QRREQualifying Revolving Retail Exposure
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Unlike in many other countries (including Australia), the Reserve Bank has not permitted New Zealand banks to classify their credit card portfolios as QRRE loans for two reasons:
* Given the nature of New Zealand credit card risks, use of the QRRE category would mean credit card loans attract a similar level of capital as residential mortgage loans.
So while generally loans classified as QRRE generate less capital, very high PD loans do not.