PINS Table A3.2.1A Percentage applicable to assets that are not reinsurance assets

Item Asset %
1 cash, bank deposits and other cash equivalents

grade 1 sovereign bonds
0.50
2 bonds that mature, or are redeemable, in less than 1 year issued by a counterparty with a rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)

cash management trusts with a counterparty rating of grade 1 or 2
1.00
3 unpaid premiums due 6 months or less previously from a counterparty with a rating of grade 1, 2 or 3

bonds that mature, or are redeemable, in 1 year or more issued by a counterparty with a rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)
2.00
4 unpaid premiums due 6 months or less previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5

bonds issued by a counterparty with a rating of grade 3 (excluding subordinated debt)

cash management trusts with a counterparty rating of grade 3

secured loans
4.00
5 unpaid premiums due more than 6 months previously from a counterparty with a rating of grade 1, 2 or 3

bonds issued by a counterparty with a rating of grade 4 (excluding subordinated debt)

cash management trusts with a counterparty rating of grade 4
6.00
6 unpaid premiums due more than 6 months previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5

bonds issued by a counterparty with a rating of grade 5 (excluding subordinated debt)

cash management trusts with a counterparty rating of grade 5

listed subordinated debt
8.00
7 unlisted subordinated debt

preference shares
10.00
8 listed equity investment

listed trusts
16.00
9 direct holdings of real estate

unlisted equity investment

unlisted trusts
20.00
10 loans to:
(a) directors of the insurer;
(b) directors of related parties; or
(c) dependent relatives of such directors
unsecured loans to employees (except loans of less than QR3,600)

assets subject to a fixed or floating charge
100.00
11 other non-reinsurance assets not mentioned in this table 20.00

Note Equity investment is defined in the glossary.

Amended by QFCRA RM/2015-1 (as from 1st July 2015).