PINS A3.1.1 Definitions for app 3

(1) In this Schedule:

counterparty grade (or grade) has the meaning given by subrule (2).

invested asset means an asset, right or interest held by an insurer for the primary purpose of generating revenue or for directly providing funds to meet the insurer's cash outflows in the future.
(2) For this Schedule, the grade of an asset is its grade according to the rating of its counterparty, in accordance with table A3.1.1.
Editorial changes (as from 1 January 2015).