Examples of Prudential Standard in a sentence
The Fund has joint providers: Prudential, Standard Life and Equitable Life, where a range of investment options are available.
Netting is applied to a counterparty balance only when appropriate documentation governing transactions between the Macquarie entity and the counterparty has been entered into, Legal Risk Management has confirmed that it is legally effective to net with that counterparty, and APRA Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112), has been complied with.
The regulatory consolidated group is different to the accounting consolidated group and identifies three different levels of consolidation as illustrated below: Reporting levels are in accordance with APRA definitions contained in APRA Prudential Standard APS 110: Capital Adequacy.
Equity investments into these entities by the Level 2 group are required to be deducted from Common Equity Tier 1 (CET1) capital under APRA Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.
The Fund currently has three appointed AVC providers: Prudential, Standard Life and Scottish Widows.