ANNEX III
Volatility adjustment to the relevant risk-free interest rate term structure
Currency |
National insurance market |
Volatility adjustment (in bps) |
Euro |
Austria |
10 |
Euro |
Belgium |
10 |
Euro |
Cyprus |
10 |
Euro |
Estonia |
10 |
Euro |
Finland |
10 |
Euro |
France |
10 |
Euro |
Germany |
10 |
Euro |
Greece |
10 |
Euro |
Ireland |
10 |
Euro |
Italy |
10 |
Euro |
Latvia |
10 |
Euro |
Lithuania |
10 |
Euro |
Luxembourg |
10 |
Euro |
Malta |
10 |
Euro |
Netherlands |
10 |
Euro |
Portugal |
10 |
Euro |
Slovakia |
10 |
Euro |
Slovenia |
10 |
Euro |
Spain |
10 |
Czech koruna |
Czech Republic |
6 |
Danish krone |
Denmark |
34 |
Forint |
Hungary |
4 |
Krona |
Sweden |
4 |
Kuna |
Croatia |
8 |
Lev |
Bulgaria |
– 4 |
Pound sterling |
United Kingdom |
21 |
Romanian leu |
Romania |
4 |
Zloty |
Poland |
7 |
Króna |
Iceland |
18 |
Norwegian krone |
Norway |
29 |
Swiss franc |
Liechtenstein |
0 |
Swiss franc |
Switzerland |
0 |
Australian dollar |
Australia |
11 |
Canadian dollar |
Canada |
22 |
US dollar |
United States |
38 |
Yen |
Japan |
1 |