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Determinations/Financial (Other) as made
This instrument determines Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates.
Administered by: Treasury
Registered 11 Jun 2019
Tabling HistoryDate
Tabled HR02-Jul-2019
Tabled Senate02-Jul-2019

Financial Sector (Collection of Data) (reporting standard) determination No. 15 of 2019

Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates

Financial Sector (Collection of Data) Act 2001

 

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 of the reporting standard.

 

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on 1 July 2019.

 

This instrument commences on 1 July 2019.

 

Dated: 4 June 2019

 

 

[Signed]

Alison Bliss

General Manager

Data Analytics & Insights Division

 

 

 

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given by section 5 of the Act.

Schedule

 

Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates comprises the document commencing on the following page.

 


 

Reporting Standard ARS 746.0

ABS/RBA Personal Credit Stocks, Flows and Interest Rates

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s or registered financial corporation’s personal credit stocks, flows and interest rates.

It includes Reporting Form ARF 746.0A ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Standard) and Reporting Form ARF 746.0B ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Reduced) and the associated specific instructions.

Authority

1.             This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

2.             Information collected by Reporting Form ARF 746.0A ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Standard) (ARF 746.0A) and Reporting Form ARF 746.0B ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Reduced) (ARF 746.0B) is used by the ABS and RBA for various purposes, including for policy and statistical purposesThis information may also be used by APRA for prudential and publication purposes.

3.             This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0)

Application and commencement

4.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) or registered financial corporation (RFC) as set out in the table below, where ‘personal credit’ is measured by the value reported in item 1.1.1.1.2 (column 1) on Reporting Form ARF 720.1A/B ABS/RBA Loans and Finance Leases (Standard)/(Reduced) (ARF 720.1A/B) and ‘deposits’ are measured by the value reported in item 14 on Reporting Form ARF 720.0A/B ABS/RBA Statement of Financial Position (Standard)/(Reduced) (ARF 720.0A/B).

Class of financial institution

ARF 746.0A

ARF 746.0B

ADIs

Yes if personal credit ≥ $500 million and deposits  ≥ $25 billion

Yes if personal credit ≥ $500 million and deposits < $25 billion

RFCs

Yes if personal credit ≥ $500 million and deposits  ≥ $25 billion

Yes if personal credit ≥ $500 million and deposits < $25 billion

5.             APRA may from time to time determine that a higher threshold will apply to a particular ADI or RFC than that specified in paragraph 4 of this Reporting Standard and if APRA does so it will notify the ADI or RFC concerned in writing. 

6.             This Reporting Standard applies for reporting periods ending on or after 31 July 2019.

Information required

7.             An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by this Reporting Standard for each reporting period on a domestic books consolidation.

Method of submission

8.             The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method (i.e. a web-based solution) notified by APRA, in writing, prior to submission

Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.

Reporting periods and due dates

9.             The information required by this Reporting Standard must be provided in respect of each calendar month by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5.

10.         The information required by this Reporting Standard must be provided to APRA within 15 business days after the end of the reporting period to which the information relates.

11.         APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI or RFC, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:

(a)           the particular circumstances of the ADI or RFC; and

(b)          the extent to which the information is required for the purposes of the ABS or RBA.

12.         APRA may grant an ADI or RFC an extension of a due date, in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.

Quality control

13.         All information provided by an ADI or RFC under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI or RFC as set out in Prudential Standard APS 310 Audit and Related Matters for ADIs or Reporting Standard RRS 710.0 ABS/RBA Audit Requirements for Registered Financial Corporations for RFCs. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI or RFC under this Reporting Standard.

14.         All information provided by an ADI or RFC under this Reporting Standard must be subject to systems, processes and controls developed by the ADI or RFC for the internal review and authorisation of that information. These systems, processes and controls are to assure the completeness and reliability of the information provided.

Authorisation

15.         When an officer or agent of an ADI or RFC submits information under this Reporting Standard and uses the D2A application, or other method notified by APRA, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate or other digital identity credential acceptable to APRA.

Minor alterations to forms and instructions

16.         APRA may make minor variations to:

(a)           a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or

(b)          the instructions to a form, to clarify their application to the form

without changing any substantive requirement in the form or instructions.

17.         If APRA makes such a variation it must notify in writing each ADI or RFC that is required to report under this Reporting Standard.

Interpretation

18.         Terms that are defined in ARS 701.0 appear in bold and italics in this Reporting Standard.

19.         In this Reporting Standard:

due date means the last day of the 15 business days provided for in paragraph 10 or, if applicable,  the date on a notice of extension given under paragraph 12.

reporting period means a month of a year as provided for in paragraph 9 or, if applicable,  the date on a notice given under paragraph 11.

20.         Unless the contrary intention appears, any reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.


ARF_746_0A: ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Standard)

 

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Monthly

Reporting Consolidation

 

Domestic

 

 

0. Personal finance outstanding - by type

 

 

Number of facilities

Value

Interest rate

Cost of funds

Margin

(1)

(2)

(3)

(4)

(5)

0.1. Total personal credit outstanding to residents

 

 

 

 

 

0.1.1. Credit cards

 

 

 

 

 

0.1.1.1. of which: Balances incurring interest

 

 

 

 

 

0.1.2. Finance leases

 

 

 

 

 

0.1.3. Margin lending

 

 

 

 

 

0.1.4. Fixed-term loans

 

 

 

 

 

0.1.4.1. of which: Secured by residential property

 

 

 

 

 

0.1.4.2. Fixed interest rate

 

 

 

 

 

0.1.4.3. Variable interest rate

 

 

 

 

 

0.1.5. Other revolving credit

 

 

 

 

 

0.1.5.1. of which: Secured by residential property

 

 

 

 

 

0.1.5.2. Fixed interest rate

 

 

 

 

 

0.1.5.3. Variable interest rate

 

 

 

 

 

0.2. Total personal credit outstanding to non-residents

 

 

 

 

 

 

1. Personal finance funded in the month - by type

 

 

Number of facilities

Value

Interest rate

Cost of funds

Margin

(1)

(2)

(3)

(4)

(5)

1.1. Total personal finance to residents funded in the month

 

 

 

 

 

1.1.1. Credit cards

 

 

 

 

 

1.1.2. Finance leases

 

 

 

 

 

1.1.3. Margin lending

 

 

 

 

 

1.1.4. Fixed-term loans

 

 

 

 

 

1.1.4.1. of which: Secured by residential property

 

 

 

 

 

1.1.4.2. Fixed interest rate

 

 

 

 

 

1.1.4.3. Variable interest rate

 

 

 

 

 

1.1.5. Other revolving credit

 

 

 

 

 

1.1.5.1. of which: Secured by residential property

 

 

 

 

 

1.1.5.2. Fixed interest rate

 

 

 

 

 

1.1.5.3. Variable interest rate

 

 

 

 

 

1.2. Total personal finance to non-residents funded in the month

 

 

 

 

 

 


 

2. Personal finance to residents funded in the month - by size

 

Type of product

Value at commitment

Number of facilities

Value

Interest rate

(1)

(2)

(3)

(4)

(5)

 

 

 

 

 

Credit cards

>$0 to <=$5 000

 

 

 

Finance leases

>$5 000 to <=$10 000

 

 

 

Margin lending

>$10 000 to <=$20 000

 

 

 

Fixed-term loans

>$20 000 to <= $50 000

 

 

 

Other revolving credit

>$50 000 to <=$100 000

 

 

 

 

>$100 000

 

 

 

 


Reporting Form ARF 746.0A

ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Standard)

Instructions

These instructions assist completion of Reporting Form ARF 746.0A ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Standard) (ARF 746.0A). ARF 746.0A collects information relating to the personal credit stocks, flows and interest rates of ADIs and RFCs.

Information reported in ARF 746.0A is required primarily for purposes of the ABS and the RBA. This information is required for various purposes, including policy and statistical purposes. This information may also be used by APRA for prudential and publication purposes.

Reporting level

ARF 746.0A must be completed for each ADI and RFC to which this Reporting Standard applies under paragraphs 4 or 5. 

Reporting basis and unit of measurement

These instructions specify the reporting basis and unit of measurement that applies to each item.

For reporting purposes, unless specified otherwise, enter data as a positive number.

Counterparties

For the purposes of this form, report only finance to households for personal purposes.

For the purposes of this form, households may exist in either the resident or non-resident sectors.

Positions with resident and non-resident households are collected separately. 

Types of finance

For the purposes of this form, finance includes:

·                loans; and

·                finance leases.

 

When reporting information on the stock of outstanding finance (e.g. credit outstanding), only include finance that is held on-balance sheet, unless otherwise directed.

Reporting by purpose

Classify finance at the lowest level at which it is able to be identified; the purpose that the funds will be used for determines whether (and where) it is reported on this form. Where finance (identified at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).

Credit outstanding & credit outstanding, net of offset account balances

Report outstanding finance under the category in which it sits as at the end of the reporting period. For example, if a loan was originally classified as having a fixed interest rate but now has a variable interest rate then report it as variable interest rate for the current reporting period.

Treatment of facilities

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

When reporting the weighted average interest rate, weight each interest rate by its corresponding balance outstanding. 

Values

Unless otherwise specifically stated, information reported on this form must comply with Australian Accounting Standards.

Report monetary amounts on ARF 746.0A in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).

Report values on ARF 746.0A as whole dollars.

Numbers

Report numbers on ARF 746.0A unscaled, as whole numbers for ADIs and RFCs.

Interest rates

ADIs and RFCs are required to report contractual interest rates. Report interest rates as an annualised percentage rate (on a 365 days per year basis) to two decimal places.

Refer to the interest rates definition for further guidance (ARS 701.0).

Cost of funds and margin

Cost of funds and margin items are to be reported as an annualised percentage rate to two decimal places.

Standard Business Reporting (SBR)

Report items on ARF 746.0A with accounting type of debit (assets). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting type of the item collected.

Specific instructions

Terms highlighted in bold italics as defined in ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions. 

Examples included under ‘Include’ and ‘Exclude’ must not be taken as an exhaustive list of items to be included or excluded. 

1.         Personal finance outstanding – by type

Item 1 collects information on the stock of credit outstanding to households for personal purposes by product type.

Reporting basis: report item 1 as at the end of the reporting period.

Report finance to non-residents in item 1.2 only.

Exclude facilities with a nil credit outstanding balance.

Column 1

Report the number of facilities with credit outstanding.

Column 2

Report the value of credit outstanding.

Column 3

Report the weighted average interest rate on credit outstanding.

Column 4

Report the cost of funds.

Column 5

Report the margin.

Column 5 is a derived column. Report column 5 as column 3 less column 4. 

 

Item 1.1

Report total personal loans and finance leases to resident households.

Item 1.1 is a derived item. Report the number and value (columns 1 and 2) in item 1.1 as the sum of item 1.1.1, item 1.1.2, item 1.1.3, item 1.1.4 and item 1.1.5.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 1.1 as the weighted average of item 1.1.1.1, item 1.1.2, item 1.1.3, item 1.1.4 and item 1.1.5.

The value of  credit outstanding reported in item 1.1 (column 2) must also equal item 1.1.1.1.2 in column 1 on Reporting Form ARF 720.1A/B ABS/RBA Loans and Finance Leases (Standard)/(Reduced) (ARF 720.1A/B).

Item 1.1.1

Report credit cards

The value of  credit outstanding reported in item 1.1.1 (column 2) must equal item 1.1.1.1.2.1 (column 1) on ARF 720.1A/B.

Item 1.1.1.1

Of the amount reported in item 1.1.1, report balances incurring interest.

Item 1.1.2

Report finance leases.

The value of  credit outstanding reported in item 1.1.2 (column 2) must equal item 1.1.1.1.2.2 (column 1) on ARF 720.1A/B.

Item 1.1.3

Report margin lending.

The value of  credit outstanding reported in item 1.1.3 (column 2) must equal item 1.1.1.1.2.3 (column 1) on ARF 720.1A/B.

Item 1.1.4

Report fixed-term loans.

Item 1.1.4 is a derived item.

Report the number and value (columns 1 and 2) in item 1.1.4 as the sum of item 1.1.4.2 and 1.1.4.3.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 1.1.4 as the weighted average of item 1.1.4.2 and item 1.1.4.3.

The value of  credit outstanding reported in item 1.1.4 (column 2) must equal item 1.1.1.1.2.4 (column 1) on ARF 720.1A/B.

Item 1.1.4.1

Of the amount reported in item 1.1.4, report the value secured by residential property.

Item 1.1.4.2

Report fixed-term loans with a fixed interest rate.

Item 1.1.4.3

Report fixed-term loans with a variable interest rate.

Item 1.1.5

Report revolving credit facilities other than credit cards (report these in item 1.1.1) and margin lending (report these in item 1.1.3).

Item 1.1.5 is a derived item.

Report the number and value (columns 1 and 2) in item 1.1.5 as the sum of item 1.1.5.2 and item 1.1.5.3.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 1.1.5 as the weighted average of item 1.1.5.2 and item 1.1.5.3.

The value of  credit outstanding reported in item 1.1.5 (column 2) must equal item 1.1.1.1.2.5 (column 1) on ARF 720.1A/B.

Item 1.1.5.1

Of the amount reported in item 1.1.5, report the value secured by residential property.

Item 1.1.5.2

Report revolving credit facilities other than credit cards and margin lending with a fixed interest rate.

Item 1.1.5.3

Report revolving credit facilities other than credit cards and margin lending with a variable interest rate.

Item 1.2

Report total personal loans and finance leases with credit outstanding to non-resident households.

2.         Personal finance funded in the month – by type

Item 2 collects information on the flow of new personal finance funded in the reporting period by product type.

Reporting basis: report item 2 during the reporting period or as at the end of the reporting period as directed. 

Report loans and finance leases to non-residents in item 2.2 only. 

For item 2, report all amounts funded during the reporting period, irrespective of whether or not they were drawn down. Report values gross of any offset account balances (i.e. do not subtract offset account balances from the value of finance funded during the reporting period) and gross of redraw facilities (i.e. do not subtract any amounts available in redraw facilities from the value of finance funded during the reporting period). 

Column 1

Report the number of facilities funded during the reporting period

Column 2

Report the value of personal loans and finance leases funded during the reporting period

For internal refinances report the total value refinanced, not just the increase in the credit limit.

Column 3

Report the weighted average interest rate as at the end of the reporting period on personal loans and finance leases funded during the reporting period

Column 4

Report the cost of funds as at the end of the reporting period for personal loans and finance leases funded during the reporting period.

Column 5

Report the margin as at the end of the reporting period for personal loans and finance leases funded during the reporting period.

Column 5 is a derived column. Report column 5 as column 3 less column 4.

 

Item 2.1.

Report total personal loans and finance leases to resident households.

Item 2.1 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1 as the sum of item 2.1.1, item 2.1.2, item 2.1.3, item 2.1.4 and item 2.1.5.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 2.1 as the weighted average of item 2.1.1, item 2.1.2, item 2.1.3, item 2.1.4 and item 2.1.5.

Item 2.1.1.

Report credit cards

Item 2.1.2.

Report finance leases.

Item 2.1.3

Report margin lending.

Item 2.1.4

Report fixed-term loans.

Item 2.1.4 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1.4 as the sum of item 2.1.4.2 and item 2.1.4.3.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 2.1.4 as the weighted average of item 2.1.4.2 and item 2.1.4.3.

Item 2.1.4.1

Of the amount reported in item 2.1.4, report the value secured by residential property.

Item 2.1.4.2

Report fixed-term loans with a fixed interest rate.

Item 2.1.4.3

Report fixed-term loans with a variable interest rate.

Item 2.1.5

Report revolving credit facilities other than credit cards (report these in item 2.1.1) and margin lending (report these in item 2.1.3).

Item 2.1.5 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1.5 as the sum of item 2.1.5.2 and item 2.1.5.3.

Report the interest rate, cost of funds and margin (columns 3, 4 and 5) in item 2.1.5 as the weighted average of item 2.1.5.2 and item 2.1.5.3.

Item 2.1.5.1

Of the amount reported in item 2.1.5, report the value secured by residential property.

Item 2.1.5.2

Report revolving credit other than credit cards and margin lending with a fixed interest rate.

Item 2.1.5.3

Report revolving credit facilities other than credit cards and margin lending with a variable interest rate.

Item 2.2

Report total personal loans and finance leases to non-resident households.

3.         Personal finance to residents funded in the month – by size

Item 3 collects information on the flow of new credit to resident households for personal purposes funded during the reporting period by the size of the finance amount at commitment.

Reporting basis: report item 3 during the reporting period or as at the end of the reporting period as directed. 

For item 3, report all amounts funded during the reporting period, irrespective of whether or not they were drawn. Report values gross of any offset account balances (i.e. do not subtract offset account balances from the value of finance funded in the reporting period) and gross of redraw facilities (i.e. do not subtract any amounts available in redraw facilities from the value of finance funded in the reporting period). 

Column 1

Report according to the product type (see item 3 for further details).

Column 2

Report according to the finance value at commitment (see item 3 for further details).

Column 3

Report the number of personal finance facilities funded during the reporting period.

Column 4

Report the value of personal finance funded during the reporting period.

Column 5

Report the weighted average interest rate as at the end of the reporting period on personal finance funded during the reporting period.

 

Item 3

Report personal finance to resident households funded in the reporting period for each combination of product type and loan value at commitment category.

The product types are:

·                credit cards;

·                leasing;

·                margin lending;

·                fixed-term loans; and

·                revolving credit facilities other than credit cards or margin lending.

The finance value at commitment categories are:

·                size of the finance amount at approval was greater than $0 and less than or equal to $5 000;

·                size of the finance amount at approval was greater than $5 000 and less than or equal to $10 000;

·                size of the finance amount at approval was greater than $10 000 and less than or equal to $20 000;

·                size of the finance amount at approval was greater than $20 000 and less than or equal to $50 000;

·                size of the finance amount at approval was greater than $50 000 and less than or equal to $100 000; and

·                size of the finance amount at approval was greater than $100 000.

The total number of facilities (column 3) and the total value of loans (column 4) reported in item 3 for:

·                credit cards must equal item 2.1.1 (column 1) and item 2.1.1 (column 2) respectively;

·                finance leases must equal item 2.1.2 (column 1) and item 2.1.2 (column 2) respectively;

·                margin lending must equal item 2.1.3 (column 1) and item 2.1.3 (column 2) respectively;

·                fixed-term loans must equal item 2.1.4 (column 1) and item 2.1.4 (column 2) respectively; and

·                other revolving credit must equal item 2.1.5 (column 1) and item 2.1.5 (column 2) respectively.

The total weighted average interest rate (column 5) reported in item 3 for:

·                credit cards must equal item 2.1.1 (column 1) and item 2.1.1 (column 2) respectively;

·                finance leases must equal item 2.1.2 (column 1) and item 2.1.2 (column 2) respectively;

·                margin lending must equal item 2.1.3 (column 1) and item 2.1.3 (column 2) respectively;

·                fixed-term loans must equal item 2.1.4 (column 1) and item 2.1.4 (column 2) respectively; and

·                other revolving credit must equal item 2.1.5 (column 1) and item 2.1.5 (column 2) respectively.



ARF_746_0B: ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Reduced)

 

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Monthly

Reporting Consolidation

 

Domestic

 

 

1. Personal finance outstanding - by type

 

 

Number of facilities

Value

Interest rate

(1)

(2)

(3)

1.1. Total personal credit outstanding to residents

 

 

 

1.1.1. Credit cards

 

 

 

1.1.1.1. of which: Balances incurring interest

 

 

 

1.1.2. Finance leases

 

 

 

1.1.3. Margin lending

 

 

 

1.1.4. Fixed-term loans

 

 

 

1.1.4.1. of which: Secured by residential property

 

 

 

1.1.4.2. Fixed interest rate

 

 

 

1.1.4.3. Variable interest rate

 

 

 

1.1.5. Other revolving credit

 

 

 

1.1.5.1. of which: Secured by residential property

 

 

 

1.1.5.2. Fixed interest rate

 

 

 

1.1.5.3. Variable interest rate

 

 

 

1.2. Total personal credit outstanding to non-residents

 

 

 

 

2. Personal finance funded in the month - by type

 

 

Number of facilities

Value

Interest rate

(1)

(2)

(3)

2.1. Total personal finance to residents funded in the month

 

 

 

2.1.1. Credit cards

 

 

 

2.1.2. Finance leases

 

 

 

2.1.3. Margin lending

 

 

 

2.1.4. Fixed-term loans

 

 

 

2.1.4.1. of which: Secured by residential property

 

 

 

2.1.4.2. Fixed interest rate

 

 

 

2.1.4.3. Variable interest rate

 

 

 

2.1.5. Other revolving credit

 

 

 

2.1.5.1. of which: Secured by residential property

 

 

 

2.1.5.2. Fixed interest rate

 

 

 

2.1.5.3. Variable interest rate

 

 

 

2.2. Total personal finance to non-residents funded in the month

 

 

 

 


 

3. Personal finance to residents funded in the month - by size

 

Type of product

Value at commitment

Number of facilities

Value

Interest rate

(1)

(2)

(3)

(4)

(5)

 

 

 

 

 

Credit cards

>$0 to <=$5 000

 

 

 

Finance leases

>$5 000 to <=$10 000

 

 

 

Margin lending

>$10 000 to <=$20 000

 

 

 

Fixed-term loans

>$20 000 to <= $50 000

 

 

 

Other revolving credit

>$50 000 to <=$100 000

 

 

 

 

>$100 000

 

 

 

 

 

 


Reporting Form ARF 746.0B

ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Reduced)

Instructions

These instructions assist completion of Reporting Form ARF 746.0B ABS/RBA Personal Credit Stocks, Flows and Interest Rates (Reduced) (ARF 746.0B). ARF 746.0B collects information relating to the personal credit stocks, flows and interest rates of ADIs and RFCs.

Information reported in ARF 746.0B is required primarily for purposes of the ABS and the RBA. This information is required for various purposes, including policy and statistical purposes. This information may also be used by APRA for prudential and publication purposes.

Reporting level

ARF 746.0B must be completed for each ADI and RFC to which this Reporting Standard applies under paragraphs 4 or 5. 

Reporting basis and unit of measurement

These instructions specify the reporting basis and unit of measurement that applies to each item.

For reporting purposes, unless specified otherwise, enter data as a positive number.

Counterparties

For the purposes of this form, report only finance to households for personal purposes.

For the purposes of this form, households may exist in either the resident or non-resident sectors.

Positions with resident and non-resident households are collected separately. 

Types of finance

For the purposes of this form, finance includes:

·                loans; and

·                finances leases.

 

When reporting information on the stock of outstanding finance (e.g. credit outstanding), only include finance that is held on-balance sheet, unless otherwise directed.

Reporting by purpose

Classify finance at the lowest level at which it can be identified; the purpose that the funds will be used for determines whether (and where) it is reported on this form. Where finance (identified at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).

Credit outstanding & credit outstanding, net of offset account balances

Report outstanding finance under the category in which it sits as at the end of the reporting period. For example, if a loan was originally classified as having a fixed interest rate but now has a variable interest rate then report it as variable interest rate for the current reporting period.

Treatment of facilities

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

When reporting the weighted average interest rate, weight each interest rate by its corresponding balance outstanding. 

Values

Unless otherwise specifically stated, information reported on this form must comply with Australian Accounting Standards.

Report monetary amounts on ARF 746.0B in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121.

Report values on ARF 746.0B as whole dollars.

Numbers

Report numbers on ARF 746.0B unscaled, as whole numbers for ADIs and RFCs.

Interest rates

ADIs and RFCs are required to report contractual interest rates. Report interest rates as an annualised percentage rate (on a 365 days per year basis) to two decimal places.

Refer to the interest rates definition for further guidance (ARS 701.0).

Standard Business Reporting (SBR)

Report items on ARF 746.0B with accounting type of debit (assets). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting type of the item collected.

Specific instructions

Terms highlighted in bold italics as defined in ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions. 

Examples included under ‘Include’ and ‘Exclude’ must not be taken as an exhaustive list of items to be included or excluded. 

1.         Personal finance outstanding – by type

Item 1 collects information on the stock of credit outstanding to households for personal purposes by product type.

Reporting basis: report item 1 as at the end of the reporting period

Report finance to non-residents in item 1.2 only. 

Exclude facilities with a nil credit outstanding balance.

Column 1

Report the number of facilities with credit outstanding.

Column 2

Report the value of credit outstanding.

Column 3

Report the weighted average interest rate on credit outstanding.

 

Item 1.1

Report total personal loans and finance leases to resident households.

Item 1.1 is a derived item.

Report the number and value (columns 1 and 2) in item 1.1 as the sum of item 1.1.1, item 1.1.2, item 1.1.3, item 1.1.4 and item 1.1.5.

Report the interest rate (column 3) in item 1.1 as the weighted average of item 1.1.1.1, item 1.1.2, item 1.1.3, item 1.1.4 and item 1.1.5.

The value of credit outstanding reported in item 1.1 (column 2) must equal item 1.1.1.1.2 (column 1) on Reporting Form ARF 720.1A/B ABS/RBA Loans and Finance Leases (Standard)/(Reduced) (ARF 720.1A/B).

Item 1.1.1

Report credit cards

The value of credit outstanding reported in item 1.1.1 (column 2) must equal item 1.1.1.1.2.1 (column 1) on ARF 720.1A/B.

Item 1.1.1.1

Of the amount reported in item 1.1.1, report balances incurring interest.

Item 1.1.2

Report finance leases.

The value of credit outstanding reported in item 1.1.2 (column 2) must equal item 1.1.1.1.2.2 (column 1) on ARF 720.1A/B.

Item 1.1.3

Report margin lending.

The value of credit outstanding reported in item 1.1.3 (column 2) must equal item 1.1.1.1.2.3 (column 1) on ARF 720.1A/B.

Item 1.1.4

Report fixed-term loans.

Item 1.1.4 is a derived item.

Report the number and value (columns 1 and 2) in item 1.1.4 as the sum of item 1.1.4.2 and item 1.1.4.3.

Report the interest rate (column 3) in item 1.1.4 as the weighted average of item 1.1.4.2 and item 1.1.4.3.

The value of credit outstanding reported in item 1.1.4 (column 2) must equal item 1.1.1.1.2.4 (column 1) on ARF 720.1A/B.

Item 1.1.4.1

Of the amount reported in item 1.1.4, report the value secured by residential property.

Item 1.1.4.2

Report fixed-term loans with a fixed interest rate.

Item 1.1.4.3

Report fixed-term loans with a variable interest rate.

Item 1.1.5

Report revolving credit facilities other than credit cards (report these in item 1.1.1) and margin lending (report these in item 1.1.3).

Item 1.1.5 is a derived item.

Report the number and value (columns 1 and 2) in item 1.1.5 as the sum of item 1.1.5.2 and item 1.1.5.3.

Report the interest rate (column 3) in item 1.1.5 as the weighted average of item 1.1.5.2 and item 1.1.5.3.

The value of credit outstanding reported in item 1.1.5 (column 2) must equal item 1.1.1.1.2.5 (column 1) on ARF 720.1A/B.

Item 1.1.5.1

Of the amount reported in item 1.1.5, report the value secured by residential property.

Item 1.1.5.2

Report revolving credit facilities other than credit cards and margin lending with a fixed interest rate.

Item 1.1.5.3

Report revolving credit facilities other than credit cards and margin lending with a variable interest rate.

Item 1.2

Report total personal loans and finance leases with credit outstanding to non-resident households.

2.         Personal finance funded in the month – by type

Item 2 collects information on the flow of new personal finance funded in the reporting period by product type.

Reporting basis: report item 2 during the reporting period or as at the end of the reporting period as directed. 

Report loans and finance leases to non-residents in item 2.2 only. 

For item 2, report all amounts funded during the reporting period, irrespective of whether or not they were drawn down. Report values gross of any offset account balances (i.e. do not subtract offset account balances from the value of finance funded during the reporting period) and gross of redraw facilities (i.e. do not subtract any amounts available in redraw facilities from the value of finance funded during the reporting period). 

Column 1

Report the number of facilities funded during the reporting period

Column 2

Report the value of personal loans and finance leases funded during the reporting period

For internal refinances report the total value refinanced, not just the increase in the credit limit.

Column 3

Report the weighted average interest rate as at the end of the reporting period on personal loans and finance leases funded during the reporting period

 

Item 2.1.

Report total personal loans and finance leases to resident households.

Item 2.1 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1 as the sum of item 2.1.1, item 2.1.2, item 2.1.3, item 2.1.4 and item 2.1.5.

Report the interest rate (column 3) in item 2.1 as the weighted average of item 2.1.1, item 2.1.2, item 2.1.3, item 2.1.4 and item 2.1.5.

Item 2.1.1.

Report credit cards

Item 2.1.2.

Report finance leases.

Item 2.1.3

Report margin lending.

Item 2.1.4

Report fixed-term loans.

Item 2.1.4 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1.4 as the sum of item 2.1.4.2 and item 2.1.4.3.

Report the interest rate (column 3) in item 2.1.4 as the weighted average of item 2.1.4.2 and item 2.1.4.3.

Item 2.1.4.1

Of the amount reported in item 2.1.4, report the value secured by residential property.

Item 2.1.4.2

Report fixed-term loans with a fixed interest rate.

Item 2.1.4.3

Report fixed-term loans with a variable interest rate.

Item 2.1.5

Report revolving credit facilities other than credit cards (report these in item 2.1.1) and margin lending (report these in item 2.1.3).

Item 2.1.5 is a derived item.

Report the number and value (columns 1 and 2) in item 2.1.5 as the sum of item 2.1.5.2 and item 2.1.5.3.

Report the interest rate (column 3) in item 2.1.5 as the weighted average of item 2.1.5.2 and item 2.1.5.3.

Item 2.1.5.1

Of the amount reported in item 2.1.5, report the value secured by residential property.

Item 2.1.5.2

Report revolving credit other than credit cards and margin lending with a fixed interest rate.

Item 2.1.5.3

Report revolving credit facilities other than credit cards and margin lending with a variable interest rate.

Item 2.2

Report total personal loans and finance leases to non-resident households.

3.         Personal finance to residents funded in the month – by size

Item 3 collects information on the flow of new credit to resident households for personal purposes funded during the reporting period by the size of the finance amount at commitment.

Reporting basis: report item 3 during the reporting period or as at the end of the reporting period as directed. 

For item 3, report all amounts funded during the reporting period, irrespective of whether or not they were drawn. Report values gross of any offset account balances (i.e. do not subtract offset account balances from the value of finance funded in the reporting period) and gross of redraw facilities (i.e. do not subtract any amounts available in redraw facilities from the value of finance funded in the reporting period). 

Column 1

Report according to the product type (see item 3 for further details).

Column 2

Report according to the finance value at commitment (see item 3 for further details).

Column 3

Report the number of personal finance facilities funded during the reporting period.

Column 4

Report the value of personal finance funded during the reporting period.

Column 5

Report the weighted average interest rate as at the end of the reporting period on personal finance funded during the reporting period.

 

Item 3

Report personal finance to resident households funded in the reporting period for each combination of product type and loan value at commitment category.

The product types are:

·                credit cards;

·                leasing;

·                margin lending;

·                fixed-term loans; and

·                revolving credit facilities other than credit cards or margin lending.

The finance value at commitment categories are:

·                size of the finance amount at approval was greater than $0 and less than or equal to $5 000;

·                size of the finance amount at approval was greater than $5 000 and less than or equal to $10 000;

·                size of the finance amount at approval was greater than $10 000 and less than or equal to $20 000;

·                size of the finance amount at approval was greater than $20 000 and less than or equal to $50 000;

·                size of the finance amount at approval was greater than $50 000 and less than or equal to $100 000; and

·                size of the finance amount at approval was greater than $100 000.

The total number of facilities (column 3) and the total value of loans (column 4) reported in item 3 for:

·                credit cards must equal item 2.1.1 (column 1) and item 2.1.1 (column 2) respectively;

·                finance leases must equal item 2.1.2 (column 1) and item 2.1.2 (column 2) respectively;

·                margin lending must equal item 2.1.3 (column 1) and item 2.1.3 (column 2) respectively;

·                fixed-term loans must equal item 2.1.4 (column 1) and item 2.1.4 (column 2) respectively; and

·                other revolving credit must equal item 2.1.5 (column 1) and item 2.1.5 (column 2) respectively.

The total weighted average interest rate (column 5) reported in item 3 for:

·                credit cards must equal item 2.1.1 (column 1) and item 2.1.1 (column 2) respectively;

·                finance leases must equal item 2.1.2 (column 1) and item 2.1.2 (column 2) respectively;

·                margin lending must equal item 2.1.3 (column 1) and item 2.1.3 (column 2) respectively;

·                fixed-term loans must equal item 2.1.4 (column 1) and item 2.1.4 (column 2) respectively; and

·                other revolving credit must equal item 2.1.5 (column 1) and item 2.1.5 (column 2) respectively.