Gaois

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  1. FINANCE|insurance

    #655193

    IATE #3567925
    raon difríochta bunúsach Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    fundamental spread
    en
    Definition (for the purposes of calculating the matching adjustment) amount which is:(a) equal to the sum of the following:(i) the credit spread corresponding to the probability of default of the assets;(ii) the credit spread corresponding to the expected loss resulting from downgrading of the assets;(b) for exposures to Member States' central governments and central banks, no lower than 30 % of the long-term average of the spread over the risk-free interest rate of assets of the same duration, credit quality and asset class, as observed in financial markets;(c) for assets other than exposures to Member States' central governments and central banks, no lower than 35 % of the long-term average of the spread over the risk-free interest rate of assets of the same duration, credit quality and asset class, as observed in financial markets Reference "COM-RO, based on:Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)(recast), CELEX:02009L0138/EN"