ANNEX III
Volatility adjustment to the relevant risk-free interest rate term structure
Currency |
National insurance market |
Volatility adjustment (in bps) |
Euro |
Austria |
22 |
Euro |
Belgium |
22 |
Euro |
Cyprus |
22 |
Euro |
Estonia |
22 |
Euro |
Finland |
22 |
Euro |
France |
22 |
Euro |
Germany |
22 |
Euro |
Greece |
67 |
Euro |
Ireland |
22 |
Euro |
Italy |
22 |
Euro |
Latvia |
22 |
Euro |
Lithuania |
22 |
Euro |
Luxembourg |
22 |
Euro |
Malta |
22 |
Euro |
Netherlands |
22 |
Euro |
Portugal |
22 |
Euro |
Slovakia |
22 |
Euro |
Slovenia |
22 |
Euro |
Spain |
22 |
Czech koruna |
Czech Republic |
7 |
Danish krone |
Denmark |
62 |
Forint |
Hungary |
19 |
Krona |
Sweden |
4 |
Kuna |
Croatia |
11 |
Lev |
Bulgaria |
33 |
Pound sterling |
United Kingdom |
37 |
Romanian leu |
Romania |
2 |
Zloty |
Poland |
7 |
Króna |
Iceland |
11 |
Norwegian krone |
Norway |
16 |
Swiss franc |
Liechtenstein |
8 |
Swiss franc |
Switzerland |
8 |
Australian dollar |
Australia |
14 |
Canadian dollar |
Canada |
7 |
US dollar |
United States |
78 |
Yen |
Japan |
3 |