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EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures: end-June 2017
06/07/2017 16:00

‚ÄčToday, 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 June 2017.

The risk-free interest rates were calculated on the basis of an updated technical documentation published on 27 June 2017. The update relates to the peer country for Luxembourg that is used in the calculation of the fundamental spread for that country. The peer country for Luxembourg was changed from France to the Netherlands in order to ensure that the interest rate level for government bonds of Luxembourg and its peer country is sufficiently close.

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.