residential property, where the ratio of the outstanding balance, less the amount of mortgage insurance, to the valuation of the security is greater than 80 per cent but no more than 100 per cent (where the loan is 6 months or more worth of payments past due, the valuation must be no older than 12 months). 

Usage
Form Labels
Label:
Guidance:
Provision required - Category two facilities
Where the provision calculated under category two facilities is greater than the provision that would have been calculated under category three facilities, the latter should be taken as the prescribed provision.