Article 165
The following minimum PDs shall apply:
(a)
0,09 % for exchange traded equity exposures where the investment is part of a long-term customer relationship;
(b)
0,09 % for non-exchange traded equity exposures where the returns on the investment are based on regular and periodic cash flows not derived from capital gains;
(c)
0,40 % for exchange traded equity exposures including other short positions as set out in Article 155(2);
(d)
1,25 % for all other equity exposures including other short positions as set out in Article 155(2).
2.
3.
M assigned to all exposures shall be five years.