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TP(life,4) denotes the technical provisions without a risk margin for all other life insurance and reinsurance obligations, after deduction of the amounts recoverable from reinsurance contracts and special purpose vehicles, with a floor equal to zero;Imagine following situation:Net BEL + net TP as...

In Article 192, the wording indicates that the LGD is calculated at contract level. Therefore, for a single counterparty, the floor by zero is applied for each related contract, and a gain following the default can not compensate a loss.However, in helpertab, the floor at zero is applied per...

Is the concept of contract boundaries relevant to determine the scope of premiums to be accounted for in Ps, FP_existing and FP_future?

Article 188 of the delegated acts require an entity to calculate currency risk by applying 25% up or down shock to the foreign currency that would result in loss in basic own funds.The market risk module shall reflect the risk arising from the level or volatility of market prices of financial...

Additional guideline requested for the appication of the Look Through approach- First If you are an insurance company and owns e.g. 10% in another insurance company, should you then apply the look-through approach ?- Secondly if in the same situation the 10% share that you own concerns a listed...

My doubt is about art. 165, par. 2, of the Delegated Regulation 2015/35: if my understanding is correct, according to this provision, when the SCR and the nSCR for interest rate risk are not based on the same scenario, the first one shall be calculated based on the scenario that is relevant for...

I would like to kindly ask you for a confirmation of my understanding of Article 4, paragraph 4, letter (f).I will show it on a short example:- company nominated three ECAIs to be used for the calculation of the SCR according to the standard formula- let's consider a situation when we need to...

We are an Alternative Investment Fund Managers managing a closed-end reserved alternative investment fund (the Fund) which invests exclusively in plants for the production of electricity with photovoltaic technology. The Fund invests only in plants which are already in operation and connected to...

I have a question on calculation of PD on the level of group of (dependent) counterparties (commonly refered to as "single name exposure").Does paragraph 1 means that I need to assign each exposure a PD (based on the CQS of that exposures) and then agregate it (using weighted averge) to the level...