| (1) | The content of the relevant return is confidential and not available for inspection by the public. |
| (2) | The purpose of the return primarily is— |
| (a) | to establish the ranges within which banks set selected key interest rates; |
| (b) | to assess the impact that changes in the Reserve Bank's repurchase rate has on the main sectors of the economy; |
| (c) | to monitor the transmission of changes in the Reserve Bank's repurchase rate through the banking sector to the broader economy, that is, to assess the extent of the pass-through of changes in the repurchase rate to other interest rates, the timing of such changes and the effect or magnitude of the said changes; |
| (d) | to obtain selected information related to a bank's cost of funds, yield on assets and related margins, allowing for product mix, term and other considerations. |
| (3) | The institutional breakdown of liabilities and assets shall be made in accordance with the information contained in the Institutional Sector Classification Guide for South Africa 1 read with the relevant requirements specified in regulation 66 of these Regulations, and any relevant classification shall be made in accordance with the classification made on the form BA 900. |
[Regulation 64(3) substituted by regulation 33(a) of Notice No. 297, GG 40002, dated 20 May 2016]
| (4) | The rates to be reported shall be the rates set by the reporting bank in the ordinary course of arms-length business. Special or concessionary rates, such as rates sometimes provided by the reporting bank to its employees as a fringe benefit, outlier rates that may skew the weighted-average-ordinary-course-of-arms-length-business rate or rates set to nil due to exceptional circumstances such as the overdue status of an account, and the related outstanding balance of that account, shall be excluded from the form BA 930. |
| (5) | Weighted average rates shall be calculated and reported for each relevant type of account, calculated across all accounts maintained in the ordinary course of arms-length banking business and weighted based on the outstanding balances at month-end provided that— |
| (a) | any relevant maturity classification shall be determined with reference to the original maturity; |
| (b) | when the reporting bank is unable to calculate an average rate as required in this subregulation (5), the reporting bank shall after consultation with the Research Department of the Reserve Bank, and subject to such conditions as may be specified, consistently report a typical rate for the relevant accounts. |
| (6) | All rates to be reported shall be the rates in effect at the end of the month to which the return relates and shall be reported as rates per annum quoted in the ordinary course of business. This would generally be nominal rates, rather than effective compounded rates. |
| (7) | Only outstanding balances at month-end and interest rates pertaining to deposits, loans and advances denominated in rand shall be reported on the form BA 930, that is, foreign-currency denominated business shall be excluded. |
| (8) | For the purposes of this regulation— |
| (a) | savings deposits of the household sector shall be reported separately in the relevant specified item provided. Relevant savings deposits by other sectors shall be included under call deposits; |
| (b) | the category "other" specified in items 56, 66, 73 and 83 includes other loans and advances, loans granted in terms of resale agreements, redeemable preference shares issued and any other relevant asset item in respect of which interest rates are applicable, but excludes overdrafts, instalment sales, leasing, mortgages and credit cards; |
[Regulation 64(8)(b) substituted by regulation 33(c) of Notice No. 297, GG 40002, dated 20 May 2016]
| (c) | the category "other" specified in items 11, 23, 34 and 45 includes loans granted in terms of repurchase agreements, collateralised borrowing, debt securities and other liability items in respect of which interest rates are applicable, but excludes all relevant deposit items listed separately; |
[Regulation 64(8)(c) inserted by regulation 33(d) of Notice No. 297, GG 40002, dated 20 May 2016]
| (d) | fixed rate means a predefined fixed interest rate, set for either a specified term or the entire period or duration of the relevant loan or advance; |
| (e) | flexible rate means any variable interest rate linked to a base rate that may change when the base rate changes, such as, for example, a prime linked loan or advance; |
| (f) | micro loans shall include all relevant amounts related to unsecured lending up to a maximum amount of R30 000, which loan amount shall relate to the relevant original exposure and loan agreement in respect of which the maximum NCA rates apply, provided that any relevant loan amount related to a credit card scheme or withdrawn from a cheque account in terms of an overdraft facility, causing a debit balance on that particular account, shall be excluded from this category of micro loans. |
[Regulation 64(8)(f) substituted by regulation 33(e) of Notice No. 297, GG 40002, dated 20 May 2016]
| (g) | whenever relevant, new loans granted shall include the relevant amount related to— |
| (i) | all new accounts opened during the reporting month in respect of the relevant category specified in the form BA 930, and outstanding at the end of the reporting month; and |
| (ii) | any new loans advanced or any renegotiation or renewal of an existing loan. |
[Regulation 64(8)(g) inserted by regulation 33(f) of Notice No. 297, GG 40002, dated 20 May 2016]
| 1 | Copies of this guide can be obtained from the Economic Research and Statistics Department, S A Reserve Bank, P 0 Box 7433, Pretoria, 0001. The guide can also be accessed on the Website address www.resbank.co.za, under statistical and economic information, other publications |
[Footnote 1 substituted by regulation 33(b) of Notice No. 297, GG 40002, dated 20 May 2016]
