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Commission Implementing Regulation (EU) 2026/349 of 17 February 2026 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 December 2025 until 30 March 2026 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

Type Implementing Regulation
Publication 2026-02-18
State In force
Text As published
Department European Commission, FISMA
Source EUR-Lex
articles 2

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API
Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 85 98 119 181 294 557 1 335
2 91 104 125 188 300 563 1 102
3 95 109 130 186 299 562 914
4 98 112 134 190 299 563 764
5 101 117 141 195 302 565 646
6 104 121 145 201 303 566 566
7 106 124 148 205 304 567 567
8 107 126 150 205 305 569 569
9 109 128 151 206 306 570 570
10 110 129 152 206 307 570 570
11 110 130 152 206 306 570 570
12 110 130 151 205 306 569 569
13 109 129 150 204 305 568 568
14 108 128 149 203 303 567 567
15 106 127 147 201 302 565 565
16 105 125 146 200 300 564 564
17 103 124 144 199 299 562 562
18 102 123 143 197 298 561 561
19 101 121 141 196 296 560 560
20 99 120 140 194 295 558 558
21 97 118 138 193 293 557 557
22 96 116 137 191 291 555 555
23 94 115 135 189 290 553 553
24 92 113 133 187 288 551 551
25 90 111 131 185 286 549 549
26 88 109 129 184 284 548 548
27 87 107 128 182 282 546 546
28 85 106 126 180 281 544 544
29 83 104 124 178 279 542 542
30 82 102 122 177 277 541 541

2.16.   Hong Kong dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 13 26 47 109 222 485 1 191
2 15 28 49 112 224 487 967
3 19 33 53 109 223 486 794
4 21 36 57 113 223 486 661
5 24 39 63 117 224 487 557
6 25 42 67 122 224 488 488
7 26 44 69 125 224 488 488
8 26 45 69 124 224 488 488
9 27 46 69 124 224 488 488
10 27 47 69 124 224 488 488
11 27 47 69 123 224 487 487
12 28 48 69 123 224 487 487
13 27 48 69 123 223 487 487
14 27 48 68 122 223 486 486
15 27 47 67 122 222 486 486
16 26 47 67 121 222 485 485
17 26 46 67 121 221 485 485
18 26 46 67 121 221 485 485
19 26 46 67 121 221 485 485
20 26 46 67 121 221 485 485
21 26 47 67 121 222 485 485
22 26 47 67 121 222 485 485
23 26 46 67 121 222 485 485
24 26 46 67 121 221 485 485
25 26 46 67 121 221 485 485
26 25 46 66 120 221 484 484
27 26 46 66 120 221 484 484
28 27 46 66 120 221 484 484
29 28 45 66 120 220 484 484
30 28 45 65 120 220 484 484

2.17.   New Taiwan dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 9 30 93 205 468 1 163
2 1 9 31 93 205 469 946
3 2 12 32 89 202 465 777
4 4 14 35 91 201 464 647
5 4 16 39 94 200 463 545
6 6 17 42 97 199 463 465
7 7 19 43 99 199 462 462
8 8 19 43 98 198 462 462
9 9 19 42 97 197 461 461
10 10 19 42 96 197 460 460
11 11 20 42 96 197 460 460
12 12 21 42 96 197 460 460
13 13 22 42 96 197 460 460
14 14 22 42 97 197 461 461
15 15 23 43 97 198 461 461
16 16 23 43 97 198 461 461
17 17 23 44 98 199 462 462
18 17 24 44 99 199 463 463
19 18 25 45 99 200 463 463
20 19 26 46 100 201 464 464
21 20 27 47 101 202 465 465
22 21 27 48 102 202 466 466
23 23 28 48 102 203 466 466
24 23 28 49 103 203 467 467
25 24 29 49 103 204 467 467
26 25 29 49 104 204 467 467
27 26 29 50 104 204 468 468
28 26 30 50 104 205 468 468
29 27 30 50 104 205 468 468
30 28 30 50 104 205 468 468

2.18.   Renminbi-yuan

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 27 40 61 124 236 499 1 169
2 28 41 62 125 237 500 950
3 30 44 65 121 234 498 780
4 32 47 68 124 233 497 649
5 33 49 72 127 233 497 547
6 34 50 75 131 233 496 496
7 34 52 77 133 232 496 496
8 33 52 76 131 231 495 495
9 33 52 75 130 231 494 494
10 33 52 75 129 230 493 493
11 33 53 75 129 230 493 493
12 33 53 74 129 229 493 493
13 33 53 74 128 229 492 492
14 33 53 74 128 229 492 492
15 33 53 74 128 228 492 492
16 33 53 74 128 229 492 492
17 33 54 74 128 229 492 492
18 33 54 74 128 229 492 492
19 33 54 74 129 229 493 493
20 34 54 75 129 229 493 493
21 34 54 75 129 230 493 493
22 34 54 75 129 229 493 493
23 34 54 75 129 229 493 493
24 34 54 75 129 229 493 493
25 33 54 74 129 229 492 492
26 33 54 74 128 229 492 492
27 33 54 74 128 229 492 492
28 33 53 74 128 228 492 492
29 32 53 73 127 228 491 491
30 32 53 73 127 228 491 491

2.19.   US dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 7 24 46 95 227 490 1 210
2 7 24 46 95 227 490 982
3 9 28 49 92 225 488 807
4 12 33 53 91 225 488 672
5 16 38 58 94 225 489 566
6 18 41 62 92 226 489 489
7 19 44 62 88 226 489 489
8 18 43 62 88 226 490 490
9 19 45 64 91 226 490 490
10 21 48 66 94 226 489 489
11 23 50 68 96 226 489 489
12 24 52 69 97 226 489 489
13 26 54 69 98 226 489 489
14 26 55 70 98 226 489 489
15 26 55 70 98 226 489 489
16 26 55 70 98 226 489 489
17 26 55 70 98 226 489 489
18 26 55 70 98 226 489 489
19 26 55 70 98 226 489 489
20 26 55 70 98 226 490 490
21 26 55 70 98 226 490 490
22 26 55 70 98 226 490 490
23 26 55 70 98 226 489 489
24 26 55 70 98 226 489 489
25 26 55 70 98 225 489 489
26 26 55 70 98 225 489 489
27 26 55 70 98 225 488 488
28 27 55 70 98 224 488 488
29 28 55 70 98 224 487 487
30 29 55 70 98 224 487 487

2.20.   Yen

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 4 11 74 186 449 1 164
2 1 5 11 73 185 449 949
3 2 5 12 68 181 445 781
4 4 6 14 70 180 443 650
5 4 7 18 73 179 443 548
6 6 7 21 77 179 442 468
7 7 8 23 79 179 442 442
8 8 9 23 78 178 442 442
9 10 10 23 78 179 442 442
10 10 11 24 78 179 442 442
11 11 11 24 78 179 442 442
12 12 12 24 78 179 442 442
13 13 13 24 79 179 443 443
14 14 13 25 79 179 443 443
15 15 14 25 79 180 443 443
16 16 15 25 80 180 444 444
17 17 16 26 80 181 444 444
18 18 17 26 81 181 445 445
19 18 17 28 81 182 445 445
20 19 18 29 82 182 446 446
21 21 18 30 82 183 446 446
22 22 19 31 83 183 447 447
23 23 20 32 83 183 447 447
24 24 21 32 83 183 447 447
25 24 22 33 83 183 447 447
26 25 22 34 83 183 447 447
27 26 23 36 83 183 447 447
28 27 24 37 83 183 447 447
29 27 24 38 83 183 447 447
30 28 25 39 83 183 447 447

3. Other exposures

3.1.   Euro

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 1 13 20 40 150 294 3 117
2 1 13 20 40 150 336 2 343
3 1 14 22 44 146 352 1 780
4 1 15 25 48 144 354 1 381
5 3 17 28 51 144 346 1 096
6 4 20 30 54 144 333 890
7 6 22 32 56 144 318 736
8 6 23 34 58 144 302 618
9 6 24 35 60 144 285 526
10 7 25 37 62 144 268 453
11 7 25 37 63 144 252 393
12 8 26 38 63 144 237 344
13 8 26 38 63 144 234 303
14 8 26 38 63 144 234 268
15 8 26 39 63 144 234 238
16 8 26 42 63 144 234 234
17 8 26 44 63 144 234 234
18 8 26 46 63 144 234 234
19 8 26 49 63 144 234 234
20 8 26 52 63 144 234 234
21 8 26 53 63 144 234 234
22 9 26 56 63 144 234 234
23 9 26 58 63 144 234 234
24 9 26 61 63 144 234 234
25 10 26 63 63 144 234 234
26 10 26 66 65 144 234 234
27 10 26 68 67 144 234 234
28 11 26 71 69 144 234 234
29 11 26 73 71 144 234 234
30 12 27 75 72 144 234 234

3.2.   Czech koruna

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 15 27 34 53 164 300 3 185
2 16 28 35 54 165 343 2 394
3 16 28 37 59 161 359 1 819
4 15 29 39 62 158 360 1 410
5 16 30 41 64 157 353 1 120
6 17 32 43 66 156 340 908
7 17 34 44 67 156 324 751
8 17 34 45 69 155 308 631
9 17 34 46 71 155 290 537
10 17 35 47 72 154 273 462
11 17 35 47 72 153 257 401
12 16 35 47 72 153 243 350
13 16 34 46 71 152 243 308
14 15 34 46 71 152 242 273
15 15 33 45 71 152 242 243
16 15 33 45 70 151 241 241
17 15 33 45 70 151 241 241
18 15 33 47 70 151 241 241
19 15 33 49 70 151 242 242
20 15 33 52 71 152 242 242
21 15 34 54 71 152 242 242
22 15 34 57 71 152 242 242
23 16 34 60 71 152 242 242
24 16 34 62 71 152 242 242
25 15 34 64 71 152 242 242
26 15 34 66 71 152 242 242
27 15 33 68 71 152 242 242
28 15 33 71 71 152 242 242
29 15 33 74 72 151 242 242
30 15 33 77 74 151 242 242

3.3.   Danish krone

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 1 13 20 39 150 294 3 117
2 1 13 20 39 150 336 2 342
3 1 14 22 44 146 352 1 780
4 1 15 25 48 144 353 1 381
5 2 17 28 50 144 346 1 096
6 4 19 30 53 144 333 890
7 6 22 32 55 144 318 736
8 6 23 33 58 144 302 618
9 6 24 35 60 144 285 526
10 7 25 37 62 144 268 453
11 7 25 37 63 144 252 393
12 7 26 38 63 144 236 344
13 7 26 38 63 144 234 303
14 7 26 38 63 144 234 268
15 7 26 39 63 144 234 238
16 7 26 42 63 144 234 234
17 7 26 44 63 144 234 234
18 7 26 46 63 144 234 234
19 7 26 49 63 144 234 234
20 8 26 52 63 144 234 234
21 8 26 53 63 144 234 234
22 9 26 56 63 144 234 234
23 9 26 58 63 144 234 234
24 9 26 61 63 144 234 234
25 10 26 63 63 144 234 234
26 10 26 66 65 144 234 234
27 10 26 68 67 144 234 234
28 11 26 71 69 144 234 234
29 11 26 73 71 144 234 234
30 12 27 75 72 144 234 234

3.4.   Forint

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 73 85 92 112 222 314 3 321
2 70 83 89 109 220 356 2 498
3 73 85 93 116 217 373 1 898
4 71 85 94 118 214 375 1 472
5 70 85 96 118 212 367 1 168
6 70 86 97 120 210 353 948
7 70 87 97 120 209 337 784
8 70 87 98 122 208 320 658
9 70 87 98 123 207 302 560
10 67 85 97 122 204 295 482
11 66 84 96 121 202 293 418
12 65 83 95 120 201 292 366
13 64 82 94 120 201 291 322
14 64 82 94 119 200 291 291
15 64 82 94 119 200 291 291
16 63 82 93 119 200 290 290
17 63 81 93 119 200 290 290
18 63 81 93 118 199 289 289
19 62 80 92 118 198 289 289
20 62 80 92 117 198 288 288
21 61 79 91 116 197 288 288
22 60 78 90 116 196 287 287
23 59 77 89 115 196 286 286
24 58 76 88 114 195 285 285
25 57 75 87 113 194 284 284
26 56 74 86 112 193 283 283
27 55 73 85 111 192 282 282
28 54 72 84 110 190 281 281
29 53 71 83 109 189 280 280
30 52 70 82 108 188 279 279

3.5.   Krona

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 5 17 23 43 154 294 3 112
2 6 18 25 45 155 336 2 340
3 7 20 28 50 152 352 1 778
4 8 22 31 55 151 353 1 380
5 9 24 35 57 151 346 1 096
6 11 26 37 60 151 333 889
7 12 28 39 62 150 318 736
8 12 29 40 64 150 302 618
9 12 30 41 66 150 285 526
10 12 30 42 68 149 268 453
11 13 31 43 68 149 252 393
12 13 31 43 69 149 240 344
13 13 31 43 69 150 240 302
14 13 32 43 69 150 240 268
15 13 32 44 69 150 240 240
16 13 32 44 69 150 240 240
17 14 32 44 69 150 241 241
18 14 32 46 70 151 241 241
19 14 33 49 70 151 241 241
20 15 33 52 71 151 242 242
21 15 34 53 71 152 242 242
22 16 34 56 71 152 242 242
23 16 34 58 71 152 243 243
24 16 34 61 71 152 243 243
25 16 34 63 71 152 243 243
26 16 34 66 71 152 243 243
27 16 34 68 71 152 242 242
28 16 34 71 71 152 242 242
29 15 34 73 71 152 242 242
30 15 34 75 72 152 242 242

3.6.   Lev

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 12 19 39 149 294 3 115
2 0 12 19 39 149 336 2 341
3 1 13 21 44 145 352 1 779
4 1 14 24 47 143 353 1 380
5 2 16 27 50 143 346 1 095
6 3 19 30 53 143 333 889
7 5 21 31 55 143 318 735
8 5 22 33 57 143 302 618
9 6 23 34 59 143 285 526
10 6 24 36 61 143 268 452
11 6 25 37 62 143 252 393
12 7 25 37 62 143 236 343
13 7 25 37 62 143 233 302
14 7 25 37 62 143 233 268
15 7 25 39 62 143 233 238
16 7 25 42 62 143 233 233
17 7 25 44 62 143 233 233
18 7 25 46 62 143 233 233
19 7 25 49 62 143 233 233
20 8 25 52 62 143 233 233
21 8 25 53 62 143 233 233
22 9 25 56 62 143 234 234
23 9 25 58 62 143 234 234
24 9 25 61 62 143 234 234
25 10 25 63 63 143 234 234
26 10 25 66 65 143 234 234
27 10 25 68 67 143 234 234
28 11 25 71 69 143 234 234
29 11 26 73 71 143 234 234
30 12 27 75 72 143 234 234

3.7.   Pound sterling

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 10 21 44 169 301 3 192
2 0 10 21 44 169 343 2 396
3 1 11 23 48 165 359 1 819
4 1 13 26 54 162 360 1 410
5 1 16 29 57 161 352 1 119
6 2 19 33 59 160 339 908
7 4 22 37 60 159 324 751
8 7 25 38 60 158 307 631
9 9 31 43 59 157 290 537
10 12 34 43 59 156 273 462
11 11 34 43 59 155 257 401
12 10 33 43 59 155 245 351
13 9 32 44 60 154 245 309
14 9 32 44 60 154 244 273
15 9 32 45 60 153 243 243
16 9 32 45 60 152 242 242
17 9 32 45 60 151 242 242
18 9 32 48 60 151 241 241
19 9 32 49 60 151 241 241
20 9 32 52 60 151 241 241
21 10 32 54 60 151 241 241
22 10 32 57 60 151 241 241
23 10 32 60 60 150 241 241
24 10 33 62 62 150 240 240
25 10 33 65 64 149 239 239
26 10 33 67 66 149 239 239
27 11 33 70 68 148 238 238
28 11 33 72 70 147 238 238
29 11 33 74 72 147 237 237
30 12 33 77 74 146 237 237

3.8.   Romanian leu

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 77 89 95 115 226 318 3 324
2 76 88 95 115 225 357 2 502
3 76 88 97 119 221 374 1 902
4 75 88 98 122 217 376 1 475
5 74 89 100 122 216 368 1 171
6 74 90 101 124 214 354 949
7 74 91 101 124 213 338 785
8 73 90 100 125 211 320 658
9 72 89 100 125 209 302 560
10 71 89 101 126 208 298 481
11 70 88 100 126 207 297 417
12 69 87 99 124 205 296 365
13 67 86 98 123 204 294 320
14 66 84 96 122 202 293 293
15 65 83 95 120 201 292 292
16 64 82 94 119 200 291 291
17 63 81 93 118 199 290 290
18 62 80 92 117 198 289 289
19 61 79 91 117 197 288 288
20 60 78 90 116 197 287 287
21 59 77 89 115 196 286 286
22 58 76 88 114 195 285 285
23 57 75 87 113 193 284 284
24 56 74 86 111 192 283 283
25 55 73 85 110 191 281 281
26 54 72 84 109 190 280 280
27 52 71 83 108 189 279 279
28 51 70 81 107 188 278 278
29 50 68 80 106 187 277 277
30 49 67 79 105 186 276 276

3.9.   Zloty

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 50 62 68 88 199 300 3 181
2 50 62 68 88 199 344 2 399
3 50 62 71 93 194 361 1 827
4 50 63 73 96 192 363 1 420
5 50 64 75 98 191 356 1 129
6 50 65 76 99 190 343 917
7 50 67 77 100 189 328 759
8 50 67 77 101 188 312 638
9 49 67 78 103 187 294 543
10 49 66 78 104 186 277 467
11 48 66 78 104 185 275 406
12 48 66 78 103 184 275 355
13 47 65 77 103 183 274 312
14 46 65 77 102 183 273 276
15 46 64 76 101 182 273 273
16 45 63 75 101 182 272 272
17 45 63 75 100 181 271 271
18 44 62 74 100 181 271 271
19 44 62 74 99 180 271 271
20 44 62 74 99 180 270 270
21 43 61 73 99 180 270 270
22 43 61 73 98 179 269 269
23 42 60 72 98 179 269 269
24 41 60 72 97 178 268 268
25 41 59 71 96 177 268 268
26 40 58 70 96 176 267 267
27 39 58 70 95 176 266 266
28 38 57 72 94 175 265 265
29 38 56 74 93 174 265 265
30 37 55 77 93 173 264 264

3.10.   Króna

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 86 99 105 125 235 327 3 372
2 86 98 104 124 235 360 2 529
3 84 97 105 127 229 376 1 917
4 83 96 106 130 225 377 1 483
5 83 97 108 131 224 368 1 175
6 83 99 110 133 223 354 951
7 84 101 111 134 223 337 785
8 84 101 112 136 222 320 659
9 85 102 113 139 222 313 560
10 85 103 115 140 222 312 481
11 85 103 115 140 221 312 417
12 84 102 114 140 220 311 364
13 83 101 113 139 219 310 320
14 82 100 112 137 218 309 309
15 81 99 111 136 217 307 307
16 80 98 110 135 216 306 306
17 79 97 109 134 215 305 305
18 78 96 108 133 214 304 304
19 76 95 107 132 213 303 303
20 75 94 106 131 212 302 302
21 74 92 104 130 211 301 301
22 73 91 103 128 209 300 300
23 71 90 102 127 208 298 298
24 70 88 100 126 206 297 297
25 69 87 99 124 205 295 295
26 67 85 97 123 203 294 294
27 66 84 96 121 202 292 292
28 64 82 94 120 201 291 291
29 63 81 93 118 199 289 289
30 61 80 91 117 198 288 288

3.11.   Norwegian krone

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 26 38 44 64 175 303 3 217
2 27 39 45 65 176 346 2 416
3 26 39 47 69 171 362 1 833
4 25 39 49 72 168 362 1 420
5 26 40 51 74 167 354 1 126
6 26 42 53 76 166 341 913
7 27 44 54 77 166 325 754
8 27 44 54 79 165 308 633
9 27 44 55 80 164 291 539
10 26 44 56 82 163 274 463
11 26 44 56 82 163 257 402
12 26 44 56 81 162 253 351
13 25 43 55 81 162 252 309
14 25 43 55 80 161 251 273
15 24 42 54 80 161 251 251
16 24 42 54 79 160 250 250
17 23 42 54 79 160 250 250
18 23 41 53 79 160 250 250
19 23 41 53 79 160 250 250
20 23 41 53 79 160 250 250
21 23 42 54 79 160 250 250
22 23 41 57 79 160 250 250
23 23 41 59 79 159 250 250
24 23 41 61 78 159 250 250
25 23 41 63 78 159 249 249
26 22 41 66 78 159 249 249
27 22 40 68 77 158 249 249
28 22 40 71 77 158 248 248
29 21 40 73 77 158 248 248
30 21 39 77 77 157 248 248

3.12.   Swiss franc

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 0 3 20 130 285 3 012
2 0 1 6 21 131 326 2 261
3 1 1 8 26 128 341 1 717
4 1 3 11 30 126 342 1 332
5 1 4 13 32 126 335 1 058
6 2 4 16 35 126 323 859
7 2 5 19 37 126 308 710
8 2 7 21 40 126 292 597
9 3 7 24 42 126 276 508
10 4 9 26 44 126 259 437
11 4 9 28 46 127 244 380
12 4 10 31 45 126 229 332
13 4 11 33 45 126 217 292
14 5 12 35 45 126 217 259
15 6 13 38 44 125 216 230
16 6 14 41 44 125 215 215
17 6 15 42 46 125 215 215
18 6 15 45 49 125 215 215
19 7 17 47 50 125 216 216
20 7 17 49 53 126 216 216
21 7 19 52 54 126 216 216
22 9 19 54 56 126 217 217
23 9 20 57 57 126 216 216
24 9 21 59 60 127 216 216
25 10 22 61 62 128 216 216
26 10 23 63 63 129 216 216
27 10 24 66 65 130 216 216
28 11 24 68 67 131 216 216
29 11 25 70 69 132 216 216
30 11 26 73 70 134 216 216

3.13.   Australian dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 37 49 56 76 186 303 3 219
2 38 50 56 76 187 346 2 422
3 37 50 58 81 182 363 1 839
4 37 51 61 84 180 364 1 426
5 38 52 63 86 179 356 1 132
6 39 54 65 88 178 343 918
7 40 56 66 89 178 328 759
8 39 56 67 91 177 311 638
9 39 57 68 93 177 293 542
10 39 57 69 94 176 276 467
11 39 57 69 94 175 266 405
12 38 57 68 94 175 265 354
13 38 56 68 93 174 265 312
14 37 56 67 93 174 264 276
15 37 55 67 92 173 264 264
16 36 55 66 92 173 263 263
17 36 54 66 92 172 263 263
18 36 54 66 91 172 262 262
19 35 53 65 91 172 262 262
20 35 53 65 91 171 262 262
21 35 53 65 90 171 262 262
22 34 53 64 90 171 261 261
23 34 52 64 89 170 261 261
24 33 51 63 89 169 260 260
25 32 51 65 88 169 259 259
26 32 50 67 87 168 258 258
27 31 49 70 86 167 258 258
28 30 48 72 86 166 257 257
29 29 48 74 85 166 256 256
30 29 47 77 84 165 255 255

3.14.   Canadian dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 14 26 32 52 163 295 3 132
2 15 27 33 53 164 338 2 355
3 15 28 36 59 160 354 1 790
4 16 29 39 62 158 355 1 388
5 17 31 42 65 158 348 1 102
6 18 33 44 68 158 335 895
7 20 36 46 69 158 320 740
8 20 37 47 72 158 303 622
9 20 38 49 74 158 287 529
10 21 39 51 76 158 270 455
11 21 39 51 77 158 253 395
12 21 40 52 77 158 248 346
13 22 40 52 77 158 248 304
14 22 40 52 77 158 248 269
15 22 40 52 77 158 248 248
16 21 40 52 77 158 248 248
17 21 40 52 77 158 248 248
18 21 40 52 77 158 248 248
19 21 40 52 77 158 248 248
20 22 40 52 77 158 248 248
21 21 40 54 77 158 248 248
22 21 39 56 77 158 248 248
23 21 39 58 76 157 248 248
24 20 39 61 76 157 247 247
25 20 38 63 75 156 247 247
26 19 38 66 75 156 246 246
27 19 37 68 74 155 246 246
28 19 37 71 74 155 245 245
29 18 36 73 74 155 245 245
30 18 36 75 73 154 245 245

3.15.   Colombian peso

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 80 93 99 119 230 330 3 536
2 87 99 105 125 236 383 2 701
3 89 102 110 132 234 405 2 070
4 90 104 114 137 233 408 1 611
5 94 108 119 142 235 401 1 280
6 97 112 123 146 237 386 1 038
7 99 116 126 149 238 369 857
8 101 118 128 153 239 350 719
9 102 120 131 156 240 330 611
10 103 121 133 158 240 331 524
11 103 122 134 159 240 330 454
12 103 121 133 158 239 330 396
13 102 120 132 157 238 329 348
14 100 119 131 156 237 327 327
15 99 117 129 155 235 326 326
16 98 116 128 153 234 324 324
17 96 115 126 152 233 323 323
18 95 113 125 150 231 322 322
19 93 112 123 149 230 320 320
20 92 110 122 147 228 319 319
21 90 109 120 146 227 317 317
22 89 107 119 144 225 315 315
23 87 105 117 142 223 314 314
24 85 103 115 141 221 312 312
25 83 101 113 139 220 310 310
26 81 100 111 137 218 308 308
27 80 98 110 135 216 306 306
28 78 96 108 133 214 305 305
29 76 94 106 132 212 303 303
30 74 93 105 130 211 301 301

3.16.   Hong Kong dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 8 21 27 47 157 295 3 133
2 11 23 29 49 160 337 2 350
3 13 25 33 56 157 353 1 784
4 14 28 37 61 157 354 1 383
5 16 30 41 64 157 346 1 098
6 18 33 44 67 158 333 891
7 20 36 46 69 158 318 737
8 20 37 48 72 158 302 619
9 20 38 49 74 158 285 527
10 21 39 50 76 158 268 453
11 21 39 51 77 158 252 393
12 21 39 51 76 157 248 344
13 20 39 51 76 157 247 303
14 20 38 50 75 156 247 268
15 19 38 50 75 156 246 246
16 19 37 49 74 155 246 246
17 19 37 49 74 155 245 245
18 18 37 49 74 155 245 245
19 18 37 49 74 155 245 245
20 19 37 52 74 155 245 245
21 19 37 53 74 155 246 246
22 19 37 56 74 155 246 246
23 19 37 58 74 155 246 246
24 19 37 61 74 155 245 245
25 18 37 63 74 155 245 245
26 18 36 66 74 155 245 245
27 18 36 68 74 154 245 245
28 18 36 71 73 154 245 245
29 18 36 73 73 154 244 244
30 17 36 75 73 154 244 244

3.17.   New Taiwan dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 4 10 30 141 289 3 057
2 0 4 10 30 141 330 2 295
3 1 5 13 35 137 345 1 742
4 1 5 15 39 134 346 1 350
5 1 7 18 40 134 338 1 071
6 2 8 19 43 133 326 869
7 2 10 21 44 132 311 718
8 2 11 21 45 132 294 603
9 3 11 24 47 131 278 513
10 4 11 26 49 130 261 441
11 4 12 28 49 130 246 383
12 4 12 31 49 130 230 335
13 5 12 34 50 130 221 295
14 5 13 36 50 131 221 261
15 6 13 38 50 131 222 232
16 6 14 41 51 131 222 222
17 6 15 43 51 132 223 223
18 6 15 45 52 133 223 223
19 7 17 48 53 134 224 224
20 7 17 50 54 134 225 225
21 8 19 52 54 135 226 226
22 9 19 54 57 136 226 226
23 9 20 57 58 136 227 227
24 9 21 59 60 137 227 227
25 10 22 62 62 137 228 228
26 10 23 64 64 138 228 228
27 10 24 67 65 138 228 228
28 11 25 69 67 138 229 229
29 11 26 72 69 138 229 229
30 11 26 74 71 139 229 229

3.18.   Renminbi-yuan

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 23 35 41 61 172 290 3 071
2 24 36 42 62 173 331 2 305
3 24 37 45 67 169 347 1 749
4 24 38 48 71 167 348 1 356
5 25 40 51 73 167 340 1 076
6 26 42 53 76 166 327 873
7 27 44 54 77 166 312 721
8 27 44 54 79 165 296 606
9 27 44 55 81 164 279 515
10 27 45 56 82 164 263 443
11 26 45 57 82 163 254 385
12 26 44 56 82 163 253 337
13 26 44 56 82 162 253 297
14 26 44 56 81 162 253 263
15 26 44 56 81 162 252 252
16 26 44 56 81 162 252 252
17 26 44 56 81 162 253 253
18 26 44 56 82 163 253 253
19 26 45 56 82 163 253 253
20 27 45 57 82 163 253 253
21 27 45 57 82 163 253 253
22 27 45 57 82 163 253 253
23 27 45 57 82 163 253 253
24 26 45 60 82 163 253 253
25 26 45 62 82 163 253 253
26 26 44 65 82 162 253 253
27 26 44 67 81 162 253 253
28 25 44 69 81 162 252 252
29 25 43 72 81 162 252 252
30 25 43 74 80 161 252 252

3.19.   US dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 14 25 49 163 300 3 186
2 0 14 25 49 163 342 2 390
3 1 17 28 54 160 358 1 814
4 2 20 31 59 158 359 1 406
5 4 23 36 65 159 351 1 116
6 6 27 39 67 159 339 905
7 9 31 42 70 160 323 749
8 11 35 46 73 160 306 629
9 13 38 50 76 160 289 535
10 15 40 52 77 160 272 460
11 16 41 53 78 160 256 400
12 16 43 54 79 160 250 350
13 17 44 55 80 160 250 308
14 18 45 56 80 159 250 272
15 18 45 56 80 159 250 250
16 18 45 56 80 159 250 250
17 18 45 56 80 159 250 250
18 18 45 56 80 159 250 250
19 18 45 56 80 159 250 250
20 18 45 56 80 160 250 250
21 18 45 56 80 160 250 250
22 18 45 57 80 160 250 250
23 18 45 60 80 160 250 250
24 18 45 62 80 159 250 250
25 18 45 64 80 159 249 249
26 18 45 66 80 159 249 249
27 18 45 68 80 158 249 249
28 18 45 71 80 158 248 248
29 18 45 74 80 158 248 248
30 18 45 77 80 157 248 248

3.20.   Yen

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 0 4 11 122 289 3 059
2 0 1 6 13 121 331 2 302
3 1 1 8 15 116 347 1 750
4 1 3 11 18 113 348 1 358
5 1 4 14 21 113 341 1 078
6 2 5 17 23 112 328 875
7 2 6 19 26 112 313 724
8 2 7 21 27 112 297 608
9 4 7 24 30 112 281 518
10 4 9 27 32 112 264 446
11 4 9 29 35 112 248 387
12 4 10 31 37 113 233 339
13 5 11 34 39 113 219 298
14 5 12 36 41 113 205 264
15 6 13 39 43 113 204 235
16 6 14 41 45 114 204 210
17 6 15 43 48 116 205 205
18 6 16 46 49 118 205 205
19 7 17 48 51 120 206 206
20 8 17 50 53 122 206 206
21 8 19 53 55 124 207 207
22 9 19 56 57 126 207 207
23 9 21 58 59 128 207 207
24 9 21 60 60 129 207 207
25 10 22 62 63 131 207 207
26 10 23 65 65 132 207 207
27 10 24 67 67 133 207 207
28 11 25 70 68 134 207 207
29 11 26 72 70 136 207 207
30 12 27 74 72 136 207 207

ANNEX III

Volatility adjustment to the relevant risk-free interest rate term structure

Currency National insurance market Volatility adjustment (in bps)
Euro Austria 14
Euro Belgium 14
Euro Croatia 14
Euro Cyprus 14
Euro Estonia 14
Euro Finland 14
Euro France 14
Euro Germany 14
Euro Greece 14
Euro Ireland 14
Euro Italy 14
Euro Latvia 14
Euro Lithuania 14
Euro Luxembourg 14
Euro Malta 14
Euro Netherlands 14
Euro Portugal 14
Euro Slovakia 14
Euro Slovenia 14
Euro Spain 14
Czech koruna Czechia 16
Danish krone Denmark 18
Forint Hungary 7
Krona Sweden –1
Lev Bulgaria 2
Pound sterling United Kingdom 35
Romanian leu Romania 2
Zloty Poland 6
Króna Iceland 36
Norwegian krone Norway 30
Swiss franc Liechtenstein –4
Swiss franc Switzerland –4
Australian dollar Australia 26
Canadian dollar Canada 13
Renminbi-yuan China –2
Hong Kong dollar Hong Kong 1
US dollar United States 37
Yen Japan 11

ELI: http://data.europa.eu/eli/reg_impl/2026/349/oj

ISSN 1977-0677 (electronic edition)

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