Commission Implementing Regulation (EU) 2023/266 of 9 February 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 December 2022 until 30 March 2023 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) 2023/266 of 9 February 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 December 2022 until 30 March 2023 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 5 January 2023, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of December 2022 market data. That information was published on 5 January 2023 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 2022 until 30 March 2023.

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 interest 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 2022. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 9 February 2023. 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 kroneForintKronaKuna13,176%6,512%3,166%13,655%3,474%2,494%23,295%6,226%3,285%12,506%3,414%2,829%33,203%5,777%3,193%11,342%3,323%3,038%43,152%5,361%3,142%10,379%3,236%3,195%53,131%5,054%3,121%9,665%3,163%3,348%63,110%4,866%3,100%9,171%3,104%3,512%73,091%4,754%3,081%8,857%3,060%3,684%83,086%4,682%3,076%8,686%3,030%3,867%93,088%4,635%3,078%8,622%3,013%4,030%103,092%4,602%3,082%8,609%3,010%4,151%113,100%4,576%3,090%8,625%3,019%4,236%123,085%4,553%3,075%8,635%3,035%4,295%133,071%4,532%3,061%8,624%3,055%4,335%143,053%4,512%3,043%8,585%3,075%4,360%153,022%4,491%3,012%8,510%3,095%4,375%162,974%4,469%2,964%8,422%3,114%4,381%172,916%4,446%2,906%8,328%3,131%4,382%182,859%4,423%2,849%8,231%3,147%4,377%192,807%4,399%2,797%8,133%3,162%4,368%202,765%4,376%2,755%8,035%3,176%4,357%212,735%4,352%2,725%7,937%3,189%4,344%222,715%4,330%2,705%7,840%3,200%4,329%232,703%4,307%2,693%7,746%3,211%4,313%242,697%4,285%2,688%7,654%3,221%4,297%252,695%4,264%2,687%7,564%3,230%4,280%262,698%4,243%2,689%7,477%3,238%4,262%272,703%4,223%2,695%7,393%3,246%4,245%282,711%4,203%2,703%7,312%3,253%4,228%292,720%4,184%2,712%7,234%3,260%4,210%302,730%4,166%2,723%7,159%3,266%4,193%312,742%4,149%2,734%7,087%3,272%4,177%322,753%4,132%2,746%7,018%3,278%4,160%332,766%4,115%2,759%6,952%3,283%4,145% 342,778%4,100%2,772%6,888%3,288%4,129%352,791%4,084%2,784%6,827%3,293%4,114%362,804%4,070%2,797%6,768%3,297%4,099%372,816%4,055%2,810%6,712%3,301%4,085%382,829%4,042%2,823%6,659%3,305%4,071%392,841%4,029%2,835%6,607%3,309%4,058%402,853%4,016%2,848%6,557%3,312%4,045%412,865%4,004%2,860%6,510%3,316%4,032%422,877%3,992%2,871%6,464%3,319%4,020%432,888%3,981%2,883%6,421%3,322%4,008%442,899%3,970%2,894%6,378%3,325%3,997%452,910%3,959%2,905%6,338%3,328%3,986%462,920%3,949%2,915%6,299%3,330%3,975%472,931%3,939%2,925%6,262%3,333%3,965%482,940%3,930%2,935%6,226%3,335%3,955%492,950%3,921%2,945%6,191%3,338%3,945%502,959%3,912%2,954%6,158%3,340%3,936%512,968%3,903%2,963%6,126%3,342%3,927%522,977%3,895%2,972%6,095%3,344%3,918%532,985%3,887%2,981%6,065%3,346%3,910%542,993%3,879%2,989%6,037%3,348%3,902%553,001%3,872%2,997%6,009%3,350%3,894%563,009%3,864%3,005%5,982%3,352%3,886%573,016%3,857%3,012%5,956%3,353%3,879%583,024%3,850%3,020%5,931%3,355%3,872%593,031%3,844%3,027%5,907%3,357%3,865%603,037%3,837%3,033%5,884%3,358%3,858%613,044%3,831%3,040%5,861%3,360%3,851%623,050%3,825%3,047%5,839%3,361%3,845%633,057%3,819%3,053%5,818%3,363%3,839%643,063%3,814%3,059%5,797%3,364%3,833%653,069%3,808%3,065%5,777%3,365%3,827%663,074%3,803%3,071%5,758%3,367%3,821%673,080%3,798%3,076%5,739%3,368%3,816%683,085%3,793%3,082%5,721%3,369%3,811%693,090%3,788%3,087%5,703%3,370%3,805%703,095%3,783%3,092%5,686%3,371%3,800%

713,100%3,778%3,097%5,669%3,372%3,795%723,105%3,774%3,102%5,653%3,373%3,791%733,110%3,769%3,107%5,637%3,375%3,786%743,114%3,765%3,111%5,621%3,376%3,782%753,119%3,761%3,116%5,606%3,377%3,777%763,123%3,757%3,120%5,592%3,377%3,773%773,127%3,753%3,124%5,578%3,378%3,769%783,132%3,749%3,128%5,564%3,379%3,765%793,136%3,745%3,133%5,550%3,380%3,761%803,139%3,742%3,136%5,537%3,381%3,757%813,143%3,738%3,140%5,524%3,382%3,753%823,147%3,735%3,144%5,512%3,383%3,749%833,151%3,731%3,148%5,499%3,384%3,746%843,154%3,728%3,151%5,487%3,384%3,742%853,158%3,725%3,155%5,476%3,385%3,739%863,161%3,721%3,158%5,464%3,386%3,735%873,164%3,718%3,162%5,453%3,387%3,732%883,168%3,715%3,165%5,442%3,387%3,729%893,171%3,712%3,168%5,432%3,388%3,726%903,174%3,709%3,171%5,421%3,389%3,723%913,177%3,706%3,174%5,411%3,389%3,720%923,180%3,704%3,177%5,401%3,390%3,717%933,183%3,701%3,180%5,391%3,391%3,714%943,186%3,698%3,183%5,382%3,391%3,711%953,188%3,696%3,186%5,373%3,392%3,708%963,191%3,693%3,189%5,363%3,393%3,706%973,194%3,691%3,191%5,355%3,393%3,703%983,196%3,688%3,194%5,346%3,394%3,700%993,199%3,686%3,197%5,337%3,394%3,698%1003,201%3,683%3,199%5,329%3,395%3,695%1013,204%3,681%3,202%5,321%3,395%3,693%1023,206%3,679%3,204%5,312%3,396%3,691%1033,209%3,677%3,206%5,305%3,396%3,688%1043,211%3,674%3,209%5,297%3,397%3,686%1053,213%3,672%3,211%5,289%3,398%3,684%1063,215%3,670%3,213%5,282%3,398%3,682%1073,218%3,668%3,215%5,274%3,398%3,679% 1083,220%3,666%3,218%5,267%3,399%3,677%1093,222%3,664%3,220%5,260%3,399%3,675%1103,224%3,662%3,222%5,253%3,400%3,673%1113,226%3,660%3,224%5,246%3,400%3,671%1123,228%3,658%3,226%5,240%3,401%3,669%1133,230%3,657%3,228%5,233%3,401%3,667%1143,232%3,655%3,230%5,227%3,402%3,665%1153,234%3,653%3,232%5,220%3,402%3,663%1163,236%3,651%3,234%5,214%3,402%3,662%1173,237%3,649%3,235%5,208%3,403%3,660%1183,239%3,648%3,237%5,202%3,403%3,658%1193,241%3,646%3,239%5,196%3,404%3,656%1203,243%3,644%3,241%5,190%3,404%3,655%1213,245%3,643%3,243%5,184%3,404%3,653%1223,246%3,641%3,244%5,179%3,405%3,651%1233,248%3,640%3,246%5,173%3,405%3,650%1243,249%3,638%3,248%5,168%3,406%3,648%1253,251%3,637%3,249%5,163%3,406%3,646%1263,253%3,635%3,251%5,157%3,406%3,645%1273,254%3,634%3,252%5,152%3,407%3,643%1283,256%3,632%3,254%5,147%3,407%3,642%1293,257%3,631%3,255%5,142%3,407%3,640%1303,259%3,629%3,257%5,137%3,408%3,639%1313,260%3,628%3,258%5,132%3,408%3,637%1323,262%3,627%3,260%5,127%3,408%3,636%1333,263%3,625%3,261%5,123%3,409%3,635%1343,264%3,624%3,263%5,118%3,409%3,633%1353,266%3,623%3,264%5,113%3,409%3,632%1363,267%3,622%3,265%5,109%3,409%3,630%1373,268%3,620%3,267%5,104%3,410%3,629%1383,270%3,619%3,268%5,100%3,410%3,628%1393,271%3,618%3,269%5,096%3,410%3,627%1403,272%3,617%3,271%5,091%3,411%3,625%1413,274%3,615%3,272%5,087%3,411%3,624%1423,275%3,614%3,273%5,083%3,411%3,623%1433,276%3,613%3,274%5,079%3,411%3,622%1443,277%3,612%3,276%5,075%3,412%3,620% 1453,278%3,611%3,277%5,071%3,412%3,619%1463,280%3,610%3,278%5,067%3,412%3,618%1473,281%3,609%3,279%5,063%3,413%3,617%1483,282%3,608%3,280%5,059%3,413%3,616%1493,283%3,607%3,281%5,056%3,413%3,615%1503,284%3,606%3,283%5,052%3,413%3,614%Term to maturity (in years)LevPound sterlingRomanian leuZlotyKrónaNorwegian krone13,126%4,460%6,975%6,401%6,849%3,456%23,245%4,470%7,091%6,602%6,785%3,384%33,153%4,326%7,246%6,719%6,685%3,281%43,103%4,177%7,437%6,751%6,580%3,195%53,081%4,062%7,638%6,744%6,479%3,146%63,060%3,952%7,835%6,722%6,381%3,134%73,041%3,859%8,024%6,693%6,286%3,142%83,036%3,795%8,225%6,669%6,193%3,158%93,038%3,748%8,413%6,658%6,102%3,178%103,042%3,710%8,556%6,648%6,012%3,196%113,050%3,683%8,635%6,621%5,925%3,212%123,035%3,663%8,660%6,576%5,841%3,226%133,021%3,647%8,644%6,519%5,759%3,238%143,003%3,633%8,598%6,454%5,681%3,248%152,972%3,619%8,529%6,385%5,606%3,257%162,924%3,604%8,443%6,311%5,534%3,266%172,867%3,589%8,345%6,237%5,465%3,273%182,809%3,572%8,238%6,161%5,399%3,280%192,758%3,554%8,126%6,086%5,336%3,286%202,716%3,535%8,010%6,012%5,275%3,292%212,687%3,514%7,892%5,939%5,218%3,297%222,668%3,493%7,774%5,868%5,162%3,302%232,657%3,471%7,657%5,799%5,110%3,307%242,652%3,451%7,541%5,731%5,059%3,311%252,652%3,431%7,428%5,666%5,011%3,315%262,655%3,412%7,317%5,604%4,966%3,319%272,662%3,395%7,210%5,543%4,922%3,322%282,670%3,380%7,105%5,485%4,880%3,326%

292,681%3,366%7,004%5,429%4,840%3,329%302,692%3,355%6,907%5,375%4,802%3,332%312,704%3,345%6,813%5,323%4,765%3,335%322,717%3,337%6,723%5,274%4,730%3,338%332,731%3,331%6,637%5,226%4,697%3,340%342,744%3,326%6,554%5,181%4,665%3,343%352,758%3,321%6,474%5,137%4,634%3,345%362,771%3,318%6,397%5,095%4,605%3,347%372,785%3,316%6,324%5,055%4,577%3,350%382,798%3,314%6,253%5,016%4,550%3,352%392,811%3,313%6,186%4,979%4,524%3,354%402,824%3,312%6,121%4,944%4,499%3,356%412,836%3,311%6,059%4,910%4,475%3,358%422,849%3,311%5,999%4,877%4,453%3,359%432,861%3,312%5,942%4,845%4,431%3,361%442,872%3,312%5,887%4,815%4,410%3,363%452,884%3,313%5,834%4,786%4,389%3,365%462,895%3,314%5,784%4,758%4,370%3,366%472,905%3,315%5,735%4,731%4,351%3,368%482,916%3,316%5,688%4,705%4,333%3,369%492,926%3,317%5,643%4,680%4,316%3,370%502,935%3,318%5,599%4,656%4,299%3,372%512,945%3,320%5,558%4,633%4,283%3,373%522,954%3,321%5,517%4,611%4,267%3,374%532,963%3,323%5,479%4,589%4,252%3,376%542,971%3,324%5,441%4,569%4,238%3,377%552,980%3,326%5,405%4,548%4,224%3,378%562,988%3,327%5,370%4,529%4,210%3,379%572,996%3,329%5,336%4,510%4,197%3,380%583,003%3,330%5,304%4,492%4,184%3,381%593,010%3,332%5,272%4,475%4,172%3,382%603,018%3,333%5,242%4,458%4,160%3,383%613,024%3,335%5,212%4,441%4,149%3,384%623,031%3,336%5,184%4,425%4,137%3,385%633,038%3,338%5,156%4,410%4,127%3,386%643,044%3,339%5,130%4,395%4,116%3,387%653,050%3,341%5,104%4,380%4,106%3,388% 663,056%3,342%5,078%4,366%4,096%3,389%673,062%3,343%5,054%4,353%4,086%3,390%683,068%3,345%5,030%4,339%4,077%3,391%693,073%3,346%5,007%4,326%4,068%3,391%703,078%3,347%4,985%4,314%4,059%3,392%713,084%3,349%4,963%4,302%4,051%3,393%723,089%3,350%4,942%4,290%4,042%3,394%733,094%3,351%4,921%4,278%4,034%3,394%743,098%3,353%4,901%4,267%4,026%3,395%753,103%3,354%4,882%4,256%4,019%3,396%763,108%3,355%4,863%4,246%4,011%3,397%773,112%3,356%4,845%4,235%4,004%3,397%783,116%3,357%4,827%4,225%3,997%3,398%793,120%3,358%4,809%4,215%3,990%3,398%803,125%3,359%4,792%4,206%3,983%3,399%813,129%3,361%4,775%4,196%3,977%3,400%823,132%3,362%4,759%4,187%3,970%3,400%833,136%3,363%4,743%4,178%3,964%3,401%843,140%3,364%4,728%4,170%3,958%3,401%853,144%3,365%4,713%4,161%3,952%3,402%863,147%3,366%4,698%4,153%3,946%3,402%873,151%3,366%4,683%4,145%3,940%3,403%883,154%3,367%4,669%4,137%3,935%3,404%893,157%3,368%4,655%4,129%3,929%3,404%903,161%3,369%4,642%4,122%3,924%3,405%913,164%3,370%4,629%4,114%3,919%3,405%923,167%3,371%4,616%4,107%3,914%3,405%933,170%3,372%4,603%4,100%3,909%3,406%943,173%3,373%4,591%4,093%3,904%3,406%953,176%3,373%4,579%4,086%3,899%3,407%963,179%3,374%4,567%4,080%3,894%3,407%973,181%3,375%4,556%4,073%3,890%3,408%983,184%3,376%4,544%4,067%3,885%3,408%993,187%3,376%4,533%4,060%3,881%3,409%1003,189%3,377%4,522%4,054%3,876%3,409%1013,192%3,378%4,512%4,048%3,872%3,409%1023,195%3,379%4,501%4,042%3,868%3,410% 1033,197%3,379%4,491%4,037%3,864%3,410%1043,199%3,380%4,481%4,031%3,860%3,411%1053,202%3,381%4,471%4,025%3,856%3,411%1063,204%3,381%4,461%4,020%3,852%3,411%1073,206%3,382%4,452%4,015%3,849%3,412%1083,209%3,383%4,442%4,009%3,845%3,412%1093,211%3,383%4,433%4,004%3,841%3,412%1103,213%3,384%4,424%3,999%3,838%3,413%1113,215%3,384%4,415%3,994%3,834%3,413%1123,217%3,385%4,407%3,989%3,831%3,413%1133,219%3,386%4,398%3,985%3,827%3,414%1143,221%3,386%4,390%3,980%3,824%3,414%1153,223%3,387%4,382%3,975%3,821%3,414%1163,225%3,387%4,374%3,971%3,818%3,415%1173,227%3,388%4,366%3,966%3,814%3,415%1183,229%3,388%4,358%3,962%3,811%3,415%1193,231%3,389%4,350%3,958%3,808%3,415%1203,233%3,389%4,343%3,953%3,805%3,416%1213,235%3,390%4,335%3,949%3,802%3,416%1223,236%3,390%4,328%3,945%3,799%3,416%1233,238%3,391%4,321%3,941%3,797%3,417%1243,240%3,391%4,314%3,937%3,794%3,417%1253,242%3,392%4,307%3,933%3,791%3,417%1263,243%3,392%4,300%3,929%3,788%3,417%1273,245%3,393%4,293%3,926%3,786%3,418%1283,246%3,393%4,287%3,922%3,783%3,418%1293,248%3,393%4,280%3,918%3,780%3,418%1303,250%3,394%4,274%3,915%3,778%3,418%1313,251%3,394%4,267%3,911%3,775%3,419%1323,253%3,395%4,261%3,907%3,773%3,419%1333,254%3,395%4,255%3,904%3,770%3,419%1343,256%3,396%4,249%3,901%3,768%3,419%1353,257%3,396%4,243%3,897%3,766%3,419%1363,258%3,396%4,237%3,894%3,763%3,420%1373,260%3,397%4,232%3,891%3,761%3,420%1383,261%3,397%4,226%3,888%3,759%3,420%1393,263%3,398%4,220%3,884%3,757%3,420%

1403,264%3,398%4,215%3,881%3,754%3,421%1413,265%3,398%4,209%3,878%3,752%3,421%1423,266%3,399%4,204%3,875%3,750%3,421%1433,268%3,399%4,199%3,872%3,748%3,421%1443,269%3,399%4,193%3,869%3,746%3,421%1453,270%3,400%4,188%3,866%3,744%3,422%1463,271%3,400%4,183%3,864%3,742%3,422%1473,273%3,400%4,178%3,861%3,740%3,422%1483,274%3,401%4,173%3,858%3,738%3,422%1493,275%3,401%4,168%3,855%3,736%3,422%1503,276%3,401%4,164%3,852%3,734%3,423%Term to maturity (in years)Swiss francAustralian dollarBahtCanadian dollarChilean pesoColombian peso11,055%3,984%1,185%4,610%8,944%11,268%21,154%4,138%1,454%4,314%7,171%11,852%31,226%4,096%1,632%3,917%6,257%12,229%41,286%4,097%1,766%3,661%5,804%12,491%51,336%4,166%1,889%3,520%5,552%12,656%61,378%4,262%2,019%3,467%5,400%12,759%71,413%4,338%2,161%3,463%5,301%12,824%81,444%4,406%2,313%3,482%5,233%12,867%91,468%4,464%2,466%3,508%5,185%12,893%101,489%4,506%2,616%3,530%5,151%12,887%111,505%4,543%2,759%3,543%5,122%12,832%121,516%4,571%2,891%3,548%5,097%12,736%131,523%4,588%3,011%3,547%5,073%12,610%141,523%4,595%3,116%3,543%5,052%12,460%151,524%4,595%3,206%3,537%5,032%12,293%161,529%4,586%3,280%3,529%5,014%12,114%171,539%4,570%3,340%3,519%4,996%11,926%181,551%4,543%3,389%3,509%4,980%11,733%191,566%4,506%3,429%3,499%4,965%11,538%201,583%4,457%3,462%3,489%4,951%11,342%211,600%4,397%3,489%3,479%4,938%11,147%221,618%4,329%3,511%3,469%4,925%10,955%231,636%4,257%3,529%3,459%4,913%10,767% 241,655%4,183%3,544%3,450%4,901%10,583%251,673%4,110%3,556%3,442%4,890%10,404%261,691%4,038%3,565%3,434%4,880%10,231%271,709%3,971%3,573%3,427%4,870%10,064%281,727%3,908%3,579%3,421%4,860%9,903%291,744%3,852%3,583%3,415%4,851%9,748%301,761%3,802%3,587%3,411%4,842%9,599%311,777%3,759%3,589%3,406%4,834%9,456%321,793%3,723%3,591%3,403%4,826%9,319%331,808%3,691%3,592%3,400%4,818%9,187%341,823%3,664%3,592%3,397%4,811%9,062%351,837%3,641%3,592%3,395%4,804%8,941%361,851%3,621%3,592%3,393%4,797%8,826%371,864%3,604%3,591%3,392%4,791%8,716%381,877%3,588%3,590%3,391%4,784%8,610%391,890%3,575%3,589%3,390%4,778%8,509%401,902%3,564%3,588%3,389%4,772%8,413%411,914%3,554%3,586%3,389%4,767%8,320%421,925%3,545%3,585%3,388%4,761%8,231%431,936%3,537%3,583%3,388%4,756%8,146%441,946%3,531%3,581%3,388%4,751%8,065%451,956%3,525%3,580%3,388%4,746%7,987%461,966%3,519%3,578%3,388%4,741%7,912%471,976%3,515%3,576%3,388%4,737%7,839%481,985%3,511%3,574%3,388%4,732%7,770%491,994%3,507%3,572%3,389%4,728%7,704%502,002%3,504%3,570%3,389%4,724%7,640%512,010%3,501%3,569%3,389%4,720%7,578%522,018%3,498%3,567%3,390%4,716%7,519%532,026%3,496%3,565%3,390%4,712%7,462%542,034%3,494%3,563%3,391%4,709%7,406%552,041%3,492%3,562%3,391%4,705%7,353%562,048%3,490%3,560%3,392%4,702%7,302%572,055%3,489%3,558%3,392%4,699%7,253%582,061%3,487%3,557%3,393%4,695%7,205%592,068%3,486%3,555%3,393%4,692%7,159%602,074%3,485%3,553%3,394%4,689%7,114% 612,080%3,484%3,552%3,395%4,686%7,071%622,086%3,483%3,550%3,395%4,683%7,029%632,091%3,482%3,549%3,396%4,681%6,988%642,097%3,481%3,547%3,396%4,678%6,949%652,102%3,480%3,546%3,397%4,675%6,911%662,107%3,480%3,545%3,398%4,673%6,874%672,112%3,479%3,543%3,398%4,670%6,838%682,117%3,478%3,542%3,399%4,668%6,804%692,122%3,478%3,541%3,399%4,666%6,770%702,126%3,477%3,540%3,400%4,663%6,737%712,131%3,477%3,538%3,400%4,661%6,706%722,135%3,476%3,537%3,401%4,659%6,675%732,140%3,476%3,536%3,402%4,657%6,645%742,144%3,475%3,535%3,402%4,655%6,615%752,148%3,475%3,534%3,403%4,653%6,587%762,152%3,474%3,533%3,403%4,651%6,559%772,156%3,474%3,532%3,404%4,649%6,532%782,159%3,474%3,531%3,404%4,647%6,506%792,163%3,473%3,530%3,405%4,645%6,480%802,167%3,473%3,529%3,405%4,643%6,455%812,170%3,473%3,528%3,406%4,642%6,431%822,173%3,472%3,527%3,406%4,640%6,407%832,177%3,472%3,526%3,407%4,638%6,384%842,180%3,472%3,525%3,407%4,637%6,361%852,183%3,471%3,524%3,408%4,635%6,339%862,186%3,471%3,523%3,408%4,633%6,318%872,189%3,471%3,522%3,408%4,632%6,297%882,192%3,471%3,522%3,409%4,630%6,276%892,195%3,470%3,521%3,409%4,629%6,256%902,198%3,470%3,520%3,410%4,628%6,236%912,201%3,470%3,519%3,410%4,626%6,217%922,203%3,470%3,518%3,411%4,625%6,198%932,206%3,470%3,518%3,411%4,623%6,180%942,209%3,469%3,517%3,411%4,622%6,162%952,211%3,469%3,516%3,412%4,621%6,144%962,214%3,469%3,516%3,412%4,620%6,127%972,216%3,469%3,515%3,413%4,618%6,110%

982,218%3,468%3,514%3,413%4,617%6,093%992,221%3,468%3,514%3,413%4,616%6,077%1002,223%3,468%3,513%3,414%4,615%6,061%1012,225%3,468%3,512%3,414%4,614%6,046%1022,227%3,468%3,512%3,414%4,613%6,030%1032,230%3,468%3,511%3,415%4,612%6,016%1042,232%3,467%3,511%3,415%4,610%6,001%1052,234%3,467%3,510%3,415%4,609%5,986%1062,236%3,467%3,509%3,416%4,608%5,972%1072,238%3,467%3,509%3,416%4,607%5,958%1082,240%3,467%3,508%3,416%4,606%5,945%1092,242%3,467%3,508%3,417%4,605%5,932%1102,244%3,466%3,507%3,417%4,604%5,918%1112,246%3,466%3,507%3,417%4,604%5,906%1122,247%3,466%3,506%3,417%4,603%5,893%1132,249%3,466%3,506%3,418%4,602%5,881%1142,251%3,466%3,505%3,418%4,601%5,868%1152,253%3,466%3,505%3,418%4,600%5,856%1162,254%3,466%3,504%3,419%4,599%5,845%1172,256%3,465%3,504%3,419%4,598%5,833%1182,258%3,465%3,503%3,419%4,597%5,822%1192,259%3,465%3,503%3,419%4,597%5,810%1202,261%3,465%3,503%3,420%4,596%5,799%1212,262%3,465%3,502%3,420%4,595%5,789%1222,264%3,465%3,502%3,420%4,594%5,778%1232,265%3,465%3,501%3,420%4,593%5,768%1242,267%3,465%3,501%3,421%4,593%5,757%1252,268%3,464%3,500%3,421%4,592%5,747%1262,270%3,464%3,500%3,421%4,591%5,737%1272,271%3,464%3,500%3,421%4,590%5,727%1282,273%3,464%3,499%3,421%4,590%5,718%1292,274%3,464%3,499%3,422%4,589%5,708%1302,275%3,464%3,498%3,422%4,588%5,699%1312,277%3,464%3,498%3,422%4,588%5,690%1322,278%3,464%3,498%3,422%4,587%5,681%1332,279%3,464%3,497%3,423%4,586%5,672%1342,281%3,463%3,497%3,423%4,586%5,663% 1352,282%3,463%3,497%3,423%4,585%5,654%1362,283%3,463%3,496%3,423%4,585%5,646%1372,284%3,463%3,496%3,423%4,584%5,637%1382,285%3,463%3,496%3,424%4,583%5,629%1392,287%3,463%3,495%3,424%4,583%5,621%1402,288%3,463%3,495%3,424%4,582%5,613%1412,289%3,463%3,495%3,424%4,582%5,605%1422,290%3,463%3,494%3,424%4,581%5,597%1432,291%3,463%3,494%3,424%4,580%5,589%1442,292%3,463%3,494%3,425%4,580%5,582%1452,293%3,462%3,493%3,425%4,579%5,574%1462,294%3,462%3,493%3,425%4,579%5,567%1472,296%3,462%3,493%3,425%4,578%5,560%1482,297%3,462%3,493%3,425%4,578%5,552%1492,298%3,462%3,492%3,425%4,577%5,545%1502,299%3,462%3,492%3,426%4,577%5,538%Term to maturity (in years)Hong Kong dollarIndian rupeeMexican pesoNew Taiwan dollarNew Zealand dollarRand14,854%6,813%11,265%0,896%5,488%7,756%24,505%7,015%10,052%0,971%5,340%7,834%34,207%7,128%9,256%1,030%5,082%7,982%44,026%7,212%8,955%1,080%4,894%8,159%53,964%7,257%8,872%1,122%4,787%8,418%63,915%7,291%8,853%1,156%4,752%8,701%73,867%7,322%8,853%1,183%4,735%9,025%83,827%7,349%8,851%1,206%4,728%9,288%93,799%7,374%8,837%1,223%4,729%9,486%103,784%7,401%8,802%1,236%4,738%9,639%113,783%7,410%8,744%1,265%4,751%9,759%123,789%7,404%8,668%1,306%4,767%9,849%133,800%7,385%8,580%1,355%4,783%9,911%143,811%7,359%8,484%1,409%4,798%9,945%153,820%7,327%8,382%1,465%4,811%9,951%163,826%7,290%8,278%1,522%4,820%9,929%173,829%7,251%8,172%1,579%4,826%9,886%183,829%7,211%8,066%1,635%4,828%9,826% 193,828%7,169%7,962%1,690%4,825%9,753%203,826%7,127%7,859%1,743%4,817%9,672%213,823%7,085%7,758%1,795%4,804%9,584%223,818%7,044%7,660%1,845%4,787%9,491%233,814%7,003%7,565%1,893%4,766%9,397%243,808%6,964%7,474%1,939%4,744%9,300%253,803%6,925%7,385%1,983%4,720%9,204%263,797%6,887%7,300%2,025%4,695%9,109%273,791%6,850%7,218%2,065%4,670%9,015%283,785%6,815%7,139%2,104%4,644%8,923%293,779%6,781%7,063%2,141%4,618%8,832%303,772%6,748%6,990%2,177%4,592%8,745%313,766%6,716%6,921%2,211%4,566%8,660%323,760%6,685%6,854%2,243%4,541%8,578%333,754%6,655%6,790%2,274%4,516%8,499%343,748%6,627%6,729%2,304%4,492%8,422%353,742%6,599%6,671%2,333%4,468%8,348%363,736%6,573%6,615%2,360%4,445%8,278%373,731%6,547%6,561%2,386%4,423%8,209%383,725%6,523%6,509%2,412%4,401%8,144%393,720%6,500%6,460%2,436%4,380%8,081%403,715%6,477%6,413%2,459%4,360%8,020%413,710%6,455%6,367%2,481%4,340%7,962%423,705%6,434%6,324%2,502%4,321%7,906%433,700%6,414%6,282%2,523%4,303%7,853%443,695%6,395%6,242%2,543%4,285%7,801%453,691%6,376%6,203%2,562%4,268%7,752%463,686%6,358%6,166%2,580%4,251%7,704%473,682%6,341%6,131%2,597%4,235%7,658%483,678%6,324%6,097%2,614%4,220%7,614%493,673%6,308%6,064%2,631%4,205%7,571%503,670%6,292%6,032%2,646%4,191%7,531%513,666%6,277%6,001%2,661%4,177%7,491%523,662%6,263%5,972%2,676%4,163%7,453%533,658%6,249%5,943%2,690%4,150%7,417%543,655%6,235%5,916%2,704%4,138%7,381%553,651%6,222%5,890%2,717%4,125%7,347%

563,648%6,210%5,864%2,730%4,114%7,314%573,645%6,197%5,839%2,742%4,102%7,283%583,642%6,186%5,815%2,754%4,091%7,252%593,639%6,174%5,792%2,766%4,080%7,222%603,636%6,163%5,770%2,777%4,070%7,193%613,633%6,152%5,748%2,788%4,060%7,166%623,630%6,142%5,728%2,798%4,050%7,139%633,627%6,132%5,707%2,808%4,041%7,113%643,625%6,122%5,688%2,818%4,032%7,087%653,622%6,113%5,669%2,828%4,023%7,063%663,619%6,103%5,650%2,837%4,014%7,039%673,617%6,094%5,632%2,846%4,006%7,016%683,615%6,086%5,615%2,855%3,998%6,994%693,612%6,077%5,598%2,864%3,990%6,972%703,610%6,069%5,581%2,872%3,982%6,951%713,608%6,061%5,565%2,880%3,975%6,930%723,606%6,053%5,550%2,888%3,967%6,910%733,604%6,046%5,535%2,895%3,960%6,891%743,602%6,038%5,520%2,903%3,953%6,872%753,600%6,031%5,506%2,910%3,947%6,853%763,598%6,024%5,492%2,917%3,940%6,836%773,596%6,017%5,478%2,924%3,934%6,818%783,594%6,011%5,465%2,931%3,928%6,801%793,592%6,004%5,452%2,937%3,922%6,785%803,590%5,998%5,439%2,944%3,916%6,768%813,589%5,992%5,427%2,950%3,910%6,753%823,587%5,986%5,415%2,956%3,904%6,737%833,585%5,980%5,404%2,962%3,899%6,722%843,584%5,974%5,392%2,968%3,894%6,708%853,582%5,969%5,381%2,973%3,888%6,693%863,581%5,963%5,370%2,979%3,883%6,679%873,579%5,958%5,360%2,984%3,878%6,666%883,578%5,953%5,349%2,989%3,873%6,653%893,576%5,948%5,339%2,995%3,869%6,639%903,575%5,943%5,329%3,000%3,864%6,627%913,574%5,938%5,319%3,005%3,859%6,614%923,572%5,933%5,310%3,009%3,855%6,602% 933,571%5,928%5,301%3,014%3,851%6,590%943,570%5,924%5,292%3,019%3,846%6,579%953,568%5,919%5,283%3,023%3,842%6,567%963,567%5,915%5,274%3,028%3,838%6,556%973,566%5,911%5,265%3,032%3,834%6,545%983,565%5,906%5,257%3,036%3,830%6,534%993,564%5,902%5,249%3,040%3,826%6,524%1003,562%5,898%5,241%3,045%3,822%6,514%1013,561%5,894%5,233%3,049%3,819%6,503%1023,560%5,890%5,225%3,053%3,815%6,494%1033,559%5,887%5,218%3,056%3,812%6,484%1043,558%5,883%5,210%3,060%3,808%6,474%1053,557%5,879%5,203%3,064%3,805%6,465%1063,556%5,876%5,196%3,067%3,801%6,456%1073,555%5,872%5,189%3,071%3,798%6,447%1083,554%5,869%5,182%3,075%3,795%6,438%1093,553%5,865%5,175%3,078%3,792%6,429%1103,552%5,862%5,169%3,081%3,789%6,421%1113,551%5,859%5,162%3,085%3,786%6,413%1123,550%5,856%5,156%3,088%3,783%6,404%1133,550%5,852%5,150%3,091%3,780%6,396%1143,549%5,849%5,143%3,094%3,777%6,389%1153,548%5,846%5,137%3,097%3,774%6,381%1163,547%5,843%5,131%3,100%3,771%6,373%1173,546%5,840%5,126%3,103%3,768%6,366%1183,545%5,837%5,120%3,106%3,766%6,358%1193,545%5,835%5,114%3,109%3,763%6,351%1203,544%5,832%5,109%3,112%3,760%6,344%1213,543%5,829%5,103%3,115%3,758%6,337%1223,542%5,826%5,098%3,118%3,755%6,330%1233,541%5,824%5,093%3,120%3,753%6,323%1243,541%5,821%5,087%3,123%3,750%6,317%1253,540%5,819%5,082%3,126%3,748%6,310%1263,539%5,816%5,077%3,128%3,746%6,304%1273,539%5,814%5,072%3,131%3,743%6,297%1283,538%5,811%5,067%3,133%3,741%6,291%1293,537%5,809%5,063%3,136%3,739%6,285% 1303,537%5,806%5,058%3,138%3,736%6,279%1313,536%5,804%5,053%3,140%3,734%6,273%1323,535%5,802%5,049%3,143%3,732%6,267%1333,535%5,799%5,044%3,145%3,730%6,261%1343,534%5,797%5,040%3,147%3,728%6,255%1353,533%5,795%5,035%3,150%3,726%6,250%1363,533%5,793%5,031%3,152%3,724%6,244%1373,532%5,791%5,027%3,154%3,722%6,239%1383,532%5,788%5,023%3,156%3,720%6,233%1393,531%5,786%5,018%3,158%3,718%6,228%1403,530%5,784%5,014%3,160%3,716%6,223%1413,530%5,782%5,010%3,162%3,714%6,218%1423,529%5,780%5,006%3,164%3,712%6,213%1433,529%5,778%5,002%3,166%3,710%6,208%1443,528%5,776%4,999%3,168%3,709%6,203%1453,528%5,775%4,995%3,170%3,707%6,198%1463,527%5,773%4,991%3,172%3,705%6,193%1473,527%5,771%4,987%3,174%3,703%6,188%1483,526%5,769%4,984%3,176%3,702%6,184%1493,526%5,767%4,980%3,178%3,700%6,179%1503,525%5,765%4,977%3,180%3,698%6,175%Term to maturity (in years)RealRenminbi-yuanRinggitRussian roubleSingapore dollarSouth Korean won113,115%2,097%3,367%10,194%4,156%3,921%212,615%2,292%3,595%8,858%3,717%3,769%312,526%2,458%3,705%8,718%3,537%3,647%412,550%2,595%3,791%8,990%3,448%3,584%512,607%2,701%3,864%9,351%3,391%3,525%612,655%2,784%3,924%9,696%3,352%3,482%712,690%2,854%3,972%9,994%3,324%3,456%812,722%2,916%4,016%10,248%3,305%3,444%912,733%2,974%4,052%10,433%3,291%3,434%1012,746%3,028%4,090%10,564%3,283%3,419%1112,719%3,081%4,131%10,645%3,280%3,394%1212,649%3,131%4,175%10,683%3,280%3,364%1312,547%3,180%4,221%10,683%3,281%3,330%

1412,421%3,226%4,270%10,651%3,284%3,297%1512,278%3,270%4,322%10,591%3,289%3,265%1612,122%3,312%4,378%10,508%3,293%3,235%1711,959%3,352%4,434%10,410%3,298%3,208%1811,789%3,390%4,486%10,300%3,303%3,185%1911,617%3,426%4,531%10,181%3,308%3,165%2011,445%3,461%4,567%10,057%3,312%3,150%2111,273%3,493%4,590%9,930%3,317%3,139%2211,103%3,524%4,603%9,801%3,321%3,131%2310,937%3,554%4,608%9,673%3,324%3,126%2410,774%3,582%4,607%9,545%3,328%3,123%2510,616%3,609%4,601%9,419%3,331%3,122%2610,463%3,635%4,591%9,296%3,334%3,122%2710,315%3,659%4,577%9,176%3,337%3,124%2810,172%3,682%4,562%9,059%3,340%3,126%2910,035%3,705%4,544%8,946%3,343%3,129%309,902%3,726%4,526%8,837%3,345%3,133%319,776%3,746%4,506%8,732%3,348%3,137%329,654%3,766%4,486%8,631%3,350%3,141%339,538%3,784%4,466%8,533%3,352%3,146%349,426%3,802%4,446%8,440%3,355%3,150%359,319%3,819%4,425%8,350%3,357%3,155%369,217%3,835%4,405%8,263%3,359%3,160%379,119%3,851%4,385%8,181%3,361%3,165%389,025%3,866%4,366%8,101%3,362%3,170%398,935%3,881%4,346%8,025%3,364%3,175%408,849%3,894%4,328%7,952%3,366%3,180%418,767%3,908%4,309%7,882%3,367%3,185%428,688%3,921%4,292%7,815%3,369%3,190%438,612%3,933%4,274%7,750%3,371%3,194%448,539%3,945%4,258%7,688%3,372%3,199%458,470%3,956%4,241%7,629%3,373%3,203%468,403%3,967%4,226%7,572%3,375%3,208%478,338%3,978%4,210%7,517%3,376%3,212%488,277%3,988%4,195%7,464%3,377%3,216%498,217%3,998%4,181%7,413%3,379%3,220%508,160%4,007%4,167%7,365%3,380%3,224% 518,105%4,016%4,154%7,317%3,381%3,228%528,052%4,025%4,141%7,272%3,382%3,232%538,001%4,034%4,128%7,228%3,383%3,236%547,952%4,042%4,116%7,186%3,384%3,239%557,904%4,050%4,104%7,146%3,385%3,243%567,859%4,058%4,093%7,106%3,386%3,246%577,814%4,065%4,082%7,068%3,387%3,250%587,772%4,073%4,071%7,032%3,388%3,253%597,730%4,080%4,061%6,996%3,389%3,256%607,691%4,086%4,051%6,962%3,390%3,259%617,652%4,093%4,041%6,929%3,391%3,262%627,615%4,099%4,032%6,897%3,392%3,265%637,578%4,106%4,023%6,866%3,393%3,268%647,543%4,112%4,014%6,836%3,393%3,270%657,509%4,117%4,005%6,807%3,394%3,273%667,476%4,123%3,997%6,778%3,395%3,276%677,444%4,129%3,989%6,751%3,396%3,278%687,413%4,134%3,981%6,724%3,397%3,281%697,383%4,139%3,973%6,698%3,397%3,283%707,354%4,144%3,966%6,673%3,398%3,285%717,325%4,149%3,959%6,649%3,399%3,288%727,298%4,154%3,951%6,625%3,399%3,290%737,271%4,159%3,945%6,602%3,400%3,292%747,245%4,163%3,938%6,579%3,401%3,294%757,219%4,168%3,931%6,558%3,401%3,296%767,194%4,172%3,925%6,536%3,402%3,298%777,170%4,176%3,919%6,516%3,402%3,300%787,147%4,180%3,913%6,495%3,403%3,302%797,124%4,184%3,907%6,476%3,403%3,304%807,101%4,188%3,901%6,456%3,404%3,306%817,080%4,192%3,896%6,438%3,405%3,307%827,058%4,196%3,890%6,419%3,405%3,309%837,038%4,200%3,885%6,402%3,406%3,311%847,017%4,203%3,880%6,384%3,406%3,312%856,998%4,207%3,875%6,367%3,407%3,314%866,978%4,210%3,870%6,351%3,407%3,316%876,960%4,213%3,865%6,334%3,408%3,317% 886,941%4,217%3,860%6,319%3,408%3,319%896,923%4,220%3,856%6,303%3,408%3,320%906,905%4,223%3,851%6,288%3,409%3,322%916,888%4,226%3,847%6,273%3,409%3,323%926,871%4,229%3,842%6,259%3,410%3,324%936,855%4,232%3,838%6,245%3,410%3,326%946,839%4,235%3,834%6,231%3,411%3,327%956,823%4,237%3,830%6,217%3,411%3,328%966,808%4,240%3,826%6,204%3,411%3,330%976,792%4,243%3,822%6,191%3,412%3,331%986,778%4,245%3,818%6,178%3,412%3,332%996,763%4,248%3,815%6,166%3,413%3,333%1006,749%4,250%3,811%6,153%3,413%3,334%1016,735%4,253%3,807%6,142%3,413%3,335%1026,721%4,255%3,804%6,130%3,414%3,337%1036,708%4,258%3,800%6,118%3,414%3,338%1046,695%4,260%3,797%6,107%3,414%3,339%1056,682%4,262%3,794%6,096%3,415%3,340%1066,669%4,265%3,791%6,085%3,415%3,341%1076,657%4,267%3,787%6,074%3,415%3,342%1086,645%4,269%3,784%6,064%3,416%3,343%1096,633%4,271%3,781%6,054%3,416%3,344%1106,621%4,273%3,778%6,044%3,416%3,345%1116,609%4,275%3,775%6,034%3,417%3,346%1126,598%4,277%3,772%6,024%3,417%3,347%1136,587%4,279%3,769%6,014%3,417%3,348%1146,576%4,281%3,767%6,005%3,417%3,349%1156,565%4,283%3,764%5,996%3,418%3,349%1166,555%4,285%3,761%5,987%3,418%3,350%1176,545%4,287%3,758%5,978%3,418%3,351%1186,534%4,288%3,756%5,969%3,418%3,352%1196,524%4,290%3,753%5,960%3,419%3,353%1206,514%4,292%3,751%5,952%3,419%3,354%1216,505%4,294%3,748%5,944%3,419%3,354%1226,495%4,295%3,746%5,935%3,420%3,355%1236,486%4,297%3,743%5,927%3,420%3,356%1246,477%4,299%3,741%5,919%3,420%3,357%

1256,468%4,300%3,739%5,912%3,420%3,357%1266,459%4,302%3,736%5,904%3,420%3,358%1276,450%4,303%3,734%5,896%3,421%3,359%1286,441%4,305%3,732%5,889%3,421%3,360%1296,433%4,306%3,730%5,882%3,421%3,360%1306,424%4,308%3,728%5,875%3,421%3,361%1316,416%4,309%3,725%5,867%3,422%3,362%1326,408%4,311%3,723%5,860%3,422%3,362%1336,400%4,312%3,721%5,854%3,422%3,363%1346,392%4,314%3,719%5,847%3,422%3,364%1356,384%4,315%3,717%5,840%3,422%3,364%1366,377%4,316%3,715%5,834%3,423%3,365%1376,369%4,318%3,713%5,827%3,423%3,366%1386,362%4,319%3,711%5,821%3,423%3,366%1396,355%4,320%3,710%5,814%3,423%3,367%1406,347%4,322%3,708%5,808%3,423%3,367%1416,340%4,323%3,706%5,802%3,424%3,368%1426,333%4,324%3,704%5,796%3,424%3,369%1436,326%4,325%3,702%5,790%3,424%3,369%1446,320%4,327%3,701%5,784%3,424%3,370%1456,313%4,328%3,699%5,779%3,424%3,370%1466,306%4,329%3,697%5,773%3,424%3,371%1476,300%4,330%3,695%5,767%3,425%3,371%1486,293%4,331%3,694%5,762%3,425%3,372%1496,287%4,332%3,692%5,756%3,425%3,372%1506,281%4,334%3,691%5,751%3,425%3,373%Term to maturity (in years)Turkish liraUS dollarYen112,324%5,074%-0,102%29,703%4,658%-0,068%38,788%4,259%-0,025%48,474%4,048%0,061%58,461%3,949%0,162%68,630%3,878%0,254%78,952%3,822%0,325%89,362%3,783%0,377% 99,840%3,742%0,426%1010,213%3,749%0,491%1110,466%3,744%0,578%1210,630%3,728%0,679%1310,724%3,717%0,784%1410,766%3,711%0,882%1510,767%3,706%0,971%1610,736%3,699%1,048%1710,680%3,689%1,115%1810,606%3,674%1,172%1910,517%3,654%1,221%2010,419%3,627%1,263%2110,313%3,593%1,302%2210,202%3,556%1,338%2310,089%3,517%1,371%249,974%3,480%1,402%259,859%3,444%1,430%269,745%3,411%1,456%279,633%3,379%1,480%289,523%3,346%1,504%299,416%3,310%1,529%309,312%3,270%1,556%319,211%3,225%1,585%329,114%3,177%1,617%339,020%3,127%1,649%348,929%3,077%1,682%358,842%3,028%1,716%368,758%2,981%1,750%378,677%2,936%1,783%388,600%2,893%1,817%398,525%2,854%1,850%408,454%2,817%1,882%418,385%2,784%1,914%428,319%2,754%1,945%438,256%2,727%1,975%448,195%2,703%2,004%458,137%2,683%2,033% 468,081%2,665%2,061%478,027%2,650%2,088%487,975%2,638%2,115%497,925%2,630%2,140%507,877%2,623%2,165%517,831%2,620%2,189%527,786%2,619%2,213%537,743%2,620%2,235%547,702%2,623%2,257%557,662%2,626%2,279%567,623%2,631%2,299%577,586%2,637%2,319%587,550%2,644%2,339%597,515%2,651%2,358%607,481%2,658%2,376%617,449%2,666%2,394%627,417%2,675%2,411%637,387%2,683%2,428%647,357%2,692%2,444%657,328%2,701%2,460%667,300%2,709%2,476%677,273%2,718%2,491%687,247%2,727%2,505%697,222%2,736%2,519%707,197%2,744%2,533%717,173%2,753%2,547%727,149%2,761%2,560%737,127%2,770%2,572%747,104%2,778%2,585%757,083%2,786%2,597%767,062%2,794%2,609%777,042%2,802%2,620%787,022%2,810%2,631%797,002%2,817%2,642%806,983%2,825%2,653%816,965%2,832%2,663%826,947%2,839%2,673% 836,929%2,846%2,683%846,912%2,853%2,693%856,896%2,860%2,702%866,879%2,867%2,712%876,863%2,873%2,721%886,848%2,879%2,729%896,832%2,886%2,738%906,818%2,892%2,746%916,803%2,898%2,755%926,789%2,904%2,763%936,775%2,909%2,771%946,761%2,915%2,778%956,748%2,921%2,786%966,735%2,926%2,793%976,722%2,931%2,801%986,709%2,937%2,808%996,697%2,942%2,815%1006,685%2,947%2,821%1016,673%2,952%2,828%1026,662%2,957%2,835%1036,650%2,961%2,841%1046,639%2,966%2,847%1056,628%2,971%2,854%1066,618%2,975%2,860%1076,607%2,980%2,866%1086,597%2,984%2,872%1096,587%2,988%2,877%1106,577%2,992%2,883%1116,567%2,996%2,888%1126,557%3,000%2,894%1136,548%3,004%2,899%1146,539%3,008%2,905%1156,530%3,012%2,910%1166,521%3,016%2,915%1176,512%3,020%2,920%1186,503%3,023%2,925%1196,495%3,027%2,929%

1206,487%3,030%2,934%1216,478%3,034%2,939%1226,470%3,037%2,943%1236,462%3,041%2,948%1246,455%3,044%2,952%1256,447%3,047%2,957%1266,439%3,050%2,961%1276,432%3,053%2,965%1286,425%3,056%2,970%1296,418%3,060%2,974%1306,410%3,063%2,978%1316,403%3,065%2,982%1326,397%3,068%2,986%1336,390%3,071%2,989%1346,383%3,074%2,993%1356,377%3,077%2,997%1366,370%3,080%3,001%1376,364%3,082%3,004%1386,357%3,085%3,008%1396,351%3,088%3,011%1406,345%3,090%3,015%1416,339%3,093%3,018%1426,333%3,095%3,022%1436,327%3,098%3,025%1446,322%3,100%3,028%1456,316%3,103%3,032%1466,310%3,105%3,035%1476,305%3,107%3,038%1486,299%3,110%3,041%1496,294%3,112%3,044%1506,289%3,114%3,047%

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 RepublicCyprusDenmark10028502202003650360300415041040144524305034853460604505548071453585008265541050092756511470103758512470Duration (in years)EstoniaFinlandFranceGermanyGreeceHungaryIreland100003544142000022141930000197422410001734235300015942464000156425740001544268601015832797020160127107030162428Duration (in years)ItalyLatviaLithuaniaLuxembourgMaltaNetherlandsPoland16440140421491001904318121302204 4211415023045231617024046251719025047271821026048282022027049302123127041032212422804Duration (in years)PortugalRomaniaSlovakiaSloveniaSpainSwedenUnited Kingdom122811154002361513181000341171622130044318172715005462018301700648212033190075022213521008502422362200947252337230010472323372400Duration (in years)LiechtensteinNorwaySwitzerlandAustraliaBrazilCanadaChile10000120162000012018300001201740000120175000012015600001201470000120148000012014900001201510000012013 Duration (in years)ChinaColombiaHong KongIndiaJapanMalaysiaMexico1012010008211801000932270100010433401000105336010001064380100010744001000108738010001095360101010105380101010Duration (in years)New ZealandRussiaSingaporeSouth AfricaSouth KoreaThailandTaiwan100079142000101104300011120440001213045020131504605014150470701615048011018150490160191504100160211504Duration (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 61619421112245141288261942111224514103438214410522151183949244610822051069251026511112205105806112855115220510510712315711822051051081231561172205105109133256116220510510101333571162205105101114345711722051051012143557117220510510131536571172205105101415365711722051051015153657117220510510161536571172205105101715365711722051051018153657117220510510191536571172205105102015365711722051051021173657117220510510221836571172205105102318365711722051051024193657117220510510251936571172205105102620365711722051051027203657117220510510282136571172205105102922365711722051051030233657117220510510

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 611831531222355261354219325512323752710823203456118233523875421365912023252271952238631232315216016223966126230521521723416712823052052082241661262295195199214165125228519519102142651252285185181121426512422751751712214264124227517517132142641232265165161421426312322651651615204263122225515515162041621222255155151720416212222551551518204162122225515515192041621222255155152020416212222551551521204263122225515515222142631222255165162321426312322651651624214263123226516516252142631222255165162621426312222551651627224263122225515515282242631222255155152923426312222551551530234163122225515515 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 61619421102245141288261942110224514103337214310522051083949244610721951069251026511112195105806112854115219510510712305611821951051081231561172195105109123256116219510510101333571162195105101114345711621951051012143557116219510510131435571162195105101415365711621951051015153657116219510510161536571162195105101714365711621951051018153657116219510510191536571162195105102015365711621951051021173657116219510510221836571162195105102318365711621951051024193657116219510510251936571162195105102620365711621951051027203657116219510510282136571162195105102922365711621951051030233657116219510510 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 61789111418329658614992758811117929358311883799311517729258295447893116177289579779578941191782875776486779512118228657657677795121182284574574876951201802835735739759411917928257257210729211617527956956911719111417327656756712709111317227556556513699111217127456556514699011217127456456415699011117127456456416689011117027356356317688911017027356356318688911016927256356319678810916927256256220668810916827156156121668710816827156156122658610716727056056023648510616626955955924638410516526855855825628310416426755755726618210316326655655627608110216226555555528598010116126455455429587910016026355355330577899159262552552 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 611124461152285181294212254811623052010363142850112227517841416315411522751769451834591182275175816193662123227517517720386412522751751781938631242265165169193863123226516516101939631222255165161120406312222551651612204163122225515515132041631222255155151421426312222551651615214263122226516516162142631222255165161721426312322651651618214263123226516516192142641232265165162022436412422751751721224364124227517517222244651242275175172323446512422751851824234465124227518518252344651242275185182623446512422751751727224465124227517517282244651242275175172922446512422751751730234364124227517517

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 614558811492635531275249628515326755710253546890152267557835458739515626855869156076101160269559580661781051652695605607628010616826955955986180105166268559559961801041642685585581060801041632665575571159801031622655555551259801021612645545541358791001602635535531457789915926255255215567799158261551551165577981572605505501755769715726055055018547697156259549549195475961562595495492053759615525854854821537495155258548548225273941542575475472351739415325654654624517293153256546546255071921522555455452649709115125454454427487091150253543543284769901492525425422947688914825154254230466788148251541541 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 6161841110223513128726184111022351310333721431042205108384823461072195096925925501102195095806102854115219509509712305611721950950981230561162195095099123156116219509509101232561162195095091113335611621950950912133456116219509509131435561162195095091414355611621950950915143556116219509509161435561162195095091714355611621950950918143556116219509509191535561162195095092015355611621950950921173556116219509509221835561162195095092318355611621950950924193556116219509509251935561162195095092620355611621950950927203556116219509509282135561162195095092922355611621950950930233556116219509509 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 618245214024253213132824521402425321053392652128239529854410285411923752770451230561102365265906143459104235525525716366098234524524818385992232523523920446287231522522102044618423152152111194360852305205201219436087229519519131943618722851851814194361872285185181519436187227517517161943618722651651617194461872255155151819446187224514514191944618722451451420194461872245155152119446187225515515221944618722451451423194461872245145142419446187223513513251944618722251351326204461872225125122720446187221511511282244618722151151129234461872205105103023446187220510510 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 618497120189302592136328396119187301591109438397119181296586891483981201812935847375829812318229158161968198124185289580580780981241862875775778789712218328557557597696120180283573573107595119179282572572117595118177280570570127394116176279569569137293115174277568568147192113173276566566157091112172275565565166990111171274564564176889110170273563563186788109169272562562196687108168271561561206586108167270560560216486107166269559559226385106165268558558236283105164267557557246182103163266556556256081102162265555555265980101161264554554275879100160263553553285778991592625525522956779815726155155130557697156259550550

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 61577093161275565135225769921612745641086357719315527056088445873951562685587305577498158267557612657741001612655555557577510116226455455485574991602635535539547498158261551551105474971572605505501153749715625954954912537496155258549549135374951552585485481452749515425754754715527394154257547547165172931532565465461750729315225554554518507192152255545545194971921512545445442049719215125454454421497091151254544544224970911502535445442348699015025354354324476990149252542542254768891492525425422646678814825154154127456788147250540540284566871462495405402944658614624953953930436485145248538538 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 613144671362495391294232456813625054010363324668130245535840433487013224453469353450751342435335816345177138242532532734527814024153153183352771382405315319335277137240530530103353761362395295291133537613523852952912325375135238528528133253751342375275271432537413323652752715315273133236526526163052731322355255251730517213223552552518305172132235525525193051721322355255252030517213223552552521305172132235525525223051721322355255252330517213123452552524295172131234524524252950711312345245242629507113123452452427295071130233524524282850711302335235232928497013023352352330284970129232523523 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 61042492206496124721525932074971000325268820349381342629902024926725493493202492564641137982024924927513391012024924928714391002024924929715399920249249210816399920249249211918411002034934931291739992024924921311194010020349349314121940992024934931512183998201491491161317389720049149117131738972004914911814173898201491491191518389820149149120151839982014924922117193999202492492221720399920249249223182139992024924922418223999202492492251922399820149249226202339982014914912720233998201491491282125409820149149129222541982014914913023264298201491491 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 614558801492625531304245588114926355310473466082143259549850446618414525754770254763881472565465896476490151255545545747659115325454554584665901512545445449466590150253543543104666891492525425421145668914825154154112456688147251541541134566871472505405401444668714624953953915446586146249539539164364851452485385381743648514524853853818426385144247537537194263841442475375372042638414324653753721416384143246536536224162831432465365362340628314224553553524406182141244535535253960811412445345342638598114024353353327375980139242532532283758791392425325322936577813824153153130355778137240530530

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 611730531212355251250221345612523852910043253961122238528817428436612723952967653147721322405315686304874135239529529735537914024253253283453781382415315319355479139242532532103757801402435335331138598114124453453412396082142245535535134061821422455355351441628314224553553515416283143246536536164062831422455355351740628314224553553518406182142245535535194061821422455355352040618214224553553521406182142245535535224061821412445355352339608214124453453424396081141244534534253860811402435335332638598014024353353327375980139242532532283758791392425325322936587913824153153130365778138241531531 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 611831541222365261316219325512323752710513213557119234524850423386012223452470052440651252335245866254269129233524524726447013223352352382645701312335235239264670130233523523102747711302335245241128487113023352452412284971131234524524132950711312345245241429507113123452452415295071131234524524162950711302335245241729507113023352452418295071130233524524192850711302335235232029507113023352452421285071130233523523222849711302335235232328497013023352352324274970129232522522252748691292325225222626486912823152152127264768128231521521282647681272305205202925466712723052052030254667127230520520 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 61536588157270560140225568911592735631102358729415627156188646176981592725627275637910416327256260866481108168273563563765841101712735635638658410917027256256296585109169272562562106686109169272562562116687109169272562562126687109168271561561136687108168271561561146586107167270560560156486107166269559559166485106165268559559176384105165268558558186284105164267557557196283104164267557557206182104163266556556216082103162265555555226081102161265555555235980101161264554554245879100160263553553255778991592625525522656779815826155155127557697157260550550285475961562595495492953759615525854854830527495154257547547 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 61839611918730159114502881011241923065961170391105127188304594955492107130191303593791596112137196305595665698115141202306596596710011814420530759759781011191452053085985989102121146206309599599101031231462063095995991110312314620630959959912102123145205308598598131021231442043075975971410012214320230559559515991201412013045945941698119140200303593593179611813919830159159118951161371973005905901994115136196299589589209211413519429758758721911121331932965865862289111132191294584584238810913018929258358324861071281882915815812584105127186289579579268310412518428757857827811021231832865765762879100122181284574574297899120179282573573307697118178281571571

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 611225481162305201321215285111923352310543183254116231521854421365812023252270352339641242335235896254268129233523523726447013223352352382645701312335235239264670130233523523102747701302335235231127487013023352352312274870130233523523132748701292325225221427486912823152252215264768128231521521162547681272305205201725466712723052052018254667127230520520192546671272305205202025466712723052052021254667127230520520222546671272305205202325466712723052052024254667127230520520252546671272305205202625466712622952052027244667126229519519282445661262295195192924456612622951951930244566125228519519 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 6195108130199312602136029610913120031360410933971111331953106008894991141371983106007355100117141201310600617610111814420530960060071021201462083095995998102121146206309599599910112114520530859859810101121144204307597597111001201432023055965961298119141201304594594139711813919930259259214951171381973005905901594115136196299589589169211313419429758758717901121331922955855851889110131191294584584198810913019029358358320871081291892925825822186107128187290581581228410612718628957957923831051261852885785782482103124184287577577258110212318328657657626801011221812845755752778100121180283573573287798120179282572572297697118178281571571307596117177280570570 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 6131032334641452881814502871001231913055951147391104126188304594924494109131192305595760596112137197305596637698115141202306596596799117143205306596596810011914420530759759791001201442043075975971010112114420430759759711101122144204307597597121021231452043075975971310212314520430759859814103124145205308598598151041251462063095995991610512614720630960060017105127148207310600600181061281492083116016011910712814920931260260220108129150209312603603211081291502093126036032210712814920931260260223106128149208311601601241051271482073106006002510412614720630959959926103124145205308598598271021231442033065975972810012114320230559559529991201412013045945943097119140199302592592 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 610123510321750712442112351032175079973214369721350381142153899211501670541742101210500562641845105209500500752046107209499499872045106208498498972044104207497497108204410320749749711921441032064974971292244103206497497131023441042074974971411234410420749749715122445104207497497161324451042074974971713244510520849849818142546106209499499191526471062094994992015264810721050050021172748108211501501221728491092125025022318285010921250250224182950110213503503251929501102135035032620305111021350350327203051110213504504282130511112145045042922305111121450450430233152111214504504

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 615164871552695591334252658815627056010673536789150266556865453689115226455471255470951552635545976557298159263553553755739916026255255285473981592615515519547398157261551551105373971562595505501152739615525854854812517294154257547547135071931522555465461449709215125454454415486990150253543543164768891492525425421746678814825154154118456687147250540540194465861462495395392044658614624953953921436486145248538538224364851442475385382342638414424753753724416384143246536536254162831422455365362640618214224553553527396082141244534534283960811402435345342938598014024353353330375980139242532532 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 61114127150218332622137921151281512203336231106311813215421633162190141211361582203326227455123139164224332622627612514216822933362362371261441702313336236238126144170230333623623912614516922933262362310126146169229332622622111251461692283316216211212414516722733062062013123144166225328618618141221431642243276176171512014116222232561561516118139160220323613613171161371582183216116111811413515621631960960919112133155214317607607201111321532123156066062110913015121131460460422107128149209312602602231051261482073106006002410312514620530859859825101123144203306596596261001211422013045955952798119140200303593593289611713819830159159129941161371962995895893093114135195298588588 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 611671802032713856751487217618921228039468411873182196218279395685964418520022228339568579651862022272873966866866187204230291395685685718720523129239468468481862042302903936836839185204229289392682682101842042282873916816811118320422628638967967912181202224284387677677131792002222813846746741417619821927838167167115173195216275378668668161711922132723756666661716818921026937266366318165186207267370660660191621832042643676576572015918020126136465465421156177198258361651651221531741952553586486482315017119225235564564524147168189249352642642251441651862453496396392614116218324334663663627138159180240343633633281351561772373406306302913215317523433762762730130151172231334625625 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 613245681362505401267233466913725054110173344870132247537828435507313424653668553652771372465365756375480141245535535737558114324453453483655801412435335339355579139242533533103555791392425325321135567913824153153112355678138241531531133556781372405305301435567713724053053015355677136239530530163556771362395295291735567713623953053018355677136239530530193556771372405305302035567713724053053021355677137240530530223556771372405305302335567713623953053024345677136239529529253455761362395295292634557613623952952927335576135238528528283354751352385285282933547513523852852830325475134237527527

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 613042651342475371292231446713524953910383344870132247537844437527413524753769853955801392485385866405783144248538538742608614724953953984261861462495395399426286146249539539104363871462495405401144658714725054054012456688147250540540134566881472505405401445668714725054054015456687147250540540164566871472505405401745668714725054054018456687147250540540194566881472505405402046678814725054154121466788148251541541224667881472505415412345678814725054054024456687147250540540254466871462495395392644658614624953953927436586145248538538284364851452485385382942638414424753753730426384143246537537 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 611271401632313456351428212613916223034463411283126140162224339629915412714216422533762875751271431682283376276376127144170231335625625712714517123333462462481261451702313346246249125145169229332623623101251461692293326226221112514616922833162162112125146167227330620620131241451662263296196191412314416522532861861815121142163223326616616161191401612213246146141711613815921832161161118114136157216319609609191121341552143176076072011013115321231560560521108129150210313603603221061271482083116016012310412514620530859959924101123144203306596596259912014220130459459426971181391993025925922795116137197300590590289311413519529858858829911121331932965865863089110131191294584584 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 61114371052195091307231639107221511104236194110321950984548234510721950969751026511112195095846112955116220510510713315711822051051081332571172205105109133257117220510510101333571162205105101114345711621951051012143557116219509509131435561162195095091414355611621950950915143556115218509509161334561152185085081714345611521850850818143556115218508508191535561152185085082016355611621950950921173657116219509509221836571172205105102318365711722051051024193657117220510510251936571172205105102620365811722051051027203758117220510510282237581172205105102922375811722051051030233758117220510510 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 613648711402535431303236497214025454410423365072134249539845436517413524753769753753781372465365846395682143247537537737558114224453453484059841442475375379395883143246536536103454781382415315311131517413323652752712284971130233524524132647691282315215211424466712622951951915234465125228518518162243641232265175171721426312322651651618204162122225515515192041621222255155152020416212222551551521204162122225515515222041621222255155152320416212122451551524204162121224515515251941621212245145142620416212122451451427204061121224514514282240611212245145142922406112122451451430234061120223514514

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 612112242463154287191471220722024331242571511463204218240301417707922420121623829941170275851972132382984066966966193210237297401692692719020823429539768768781852042302903936836839181201225285388678678101781982212813846746741117419521727738067067012170191213273376666666131671882092693726626621416318420526536865865815159181202261364654654161561771982583616516511715317419525435764864818149171192251354644644191461681892483516416412014316518624534863863821141162183242345636636221381591802393426336332313515617723734063063024132153174234337627627251291501712313346246242612614816922833162162127124145166226329619619281211431642233266166162911914016122132461461430117138159218321612612 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 6182548100235525132528254810023552510573102850972335238554123254952335237045163859982345245906184263952345245247194463902345255258184362892345255259194564922345255251021486796234525525112350689923452552512245269100234525525132654701002345255251426547110023452452415265571100234524524162655711002345245241726557110023452452418265571100234524524192655711002345245242026557110023452552521265571100235525525222655711002355255252326557110023552552524265571100234525525252655711002345245242626557110023452452427265571100234524524282655711002335235232926557110023352352330265571100233523523 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 610315831974871225215138219548598132513751904807974261576188478659546197918747855364722831874774777592485187477477879238418747747797102383186477477108102483187477477119112484187477477129132484187477477131013248418747747714111425841874774771512142585188478478161315268518847847817131627851884784781814172886189479479191418308618947947920151831871904804802116193287190480480221720338719048148123182134881914814812418213688191481481251922378819148148126192338881914814812720233988191481481282025408819148148129212541881914814813022264288191481481 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 6121420421593073179221420421593502377321423461543651795421526501513651388531729521513561100642031551513438927622335715132673786233460151309620962436631512915281062537641512744541172538651512573941272538661512453451372638661512453041472638661512452691572640661512452451672643661512452451772645661512452451872647661512452451972650661512452452072652661512452452172655661512452452292657661512452452392659661512452452410266266151245245251026646715124524526102667681512452452711266970151245245281126727215124524529112674741512452453012267776151245245

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 611325325317032333512152733541723662496314273659167380187841428386316437814465142940641633681143615314266162353924716324367161336763815324469161318640915334471160299545101533467316028146811143345731592644061214334573158252355131332457215825131314133244711572512771513314471157250250161231447115625025017123146711562502501812314871156250250191231517115625025020123154711572502502113315771157250250221331587115725125123133261711572512512413326371157251251251332667115725125126133168711572512512713317172157250250281331737315725025029133176751572502503012317978157250250 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 6121420411593073179221420411593502376311423461533651795411525501513651388521729521513561100642031551513438927522335715132673786233460151309620962435621512915271062537641512744541172538651512573941272538651512443451372538651512443041472538651512442691572540651512442441672543651512442441772545651512442441872547651512442441972550651512442442072552651512442442172555651512442442292557651512442442392559651512442442410256265151244244251025646715124424426102567681512452452711256970151245245281125727215124524529112574741512452453012267776151245245 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 6174869211423135637332718389110228400276137386941182254132063471859512022140815795708596120219395124267086971212183781001770879712221635982486986971232153396909688698125214319586106684961242103045041164829512220830143712628194121207300382136280931202063003361461809312020629929915618092120206299299166179921192052982981760799111920529829818607891118204298298195978901182042972972059779011720329629621587789117202296296225776881162022952952356758711520129429424557486114200293293255473851131992922922653728411219829129127527183111197290290285170821101962892892950698110919528828830496883108194287287 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 61618254616330931952820264716535123833821295316036618004923335715936613915102536601593571102611273863159343893713294064158326738812304166158309620912304269158291528101231437015727445411133144711572573941213314471157250345131331447115725030414133144711572512691513324471157251251161331447115725025017133245721572512511813324772158251251191332507215825125120143353731582522522114335573159252252221533587315925225223153359731592522522415336273159253253251533657315925325326153367731592522522715337073159252252281533727315925225229143374751592522523014337877159252252 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 6141535980198304314524456638420134823573486169932003641786450647499200365138455267781022013571099654708110520134489375572821072013287408557283109200312623954728411019929453110537284111198292458115271841111972903981251708311019628934913506981109195288307144968801081942872871548677910719328628616486679106192285285174766781061922852851847657810519128428419466577105191284284204664771041902832832145647610419028328322446375103189282282234462751021882812812443627410118728128125426173101187280280264160721001862792792740597299185278278284058739818427727729395876971832772773038577897183276276

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 611132041158307317721132041158350237531132245153365179441152549150365138752162851150356109963193054150342891752132561503267378522335915030961995233562150291527106243664150274454116243764150257394126253765150244345136253765150244303146253865150244269156254065150244244166254365150244244176254565150244244186254765150244244197255065150244244207255265150244244217255565150244244229255765150244244239255965151244244249256265151244244251025646715124424426102567681512442442711256970151244244281125727215124424429112574731512442443012267776151244244 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 610102244177313324520102244177356242431102349172372183041132654169371141351162858168362111962183259166347906742136601653317498624375916431362899304258163295535101134425716227746011103342571622603991293242571612543491383142581602533071483143581592532721583143581592522521683143581572512511793146581572502501893148581562492491993150581562492492093153581562502502193155591562502502293158611562492492393161631562492492410326365155248248251032666715424824826103267691542472472711327171153246246281132737315324624629113275751522452453012327877152245245 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 6180929912023733233762799197118236370252637790981222293871914475899912422538814835748910012422338011786749010112522136695777390100125219350793871891001252173326679708899126215314569106987991272143074901168869912621230542612668597125211304373136583961232093023281463829412220830130115628193121207300300166180921202052992991760799111920429829818597890118204297297195877891172032962962057768911620229529521577588115201294294225674871142002932932354738611319929229224537284112198291291255271831111972902902651708211019628928927506981109194288288284968801081932872872948678010619228628630476682105191285285 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 6153657192210322334625264719220936825063516472962033841898450647499200385146855065769919937611646506577101197361944750677710219634478084966771031943266559486677104193307557104765781051922894791146657710519128441612466477104190284364134564761041902833201445637610318928228315446375103188282282164362741021882812811743617410118728028018426173101187280280194260731001862792792042607310018627927921416072100186279279224159729918527927923405971991852782782440587198184277277253958709718327727726385770971832762762738567296182275275283755759518127427429365578951802742743035548094180273273 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 612739456718430931942284046671843512382326394871179366179942639507417536613905264152751753571102627425478174343893727445579173327739827445581172309621926445683172292528102644578417127445511264457841702643951225445684170263346132443568316926230414244255821682622701523425482168261261162341548116726026017224153811672602601822415381167260260192241538116626026020224153811672602602122415581167260260222241588116626026023224159801662602602422406280166259259252140658016625925926214067801662592592721397079165259259282139727916525825829203974791652582583020397878164258258 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 6100423140298307220162414133922953119291363541736413123313435513445141535134346106662417381343338657262040134318716826224213430160294724451342845131049274713426744111493049135251383124932481342353361341134491342282961451137481342282621561340471332262331661341481322262261761444491322262261861547511322262261971649541332262262071651551332272272171854571342272272281956601342272272381958611342272272482161631332272272592163651342262262692266671352262262710236869136226226281024707113822622629102573731392262263011267575140226226 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 614052598019731132212405259801973552409340526184192370182143953638818937014095395465891883621117640566791187348907740576892186332751840576894185315631939576996185297538103957709718428046311385769971832764021238566996182276352133756689618227531014375568951812742741536556795181274274163554669418027327317355466931792732731834536693179272272193453659317827227220345265921782722722134526592178271271223352649217827127123335164911772702702432516390176270270253150669017626926926304968891752682682730487188174267267282948738717326726729284776871732662663027467886172265265 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 611325315217029930792162835561733412304319324064171356174642135457017135713525233850731723491074623395074170336872728455580174321723827445581173304608928465885174288519103048618817527144711315062901762693891232506391176270341133251639117727030114335164911772702701533526491177271271163351649117727027017335164911772702701832516391177270270193251639117627027020325163911762702702132516391176270270223250639017626926923315063901762692692431506290175269269253149658917526826826304967891752682682730487088174267267282948728817326726729294774871732662663028477787172266266 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 611426325317131432532152733541723562421315283660167370182241629396416536914055163143661653591112618344569165345901719364771165329745819374873165311626920384976165294533102039517816527645911213952791652593981221395279165259348132140528016525930714214052801652592721521405280165259259162139527916525825817213952791652592591821395279165259259192139527916525825820213953791652592592121395579165258258222039587916525825823203961791642582582420386378164257257251938657816425725726193767771632562562718377077163256256281836737616225525529173675761622552553017367877161255255

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 614860678820533434792506269902073722550352657497205384190845467771022033821467555708110520437111596577384108204356938759758611020433977485876871122043216499597788115204302552105977901172042974751159789011820429741212597790117203296360135877891172022963171457768811620229529515577588115201294294165675871142002942941755748611420029329318557386113199292292195473851131982922922053728411219829129121537184111197290290225271831101962902902351708211019528928924506981109195288288254968801081942872872648677910719328628627476678106192285285284665771051912842842945647710419028328330456379103189282282 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 61799197118235345360328496102123240395271438597106129237415206248599109133235416159958810311413823740812706901061171422383931030793109120144238375852894111122148240355716995113125152240335609109611412715424133452411961141271542403344541295114126154240333397139411312515323833234914931111241512373303301591110122150236329329169010912114923432832817891071201472333263261887106118146232325325198610511714523032432420851031161432293223222183102114142228321321228210011314022631931923809811113822431831824789710913722331631625769510813522131431426759310613321931231227739210413221831131128719010313021630930929708810112821430830830688799127213306306 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 61820264716531532652102229501673572429312253357164371183041427386216337014135163042651643611119618334469165347907719364671165331749819374873165313629920384976165295535102038517816527746111203951791652604001220395179164258350132038517816425730814193850771632572731518374977163256256161836497616225525517173648761622552551817364876162255255191736517616125525520173653761622552552117365576162255255221736587616225525523173661761622552552417366376162255255251736667616125525526173568751612542542717357175161254254281635737516125425429163576751612542543016357877160254254 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 6190102109130247342336729110311013124837025223911041131362433871910492106116140242387147959310811914224237811736941101211452413649517951121221472413477878951131241492413346619951131241512403335631094112125152239332484119311112415123733042012911101221502363293681389108120148234327327148810611914623232532515861051171452303243241684103115143229322322178310111414122732032018811001121402263193191980991111382243183182079981101372233173172178971091362223163162277951081352213143142375941071342203133132474931051332193123122573921041322173113112672901031302163103102771891021292153083082869881011282143073072968879912721330630630678698126212305305

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 6130631832434546255736032839510112224038726603849710612923740019954861001101352363991537588103115138237389121669010611714223837498579210912014423835681489311112214723933768399411212315023933258110941121251522393324991194113125153239332433129411312615323933237813951131261532393333331495114126154240333333159611512715524033433416971151281552413353351798116129156242335335189911713015724333633619991181301582443373372010011813115824433733721100118131158244337337229911813015824433733723991171301572433363362498116129156242335335259711512815524133433426951141261542403333332794112125152238332332289211112315123733033029911101221502353293293089108121148234327327 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 61071334152297306420613341513382288317153914635317314171742143354133951819431423451063621021451413328627212224714131771382122348140300600941224501392835111041227521382664401141230521382503821241231521382343341341334531382322951451337531392322611561340531392322331661341531392322321761444541402332331861547541402342341971649551412342342071751561422352352171854571432362362281956601432372372381958611442372372482161631442382382592163651452382382692266671452382382711236869145239239281124717114623923929102573731462392393011267575146239239 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 6146596586203318329824759668720436124603476068921993761855446607095196375143154661739619536611336476374991953529197486475991943357598476576101193317638947657710419229954310466577104191285467114564761041902834051244637510318928235513436174101187280312144160731001862792791540597199185278278163958709718327727717385769971822762761837566896182275275193655679518127427420365567941802742742135546694180273273223553669317927327323345365931792722722433526592178271271253351669117727127126325168911772702702731507190176269269283149738917526826829304977891752682683029487988174267267 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 611091211281492663613417211112312915126837425563112125133157264391193741141271371622633921500511513014116526438411926117133144169265371969711913614617126535880481191361471732653586779119137149175264358577101191371501772643574971111813714917726335643212117136148176262355379131161341471742603533531411413314517325835235215112131143171257350350161101291411692553483481710812713916725334634618106125137165251344344191041231361632493423422010312113416124734134121101120132160246339339229911813015824433733723971161291562423353352496114127154240333333259411212515223833133126921111231502363303302790109121149234328328288810711914723332632629871051181452313243243085104116144229323323

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 6116317518120232041537032171184190211328423275831761881972203284232084417719120122632742116125179193205228327421127861791952062313274201036718019720723232641985681791962072333254187199178196208235324417611101781962082363224165261117619520723532141445612174193205233319412412131711902032303164094091416918720022731340640615166184197224310403403161631811942213074004001716017819121830439839818157176188215301395395191541731852132983923922015117018221029638938921148167179207293386386221451641762042903833832314216117320128638038024139158170198283377377251361551671942803743742613315216419127737137127130149161189274368368281271461581862723653652912414315518326936236230122140153180266359359 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 612840466718430331252284047681853452337328414973180361177042842527717836213715294355781773531089629455681177340884730475782176325732829475883175308615929475885174290524102947598717427345111284759871732663921228465986172266343132746598617226530314274658861712652681527455885171265265162745588517126426417274558851712642641827465885171265265192746588617126526520274658861722652652127465886172265265222746588617126526523274660851712652652427456285171264264252645658517126426426264567851702642642726447084170263263282544728417026326329254474841692632633025437883169262262 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 612537446518230831892273945661843522387328414973180368180742943537817936813995314657811803601110633496084180346901735526287181330746835526389181313627936546592181295534103655679418127846011375668961822753991237566896182275349133756699618227530814375668961822752751537566896182275275163756689618227527517375668961822752751837566896182275275193756699618227527520385669961822762762138576996182276276223856699618227627623385669961822752752437566896182275275253755689518127427426365568951812742742736547194180273273283554739417927327329345376931792722723034527892178271271 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 611231351411632803753546212113314016127838126133120133141165272397197241191331431682693981528512013414616926839012156120136147171267376988712013714817226636081981201371481742653596899119137148175264358588101191371501772643575061111813714917726335644012117136148176262355385131161351471752613543541411513414617425935335315113132144172257351351161111301421702553493491710912714016725334634618107125138165251344344191051231361632493423422010212113416124734034021100119131159245338338229811712915724233633623961141271542403343342494112125152238331331259111012215023632932926891081201482343273272787106118146232325325288510411614423032332329831021141422283213213081100112140226319319

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 610915361543123230201117381553532399311221441523681810411425491503671398521728521513581108642031551513448987623335815232874286233560152310623962436631522935301072537651512754561172538651512583961262537651512443471362537651512443051462538651502442701562440641502442441662443641502432431762446641502432431872448641502432431972450641502432432072553651512442442172555651512442442292658651512452452392660661522452452410266266152245245251026656715224524526102667691522452452711267071152245245281126727315224524529112675751522452453012267877152245245 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 613143507118831132172314350711883532398330435175182368181142943537817936813995294455791783591109632475883179345899730475782176328743833506187179311624932506289178293531102846588617327645711244255821682623971221395279165259347131837497716325630514173548751612542701515344674160253253161432457215825125117133245721572512511812314871157250250191231507115625025020123153711562502502112315571156250250221231587115625025023123159701562502502412306270156249249251230657015624924926113067701562492492711306971156249249281130727315624924929113074751552492493012307876155249249 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 612062182252463634583660220321522224336045526613198211219243350445199141932072172423434371533518920421523933843112146186202213237333427985718320021023532942281681791962072333244186879175193204231320413587101711892022293164095071116718619822631240544112163182194222308401401131591781902183043973971415517418621430039339315152170183210296389389161481671792072933863861714516317620328938238218142160173200286379379191391571701972833763762013615416719428037337321133151164191277370370221301481611882743683682312714615818627136536524124143155183269362362251211401521802663593592611913715017726335635627116135147175260354354281141321451722583513512911113014217025634934930109127140167253346346 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 61014255016931632772014255016935824363116285516637218334120316016537114145323366616536111206527396816634790778304270166331750811344574166313629912374976166295535101439517716627746111154152781662604001215425479166260350131643548016626030814174455801662592731517445580166259259161744558016625925917174455801662592591817445580166259259191744558016625925920174455801662602602117445580166260260221744588016626026023174461801662602602417446380166259259251744668016625925926174468801662592592717447180165259259281744738016525825829174475801652582583017447880164258258

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 6100314131293301420161313033322493118161233481701413111912034813175141521119340104562416241193278497261927119312703826212911829659194724311182795041048273311826343411493036118247377124931381192323301341134401192172911451137421192122581561339441192132301661341461202132131761444491202132131861546511202142141971648531232142142071651551252152152171853571262152152281955581292162162381958611302162162482160631322162162592163651332162162692265671352162162710236868136216216281024707013721621629102473721382162163011267575140216216

Annex

ANNEX III Volatility adjustment to the relevant risk-free interest rate term structure CurrencyNational insurance marketVolatility adjustment (in bps)EuroAustria19EuroBelgium19EuroCyprus19EuroEstonia19EuroFinland19EuroFrance19EuroGermany19EuroGreece19EuroIreland19EuroItaly19EuroLatvia19EuroLithuania19EuroLuxembourg19EuroMalta19EuroNetherlands19EuroPortugal19EuroSlovakia19EuroSlovenia19EuroSpain19Czech korunaCzech Republic24Danish kroneDenmark15ForintHungary20KronaSweden-3KunaCroatia-1LevBulgaria35Pound sterlingUnited Kingdom24Romanian leuRomania5ZlotyPoland17KrónaIceland-6Norwegian kroneNorway5Swiss francLiechtenstein-3Swiss francSwitzerland-3Australian dollarAustralia5Canadian dollarCanada10Renminbi-yuanChina6 Hong Kong dollarHong Kong3US dollarUnited States52YenJapan2