Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

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PILLAR 3 REPORT APPENDIX III - CAPITAL INSTRUMENTS Trust Preferred Securities 2006 (TPS 2006) Instrument Face Value Listing Regulatory Capital Classification Preferred units in the Westpac TPS Trust. The Westpac TPS Trust is a registered managed investment scheme. Westpac RE Limited is the responsible entity of the Westpac TPS Trust and issuer of the Westpac TPS. The proceeds from the issue were invested in convertible notes issued by Westpac. AUD 763 million Listed on ASX (WCTPA) Additional Tier 1 Capital Issue Date 21 June 2006 Distributions Distribution Rates Preferred, non-cumulative floating rate distributions, subject to certain distribution payment conditions including Westpac having sufficient distributable profits. (90 day bank bill rate + 1.0% p.a.) x (1- tax rate) up to and including 30 June 2016; and (90 day bank bill rate + 2.0% p.a.) x (1- tax rate) from but excluding 30 June 2016. Distribution Payments Quarterly in arrears (31 March, 30 June, 30 September & 31 December) Franked Distributions Expected to be fully franked Step-Up Date 30 June 2016 Distribution Rate after Step-Up Date Holder Redemption Rights Issuer Redemption Rights Conversion into Preference Shares Conversion into Ordinary Shares Secured or Unsecured Ranking in Winding-Up Accounting Treatment (90 day bank bill rate + 2.0% p.a.) x (1- tax rate), including a one time step-up of 1%. None Westpac may redeem TPS 2006 on the step-up date or any distribution payment date thereafter or in certain specified circumstances with APRA’s prior written approval, if required. TPS 2006 will automatically exchange into Westpac preference shares on 30 September 2055 or in certain specified circumstances. Westpac may convert TPS 2006 into Westpac ordinary shares on the step-up date or any distribution payment date thereafter or in certain specified circumstances. Unsecured Rank in priority to Westpac ordinary shares and equally with equal ranking capital securities but behind all senior creditors and depositors. Equity - Non-controlling Interests 82
PILLAR 3 REPORT APPENDIX III - CAPITAL INSTRUMENTS Stapled Preferred Securities (SPS) Instrument Face Value Listing Regulatory Capital Classification Stapled preferred securities each consisting of one preference share and one note issued by Westpac. AUD 1,036 million Listed on ASX (WBCPA) Additional Tier 1 Capital Issue Date 30 July 2008 Distributions Preferred, non-cumulative floating rate distributions, subject to certain distribution payment conditions including Westpac having sufficient distributable profits. Distribution Rate Distribution Payments Franked Distributions Step-Up Date Holder Redemption Rights Issuer Redemption Rights Conversion into Ordinary Shares Secured or Unsecured Ranking in Winding-Up Accounting Treatment (90 day bank bill rate + 2.4% p.a.) x (1- tax rate) Quarterly in arrear (31 March, 30 June, 30 September & 31 December) Expected to be fully franked None None With APRA’s prior written approval in certain limited circumstances. Mandatory conversion into Westpac ordinary shares on 26 September 2013 (subject to the satisfaction of the conversion conditions) or in certain other specified circumstances. Unsecured Rank in priority to Westpac ordinary shares and equally with equal ranking capital securities but behind all senior creditors and depositors. Liability - Loan Capital Stapled Preferred Securities II (SPS II) Instrument Face Value Listing Regulatory Capital Classification Stapled preferred securities each consisting of one preference share and one note issued by Westpac. AUD 908 million Listed on ASX (WBCPB) Additional Tier 1 Capital Issue Date 31 March 2009 Distributions Distribution Rate Distribution Payments Franked Distributions Preferred, non-cumulative floating rate distributions, subject to certain distribution payment conditions including Westpac having sufficient distributable profits. (90 day bank bill rate + 3.8% p.a.) x (1- tax rate) Quarterly in arrear (31 March, 30 June, 30 September & 31 December) Expected to be fully franked Step-Up Date Holder Redemption Rights None None 83
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WESTPAC GROUP PILLAR 3 REPORT MARCH
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PILLAR 3 REPORT EXECUTIVE SUMMARY B
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PILLAR 3 REPORT INTRODUCTION Westpa
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PILLAR 3 REPORT CONTROLLING AND MAN
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PILLAR 3 REPORT GROUP STRUCTURE Wes
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PILLAR 3 REPORT CAPITAL OVERVIEW Ca
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PILLAR 3 REPORT CAPITAL OVERVIEW 12
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PILLAR 3 REPORT CREDIT RISK MANAGEM
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PILLAR 3 REPORT CREDIT RISK EXPOSUR
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Page 31 and 32: PILLAR 3 REPORT CREDIT RISK EXPOSUR
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Page 53 and 54: PILLAR 3 REPORT COUNTERPARTY CREDIT
Page 55 and 56: PILLAR 3 REPORT SECURITISATION A se
Page 57 and 58: PILLAR 3 REPORT SECURITISATION Cons
Page 59 and 60: PILLAR 3 REPORT SECURITISATION Bank
Page 61 and 62: PILLAR 3 REPORT SECURITISATION Bank
Page 63 and 64: PILLAR 3 REPORT SECURITISATION Trad
Page 65 and 66: PILLAR 3 REPORT SECURITISATION Trad
Page 67 and 68: PILLAR 3 REPORT MARKET RISK Risk mi
Page 69 and 70: PILLAR 3 REPORT MARKET RISK Back-te
Page 71 and 72: PILLAR 3 REPORT OPERATIONAL RISK We
Page 73 and 74: PILLAR 3 REPORT EQUITY RISK Book va
Page 75 and 76: PILLAR 3 REPORT INTEREST RATE RISK
Page 77 and 78: PILLAR 3 REPORT APPENDIX I - APS330
Page 79 and 80: PILLAR 3 REPORT APPENDIX II - REGUL
Page 81: PILLAR 3 REPORT APPENDIX III - CAPI
Page 85 and 86: PILLAR 3 REPORT APPENDIX III - CAPI
Page 87 and 88: PILLAR 3 REPORT APPENDIX IV - REGUL
Page 89 and 90: PILLAR 3 REPORT APPENDIX IV - REGUL
Page 91 and 92: PILLAR 3 REPORT GLOSSARY Term Actua
Page 93 and 94: PILLAR 3 REPORT GLOSSARY Internal a
Page 95 and 96: PILLAR 3 REPORT GLOSSARY Trading bo
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Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

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