Article 361
Extended maturity ladder approach
Institutions may use the minimum spread, carry and outright rates set out in the following Table 2 instead of those indicated in Article 359 provided that the institutions:
(a)
undertake significant commodities business;
(b)
have an appropriately diversified commodities portfolio.
Table 2
|
|
Precious metals (except gold) |
Base metals |
Agricultural products (softs) |
Other, including energy products |
|
Spread rate (%) |
1,0 |
1,2 |
1,5 |
1,5 |
|
Carry rate (%) |
0,3 |
0,5 |
0,6 |
0,6 |
|
Outright rate (%) |
8 |
10 |
12 |
15 |
Institutions shall notify the use they make of this Article to their competent authorities.