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EIOPA Publishes Monthly Technical Information for Solvency II Relevant Risk-Free Interest Rate Term Structures: End-April 2017
08/05/2017 12:00

EIOPA Publishes Monthly Technical Information for Solvency II Relevant Risk-Free Interest Rate Term Structures: End-April 2017

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of April 2017.

This RFR information is based on the updated Technical Documentation published on 4 May 2017.

In the updated technical documentation government bond tickers used in the calculation were replaced. This update was required due to the download termination of the ticker data by the data provider. New tickers provide the same information as the tickers used so far. They are to be applied as of 1 April 2017.

 

The related information can be obtained via the dedicated section on EIOPA's Website.

 

Background

Technical information relating to risk-free interest rate (RFR) term structures is used for the calculation of the technical provisions for (re)insurance obligations. 

In line with the Solvency II Directive, EIOPA publishes technical information relating to RFR term structures on a monthly basis via a dedicated section on EIOPA's Website also containing the provisional release calendar for 2017, the RFR Technical Documentation, the RFR coding and Frequently Asked Questions.

By this publication EIOPA ensures consistent calculation of technical provisions across Europe.