(c) Extended Maturity ladder approach

Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast) · European Union

Competent authorities may authorise institutions to use the minimum spread, carry and outright rates set out in the following table (Table 2) instead of those indicated in points 13, 14, 17 and 18 provided that the institutions, in the opinion of their competent authorities: undertake significant commodities business; have a diversified commodities portfolio; and are not yet in a position to use internal models for the purpose of calculating the capital requirement on commodities risk in accordance with Annex V. 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

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