SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007
- CHAPTER 155P

SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007 - LONG TITLE  
Empowering section VerDate:13/07/2007



(Cap 155, section 81(3))

[13 July 2007]

(L.N. 89 of 2007)



SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007 - SECT 1
(Omitted as spent) VerDate:13/07/2007




(Omitted as spent)


SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007 - SECT 2
Interpretation VerDate:13/07/2007



In this Notice—
“asset sale with recourse” (有追索權的資產出售) has the meaning assigned to it by 
section 2(1) of the Capital Rules;
“Capital Rules” (《資本規則》) means the Banking (Capital) Rules (Cap 155 sub. 
leg. L);
“direct credit substitute” (直接信貸替代項目) has the meaning assigned to it by 
section 2(1) of the Capital Rules;
“forward asset purchase” (遠期資產購買) has the meaning assigned to it by 
section 2(1) of the Capital Rules;
“forward forward deposits placed” (遠期有期存款) has the meaning assigned to it 
by section 2(1) of the Capital Rules;
“note issuance and revolving underwriting facilities” (票據發行及循環式包銷融通) has 
the meaning assigned to it by section 2(1) of the Capital Rules;
“original maturity” (原訂到期期限), in relation to a relevant off-balance sheet 
item of an authorized institution, means the period between the date on 
which the item is entered into by the institution and the earliest date on 
which the institution can, at its option, unconditionally cancel the item;
“partly paid-up shares and securities” (部分付款股份及證券) has the meaning 
assigned to it by section 2(1) of the Capital Rules;
“relevant off-balance sheet item” (有關資產負債表外項目) means an off-balance sheet 
item for the purpose of rules made under section 98A(1) of the Ordinance;
“trade-related contingency” (貿易關聯或有項目) has the meaning assigned to it by 
section 2(1) of the Capital Rules;
“transaction-related contingency” (交易關聯或有項目) has the meaning assigned to 
it by section 2(1) of the Capital Rules.
“asset sale with recourse” (有追索權的資產出售)
“Capital Rules” (《資本規則》)
“direct credit substitute” (直接信貸替代項目)
“forward asset purchase” (遠期資產購買)
“forward forward deposits placed” (遠期有期存款)
“note issuance and revolving underwriting facilities” (票據發行及循環式包銷融通)
“original maturity” (原訂到期期限)
“partly paid-up shares and securities” (部分付款股份及證券)
“relevant off-balance sheet item” (有關資產負債表外項目)
“trade-related contingency” (貿易關聯或有項目)
“transaction-related contingency” (交易關聯或有項目)


SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007 - SECT 3
Specified factors VerDate:13/07/2007



For the purposes of section 81(2)(c) of the Ordinance, the factor for a 
relevant off-balance sheet item set out in the second column of the 
Schedule is specified in the third column of that Schedule opposite to 
that item.



SPECIFICATION OF FACTORS (FINANCIAL EXPOSURE OF AUTHORIZED INSTITUTION) NOTICE 2007 - SCHEDULE  
SCHEDULE VerDate:13/07/2007



[section 3]

FACTORS FOR RELEVANT OFF-BALANCE SHEET ITEMS

Item	Relevant off-balance sheet item	Factor
		
1.	Direct credit substitutes	100%
2.	Transaction-related contingencies 	100%
3.	Trade-related contingencies	100%
4.	Asset sales with recourse	100%
5.	Forward asset purchases	100%
6.	Partly paid-up shares and securities	100%
7.	Forward forward deposits placed	100%
8.	Note issuance and revolving underwriting facilities	100%
9.	Commitments which do not fall within any of items 1, 2, 3, 4, 5, 6, 7 
and 8 and—	
	(a) which have an original maturity of any duration;	100%
	(b) which may be cancelled at any time unconditionally by the authorized 
institution or which provide for automatic cancellation due to a 
deterioration in the creditworthiness of the persons to whom the 
institution has made the commitments;	100%
	(c) the drawdown of which will give rise to a relevant off-balance sheet 
item falling within any of items 1, 2, 3, 4, 5, 6, 7 and 8 or any item 
specified in section 120 of the Capital Rules.	100%