Examples of NZ Branch in a sentence
The consolidated financial statements of ANZ New Zealand comprise the financial statements of the NZ Branch and all the New Zealand businesses of all the subsidiaries of the Ultimate Parent Bank (those entities where it is determined that the Ultimate Parent Bank has capacity to control).
Executive roles included in KMP are the Bank’s Chief Executive Officer (CEO), all executives reporting directly to the Bank’s CEO, and the CEO – NZ Branch.
While RBNZ requires the Ultimate Parent Bank to comply with the minimum capital adequacy requirements as administered by APRA, there are no regulatory capital requirements that apply specifically to the NZ Branch or ANZ New Zealand.MANAGED CAPITALThe Banking Group is subject to its own regulatory capital requirements as administered by RBNZ.
Payment to holders of insured deposits held in the Registered Bank’s U.S. Branches, administrative expenses of the receiver and secured creditors rank in priority of payment over all other unsecured creditors, including depositors in the Registered Bank’s non-U.S. branches (such as NZ Branch) who would then rank pari passu in order of payment.
The NZ Branch is not rated by an external ratings agency but the Company has a Standard and Poors rating of AA-.
The Banking Group’s ICAAP is subject to independent and periodic review.REGULATORY ENVIRONMENTThe Ultimate Parent Bank is a registered bank in New Zealand, and conducts business in New Zealand through the NZ Branch.
New Zealand (which is incorporated as The Thoracic Society of Australia and New Zealand (NZ Branch) Incorporated).
The NZ Branch holds 2 portfolios of interest bearing securities and several banking facilities.
The New Zealand branch of Rabobank Nederland (“NZ Branch”) will provide a liquidity facility to Rabo Capital pursuant to which Rabo Capital may request advances of up to NZ$10 million from NZ Branch.
The funds are not being raised specifically for the purposes of Rabobank Nederland’s New Zealand branch (“NZ Branch”), although Rabobank Nederland may “on-lend” some of the funds raised to NZ Branch.