Advances to an entity (17.15-17.17A)
Where the relevant advance to an entity from the issuer or any of its subsidiaries exceeds 8% under the assets ratio defined under rule 19.07(1), the issuer must announce the information in rule 17.17 immediately thereafter. For the avoidance of doubt, an advance to a subsidiary of the issuer, or between subsidiaries of the issuer, will not be regarded as a relevant advance to an entity.
Where the relevant advance to an entity increases from that previously disclosed (whether under rule 17.15, 17.16 or 17.22) and the amount of the increase since the previous disclosure is 3% or more under the assets ratio defined under rule 19.07(1), the issuer must announce the information in rule 17.17 immediately thereafter.
17.17(1) details of the relevant advance to an entity including details of the balances;(2) the nature of events or transactions giving rise to the amounts;(3) the identity of the debtor group;(4) interest rate; and(5) repayment terms and collateral.
17.17A(1) it arose in the issuer's ordinary and usual course of business (other than as a result of the provision of financial assistance); and(2) the transaction from which the trade receivable arose was on normal commercial terms.