Line item

Description

285

Guarantees on behalf of clients

This item shall include any relevant amount in respect of lending or performance related guarantees issued by the bank on behalf of clients in terms of which the bank will be liable to a third party in the event that a client fails to fulfil its obligation.

286

Letters of credit

This item shall include any relevant amount in respect of unutilised letters of credit facilities granted by the reporting bank for domestic or foreign transactions, including all relevant amounts relating to—

(a)

confirmed letters of credit in respect of banks;

(b)

documentary credit outwards for domestic and foreign transactions (sight and usance), confirmed and/or accepted;

(c)

documentary credit inwards (sight and usance), confirmed

and/or accepted,

provided that any letter of credit serving as a financial guarantee shall be regarded as a lending-related guarantee, and be reported under guarantees, in item 285.

287

[Line item number 287, regulation 62(7), deleted by regulation 29(t) of Notice No. 297, GG 40002, dated 20 May 2016]

288

Irrevocable undrawn facilities, including unutilised drawdown facilities

This item shall include any relevant amount in respect of irrevocable unutilised (undrawn) facilities, including all relevant amounts in respect of—

(a)

loans and other credit facilities granted (whether for fixed or varying amounts) but not yet paid out to or used by clients;

(b)

unutilised overdraft facilities on current accounts;

(c)

unutilised acceptance facilities and unutilised revolving credit facilities;

(d)

unutilised draw-down facilities, that is, facilities, regardless of their maturity, granted in terms of a written agreement whereby the said facilities will be drawn in agreed amounts during pre-arranged periods.

289

Underwriting exposures

This item shall include any relevant amount in respect of quantifiable underwriting commitments, irrespective whether the commitment is made in writing or verbally, including—

(a)

all relevant note-issuance facilities; and

(b)

revolving underwriting facilities in respect of which the contingent risk arises from the bank's role as underwriter of such issues, guaranteeing to provide a known amount of funds when other parties fail to pay.

290

Credit derivative instruments

This item shall include any relevant amount in respect of the bank's potential credit exposure arising from a credit derivative contract in respect of which the bank acts as a protection provider/seller.

293

Other contingent liabilities

This item shall include the aggregate amount of all relevant contingent liabilities other than the amounts reported in items 285 to 292 in respect of which an outflow of economic benefits is possible, even when it may not be probable, including any  relevant amount related to a revocable undrawn facility.

295

Portfolios managed: for others where financing is provided

This item shall include the aggregate amount of financing provided for the purpose of acquiring a portfolio of investments, managed by the reporting bank, which financing has been reported on forms BA 100 and BA 900.