BKLM376000 | Chargeable equity and liabilities: relevant foreign banks: attribution of chargeable equity and liabilities to a branch: chargeable equity and liabilities: not a balance sheet

The purpose of these steps is to find the correct chargeable equity and liabilities of the relevant foreign bank for the purpose of the bank levy. It is not to produce a branch balance sheet.

As certain liabilities will have been excluded, netted, covered by high quality liquid assets or left out if between group members within the charge to the bank levy, then the chargeable equity and liabilities of the branch will not be equal in amount to the branch assets.