PET - Plain English Taxonomy

Name: LoanCharacteristicDimension
Label: Loan Characteristic Dimension
TREF ID: DM898
Type: Predefined
Description:
The information reported classifies loans according to specific characteristics.
Usage:

Dimension Members
Name Label TREF ID Description
ImpairedCustomerCreditHistory Impaired Customer Credit History DV8319
The information reported is in relation to borrowers with previous record of default, bankruptcy or other credit impairment, to the extent this information is known to the authorised deposit-taking institution.
InterestIncurred Interest Incurred DV8581
The information reported is in relation to loans where the balance is incurring interest.
InterestOnly Interest Only DV8318
The information reported is in relation to loans on which only interest is paid during a set period and no principal is automatically amortised.
LendersMortgageInsuranceCovered Lenders Mortgage Insurance Covered DV8317
The information reported is in relation to loans covered by lenders mortgage insurance (LMI) as defined in the relevant prudential standard.
LowDocumentation Low Documentation DV8311
The information reported is in relation to loans for which the lender has not, prior to loan origination, fully documented and verified the income of the borrower.
MortgageeInPossession Mortgagee In Possession DV8314
The information reported is in relation to loans for which the lender has taken possession of the property securing the loan due to borrower default.
ReverseMortgage Reverse Mortgage DV8316
The information reported is in relation to loans secured by residential property in which repayments are generally deferred and capitalised, with full repayment due when the owner dies, sells the property or moves out of the house.
ServiceabilityPolicyExceptions Serviceability Policy Exceptions DV8315
The information reported is in relation to loans approved either with negative serviceability, below the authorised deposit-taking institution's serviceability threshold or that have been granted other credit policy waivers related to serviceability.
ServiceabilityVerificationWaivers Serviceability Verification Waivers DV8320
The information reported is in relation to loans with material waivers to serviceability verification requirements, which may impact the reliability of the serviceability assessment.
TemporaryModificationsFinancialDifficulty Temporary Modifications Financial Difficulty DV8313
The information reported is in relation to loans where the lender has made temporary modifications to the conditions to the loan, for example, temporary concessions to repayments, due to the financial difficulty of the borrower.
ThirdPartyOriginated Third Party Originated DV8312
The information reported is in relation to loans where the authorised deposit-taking institution's (ADI) primary contact with the borrower at origination is through a mortgage broker or another party (including a related body corporate) that is not within the regulated ADI itself. This includes where this third party accepts or completes applications, and is regardless of whether the third party has the ability to approve transactions or not.
ThirtyToEightyNineDaysPastDue Thirty To Eighty Nine Days Past Due DV8321
The information reported is in relation to loans that are at least 30 days past-due but less than 90 days past-due, whether or not the loan is well secured or impaired.