Version in force , Modified +22 −171§
Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2987 32024R2987 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2795 32024R2795 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
Point (b) now ends with a full stop instead of a semicolon, a purely formatting change since point (c) still follows as a separate item.
The closing sentence on notifying competent authorities no longer includes the phrase requiring evidence of efforts to implement an internal model for calculating the own funds requirement for commodities risk.
Cited: Art. 361, v2 (external, EUR-Lex) · Art. 361, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 July 2024 02013R0575-20240709 → this version, in force 1 January 2025 02013R0575-20250101
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; portfolio.
(c) are not yet in a position to use internal models for the purpose of calculating the own funds requirement for commodities risk.
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 together with evidence of their efforts to implement an internal model for the purpose of calculating the own funds requirement for commodities risk. authorities.