Legal References & Comments. ID Label Amount. (a) 1 TOTAL OWN FUNDS FOR SOLVENCY PURPOSES

Transcription

1 ID Label Amount 1 TOTAL OWN FUNDS FOR SOLVENCY PURPOSES (a) Legal References & Comments = = ORIGINAL OWN FUNDS Eligible Tier 1 capital Eligible Capital *** Of which: Instruments ranking pari passu Recital 4 of Directive 2009/111/EC and Article 57 (a) of amended Directive 2006/48/EC: with ordinary shares Instruments that are regarded under national law as equity capital, rank pari passu with ordinary shares during liquidation and fully absorb losses on a going concern basis pari passu with ordinary shares. PLEASE REPORT BOTH THE NOMINAL AMOUNT OF THE PAID IN INSTRUMENTS AND THE PREMIUM ATTACHED TO IT. Exclude from this item those instruments that provide preferential rights for dividend payment on a non-cumulative basis (see item 1.1.1****). Include instruments issued by mutual cooperative or similar institutions which are deemed to be equivalent to ordinary shares in terms of capital qualities **** Of which: Instruments providing preferential rights for dividend payment on a noncumulative basis Recital 4 of Directive 2009/111/EC and Article 57(a) of amended Directive 2006/48/EC : Instruments providing preferential rights for dividend payment on a non-cumulative basis, provided that they are included in Article 22 of Council Directive 86/635/EEC, rank pari passu with ordinary shares during liquidation and fully absorb losses on a going concern basis pari passu with ordinary shares; PLEASE REPORT BOTH THE NOMINAL AMOUNT OF THE PAID IN INSTRUMENTS AND THE PREMIUM ATTACHED TO IT Exclude from this item those instruments that rank pari passu with ordinary shares (see item 1.1.1***). Include instruments issued by mutual co-operative or similar institutions which are deemed to be equivalent to instruments which provide preferential rights for dividend payment on a non-cumulative basis provided that they are included in Article 22 of Directive 86/635/EEC, rank pari passu with ordinary shares during liquidation and fully absorb losses on a goingconcern basis pari passu with ordinary shares Paid up capital Article 57, sentence 1 lit.(a) of FINREP: Paid in capital (-) Own shares Article 57, sentence 2 lit. (i) of Directive 2006/48/EC FINREP: Treasury shares Share premium Article 57, sentence 1 lit. (a) of Directive 2006/48/EC FINREP: Share premium Other instruments eligible as capital Article 57, sentence 1 lit.(a) of Directive 2006/48/EC even if the instruments are classified as debt under the IAS-type accounting rules. See also Guidelines on Prudential Filters for Regulatory Capital (CEBS, ) due to the FINREP: Includes amongst others the item "Other equity:other" and "share capital repayable on demand (e.g. cooperative shares)" Eligible Reserves a b Reserves = Article 57 sentence 1 lit.(b) of Directive 2006/48/EC, including profit and losses brought forward as a result of the application of the final profit or loss. Article 65 (1) lit. (b), (c) and (d) and (2) of Directive 2006/48/EC FINREP: Reserve+Revaluation reserves (excludes the valuation differences included in ) Reserves (including valuation FINREP: Reserve+Revaluation reserves differences) Part of reserves to be filtered out to Component of reserves subject to prudential filters valuation differences Minority interest = Article 65 (1) lit. (a) and (2) of FINREP: Minority interest (excludes the valuation differences included in ) ***01 Of which: Hybrid instruments that must be Article 65 (1) point a) in conjuction with Article 66 (1a) lit. (a) of amended Directive 2006/48/EC, as long as they comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of amended ***02 Of which: Hybrid instruments (undated, without Article 65(1) point a) in conjuction with Article 66 (1a) lit. (b) of amended Directive 2006/48/EC, as long as they comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of ***03 Of which: Hybrid instruments (dated or Article 65(1) point a) in conjuction with Article 66 (1a) lit. (c) of amended Directive 2006/48/EC, as long as they comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of ***04 Of which: Grandfathered instruments without Instruments without incentive to redeem, issued indirectly, that are grandfathered in accordance with Article 154 (8) of amended Directive 2006/48/EC and instruments which do not comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of amended Directive 2006/48/EC and are grandfathered in accordance with Article 154 (9) of ***05 Of which: Grandfathered instruments with Instruments with incentive to redeem, issued indirectly, and that are grandfathered in accordance with Article 154 (8) of amended Directive 2006/48/EC and instruments which do not comply with the requirements of Article 63a and 63 (2) lit. (a), (c), (d) and (e) of amended Directive 2006/48/EC and are grandfathered in accordance with Article 154 (9) of amended FINREP: Minority interest Minority interest (including valuation differences) Part of minority interest to be filtered Component of minority interest subject to prudential filters out to valuation differences (-) Adjustment to minority interest Minority interest not eligible as original own funds Interim profits = Article 57, sentence 3 of Directive 2006/48/EC (starting "For the purposes.") Income (positive) from current year FINREP: Part of (positive Income from current year - interim dividends), when verified by persons responsible for the auditing of the accounts according to Article 57, sentence 3 of Part of Income (positive) of the current Component of the Income (positive) from the current year subject to prudential filter in year to be filtered out to valuation differences a (-) Material losses of the current = Min [( a a.02); 0] if material according to article 57, sentence 2 lit. (k) of financial year a.01 Income from current year when it is FINREP: (Part of) Income - interim dividends when conditions i n Art 57, sentence unaudited 3 of Directive 2006/48/EC are not fulfilled and so the amount has not been verified by persons responsible for the auditing of the accounts a.02 Part of the unaudited income from the Component of the unaudited Income from current year subject to prudential filter in current year to be filtered out to valuation differences b Interim profits or material losses of = b b.02 the current financial year Article 57, sentence 3 of Directive 2006/48/EC if positive or Article 57, sentence 2 lit (k) of Directive 2006/48/EC if negative b.01 (-) Income (negative) from current year FINREP: Negative Income from current year - interim dividends, when verified by persons responsible for the auditing of the accounts b.02 Part of Income (negative) from current Component of the Income (negative) from current year subject to prudential filter in year to be filtered out to valuation differences (-) Net gains from capitalisation of Article 57, sentence 4 of Directive 2006/48/EC future margin income from securitisations Valuation differences eligible as i, i = 01 to 16 original own funds For reporting purposes all valuation differences must be included in this item. Nevertheless, this does not preclude the whole amount of an item being transferred to Valuation differences in AFS equities Includes the cash flow hedges related to AFS equities (see also ) Adjustment to Valuation differences in AFS equities Valuation differences in AFS loans and Includes the cash flow hedges related to AFS loans and recievables. (see also ). receivables Adjustment to Valuation differences in AFS loans and receivables Includes the cash flow hedges related to Valuation differences in other AFS other AFS assets (see also ). assets Adjustment to Valuation differences in other AFS assets FINREP: Respective part of Income Valuation differences in FVO financial from current year + Reserves (included liabilities (own credit risk) retained earnings) + Minority interest: other (relationed to income) Article 64, para 4 of Adjustment to Valuation differences in FVO financial liabilities (own credit risk) FINREP : table 15, fourth column "Amount of cumulative change in fair values attributable to changes in credit risk" In principle cash flow hedges related to AFS assets are excluded. Nevertheless, in case of Valuation differences in cash flow hedges not related to AFS assets neutralisation of AFS assets to which the cash flow hedges are related, these cash flow hedges may be included in this item. Article 64, paragraph 4 of Adjustment to Valuation differences in cash flow hedges FINREP: Respective part of Income from current year + Reserves (included Valuation differences in investment property retained earnings) + Minority interest: other (in relation to income) See Guidelines on Prudential Filters for Regulatory Capital (CEBS, ) Adjustment to Valuation differences in due to the investment property FINREP: Respective part of Revaluation Valuation differences in property, plant reserves (positive valuation differences in and equipment tangible assets) + Minority (positive valuation differences in tangible assets) See Guidelines on Prudential Filters for Regulatory Capital (CEBS, ) due to Adjustment to Valuation differences in the property, plant and equipment Other valuation differences affecting the eligible reserves See Guidelines on Prudential Filters Adjustment to Other valuation for Regulatory Capital (CEBS, ) due to the differences affecting the eligible reserves for general banking risks Article 57, sentence 1 lit. (c) of When applicable according to accounting rules Other and country specific Original = a Own a Hybrid instruments = a a a a a.05 This item should include not only hybrid instruments directly issued but also those hybrids indirectly issued that, because of being an accounting liability, do not give rise to minority interests a.01 Hybrid instruments that must be Article 57 sentence 1 lit. (ca) and Article 66 (1a) lit. (a) of amended Directive 2006/48/EC, as a.02 Hybrid instruments (undated, without Article 57 sentence 1 lit. (ca) and Article 66 (1a) lit. (b) of amended Directive 2006/48/EC, as

2 a a.04 Hybrid instruments (dated or incentive to redeem) Grandfathered hybrid instruments without incentive to redeem subject to limit Article 57 sentence 1 lit. (ca) and Article 66 (1a) lit. (c) of amended Directive 2006/48/EC, as Instruments of Article 57 sentence 1 lit. (a) and (ca) of amended Directive 2006/48/EC without incentive to redeem, that are grandfathered in accordance with Article 154 (8) of amended Directive 2006/48/EC and instruments which do not comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of amended Directive 2006/48/EC and are grandfathered in accordance with Article 154 (9) of a.05 Grandfathered hybrid instruments with Instruments of Article 57 sentence 1 lit. (a) and (ca) of amended Directive 2006/48/EC with incentive to redeem, that are grandfathered in accordance with Article 154 (8) of amended Directive 2006/48/EC and instruments which do not comply with the requirements of Articles 63a and 63 (2) lit. (a), (c), (d) and (e) of amended Directive 2006/48/EC and are grandfathered in accordance with Article 154 (9) of Positive filter of first time adoption of IAS-type accounting rules Other Includes those prudential filters not listed above that increase the original own funds (-) Other deductions from Original Own = a (-) Intangible assets Article 57, sentence 2 lit. (j) of Includes any goodwill not already deducted (first consolidation difference) within Reserves a (-) Excess on the limits for hybrid = a a a a.04 instruments Is the result of the application of the limits referred to in Article 66 (1a) lit. a) to c) and Article 154 (8) and (9) of amended Directive 2006/48/EC on instruments referred to in ***01 to ***05 and a a.01 (-) Hybrid instruments that must be Article 66 (1a) lit (a) of amended a.02 (-) Hybrid instruments (undated, without Article 66 (1a) lit (b) of amended a.03 (-) Hybrid instruments (dated or Article 66 (1a) lit (c) of amended a.04 (-) Excess on limits for grandfathered instruments (-) Other country specific deductions to Original Own (-) Negative filter of first time adoption of IAS-type accounting rules Article 154 (8) and (9) of amended Directive 2006/48/EC on instruments referred to in ***04, ***05 and a.04, a.05. = (-) Other Includes those prudential filters not listed above that reduce the original own funds 1.2 ADDITIONAL OWN FUNDS Article 66 para. 1 lit. (a) of Eligible Tier 2 capital = Core Additional Own Eligible Upper Tier 2 capital. = Excess on limits for original own The excess on limits for original own funds (see items a) that are eligible for inclusion funds transferred to core additional within core. own funds = a Adjustments made to valuation Guidelines on Prudential Filters for Regulatory Capital (CEBS, ) differences in original own funds i, i = 01 to 05 transferred to core additional own funds Adjustment to Valuation differences in AFS equities transferred to core The amount or part of the amount in Adjustment to Valuation differences in other AFS assets transferred to core The amount or part of the amount in Adjustment to Valuation differences in investment property transferred to The amount or part of the amount in Adjustment to Valuation differences in property, plant and equipment The amount or part of the amount in transferred to Other adjustments to valuation differences affecting the eligible The amount or part of the amount in and reserves transferred to core additional any other adjusments not explicitly listed above. own funds Revaluation reserves Article 57, sentence 1 lit. (d) of Directive 2006/48/EC, net of valuation differences airising from IAS-type accounting rules which have already been included and filtered within the original own funds, some of them having been transferred to core (item ) Value adjustments for credit risk Art. 57, sentence 1 lit.(e) of positions in standardised approach Other items Article 57, sentence 1 lit. (f) of Directive 2006/48/EC in conjunction with Article 63 para. (1) of Securities of indeterminate duration and other instruments Article 57, sentence 1 lit. (f) of Directive 2006/48/EC in conjunction with Article 63 para. (2) of IRB Provision excess Article 63 para. (3) of Country specific Core Additional Own Supplementary Additional Own Article 66 para. 1 lit. (b) of Eligible Lower Tier 2 capital. = Commitments of the members of Article 57, sentence 1 lit. (g) of credit institutions set up as cooperative societies Fixed-term cumulative preferential Article 57, sentence 1 lit. (h) of Directive 2006/48/EC in conjunction with Article 64 (3), shares sentence 1 of Subordinated loan capital Article 57, sentence 1 lit. (h) of Directive 2006/48/EC in conjunction with Article 64 (3), sentence 2 of Directive 2006/48/EC, paying particular attention to letter (c) whose calendar effects have been considered." Country specific Supplementary Additional Own (-) Excess on limits for Article 66 (1) lit. (b) of Supplementary Additional Own (-) Deductions from Additional Own (-) Excess on limits for Additional Own (-) Other country-specific deductions to Additional Own = Article 66 (1) lit. (a) of According to the particular rules governing the deductions in , the latter may be deducted before calculating the excess on limits for. 1.3 (-) DEDUCTIONS FROM ORIGINAL AND 1.3.i, i = 1 to 11 ADDITIONAL OWN FUNDS Also=1.3.T1*+1.3.T2* Article 66, paragraph 2 Of which: (-) From Original Own of Directive 2006/48/EC. 1.3.T1* Deduction from original own funds (item 1.1) is, at least, 50% of (1.3 less ) (see 1.3.T2*). See also item 1.4. In the case of item , the competent authorities may decide to apply deductions from original or in different proportions according to Article 61, paragraph 1 of 1.3.T2* Of which: (-) From Additional Own Article 66, para 2 of When 50% of item 1.3 exceeds item 1.2, the excess will also be deducted from item 1.1, so being included in 1.3.T1*. See item 1.5 In the case of item , the competent authorities may decide to apply deductions from original or in different proportions according to Article 61, paragraph 1 of (-) Holdings in other credit and Article 66 (2) of Directive 2006/48/EC in conjunction with Article 57 sentence 2 lit. (l) of financial institutions amounting to more than 10% of their capital (-) Subordinated claims and other Article 66 (2) of Directive 2006/48/EC in conjunction with Article 57 sentence 2 lit. (m) of items in other credit and financial institutions in which holdings exceed 10% of their capital (-) Excess on limit for holdings, Article 66 (2) of Directive 2006/48/EC in conjunction with Article 57 sentence 2 lit. (n), 1st subordinated claims and other items in alternative of credit and financial institutions in which holdings are up to 10% of their capital (-) Participations hold in insurance Article 57, sentence 2 lit. (o) of undertakings, reinsurance It must be noted that supervisors may not apply deductions referred in this line (see article 59 undertakings and insurance holding of Directive 2006/48/EC ) and apply mutatis mutandis methods 1, 2 or 3 of annex I to Directive companies 2002/87. The issue as to how credit institutions considered as conglomerate apply for reporting purposes the joint forum method should be dealt with (further clarification necessary) (-) Other instruments hold in respect of Article 57, sentence 2 lit. (p) of insurance undertakings, reinsurance It must be noted that supervisors may not apply deductions referred in this line (see article 59 undertakings and insurance holding of Directive 2006/48/EC ) and apply mutatis mutandis methods 1, 2 or 3 of annex I to Directive companies in which a participation is 2002/87. maintained The issue as how credit institutions considered as conglomerate apply for reporting purposes the joint forum method should be dealt with (further clarification necessary) (-) Country-specific deductions from Original and Additional Own 1.3.LE Memorandum item: =1.1+( ) Own relevant for limits to large Nonetheless, if specific local rules are applied for the definition of capital relevant for large exposures when additional capital to cover exposures or for limits to qualifying participating interests, other components might be taken market risks is not used AND for limits to into account in the formula above. qualifying participating interests (-) Certain securitisation exposures not Article 57, sentence 2 lit (r) of Directive 2006/48/EC, unless Article 66, paragraph 2, sentence included in risk-weighted assets 3 of Directive 2006/48/EC applies (-) IRB Provision shortfall and IRB Article 57 sentence 2 lit. (q) of equity expected loss amounts (-) Qualified participating interest in Article 120 of Directive 2006/48/EC, Article 122 (2) of non financial institutions (-) Free deliveries from 5 business Annex II paragraph 2 Table 2 of Directive 2006/49/EC days post second contractual payment or delivery leg until extinction of the transaction (-) Other country specific deductions Article 61, paragraph 1 of from Original and Additional Own 1.4 TOTAL ORIGINAL OWN FUNDS FOR = T1* GENERAL SOLVENCY PURPOSES 1.5 TOTAL ADDITIONAL OWN FUNDS FOR = T2* GENERAL SOLVENCY PURPOSES 1.6 TOTAL ADDITIONAL OWN FUNDS Tier 3 capital SPECIFIC TO COVER MARKET RISKS = Excess on limits for additional own Article 13 paragraph 5 of Directive 2006/49/CE in conjunction with para 2 lit. (c). The excess funds transferred to additional own on limits for (see items ) that is allowed to be eligible for inclusion funds specific to cover market risks within specific to cover market risks.

3 1.6.2 Net trading book profits Article 13 paragraph 2 lit. (b) of Directive 2006/49/EC. Includes the profits/losses originating from valuation adjustments/reserves as laid down in annex VII, part B, points of Directive 2006/49/EC Short term subordinated loan capital Article 13 paragraph 2 lit. (c) of Directive 2006/49/EC (-) Illiquid assets Article 13 paragraph 2 lit. (d) of Directive 2006/49/EC (-) Excess on limit for Own Article 13, paragraph 4 of Directive 2006/49/EC in conjunction with Article 14 of Directive Specific to Cover Market Risks 2006/49/EC.

4 1.6.LE Memorandum item: =1.3.LE Total own funds relevant for the limits of Nonetheless, if specific local rules are applied for the definition of capital relevant for large large exposures when additional capital to exposures, other components might be taken into account in the formula above. cover market risks is used (-) Country specific deductions from For instance, capital amounts for backing any overshooting of the large exposure limits in the Own Specific to Cover Market trading book as those mentioned in article 31 lit (b) of Directive 2006/49/EC. Risks (-) Unused but eligible Own Article 13, paragraph 2 of Directive 2006/49/EC. Specific to Cover Market Risks =-Max[ ; 0] 1.7 (-) DEDUCTIONS FROM TOTAL OWN = FUNDS (-) Country specific deductions from Country specific deductions from own funds not allocated to original, additional or addtional to total own funds cover market risks own funds (-) Participations in insurance Transitional treatment under article 154 paragraph 4 of undertakings 1.8 MEMORANDUM ITEMS: IRB provision excess (+) / shortfall (-) = Amount of provisions for IRB Value adjustments and provisions related to the exposures mentioned in Annex VII Part 1 point 36 of Directive 2006/48/EC Of which: General provision / Allowances General provisions as mentioned in paragraph 380 of the BCBS document "International * for collectively assessed financial assets Convergence of Capital Measurements and Capital Standards: A Revised Framework - Comprehensive Version" published in June FINREP: Allowances for collectively assessed financial assets (includes allowances for incurred but not reported losses) ** Of which: Specific provision / Allowances Specific provisions as mentioned in paragraph 380 of the BCBS document "International for individually assessed financial assets Convergence of Capital Measurements and Capital Standards: A Revised Framework - Comprehensive Version" published in June FINREP: Allowances for individually assessed financial assets Includes any value adjustment or provision included in the calculation of the IRB provision *** Of which: Other and country specific value adjustments and provisions excess (+) / shortfall (-) mentioned in Annex Vii, part 1, point 36 of Directive 2006/48/EC not included in the calculation of the IRB reported in tems * or ** provision excess (+) / shortfall (-) IRB measurement of expected losses Expected loss amounts calculated in accordance with Annex VII Part 1 points 30, 31 and 35 of Directive 2006/48/EC as mentioned in Annex VII Part 1 point 36 of Directive 2006/48/EC Gross amount of subordinated loan capital Minimum initial capital required Without taking into account the reduction in the eligible amount during the five years before repayment. Article 64, paragraph 3 (c) of Articles 9, 10(2) and 10(4) of Directive 2006/48/EC and articles 5(1), 5(3), 6, 9, 10(1) and 10(3) of Directive 2006/49/EC. 2 CAPITAL REQUIREMENTS = For investment firms under article 20(2) and 24 of Directive 2006/49/EC = Max [ , 2.5] For investment firms under article 20(3) and 25 of Directive 2006/49/EC = For investment firms under article 46 of Directive 2006/49/EC = Min[2.4,(12/88)*max( , 2.5)] plus, if applicable, an incremental increase a 20(2) and 24 2b 20(3) and 25 2c TOTAL CAPITAL REQUIREMENTS FOR CREDIT, COUNTERPARTY CREDIT AND DILUTION RISKS AND FREE DELIVERIES For investment firms under article 20(2) and 24 of Directive 2006/49/EC = Max [ , 2.5] For investment firms under article 20(3) and 25 of Directive 2006/49/EC = For investment firms under article 46, paragraphs 1 to 3 of Directive 2006/49/EC = Min[2.4,(12/88)*max( , 2.5)] plus, if applicable, an incremental increase = CR SA template at the level of total exposures. =( a or b) a. or b because national supervisors may alternatively require to apply the IRB Standardised approach (SA) exposure classes referred to in Article 86 of Directive 2006/48/EC, paragraph 1 for reporting the credit risk standardised approach (e.g. in case of simoultaneous application of stardard and IRB approaches) a SA exposure classes excluding CR SA template at the level of total exposures. securitization positions The SA exposure classes are those mentioned in Article 79, paragraph 1of Directive 2006/48/EC, excluding securitisation positions a.i, i = 01 to a.01 Central governments or central banks a.02 Regional governments or local authorities a.03 Administrative bodies and noncommercial undertakings a.04 Multilateral Development Banks a.05 International Organisations a.06 Institutions a.07 Corporates a.08 Retail a.09 Secured by real estate property a.10 Past due items a.11 Items belongning to regulatory highrisk categories a.12 Covered bonds CR SA. Claims a.13 Short-term claims on institutions and CR SA. corporate a.14 Collective investments undertakings CR SA. Claims (CIU) a.15 Other items CR SA b IRB exposure classes excluding CR SA template at the level of total exposures b securitization positions b.i, i = 01 to 06 See comment to item For the mapping of SA into IRB exposures classes particular attention may be paid to paragraphs 2, 3, 5, 6, 8 and 9 of Article 86 of Directive 2006/48/EC and paragraphs 11 and 12 of Art. 87 of Directive 2006/48/EC b b.02 Institutions b.03 Corporates b.04 Retail b.05 Equity b.06 No link. In principle the capital requirement will be the 8% of the exposure to non creditobligation Other non-credit obligation assets assets (see annex VII part 3 point 13 of Directive 2006/48/EC and annex VII part 1 point 27 of Directive 2006/48/EC ) Securitization positions SA CR SEC SA = Internal ratings based Approach (IRB) IRB approaches when neither own estimates of LGD nor Conversion Factors are used Institutions Corporates IRB approaches when own estimates of LGD and/or Conversion Factors are used Institutions Corporates Retail Equity IRB CR EQU IRB Securitization positions IRB CR SEC IRB Other non credit-obligation assets No link. In principle the capital requirement will be the 8% of the exposure to non creditobligation assets. 2.2 SETTLEMENT/DELIVERY RISK CR TB SETT 2.3 TOTAL CAPITAL REQUIREMENTS FOR = POSITION, FOREIGN EXCHANGE AND COMMODITY RISKS Position, foreign exchange and = commodity risks under standardised approaches (SA) Traded debt instruments MKR SA TDI Equity MKR SA EQU Foreign Exchange MKR SA FX Commodities MKR SA COM Position, foreign exchange and =MKR IM commodity risks under internal models (IM) 2.4 TOTAL CAPITAL REQUIREMENTS FOR = OPERATIONAL RISKS (OpR ) For investment firms under article 20(2), 24, 20(3) and 25 of Directive 2006/49/EC this element will be zero OpR Basic indicator approach (BIA) See OPR See OPR OpR Standardised (STA) / Alternative Standardised (ASA) approaches OpR Advanced measurement See OPR approaches (AMA) 2.5 CAPITAL REQUIREMENTS RELATED TO Only for investment firms under articles 20(2), 24, 20(3), 25 and 46 of Directive 2006/49/EC. FIXED OVERHEADS See also article 21 of Directive 2006/49/EC. 2.6 OTHER AND TRANSITIONAL CAPITAL = REQUIREMENTS Includes complements to capital requirements stemming from provisions in article 152 of Complements to overall floor for Capital Requirements Without link to any template Complement to capital requirements For investment firms under article 46 of Directive 2006/49/EC, the amount referred to in for investment firms under article 46 paragraph 4 of article 46 of Directive 2006/49/EC (starting "Applying this.") Without link to any template. Among others, additional capital requirements mentioned in Other own funds requirements article 31 lit (b) of Directive 2006/49/EC might be included. It also introduces national flexibility. 3 MEMORANDUM ITEMS: 3.1 Surplus (+) / Deficit (-) of own funds, before other and transitional capital requirements =1-(2-2.6) 3.1.a Solvency ratio (%), before other and =1/(2-2.6)*8% transitional capital requirements 3.2 Surplus (+) / Deficit (-) of own funds = a Solvency ratio (%) =1/2*8% 3.3 Includes the effect of the review and evaluation performed by competent authorities as Surplus (+) / Deficit (-) of own funds taking into account the supervisory review process indicated in article 124 and annex XI of Accordingly it takes into account the specific own funds requirements laid down in paragraph 2 of article 136 of Directive 2006/48/EC. 3.3.a Total own funds for solvency purposes/ capital requirements* 100%. Solvency index ratio (%) taking into Both figures are those used for assessing the surplus (+) / deficit (-) in 3.3 account the supervisory review process 3.4 Internal assessment Surplus (+) / Deficit (-) of capital =

5 3.4.1 Internal assessment of capital Article 123 of Internal assessment of capital needs Article 123 of (a) Convention on signs: Any amount that increases the own funds or the capital requirements will be reported as a positive figure. On the contrary, any amount that reduces the total own funds or the capital requirements will be reported as a negative figure. Where there is a negative sign (-) preceding the label of an item no positive figure is expected to be reported for that item.