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  • PRU-EPRS 1.28 PRU-EPRS 1.28 Instructional Guidelines — Form B160 — Credit Activity Schedule

    Purpose

    Form B160This form is designed to capture the details of the credit activity of Authorised Firms carried out by way of business, on both dimensions of outstanding credit at the end of the reporting period and fresh credit delivery during the reporting period.

    Applicability

    This form is applicable to Authorised Firms licensed to carry out the financial service of Providing Credit. Such authorised firms are likely to be included in prudential categories 1 & 5. This includes Authorised Firms operating as a Branch in the DIFC and Islamic Financial Institutions ("IFI") in prudential category 5.

    Content

    The form is intended to capture information pertaining to the outstanding credit carried on the Authorised Firm's balance sheet and the amount of fresh credit delivered by the firm. Specifically the form captures the detailed breakdown of credit across:

    (a) different types of borrowers (referred to as counterparties in the form);
    (b) by product category;
    (c) by domicile of the borrower;
    (d) maturity of the credit Exposure;
    (e) the sector in which the borrower(s) operate; and
    (f) by the currency of denomination of the credit.

    The form also seeks to collect information on the types of unfunded or off-balance sheet credit Exposures and on the currency distribution of the credit activity.

    Authorised Firms are required to report all Exposures, with a risk-reward profile similar to that of credit in this form. Although the list of typical credit products is provided in the second section of the form, all Exposures resembling credit, like lease, hire purchase etc should also be included as part of the information reported in this form. For the sake of consistency, the instructions provided herein uses the term "Credit" to refer to all types of lending, including but not limited to loans, advances, mortgages, structured credit, revolving credit, self-liquidating short-term credit, lease, hire purchase etc.

    Authorised firms are required to report all the credit activity in USD equivalent, including the amounts they report in respect of the credit activity denominated in different currencies. In the last section of the form collecting data on credit activity across different currencies, firms are also required to categorise the credit provided between Group companies & related Counterparties, banks & Financial Institutions and other Clients.

    Structure of the form in EPRS

    B160 is a single form with two main parts. The first part has six sections, each of which involves classifying total credit activity across one of the dimensions referred to above. The second part is in a linked form which seeks classification of credit activity in terms of the currency in which credit is provided. In respect of every category of credit resulting from the classifications referred above, Authorised Firms are required to disclose total outstanding credit and total credit provided in the reporting period. The total outstanding credit classified under each section should be the same and should equal the total credit reported in form B10, form B20 or form B90, whichever is applicable.

    Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
    [Amended] [VER2/04-13]

    • PRU-EPRS 1.28 Instructional Guidelines

      1. All figures relating to income statement items, other expense accounts, volumes, activity levels, number of accounts or units sold / traded and any other data relating to amounts invested / deposited except outstanding balances in any of the quarterly returns should correspond to the current reporting period (quarter) and not cumulative or year-to-date amounts.
      2. Part I: Classification of credit by type of borrower or Counterparty: The different types of borrowers for which data is to be reported are listed in the title column which render them self explanatory, except for the following specific points.
      3. B160_1010 — Credit to Sovereign Governments and Central Banks: Include credit to sovereign governments, central banks or issuers of sovereign risk. This will include all reserve requirements maintained with central banks.
      4. B160_1020 — Credit to sub-sovereign entities: Include credit to emirate / state / provincial governments, municipal authorities, agencies of the government which do not represent sovereign risk.
      5. B160_1030 — Credit to Public sector enterprises: Include credit (loans and advances of all types) provided to corporate entities which are wholly or majority owned by federal / state governments.
      6. B160_1040 to B160_2110: These items are self-explanatory.
      7. B160_2120 — Loans collateralised by other assets: Include lease and hire purchase Exposures, wherein the underlying equipment or assets provide cover for the credit.
      8. B160_3010 to B160_3090 — Geographical distribution of credit: The classification in this section is intended to be mutually exclusive. For example, reporting of credit to borrowers domiciled in the GCC, B160_3040 should not include the credit to borrowers in the DIFC or those in the UAE, because they are reported in the previous three items. Similarly, credit reported in B160_3050 should not include the credit reported in B160_3040 and the previous items.
      9. B160_4010 to B160_6030: These items in the sections addressing classification by maturity, sectoral distribution, unfunded credit and currency denomination of credit are self-explanatory.
      10. B160_5130 — Others: Include all credits made where the borrowers do not lend themselves to be classified under any of the sectors listed under this section.
      11. B160_700T — This row titled 'Total Credits based on currency denomination' leads to a linked form. To reach the linked form, right-click on the green cells in either of the two columns on the right and choose 'Linked Form' in the pop-up box.
      12. The linked form provides for addition of any currencies which the user wishes to use for reporting its credits. To add currencies, click the icon in the first column on the left which opens a dialogue box listing the entire universe of currencies. User will choose the currencies on which reporting is required to be done by clicking on the code numbers for the currency listed in the dialogue box. The currencies thus chosen can be seen on the right hand side window. On completing the selection of all the currencies required, the user clicks OK button at the bottom of the window. This will bring the user back to the linked form where all the chosen currencies are listed. The user can then report all the credits against the selected currencies.
      Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
      [Amended] [VER2/04-13]