Примери за използване на Matching adjustment на Английски и техните преводи на Български
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(a) the matching adjustment shall be equal to the difference between-.
The impact of a reduction of the matching adjustment to zero;
The matching adjustment must be equal to the difference of the following.
(iii) the impact of a reduction of the matching adjustment to zero.
For each currency the matching adjustment referred to in Article 77b shall be calculated in accordance with the following principles.
The fundamental spreads for the calculation of the matching adjustment set out in Annex II.
The use of the matching adjustment to the relevant risk-free interest rate term structure in accordance with Articles 77b and 77c;
The use of external credit assessments in the calculation of the matching adjustment must be in accordance with Article 111(1)(n).
The matching adjustment must not include the fundamental spread reflecting the risks retained by the insurance or reinsurance undertaking;
For each relevant duration, credit quality andasset class a fundamental spread for the calculation of the matching adjustment referred to in Article 77c(1)(b);
Insurance or reinsurance undertakings that apply the matching adjustment to a portfolio of insurance orreinsurance obligations shall not revert back to an approach that does not include a matching adjustment.
Relevant risk-free interest rate term structures to calculate the best estimate, without any matching adjustment or volatility adjustment. .
Insurance or reinsurance undertakings that apply the matching adjustment to a portfolio of insurance or reinsurance obligations shall not revert back to an approach that does not include a matching adjustment. .
Specifications with respect to the requirements set out in Article 77c including assumptions andmethods to apply in the calculation of the matching adjustment and the fundamental spread;
When applying the matching adjustment or the volatility adjustment, the insurer must set up a liquidity plan projecting the incoming and outgoing cash flows in relation to the assets and liabilities subject to those adjustments. .
Insurance and reinsurance undertakings should publicly disclose the impact of the matching adjustment on their financial position to ensure adequate transparency.
The volatility adjustment shall not be applied with respect to insurance obligations where the relevant risk-free interest rate term structure to calculate the best estimate for those obligations includes a matching adjustment under Article 77b.
(3) Where a firm applies the matching adjustment or the volatility adjustment it must set up a liquidity plan projecting the incoming and outgoing cash-flows in relation to the assets and liabilities subject to those adjustments. .
(a) a relevant risk-free interest rate term structure to calculate the best estimate referred to in Article 77(2), without any matching adjustment or volatility adjustment; .
Undertakings that use the matching adjustment should identify, organise and manage the portfolio of assets and obligations separately from other parts of the business and should not therefore be permitted to meet risks arising elsewhere in the business using the assigned portfolio of assets.
In order to ensure consistent conditions of application of Article 77b,EIOPA shall develop draft implementing technical standards on the procedures for the approval of the application of a matching adjustment referred to in Article 77b(1).
The number of insurance andreinsurance undertakings applying the matching adjustment, the volatility adjustment, the extension of the recovery period in accordance with Article 138(4), the duration-based equity risk sub-module and the transitional measures set out in Articles 308c and 308d;
In order to ensure such uniform conditions, implementing powers should be conferred on the Commission to lay down relevant risk-free interest rate term structures to calculate the best estimate,fundamental spreads for the calculation of the matching adjustment and of the volatility adjustments. .
(6) An insurance undertaking orreinsurance undertaking which applies the matching adjustment referred to in Regulation 86 or the volatility adjustment referred to in Regulation 88, shall set up a liquidity plan projecting the incoming and outgoing cash flows in relation to the assets and liabilities subject to those adjustments. .
While this allows efficient portfolio management, the reduced transferability andscope for diversification between the assigned portfolio and the remainder of the undertaking need, for the purposes of the matching adjustment, to be reflected in adjustments to own funds and the SCR.
(c) notwithstanding point(a),the fundamental spread must be increased where necessary to ensure that the matching adjustment for assets with sub-investment grade credit quality does not exceed the matching adjustments for assets of investment grade credit quality and the same duration and asset class;
The matching adjustment shall not be applied with respect to insurance or reinsurance obligations where the relevant risk-free interest rate term structure to calculate the best estimate for those obligations includes a volatility adjustment under Article 77d or transitional measure on the risk-free interest rates under Article 308c.
The sensitivity of their technical provisions andeligible own funds to the assumptions underlying the calculation of the matching adjustment, including the calculation of the fundamental spread referred to in Article 77c(1)(b), and the possible effect of a forced sale of assets on their eligible own funds;
Where the matching adjustment referred to in Article 77b is applied, the description referred to in paragraph 1(d) shall include a description of the matching adjustment and of the portfolio of obligations and assigned assets to which the matching adjustment is applied, as well as a quantification of the impact of a change to zero of the matching adjustment on the undertaking's financial position.
Where the undertaking is not able to restore compliance with those conditions within two months of the date of non-compliance,it shall cease to apply the matching adjustment to any of its insurance or reinsurance obligations and shall not apply the matching adjustment for a period of a further 24 months.