Commission Implementing Regulation (EU) 2021/178 of 8 February 2021 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 December 2020 until 30 March 2021 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and ReinsuranceText with EEA relevance.

Commission Implementing Regulation (EU) 2021/178 of 8 February 2021 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 December 2020 until 30 March 2021 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Text with EEA relevance) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) OJ L 335, 17.12.2009, p. 1. , and in particular the third subparagraph of Article 77e(2) thereof, Whereas: (1) In order to ensure uniform conditions for the calculation of technical provisions and basic own funds by insurance and reinsurance undertakings for the purposes of Directive 2009/138/EC, technical information on relevant risk-free interest rate term structures, fundamental spreads for the calculation of the matching adjustment and volatility adjustments should be laid down for every reference date. (2) Insurance and re-insurance undertakings should use the technical information, which is based on market data related to the end of the last month preceding the first reporting reference date to which this Regulation applies. On 7 January 2021, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of December 2020 market data. That information was published on 7 January 2021 in accordance with Article 77e(1) of Directive 2009/138/EC. (3) Given the need for the immediate availability of the technical information, it is important that this Regulation enters into force as a matter of urgency. (4) For prudential reasons it is necessary that insurance and reinsurance undertakings use the same technical information for calculating technical provisions and basic own funds irrespective of the date on which they report to their competent authorities. This Regulation should therefore apply from the first reporting reference date to which this Regulation applies. (5) To provide legal certainty as soon as possible, it is duly justified on imperative grounds of urgency related to the availability of the relevant risk-free interest rate term structure that measures provided for in this Regulation be adopted in accordance with Article 8, in conjunction with Article 4, of Regulation (EU) No 182/2011 of the European Parliament and of the Council Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission's exercise of implementing powers (OJ L 55, 28.2.2011, p. 13). , HAS ADOPTED THIS REGULATION:

Article 1

1. Insurance and reinsurance undertakings shall use the technical information referred to in paragraph 2 when calculating technical provisions and basic own funds for reporting with reference dates from 31 December 2020 until 30 March 2021.

1. For each relevant currency, the technical information used to calculate the best estimate in accordance with Article 77 of Directive 2009/138/EC, the matching adjustment in accordance with Article 77c of that Directive and the volatility adjustment in accordance with Article 77d of that Directive shall be the following: (a) the relevant risk-free rate term structures set out in Annex I; (b) the fundamental spreads for the calculation of the matching adjustment set out in Annex II; (c) for each relevant national insurance market, the volatility adjustments set out in Annex III.

Article 2

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union. It shall apply from 31 December 2020. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 8 February 2021. For the Commission The President Ursula von der Leyen

Annex

ANNEX I Relevant risk-free interest rate term structures to calculate the best estimate, without any matching adjustment or volatility adjustment Term to maturity (in years)EuroCzech korunaDanish kroneForintKronaKuna1-0,623%0,385%-0,633%0,286%-0,144%-0,258%2-0,624%0,606%-0,634%0,530%-0,117%-0,078%3-0,608%0,790%-0,618%0,771%-0,071%0,065%4-0,587%0,927%-0,597%0,996%-0,020%0,164%5-0,558%1,020%-0,568%1,198%0,033%0,249%6-0,527%1,076%-0,537%1,381%0,085%0,337%7-0,486%1,113%-0,496%1,545%0,139%0,435%8-0,445%1,141%-0,455%1,690%0,162%0,546%9-0,404%1,167%-0,415%1,819%0,199%0,668%10-0,367%1,193%-0,377%1,928%0,291%0,790%11-0,320%1,223%-0,330%2,015%0,453%0,909%12-0,275%1,256%-0,285%2,087%0,646%1,022%13-0,263%1,294%-0,273%2,150%0,839%1,130%14-0,205%1,337%-0,215%2,209%1,021%1,232%15-0,174%1,386%-0,185%2,269%1,188%1,329%16-0,166%1,440%-0,176%2,330%1,339%1,420%17-0,161%1,499%-0,171%2,392%1,476%1,507%18-0,151%1,558%-0,162%2,453%1,598%1,589%19-0,130%1,619%-0,140%2,514%1,709%1,666%20-0,093%1,679%-0,103%2,573%1,810%1,738%21-0,038%1,738%-0,048%2,631%1,901%1,807%220,029%1,796%0,019%2,687%1,984%1,872%230,105%1,852%0,095%2,741%2,060%1,934%240,186%1,907%0,176%2,792%2,130%1,992%250,270%1,960%0,260%2,842%2,194%2,047%260,354%2,010%0,346%2,890%2,254%2,100%270,439%2,059%0,431%2,936%2,309%2,150%280,523%2,106%0,515%2,980%2,360%2,197%290,606%2,151%0,598%3,022%2,407%2,242%300,686%2,194%0,678%3,062%2,452%2,284%310,765%2,236%0,757%3,100%2,493%2,325%320,841%2,275%0,833%3,137%2,532%2,364%330,914%2,314%0,907%3,173%2,569%2,400%340,985%2,350%0,978%3,206%2,604%2,436%351,053%2,385%1,046%3,239%2,636%2,469%361,119%2,418%1,112%3,270%2,667%2,501%371,182%2,451%1,176%3,299%2,696%2,532% 381,243%2,481%1,237%3,328%2,724%2,561%391,302%2,511%1,296%3,355%2,750%2,589%401,358%2,539%1,352%3,381%2,775%2,616%411,412%2,567%1,406%3,407%2,798%2,642%421,464%2,593%1,458%3,431%2,821%2,667%431,514%2,618%1,508%3,454%2,843%2,690%441,562%2,642%1,557%3,476%2,863%2,713%451,608%2,665%1,603%3,498%2,883%2,735%461,653%2,688%1,648%3,518%2,901%2,756%471,696%2,709%1,690%3,538%2,919%2,776%481,737%2,730%1,732%3,557%2,937%2,796%491,777%2,750%1,772%3,576%2,953%2,814%501,815%2,769%1,810%3,594%2,969%2,832%511,852%2,788%1,847%3,611%2,984%2,850%521,887%2,806%1,882%3,627%2,999%2,867%531,922%2,823%1,917%3,643%3,013%2,883%541,955%2,840%1,950%3,659%3,027%2,898%551,987%2,856%1,982%3,674%3,040%2,913%562,018%2,871%2,013%3,688%3,053%2,928%572,047%2,887%2,043%3,702%3,065%2,942%582,076%2,901%2,072%3,715%3,076%2,956%592,104%2,915%2,100%3,728%3,088%2,969%602,131%2,929%2,127%3,741%3,099%2,982%612,157%2,942%2,153%3,753%3,109%2,994%622,183%2,955%2,179%3,765%3,120%3,006%632,207%2,967%2,203%3,777%3,130%3,018%642,231%2,980%2,227%3,788%3,139%3,029%652,254%2,991%2,250%3,799%3,149%3,040%662,277%3,003%2,273%3,809%3,158%3,051%672,298%3,014%2,295%3,819%3,167%3,061%682,320%3,024%2,316%3,829%3,175%3,071%692,340%3,035%2,337%3,839%3,184%3,081%702,360%3,045%2,357%3,848%3,192%3,090%712,380%3,055%2,376%3,857%3,199%3,099%722,398%3,064%2,395%3,866%3,207%3,108%732,417%3,074%2,413%3,875%3,215%3,117%742,435%3,083%2,431%3,883%3,222%3,126%752,452%3,092%2,449%3,891%3,229%3,134%762,469%3,100%2,466%3,899%3,236%3,142%772,486%3,109%2,482%3,907%3,242%3,150%782,502%3,117%2,498%3,915%3,249%3,157%792,517%3,125%2,514%3,922%3,255%3,165%802,533%3,133%2,530%3,929%3,261%3,172%812,548%3,140%2,545%3,936%3,267%3,179%

822,562%3,148%2,559%3,943%3,273%3,186%832,576%3,155%2,573%3,950%3,279%3,193%842,590%3,162%2,587%3,956%3,284%3,200%852,604%3,169%2,601%3,963%3,290%3,206%862,617%3,175%2,614%3,969%3,295%3,212%872,630%3,182%2,627%3,975%3,300%3,218%882,643%3,188%2,640%3,981%3,306%3,224%892,655%3,195%2,652%3,987%3,311%3,230%902,667%3,201%2,664%3,992%3,315%3,236%912,679%3,207%2,676%3,998%3,320%3,242%922,691%3,213%2,688%4,003%3,325%3,247%932,702%3,219%2,699%4,009%3,329%3,253%942,713%3,224%2,710%4,014%3,334%3,258%952,724%3,230%2,721%4,019%3,338%3,263%962,735%3,235%2,732%4,024%3,343%3,268%972,745%3,240%2,742%4,029%3,347%3,273%982,755%3,246%2,753%4,034%3,351%3,278%992,765%3,251%2,763%4,038%3,355%3,283%1002,775%3,256%2,772%4,043%3,359%3,287%1012,785%3,261%2,782%4,048%3,363%3,292%1022,794%3,265%2,792%4,052%3,366%3,296%1032,803%3,270%2,801%4,056%3,370%3,301%1042,812%3,275%2,810%4,061%3,374%3,305%1052,821%3,279%2,819%4,065%3,377%3,309%1062,830%3,284%2,828%4,069%3,381%3,313%1072,838%3,288%2,836%4,073%3,384%3,318%1082,847%3,292%2,845%4,077%3,388%3,322%1092,855%3,296%2,853%4,081%3,391%3,325%1102,863%3,300%2,861%4,084%3,394%3,329%1112,871%3,305%2,869%4,088%3,398%3,333%1122,879%3,309%2,877%4,092%3,401%3,337%1132,887%3,312%2,884%4,095%3,404%3,340%1142,894%3,316%2,892%4,099%3,407%3,344%1152,902%3,320%2,899%4,103%3,410%3,348%1162,909%3,324%2,907%4,106%3,413%3,351%1172,916%3,327%2,914%4,109%3,416%3,354%1182,923%3,331%2,921%4,113%3,418%3,358%1192,930%3,334%2,928%4,116%3,421%3,361%1202,937%3,338%2,935%4,119%3,424%3,364%1212,943%3,341%2,941%4,122%3,427%3,367%1222,950%3,345%2,948%4,125%3,429%3,371%1232,957%3,348%2,955%4,128%3,432%3,374%1242,963%3,351%2,961%4,131%3,434%3,377%1252,969%3,354%2,967%4,134%3,437%3,380% 1262,975%3,357%2,973%4,137%3,439%3,383%1272,981%3,361%2,979%4,140%3,442%3,386%1282,987%3,364%2,985%4,143%3,444%3,388%1292,993%3,367%2,991%4,146%3,447%3,391%1302,999%3,370%2,997%4,148%3,449%3,394%1313,005%3,372%3,003%4,151%3,451%3,397%1323,010%3,375%3,009%4,154%3,454%3,399%1333,016%3,378%3,014%4,156%3,456%3,402%1343,021%3,381%3,020%4,159%3,458%3,405%1353,027%3,384%3,025%4,161%3,460%3,407%1363,032%3,386%3,030%4,164%3,462%3,410%1373,037%3,389%3,036%4,166%3,464%3,412%1383,043%3,392%3,041%4,169%3,466%3,415%1393,048%3,394%3,046%4,171%3,468%3,417%1403,053%3,397%3,051%4,173%3,470%3,419%1413,058%3,399%3,056%4,176%3,472%3,422%1423,062%3,402%3,061%4,178%3,474%3,424%1433,067%3,404%3,065%4,180%3,476%3,426%1443,072%3,406%3,070%4,182%3,478%3,428%1453,077%3,409%3,075%4,185%3,480%3,431%1463,081%3,411%3,079%4,187%3,482%3,433%1473,086%3,413%3,084%4,189%3,484%3,435%1483,090%3,416%3,088%4,191%3,486%3,437%1493,095%3,418%3,093%4,193%3,487%3,439%1503,099%3,420%3,097%4,195%3,489%3,441%Term to maturity (in years)LevPound sterlingRomanian leuZlotyKrónaNorwegian krone1-0,673%-0,110%2,285%-0,150%0,967%0,308%2-0,674%-0,079%2,361%-0,071%1,287%0,485%3-0,658%-0,019%2,435%0,073%1,710%0,616%4-0,637%0,035%2,511%0,247%2,045%0,748%5-0,608%0,083%2,581%0,425%2,313%0,859%6-0,577%0,128%2,651%0,599%2,545%0,940%7-0,536%0,171%2,722%0,760%2,748%1,006%8-0,495%0,212%2,794%0,911%2,918%1,068%9-0,455%0,251%2,865%1,054%3,050%1,131%10-0,418%0,289%2,939%1,190%3,154%1,200%11-0,370%0,321%3,004%1,313%3,237%1,274%12-0,325%0,349%3,058%1,427%3,304%1,352%13-0,313%0,374%3,104%1,530%3,360%1,430%14-0,255%0,396%3,144%1,626%3,406%1,508%15-0,225%0,415%3,178%1,714%3,445%1,583%

16-0,217%0,431%3,209%1,796%3,478%1,657%17-0,212%0,444%3,236%1,873%3,507%1,728%18-0,203%0,455%3,261%1,944%3,531%1,796%19-0,181%0,463%3,283%2,011%3,553%1,861%20-0,143%0,469%3,303%2,074%3,571%1,923%21-0,088%0,473%3,322%2,132%3,587%1,982%22-0,020%0,476%3,338%2,188%3,601%2,038%230,057%0,477%3,354%2,240%3,614%2,092%240,139%0,477%3,368%2,289%3,625%2,144%250,224%0,476%3,381%2,335%3,635%2,192%260,310%0,475%3,394%2,379%3,644%2,239%270,396%0,473%3,405%2,420%3,652%2,283%280,481%0,471%3,416%2,460%3,659%2,325%290,565%0,469%3,426%2,497%3,665%2,366%300,646%0,468%3,436%2,533%3,671%2,404%310,726%0,468%3,445%2,566%3,676%2,441%320,803%0,467%3,453%2,598%3,681%2,476%330,877%0,465%3,461%2,629%3,685%2,509%340,949%0,463%3,469%2,658%3,689%2,541%351,018%0,459%3,476%2,686%3,692%2,571%361,085%0,454%3,483%2,713%3,696%2,601%371,149%0,447%3,489%2,738%3,698%2,629%381,211%0,437%3,495%2,762%3,701%2,655%391,270%0,426%3,501%2,785%3,704%2,681%401,327%0,411%3,507%2,808%3,706%2,706%411,382%0,394%3,512%2,829%3,708%2,729%421,435%0,376%3,517%2,849%3,710%2,752%431,485%0,359%3,522%2,869%3,712%2,773%441,534%0,345%3,527%2,888%3,713%2,794%451,581%0,335%3,531%2,906%3,715%2,814%461,626%0,330%3,536%2,923%3,716%2,834%471,669%0,329%3,540%2,940%3,717%2,852%481,711%0,334%3,544%2,956%3,719%2,870%491,751%0,345%3,548%2,972%3,720%2,887%501,790%0,362%3,552%2,987%3,721%2,904%511,827%0,385%3,555%3,001%3,722%2,920%521,863%0,413%3,559%3,015%3,723%2,935%531,898%0,444%3,562%3,028%3,723%2,950%541,932%0,479%3,565%3,041%3,724%2,965%551,964%0,516%3,569%3,054%3,725%2,978%561,995%0,554%3,572%3,066%3,726%2,992%572,026%0,594%3,575%3,078%3,726%3,005%582,055%0,634%3,578%3,089%3,727%3,017%592,083%0,674%3,580%3,100%3,728%3,030% 602,110%0,715%3,583%3,111%3,728%3,041%612,137%0,755%3,586%3,121%3,729%3,053%622,163%0,796%3,588%3,131%3,729%3,064%632,188%0,836%3,591%3,141%3,730%3,075%642,212%0,875%3,593%3,150%3,730%3,085%652,235%0,914%3,595%3,159%3,730%3,095%662,258%0,953%3,597%3,168%3,731%3,105%672,280%0,990%3,600%3,177%3,731%3,114%682,301%1,028%3,602%3,185%3,732%3,124%692,322%1,064%3,604%3,193%3,732%3,133%702,342%1,100%3,606%3,201%3,732%3,141%712,362%1,135%3,608%3,208%3,733%3,150%722,381%1,169%3,610%3,216%3,733%3,158%732,400%1,202%3,612%3,223%3,733%3,166%742,418%1,235%3,613%3,230%3,733%3,174%752,435%1,267%3,615%3,237%3,734%3,182%762,453%1,299%3,617%3,244%3,734%3,189%772,469%1,329%3,619%3,250%3,734%3,196%782,486%1,359%3,620%3,257%3,735%3,203%792,502%1,389%3,622%3,263%3,735%3,210%802,517%1,417%3,623%3,269%3,735%3,217%812,532%1,445%3,625%3,275%3,735%3,224%822,547%1,473%3,626%3,281%3,735%3,230%832,561%1,500%3,628%3,286%3,736%3,236%842,575%1,526%3,629%3,292%3,736%3,242%852,589%1,551%3,631%3,297%3,736%3,248%862,603%1,576%3,632%3,302%3,736%3,254%872,616%1,601%3,633%3,308%3,736%3,260%882,628%1,625%3,635%3,313%3,737%3,265%892,641%1,648%3,636%3,317%3,737%3,271%902,653%1,671%3,637%3,322%3,737%3,276%912,665%1,694%3,638%3,327%3,737%3,281%922,677%1,716%3,640%3,331%3,737%3,286%932,688%1,738%3,641%3,336%3,737%3,291%942,700%1,759%3,642%3,340%3,737%3,296%952,711%1,779%3,643%3,345%3,738%3,301%962,721%1,800%3,644%3,349%3,738%3,306%972,732%1,820%3,645%3,353%3,738%3,310%982,742%1,839%3,646%3,357%3,738%3,315%992,752%1,858%3,647%3,361%3,738%3,319%1002,762%1,877%3,648%3,365%3,738%3,323%1012,772%1,895%3,649%3,369%3,738%3,327%1022,782%1,913%3,650%3,372%3,738%3,332%1032,791%1,931%3,651%3,376%3,739%3,336%

1042,800%1,948%3,652%3,380%3,739%3,340%1052,809%1,965%3,653%3,383%3,739%3,344%1062,818%1,982%3,654%3,387%3,739%3,347%1072,827%1,998%3,655%3,390%3,739%3,351%1082,835%2,014%3,656%3,393%3,739%3,355%1092,844%2,030%3,657%3,397%3,739%3,358%1102,852%2,046%3,657%3,400%3,739%3,362%1112,860%2,061%3,658%3,403%3,739%3,365%1122,868%2,076%3,659%3,406%3,740%3,369%1132,876%2,090%3,660%3,409%3,740%3,372%1142,883%2,105%3,661%3,412%3,740%3,376%1152,891%2,119%3,661%3,415%3,740%3,379%1162,898%2,133%3,662%3,418%3,740%3,382%1172,905%2,147%3,663%3,421%3,740%3,385%1182,912%2,160%3,664%3,423%3,740%3,388%1192,919%2,174%3,664%3,426%3,740%3,391%1202,926%2,187%3,665%3,429%3,740%3,394%1212,933%2,199%3,666%3,432%3,740%3,397%1222,940%2,212%3,667%3,434%3,740%3,400%1232,946%2,224%3,667%3,437%3,741%3,403%1242,953%2,237%3,668%3,439%3,741%3,406%1252,959%2,249%3,668%3,442%3,741%3,408%1262,965%2,260%3,669%3,444%3,741%3,411%1272,972%2,272%3,670%3,447%3,741%3,414%1282,978%2,284%3,670%3,449%3,741%3,416%1292,984%2,295%3,671%3,451%3,741%3,419%1302,989%2,306%3,672%3,454%3,741%3,422%1312,995%2,317%3,672%3,456%3,741%3,424%1323,001%2,328%3,673%3,458%3,741%3,427%1333,007%2,338%3,673%3,460%3,741%3,429%1343,012%2,349%3,674%3,462%3,741%3,431%1353,018%2,359%3,675%3,465%3,741%3,434%1363,023%2,369%3,675%3,467%3,741%3,436%1373,028%2,379%3,676%3,469%3,741%3,438%1383,033%2,389%3,676%3,471%3,742%3,441%1393,039%2,399%3,677%3,473%3,742%3,443%1403,044%2,408%3,677%3,475%3,742%3,445%1413,049%2,418%3,678%3,477%3,742%3,447%1423,054%2,427%3,678%3,479%3,742%3,449%1433,058%2,436%3,679%3,481%3,742%3,451%1443,063%2,445%3,679%3,482%3,742%3,453%1453,068%2,454%3,680%3,484%3,742%3,456%1463,073%2,463%3,680%3,486%3,742%3,458%1473,077%2,472%3,681%3,488%3,742%3,460% 1483,082%2,481%3,681%3,490%3,742%3,461%1493,086%2,489%3,682%3,491%3,742%3,463%1503,091%2,497%3,682%3,493%3,742%3,465%Term to maturity (in years)Swiss francAustralian dollarBahtCanadian dollarChilean pesoColombian peso1-0,830%-0,061%0,050%0,236%-0,111%1,560%2-0,810%-0,011%0,119%0,310%0,185%2,282%3-0,777%0,065%0,216%0,400%0,520%2,887%4-0,728%0,165%0,331%0,513%0,864%3,408%5-0,662%0,287%0,457%0,621%1,190%3,846%6-0,586%0,420%0,587%0,716%1,492%4,231%7-0,513%0,551%0,715%0,807%1,784%4,580%8-0,453%0,677%0,834%0,894%2,070%4,896%9-0,410%0,795%0,941%0,971%2,335%5,201%10-0,386%0,902%1,033%1,031%2,565%5,484%11-0,380%1,000%1,114%1,074%2,756%5,701%12-0,384%1,085%1,185%1,104%2,914%5,857%13-0,392%1,157%1,246%1,126%3,048%5,968%14-0,400%1,218%1,303%1,144%3,162%6,044%15-0,406%1,268%1,361%1,160%3,260%6,095%16-0,409%1,309%1,423%1,176%3,346%6,125%17-0,407%1,344%1,486%1,192%3,421%6,139%18-0,400%1,374%1,550%1,209%3,487%6,141%19-0,387%1,400%1,614%1,227%3,546%6,134%20-0,370%1,424%1,676%1,246%3,599%6,120%21-0,347%1,446%1,737%1,267%3,647%6,100%22-0,318%1,464%1,797%1,290%3,690%6,077%23-0,284%1,478%1,854%1,314%3,729%6,050%24-0,245%1,486%1,910%1,340%3,764%6,021%25-0,200%1,488%1,963%1,368%3,797%5,991%26-0,149%1,484%2,015%1,397%3,827%5,960%27-0,094%1,478%2,064%1,428%3,854%5,928%28-0,037%1,473%2,111%1,461%3,880%5,896%290,022%1,473%2,157%1,496%3,903%5,864%300,081%1,480%2,200%1,532%3,925%5,833%310,140%1,495%2,242%1,571%3,946%5,802%320,198%1,516%2,281%1,610%3,965%5,772%330,256%1,542%2,319%1,651%3,982%5,742%340,313%1,572%2,356%1,691%3,999%5,713%350,368%1,605%2,391%1,732%4,015%5,685%

360,422%1,639%2,424%1,772%4,029%5,658%370,474%1,675%2,456%1,812%4,043%5,631%380,525%1,711%2,487%1,851%4,056%5,606%390,574%1,748%2,517%1,890%4,068%5,581%400,621%1,784%2,545%1,927%4,080%5,557%410,667%1,821%2,572%1,964%4,091%5,534%420,712%1,857%2,598%1,999%4,101%5,512%430,755%1,892%2,623%2,034%4,111%5,490%440,796%1,927%2,647%2,068%4,121%5,469%450,836%1,961%2,670%2,101%4,130%5,449%460,875%1,995%2,693%2,133%4,138%5,430%470,912%2,027%2,714%2,164%4,147%5,411%480,948%2,059%2,735%2,194%4,154%5,393%490,983%2,090%2,755%2,223%4,162%5,376%501,017%2,120%2,774%2,251%4,169%5,359%511,049%2,149%2,792%2,278%4,176%5,343%521,081%2,178%2,810%2,305%4,182%5,327%531,111%2,205%2,827%2,330%4,189%5,312%541,140%2,232%2,844%2,355%4,195%5,297%551,169%2,258%2,860%2,379%4,200%5,283%561,196%2,284%2,876%2,403%4,206%5,269%571,223%2,308%2,891%2,425%4,211%5,256%581,248%2,332%2,905%2,447%4,217%5,243%591,273%2,355%2,919%2,469%4,222%5,231%601,297%2,377%2,933%2,489%4,226%5,219%611,321%2,399%2,946%2,509%4,231%5,207%621,343%2,420%2,959%2,529%4,236%5,196%631,365%2,441%2,971%2,548%4,240%5,185%641,387%2,461%2,983%2,566%4,244%5,174%651,407%2,480%2,995%2,584%4,248%5,164%661,427%2,499%3,006%2,601%4,252%5,154%671,447%2,517%3,017%2,618%4,256%5,144%681,466%2,535%3,028%2,634%4,260%5,135%691,484%2,553%3,038%2,650%4,263%5,125%701,502%2,569%3,048%2,666%4,267%5,117%711,519%2,586%3,058%2,681%4,270%5,108%721,536%2,602%3,068%2,695%4,273%5,099%731,553%2,617%3,077%2,710%4,276%5,091%741,569%2,632%3,086%2,724%4,279%5,083%751,584%2,647%3,095%2,737%4,282%5,075%761,600%2,662%3,103%2,750%4,285%5,068%771,614%2,676%3,112%2,763%4,288%5,061%781,629%2,689%3,120%2,776%4,291%5,053%791,643%2,703%3,128%2,788%4,294%5,046% 801,657%2,716%3,135%2,800%4,296%5,039%811,670%2,728%3,143%2,811%4,299%5,033%821,683%2,741%3,150%2,823%4,301%5,026%831,696%2,753%3,158%2,834%4,304%5,020%841,708%2,764%3,165%2,845%4,306%5,014%851,721%2,776%3,171%2,855%4,308%5,008%861,733%2,787%3,178%2,866%4,311%5,002%871,744%2,798%3,185%2,876%4,313%4,996%881,756%2,809%3,191%2,886%4,315%4,990%891,767%2,819%3,197%2,895%4,317%4,985%901,778%2,830%3,203%2,905%4,319%4,979%911,788%2,840%3,209%2,914%4,321%4,974%921,799%2,850%3,215%2,923%4,323%4,969%931,809%2,859%3,221%2,932%4,325%4,964%941,819%2,869%3,227%2,941%4,327%4,959%951,828%2,878%3,232%2,949%4,329%4,954%961,838%2,887%3,238%2,957%4,331%4,949%971,847%2,896%3,243%2,965%4,332%4,945%981,857%2,905%3,248%2,973%4,334%4,940%991,866%2,913%3,253%2,981%4,336%4,936%1001,874%2,921%3,258%2,989%4,337%4,931%1011,883%2,930%3,263%2,996%4,339%4,927%1021,891%2,938%3,268%3,004%4,341%4,923%1031,900%2,945%3,272%3,011%4,342%4,919%1041,908%2,953%3,277%3,018%4,344%4,915%1051,916%2,961%3,281%3,025%4,345%4,911%1061,924%2,968%3,286%3,032%4,347%4,907%1071,931%2,975%3,290%3,038%4,348%4,903%1081,939%2,983%3,294%3,045%4,349%4,899%1091,946%2,990%3,299%3,051%4,351%4,896%1101,954%2,996%3,303%3,058%4,352%4,892%1111,961%3,003%3,307%3,064%4,354%4,889%1121,968%3,010%3,311%3,070%4,355%4,885%1131,975%3,016%3,314%3,076%4,356%4,882%1141,981%3,023%3,318%3,082%4,357%4,878%1151,988%3,029%3,322%3,088%4,359%4,875%1161,995%3,035%3,326%3,094%4,360%4,872%1172,001%3,041%3,329%3,099%4,361%4,869%1182,007%3,047%3,333%3,105%4,362%4,866%1192,014%3,053%3,336%3,110%4,363%4,862%1202,020%3,059%3,340%3,115%4,365%4,859%1212,026%3,065%3,343%3,121%4,366%4,856%1222,032%3,070%3,347%3,126%4,367%4,854%1232,038%3,076%3,350%3,131%4,368%4,851%

1242,043%3,081%3,353%3,136%4,369%4,848%1252,049%3,087%3,356%3,141%4,370%4,845%1262,054%3,092%3,359%3,145%4,371%4,842%1272,060%3,097%3,362%3,150%4,372%4,840%1282,065%3,102%3,365%3,155%4,373%4,837%1292,071%3,107%3,368%3,159%4,374%4,834%1302,076%3,112%3,371%3,164%4,375%4,832%1312,081%3,117%3,374%3,168%4,376%4,829%1322,086%3,122%3,377%3,173%4,377%4,827%1332,091%3,126%3,380%3,177%4,378%4,824%1342,096%3,131%3,383%3,181%4,379%4,822%1352,101%3,136%3,385%3,186%4,380%4,819%1362,105%3,140%3,388%3,190%4,381%4,817%1372,110%3,145%3,391%3,194%4,381%4,815%1382,115%3,149%3,393%3,198%4,382%4,812%1392,119%3,153%3,396%3,202%4,383%4,810%1402,124%3,157%3,398%3,206%4,384%4,808%1412,128%3,162%3,401%3,210%4,385%4,806%1422,133%3,166%3,403%3,213%4,386%4,804%1432,137%3,170%3,406%3,217%4,386%4,802%1442,141%3,174%3,408%3,221%4,387%4,799%1452,145%3,178%3,410%3,224%4,388%4,797%1462,149%3,182%3,413%3,228%4,389%4,795%1472,154%3,186%3,415%3,232%4,389%4,793%1482,158%3,189%3,417%3,235%4,390%4,791%1492,161%3,193%3,420%3,239%4,391%4,789%1502,165%3,197%3,422%3,242%4,392%4,787%Term to maturity (in years)Hong Kong dollarIndian rupeeMexican pesoNew Taiwan dollarNew Zealand dollarRand10,130%3,247%3,976%0,010%0,160%3,034%20,140%3,702%3,992%0,026%0,188%3,222%30,185%4,152%4,144%0,044%0,263%3,637%40,247%4,594%4,309%0,064%0,346%4,089%50,321%4,987%4,477%0,085%0,445%4,565%60,405%5,316%4,656%0,107%0,544%5,070%70,490%5,586%4,831%0,129%0,641%5,570%80,568%5,785%4,995%0,151%0,734%6,045%90,639%5,943%5,148%0,173%0,822%6,485%100,700%6,063%5,294%0,193%0,900%6,885%110,752%6,150%5,434%0,241%0,968%7,242%120,801%6,211%5,567%0,313%1,028%7,556%130,851%6,254%5,690%0,399%1,084%7,827% 140,905%6,283%5,802%0,493%1,137%8,051%150,964%6,301%5,903%0,590%1,188%8,227%161,030%6,310%5,991%0,688%1,239%8,352%171,101%6,314%6,067%0,786%1,291%8,435%181,173%6,313%6,130%0,881%1,342%8,485%191,246%6,308%6,179%0,974%1,396%8,508%201,318%6,300%6,214%1,063%1,450%8,510%211,389%6,290%6,235%1,149%1,506%8,495%221,459%6,279%6,244%1,232%1,564%8,468%231,526%6,266%6,245%1,311%1,621%8,431%241,591%6,252%6,238%1,387%1,677%8,386%251,654%6,238%6,225%1,459%1,733%8,335%261,714%6,224%6,208%1,528%1,787%8,281%271,772%6,209%6,188%1,594%1,840%8,224%281,828%6,194%6,165%1,657%1,891%8,165%291,881%6,179%6,140%1,717%1,940%8,106%301,932%6,165%6,115%1,774%1,988%8,046%311,981%6,150%6,088%1,828%2,034%7,987%322,028%6,136%6,061%1,880%2,078%7,929%332,073%6,122%6,034%1,930%2,120%7,871%342,116%6,109%6,007%1,977%2,161%7,815%352,157%6,095%5,980%2,023%2,201%7,760%362,197%6,082%5,954%2,066%2,238%7,707%372,235%6,070%5,928%2,107%2,275%7,655%382,271%6,058%5,902%2,147%2,309%7,605%392,305%6,046%5,877%2,185%2,343%7,557%402,339%6,034%5,853%2,221%2,375%7,510%412,371%6,023%5,830%2,256%2,406%7,465%422,401%6,012%5,807%2,290%2,436%7,422%432,431%6,002%5,785%2,322%2,464%7,380%442,459%5,992%5,763%2,353%2,492%7,339%452,486%5,982%5,743%2,382%2,518%7,300%462,513%5,973%5,723%2,411%2,543%7,263%472,538%5,963%5,703%2,438%2,568%7,227%482,562%5,955%5,684%2,464%2,592%7,192%492,585%5,946%5,666%2,490%2,614%7,158%502,608%5,938%5,649%2,514%2,636%7,126%512,630%5,930%5,632%2,538%2,657%7,094%522,650%5,922%5,615%2,560%2,678%7,064%532,671%5,914%5,600%2,582%2,697%7,035%542,690%5,907%5,584%2,603%2,716%7,007%552,709%5,900%5,569%2,624%2,735%6,980%562,727%5,893%5,555%2,643%2,752%6,953%572,745%5,886%5,541%2,662%2,770%6,928%

582,762%5,880%5,528%2,681%2,786%6,904%592,778%5,874%5,515%2,699%2,802%6,880%602,794%5,868%5,502%2,716%2,818%6,857%612,810%5,862%5,490%2,733%2,833%6,835%622,825%5,856%5,478%2,749%2,847%6,813%632,839%5,851%5,467%2,764%2,861%6,792%642,853%5,845%5,456%2,780%2,875%6,772%652,867%5,840%5,445%2,794%2,889%6,753%662,880%5,835%5,434%2,809%2,901%6,734%672,893%5,830%5,424%2,823%2,914%6,715%682,905%5,825%5,414%2,836%2,926%6,697%692,917%5,821%5,405%2,849%2,938%6,680%702,929%5,816%5,395%2,862%2,950%6,663%712,941%5,812%5,386%2,874%2,961%6,646%722,952%5,807%5,377%2,887%2,972%6,630%732,963%5,803%5,369%2,898%2,982%6,615%742,973%5,799%5,360%2,910%2,992%6,600%752,984%5,795%5,352%2,921%3,003%6,585%762,994%5,791%5,344%2,932%3,012%6,571%773,003%5,787%5,337%2,942%3,022%6,557%783,013%5,784%5,329%2,953%3,031%6,543%793,022%5,780%5,322%2,963%3,040%6,530%803,031%5,777%5,315%2,972%3,049%6,517%813,040%5,773%5,308%2,982%3,058%6,504%823,049%5,770%5,301%2,991%3,066%6,492%833,057%5,767%5,294%3,000%3,074%6,480%843,065%5,764%5,288%3,009%3,082%6,468%853,073%5,760%5,281%3,018%3,090%6,457%863,081%5,757%5,275%3,026%3,098%6,446%873,089%5,755%5,269%3,035%3,105%6,435%883,096%5,752%5,263%3,043%3,112%6,424%893,104%5,749%5,257%3,051%3,120%6,414%903,111%5,746%5,252%3,058%3,127%6,404%913,118%5,743%5,246%3,066%3,133%6,394%923,125%5,741%5,241%3,073%3,140%6,384%933,131%5,738%5,236%3,081%3,147%6,374%943,138%5,736%5,230%3,088%3,153%6,365%953,144%5,733%5,225%3,095%3,159%6,356%963,151%5,731%5,220%3,101%3,165%6,347%973,157%5,728%5,215%3,108%3,171%6,338%983,163%5,726%5,211%3,115%3,177%6,329%993,169%5,724%5,206%3,121%3,183%6,321%1003,175%5,721%5,201%3,127%3,189%6,313%1013,180%5,719%5,197%3,133%3,194%6,305% 1023,186%5,717%5,193%3,140%3,200%6,297%1033,191%5,715%5,188%3,145%3,205%6,289%1043,197%5,713%5,184%3,151%3,210%6,281%1053,202%5,711%5,180%3,157%3,215%6,274%1063,207%5,709%5,176%3,162%3,220%6,267%1073,212%5,707%5,172%3,168%3,225%6,259%1083,217%5,705%5,168%3,173%3,230%6,252%1093,222%5,703%5,164%3,179%3,235%6,245%1103,227%5,701%5,160%3,184%3,240%6,239%1113,231%5,699%5,157%3,189%3,244%6,232%1123,236%5,698%5,153%3,194%3,249%6,225%1133,241%5,696%5,149%3,199%3,253%6,219%1143,245%5,694%5,146%3,204%3,257%6,213%1153,249%5,693%5,142%3,208%3,262%6,206%1163,254%5,691%5,139%3,213%3,266%6,200%1173,258%5,689%5,136%3,218%3,270%6,194%1183,262%5,688%5,132%3,222%3,274%6,188%1193,266%5,686%5,129%3,226%3,278%6,183%1203,270%5,685%5,126%3,231%3,282%6,177%1213,274%5,683%5,123%3,235%3,286%6,171%1223,278%5,681%5,120%3,239%3,290%6,166%1233,282%5,680%5,117%3,243%3,293%6,160%1243,286%5,679%5,114%3,248%3,297%6,155%1253,289%5,677%5,111%3,252%3,301%6,150%1263,293%5,676%5,108%3,256%3,304%6,145%1273,297%5,674%5,105%3,259%3,308%6,139%1283,300%5,673%5,103%3,263%3,311%6,134%1293,304%5,672%5,100%3,267%3,315%6,130%1303,307%5,670%5,097%3,271%3,318%6,125%1313,310%5,669%5,094%3,274%3,321%6,120%1323,314%5,668%5,092%3,278%3,325%6,115%1333,317%5,666%5,089%3,281%3,328%6,111%1343,320%5,665%5,087%3,285%3,331%6,106%1353,323%5,664%5,084%3,288%3,334%6,101%1363,327%5,663%5,082%3,292%3,337%6,097%1373,330%5,662%5,079%3,295%3,340%6,093%1383,333%5,660%5,077%3,298%3,343%6,088%1393,336%5,659%5,075%3,302%3,346%6,084%1403,339%5,658%5,072%3,305%3,349%6,080%1413,342%5,657%5,070%3,308%3,352%6,076%1423,344%5,656%5,068%3,311%3,354%6,072%1433,347%5,655%5,065%3,314%3,357%6,068%1443,350%5,654%5,063%3,317%3,360%6,064%1453,353%5,653%5,061%3,320%3,363%6,060%

1463,355%5,652%5,059%3,323%3,365%6,056%1473,358%5,651%5,057%3,326%3,368%6,052%1483,361%5,650%5,055%3,329%3,370%6,049%1493,363%5,649%5,053%3,332%3,373%6,045%1503,366%5,648%5,051%3,334%3,375%6,041%Term to maturity (in years)RealRenminbi-yuanRinggitRussian roubleSingapore dollarSouth Korean won12,604%2,147%1,413%3,491%0,000%0,383%23,922%2,250%1,519%4,070%0,038%0,504%34,786%2,339%1,630%4,487%0,095%0,602%45,328%2,424%1,754%4,827%0,180%0,699%55,732%2,512%1,877%5,098%0,286%0,770%66,053%2,605%2,004%5,318%0,404%0,811%76,327%2,697%2,139%5,499%0,516%0,846%86,581%2,784%2,284%5,648%0,611%0,888%96,800%2,866%2,437%5,777%0,683%0,921%107,010%2,942%2,597%5,902%0,731%0,934%117,168%3,011%2,752%6,035%0,756%0,923%127,276%3,074%2,897%6,171%0,768%0,901%137,346%3,132%3,030%6,298%0,775%0,875%147,389%3,187%3,151%6,410%0,782%0,853%157,410%3,237%3,262%6,498%0,792%0,836%167,416%3,285%3,363%6,558%0,806%0,829%177,409%3,329%3,453%6,595%0,827%0,831%187,392%3,370%3,533%6,613%0,856%0,843%197,369%3,410%3,602%6,616%0,891%0,866%207,341%3,446%3,662%6,609%0,935%0,900%217,308%3,481%3,711%6,592%0,987%0,944%227,274%3,514%3,751%6,569%1,044%0,996%237,237%3,545%3,784%6,541%1,105%1,053%247,199%3,574%3,811%6,510%1,167%1,113%257,160%3,602%3,833%6,475%1,230%1,175%267,122%3,629%3,851%6,439%1,293%1,237%277,083%3,654%3,865%6,402%1,356%1,299%287,045%3,678%3,877%6,364%1,417%1,361%297,008%3,701%3,886%6,326%1,477%1,421%306,971%3,722%3,893%6,288%1,535%1,480%316,936%3,743%3,898%6,250%1,592%1,537%326,901%3,763%3,902%6,213%1,646%1,592%336,867%3,782%3,905%6,177%1,699%1,646%346,834%3,800%3,907%6,141%1,750%1,698%356,803%3,817%3,908%6,107%1,799%1,748% 366,772%3,834%3,909%6,073%1,847%1,796%376,742%3,849%3,909%6,040%1,892%1,843%386,714%3,865%3,908%6,009%1,936%1,888%396,686%3,879%3,907%5,978%1,978%1,931%406,659%3,893%3,906%5,948%2,018%1,972%416,634%3,906%3,905%5,920%2,057%2,012%426,609%3,919%3,903%5,892%2,095%2,051%436,585%3,932%3,902%5,866%2,131%2,088%446,562%3,944%3,900%5,840%2,165%2,123%456,540%3,955%3,898%5,815%2,199%2,157%466,519%3,966%3,896%5,791%2,231%2,190%476,498%3,977%3,894%5,768%2,262%2,222%486,478%3,987%3,892%5,746%2,292%2,252%496,459%3,997%3,890%5,724%2,320%2,282%506,440%4,006%3,888%5,703%2,348%2,310%516,422%4,016%3,885%5,683%2,374%2,338%526,405%4,024%3,883%5,664%2,400%2,364%536,389%4,033%3,881%5,645%2,425%2,389%546,372%4,041%3,879%5,627%2,449%2,414%556,357%4,049%3,877%5,610%2,472%2,438%566,342%4,057%3,875%5,593%2,494%2,461%576,327%4,065%3,873%5,577%2,516%2,483%586,313%4,072%3,872%5,561%2,537%2,504%596,300%4,079%3,870%5,546%2,557%2,525%606,286%4,086%3,868%5,531%2,577%2,545%616,274%4,092%3,866%5,516%2,596%2,565%626,261%4,099%3,864%5,502%2,614%2,584%636,249%4,105%3,863%5,489%2,632%2,602%646,238%4,111%3,861%5,476%2,649%2,620%656,226%4,117%3,859%5,463%2,666%2,637%666,215%4,123%3,858%5,451%2,682%2,654%676,205%4,128%3,856%5,439%2,698%2,670%686,194%4,133%3,855%5,427%2,713%2,686%696,184%4,139%3,853%5,416%2,728%2,701%706,175%4,144%3,852%5,405%2,743%2,716%716,165%4,149%3,850%5,395%2,757%2,730%726,156%4,154%3,849%5,384%2,770%2,744%736,147%4,158%3,848%5,374%2,784%2,758%746,138%4,163%3,847%5,364%2,797%2,771%756,130%4,167%3,845%5,355%2,809%2,784%766,121%4,172%3,844%5,346%2,822%2,797%776,113%4,176%3,843%5,337%2,834%2,809%786,105%4,180%3,842%5,328%2,845%2,821%796,098%4,184%3,841%5,319%2,857%2,833%

806,090%4,188%3,839%5,311%2,868%2,844%816,083%4,192%3,838%5,303%2,879%2,855%826,076%4,195%3,837%5,295%2,889%2,866%836,069%4,199%3,836%5,287%2,900%2,877%846,062%4,203%3,835%5,279%2,910%2,887%856,056%4,206%3,834%5,272%2,920%2,897%866,049%4,210%3,833%5,265%2,929%2,907%876,043%4,213%3,832%5,257%2,939%2,917%886,037%4,216%3,831%5,251%2,948%2,926%896,031%4,219%3,830%5,244%2,957%2,935%906,025%4,222%3,830%5,237%2,965%2,944%916,019%4,225%3,829%5,231%2,974%2,953%926,013%4,228%3,828%5,224%2,982%2,962%936,008%4,231%3,827%5,218%2,991%2,970%946,002%4,234%3,826%5,212%2,999%2,979%955,997%4,237%3,825%5,206%3,007%2,987%965,992%4,240%3,825%5,200%3,014%2,995%975,987%4,242%3,824%5,195%3,022%3,002%985,982%4,245%3,823%5,189%3,029%3,010%995,977%4,248%3,822%5,184%3,037%3,017%1005,972%4,250%3,822%5,178%3,044%3,025%1015,967%4,253%3,821%5,173%3,051%3,032%1025,963%4,255%3,820%5,168%3,057%3,039%1035,958%4,257%3,819%5,163%3,064%3,046%1045,954%4,260%3,819%5,158%3,071%3,052%1055,950%4,262%3,818%5,153%3,077%3,059%1065,945%4,264%3,818%5,148%3,083%3,066%1075,941%4,266%3,817%5,144%3,090%3,072%1085,937%4,269%3,816%5,139%3,096%3,078%1095,933%4,271%3,816%5,135%3,102%3,084%1105,929%4,273%3,815%5,130%3,108%3,090%1115,925%4,275%3,814%5,126%3,113%3,096%1125,921%4,277%3,814%5,122%3,119%3,102%1135,918%4,279%3,813%5,117%3,125%3,108%1145,914%4,281%3,813%5,113%3,130%3,113%1155,910%4,283%3,812%5,109%3,135%3,119%1165,907%4,284%3,812%5,105%3,141%3,124%1175,903%4,286%3,811%5,101%3,146%3,130%1185,900%4,288%3,811%5,098%3,151%3,135%1195,897%4,290%3,810%5,094%3,156%3,140%1205,893%4,292%3,810%5,090%3,161%3,145%1215,890%4,293%3,809%5,086%3,166%3,150%1225,887%4,295%3,809%5,083%3,171%3,155%1235,884%4,297%3,808%5,079%3,175%3,160% 1245,881%4,298%3,808%5,076%3,180%3,165%1255,877%4,300%3,807%5,072%3,185%3,169%1265,874%4,302%3,807%5,069%3,189%3,174%1275,872%4,303%3,806%5,066%3,193%3,178%1285,869%4,305%3,806%5,063%3,198%3,183%1295,866%4,306%3,805%5,059%3,202%3,187%1305,863%4,308%3,805%5,056%3,206%3,192%1315,860%4,309%3,805%5,053%3,210%3,196%1325,857%4,311%3,804%5,050%3,214%3,200%1335,855%4,312%3,804%5,047%3,218%3,204%1345,852%4,313%3,803%5,044%3,222%3,208%1355,849%4,315%3,803%5,041%3,226%3,212%1365,847%4,316%3,803%5,038%3,230%3,216%1375,844%4,317%3,802%5,035%3,234%3,220%1385,842%4,319%3,802%5,033%3,238%3,224%1395,839%4,320%3,801%5,030%3,241%3,228%1405,837%4,321%3,801%5,027%3,245%3,231%1415,835%4,323%3,801%5,024%3,249%3,235%1425,832%4,324%3,800%5,022%3,252%3,239%1435,830%4,325%3,800%5,019%3,256%3,242%1445,828%4,326%3,800%5,017%3,259%3,246%1455,825%4,328%3,799%5,014%3,262%3,249%1465,823%4,329%3,799%5,012%3,266%3,253%1475,821%4,330%3,799%5,009%3,269%3,256%1485,819%4,331%3,798%5,007%3,272%3,259%1495,817%4,332%3,798%5,004%3,275%3,263%1505,814%4,333%3,798%5,002%3,279%3,266%Term to maturity (in years)Turkish liraUS dollarYen115,049%0,023%-0,151%214,368%0,028%-0,151%313,669%0,070%-0,152%413,128%0,155%-0,145%512,713%0,260%-0,137%612,431%0,376%-0,128%712,279%0,489%-0,113%812,241%0,594%-0,094%912,232%0,687%-0,073%1012,187%0,769%-0,049%1112,103%0,845%-0,024%1211,993%0,914%0,001%1311,864%0,970%0,028%

1411,721%1,016%0,057%1511,569%1,056%0,086%1611,411%1,089%0,115%1711,251%1,118%0,143%1811,089%1,143%0,167%1910,928%1,164%0,186%2010,769%1,180%0,198%2110,613%1,194%0,204%2210,461%1,205%0,207%2310,312%1,216%0,210%2410,169%1,227%0,214%2510,030%1,240%0,223%269,896%1,254%0,235%279,767%1,266%0,252%289,643%1,274%0,276%299,524%1,277%0,305%309,410%1,271%0,341%319,301%1,257%0,383%329,196%1,238%0,431%339,096%1,215%0,481%349,000%1,192%0,534%358,909%1,168%0,588%368,821%1,146%0,643%378,737%1,127%0,699%388,657%1,109%0,753%398,580%1,095%0,808%408,506%1,084%0,861%418,436%1,076%0,913%428,368%1,071%0,965%438,303%1,069%1,015%448,241%1,071%1,064%458,181%1,076%1,111%468,124%1,083%1,157%478,069%1,094%1,202%488,016%1,108%1,246%497,965%1,125%1,288%507,916%1,145%1,329%517,869%1,169%1,369%527,824%1,194%1,407%537,780%1,222%1,444%547,738%1,251%1,481%557,697%1,281%1,516%567,658%1,312%1,549%577,620%1,343%1,582% 587,583%1,374%1,614%597,548%1,406%1,645%607,514%1,437%1,675%617,480%1,468%1,704%627,448%1,499%1,732%637,417%1,530%1,760%647,387%1,560%1,786%657,358%1,590%1,812%667,330%1,619%1,837%677,302%1,648%1,862%687,275%1,676%1,885%697,250%1,704%1,908%707,224%1,731%1,931%717,200%1,758%1,953%727,176%1,784%1,974%737,153%1,809%1,995%747,131%1,834%2,015%757,109%1,859%2,034%767,087%1,883%2,053%777,067%1,906%2,072%787,046%1,929%2,090%797,027%1,951%2,108%807,008%1,973%2,125%816,989%1,994%2,142%826,971%2,015%2,158%836,953%2,036%2,174%846,935%2,056%2,190%856,918%2,075%2,205%866,902%2,094%2,220%876,885%2,113%2,235%886,870%2,131%2,249%896,854%2,149%2,263%906,839%2,167%2,277%916,824%2,184%2,290%926,810%2,201%2,303%936,796%2,217%2,316%946,782%2,233%2,328%956,768%2,249%2,341%966,755%2,264%2,353%976,742%2,280%2,364%986,729%2,294%2,376%996,717%2,309%2,387%1006,704%2,323%2,398%1016,692%2,337%2,409% 1026,681%2,351%2,420%1036,669%2,365%2,430%1046,658%2,378%2,440%1056,647%2,391%2,451%1066,636%2,403%2,460%1076,625%2,416%2,470%1086,615%2,428%2,480%1096,604%2,440%2,489%1106,594%2,452%2,498%1116,584%2,464%2,507%1126,575%2,475%2,516%1136,565%2,486%2,524%1146,556%2,497%2,533%1156,546%2,508%2,541%1166,537%2,519%2,550%1176,529%2,529%2,558%1186,520%2,539%2,566%1196,511%2,550%2,573%1206,503%2,560%2,581%1216,494%2,569%2,589%1226,486%2,579%2,596%1236,478%2,588%2,603%1246,470%2,598%2,611%1256,462%2,607%2,618%1266,455%2,616%2,625%1276,447%2,625%2,632%1286,440%2,634%2,638%1296,432%2,642%2,645%1306,425%2,651%2,652%1316,418%2,659%2,658%1326,411%2,667%2,664%1336,404%2,675%2,671%1346,397%2,683%2,677%1356,391%2,691%2,683%1366,384%2,699%2,689%1376,378%2,706%2,695%1386,371%2,714%2,701%1396,365%2,721%2,706%1406,359%2,729%2,712%1416,353%2,736%2,717%1426,347%2,743%2,723%1436,341%2,750%2,728%1446,335%2,757%2,734% 1456,329%2,764%2,739%1466,323%2,771%2,744%1476,318%2,777%2,749%1486,312%2,784%2,754%1496,307%2,790%2,759%1506,301%2,797%2,764%

Annex

ANNEX II Fundamental spreads for the calculation of the matching adjustment The fundamental spreads set out in this Annex are expressed in basis points and do not include any increase in accordance with Article 77c(1)(c) of Directive 2009/138/EC.

1. Exposures to central governments and central banks The fundamental spreads apply to exposures denominated in all currencies. The fundamental spreads for durations from 11 to 30 years are equal to the fundamental spreads for duration 10 years. Duration (in years)AustriaBelgiumBulgariaCroatiaCzech RepublicCyprusDenmark10031502412003850400301435145040246534605035054500614535652072556585308265851153093759512500103861513490Duration (in years)EstoniaFinlandFranceGermanyGreeceHungaryIreland100003814152000023742231000210424420001844255300016842664000166428750001634288601016722997020169130108030171430Duration (in years)ItalyLatviaLithuaniaLuxembourgMaltaNetherlandsPoland165501504214101102204319141502404422151602504 5241719026046251920028047272022028048282123129049302224230041031232523004Duration (in years)PortugalRomaniaSlovakiaSloveniaSpainSwedenUnited Kingdom124912185002401615211100345191725150044620192916005502120331900652222136200075324233722008532524392300950272439240010492425392500Duration (in years)LiechtensteinNorwaySwitzerlandAustraliaBrazilCanadaChile10000120172000012019300001201840000120175000012016600001201570000120148000012015900001201610000012013Duration (in years)ChinaColombiaHong KongIndiaJapanMalaysiaMexico1011010009201801000932280100010433601000105337010001063410100010 744201000108840010001095380100010105400101010Duration (in years)New ZealandRussiaSingaporeSouth AfricaSouth KoreaThailandTaiwan10006914200081204300091204400091404501091504605010150470701216048011013160490170141604100170151604Duration (in years)United States102030405060708090100
2. Exposures to financial institutions 2.1 Euro Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 616204411723054211832620441172305429523822451102265387764925481122255376435102753116225537541 6112956120225537537712325812322553753781232581222255375379133358121225537537101334581212255375371114365912122553753712143659121225537537131537591212255375371415375912122553753715153759121225537537161537591212255375371715375912122553753718153759121225537537191537591212255375372016375912122553753721163759121225537537221737591212255375372317375912122553753724183759121225537537251837591212255375372620375912122553753727213759121225537537282137591212255375372922375912122553753730223759121225537537 2.2 Czech koruna Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61142751124237549120121629531262395519693173255120236548792418345712223554765751936621252345465536203865129233545545720396613123354554581939651292325445449194065128232544544 101940641272315435431119416412723154354312194163126230542542131941631252295415411419416212522954154115184062125228540540161740611242285405401717406112422854054018174061124228540540191740611242285405402018406212422854054021184062125229540540221841621252295415412318416212522954154124194162125229541541252041621252295415412620416212522954154127214162125229541541282141621252295415412922416212522954154130224162125229541541

2.3 Danish krone Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 616204411723054211822620441172305429513722451102265387764924481122255376435102753115225537541611295612022553753771231581232255375378123258122225537537912335812122553753710133458121225537537111435581212255375371214365812122553753713143758121225537537 1415375812122553753715153758121225537537161537581212255375371715375812122553753718153758121225537537191537581212255375372016375812122553753721163758121225537537221737581212255375372317375812122553753724183758121225537537251837581212255375372620375812122553753727213758121225537537282137581212255375372922375812122553753730223758121225537537 2.4 Forint Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61799211618930261412002758911318529961096837994117182298610792478941171822956076585789512018329260460467795122186291603603776951221872896016018759512118428860060097495120183287599599107193117179283595595117091114177281593593126991113176280592592136891112175279591591146890112175278590590156890112174278590590166790111174278590590 17678911117327758958918668911017327758958919668810917227658858820658710917127558758721648710817127558758722638610717027458658623638510616927358558524628410616827258458425618310416727158358326608210316627058258227598110216526958158128578010116426858058029567910016326757957930557899162266578578 2.5 Krona Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 611024481202345451192212255012223554795931429521172335457834163255119232544648517346012323254454661837641282325445447193865130232544544819396512823254454491939641272315435431019406412723154354311194164127231542542122042641262305425421320426412623054254214204264126230542542152042641262305425421619426312623054254217204264126230542542182042641262305425421920426412623054254220204364127231543543 21214365127231543543222143651272315435432321436512823254354324214465128232544544252144651282325445442621446512823254454427214365128231543543282143651272315435432922436512723154354330224365127231543543 2.6 Kuna Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6148628615927258411892526690162276587959357729516027658878446177100165277589650563801061692785905906648210917327859059076584111175278590590864841101732775895899638410817127558758710628310717027458658611618310616927358558512608310516727158358313598210416627058258214588110216526958158115578010116426858058016567910016326757957917567810016226657857818557799162265577577195477981612655775772054769816026457657621537697160264576576225375971592635755752352749615826257457424517395158261573573

255073941572615735732649729315626057257227497192155259571571284870921542585705702947699115325756956930466990153257568568 2.7 Lev Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61619431162295411182261943116229541951372144109225537776482447112224536642592652115224536540610285612022453653671231571222245365368123157121224536536912325712022453653610123357120224536536111335581202245365361213355812022453653613143658120224536536141436581202245365361514365812022453653616143658120224536536171436581202245365361814365812022453653619143658120224536536201636581202245365362116365812022453653622173658120224536536231736581202245365362418365812022453653625183658120224536536262036581202245365362721365812022453653628213658120224536536 2922365812022453653630223658120224536536 2.8 Pound sterling Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6182454148248560119228245414824856096039265413424455678341029561242425546495123157113241553553614346110724055255271637621002395515518173860932385505509204563882375495491019446184236548548111843608523554754712184361862345465461318436186234546546141844618623354554515184461862325445441618446186231543543171844618623054254218184461862295415411918446186229541541201844618623054254221184461862305425422218446186229541541231844618622954154124184461862285405402519446186228540540262044618622753953927214461862275395392821446186226538538 29224461862265385383022446186225537537 2.9 Romanian leu Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6185991231963096211237284971211943076199973839812118630261481448298122186299611675581981241872966086086809812518929460660677998125190292604604877971221862896016019759512018328759959910749511918228659859811739511818028459659612729411617928359559513719311517728159359314699211317628059259215689011217427859059016678911117327758958917668811017227658858818658710917127558758719648610817127458658620638610717027458658621628510616927358558522618410516827258458423608310416727158358324598210316627058258225588110216526958158126578010116426857957927567810016326657857828557799162265577577 2954769816026457657630537597159263575575 2.10 Zloty Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61587195168281593119125770941672805929603577295160276587784457739716127458665055774100162272584584656741021662705825827567510216726958158185575100164267579579953749916226657857810537498161265577577115374971602645765761252749615926357557513527496158262574574145174951582625745741551739515726157357316507294156260572572174972931562605725721849719315525957157119487192155259571571204870921552585705702148709215425857057022477091154258570570234769911532575695692446699015325756956925466889152256568568264567891512555675672744678815125556756728436687150254566566

2943658714925356556530426586149252564564 2.11 Norwegian krone Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6131456914225556712002324670142255567968332477013525156379143348721362495616565335076139248560560633527914324755955973453801442465585588335379142246558558932537814124555755710325477140244556556113254771402445565561232547613924355555513325476138242554554143153751382415535531531537413724155355316305274136240552552172952731362405525521829517313523955155119295173135239551551202951731352395515512129517313523955155122295173135239551551232951731352395515512428517213523955155125285172135239551551262850721342385505502728507213423855055028275071134238550550 2927497113423754954930274971133237549549 2.12 Swiss franc Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 610325982115231179215269921252494932527922085207744373095207519641549359820751954065113910320751951975144010520751951986144010420751951997154010320751951910816401032075195191191942104208520520129184010320751951913101941104208520520141120411042085205201512184010220651851816131739101205517517171317391012055175171814173910220551751719141839102206518518201619401022065185182116194010320751951922172040103207519519231720401032075195192418224010320651851825182240102206518518262023401022065185182720234110220651851828212443102206518518 2921264410220651851830222645102206518518 2.13 Australian dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6146608415627058211932466084156270582961347628415026657778444763861512645766505486590153263575575648669315726257457474867941582615735738476792156260572572946679215525957157110466791154258570570114667901532575695691245679015225656856813456789152256567567144567881512555675671544668815025456656616436587150253565565174265861492535655651842648614825256456419426485148252564564204164851482525645642141638514825256456422416385147251563563234063841472515635632440628414625056256225396183145249561561263861821452495615612738608114424856056028375981143247559559 2936598014324755955930365879142246558558 2.14 Baht Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6117315512724155311952213559131244556963325406312824455678642944681322455576525314874137246558558630487614024455655673554811462485605608345479143247558558935558014324755955910375882144249561561113860831462505615611239618414625056256213406284147251562562144063841472515635631541638414725156356316406284147250562562174062841472505625621839628314625056256219396183146250561561203961831462505625622139618314624956156122396183145249561561233961821452495615612438608214524956056025386082144248560560263760811442485605602737598114324755955928365980143247558558

2936588014224655855830355879142245557557 2.15 Canadian dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6117305412724055211992183256128241553965320355812323955178842237611252385506545234066128238550550624426913323855055072544711362385505508254571134238550550925467113423855055010264771134238550550112748711342385505501227497213423855055013285072134238550550142850721342385505501528507213423855055016285071134238550550172850721342385505501828507113423855055019275071134238550550202850721342385505502128507113423855055022275071134238550550232749711332375495492426497013323754954925264870133236548548262648691322365485482725486913223654854828254769131235547547 2924476813123554754730244668130234546546 2.16 Chilean peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 615063871602735851192253669016327658896335771941592755877884597598163276587655561781041672765885886638110817227758958976483110174276588588863831091732765885889648410917227658858810648510917227658858811648610917227658858812648610917127558758713648610817027458658614638510717027358558515628510616927358558516628410516827258458417618310516727158358318608310416727158358319608210316627058258220598110316526958158121588110216526958158122578010116426858058023577910016326757957924567810016226657857825557799161265577577265476981602645765762753759715926357557528527496158262574574 2951739515826157357330507394157261573573 2.17 Colombian peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61819511919230561712232869912419630962199338810212519030661881648910412819230561768059210913519730761961969411213920330862062079511514120630862062089711614220630962162199811814320631062262210981191432063106226221198120143206310622622129812014220530962162113971201412043086206201496118140203306618618159511713920130561761716931161372003046166161792114136198302614614189111313519730161361319891121331963006126122088110132194298610610218710913019329760960922851071291922956076072383106127190294606606248210412618829260460425801031241872916036032679101123185289601601277799121183287599599287598119182286598598 297496118180284596596307295116179283595595 2.18 Hong Kong dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6111244812123454611972142751124237549963317325512023654878642036591232365486515223965128237549549624426913323855055072544711362385505508254571135238550550925467113423855055010264771134238550550112648711342385505501227497113423754954913264970133237549549142648701322365485481525486913223654754716244768131235547547172446681302345465461824466813023454654619234667130234546546202446681302345465462124466813023454654622244668130234546546232446681302345465462424466813023454654625234667130234546546262346671302345465462723466713023454554528234567129233545545

2923456712923354554530234566129233545545 2.19 Indian rupee Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61951091332053186301255296109133206319631101639711213520031662783349811413720231562769459911614220531462662661001181452093146266267101120146211313625625810012014621031362562591001201452083126246241099120144207311623623119811914320530962162112961181412033076196191395117139202305617617149311613720030461661615921141351983026146141689112133196300612612178811013219429861061018861091301932976096091985107129192295607607208410612819129460660621831051271892936056052282104126188292604604238110312518729160360324791021231862906026022578101122185289601601267799121183287599599277698120182286598598287597119181285597597 297496117180284596596307395116179283595595 2.20 Mexican peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6132633936343654986112692849712119430761910223871021251903066188354911071301943076196935931101361993086206206951131402043096216217961161422073096216218971171432073106226229981181432063106226221098119143206310622622119912014320631062262212991211432063106226221310012214420631062262214100123144207311623623151011241452083126236231610212414620931262462417103125147210313625625181041261482113146266261910512714921131562762720105128149212316628628211051281492123166286282210512814921231662862823105127148211315627627241041261482103146266262510312514620931362562526101124145208312624624271001221442073106226222899121143205309621621 29971201412043086206203096118140202306618618 2.21 New Taiwan dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6101236108222533119421123610822253396132143710221853078443153910321652865054174310521552754665184510921452652675204711121452552586204610921352552597204510821252452410820441072115235231192145107211523523129224510721152352313102345107211523523141123451072115235231512244510821252452416132445108212524524171324461082125245241814254610921352552519152547109213525525201626481102145265262116274911121552752722172849112216528528231828501122165285282418295011321752952925202951113217529529262029511142175295292721305111421853053028213052114218530530 2922305211421853053030223152115219530530 2.22 New Zealand dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61526690162275587119725366901632765889643546891156272584787454709315827158365255572981602705825826557410116526958158175574101166268580580855751001642675795799547510016326757957910547599161265577577115374981602645765761252749615926357557513517395157261573573144972931562605725721548709215525857057016466990153257569569174568891522565685681844678815125556756719446688150254566566204365871502545655652143658614925356556522426486148252564564234164851482525645642441638514725156356325406284146250562562263962831462505625622739618214524956156128386082144248560560

2937608114424856056030375981143247559559 2.23 Rand Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6111512915322633965112512117130154227340652101031191341572223386508274121137160225338650689512314016622933865065061241421692333386506507125144171236338650650812514517023433764964991241451702333376496491012414516923233664864811123145168231335647647121221441672293336456451312114316522733164364314119141163226329641641151171391612243276396391611513715922132563763717113135157219323635635181111331542173216336331910913115221531963163120107129151213317629629211051281492123166286282210312614721031462662623102124145208312624624241001221442063106226222598120142204308620620269611814020230661861827941171382013056176172893115136199303615615 29911131351973016136133089112133196300612612 2.24 Real Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61167181205277391702124321771902142874007121016318319722028540171383841852012252894027147145187204230293402714714618720523229640171371371872062332984007127128186206231295398710710918520523029339770970910184205229292396708708111832042282903947067061218120322528839270470413178201222285389701701141761982192823866986981517319521627938369569516169192213276380692692171661892102733776896891816318620727037468668619160183204267371683683201581802012643686806802115517719826136567767722151174195258362674674231481711922553596716712414516818925235666866825142165186249353665665261391621832463506626622713615918024334765965928134156177240344656656 2913115317523734165365330128151172235339650650 2.25 Renminbi-yuan Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6131456914125556612342324670142255567995333487113625256481243450741382515636735355278141250562567636548114524956156173655821472495615618355581144248560560934558014324755955910345579142246558558113456791412455575571234567814124555755713345678140244556556143356771402445565561533557714024355555516335577139243555555173355771392435555551833557713924355555519335577139243555555203355771402435555552133557714024355555522335577139243555555233355771392435555552433557613924355555525325576139243555555263254761382425545542732547613824255455428315475138242554554 2931537513724155355330315375137241553553 2.26 Ringgit Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6128426613925256412212304468140253565984333477013525156380343551741392515636665375480143252564564638568414825256456474059861502535655658406086149253565565940618614925356556510416286149253565565114264871502545655651243658715025456656613436587150254566566144365871502535655651543658714925356556516436586149253565565174365861492535655651843658714925356556519436587149253565565204365871502535655652143658715025456656622436587150253565565234365871492535655652442658614925356556525426486149252564564264264851482525645642741638514825156356328406384147251563563

2940628414625056256230396283146250562562 2.27 Russian rouble Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 611261391632363496611260212513816223534866010213125139162227343655837412514116422934265369651261431682313416536536125143170234339651651712614517123633865065081251451702343376496499124144169232336648648101241451692323366486481112414516823133564764712123145167230334646646131221441662293326446441412114316522733164364315119141163225329641641161171391612233276396391711413615822032463663618112134156218322634634191101321542163206326322010813015221431863063021105128149212316628628221031261472103146266262310112314520731162362324991211432053096216212597119141203307619619269511713820130561761727921151361993036156152890113134197301613613 29881111321952996116113086109130193297609609 2.28 Singapore dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6101337109222534119421153911122453696133184110622253478546224510922253465058255111322353554769275511922353553571130571212245365368113156120224536536911325611922353553510113356119223535535111233571192235355351212345611922353553513123456119222534534141234561182225345341512345611822253453416133455118222534534171334551182225345341814345511822253453419153455118222534534201634561192225345342116355611922353553522173557119223535535231835571202235355352418365712022453653625203657120224536536262036571202245365362721365812022453653628213658120224536536 2922365812022453653630223658120224536536 2.29 South Korean won Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6136497314625957112012365074146259571968336517413925556779143652751402535656555375479142252564564639578414825356556573756821472495615618406086149253565565939608414825256456410345579142246558558113052751382425545541227507213423855055013254869132236548548142446681302345465461522456612923354454416214365127231543543172042641262305425421819426312623054254219194163125229541541201941631252295415412119416312522954154122194163125229541541231941631252295415412419416312522954154125204162125229541541262041621252295415412721416212522954154128214162125229540540 2922406212422854054030224062124228540540 2.30 Turkish lira Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61202215239312425737148721982122363084217331190319420923229741372596541912072302954077197955187204230293402714714618420222929339770970971801992262913937057058176196222285389701701917219221728038469669610168189213276380692692111651862102723766886881216118320626837268468413158180202264368680680141541761982603646766761515017319425736167367316147169191253357669669171441661882503546666661814116318524735166366319138160182244348660660201351571792413456576572113215517623934365565522129152173236340652652231271491712333376496492412414716823133564664625122144165228332644644261191411632263296416412711713916022332763963928114137158221325637637

2911213415621832263463430110132154216320632632 2.31 US dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61926501052395511195292650105239551961310295210023754978441333559823754965051739601002385505506194364972395515517204564912395515518184463912395515519194565942395515511021486898239551551112250691012395515511224537110223955155113255571102239551551142555721022395515511526557210223955155116265572102239551551172655721022395515511826557210223955155119265572102239551551202655721022395515512126557210224055255222265572102240552552232655721022405525522426557210224055255225265572102239551551262655721022395515512726557210223955155128265572102239551551 2926557210223955155130265572102238550550 2.32 Yen Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 610315872005121191215138619951195932513781945067824361579192504647546198219150354465822861915035037592488190502502869238719050250297102386190502502108102486190502502119122487190502502129122487191503503131013248719150350314111326871915035031512152787191503503161316288819150350317131630881925045041814173188192504504191418328919350550520161933891935055052116193490194506506221720369019450650623172137911955075072418223891195507507251922399119550750726202340911955075072721234191195507507282125439119550750729222644911955075073022264591195507507 3. Other exposures 3.1 Euro Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 612152143162293302122152143162332224931152348157346169741162652155345131052183054155336103864203257155323842752334591553086968524356115529258596253764155275498106263866155259428116263967155249372126263968155249326136263968155249287146263968155249254156263968155249249166264068155249249176264368155249249186264568155249249197264768155249249207265068155249249217265268155249249227265468155249249238265768155249249248265968155249249259266168155249249269266368155249249279266668155249249281026687015524924929102670721552492493010267374155249249 3.2 Czech koruna Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61922285017029830722112430521723382293 31125335716735317344112536611643531341511273963163344106361229406516333186271331416616231571381231426816229959991231437116128251010123244721612654391112314473160255381121131447215925433313113043721592532931410304371158253260151029427115825225216929427015725225217929437015725225218929467015725225219929497015725225220102950711582522522110295371158252252221030567115825325323103058711582532532410306171158253253251030627115825325326103065711582532532710306771158253253281030707215825325329103072741582532533010307476158253253

3.3 Danish krone Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 612142143162293302122142143162332224831152348157345169641162651154345131052182953154336103864203257154323841 752334591543086968524356115429258496253664154275498106253866154259428116263967154249372126263967154249326136263967154249287146263967154249254156263967154249249166264067154249249176264367154249249186264567154249249197264767154249249207264967154249249217265267154249249227265467154249249238265767154249249248265867154249249259266167154249249269266367154249249279266668154249249281026687015424924929102670721542492493010267374154249249 3.4 Forint Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61748793115234331306727183901122313382290373869511922835317334718596121224353134257085971212223451065669869812222033286476987981232183177168688698124217312602967869812621631151310648496125213307442 1162829512321030538412618093122209304336136080931212083033031460799212120830230215607992121208302302165979911202073023021759789112020730130118587890119206301301195777901182053003002057768911820529929921567688117204299299225575881162032982982354748711520229729724537386114201296296255272851132002952952651718411219929429427507083111198293293284969821101972922922948688110919629129130476779108195290290 3.5 Krona Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 616182547166296304527202748168334226838213054164348171248233359162348132359253761162339104861128396416232685071230416616131170281230426816129459091231437016127850210123144721602614331112314473160254376121231447316025433013123144731602542911412314473160254258 1512314473160254254161131447215925425417113144721592542541811314672160254254191231487316025425420123250731602552552112325374161255255221332567416125525523133258741612552552413326074161256256251332627416125625626133265741612552552713326774161255255281332707416125525529133272741612552553013327476161255255 3.6 Kuna Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 614457638520430130402486067892083352268351657398207349171445368781042073491325555718310720834010506577485110208327852758768611120731270585775871132063015929567587115205299505105575871152042984351154748611520229737812537285114201295331135171841121992942941450708211119829329315496981110197292292164868811091962912911747678010919629029018476679108195289289 19466679107194289289204665781071942882882145657710619328828822446477105192287287234463761051922862862443627510419128528525426274103190285285264161731021892842842740607310118828328328395972101188282282293958721001872812813038577499186280280

3.7 Lev Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 611142042161293301921142042161332224731142347156345169541152551154345130951172953154336103763203156154323841742233581543086958523346115429158495243663154275497105253766154259428116253866154248372126253867154248325136253867154248286146253867154248254156253867154248248166254067154248248176254367154248248186254567154248248197254767154248248207254967154248248217255267154248248227255467154248248 238255767154248248248255867154248248258256167154248248269256367154248248279256668154248248281025687015424824829102570721542482483010257374154248248 3.8 Pound sterling Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6101122451802963047201122451803352269311124501753491713411326561723481324511628591713401049621833601693278507321366016831170385243760167295591983142591662785031010344257165261433119334257165259376128324157164258329137314257163258290147314257162257257157314357162256256168314357160255255178314357159254254188314557159253253198314757159253253208315057159254254218315257159254254228315459159253253238315761158253253248315962158252252259316264157252252269316366157251251 279316668156251251281031687015625025029103170721552502503010317374155249249 3.9 Romanian leu Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6181931001222413373169279929812023934723633779099123232362178447589100125228362137957389101125226353109367390101126224339886772901001252213237328708899126219313615968879912721731152410678699127215310451116685981262143083921264849612521230734313628295124211305305146181931222093043041560799212120830230216597891120207301301175877901192063003001857768911820529929919567588117204298298205575871162032982982154748611520229729722537385114201296296235272841132002952952451718311219929429425506982111198293293264968811101972912912748678010919629029028476679108195289289 2946657810719428828830456477106193287287 3.10 Zloty Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 615366729421331030452526571932133352269351647397206349171545064751002033491327549657610020134110536496677102200328855749677810319831370784866771041972975959476677105195290507104665781061942894371145657710619328838012446477105192287333134463761051922862931443637510419128628615426275103191285285164161741031902842841741617310218928428418406073101188283283194059721011882832832040597210118828228221395972101188282282223959711001872822822339587110018728128124385770991862812812537577098185280280263756699818527927927365568971842782782835557096183278278 29355472961832772773034537595182276276 3.11 Norwegian krone

Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6127394668187298306822740476918833722893264048731823521730425405075178352133852541537717834310616264354791773308607274455801763157118264456821752985989264556841742815091025455786174268438112544578617326838112244457851722673331323435685172266294142342558417126526515224255831702652651621415482170264264172141538216926426418214053821692632631921405382169263263202140538216926326321214053821692632632221405682169263263232040588116926326324204061811682632632520406281168263263262039658116826226227193967801672622622819397080167262262 29193872801672612613019387580167261261 3.12 Swiss franc Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6100324143293301120162514433122413118301393451691413113413734413075141436137336103662416391373238407251941137308695826224313729158492723461372754971048264813725942811492950138243371124930491362313251341033501372322861441136501372312531551238491362302301661240481352292291761442491352292291861445501352292291971547531352302302071649541362302302171751571362312312271754591362312312381957601362312312481958621362302302582061641362302302692163661362302302792266681362302302810226870135230230 29102470721352302303010247374135230230 3.13 Australian dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6142546183202298305024254618320233522723415463871963491715440546590193349132654055679119234110516405768931913288537415969941903137068405870961892965949395870981882835061039587199187282436113858719918628137912385770991862803321337566998185279292143656699718427927915365568971842782781635546796183277277173454679518227727718345366951822762761933536694181276276203353659418127627621335265941812752752232526594181275275233251649318027527524315164921792742742531506392179273273263050659117827327327294967901772722722829486990177271271 29284772891762702703027477488175270270 3.14 Baht Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6113253254173296305521629365817733622763193341651753501719421364671174350132952339517517634110546234051761743298557284656811773137088274556831762975959284759861772805071030496290178272437113150639217927337912315164931802743321332516493180274293143252649318027527515325265931802752751632516493180274274173251649318027427418315163921792742741931506392179273273203150639217927327321315063921792732732231506392179273273233050639117827327324304962911782722722529496290177272272262948659017727127127284867891762712712828477089176270270 29274772881752702703027467488175269269 3.15 Canadian dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6112253153173297306521326335517433722843142736601693511725414293964167351133351531426616734210576173345701673298587183647721673147098183648741672975969183749771672815081019385179167264437111939528016726238012193952801682623321320395281168262293142039528116826226215203952811682622621619395280167262262171939528016726226218193952801672622621919395280167262262201939528016726226221193953801672622622219395580167262262231938578016726126124183860791662612612518376279166260260261737657816526026027173667781652592592816366978165259259

29163672771642592593016357477164258258 3.16 Chilean peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61455864862063023047248616789209336227735064739720635117244526677102205352133755369811052053441062655728310820633286475774851102063187168567586112206302603957768811520530051510577689117205300444115776891182053003861256768911720429933813567588117204298298145574871162032972971554748611520229729716537386114201296296175372851142012952951852718411320029529519517184112199294294205170831121992932932150708211119829329322496981110197292292234868811091962912912447678010819529029025466679108195289289264665781071942882882745647710619328728728446376105192286286 2943627510419128528530426177103190285285 3.17 Colombian peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6177909611823733431322819410012224234623533819510412823736317884819610613123436513895841001111352363581105686103114139237346899788106117142238332746890108119145239333628991110122149239334536109111112315124033446311911111231522393344031290110123151238333353138910912115023733233214881071201492363303301586106119147234329329168510511714623332832817841031161452323263261882102115143230325325198110111314222932432420809911214122832232221789811113922632132122779610913822531931923759510813622331831824749310613522231631625729210413322031531526709010313121831331327698810113021731131128678799128215310310 2966859812721430830830648496125212307307 3.18 Hong Kong dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61619254716629730592922285016933622783112433571663501719412273763166349132851430426616734110536163345691673288547183647721673137068183748741672965949193849771672795051019385179167263435111939518016726237812193851801672613311318385179166261291141837507916626026015173649781652592591616364877164259259171635487716425825818153548761632582581915354876163258258201535507616425825821163553771642582582216355677164258258231535577716425825824153560761632582582515356276163258258261535657616325825827153467761632572572815346976163257257 29143472761632572573014347475162257257 3.19 Indian rupee Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 619010311013225134732182911041101322523542411391104113137246371182949110511614124437214195911071191432443641128692109121145243352917794111122147243337760893112123149243337639993112124151242336545109211112415224033546911901101231512393334081289108121150237331357138710611914823532932914851051171462333283281583103116144231326326168110111414222932432417809911214122832232218789811113922632132119779610913822531931920769510813722431831821759410713622331731722749310613522231631623729210513322031531524719110313221931431425708910213121831331326698810113021731131127688710012921631031028668699127215309309

2965859812621330830830648497125212307307 3.20 Mexican peso Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6132133434036248257832562799298120240356242738195103128237371183548398108134236371141958510111313723836311266871041161402383499137891071181432393337568901091201462393346369911101221492403345421091110123151239334466119111112315223933440512911111241522393343551392111124153240334334149211212415324033533515931121251542413353351694113126155242336336179511412715624333733718961151281572443383381997116129158245339339209711712915824534034021971171301582453403402297116129158245340340239611612915724433933924951151281562433383382594114127155242337337269311312515424133633627921111241532403343342890110123151239333333 29891091211502373323323088107120149236330330 3.21 New Taiwan dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6106133515429630532061335154335227331615391483491715417174214534813255181943144340104962921461443278517211224714331170382112349142294590921124511412785031041226531412614321141229531412453761241231531402353291341233541412352901441236541412352571551239541412362361661340541412362361761443551422362361861446551422372371971548561432372372071650571442382382171753571442392392281754591452402402381957621462402402482060631462412412592062651472412412692265671472412412792267691472422422810236971147242242 29102472731482422423010247474148242242 3.22 New Zealand dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61476067882083043061248616789209336227934761709420335017214476172972003501330547637498199341105564865761011993288557486677102197313708848667710419729759594766781061962915071046667910719528943611456578106193288379124463761051922873321342627510419128529214416173102189284284154059721011882822821638587199186281281173757709818528028018365669971842792791935556896183278278203554679618327727721345467951822772772234536695182276276233353659418127627624325265931802752752532516493180274274263151659217927427427305067911782732732830496991178272272 29294972901772722723028487489176271271 3.23 Rand Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61111124130152271368320721121251311532723692395311312713515926936818164114128139164267369140951151311431672673621121611713314517026836291371181361471722673627588118136147174267361640911713614817626636154710117136149177265360472111161361481772643594111211513414717626335736113113132145174261355355141111301431722593533531510912814117025735135116106126139167254349349171041241371652523473471810212213516325034534519100120133161248343343209911813116024734134121971161291582453403402295115127156243338338239311312615424133633624911111241522393343342590109122151238332332268810712014923633033027861061181472343293292884104117145232327327

29831021151442313253253081101113142229324324 3.24 Real Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61163175182204323419318521721851912133334292411317619019822333242918384178193203228331426142851791952062303314261136618019620823333042592471801982092343294247658179197208235328422644917819720923632742155010177196209237325420474111751952082363244184181217319320523432141641613170190203231318413413141671872002283154104101516418419722531240740716161181194222309404404171581781912193064014011815517518821630339839819152172185213300395395201491691822102973923922114616617920729438938922143163176204291386386231401601722012883833832413715716919828538038025134154166195282377377261311511631922793743742712814816018927637137128125145158186273368368 2912314215518427136536530120139152181268362362 3.25 Renminbi-yuan Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6127394668187306316222740476918834723583274149741833611781427415277180361137752743557918035210916284556811793398857294757821783237328284658841773066159274658861762895241027465987175272451112746598817526939212264658871742693431325455887174268302142545578617326826815254457861732672671625445786173267267172544578617326726718254457861732672671925445786173267267202544578617326726721254457861732672672225445786173267267232544608617326726724244462851722672672524446585172267267262443668517226626627234369841712662662823437284171266266 29234274841712652653022427783170265265 3.26 Ringgit Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6124364365184303312422538456718634323303264048731823571760427425278181357136152945578118134910796314859841823368757335161861823207248335163891823046099335264921822875191034546694183277447113554679618327738912355567961832783411335546796183278300143554679618327727715355467961832772771634546795182277277173454679518227727718345467951822772771934546795183277277203554679618327727721355467961832772772235546796183277277233554679618327727724345467951822772772534536695182276276263353669418127627627335269941812752752832527193180275275 29325174931802742743031517792179274274 3.27 Russian rouble Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61121134140162282378323121201331391612803772425311813214016527437218394118132143168271373142551181331451692703651132611813414617126936391971181361471722683627618118136147174267361640911713614817526636054510117136149177265360469111161361481772643594081211513514717626335835813114133146175262356356141131321451742613553551511013014317125935335316108128141169256351351171061251381672543483481810412313616525234634619102121134163250344344209911913216024834234221971171291582453403402295115127156243338338239311212515424133533524911101231522393333332588108121149236331331268610611914723432932927841041161452323273272882102114143230325325

2980100112141228323323307898111139226321321 3.28 Singapore dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 61071436155296305320916371573352274311119441533491716411323491513491327511627511523411052621930551533288537421325715331370684223460153296593942335631532795051042436651532634351142437651522473781242436651522473311342336651522462911442336651522462581552339641522462461662340641512462461762343641512462461862346641512462461972348641512462462072350651522462462172453651522472472282454661532472472382457661532472472482560661532482482592562661532482482692564671532482482792567691532482482810256971154248248 29102572731542482483010257474154248248 3.29 South Korean won Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 6131445072191298307223144517219233822913304452761863521730429435479182352133752944568018134310606314859841823308597294758831793147108335163891822985979325163911812815081027475987176270437112342558417126637912203952811682623321317375078165260292141535487616325825815143346751622562561612324573160255255171231447316025425418113046721592542541911304872159253253201130507215925325321113053721592532532211305572159253253231030577115925325324103060711582532532510306271158253253261030647115825325327103067711582532532810296971158252252 29102972721582522523010297474158252252 3.30 Turkish lira Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 611972102162383574543852219320621323535445028603188202210235344440214541841982082343374321646517919520723133242612976176193204229327421104671731912022273224178628169187199225318413722916518419622431440861310161181193222310404527111571771902183064004561215317318621430139639813149169182210297392392141461651782072943883881514216217420329038538516139158171200287381381171351551681962833783781813215216519328037537519129149162191278372372201271461591882753693692112414415618527236736722121141154182269364364231191381511802673613612411613514817726435835825113133146174261356356261111301431722593533532710812814116925635135128106126138167254349349 2910412313616525234634630102121134163250344344 3.31 US dollar Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 610152652171296305420152652171335227431172856168349171641203262167349132653233667168340105165273969168328853783142711693127068103446741692965939123750761692795051013395177169263435111340537816926337812144254801692633311315435580169263292141644558116926326315164455811692632631616445581168263263171644558116826326318164455811682632631916445581169263263201644558116926326321164455811692642642216445581169264264231644578116926426424164460811692642642516446281169263263261644658116926326327164467811692632632816446981168263263

29164472811682622623016447481168262262 3.32 Yen Duration (in years)Credit quality step 0Credit quality step 1Credit quality step 2Credit quality step 3Credit quality step 4Credit quality step 5Credit quality step 610031413329630452016141323342267311916125348171041311191213471321514142212133910466241625120325848726192712031070082622301202935889272431120277501104826341202604311149293612024437412493138120229327134103341120215288144113643120215255155123844121215227166124047121215215176144349121216216186144551122216216197154753122217217207165054123217217217175257123218218227175459124218218238195760126219219248195962128219219259206164129219219269216366131219219279226668131219219281022687013221921929102470721332192193010247374135219219

Annex

ANNEX III Volatility adjustment to the relevant risk-free interest rate term structure CurrencyNational insurance marketVolatility adjustment (in bps)EuroAustria7EuroBelgium7EuroCyprus7EuroEstonia7EuroFinland7EuroFrance7EuroGermany7EuroGreece7EuroIreland7EuroItaly7EuroLatvia7EuroLithuania7EuroLuxembourg7EuroMalta7EuroNetherlands7EuroPortugal7EuroSlovakia7EuroSlovenia7EuroSpain7Czech korunaCzech Republic10Danish kroneDenmark21ForintHungary2KronaSweden13KunaCroatia2LevBulgaria5Pound sterlingUnited Kingdom11 Romanian leuRomania1ZlotyPoland4KrónaIceland1Norwegian kroneNorway30Swiss francLiechtenstein9Swiss francSwitzerland9Australian dollarAustralia6Canadian dollarCanada22Renminbi-yuanChina47Hong Kong dollarHong Kong5US dollarUnited States27YenJapan9