ANAND SATYANAND, Governor-General
ORDER IN COUNCIL
At Wellington this 25th day of March 2008
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
Pursuant to section 81 of the Reserve Bank of New Zealand Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank, makes the following order.
O r d e r
1. Title—This order is the Registered Bank Disclosure Statement (Off-Quarter – New Zealand Incorporated Registered Banks) Amendment Order 2008.
2. Commencement—This order comes into force on 30 March 2008.
3. Principal Order amended—This order amends the Registered Bank Disclosure Statement (Off-Quarter – New Zealand Incorporated Registered Banks) Order 2008*.
4. Clause 2 of Schedule 4A amended—Clause 2 of Schedule 4A is amended by revoking subclause (2) and substituting the following subclause:
“(2) The following information at the off-quarter balance date:
(1) Calculation of on-balance-sheet exposures
Total exposure after credit risk mitigation Risk Weight Risk Weighted Exposure Minimum Pillar One Capital Requirement
Cash and gold bullion 0%
Sovereigns and Central Banks 0%
20%
50%
100%
150%
Multilateral Development Banks and Other 0%
International Organisations 20%
50%
100%
150%
Public Sector Entities 20%
50%
100%
150%
Banks 20%
50%
100%
150%
Corporate 20%
50%
100%
150%
Residential Mortgages not past due 35%
50%
75%
Past due residential mortgages 100%
Other past due assets 100%
150%
Equity holdings (not deducted from capital) that are publicly traded 300%
All other equity holdings (not deducted from capital) 400%
Other assets 100%
(2) Calculation of Off-Balance Sheet Exposures
Total Exposure Credit Conversion Factor Credit Equivalent Amount Average risk weight Risk Weighted Exposure Minimum Pillar One Capital Requirement
Direct credit substitute 100%
Asset sale with recourse 100%
Forward asset purchase 100%
Commitment with certain drawdown 100%
Note issuance facility 50%
Revolving underwriting facility 50%
Performance-related contingency 50%
Trade-related contingency 20%
Placements of forward deposits 100%
Other commitments where original maturity is more than one year 50%
Other commitments where original maturity is less than or equal to one year 20%
Other commitments that cancel automatically when the creditworthiness of the counterparty deteriorates or that can be cancelled unconditionally at any time without prior notice 0%

Market related contracts
(a) Foreign exchange contracts N/A
(b) Interest rate contracts N/A
(c) Other – OTC etc N/A
REBECCA KITTERIDGE, for Clerk of the Executive Council.
Explanatory Note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 30 March 2008, corrects an error in Schedule 4A of the Registered Bank Disclosure Statement (Off-Quarter – New Zealand Incorporated Registered Banks) Order 2008*.
____
This order is administered by the Reserve Bank of New Zealand
*Supplement to New Zealand Gazette, 27 February 2008, No. 40, page 927