3.1. PD

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) · European Union

PDs shall be determined according to the methods for corporate exposures. The following minimum PDs shall apply: 0,09 % for exchange traded equity exposures where the investment is part of a long‐term customer relationship; 0,09 % for non-exchange traded equity exposures where the returns on the investment are based on regular and periodic cash flows not derived from capital gains; 0,40 % for exchange traded equity exposures including other short positions as set out in part 1, point 20; and 1,25 % for all other equity exposures including other short positions as set out in Part 1, point 20.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.