Data Dictionary
Item Number 2131
AMOUNT OF DIRECT CREDIT SUBSTITUTES ON ASSETS IN ITEM NO. 2129Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL2131 | 1998-03-31 | 2011-12-31 | Yes | OTS 1313 |
Data Description:
Includes the outstanding amount of recourse exposure from direct credit substitutes (as defined in OTS Regulation 567.a(f) on third-party assets included in item no. 2129. The amounts reported in items 2131 and 2139 represent the extentof the recourse exposure, as opposed to the amount of the principal of the asset reported in item 2129.
Also includes:
1. The face amount of direct credit substitutes (e.g., financial-guarantee type standby letters of credit) issued by the savings association or its consolidated subsidiary covering the full amount of losses on a third-party assetpool;
2. The face amount of direct credit substitutes (e.g., financial-guarantee type standby letters of credit) covering a non-pro rata share of credit losses (i.e., a subordinated loss position) on a third-party asset pool; and
3. Certain nonsecurity financial instruments under SFAS No. 125 spread accounts and other third-party asset pools.
NOTE:
Beginning 6/30/02, clarified that purchased credit-enhancing exposures are direct credt substitutes. For further information refer to the Thrift Financial Report Instution Manual.
Reported on Schedule CC of the SVGL report.