Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

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PILLAR 3 REPORT APPENDIX IV - REGULATORY CONSOLIDATION Level 3 Entities (Continued) JOHCM (Singapore ) Pte Limited JOHCM (USA) General Partner Inc JOHCM (USA) Inc JOHCMG Share Trustee Limited Magnitude Group Pty Limited MIF Custodian Trust Securitor Financial Group Limited Series 2007-1G WST Trust St.George Finance Holdings Limited St.George Life Limited Sydney Capital Corp Inc. TIF International 1 Pty Limited Waratah Receivables Corp Pty Limited Waratah Securities Australia Limited Westpac Cook Cove Trust I Westpac Cook Cove Trust II Westpac Custodian Nominees Limited Westpac Equity Pty Limited Westpac Financial Services Limited Westpac Funds Financing Holdco Pty Limited Westpac Funds Financing Pty Limited Westpac General Insurance Limited Westpac General Insurance Services Limited Westpac Lenders Mortgage Insurance Limited Westpac Life Insurance Services Limited Westpac Life-NZ-Limited Westpac Nominees-NZ-Limited Westpac RE Limited Westpac Securities Administration Limited Westpac Superannuation Nominees-NZ-Limited 90
PILLAR 3 REPORT GLOSSARY Term Actual losses Advanced measurement approach (AMA) Assets intended to be securitised Australian and New Zealand Standard Industrial Classification (ANZSIC) Authorised deposit-taking institution (ADI) Banking book Common equity Credit Valuation Adjustment (CVA) risk Default Double default rules Exposure at default (EAD) Extended licensed entity (ELE) External Credit Assessment Institution (ECAI) Description Represent write-offs direct and write-offs from provisions after adjusting for recoveries. The capital requirement using the AMA is based on a bank’s internal operational risk systems, which must both measure and manage operational risk. Represents securitisation activity from the end of the reporting period to the disclosure date of this report. A code used by the Australian Bureau of Statistics and Statistics New Zealand for classifying businesses. ADIs are corporations that are authorised under the Banking Act 1959 to carry on banking business in Australia. The banking book includes all securities that are not actively traded by Westpac. The highest form of capital. The key components of common equity are shares, retained earnings and undistributed current year earnings. Refer to mark-to-market related credit risk. A customer default is deemed to have occurred when Westpac considers that either or both of the following events have taken place: the customer is unlikely to pay its credit obligations to its financiers in full, without recourse by any of them to actions such as realising security (where held); and the customer is past due 90 or more calendar days on any material credit obligation to its financiers. Overdrafts will be considered past due once the customer has breached an advised limit, or been advised of a limit smaller than the current outstandings. Double default rules refer to the rules governing the circumstances when capital can be reduced because a particular obligor's exposure has been hedged by the purchase of credit protection from a counterparty and loss will only occur if both obligor and counterparty default. EAD represents an estimate of the amount of committed exposure expected to be drawn by the customer at the time of default. To calculate EAD, historical data is analysed to determine what proportion of undrawn commitments are ultimately utilized by customers who end up in default. The proportion of undrawn commitments ultimately utilized is termed the Credit Conversion Factor (CCF). EAD thus consists of initial outstanding balances, plus the undrawn commitments multiplied by the CCF. For transactionmanaged accounts, the CCF is currently conservatively set at 100%. For program-managed accounts, the CCF varies depending upon historical experience. An Extended Licensed Entity (ELE) comprises an ADI and any subsidiaries of the ADI that have been approved by APRA as being part of a single ‘stand-alone’ entity. ECAI is an external institution recognised by APRA (directly or indirectly) to provide credit assessment in determining the risk-weights on financial institutions’ rated credit exposures (including securitisation exposures). 91
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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 39 and 40: PILLAR 3 REPORT CREDIT RISK EXPOSUR
Page 51 and 52: PILLAR 3 REPORT CREDIT RISK MITIGAT
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 and 82: PILLAR 3 REPORT APPENDIX III - CAPI
Page 87 and 88: PILLAR 3 REPORT APPENDIX IV - REGUL
Page 89: PILLAR 3 REPORT APPENDIX IV - REGUL
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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