| | | Paragraph 9 of Fourth Schedule and Table 14 of this Schedule |
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| TABLE 13 — MISCELLANEOUS RISK FACTORS |
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| (1) A deposit with a bank or deposit-taking institution which has a rating of at least investment grade, and — |
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| (a) can be unconditionally withdrawn within 6 months from the date of computation of the total risk requirement |
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| (b) cannot be unconditionally withdrawn within 6 months from the date of computation of the total risk requirement, but can be unconditionally withdrawn within 2 years |
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| (c) cannot be unconditionally withdrawn within 2 years from the date of computation of the total risk requirement |
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| (2) Any reinsurance recoverables due from a registered insurer or from a foreign insurer carrying on insurance business under a foreign insurer scheme established and maintained under section 35B of the Act in respect of any transaction related to a contract of reinsurance — |
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| (a) owing for 12 months or less |
| | | 8% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (b) owing for more than 1 year but not more than 2 years |
| | | 25% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (c) owing for more than 2 years |
| | | 100% of the appropriate counterparty risk factor set out in Table 11 of this Schedule, subject to a maximum counterparty risk factor of 100% |
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| (3) Any reinsurance recoverables from an authorised reinsurer, a related corporation of the insurer (where the reinsurance arrangement between the related corporation and the insurer is one which is exempted from the application of section 56A of the Act under regulation 12(b) of the Insurance (Authorised Reinsurers) Regulations 2003 (G.N. No. S 680/2003)) or where the insurer is incorporated outside Singapore, its head office or a branch of its head office, in respect of any transaction related to a contract of reinsurance — |
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| (a) owing for 12 months or less |
| | | 12% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (b) owing for more than 1 year but not more than 2 years |
| | | 37.5% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (c) owing for more than 2 years |
| | | 100% of the appropriate counterparty risk factor set out in Table 11 of this Schedule, subject to a maximum counterparty risk factor of 100% |
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| (4) Any reinsurance recoverables due from an insurer other than a registered insurer, an authorised reinsurer, a related corporation of the insurer (where the reinsurance arrangement between the related corporation and the insurer is one which is exempted from the application of section 56A of the Act under regulation 12(b) of the Insurance (Authorised Reinsurers) Regulations 2003 (G.N. No. S 680/2003)) or where the insurer is incorporated outside Singapore, its head office or a branch of its head office, or from a foreign insurer carrying on insurance business under a foreign insurer scheme established and maintained under section 35B of the Act, in respect of any transaction related to a contract of reinsurance — |
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| (a) owing for 12 months or less |
| | | 16% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (b) owing for more than 1 year but not more than 2 years |
| | | 50% of the appropriate counterparty risk factor set out in Table 11 of this Schedule |
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| (c) owing for more than 2 years |
| | | 100% of the appropriate counterparty risk factor set out in Table 11 of this Schedule, subject to a maximum counterparty risk factor of 100% |
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| (5) Intra-group balances arising from any transaction which is not related to a contract of insurance or balances due from other insurance funds, shareholders fund, head office, overseas branches or related corporations — |
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| (a) outstanding for 90 days or less |
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| (b) outstanding for more than 90 days |
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| (6) Outstanding premiums, agents’ balances, and any other receivables due from any person other than an insurer — |
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| (a) owing for 90 days or less; |
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| (b) owing for more than 90 days but not more than 180 days; |
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| (c) owing for more than 180 days but not more than 1 year; |
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| (d) owing for more than 1 year; |
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| (7) Outstanding premiums, agents’ balances and any other receivables due from any insurer |
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| (9) Any general guarantee of indebtedness (including a standby letter of credit serving as a financial guarantee for loans and securities) and acceptance (including an endorsement with the character of acceptance) originating from the insurer, other than any guarantee or acceptance that has been accounted for as a liability in respect of policies |
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| (10) Any contingent liability relating to any specific transaction (including a performance bond, a warranty, and a standby letter of credit relating to a specific transaction) to the insurer, other than any guarantee or acceptance that has been accounted for as a liability in respect of policies |
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