# Official Journal L 214/2023

| | ISSN 1977-0677 |
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| Official Journal
  of the European Union | L 214 |
| | |
| English edition | Legislation | Volume 6631 August 2023 |

ISSN 1977-0677

Official Journal

of the European Union

L 214

English edition

Legislation

Volume 6631 August 2023

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| Contents | | II   Non-legislative acts | page |
| --- | --- | --- | --- |
| | | REGULATIONS |
| | * | Commission Delegated Regulation (EU) 2023/1668 of 25 May 2023 supplementing Directive (EU) 2019/2034 of the European Parliament and of the Council with regard to regulatory technical standards specifying the measurement of risks or elements of risks not covered or not sufficiently covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council and the indicative qualitative metrics for the amounts of additional own funds (
  1
  ) | 1 |
| | * | Commission Delegated Regulation (EU) 2023/1669 of 16 June 2023 supplementing Regulation (EU) 2017/1369 of the European Parliament and of the Council with regard to the energy labelling of smartphones and slate tablets (
  1
  ) | 9 |
| | * | Commission Regulation (EU) 2023/1670 of 16 June 2023 laying down ecodesign requirements for smartphones, mobile phones other than smartphones, cordless phones and slate tablets pursuant to Directive 2009/125/EC of the European Parliament and of the Council and amending Commission Regulation (EU) 2023/826 (
  1
  ) | 47 |
| | * | Commission Implementing Regulation (EU) 2023/1671 of 24 August 2023 entering a name in the register of protected designations of origin and protected geographical indications (Ciliegia di Lari (PGI)) | 94 |
| | * | Commission Implementing Regulation (EU) 2023/1672 of 30 August 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 June 2023 until 29 September 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (
  1
  ) | 95 |

Contents

II   Non-legislative acts

page

REGULATIONS

*

Commission Delegated Regulation (EU) 2023/1668 of 25 May 2023 supplementing Directive (EU) 2019/2034 of the European Parliament and of the Council with regard to regulatory technical standards specifying the measurement of risks or elements of risks not covered or not sufficiently covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council and the indicative qualitative metrics for the amounts of additional own funds (
  1
  )

1

1

*

Commission Delegated Regulation (EU) 2023/1669 of 16 June 2023 supplementing Regulation (EU) 2017/1369 of the European Parliament and of the Council with regard to the energy labelling of smartphones and slate tablets (
  1
  )

1

9

*

Commission Regulation (EU) 2023/1670 of 16 June 2023 laying down ecodesign requirements for smartphones, mobile phones other than smartphones, cordless phones and slate tablets pursuant to Directive 2009/125/EC of the European Parliament and of the Council and amending Commission Regulation (EU) 2023/826 (
  1
  )

1

47

*

Commission Implementing Regulation (EU) 2023/1671 of 24 August 2023 entering a name in the register of protected designations of origin and protected geographical indications (Ciliegia di Lari (PGI))

94

*

Commission Implementing Regulation (EU) 2023/1672 of 30 August 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 June 2023 until 29 September 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (
  1
  )

1

95

| | | III   Other acts |
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| | | EUROPEAN ECONOMIC AREA |
| | * | EFTA Surveillance Authority Decision No 004/23/COL of 8 February 2023 amending the substantive rules in the field of State aid by introducing new Guidelines on State aid for broadband networks [2023/1673] | 177 |

III   Other acts

EUROPEAN ECONOMIC AREA

*

EFTA Surveillance Authority Decision No 004/23/COL of 8 February 2023 amending the substantive rules in the field of State aid by introducing new Guidelines on State aid for broadband networks [2023/1673]

177

| | | Corrigenda |
| --- | --- | --- |
| | * | Corrigendum to Commission Regulation (EC) No 1480/2004 of 10 August 2004 laying down specific rules concerning goods arriving from the areas not under the effective control of the Government of Cyprus in the areas in which the Government exercises effective control ( OJ L 272, 20.8.2004 ) | 228 |

Corrigenda

*

Corrigendum to Commission Regulation (EC) No 1480/2004 of 10 August 2004 laying down specific rules concerning goods arriving from the areas not under the effective control of the Government of Cyprus in the areas in which the Government exercises effective control ( OJ L 272, 20.8.2004 )

( OJ L 272, 20.8.2004 )

228

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| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.
  The titles of all other Acts are printed in bold type and preceded by an asterisk. |
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EN

Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.

The titles of all other Acts are printed in bold type and preceded by an asterisk.

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II Non-legislative acts

REGULATIONS

| 31.8.2023 | EN | Official Journal of the European Union | L 214/1 |
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31.8.2023

EN

Official Journal of the European Union

L 214/1

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COMMISSION DELEGATED REGULATION (EU) 2023/1668

of 25 May 2023

supplementing Directive (EU) 2019/2034 of the European Parliament and of the Council with regard to regulatory technical standards specifying the measurement of risks or elements of risks not covered or not sufficiently covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council and the indicative qualitative metrics for the amounts of additional own funds

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive (EU) 2019/2034 of the Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (1), and in particular Article 40(6), fourth subparagraph, thereof,

Whereas:

| (1) | To ensure the harmonised application of the additional own funds requirement across the Union, it is necessary to set out a uniform approach towards the measurement of the risks and elements of risks that would support the determination of the level of capital adequate to address all material risks to which investment firms might be exposed. Competent authorities should therefore ensure that investment firms hold adequate additional own funds to cover each risk category (Risk-to-Client, Risk-to-Firm and Risk-to-Market), as well as any other material risks. |
| --- | --- |

(1)

To ensure the harmonised application of the additional own funds requirement across the Union, it is necessary to set out a uniform approach towards the measurement of the risks and elements of risks that would support the determination of the level of capital adequate to address all material risks to which investment firms might be exposed. Competent authorities should therefore ensure that investment firms hold adequate additional own funds to cover each risk category (Risk-to-Client, Risk-to-Firm and Risk-to-Market), as well as any other material risks.

| (2) | In order for competent authorities to be able to appropriately monitor the risk profile of investment firms and to identify, assess and quantify material risks, it is necessary to set out a detailed and comprehensive methodology proportionate to the nature, scope and complexity of investment firm activities based on all available information sources, including information gathered for the purpose of Article 36 of Directive (EU) 2019/2034. |
| --- | --- |

(2)

In order for competent authorities to be able to appropriately monitor the risk profile of investment firms and to identify, assess and quantify material risks, it is necessary to set out a detailed and comprehensive methodology proportionate to the nature, scope and complexity of investment firm activities based on all available information sources, including information gathered for the purpose of Article 36 of Directive (EU) 2019/2034.

| (3) | The level of the additional own funds requirement is deemed adequate when it reduces the likelihood of investment firm failure and limits the risk of disorderly wind-down that would pose threats to the investment firm’s clients and to the wider market, including other financial institutions, market infrastructures, or the market as a whole. Due to this dual objective of the additional own funds requirement and in keeping with the structure of the own funds requirements as set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council (2), competent authorities should consider separately the risks related to ongoing investment firm activities and the risk of disorderly wind-down of the investment firm’s business. |
| --- | --- |

(3)

The level of the additional own funds requirement is deemed adequate when it reduces the likelihood of investment firm failure and limits the risk of disorderly wind-down that would pose threats to the investment firm’s clients and to the wider market, including other financial institutions, market infrastructures, or the market as a whole. Due to this dual objective of the additional own funds requirement and in keeping with the structure of the own funds requirements as set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council (2), competent authorities should consider separately the risks related to ongoing investment firm activities and the risk of disorderly wind-down of the investment firm’s business.

| (4) | To ensure that all the risks or elements of risks that an investment firm is exposed to or poses to others are duly covered, an investment firm should hold sufficient own funds, taking into account the business model, scale and complexity of activities performed by the investment firm, to withstand additional operational expenses related to an orderly wind-down process. In order to ensure that such own funds would be appropriate in particular economic circumstances, different plausible economic scenarios should be considered by competent authorities during the supervisory review and evaluation process carried out in accordance with Article 36 of Directive (EU) 2019/2034. In particular, business continuity, investor protection and market integrity are not to be jeopardised during the wind-down process. To that end, the investment firm should be capable, also during that process, of absorbing costs and losses not matched by a sufficient volume of profits. Given that the length of the wind-down process could differ significantly depending on specific circumstances, competent authorities should take this into account when setting the additional own funds requirement. Moreover, given the potentially diverse legal forms that investment firms can have, the competent authorities should take into account the applicable national insolvency, corporate and trade laws, which could affect the length of wind-down processes, as well as associated costs and risks. |
| --- | --- |

(4)

To ensure that all the risks or elements of risks that an investment firm is exposed to or poses to others are duly covered, an investment firm should hold sufficient own funds, taking into account the business model, scale and complexity of activities performed by the investment firm, to withstand additional operational expenses related to an orderly wind-down process. In order to ensure that such own funds would be appropriate in particular economic circumstances, different plausible economic scenarios should be considered by competent authorities during the supervisory review and evaluation process carried out in accordance with Article 36 of Directive (EU) 2019/2034. In particular, business continuity, investor protection and market integrity are not to be jeopardised during the wind-down process. To that end, the investment firm should be capable, also during that process, of absorbing costs and losses not matched by a sufficient volume of profits. Given that the length of the wind-down process could differ significantly depending on specific circumstances, competent authorities should take this into account when setting the additional own funds requirement. Moreover, given the potentially diverse legal forms that investment firms can have, the competent authorities should take into account the applicable national insolvency, corporate and trade laws, which could affect the length of wind-down processes, as well as associated costs and risks.

| (5) | To ensure proportionality in determining the additional own funds requirement, risks and elements of risk not covered or not sufficiently covered by the K-factor requirement referred to in Article 15 of Regulation (EU) 2019/2033 should be measured only for those investment firms that are subject to the K-factor requirement referred to in that Article, and not for small and non-interconnected firms that meet the conditions set out in Article 12(1) of that Regulation. Other risks not covered at all by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033, including risks explicitly excluded from those own funds requirements, exist for investment firms. Therefore, it is necessary to specify that those risks are assessed and measured by competent authorities on the basis of the size and business model of the invetsment firm as well as on the basis of the scope, nature and complexity of its activities. |
| --- | --- |

(5)

To ensure proportionality in determining the additional own funds requirement, risks and elements of risk not covered or not sufficiently covered by the K-factor requirement referred to in Article 15 of Regulation (EU) 2019/2033 should be measured only for those investment firms that are subject to the K-factor requirement referred to in that Article, and not for small and non-interconnected firms that meet the conditions set out in Article 12(1) of that Regulation. Other risks not covered at all by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033, including risks explicitly excluded from those own funds requirements, exist for investment firms. Therefore, it is necessary to specify that those risks are assessed and measured by competent authorities on the basis of the size and business model of the invetsment firm as well as on the basis of the scope, nature and complexity of its activities.

| (6) | To ensure the correct measurement and coverage of all the risks which are referred to in Parts Three and Four of Regulation (EU) 2019/2033 but not fully or adequately covered by those requirements, such risks should be measured separately for each risk category (Risk-to-Client, Risk-to-Market and Risk-to-Firm). For the same reason, the risks not covered in Parts Three and Four of that Regulation, including those explicitly excluded from those requirements, should be measured on a risk-by-risk basis. However, if the measurement per risk category or on a risk-by-risk basis is overly burdensome or is not feasible in cases of investment firms subject to an initial capital requirement lower than the requirement laid down in Article 9(1) of Directive (EU) 2019/2034, the measurement of risks should in those cases be performed on an aggregate level, taking into account the principle of proportionality. |
| --- | --- |

(6)

To ensure the correct measurement and coverage of all the risks which are referred to in Parts Three and Four of Regulation (EU) 2019/2033 but not fully or adequately covered by those requirements, such risks should be measured separately for each risk category (Risk-to-Client, Risk-to-Market and Risk-to-Firm). For the same reason, the risks not covered in Parts Three and Four of that Regulation, including those explicitly excluded from those requirements, should be measured on a risk-by-risk basis. However, if the measurement per risk category or on a risk-by-risk basis is overly burdensome or is not feasible in cases of investment firms subject to an initial capital requirement lower than the requirement laid down in Article 9(1) of Directive (EU) 2019/2034, the measurement of risks should in those cases be performed on an aggregate level, taking into account the principle of proportionality.

| (7) | To strike the right balance between prudential considerations and proportional application, the measurement of risks on an aggregate level should not apply to investment firms that are subject to the initial capital requirement laid down in Article 9(1) of Directive (EU) 2019/2034. Investment firms that are subject to higher initial capital requirements should be assessed in terms of risks with a measurement per risk category and on a risk-by-risk basis. |
| --- | --- |

(7)

To strike the right balance between prudential considerations and proportional application, the measurement of risks on an aggregate level should not apply to investment firms that are subject to the initial capital requirement laid down in Article 9(1) of Directive (EU) 2019/2034. Investment firms that are subject to higher initial capital requirements should be assessed in terms of risks with a measurement per risk category and on a risk-by-risk basis.

| (8) | To ensure consistency in the measurement of material risks that investment firms could pose to others or face themselves, competent authorities should rely on a harmonised set of minimum indicative qualitative metrics. Given that risks evolve throughout the business cycle of a firm, competent authorities should perform not only a static assessment, but also perform a historical trend analysis of such metrics. To cover all the relevant risks properly, different metrics should be used for investment firms with different business models and activities. In order to properly cover all the relevant risks of the investment firm, taking into account the specific business model or activity, legal form and the availability of reliable data, competent authorities should, under certain conditions notably pertaining to the specificities of a firm’s business model or data quality, adjust the metrics and use those adjusted metrics or, if that is not possible, use alternative metrics that are proportionate to the investment firm’s size, complexity, business model, and operating model and that would ensure an appropriate assessment of the risks. |
| --- | --- |

(8)

To ensure consistency in the measurement of material risks that investment firms could pose to others or face themselves, competent authorities should rely on a harmonised set of minimum indicative qualitative metrics. Given that risks evolve throughout the business cycle of a firm, competent authorities should perform not only a static assessment, but also perform a historical trend analysis of such metrics. To cover all the relevant risks properly, different metrics should be used for investment firms with different business models and activities. In order to properly cover all the relevant risks of the investment firm, taking into account the specific business model or activity, legal form and the availability of reliable data, competent authorities should, under certain conditions notably pertaining to the specificities of a firm’s business model or data quality, adjust the metrics and use those adjusted metrics or, if that is not possible, use alternative metrics that are proportionate to the investment firm’s size, complexity, business model, and operating model and that would ensure an appropriate assessment of the risks.

| (9) | This Regulation is based on the draft regulatory technical standards submitted to the Commission by the European Banking Authority. |
| --- | --- |

(9)

This Regulation is based on the draft regulatory technical standards submitted to the Commission by the European Banking Authority.

| (10) | The European Banking Authority has conducted open public consultations on the draft regulatory technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Banking Stakeholder Group established in accordance with Article 10 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (3), |
| --- | --- |

(10)

The European Banking Authority has conducted open public consultations on the draft regulatory technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Banking Stakeholder Group established in accordance with Article 10 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (3),

HAS ADOPTED THIS REGULATION:

Article 1

Risk of disorderly wind-down

1.   Competent authorities shall, having regard to the legal form, business model, the business and risk strategy, and the scale and complexity of the activities of an investment firm, during their supervisory review and evaluation process carried out in accordance with Article 36 of Directive (EU) 2019/2034, measure the risk of disorderly wind-down of the investment firm’s business by determining the amount of capital that would be considered adequate for that firm to be wound down in an orderly manner under plausible scenarios.

2.   The measurement referred to in paragraph 1 shall be proportionate to the complexity, risk profile, and scope of operation of the investment firm, and to the potential impact of its wind-down on clients and markets, and shall include the following:

| (a) | an estimation of the realistic time frame to wind down the investment firm; |
| --- | --- |

(a)

an estimation of the realistic time frame to wind down the investment firm;

| (b) | an assessment of operational and legal tasks of the investment firm during the wind-down process over a realistic time frame; |
| --- | --- |

(b)

an assessment of operational and legal tasks of the investment firm during the wind-down process over a realistic time frame;

| (c) | the identification and assessment of material fixed and variable costs; |
| --- | --- |

(c)

the identification and assessment of material fixed and variable costs;

| (d) | the identification and assessment of material risks or elements of risks that could materialise during the wind-down process; |
| --- | --- |

(d)

the identification and assessment of material risks or elements of risks that could materialise during the wind-down process;

| (e) | any other aspect relevant for the wind-down process. |
| --- | --- |

(e)

any other aspect relevant for the wind-down process.

3.   Where Directive 2014/59/EU of the European Parliament and of the Council (4) applies, available information on recovery actions and governance arrangements in the investment firm’s recovery or group recovery plan shall be taken into account by competent authorities for the purpose of paragraph 2, points (b) and (c), if the competent authorities consider that information sufficiently credible and reliable.

4.   For investment firms subject to the initial capital requirement laid down in Article 9(1) of Directive (EU) 2019/2034, competent authorities shall include in their measurement the following:

| (a) | the closure costs, including litigation costs for the purpose of paragraph 2, point (c), of this Article; |
| --- | --- |

(a)

the closure costs, including litigation costs for the purpose of paragraph 2, point (c), of this Article;

| (b) | the loss in revenues and loss in the net realisable value of assets expected to be incurred due to the wind-down process for the purpose of paragraph 2, point (d), of this Article. |
| --- | --- |

(b)

the loss in revenues and loss in the net realisable value of assets expected to be incurred due to the wind-down process for the purpose of paragraph 2, point (d), of this Article.

5.   Competent authorities shall identify and quantify material costs, risks or elements of risks and shall determine the capital considered adequate to absorb them in accordance with paragraphs 1 and 2 of this Article.

Competent authorities shall use the relevant indicative qualitative metrics referred to in Article 6(1) and shall combine them with static and historical trend analysis, delivering their expert judgement as appropriate.

6.   The capital considered adequate to cover the risk of disorderly wind-down of an investment firm’s business measured in accordance with this Article shall be at least equal to the fixed overheads requirement of that investment firm calculated in accordance with Article 13 of Regulation (EU) 2019/2033.

Article 2

Material risks or elements of risks not covered or not fully covered by the K-Factor requirement set out in Part Three, Title II, of Regulation (EU) 2019/2033

1.   Where the investment firm does not meet the conditions for qualifying as a small and non-interconnected investment firm as set out in Article 12(1) of Regulation (EU) 2019/2033, competent authorities shall, having regard to the business model, legal form, the business and risk strategy, and the scale and complexity of the activities of the investment firm, during their reviews carried out in accordance with Articles 36 and 37 of Directive (EU) 2019/2034, measure any material risk or material element of risk deriving from the investment firm’s ongoing activities, which that firm poses to itself, to its clients and to the market, and which is not covered or not fully covered by the K-factor requirement set out in Part Three, Title II, of Regulation (EU) 2019/2033.

Competent authorities shall determine the capital that would be considered adequate to cover the relevant risks related to the K-factor requirement.

2.   The measurement referred to in paragraph 1 shall be made separately for each risk category set out as ‘Risk-to-Client’ (RtC), ‘Risk-to-Market’ (RtM) and ‘Risk-to-Firm’ (RtF) in Article 15 of Regulation (EU) 2019/2033.

By way of derogation from the first subparagraph, for investment firms subject to an initial capital requirement lower than the requirement laid down in Article 9(1) of Directive (EU) 2019/2034, where competent authorities deem a more granular quantification not feasible or overly burdensome, the measurement shall be performed on an aggregate level.

3.   The measurement referred to in paragraph 2 shall identify and quantify material risks or elements of risks for each risk category, including risks from the use of the alternative internal model approach as referred to in Article 22, point (c), of Regulation (EU) 2019/2033, based on the indicative qualitative metrics set out in Article 6(2), (3) and (4), of this Regulation and on expert judgement to be delivered by competent authorities.

4.   Competent authorities shall ensure that the capital considered adequate to cover material risks related to the K-factor requirement is not lower than the total K-factor requirement.

Article 3

Material risks or elements of risks not covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033

1.   Where the investment firm does not meet the conditions for qualifying as a small and non-interconnected investment firm as set out in Article 12(1) of Regulation (EU) 2019/2033, competent authorities shall, having regard to the business model, the legal form, the business and risk strategy, and the scale and complexity of the activities of the investment firm, during their supervisory review and evaluation process set out in Article 36 of Directive (EU) 2019/2034, measure any material risk or material element of risk deriving from any of the investment firm’s ongoing activities, other than those referred to in Article 2 of this Regulation and not already covered by the own funds requirements of that firm set out in Parts Three and Four of Regulation (EU) 2019/2033, by determining on a risk-by-risk basis the additional capital considered adequate to cover material risks or elements of risks.

2.   The measurement referred to in paragraph 1 shall comprise the identification, assessment and, where appropriate, the quantification of the following risk areas:

| (a) | the risks posed to the security of the investment firm’s network and information systems to ensure confidentiality, integrity and availability of their processes, data, and assets; |
| --- | --- |

(a)

the risks posed to the security of the investment firm’s network and information systems to ensure confidentiality, integrity and availability of their processes, data, and assets;

| (b) | the interest rate risk and credit risk arising from non-trading book activities. |
| --- | --- |

(b)

the interest rate risk and credit risk arising from non-trading book activities.

For investment firms subject to an initial capital requirement lower than the requirement laid down in Article 9(1) of Directive (EU) 2019/2034, where competent authorities deem a more granular quantification not feasible or overly burdensome, the measurement shall be performed on an aggregate level.

3.   When performing the measurement referred to in paragraphs 1 and 2, competent authorities shall use the relevant indicative qualitative metrics referred to in Article 6(5) and combine them with static and historical trend analysis, delivering their expert judgement as appropriate.

Article 4

Total material risk not covered or not fully covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033

1.   Competent authorities shall calculate the total amount of additional capital considered adequate to cover material risks or material elements of risk posed by the investment firm’s ongoing activities as the sum of the capital considered adequate calculated in accordance with Articles 2 and 3.

2.   Competent authorities shall measure the total material risk not covered or not fully covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033 by determining the level of additional own funds required as the difference between the higher of the amounts calculated in accordance with Article 1 or paragraph 1 of this Article and the own funds requirements set out in Part Three or Part Four of Regulation (EU) 2019/2033.

Article 5

General qualitative metrics for the determination of the additional own funds requirement

1.   When determining the amount of the additional own fund requirements for the purposes of Articles 1, 2 and 3, competent authorities shall take into account the following:

| (a) | the outcomes of the internal capital adequacy assessment process and the internal risk assessment process by the investment firm set out in Article 24 of Directive (EU) 2019/2034; |
| --- | --- |

(a)

the outcomes of the internal capital adequacy assessment process and the internal risk assessment process by the investment firm set out in Article 24 of Directive (EU) 2019/2034;

| (b) | data reported in accordance with Articles 54 and 55 of Regulation (EU) 2019/2033; |
| --- | --- |

(b)

data reported in accordance with Articles 54 and 55 of Regulation (EU) 2019/2033;

| (c) | the outcome of the reviews carried out in accordance with Articles 36 and 37 of Directive (EU) 2019/2034; |
| --- | --- |

(c)

the outcome of the reviews carried out in accordance with Articles 36 and 37 of Directive (EU) 2019/2034;

| (d) | the results of any other supervisory activities; |
| --- | --- |

(d)

the results of any other supervisory activities;

| (e) | other relevant inputs, including supervisory judgement. |
| --- | --- |

(e)

other relevant inputs, including supervisory judgement.

2.   Competent authorities shall ensure comparability in the quantification of the additional own funds requirement imposed across all investment firms under their supervisory remit.

Article 6

Indicative qualitative metrics

1.   For the purposes of Article 1(5), second subparagraph, the indicative qualitative metrics shall be the following:

| (a) | the number of tied agents compared to total staff; |
| --- | --- |

(a)

the number of tied agents compared to total staff;

| (b) | the average duration of a wind-down in the jurisdiction, taking into consideration the complexity of the investment firm’s business; |
| --- | --- |

(b)

the average duration of a wind-down in the jurisdiction, taking into consideration the complexity of the investment firm’s business;

| (c) | the share of non-cancellable contracts and their residual duration; |
| --- | --- |

(c)

the share of non-cancellable contracts and their residual duration;

| (d) | the identification of markets where the investment firm is the main service provider; |
| --- | --- |

(d)

the identification of markets where the investment firm is the main service provider;

| (e) | the value and liquidity of fixed assets that the investment firm would have to dispose of during a wind-down; |
| --- | --- |

(e)

the value and liquidity of fixed assets that the investment firm would have to dispose of during a wind-down;

| (f) | the average severance payments payable in case of a wind-down, taking into consideration employment legislation and contracts with employees. |
| --- | --- |

(f)

the average severance payments payable in case of a wind-down, taking into consideration employment legislation and contracts with employees.

2.   For the purposes of Article 2, with regard to the measurement of the RtC, the indicative qualitative metrics shall be the following:

| (a) | the amount of client money held over the preceding 5 years; |
| --- | --- |

(a)

the amount of client money held over the preceding 5 years;

| (b) | the amount of assets under management over the preceding 5 years; |
| --- | --- |

(b)

the amount of assets under management over the preceding 5 years;

| (c) | the amount of assets safeguarded and administered for clients over the preceding 5 years; |
| --- | --- |

(c)

the amount of assets safeguarded and administered for clients over the preceding 5 years;

| (d) | the amount of losses or damages incurred by the investment firm due to breaches of its legal or contractual obligations over at least the preceding 5 years, including losses arising from the following:






  (i) | unsuitable advice given to investors and related investors’ compensation; |
| --- | --- | --- |

(d)

the amount of losses or damages incurred by the investment firm due to breaches of its legal or contractual obligations over at least the preceding 5 years, including losses arising from the following:

(i)

unsuitable advice given to investors and related investors’ compensation;

| (ii) | failure to establish, implement and maintain appropriate procedures to prevent breaches; |
| --- | --- |

(ii)

failure to establish, implement and maintain appropriate procedures to prevent breaches;

| (iii) | trading or valuation errors; |
| --- | --- |

(iii)

trading or valuation errors;

| (iv) | business disruption, system failures, failure of transaction processing or process management; |
| --- | --- |

(iv)

business disruption, system failures, failure of transaction processing or process management;

| (v) | an action of the investment firm’s tied agents or appointed representatives for which the investment firm is liable; |
| --- | --- |

(v)

an action of the investment firm’s tied agents or appointed representatives for which the investment firm is liable;

| (e) | specifically for investment firms holding client money, any inability of the investment firm to timely return client money when required and associated financial consequences over the past 5 years. |
| --- | --- |

(e)

specifically for investment firms holding client money, any inability of the investment firm to timely return client money when required and associated financial consequences over the past 5 years.

3.   For the purposes of Article 2, with regard to the measurement of the RtM, the indicative qualitative metrics shall be the following:

| (a) | the variability of the value of the positions, including due to changing market conditions; |
| --- | --- |

(a)

the variability of the value of the positions, including due to changing market conditions;

| (b) | the share of complex and illiquid products in the investment firm’s trading book, in terms of volume and net income; |
| --- | --- |

(b)

the share of complex and illiquid products in the investment firm’s trading book, in terms of volume and net income;

| (c) | specifically for investment firms using internal models, the availability of regular back-testing of models used for regulatory purposes. |
| --- | --- |

(c)

specifically for investment firms using internal models, the availability of regular back-testing of models used for regulatory purposes.

4.   For the purposes of Article 2, with regard to the measurement of the RtF, the indicative qualitative metrics shall be the following:

| (a) | the daily trading flow and average daily trading flow over the preceding 5 years; |
| --- | --- |

(a)

the daily trading flow and average daily trading flow over the preceding 5 years;

| (b) | any significant operational events related to daily trading flow and associated financial losses over the preceding 5 years, including processing errors; |
| --- | --- |

(b)

any significant operational events related to daily trading flow and associated financial losses over the preceding 5 years, including processing errors;

| (c) | the variability of the investment firm’s income and revenues over the preceding 5 years; |
| --- | --- |

(c)

the variability of the investment firm’s income and revenues over the preceding 5 years;

| (d) | any losses incurred due to variations in positions in financial instruments, foreign currencies and commodities over the preceding 5 years; |
| --- | --- |

(d)

any losses incurred due to variations in positions in financial instruments, foreign currencies and commodities over the preceding 5 years;

| (e) | the default rate of clients or counterparties, and associated losses over the preceding 5 years; |
| --- | --- |

(e)

the default rate of clients or counterparties, and associated losses over the preceding 5 years;

| (f) | any losses due to material changes in the book value of assets, including due to changes in market conditions and in the creditworthiness of counterparties; |
| --- | --- |

(f)

any losses due to material changes in the book value of assets, including due to changes in market conditions and in the creditworthiness of counterparties;

| (g) | the amounts and variability of payments or contributions under a defined benefit pension scheme over the preceding 5 years; |
| --- | --- |

(g)

the amounts and variability of payments or contributions under a defined benefit pension scheme over the preceding 5 years;

| (h) | any concentration of the investment firm’s assets, including concentration of clients and counterparties, as well as sectoral and geographical concentration; |
| --- | --- |

(h)

any concentration of the investment firm’s assets, including concentration of clients and counterparties, as well as sectoral and geographical concentration;

| (i) | the share of off-balance sheet exposure compared to the investment total assets and related credit risk. |
| --- | --- |

(i)

the share of off-balance sheet exposure compared to the investment total assets and related credit risk.

5.   For the purposes of Article 3, the indicative qualitative metrics shall be the following:

| (a) | any indication of significant financial risks not addressed by the own funds requirements set out in Article 11 of Regulation (EU) 2019/2033, in particular:






  (i) | the average of total operational risk losses over gross income over the preceding 5 years; |
| --- | --- | --- |

(a)

any indication of significant financial risks not addressed by the own funds requirements set out in Article 11 of Regulation (EU) 2019/2033, in particular:

(i)

the average of total operational risk losses over gross income over the preceding 5 years;

| (ii) | any significant operational events and associated financial losses over the preceding 5 years; |
| --- | --- |

(ii)

any significant operational events and associated financial losses over the preceding 5 years;

| (iii) | the share of the investment firm’s net income coming from services or activities that are not listed in Section A of Annex I to Directive 2014/65/EU of the European Parliament and of the Council (5); |
| --- | --- |

(iii)

the share of the investment firm’s net income coming from services or activities that are not listed in Section A of Annex I to Directive 2014/65/EU of the European Parliament and of the Council (5);

| (b) | any indication of significant information and communication technology (ICT) risk, in particular:






  (i) | the overall complexity of ICT architecture, including the share of outsourced ICT services; |
| --- | --- | --- |

(b)

any indication of significant information and communication technology (ICT) risk, in particular:

(i)

the overall complexity of ICT architecture, including the share of outsourced ICT services;

| (ii) | the number of material changes within the ICT environment over the preceding 5 years; |
| --- | --- |

(ii)

the number of material changes within the ICT environment over the preceding 5 years;

| (iii) | any losses due to disruption caused by incidents affecting critical ICT services over the preceding 5 years; |
| --- | --- |

(iii)

any losses due to disruption caused by incidents affecting critical ICT services over the preceding 5 years;

| (iv) | the number of cyberattacks and related losses over the preceding 5 years; |
| --- | --- |

(iv)

the number of cyberattacks and related losses over the preceding 5 years;

| (c) | any indication of significant interest rate risk arising from non-trading book activities, in particular:






  (i) | the volume of transactions based on interest rates or otherwise depending on interest rates, outside of the trading book of the investment firm; |
| --- | --- | --- |

(c)

any indication of significant interest rate risk arising from non-trading book activities, in particular:

(i)

the volume of transactions based on interest rates or otherwise depending on interest rates, outside of the trading book of the investment firm;

| (ii) | the investment firm’s hedging policy and potential misalignments between the position and the hedge, outside of the trading book of the investment firm. |
| --- | --- |

(ii)

the investment firm’s hedging policy and potential misalignments between the position and the hedge, outside of the trading book of the investment firm.

6.   Competent authorities may extend the list of indicative qualitative metrics set out in paragraphs 1 to 5 while ensuring that such additional metrics are proportionate to the investment firm’s size, complexity, business model, and operating model.

7.   Competent authorities shall adjust the metrics set out in paragraphs 1 to 5 and shall use those adjusted metrics where any of the following conditions apply:

| (a) | the metric is not appropriate given the specific legal form, structural changes, business and operating model of the investment firm; |
| --- | --- |

(a)

the metric is not appropriate given the specific legal form, structural changes, business and operating model of the investment firm;

| (b) | the estimation of the metric is overly burdensome given the size and complexity of activities of the investment firm; |
| --- | --- |

(b)

the estimation of the metric is overly burdensome given the size and complexity of activities of the investment firm;

| (c) | the estimation of the metric is not feasible due to the lack of reliable data, where such data do not fall under Articles 54 and 55 of Regulation (EU) 2019/2033 or Article 39(2), point (j), of Directive (EU) 2019/2034; |
| --- | --- |

(c)

the estimation of the metric is not feasible due to the lack of reliable data, where such data do not fall under Articles 54 and 55 of Regulation (EU) 2019/2033 or Article 39(2), point (j), of Directive (EU) 2019/2034;

| (d) | the estimation of the metric is not feasible due to the lack of reliable historical data, rendering the historical analysis period irrelevant. In such cases, competent authorities shall limit the period of historical analysis to the time that has elapsed since the last supervisory review and evaluation process set out in Article 36 of Directive (EU) 2019/2034. |
| --- | --- |

(d)

the estimation of the metric is not feasible due to the lack of reliable historical data, rendering the historical analysis period irrelevant. In such cases, competent authorities shall limit the period of historical analysis to the time that has elapsed since the last supervisory review and evaluation process set out in Article 36 of Directive (EU) 2019/2034.

Where it is not possible for competent authorities to adjust the metrics as referred to in the first subparagraph, competent authorities shall use alternative metrics as appropriate, while ensuring that such alternative metrics are proportionate to the investment firm’s size, complexity, business model, and operating model.

Article 7

Entry into force

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Official Journal of the European Union

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 25 May 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 314, 5.12.2019, p. 64.

1

(2)  Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1).

2

(3)  Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).

3

(4)  Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).

4

(5)  Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).

5

---

| 31.8.2023 | EN | Official Journal of the European Union | L 214/9 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/9

---

COMMISSION DELEGATED REGULATION (EU) 2023/1669

of 16 June 2023

supplementing Regulation (EU) 2017/1369 of the European Parliament and of the Council with regard to the energy labelling of smartphones and slate tablets

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) 2017/1369 of the European Parliament and of the Council of 4 July 2017 setting a framework for energy labelling and repealing Directive 2010/30/EU (1), and in particular Article 16(1) thereof,

Whereas:

| (1) | Regulation (EU) 2017/1369 empowers the Commission to adopt delegated acts as regards the labelling or re-scaling of the labelling of product groups representing significant potential for energy savings and, where relevant, other resources. |
| --- | --- |

(1)

Regulation (EU) 2017/1369 empowers the Commission to adopt delegated acts as regards the labelling or re-scaling of the labelling of product groups representing significant potential for energy savings and, where relevant, other resources.

| (2) | The Commission has carried out a preparatory study to analyse the technical, environmental and economic aspects of mobile phones, smartphones and slate tablets. The study was conducted in close cooperation with stakeholders and interested parties in the Union and third countries, and the results have been made publicly available. |
| --- | --- |

(2)

The Commission has carried out a preparatory study to analyse the technical, environmental and economic aspects of mobile phones, smartphones and slate tablets. The study was conducted in close cooperation with stakeholders and interested parties in the Union and third countries, and the results have been made publicly available.

| (3) | The preparatory study concluded that the scope for reducing the energy consumption of smartphones and slate tablets is substantial. It also concluded that the battery lifetime and consequently the product lifetime of smartphones and slate tablets can significantly be improved by means of an energy labelling scheme. Smartphones and slate tablets should therefore be covered by energy labelling requirements. An energy label is however currently not seen as appropriate for cordless phones and feature phones, given the moderate spread in the energy efficiency of products available on the market. |
| --- | --- |

(3)

The preparatory study concluded that the scope for reducing the energy consumption of smartphones and slate tablets is substantial. It also concluded that the battery lifetime and consequently the product lifetime of smartphones and slate tablets can significantly be improved by means of an energy labelling scheme. Smartphones and slate tablets should therefore be covered by energy labelling requirements. An energy label is however currently not seen as appropriate for cordless phones and feature phones, given the moderate spread in the energy efficiency of products available on the market.

| (4) | In total, smartphones and slate tablets consumed 36,1 TWh of primary energy in 2020, including all life cycle phases. The preparatory study showed that, without regulatory action, these values are likely to increase to 36,5 TWh of primary energy in 2030. The combined effect of this Regulation and Commission Regulation (EU) 2023/1670 (2) is expected to limit the energy consumption of smartphones and slate tablets in 2030 to 23,3 TWh, meaning 35 % of primary energy consumption is saved compared to what would happen if no measures were taken. |
| --- | --- |

(4)

In total, smartphones and slate tablets consumed 36,1 TWh of primary energy in 2020, including all life cycle phases. The preparatory study showed that, without regulatory action, these values are likely to increase to 36,5 TWh of primary energy in 2030. The combined effect of this Regulation and Commission Regulation (EU) 2023/1670 (2) is expected to limit the energy consumption of smartphones and slate tablets in 2030 to 23,3 TWh, meaning 35 % of primary energy consumption is saved compared to what would happen if no measures were taken.

| (5) | Smartphones and slate tablets that are displayed at trade fairs should bear the energy label if the first unit of the model has already been placed on the market or is placed on the market at the trade fair. |
| --- | --- |

(5)

Smartphones and slate tablets that are displayed at trade fairs should bear the energy label if the first unit of the model has already been placed on the market or is placed on the market at the trade fair.

| (6) | The relevant product parameters should be measured or calculated using reliable, accurate and reproducible methods. Those methods should take into account recognised state-of-the-art measurement methods including, where available, harmonised standards adopted by the European standardisation bodies, as listed in Annex I to Regulation (EU) No 1025/2012 of the European Parliament and of the Council (3). |
| --- | --- |

(6)

The relevant product parameters should be measured or calculated using reliable, accurate and reproducible methods. Those methods should take into account recognised state-of-the-art measurement methods including, where available, harmonised standards adopted by the European standardisation bodies, as listed in Annex I to Regulation (EU) No 1025/2012 of the European Parliament and of the Council (3).

| (7) | The energy efficiency index of a smartphone or a slate tablet should be calculated with the operating system version installed on the product model at the date of placement on the market. Until the date of end of placement on the market, if an updated version of the operating system is installed on the same product model, the energy efficiency index should be recalculated and, where applicable, the value of any other parameter of the label and of the product information sheet should be reassessed. Any change in the energy efficiency index, or where applicable in any other parameter value part of the label and of the product information sheet, should be considered relevant in respect to Article 4(4) of Regulation (EU) 2017/1369, in particular when this change is detrimental for the end users. |
| --- | --- |

(7)

The energy efficiency index of a smartphone or a slate tablet should be calculated with the operating system version installed on the product model at the date of placement on the market. Until the date of end of placement on the market, if an updated version of the operating system is installed on the same product model, the energy efficiency index should be recalculated and, where applicable, the value of any other parameter of the label and of the product information sheet should be reassessed. Any change in the energy efficiency index, or where applicable in any other parameter value part of the label and of the product information sheet, should be considered relevant in respect to Article 4(4) of Regulation (EU) 2017/1369, in particular when this change is detrimental for the end users.

| (8) | To facilitate compliance checks, the content of the technical documentation referred to in Annex VI should be sufficient to allow market surveillance authorities to check the values published on the label and in the product information sheet. In accordance with Article 12 of Regulation (EU) 2017/1369, values for the measured and calculated parameters of the model should be entered into the product database. |
| --- | --- |

(8)

To facilitate compliance checks, the content of the technical documentation referred to in Annex VI should be sufficient to allow market surveillance authorities to check the values published on the label and in the product information sheet. In accordance with Article 12 of Regulation (EU) 2017/1369, values for the measured and calculated parameters of the model should be entered into the product database.

| (9) | Recognising the growth of sales of energy-related products through providers of online platforms, as defined in Regulation (EU) 2022/2065 of the European Parliament and of the Council (4), rather than directly from suppliers’ websites, it should be clarified that such providers of online platforms should enable traders to provide information concerning the labelling of the product concerned, in compliance with Article 31(2) of Regulation (EU) 2022/2065. The ‘information concerning the labelling and marking’ referred to in Article 31(2), point (c) of Regulation (EU) 2022/2065 should, in the context of this Regulation, be understood as encompassing both the energy label and the product information sheet. In line with Article 6 of Regulation (EU) 2022/2065, providers of online platforms are not liable for products sold through their interfaces on the condition that they do not have actual knowledge of the illegality of such products and upon receiving knowledge on the illegality of the products they act expeditiously to remove them from their interfaces. A supplier selling directly to end-users via its own website is covered by dealers’ distance selling obligations referred to in Article 5 of Regulation (EU) 2017/1369. |
| --- | --- |

(9)

Recognising the growth of sales of energy-related products through providers of online platforms, as defined in Regulation (EU) 2022/2065 of the European Parliament and of the Council (4), rather than directly from suppliers’ websites, it should be clarified that such providers of online platforms should enable traders to provide information concerning the labelling of the product concerned, in compliance with Article 31(2) of Regulation (EU) 2022/2065. The ‘information concerning the labelling and marking’ referred to in Article 31(2), point (c) of Regulation (EU) 2022/2065 should, in the context of this Regulation, be understood as encompassing both the energy label and the product information sheet. In line with Article 6 of Regulation (EU) 2022/2065, providers of online platforms are not liable for products sold through their interfaces on the condition that they do not have actual knowledge of the illegality of such products and upon receiving knowledge on the illegality of the products they act expeditiously to remove them from their interfaces. A supplier selling directly to end-users via its own website is covered by dealers’ distance selling obligations referred to in Article 5 of Regulation (EU) 2017/1369.

| (10) | In order to ensure coherence with existing industry norms, references in this Regulation related to fasteners and connectors, tools, working environment and skill level, in the context of calculating the repairability score, are consistent with the terminology used in standard EN 45554, which provides general methods for the assessment of the ability to repair, reuse and upgrade energy-related products. |
| --- | --- |

(10)

In order to ensure coherence with existing industry norms, references in this Regulation related to fasteners and connectors, tools, working environment and skill level, in the context of calculating the repairability score, are consistent with the terminology used in standard EN 45554, which provides general methods for the assessment of the ability to repair, reuse and upgrade energy-related products.

| (11) | The requirements set out in this Regulation should apply from 21 months after its entry into force. |
| --- | --- |

(11)

The requirements set out in this Regulation should apply from 21 months after its entry into force.

| (12) | The measures provided for in this Regulation were discussed by the Consultation Forum established pursuant to Article 14(1) of Regulation (EU) 2017/1369 and with the Member States experts in accordance with Article 17 of Regulation (EU) 2017/1369, |
| --- | --- |

(12)

The measures provided for in this Regulation were discussed by the Consultation Forum established pursuant to Article 14(1) of Regulation (EU) 2017/1369 and with the Member States experts in accordance with Article 17 of Regulation (EU) 2017/1369,

HAS ADOPTED THIS REGULATION:

Article 1

Subject matter and scope

This Regulation establishes requirements for the labelling of smartphones and slate tablets, and the provision of supplementary product information on smartphones and slate tablets.

This Regulation does not apply to the following products:

| (a) | mobile phones and tablets with a flexible main display which the user can unroll and roll up partly or fully; |
| --- | --- |

(a)

mobile phones and tablets with a flexible main display which the user can unroll and roll up partly or fully;

| (b) | smartphones for high security communication. |
| --- | --- |

(b)

smartphones for high security communication.

Article 2

Definitions

1.   For the purpose of this Regulation, the following definitions shall apply:

| (1) | ‘mobile phone’ means a cordless handheld electronic device, which has the following characteristics:






  (a) | it is designed for long-range voice communication over either a cellular telecommunications network or a satellite-based telecommunications network, requiring a SIM card, eSIM or similar means to identify the connected parties; |
| --- | --- | --- |

(1)

‘mobile phone’ means a cordless handheld electronic device, which has the following characteristics:

(a)

it is designed for long-range voice communication over either a cellular telecommunications network or a satellite-based telecommunications network, requiring a SIM card, eSIM or similar means to identify the connected parties;

| (b) | it is designed for battery mode usage, and connection to mains via an external power supply and/or wireless power transmission is mainly for battery charging purposes; |
| --- | --- |

(b)

it is designed for battery mode usage, and connection to mains via an external power supply and/or wireless power transmission is mainly for battery charging purposes;

| (c) | it is not designed to be worn on the wrist; |
| --- | --- |

(c)

it is not designed to be worn on the wrist;

| (2) | ‘smartphone’ means a mobile phone, which has the following characteristics:






  (a) | it is characterised by wireless network connection, mobile use of internet services, an operating system optimised for handheld use and the ability to accept original and third-party software applications; |
| --- | --- | --- |

(2)

‘smartphone’ means a mobile phone, which has the following characteristics:

(a)

it is characterised by wireless network connection, mobile use of internet services, an operating system optimised for handheld use and the ability to accept original and third-party software applications;

| (b) | it has an integrated touch screen display with a viewable diagonal size of 10,16 centimetres (or 4,0 inches) or more, but less than 17,78 centimetres (or 7,0 inches); |
| --- | --- |

(b)

it has an integrated touch screen display with a viewable diagonal size of 10,16 centimetres (or 4,0 inches) or more, but less than 17,78 centimetres (or 7,0 inches);

| (c) | where the device has a foldable display or has more than one display, at least one of the displays falls into the size range in either opened or closed mode; |
| --- | --- |

(c)

where the device has a foldable display or has more than one display, at least one of the displays falls into the size range in either opened or closed mode;

| (3) | ‘smartphone for high security communication’ means a smartphone, which has the following characteristics:






  (a) | it is accredited, or otherwise approved by the designated authority in a Member State or is in the process of accreditation or other approval to transmit, process or store classified information; |
| --- | --- | --- |

(3)

‘smartphone for high security communication’ means a smartphone, which has the following characteristics:

(a)

it is accredited, or otherwise approved by the designated authority in a Member State or is in the process of accreditation or other approval to transmit, process or store classified information;

| (b) | it is intended for professional users only; |
| --- | --- |

(b)

it is intended for professional users only;

| (c) | it is capable of detecting physical intrusion to the hardware, including for intrusion detection at least a controller, related wiring, flexible printed circuit board circuitry for drill protection integrated to the device chassis and integrated tamper loops on the main printed circuit board; |
| --- | --- |

(c)

it is capable of detecting physical intrusion to the hardware, including for intrusion detection at least a controller, related wiring, flexible printed circuit board circuitry for drill protection integrated to the device chassis and integrated tamper loops on the main printed circuit board;

| (4) | ‘professional user’ means any natural or legal person, to whom a product has been made available for use in the course of their industrial or professional activities; |
| --- | --- |

(4)

‘professional user’ means any natural or legal person, to whom a product has been made available for use in the course of their industrial or professional activities;

| (5) | ‘slate tablet’ means a device that is designed for portability and has the following characteristics:






  (a) | it has an integrated touch-sensitive display with a viewable diagonal size greater than or equal to 17,78 centimetres (or 7,0 inches) and less than 44,20 centimetres (or 17,4 inches); |
| --- | --- | --- |

(5)

‘slate tablet’ means a device that is designed for portability and has the following characteristics:

(a)

it has an integrated touch-sensitive display with a viewable diagonal size greater than or equal to 17,78 centimetres (or 7,0 inches) and less than 44,20 centimetres (or 17,4 inches);

| (b) | it does not have an integrated, physically attached keyboard in its designed configuration; |
| --- | --- |

(b)

it does not have an integrated, physically attached keyboard in its designed configuration;

| (c) | it primarily relies on a wireless network connection; |
| --- | --- |

(c)

it primarily relies on a wireless network connection;

| (d) | it is powered by an internal battery and is not intended to work without battery; and |
| --- | --- |

(d)

it is powered by an internal battery and is not intended to work without battery; and

| (e) | it is placed on the market with an operating system designed for mobile platforms, identical or analogous to smartphones; |
| --- | --- |

(e)

it is placed on the market with an operating system designed for mobile platforms, identical or analogous to smartphones;

| (6) | ‘point of sale’ means a location where smartphone or slate tablet units are displayed or offered for sale, hire or hire-purchase. |
| --- | --- |

(6)

‘point of sale’ means a location where smartphone or slate tablet units are displayed or offered for sale, hire or hire-purchase.

2.   For the purposes of Annexes II to IX, the definitions set out in Annex I shall apply.

Article 3

Obligations of suppliers

1.   Suppliers shall ensure that:

| (a) | each smartphone or slate tablet is supplied with a printed label in the format as set out in Annex III; |
| --- | --- |

(a)

each smartphone or slate tablet is supplied with a printed label in the format as set out in Annex III;

| (b) | the values of the parameters of the product information sheet, as set out in Annex V, are entered into the public part of the product database; |
| --- | --- |

(b)

the values of the parameters of the product information sheet, as set out in Annex V, are entered into the public part of the product database;

| (c) | where specifically requested by the dealer, the product information sheet is made available in printed form; |
| --- | --- |

(c)

where specifically requested by the dealer, the product information sheet is made available in printed form;

| (d) | the content of the technical documentation, as set out in Annex VI, is entered into the product database; |
| --- | --- |

(d)

the content of the technical documentation, as set out in Annex VI, is entered into the product database;

| (e) | any visual advertisement for a specific model of smartphones or slate tablets contains the energy efficiency class and the range of energy efficiency classes available on the label in accordance with Annexes VII and VIII; |
| --- | --- |

(e)

any visual advertisement for a specific model of smartphones or slate tablets contains the energy efficiency class and the range of energy efficiency classes available on the label in accordance with Annexes VII and VIII;

| (f) | any technical promotional material concerning a specific model of smartphones or slate tablets, including technical promotional material on the internet, which describes its specific technical parameters includes the energy efficiency class of that model and the range of energy efficiency classes available on the label, in accordance with Annex VII; |
| --- | --- |

(f)

any technical promotional material concerning a specific model of smartphones or slate tablets, including technical promotional material on the internet, which describes its specific technical parameters includes the energy efficiency class of that model and the range of energy efficiency classes available on the label, in accordance with Annex VII;

| (g) | an electronic label in the format and containing the information, as set out in Annex III, is made available to dealers for each smartphone and slate tablet model; |
| --- | --- |

(g)

an electronic label in the format and containing the information, as set out in Annex III, is made available to dealers for each smartphone and slate tablet model;

| (h) | an electronic product information sheet, as set out in Annex V, is made available to dealers for each smartphone and slate tablet model. |
| --- | --- |

(h)

an electronic product information sheet, as set out in Annex V, is made available to dealers for each smartphone and slate tablet model.

2.   The energy efficiency class and the repeated free fall reliability class as set out in Annex II shall be calculated in accordance with Annex IV.

Article 4

Obligations of dealers

Dealers shall ensure that:

| (a) | each smartphone and slate tablet, at the point of sale, including at trade fairs, bears the label provided by suppliers in accordance with point (a) of Article 3(1) displayed in proximity to the product or hung on it or placed in such a way as to be clearly visible and unequivocally associated to the specific model; |
| --- | --- |

(a)

each smartphone and slate tablet, at the point of sale, including at trade fairs, bears the label provided by suppliers in accordance with point (a) of Article 3(1) displayed in proximity to the product or hung on it or placed in such a way as to be clearly visible and unequivocally associated to the specific model;

| (b) | in the event of distance selling, the label and product information sheet are provided in accordance with Annexes VII and VIII; |
| --- | --- |

(b)

in the event of distance selling, the label and product information sheet are provided in accordance with Annexes VII and VIII;

| (c) | any visual advertisement for a specific model of smartphones or slate tablets, including on the internet, contains the energy efficiency class and the range of energy efficiency classes available on the label, in accordance with Annex VII; |
| --- | --- |

(c)

any visual advertisement for a specific model of smartphones or slate tablets, including on the internet, contains the energy efficiency class and the range of energy efficiency classes available on the label, in accordance with Annex VII;

| (d) | any technical promotional material concerning a specific model of smartphone or slate tablet, including technical promotional material on the internet, which describes its specific technical parameters includes the energy efficiency class of that model and the range of energy efficiency classes available on the label, in accordance with Annex VII. |
| --- | --- |

(d)

any technical promotional material concerning a specific model of smartphone or slate tablet, including technical promotional material on the internet, which describes its specific technical parameters includes the energy efficiency class of that model and the range of energy efficiency classes available on the label, in accordance with Annex VII.

Article 5

Measurement methods

The information to be provided pursuant to Articles 3 and 4 shall be obtained by reliable, accurate and reproducible measurement and calculation methods, which take into account the recognised state-of-the-art measurement and calculation methods, as set out in Annex IV.

Article 6

Verification procedure for market surveillance purposes

Member States shall apply the verification procedure laid down in Annex IX when performing the market surveillance checks referred to in Article 8(3) of Regulation (EU) 2017/1369.

Article 7

Review

The Commission shall review this Regulation in the light of technological progress and present the results of this assessment including, if appropriate, a draft revision proposal, to the Consultation Forum established pursuant to Article 14(1) of Regulation (EU) 2017/1369, no later than 20 September 2027.

The review shall in particular assess the appropriateness of:

| (a) | revising the test methods to reflect changes in typical end-user behaviour and new functionalities; |
| --- | --- |

(a)

revising the test methods to reflect changes in typical end-user behaviour and new functionalities;

| (b) | adding environmental footprint information on the label; |
| --- | --- |

(b)

adding environmental footprint information on the label;

| (c) | revising the verification tolerances set out in Annex IX; |
| --- | --- |

(c)

revising the verification tolerances set out in Annex IX;

| (d) | revising the repairability index, including additional aspects and the prices of spare parts. |
| --- | --- |

(d)

revising the repairability index, including additional aspects and the prices of spare parts.

Article 8

Entry into force and application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Official Journal of the European Union

It shall apply from 20 June 2025.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 June 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 198, 28.7.2017, p. 1.

1

(2)  Commission Regulation (EU) 2023/1670 of 16 June 2023 laying down ecodesign requirements for smartphones, mobile phones other than smartphones, cordless phones and slate tablets pursuant to Directive 2009/125/EC of the European Parliament and of the Council and amending Commission Regulation (EU) 2023/826 (see page 47 of this Official Journal).

2

(3)  Regulation (EU) No 1025/2012 of the European Parliament and of the Council of 25 October 2012 on European standardisation, amending Council Directives 89/686/EEC and 93/15/EEC and Directives 94/9/EC, 94/25/EC, 95/16/EC, 97/23/EC, 98/34/EC, 2004/22/EC, 2007/23/EC, 2009/23/EC and 2009/105/EC of the European Parliament and of the Council and repealing Council Decision 87/95/EEC and Decision No 1673/2006/EC of the European Parliament and of the Council (OJ L 316, 14.11.2012, p. 12).

3

(4)  Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC (Digital Services Act) (OJ L 277, 27.10.2022, p. 1).

4

---

ANNEX I

Definitions applicable to the Annexes

(1)

‘declared values’ means the values provided by the supplier for the stated, calculated or measured technical parameters in the technical documentation pursuant to Article 3(3) of Regulation (EU) 2017/1369 and in accordance with Article 3(1), point (d), and Annex VI of this Regulation, for the verification of compliance by the Member State authorities;

(2)

‘battery endurance per cycle’ means the time a smartphone or slate tablet can operate running a defined test scenario with an initially fully charged battery, before the device shuts off automatically due to a drained battery, expressed in hours (h);

(3)

‘rated capacity’ means the amount of electricity declared by the manufacturer that a battery can deliver during a 5-hour period when measured under specified conditions, expressed in milliampere-hours (mAh);

(4)

‘remaining capacity’ of a battery means the capacity with the battery keeping normal peak performance and measured relative to when the product was new;

(5)

‘battery endurance in cycles’ means the number of charge/discharge cycles a battery can withstand until its usable electrical capacity has reached 80 % of its rated capacity, expressed in cycles;

(6)

‘ENDdevice [h]’ means the battery endurance per cycle calculated as a weighted value based on the measured endurance for defined functions, including standby, expressed in hours;

(7)

‘C’ means a measure of the rate at which a battery is charged relative to its capacity, defined as the charge current divided by the capacity, expressed in 1/h;

(8)

‘nominal voltage’ means the voltage of a battery measured at the mid point between fully charged and fully discharged based on a 0,2 C discharge rate;

(9)

‘final voltage for battery endurance in cycles test’ means the specified closed circuit voltage at which a discharge of a battery is terminated, during test;

(10)

‘energy efficiency index’ means the ratio between the battery endurance per cycle (ENDdevice) and the nominal voltage of the battery multiplied by the rated capacity of the battery;

(11)

‘ingress protection rating’ means the extent of protection provided by an enclosure against ingress of solid foreign objects and/or against ingress of water, measured according to standardised test methods and expressed with a coding system to indicate the degree of such protection;

(12)

‘fully extended state’ means a state of the device whereby movable parts as intended for use, such as displays and keyboards, are unfolded, flipped open or similarly extended in a way that the projected area of length times width is maximised;

(13)

| (a) | reimburse the price paid; |
| --- | --- |

(a)

reimburse the price paid;

| (b) | replace, repair or handle the smartphone or slate tablet in any way if it does not meet the specifications set out in the guarantee statement or in the relevant advertising; |
| --- | --- |

(b)

replace, repair or handle the smartphone or slate tablet in any way if it does not meet the specifications set out in the guarantee statement or in the relevant advertising;

(14)

‘spare part’ means a separate part that can replace a part with the same or similar function in a smartphone or slate tablet. The functionality of the smartphone or slate tablet is restored or upgraded when the part is replaced by a spare part. Spare parts may be used parts;

(15)

‘disassembly’ means a process whereby a product is separated into its parts and/or components in such a way that it could subsequently be reassembled and made operational;

(16)

‘fastener’ means a hardware device or substance that mechanically, magnetically or by other means connects or fixes two or more objects, parts or pieces. A hardware device which in addition serves an electrical function shall also be considered a fastener;

(17)

‘reusable fastener’ means a fastener that can be completely reused in the reassembly for the same purpose and that does no damage either to the product or to the fastener itself during the disassembly or reassembly process in a way that makes their multiple reuse impossible;

(18)

‘resupplied fastener’ means a removable fastener that is supplied at no additional cost with the spare part which it is intended to connect or fix; adhesives shall be considered resupplied fasteners if they are supplied with the spare part in a quantity that is sufficient for the reassembly, at no additional cost;

(19)

‘removable fastener’ means a fastener that is not a reusable fastener, but whose removal does not damage the product, or leave residue, which precludes reassembly;

(20)

‘step’ means an operation that finishes with the removal of a part (or bundle) or with a change of tool; any placement of a part away from its initial location, even if that entails partial disconnection or unplugging, shall also be considered as removal;

(21)

‘security update’ means an operating system update, including security patches, if relevant for a given device, whose main purpose is to provide enhanced security for the device;

(22)

‘corrective update’ means an operating system update, including corrective patches, whose purpose is to provide corrections to bugs, errors or malfunctions in the operating system;

(23)

‘functionality update’ means an operating system update whose main purpose is to implement new functionalities;

(24)

‘battery’ means any part consisting of one or several battery cells, including, as relevant to the product model, an electronic circuitry with battery-related sensors for battery management, housing(s), battery tray, brackets, shieldings, thermal interface materials, and electric connections to other assemblies of the device;

(25)

‘back cover’ or ‘back cover assembly’ means the main backside housing, including one or more of the following elements, as relevant to the product model: the frame, a backside cover layer attached to the main back cover body, rear-facing camera lens covers, printed antennas, brackets, shieldings, gaskets, electric connections to other assemblies of the device and thermal interface materials;

(26)

‘auxiliary microphone’ means a microphone that is not essential for user’s voice signals, but provides secondary functions, such as, but not limited to, ambient noise reduction;

(27)

| (a) | camera components and related sensors; |
| --- | --- |

(a)

camera components and related sensors;

| (b) | flashlight components; |
| --- | --- |

(b)

flashlight components;

| (c) | optical components; |
| --- | --- |

(c)

optical components;

| (d) | mechanical components needed for functions such as image stabilisation and focus; |
| --- | --- |

(d)

mechanical components needed for functions such as image stabilisation and focus;

| (e) | module housing(s); |
| --- | --- |

(e)

module housing(s);

| (f) | brackets; |
| --- | --- |

(f)

brackets;

| (g) | shieldings; |
| --- | --- |

(g)

shieldings;

| (h) | signal lights; |
| --- | --- |

(h)

signal lights;

| (i) | auxiliary microphones; |
| --- | --- |

(i)

auxiliary microphones;

| (j) | electric connections to other assemblies of the device; |
| --- | --- |

(j)

electric connections to other assemblies of the device;

(28)

| (a) | camera components and related sensors; |
| --- | --- |

(a)

camera components and related sensors;

| (b) | flashlight components; |
| --- | --- |

(b)

flashlight components;

| (c) | optical components; |
| --- | --- |

(c)

optical components;

| (d) | mechanical components needed for functions such as image stabilisation and focus; |
| --- | --- |

(d)

mechanical components needed for functions such as image stabilisation and focus;

| (e) | module housing(s); |
| --- | --- |

(e)

module housing(s);

| (f) | brackets; |
| --- | --- |

(f)

brackets;

| (g) | shieldings; |
| --- | --- |

(g)

shieldings;

| (h) | auxiliary microphones; |
| --- | --- |

(h)

auxiliary microphones;

| (i) | electric connections to other assemblies of the device; |
| --- | --- |

(i)

electric connections to other assemblies of the device;

(29)

‘external audio connector’ means a connector for audio signals to connect to a headset or external loudspeakers or similar audio device, including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

(30)

‘external charging port’ means a port for wired battery charging, possibly also used for data exchange and reverse charging of another device, which is composed of a USB-C receptacle and a related housing and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

(31)

‘mechanical button’ means a mechanical switch or an assembly of mechanical switches that can be depressed or a slider button which can be mechanically moved to switch on or off functions such as volume, triggering the camera, or switching on or off the device and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

(32)

‘main microphone(s)’ means the microphone(s) intended for the user’s voice signals including, as relevant to the product model, gaskets and electric connections to other assemblies of the device;

(33)

‘speaker’ means all loudspeakers and mechanical parts to generate sound, including, as relevant to the product model, module housing(s), gaskets and electric connections to other assemblies of the device;

(34)

‘hinge assembly’ means a part that allows a device to be folded while preserving its operational integrity including, where relevant, module housings;

(35)

‘mechanical display folding mechanism’ means a part that allows a device, including its display, to be folded while preserving its operational integrity;

(36)

‘charger’ means an external power supply to charge the battery of and provide electrical power to a battery-powered mobile phone, cordless phone or slate tablet;

(37)

| (a) | backplate; |
| --- | --- |

(a)

backplate;

| (b) | shielding; |
| --- | --- |

(b)

shielding;

| (c) | display frame; |
| --- | --- |

(c)

display frame;

| (d) | backlight units; |
| --- | --- |

(d)

backlight units;

| (e) | electronics circuitry including:






  (i) | display driver but excluding the main graphics processing unit functionality; |
| --- | --- | --- |

(e)

electronics circuitry including:

(i)

display driver but excluding the main graphics processing unit functionality;

| (ii) | row and column controllers; |
| --- | --- |

(ii)

row and column controllers;

| (iii) | touch signal circuitry; |
| --- | --- |

(iii)

touch signal circuitry;

| (iv) | electric connections to other assemblies of the device; |
| --- | --- |

(iv)

electric connections to other assemblies of the device;

(38)

‘professional repairer’ means an operator or undertaking which performs repair and professional maintenance of smartphones or slate tablets, either as a service or with a view to the subsequent resale of the repaired device;

(39)

‘repair and maintenance information’ means the repair and maintenance information as from Annex II, point B 1.1 (2)e of Regulation (EU) 2023/1670, for smartphones, and as from Annex II, point D 1.1 (2)e of Regulation (EU) 2023/1670, for slate tablets, that manufacturers, importers or authorised representatives are required to provide access to in relation to the relevant product;

(40)

‘date of placement on the market’ means the date of placing on the market of the first unit of a product model;

(41)

‘date of end of placement on the market’ means the date of placing on the market of the last unit of a product model;

(42)

‘proprietary tool’ means a tool that is not available for purchase by the general public or for which any applicable patents are not available to licence under fair, reasonable and non-discriminatory terms;

(43)

‘basic tools’ means a screwdriver for slotted heads, a screwdriver for cross recess screws, a screwdriver for hexalobular recess heads, a hexagon socket key, a combination wrench, combination pliers, combination pliers for wire stripping and terminal crimping, half round nose pliers, diagonal cutters, multigrip pliers, locking pliers, a prying lever, tweezers, magnifying glass, a spudger and a pick;

(44)

‘commercially available tool’ means a tool that is available for purchase by the general public and is neither a basic tool nor a proprietary tool;

(45)

‘separate protective cover’ means a protective cover which may be shipped with a smartphone or slate tablet, but does not serve as a required part of the housing and is not considered an integral part of the product.

---

ANNEX II

Energy efficiency classes

| A. | The energy efficiency class of a smartphone or a slate tablet shall be determined on the basis of its Energy Efficiency Index (EEI) as set out in Table 1 for smartphones and table 2 for slate tablets. The EEI of a smartphone or a slate tablet shall be determined in accordance with Annex IV, point 1.

  Table 1


  Energy efficiency classes of smartphones







  Energy Efficiency Class | Energy Efficiency Index (EEI) |
| --- | --- | --- |
| A (most efficient) | EEI > 2,70 |
| B | 2,30 < EEI ≤ 2,70 |
| C | 1,95 < EEI ≤ 2,30 |
| D | 1,66 < EEI ≤ 1,95 |
| E | 1,41 < EEI ≤ 1,66 |
| F | 1,20 < EEI ≤ 1,41 |
| G (least efficient) | EEI ≤ 1,20 |

A.

Table 1

Energy efficiency classes of smartphones

Energy Efficiency Class

Energy Efficiency Index (EEI)

A (most efficient)

EEI > 2,70

B

2,30 < EEI ≤ 2,70

C

1,95 < EEI ≤ 2,30

D

1,66 < EEI ≤ 1,95

E

1,41 < EEI ≤ 1,66

F

1,20 < EEI ≤ 1,41

G (least efficient)

EEI ≤ 1,20

Table 2

Energy efficiency classes of slate tablets

| Energy Efficiency Class | Energy Efficiency Index (EEI) |
| --- | --- |
| A (most efficient) | EEI > 7,90 |
| B | 6,32 < EEI ≤ 7,90 |
| C | 5,06 < EEI ≤ 6,32 |
| D | 4,04 < EEI ≤ 5,06 |
| E | 3,24 < EEI ≤ 4,04 |
| F | 2,59 < EEI ≤ 3,24 |
| G (least efficient) | EEI ≤ 2,59 |

Energy Efficiency Class

Energy Efficiency Index (EEI)

A (most efficient)

EEI > 7,90

B

6,32 < EEI ≤ 7,90

C

5,06 < EEI ≤ 6,32

D

4,04 < EEI ≤ 5,06

E

3,24 < EEI ≤ 4,04

F

2,59 < EEI ≤ 3,24

G (least efficient)

EEI ≤ 2,59

| B. | The repeated free fall reliability class of a smartphone or a slate tablet shall be determined on the basis of the number of falls without defect as set out in Table 3. The number of falls without defect shall be determined in accordance with Annex IV, point 4.

  Table 3


  Repeated free fall reliability classes of smartphones and slate tablets | Falls without defect |
| --- | --- | --- |
| Repeated Free Fall Reliability Class | Non-foldable smartphone | Non-foldable slate tablet | Foldable smartphone | Foldable slate tablet |
| A (most robust) | n ≥ 270 | n ≥ 208 | n ≥ 210 (in un-extended state) and
  n ≥ 45 (in fully extended state) | n ≥ 182 (in un-extended state) and
  n ≥ 20 (in fully extended state) |
| B | 180 ≤ n < 270 | 156 ≤ n < 208 | 140 ≤ n < 210 (in un-extended state) and
  35 ≤ n < 45 (in fully extended state) | 130 ≤ n < 182 (in un-extended state) and
  15 ≤ n < 20 (in fully extended state) |
| C | 90 ≤ n < 180 | 104 ≤ n < 156 | 70 ≤ n < 140 (in un-extended state) and 25 ≤ n < 35 (in fully extended state) | 78 ≤ n < 130 (in un-extended state) and 10 ≤ n < 15 (in fully extended state) |
| D | 45 ≤ n < 90 | 52 ≤ n < 104 | 35 ≤ n < 70 (in un-extended state) and
  15 ≤ n < 25 (in fully extended state) | 52 ≤ n < 78 (in un-extended state) and
  5 ≤ n < 10 (in fully extended state) |
| E (least robust) | - | n < 52 | - | n < 52 (in un-extended state) and
  n < 5 (in fully extended state) |

B.

Table 3

Repeated free fall reliability classes of smartphones and slate tablets

Falls without defect

Repeated Free Fall Reliability Class

Non-foldable smartphone

Non-foldable slate tablet

Foldable smartphone

Foldable slate tablet

A (most robust)

n ≥ 270

n ≥ 208

n ≥ 210 (in un-extended state) and

n ≥ 45 (in fully extended state)

n ≥ 182 (in un-extended state) and

n ≥ 20 (in fully extended state)

B

180 ≤ n < 270

156 ≤ n < 208

140 ≤ n < 210 (in un-extended state) and

35 ≤ n < 45 (in fully extended state)

130 ≤ n < 182 (in un-extended state) and

15 ≤ n < 20 (in fully extended state)

C

90 ≤ n < 180

104 ≤ n < 156

70 ≤ n < 140 (in un-extended state) and 25 ≤ n < 35 (in fully extended state)

78 ≤ n < 130 (in un-extended state) and 10 ≤ n < 15 (in fully extended state)

D

45 ≤ n < 90

52 ≤ n < 104

35 ≤ n < 70 (in un-extended state) and

15 ≤ n < 25 (in fully extended state)

52 ≤ n < 78 (in un-extended state) and

5 ≤ n < 10 (in fully extended state)

E (least robust)

-

n < 52

-

n < 52 (in un-extended state) and

n < 5 (in fully extended state)

| C. | The repairability class of a smartphone or a slate tablet shall be determined on the basis of the repairability index as set out in Table 4. The repairability index shall be determined in accordance with Annex IV, point 5.

  Table 4


  Repairability classes of smartphones and slate tablets







  Repairability Class | Repairability Index (R) |
| --- | --- | --- |
| A (most repairable) | R ≥ 4,00 |
| B | 4,00 > R ≥ 3,35 |
| C | 3,35 > R ≥ 2,55 |
| D | 2,55 > R ≥ 1,75 |
| E (least repairable) | 1,75 > R ≥ 1,00 |

C.

Table 4

Repairability classes of smartphones and slate tablets

Repairability Class

Repairability Index (R)

A (most repairable)

R ≥ 4,00

B

4,00 > R ≥ 3,35

C

3,35 > R ≥ 2,55

D

2,55 > R ≥ 1,75

E (least repairable)

1,75 > R ≥ 1,00

---

ANNEX III

Label for smartphones and slate tablets

1.   LABEL FOR SMARTPHONES AND SLATE TABLETS

Label:

Image 1

The following information shall be included in the label for smartphones and slate tablets:

| (I) | a QR code; |
| --- | --- |

(I)

a QR code;

| (II) | the trade mark; |
| --- | --- |

(II)

the trade mark;

| (III) | the supplier’s model identifier; |
| --- | --- |

(III)

the supplier’s model identifier;

| (IV) | the scale of energy efficiency classes from A to G; |
| --- | --- |

(IV)

the scale of energy efficiency classes from A to G;

| (V) | the energy efficiency class determined in accordance with Annex II; |
| --- | --- |

(V)

the energy efficiency class determined in accordance with Annex II;

| (VI) | the battery endurance per cycle (ENDDevice), in hours and minutes per full battery charge, in accordance with Annex IV, point 1; |
| --- | --- |

(VI)

the battery endurance per cycle (ENDDevice), in hours and minutes per full battery charge, in accordance with Annex IV, point 1;

| (VII) | repeated free fall reliability class determined in accordance with Annex II; |
| --- | --- |

(VII)

repeated free fall reliability class determined in accordance with Annex II;

| (VIII) | repairability class determined in accordance with Annex II; |
| --- | --- |

(VIII)

repairability class determined in accordance with Annex II;

| (IX) | battery endurance in cycles, in cycles, in accordance with Annex IV, point 2; |
| --- | --- |

(IX)

battery endurance in cycles, in cycles, in accordance with Annex IV, point 2;

| (X) | ingress protection rating in accordance with Annex IV, point 3; |
| --- | --- |

(X)

ingress protection rating in accordance with Annex IV, point 3;

| (XI) | the number of this Regulation, that is ‘ 2023/1669’. |
| --- | --- |

(XI)

the number of this Regulation, that is ‘ 2023/1669’.

2.   LABEL DESIGN FOR SMARTPHONES AND SLATE TABLETS

| 2.1. | The design of the label for smartphones and slate tablets shall be as in the figure below. |
| --- | --- |

2.1.

Image 2

| 2.2. | The label for smartphones and slate tablets shall fulfil the following specifications:






  (a) | The label shall be at least 68 mm wide and 136 mm high. Where the label is printed in a larger format, its content shall nevertheless remain proportionate to those specifications above. If necessary to fit the label into the product packaging, the label can be printed scaled down, but not less than 70 % of the above specified width and height; its content shall nevertheless be proportionate to the specifications above and the QR code still readable by a commonly available QR reader, such as those integrated in a smartphone; |
| --- | --- | --- |

2.2.

(a)

The label shall be at least 68 mm wide and 136 mm high. Where the label is printed in a larger format, its content shall nevertheless remain proportionate to those specifications above. If necessary to fit the label into the product packaging, the label can be printed scaled down, but not less than 70 % of the above specified width and height; its content shall nevertheless be proportionate to the specifications above and the QR code still readable by a commonly available QR reader, such as those integrated in a smartphone;

| (b) | The background of the label shall be 100 % white; |
| --- | --- |

(b)

The background of the label shall be 100 % white;

| (c) | The typeface shall be Verdana; |
| --- | --- |

(c)

The typeface shall be Verdana;

| (d) | The dimensions and specifications of the elements constituting the label shall be as indicated in the label design; |
| --- | --- |

(d)

The dimensions and specifications of the elements constituting the label shall be as indicated in the label design;

| (e) | Colours shall be CMYK – cyan, magenta, yellow and black, following this example: 0,70,100,0: 0 % cyan, 70 % magenta, 100 % yellow, 0 % black; |
| --- | --- |

(e)

Colours shall be CMYK – cyan, magenta, yellow and black, following this example: 0,70,100,0: 0 % cyan, 70 % magenta, 100 % yellow, 0 % black;

| (f) | The label shall fulfil all of the following requirements (numbers refer to the figures above): | the colours of the EU logo shall be as follows:






  — | the background: 100,80,0,0; |
| --- | --- | --- | --- |

(f)

The label shall fulfil all of the following requirements (numbers refer to the figures above):

Image 3
  the colours of the EU logo shall be as follows:

—

the background: 100,80,0,0;

| — | the stars: 0,0,100,0; |
| --- | --- |

—

the stars: 0,0,100,0;

| | the colour of the energy logo shall be: 100,80,0,0; |
| --- | --- |

Image 4
  the colour of the energy logo shall be: 100,80,0,0;

| | the QR code shall be 100 % black; |
| --- | --- |

Image 5
  the QR code shall be 100 % black;

| | the trade mark shall be 100 % black and in Bold, 7 pt; |
| --- | --- |

Image 6
  the trade mark shall be 100 % black and in Bold, 7 pt;

| | the model identifier shall be 100 % black and in Regular 7 pt; |
| --- | --- |

Image 7
  the model identifier shall be 100 % black and in Regular 7 pt;

| | the A to G scale shall be as follows:






  — | the letters of the energy efficiency scale shall be 100 % white and in Bold 11 pt; the letters shall be centred on an axis at 4 mm from the left side of the arrows; |
| --- | --- | --- |

Image 8
  the A to G scale shall be as follows:

—

the letters of the energy efficiency scale shall be 100 % white and in Bold 11 pt; the letters shall be centred on an axis at 4 mm from the left side of the arrows;

| — | the colours of the A to G scale arrows shall be as follows:






  — | A-class: 100,0,100,0; |
| --- | --- | --- |

—

the colours of the A to G scale arrows shall be as follows:

—

A-class: 100,0,100,0;

| — | B-class: 70,0,100,0; |
| --- | --- |

—

B-class: 70,0,100,0;

| — | C-class: 30,0,100,0; |
| --- | --- |

—

C-class: 30,0,100,0;

| — | D-class: 0,0,100,0; |
| --- | --- |

—

D-class: 0,0,100,0;

| — | E-class: 0,30,100,0; |
| --- | --- |

—

E-class: 0,30,100,0;

| — | F-class: 0,70,100,0; |
| --- | --- |

—

F-class: 0,70,100,0;

| — | G-class: 0,100,100,0; |
| --- | --- |

—

G-class: 0,100,100,0;

| | the internal dividers shall have a weight of 0,5 pt and the colour shall be 100 % black; |
| --- | --- |

Image 9
  the internal dividers shall have a weight of 0,5 pt and the colour shall be 100 % black;

| | the letter of the energy efficiency class shall be 100 % white and in Bold 20 pt. The energy efficiency class arrow and the corresponding arrow in the A to G scale shall be positioned in such a way that their tips are aligned. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow which shall be 100 % black; |
| --- | --- |

Image 10
  the letter of the energy efficiency class shall be 100 % white and in Bold 20 pt. The energy efficiency class arrow and the corresponding arrow in the A to G scale shall be positioned in such a way that their tips are aligned. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow which shall be 100 % black;

| | the number of hours of the value of the battery endurance per cycle shall be in Bold 20 pt; ‘h’ shall be in Regular 13 pt; the number of minutes of the value of the battery endurance per cycle shall be in Bold 13 pt; ‘min’ shall be in Regular 9 pt; the text shall be centred and 100 % black; |
| --- | --- |

Image 11
  the number of hours of the value of the battery endurance per cycle shall be in Bold 20 pt; ‘h’ shall be in Regular 13 pt; the number of minutes of the value of the battery endurance per cycle shall be in Bold 13 pt; ‘min’ shall be in Regular 9 pt; the text shall be centred and 100 % black;

| | the pictograms shall be as shown as in the label design and as follows:






  — | the pictograms’ lines shall have a weight of 1 pt and they and the texts (numbers and units) shall be 100 % black; |
| --- | --- | --- |

Image 12
  the pictograms shall be as shown as in the label design and as follows:

—

the pictograms’ lines shall have a weight of 1 pt and they and the texts (numbers and units) shall be 100 % black;

| — | repeated free fall reliability class pictogram: the range of repeated free fall reliability classes (A to E for slate tablets, A to D for smartphones) shall be aligned on a vertical axis on the left side of the icon, with the letter of the applicable repeated free fall reliability class in Bold 12 pt and the other letters of the repeated free fall reliability classes in Regular 8 pt; |
| --- | --- |

—

repeated free fall reliability class pictogram: the range of repeated free fall reliability classes (A to E for slate tablets, A to D for smartphones) shall be aligned on a vertical axis on the left side of the icon, with the letter of the applicable repeated free fall reliability class in Bold 12 pt and the other letters of the repeated free fall reliability classes in Regular 8 pt;

| — | repairability class pictogram: the range of repairability classes (A to E) shall be aligned on a vertical axis on the left side of the icon, with the letter of the applicable repairability class in Bold 12 pt and the other letters of the repairability classes in Regular 8 pt; |
| --- | --- |

—

repairability class pictogram: the range of repairability classes (A to E) shall be aligned on a vertical axis on the left side of the icon, with the letter of the applicable repairability class in Bold 12 pt and the other letters of the repairability classes in Regular 8 pt;

| — | battery endurance in cycles pictogram: the value of the battery endurance in cycles shall be in Bold 12 pt; ‘x’ shall be in Regular 10 pt; the text shall be centred under the pictogram; |
| --- | --- |

—

battery endurance in cycles pictogram: the value of the battery endurance in cycles shall be in Bold 12 pt; ‘x’ shall be in Regular 10 pt; the text shall be centred under the pictogram;

| — | ingress protection rating pictogram: the text under the pictogram shall be in Bold 12 pt, and it shall be centred under the pictogram; |
| --- | --- |

—

ingress protection rating pictogram: the text under the pictogram shall be in Bold 12 pt, and it shall be centred under the pictogram;

| | the number of the regulation shall be 100 % black and in Regular 5 pt. |
| --- | --- |

Image 13
  the number of the regulation shall be 100 % black and in Regular 5 pt.

---

ANNEX IV

Measurement and calculation methods

For the purposes of compliance and verification of compliance with the requirements of this Regulation, measurements and calculations shall be made using harmonised standards, the reference numbers of which have been published in the Official Journal of the European Union or using other reliable, accurate and reproducible methods, which take into account the generally recognised state-of-the-art methods and are in line with the provisions set out below.

In the absence of relevant standards and until the publication of the references of the relevant harmonised standards in the Official Journal of the European Union, the transitional testing methods set out in Annex IVa, or other reliable, accurate and reproducible methods, which take into account the generally recognised state-of-the-art methods, shall be used.

Where a parameter is declared pursuant to Article 3(3) of Regulation (EU) 2017/1369 and in accordance with Table 9 of Annex VI to this Regulation, its declared value shall be used by the supplier for the calculations in this Annex.

1.   CALCULATION OF THE ENERGY EFFICIENCY INDEX

Smartphones and slate tablets shall be tested for battery endurance per cycle with the following test settings, starting the test with a fully charged battery:

1.1.   General device settings and configuration

| — | an application shall be installed on the device to embed the test scenario and the needed contents used during the testing; |
| --- | --- |

—

an application shall be installed on the device to embed the test scenario and the needed contents used during the testing;

| — | all applications shall be closed (except required system applications); |
| --- | --- |

—

all applications shall be closed (except required system applications);

| — | no specific user account (e.g. Google or Apple ID) shall be needed to perform the test; |
| --- | --- |

—

no specific user account (e.g. Google or Apple ID) shall be needed to perform the test;

| — | the web browser used during the testing shall be the native OS browser of the device; |
| --- | --- |

—

the web browser used during the testing shall be the native OS browser of the device;

| — | power saving features shall be disabled before starting the testing; |
| --- | --- |

—

power saving features shall be disabled before starting the testing;

| — | no accessory shall be connected to the device; |
| --- | --- |

—

no accessory shall be connected to the device;

| — | for Dual-SIM devices, only one SIM card shall be inserted; for Dual-SIM devices with eSIM, eSIM shall be switched off; for devices with eSIM only, eSIM shall be used; |
| --- | --- |

—

for Dual-SIM devices, only one SIM card shall be inserted; for Dual-SIM devices with eSIM, eSIM shall be switched off; for devices with eSIM only, eSIM shall be used;

| — | brightness shall be set at 200cd/m2 using an external equipment to ensure this setting; |
| --- | --- |

—

brightness shall be set at 200cd/m2 using an external equipment to ensure this setting;

| — | auto brightness shall be switched off and the refresh rate shall be set at the default value; |
| --- | --- |

—

auto brightness shall be switched off and the refresh rate shall be set at the default value;

| — | darkmode shall be disabled; |
| --- | --- |

—

darkmode shall be disabled;

| — | all audio volumes (call and media) shall be set at 75 dBa at a defined distance using an external equipment to ensure this setting. The audio volume shall be set using a sound level meter at 20 cm from the front (screen) of the device; |
| --- | --- |

—

all audio volumes (call and media) shall be set at 75 dBa at a defined distance using an external equipment to ensure this setting. The audio volume shall be set using a sound level meter at 20 cm from the front (screen) of the device;

| — | speaker to be used during video shall be the one set in the default setting of the device; |
| --- | --- |

—

speaker to be used during video shall be the one set in the default setting of the device;

| — | during the call, the application shall ensure that the screen is off, no specific simulation of the proximity sensor shall be required; |
| --- | --- |

—

during the call, the application shall ensure that the screen is off, no specific simulation of the proximity sensor shall be required;

| — | any network simulator may be used, if capable of supporting the required settings; the specific contents (video, web pages, files) shall be uploaded on the simulator. |
| --- | --- |

—

any network simulator may be used, if capable of supporting the required settings; the specific contents (video, web pages, files) shall be uploaded on the simulator.

1.2.   Test sequence

1.2.1.   Test sequence for smartphones

From 100 % battery charge level to power off: repeat a cycle of:

| — | Phone call (4 min); |
| --- | --- |

—

Phone call (4 min);

| — | Idle (30 min); |
| --- | --- |

—

Idle (30 min);

| — | Web browsing (9 min); |
| --- | --- |

—

Web browsing (9 min);

| — | Idle (30 min); |
| --- | --- |

—

Idle (30 min);

| — | Video streaming (4 min); |
| --- | --- |

—

Video streaming (4 min);

| — | Gaming (1 min); |
| --- | --- |

—

Gaming (1 min);

| — | Idle (30 min); |
| --- | --- |

—

Idle (30 min);

| — | Data transfer: http upload and download (8 min); |
| --- | --- |

—

Data transfer: http upload and download (8 min);

| — | Idle (30 min); |
| --- | --- |

—

Idle (30 min);

| — | Video playback (4 min);
  When device powers off: Terminate test. |
| --- | --- |

—

Video playback (4 min);

When device powers off: Terminate test.

1.2.2.   Test sequence for slate tablets

From 100 % battery charge level to power off: repeat a cycle of:

| — | Gaming (5 min); |
| --- | --- |

—

Gaming (5 min);

| — | Idle (66 min); |
| --- | --- |

—

Idle (66 min);

| — | Web browsing (11 min); |
| --- | --- |

—

Web browsing (11 min);

| — | Idle (66 min); |
| --- | --- |

—

Idle (66 min);

| — | Video streaming (6 min); |
| --- | --- |

—

Video streaming (6 min);

| — | Idle (66 min); |
| --- | --- |

—

Idle (66 min);

| — | Data transfer: http upload and download (2 min); |
| --- | --- |

—

Data transfer: http upload and download (2 min);

| — | Idle (66 min); |
| --- | --- |

—

Idle (66 min);

| — | Video playback (6 min); |
| --- | --- |

—

Video playback (6 min);

| — | Idle (66 min);
  When device powers off: Terminate test. |
| --- | --- |

—

Idle (66 min);

When device powers off: Terminate test.

1.3.   Calculation

The battery endurance (ENDdevice) in hours equals to the execution time of the specified test sequence:

ENDdevice = ENDtest

where ENDtest is the run-time of the test in hours, rounded to two decimal places.

The energy efficiency index (EEI) of a smartphone or slate tablet shall be calculated using the following equation and rounded to two decimal places:

EEI =
  Formula

Where:

| — | EEI is the Energy Efficiency Index in 1/W; |
| --- | --- |

—

EEI is the Energy Efficiency Index in 1/W;

| — | Unom is the nominal voltage in V; |
| --- | --- |

—

Unom is the nominal voltage in V;

| — | Crated is the rated battery capacity in mAh. |
| --- | --- |

—

Crated is the rated battery capacity in mAh.

The EEI shall be calculated with the operating system version installed on the product model at the date of placement on the market.

2.   MEASUREMENT OF THE BATTERY ENDURANCE IN CYCLES

Batteries of smartphones and slate tablets shall be tested for battery endurance in cycles until the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity; the battery shall be tested according to the default charging algorithms implemented by the manufacturer.

The resulting number of cycles shall be rounded down to full hundreds as ‘≥ x00’ and stated in ranges as ≥ 800, ≥ 900, ≥ 1 000, ≥ 1 100, ≥ 1 200, ≥ 1 300, ≥ 1 400.

The battery endurance in cycles shall be calculated with the operating system version installed on the product model at the date of placement on the market.

3.   MEASUREMENT OF THE INGRESS PROTECTION

Ingress protection against particle and moisture ingress shall be stated as an IP code, corresponding to the levels listed in Table 5. Tests shall be performed without protective cover.

Table 5

Ingress protection rating levels

| Rating level | Ingress of solid foreign objects | Ingress of water with harmful effects |
| --- | --- | --- |
| | Object size | Protection against |
| 0 | no protection | no protection |
| 1 | ≥ 50 mm | vertical water dripping |
| 2 | protected from touch by fingers and ≥ 12 mm | water spray less than 15 degrees from vertical |
| 3 | ≥ 2,5  mm | water spray less than 60 degrees from vertical |
| 4 | ≥ 1 mm | splashing of water |
| 5 | dust-protected | jetting of water |
| 6 | dust-tight | powerful jetting of water |
| 7 | n.a. | temporary immersion, 1 m depth |
| 8 | n.a. | continuous immersion, 1 m or more depth |

Rating level

Ingress of solid foreign objects

Ingress of water with harmful effects

Object size

Protection against

0

no protection

no protection

1

≥ 50 mm

vertical water dripping

2

protected from touch by fingers and ≥ 12 mm

water spray less than 15 degrees from vertical

3

≥ 2,5  mm

water spray less than 60 degrees from vertical

4

≥ 1 mm

splashing of water

5

dust-protected

jetting of water

6

dust-tight

powerful jetting of water

7

n.a.

temporary immersion, 1 m depth

8

n.a.

continuous immersion, 1 m or more depth

4.   RESISTANCE TO ACCIDENTAL DROPS OR REPEATED FREE FALL RELIABILITY

Resistance to accidental drops or repeated free fall reliability is measured through the number of falls without defect in the repeated free fall test. The repeated free fall tests shall be performed with five units of each model for each of the applicable test cases. The resistance to accidental drops is the number of falls which have been passed by at least four out of the five units under test. The number of falls per unit shall be determined with the following test conditions:

| (a) | without protective foils and separate protective cover, if any, for non-foldable devices; |
| --- | --- |

(a)

without protective foils and separate protective cover, if any, for non-foldable devices;

| (b) | with a protective foil on the display for foldable devices, first in the un-extended state and then in the fully extended state on the same unit under test in line with tables 6 and 7; |
| --- | --- |

(b)

with a protective foil on the display for foldable devices, first in the un-extended state and then in the fully extended state on the same unit under test in line with tables 6 and 7;

| (c) | fall height 1 m; |
| --- | --- |

(c)

fall height 1 m;

| (d) | after a defined number of falls corresponding to the intervals specified in tables 6 and 7, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:






  (i) | integrity of screen; |
| --- | --- | --- |

(d)

after a defined number of falls corresponding to the intervals specified in tables 6 and 7, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:

(i)

integrity of screen;

| (ii) | display with less than 10 pixel defects or similar malfunctions; |
| --- | --- |

(ii)

display with less than 10 pixel defects or similar malfunctions;

| (iii) | all cameras, tested for still images and videos; |
| --- | --- |

(iii)

all cameras, tested for still images and videos;

| (iv) | mobile communication; |
| --- | --- |

(iv)

mobile communication;

| (v) | Bluetooth connectivity; |
| --- | --- |

(v)

Bluetooth connectivity;

| (vi) | WiFi connectivity; |
| --- | --- |

(vi)

WiFi connectivity;

| (vii) | battery charging: wired and wireless; |
| --- | --- |

(vii)

battery charging: wired and wireless;

| (viii) | display touch sensitivity; |
| --- | --- |

(viii)

display touch sensitivity;

| (ix) | responsive buttons and switches; |
| --- | --- |

(ix)

responsive buttons and switches;

| (x) | vibration alarm; |
| --- | --- |

(x)

vibration alarm;

| (xi) | main microphone(s); |
| --- | --- |

(xi)

main microphone(s);

| (xii) | loudspeaker; |
| --- | --- |

(xii)

loudspeaker;

| (xiii) | headset audio. |
| --- | --- |

(xiii)

headset audio.

| (e) | cracks of the frame or backside shall not be considered a defect as long as full functionality and safe use of the unit under test is given; |
| --- | --- |

(e)

cracks of the frame or backside shall not be considered a defect as long as full functionality and safe use of the unit under test is given;

| (f) | cracks of the touchscreen and of any other cover layers of a display shall not be considered a defect as long as full functionality and safe use of the unit under test is given; |
| --- | --- |

(f)

cracks of the touchscreen and of any other cover layers of a display shall not be considered a defect as long as full functionality and safe use of the unit under test is given;

| (g) | in case of no determined defect the test shall be continued; |
| --- | --- |

(g)

in case of no determined defect the test shall be continued;

| (h) | in case of a determined defect and in any case after the maximum number of falls specified in tables 6 and 7, the test of the unit shall be terminated.

  Table 6


  Test intervals for determining if the smartphone unit is defective








  Falls per unit | Non-foldable device | Foldable device |
| --- | --- | --- | --- |
| 45 | 1st check for defects | not applicable |
| 35 un-extended state + 15 additional falls in fully extended state | not applicable | 1st check for defects |
| 90 | 2nd check for defects | not applicable |
| 70 un-extended state + 25 additional falls in fully extended state | not applicable | 2nd check for defects |
| 180 | 3rd check for defects | not applicable |
| 140 un-extended state + 35 additional falls in fully extended state | not applicable | 3rd check for defects |
| 270 | 4th check for defects | not applicable |
| 210 un-extended state + 45 additional falls in fully extended state | not applicable | 4th check for defects |

(h)

in case of a determined defect and in any case after the maximum number of falls specified in tables 6 and 7, the test of the unit shall be terminated.

Table 6

Test intervals for determining if the smartphone unit is defective

Falls per unit

Non-foldable device

Foldable device

45

1st check for defects

not applicable

35 un-extended state + 15 additional falls in fully extended state

not applicable

1st check for defects

90

2nd check for defects

not applicable

70 un-extended state + 25 additional falls in fully extended state

not applicable

2nd check for defects

180

3rd check for defects

not applicable

140 un-extended state + 35 additional falls in fully extended state

not applicable

3rd check for defects

270

4th check for defects

not applicable

210 un-extended state + 45 additional falls in fully extended state

not applicable

4th check for defects

Table 7

Test intervals for determining if the slate tablet unit is defective

| Falls per unit | Non-foldable device | Foldable device |
| --- | --- | --- |
| 52 | 1st check for defects | not applicable |
| 52 un-extended state + 5 additional falls in fully extended state | not applicable | 1st check for defects |
| 104 | 2nd check for defects | not applicable |
| 78 un-extended state + 10 additional falls in fully extended state | not applicable | 2nd check for defects |
| 156 | 3rd check for defects | not applicable |
| 130 un-extended state + 15 additional falls in fully extended state | not applicable | 3rd check for defects |
| 208 | 4th check for defects | not applicable |
| 182 un-extended state + 20 additional falls in fully extended state | not applicable | 4th check for defects |

Falls per unit

Non-foldable device

Foldable device

52

1st check for defects

not applicable

52 un-extended state + 5 additional falls in fully extended state

not applicable

1st check for defects

104

2nd check for defects

not applicable

78 un-extended state + 10 additional falls in fully extended state

not applicable

2nd check for defects

156

3rd check for defects

not applicable

130 un-extended state + 15 additional falls in fully extended state

not applicable

3rd check for defects

208

4th check for defects

not applicable

182 un-extended state + 20 additional falls in fully extended state

not applicable

4th check for defects

5.   METHOD FOR THE CALCULATION OF THE REPAIRABILITY INDEX OF SMARTPHONES AND SLATE TABLETS

The Repairability Index is an aggregated and normalised score, as a calculated value derived from six scoring parameters where:

| — | SDD is the ‘Disassembly Depth’ score. |
| --- | --- |

—

SDD is the ‘Disassembly Depth’ score.

| — | SF is the ‘Fasteners (type)’ score. |
| --- | --- |

—

SF is the ‘Fasteners (type)’ score.

| — | ST is the ‘Tools (type)’ score. |
| --- | --- |

—

ST is the ‘Tools (type)’ score.

| — | SSP is the ‘Spare Parts’ score. |
| --- | --- |

—

SSP is the ‘Spare Parts’ score.

| — | SSU is the ‘Software Updates (duration)’ score. |
| --- | --- |

—

SSU is the ‘Software Updates (duration)’ score.

| — | SRI is the ‘Repair Information’ score. |
| --- | --- |

—

SRI is the ‘Repair Information’ score.

The same scoring methodology shall apply to both smartphones and slate tablets. The Repairability Index (R) shall be calculated as follows:

R = (SDD*0,25)+(SF*0,15)+ (ST*0,15)+ (SSP*0,15)+(SSU*0,15)+(SRI*0,15)

The ‘Disassembly Depth’ (SDD), ‘Fasteners (type)’ (SF) and ‘Tools (type)’ (ST) scores are based on the aggregation of the following priority part level scores:

| — | BAT is the battery. |
| --- | --- |

—

BAT is the battery.

| — | DA is the display assembly. |
| --- | --- |

—

DA is the display assembly.

| — | BC is the back cover or back cover assembly. |
| --- | --- |

—

BC is the back cover or back cover assembly.

| — | FFC is the front-facing camera assembly. |
| --- | --- |

—

FFC is the front-facing camera assembly.

| — | RFC is the rear-facing camera assembly. |
| --- | --- |

—

RFC is the rear-facing camera assembly.

| — | EC is the external charging port. |
| --- | --- |

—

EC is the external charging port.

| — | BUT is the mechanical button. |
| --- | --- |

—

BUT is the mechanical button.

| — | MIC is the main microphone(s). |
| --- | --- |

—

MIC is the main microphone(s).

| — | SPK is the speaker. |
| --- | --- |

—

SPK is the speaker.

| — | FM is the hinge assembly or the mechanical display folding mechanism. |
| --- | --- |

—

FM is the hinge assembly or the mechanical display folding mechanism.

If any of the priority parts listed above is present in a product more than once, only the one which delivers the lowest score shall be considered in the calculation of the ‘Disassembly Depth’ (SDD), ‘Fasteners (type)’ (SF) and ‘Tools (type)’ (ST) scores. If a priority part is not present in the product, the highest point level for each score shall be considered for this part.

The ‘Disassembly Depth’ (SDD) score shall be calculated as follows:

| (a) | if the hinge assembly or the mechanical display folding mechanism are not present in the product, the following formula shall be used:
  SDD = (DDBAT*0,30)+ (DDDA*0,30)+ (DDBC*0,10)+(DDFFC*0,05)+(DDRFC*0,05)+(DDEC *0,05)+(DDBUT*0,05)+(DDMIC*0,05)+(DDSPK *0,05) |
| --- | --- |

(a)

if the hinge assembly or the mechanical display folding mechanism are not present in the product, the following formula shall be used:

SDD = (DDBAT*0,30)+ (DDDA*0,30)+ (DDBC*0,10)+(DDFFC*0,05)+(DDRFC*0,05)+(DDEC *0,05)+(DDBUT*0,05)+(DDMIC*0,05)+(DDSPK *0,05)

| (b) | if the hinge assembly or the mechanical display folding mechanism are present, the following formula shall be used:
  SDD = (DDBAT*0,25)+ (DDDA*0,25)+ (DDBC*0,09)+(DDFFC*0,04)+(DDRFC*0,04)+(DDEC *0,04)+(DDBUT*0,04)+(DDMIC*0,04)+(DDSPK *0,04)+ (DDFM*0,17). |
| --- | --- |

(b)

if the hinge assembly or the mechanical display folding mechanism are present, the following formula shall be used:

SDD = (DDBAT*0,25)+ (DDDA*0,25)+ (DDBC*0,09)+(DDFFC*0,04)+(DDRFC*0,04)+(DDEC *0,04)+(DDBUT*0,04)+(DDMIC*0,04)+(DDSPK *0,04)+ (DDFM*0,17).

Disassembly Depth (DD) assessment at part level

The Disassembly Depth score (DDi) for each priority part i (DDBAT; DDDA, DDBC, DDFFC, DDRFC, DDEC, DDBUT, DDMIC, DDSPK, DDFM) shall be calculated based on the number of steps required to remove a part from a product, without damaging the product. The counting of the steps for each part starts from the product fully assembled, with the charger disconnected and any SIM card installed. Points ranging from 1 to 5 are assigned as follows:

| — | DDi ≤ 2 steps = 5 pt. |
| --- | --- |

—

DDi ≤ 2 steps = 5 pt.

| — | 5 steps ≥ DDi > 2 steps = 4 pt. |
| --- | --- |

—

5 steps ≥ DDi > 2 steps = 4 pt.

| — | 10 steps ≥ DDi > 5 steps = 3 pt. |
| --- | --- |

—

10 steps ≥ DDi > 5 steps = 3 pt.

| — | 15 steps ≥ DDi > 10 steps = 2 pt. |
| --- | --- |

—

15 steps ≥ DDi > 10 steps = 2 pt.

| — | DDi > 15 steps = 1 pt. |
| --- | --- |

—

DDi > 15 steps = 1 pt.

For the calculation of disassembly steps, the following rules shall apply:

| — | the disassembly depth count is completed when the target part is separated and individually accessible. |
| --- | --- |

—

the disassembly depth count is completed when the target part is separated and individually accessible.

| — | where multiple tools need to be used simultaneously, the use of each tool counts as a separate step. |
| --- | --- |

—

where multiple tools need to be used simultaneously, the use of each tool counts as a separate step.

| — | operations related to cleaning, removing traces or heating are counted as steps. |
| --- | --- |

—

operations related to cleaning, removing traces or heating are counted as steps.

| — | the disassembly depth shall be calculated on the basis of the repair and maintenance information, and of the description of the disassembly steps for each priority part given in the technical documentation; |
| --- | --- |

—

the disassembly depth shall be calculated on the basis of the repair and maintenance information, and of the description of the disassembly steps for each priority part given in the technical documentation;

| — | where remote notification or authorisation of serial numbers is necessary for the full functionality of the spare part and the device, each of these actions is counted as five additional disassembly steps. |
| --- | --- |

—

where remote notification or authorisation of serial numbers is necessary for the full functionality of the spare part and the device, each of these actions is counted as five additional disassembly steps.

The
  ‘Fasteners (type)’
  (SF) score is calculated as follow:

| (a) | for smartphones or slate tablets, except foldable ones, the following formula shall be used:
  SF=(FBAT*0,30)+ (FDA*0,30)+ (FBC*0,10)+(FFFC*0,05)+(FRFC *0,05)+(FEC *0,05)+(FBUT*0,05)+(FMIC*0,05)+(FSPK*0,05) |
| --- | --- |

(a)

for smartphones or slate tablets, except foldable ones, the following formula shall be used:

SF=(FBAT*0,30)+ (FDA*0,30)+ (FBC*0,10)+(FFFC*0,05)+(FRFC *0,05)+(FEC *0,05)+(FBUT*0,05)+(FMIC*0,05)+(FSPK*0,05)

| (b) | for foldable smartphones or foldable slate tablets, the following formula shall be used:
  SF=(FBAT*0,25)+ (FDA*0,25)+ (FBC*0,09)+(FFFC*0,04)+(FRFC *0,04)+(FEC *0,04)+(FBUT*0,04)+(FMIC*0,04)+(FSPK*0,04)+(FFM*0,17) |
| --- | --- |

(b)

for foldable smartphones or foldable slate tablets, the following formula shall be used:

SF=(FBAT*0,25)+ (FDA*0,25)+ (FBC*0,09)+(FFFC*0,04)+(FRFC *0,04)+(FEC *0,04)+(FBUT*0,04)+(FMIC*0,04)+(FSPK*0,04)+(FFM*0,17)

Fasteners (type) (F) assessment at part level:

The ‘Fasteners (type)’ scores (Fi) for each priority part i (FBAT, FDA, FBC, FFFC, FRFC, FEC, FBUT, FMIC, FSPK, FFM) are assigned according to the level of removability and reusability of the fasteners used in the device assembly. Points ranging from 1 to 5 are assigned as follows:

| — | Reusable Fasteners = 5 pt. |
| --- | --- |

—

Reusable Fasteners = 5 pt.

| — | Resupplied Fasteners = 3 pt. |
| --- | --- |

—

Resupplied Fasteners = 3 pt.

| — | Removable Fasteners = 1 pt. |
| --- | --- |

—

Removable Fasteners = 1 pt.

The assessment of the type of fasteners is based on the disassembly process to remove the specific priority part, starting from the previous priority part in disassembly sequence already removed.

In case different types of fasteners are encountered in the disassembly of a priority part, the worst score shall be considered.

The Fi scores shall be calculated on the basis of the repair and maintenance information, and of the description of the fasteners for each priority part given in the technical documentation.

The
  ‘Tools (type)’
  (ST) score shall be calculated as follows:

| (a) | for smartphones or slate tablets, except foldable ones, the following formula shall be used:
  ST=(TBAT*0,30)+(TSCR*0,30)+(TBC*0,10)+(TFFC*0,05)+(TRFC*0,05)+(TEC*0,05)+(TBUT*0,05)+(TMIC*0,05)+(TSPK*0,05) |
| --- | --- |

(a)

for smartphones or slate tablets, except foldable ones, the following formula shall be used:

ST=(TBAT*0,30)+(TSCR*0,30)+(TBC*0,10)+(TFFC*0,05)+(TRFC*0,05)+(TEC*0,05)+(TBUT*0,05)+(TMIC*0,05)+(TSPK*0,05)

| (b) | for foldable smartphones or foldable slate tablets, the following formula shall be used:
  ST=(TBAT*0,25)+(TSCR*0,25)+(TBC*0,09)+(TFFC*0,04)+(TRFC*0,04)+(TEC*0,04)+(TBUT*0,04)+(TMIC*0,04)+(TSPK*0,04)+(TFM*0,17) |
| --- | --- |

(b)

for foldable smartphones or foldable slate tablets, the following formula shall be used:

ST=(TBAT*0,25)+(TSCR*0,25)+(TBC*0,09)+(TFFC*0,04)+(TRFC*0,04)+(TEC*0,04)+(TBUT*0,04)+(TMIC*0,04)+(TSPK*0,04)+(TFM*0,17)

Tools (type) (T) assessment at part level

The ‘Tools (type)’ scores (Ti) for each priority part i (TBAT, TDA, TBC, TFFC, TRFC, TEC, TBUT, TMIC, TSPK and TFM) are assigned according to the complexity and availability of the tools needed for its replacement. Points ranging from 1 to 5 are assigned as follows:

| — | No tools = 5 pt; |
| --- | --- |

—

No tools = 5 pt;

| — | Basic tools = 4 pt. |
| --- | --- |

—

Basic tools = 4 pt.

| — | A set of tools that is supplied (or offered to be supplied at no additional cost) with the spare part = 3 pt. |
| --- | --- |

—

A set of tools that is supplied (or offered to be supplied at no additional cost) with the spare part = 3 pt.

| — | A set of tools that is supplied (or offered to be supplied at no additional cost) with the product = 2 pt. |
| --- | --- |

—

A set of tools that is supplied (or offered to be supplied at no additional cost) with the product = 2 pt.

| — | Commercially available tools = 1 pt. |
| --- | --- |

—

Commercially available tools = 1 pt.

The assessment of the type of tools is based on the disassembly process to remove the specific priority part, starting from the previous priority part in disassembly sequence already removed.

Where different types of tools are needed for the disassembly of a priority part, the lowest score shall be considered.

The Ti scores shall be calculated on the basis of the repair and maintenance information, and of the description of the tools for each priority part given in the technical documentation.

Spare parts

The
  ‘Spare Parts’ (SSP) score shall be calculated at product level as follows:

| — | Spare parts for all priority parts are available to end users and professional repairers = 5 pt; |
| --- | --- |

—

Spare parts for all priority parts are available to end users and professional repairers = 5 pt;

| — | Spare parts for display assembly, battery, back cover (or back cover assembly) and cameras are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 4 pt; |
| --- | --- |

—

Spare parts for display assembly, battery, back cover (or back cover assembly) and cameras are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 4 pt;

| — | Spare parts for display assembly, battery and back cover (or back cover assembly) are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 3 pt; |
| --- | --- |

—

Spare parts for display assembly, battery and back cover (or back cover assembly) are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 3 pt;

| — | Spare parts for display assembly and battery are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 2 pt; |
| --- | --- |

—

Spare parts for display assembly and battery are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 2 pt;

| — | Spare parts for display assembly are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 1 pt; |
| --- | --- |

—

Spare parts for display assembly are available to end users and professional repairers; spare parts for all other parts are available to professional repairers = 1 pt;

| — | Spare parts for the hinge assembly, mechanical display folding mechanism are to be available only in case of foldable smartphones. |
| --- | --- |

—

Spare parts for the hinge assembly, mechanical display folding mechanism are to be available only in case of foldable smartphones.

Software Updates (duration)

The
  ‘Software Updates (duration)’ (SSU) score shall be calculated at product level as follows:

| — | Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for at least 7 years = 5 pt. |
| --- | --- |

—

Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for at least 7 years = 5 pt.

| — | Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for 6 years = 3 pt. |
| --- | --- |

—

Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for 6 years = 3 pt.

| — | Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for 5 years = 1 pt. |
| --- | --- |

—

Minimum guaranteed availability of security updates, corrective updates and functionality updates to the operating system for 5 years = 1 pt.

| — | The above durations refer to years from the date of end of placement on the market of the product model. |
| --- | --- |

—

The above durations refer to years from the date of end of placement on the market of the product model.

Repair Information

The Repair Information (SRI) score shall be calculated at product level as follows:

| — | Public availability of repair and maintenance information, except electronic board diagrams, at no cost for end users and availability of repair and maintenance information, including electronic board diagrams, at no cost for professional repairers = 5 pt. |
| --- | --- |

—

Public availability of repair and maintenance information, except electronic board diagrams, at no cost for end users and availability of repair and maintenance information, including electronic board diagrams, at no cost for professional repairers = 5 pt.

| — | Availability of repair and maintenance information at no cost for professional repairers = 3 pt. |
| --- | --- |

—

Availability of repair and maintenance information at no cost for professional repairers = 3 pt.

| — | Availability of repair and maintenance information with a reasonable and proportionate fee for professional repairers = 1 pt. |
| --- | --- |

—

Availability of repair and maintenance information with a reasonable and proportionate fee for professional repairers = 1 pt.

| — | A fee shall be considered reasonable if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information. |
| --- | --- |

—

A fee shall be considered reasonable if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information.

---

ANNEX Iva

Transitional Methods

References and qualifying notes for smartphones and slate tablets

| Parameter | Source | Reference Test Method/Title | Notes |
| --- | --- | --- | --- |
| | | | |
| Fasteners (type) score (SF) and Tools (type) score (ST) | CEN | EN 45554:2020 | Fasteners and connectors: please refer to Table A.1 of the standard, unless differently specified in this Regulation.
  Tools: please refer to Table A.2 of the standard, unless differently specified in this Regulation. |
| EEI | European Commission | EEI test specifications | https://ec.europa.eu/docsroom/documents/50214 |
| Protection against particles and water | IEC | IEC 60529:1989/AMD2:2013/COR1:2019 | dust tight and protected against immersion in water up to 1 meter depth: IP67;
  protected against the ingress of solid foreign objects of size bigger than 1millimeter and splashing of water: IP44. |
| Rated capacity and battery endurance in cycles | Cenelec | IEC EN 61960-3:2017 | Battery endurance in cycles shall be measured with the following test sequence:






  1) | one cycle at 0,2 C discharge rate and measure capacity; |

Parameter

Source

Reference Test Method/Title

Notes

Fasteners (type) score (SF) and Tools (type) score (ST)

CEN

EN 45554:2020

Fasteners and connectors: please refer to Table A.1 of the standard, unless differently specified in this Regulation.

Tools: please refer to Table A.2 of the standard, unless differently specified in this Regulation.

EEI

European Commission

EEI test specifications

https://ec.europa.eu/docsroom/documents/50214

Protection against particles and water

IEC

IEC 60529:1989/AMD2:2013/COR1:2019

dust tight and protected against immersion in water up to 1 meter depth: IP67;

protected against the ingress of solid foreign objects of size bigger than 1millimeter and splashing of water: IP44.

Rated capacity and battery endurance in cycles

Cenelec

IEC EN 61960-3:2017

Battery endurance in cycles shall be measured with the following test sequence:

1)

one cycle at 0,2 C discharge rate and measure capacity;

| 2) | cycles 2-499 at 0,5 C discharge rate; |
| --- | --- |

2)

cycles 2-499 at 0,5 C discharge rate;

| 3) | repeat step 1.
  To determine the number of cycles beyond 500 cycles, one should then continue with step 4 |
| --- | --- |

3)

repeat step 1.

To determine the number of cycles beyond 500 cycles, one should then continue with step 4

| 4) | 99 cycles at 0,5 C discharge rate |
| --- | --- |

4)

99 cycles at 0,5 C discharge rate

| 5) | repeat step 1 |
| --- | --- |

5)

repeat step 1

| 6) | repeat steps 4 and 5 until measured capacity is below 80 %. |
| --- | --- |

6)

repeat steps 4 and 5 until measured capacity is below 80 %.

Tests shall be performed with an external power source, which does not limit the power draw of the battery and leaves it to the specified default charging algorithm to regulate the charging rate.

Scratch hardness

CEN

EN 15771:2010

Scratch hardness shall be tested on the visible display area, without protective cover on the display

Battery endurance test ambient conditions

ECMA

ECMA 383

Ambient temperature (23 ± 5) °C, relative humidity 10 % to 80 %, ambient light (250 ± 50) Lux

Resistance to accidental drops or repeated free fall reliability

IEC

IEC 60068-2-31, Free fall repeated – Procedure 2

Smartphones shall be tested for resistance to accidental drops, fall height 1 meter; the test has to be performed with 5 units consecutively and is passed, if at least 4 units pass the test.

The free fall test shall be interrupted as set out in Table 6 to verify, if full functionality of the device is still given.

In case of no determined defect the test shall be continued placing the unit under test, in case of smartphones, in the tumble tester in the same orientation the device was found when the test was interrupted.

The number of falls passed by at least 4 out of 5 units is the value to be stated in the product information sheet as set out in Annex V.

IEC 60068-2-31, Free fall – Procedure 1

Slate tablets shall be tested for resistance to accidental drops, fall height 1 meter on 3 mm steel plate backed by 10-19 mm thick hardwood (deviation from procedure 1); 26 controlled orientations with drop on each face, edge and corner, as specified in the test sequence below; the test has to be performed with 5 units consecutively and is passed, if at least 4 units pass the test.

In fully extended state, drop the slate tablet consecutively in the following orientations, until the required number of drops is reached. Designations of edges, corners, faces are defined with the largest display facing to the front, in landscape orientation, with the front-facing camera next to the top edge, or, if this does not define the designation unambiguously, with the front-facing camera next to the left edge, approximating the device with a cuboid geometry. Drop on:

| 1. | display face |
| --- | --- |

1.

display face

| 2. | lower left front corner |
| --- | --- |

2.

lower left front corner

| 3. | lower backside edge |
| --- | --- |

3.

lower backside edge

| 4. | front right edge |
| --- | --- |

4.

front right edge

| 5. | left face |
| --- | --- |

5.

left face

| 6. | lower right backside corner |
| --- | --- |

6.

lower right backside corner

| 7. | lower right front corner |
| --- | --- |

7.

lower right front corner

| 8. | bottom face |
| --- | --- |

8.

bottom face

| 9. | backside face |
| --- | --- |

9.

backside face

| 10. | front left edge |
| --- | --- |

10.

front left edge

| 11. | top left backside corner |
| --- | --- |

11.

top left backside corner

| 12. | backside right edge |
| --- | --- |

12.

backside right edge

| 13. | top right front corner |
| --- | --- |

13.

top right front corner

| 14. | lower left edge |
| --- | --- |

14.

lower left edge

| 15. | top right edge |
| --- | --- |

15.

top right edge

| 16. | top left front corner |
| --- | --- |

16.

top left front corner

| 17. | lower right edge |
| --- | --- |

17.

lower right edge

| 18. | top face |
| --- | --- |

18.

top face

| 19. | front lower edge |
| --- | --- |

19.

front lower edge

| 20. | lower left backside corner |
| --- | --- |

20.

lower left backside corner

| 21. | top left edge |
| --- | --- |

21.

top left edge

| 22. | front top edge |
| --- | --- |

22.

front top edge

| 23. | top right backside corner |
| --- | --- |

23.

top right backside corner

| 24. | backside left edge |
| --- | --- |

24.

backside left edge

| 25. | right face |
| --- | --- |

25.

right face

| 26. | top backside edge. |
| --- | --- |

26.

top backside edge.

After a number of falls as set out in Table 7 full functionality of the device shall be verified.

In case of no determined defect the test shall be continued:

| i. | with free fall tests in case of non-foldable slate tablets in all 26 orientations twice; |
| --- | --- |

i.

with free fall tests in case of non-foldable slate tablets in all 26 orientations twice;

| ii. | with free fall tests in case of foldable slate tablets:






  (1) | after the first check for defects first in all 26 orientations once in un-extended state, then continue with falls in fully extended state in orientations no. 6 to 10; |
| --- | --- | --- |

ii.

with free fall tests in case of foldable slate tablets:

(1)

after the first check for defects first in all 26 orientations once in un-extended state, then continue with falls in fully extended state in orientations no. 6 to 10;

| (2) | after the second check for defects first in all 26 orientations twice in un-extended state, then continue with falls in fully extended state in orientations no. 11 to 15; |
| --- | --- |

(2)

after the second check for defects first in all 26 orientations twice in un-extended state, then continue with falls in fully extended state in orientations no. 11 to 15;

| (3) | after the third check for defects first in all 26 orientations twice in un-extended state, then continue with falls in fully extended state in orientations no. 16 to 20. |
| --- | --- |

(3)

after the third check for defects first in all 26 orientations twice in un-extended state, then continue with falls in fully extended state in orientations no. 16 to 20.

The number of falls passed by at least 4 out of 5 units is the value to be stated in the product information sheet as set out in Annex V.

---

ANNEX V

Product information sheet

Pursuant to Article 3(1), point (b), the supplier shall enter into the product database the information as set out in Table 8.

The user manual or other literature provided with the product shall clearly indicate the link to the model in the product database as a human-readable Uniform Resource Locator (URL) or as QR code or by providing the product registration number.

Table 8

Product information sheet

| 1. | Trade mark
   (1)
   (2) |
| --- | --- |

1.

| 2. | Model identifier
   (2) |
| --- | --- |

2.

| 3. | General product parameters: |
| --- | --- |

3.

Parameter

Value

| 4. | Device type |
| --- | --- |

4.

Device type

[smartphone/tablet]

| 5. | Operating system |
| --- | --- |

5.

Operating system

[Android/iOS/other]

| 6. | Energy efficiency class |
| --- | --- |

6.

Energy efficiency class

[A/B/C/D/E/F/G]b

| 7. | Battery user-replaceable (3) |
| --- | --- |

7.

Battery user-replaceable (3)

[yes/no]

| 8. | Battery endurance per cycle (ENDdevice [h]) |
| --- | --- |

8.

Battery endurance per cycle (ENDdevice [h])

x

| 9. | Battery endurance in cycles – default settings [cycles] |
| --- | --- |

9.

Battery endurance in cycles – default settings [cycles]

≥x00

| 10. | Rated battery capacity (Crated [mAh]) |
| --- | --- |

10.

Rated battery capacity (Crated [mAh])

x

| 11. | Shipped with protective cover |
| --- | --- |

11.

Shipped with protective cover

[yes/no]

| 12. | Repeated free fall reliability test – falls without defect [n] |
| --- | --- |

12.

Repeated free fall reliability test – falls without defect [n]

[≥ x]

| 13. | Repeated free fall reliability test – falls without defect, tested in fully extended state [n] |
| --- | --- |

13.

Repeated free fall reliability test – falls without defect, tested in fully extended state [n]

[≥ x/n.a.]

| 14. | Repeated free fall reliability class |
| --- | --- |

14.

Repeated free fall reliability class

[A/B/C/D/E]b

| 15. | Ingress protection rating |
| --- | --- |

15.

Ingress protection rating

IPxx

| 16. | Specified immersion depth in water, in case of IPx8 [m] |
| --- | --- |

16.

Specified immersion depth in water, in case of IPx8 [m]

[x,xx/n.a.]

| 17. | Screen scratch resistance on Mohs hardness scale |
| --- | --- |

17.

Screen scratch resistance on Mohs hardness scale

x

| 18. | Charger |
| --- | --- |

18.

Charger

Required output power [W]

x

Receptacle type (at device end)

[USB-A/USB-Micro B/USB-C/other]

Repairability information:

| 19. | Minimum guaranteed availability of operating system security updates, corrective updates and functionality updates (1)
   (2) (years) |
| --- | --- |

19.

Minimum guaranteed availability of operating system security updates, corrective updates and functionality updates (1)
   (2) (years)

x

| 20. | Repairability Class (based on the index below) |
| --- | --- |

20.

Repairability Class (based on the index below)

[A/B/C/D/E]b

| 21. | Repairability Index (2) |
| --- | --- |

21.

Repairability Index (2)

x,xx/5

| 21a. | Disassembly Depth (SDD) score (2) |
| --- | --- |

21a.

Disassembly Depth (SDD) score (2)

x,xx/5

| 21b. | Fasteners (type) score (SF) (2) |
| --- | --- |

21b.

Fasteners (type) score (SF) (2)

x,xx/5

| 21c. | Tools (type) score (ST) (2) |
| --- | --- |

21c.

Tools (type) score (ST) (2)

x,xx/5

| 21d. | Spare Part score (SSP) (2) |
| --- | --- |

21d.

Spare Part score (SSP) (2)

x,xx/5

| 21e. | Software Updates (duration) score (SSU) (2) |
| --- | --- |

21e.

Software Updates (duration) score (SSU) (2)

x,xx/5

| 21f. | Repair Information score (SRI) (2) |
| --- | --- |

21f.

Repair Information score (SRI) (2)

x,xx/5

| 22. | Weblink to information on spare parts availability for professional repairers and end users (1)
   (2)
   (4) |
| --- | --- |

22.

Weblink to information on spare parts availability for professional repairers and end users (1)
   (2)
   (4)

https://xxx

| 23. | Weblink to repair instructions for end-users (1)
   (2)
   (5) |
| --- | --- |

23.

Weblink to repair instructions for end-users (1)
   (2)
   (5)

https://xxx

| 24. | Weblink to indicative pre-tax prices (1)
   (2)
   (6) |
| --- | --- |

24.

Weblink to indicative pre-tax prices (1)
   (2)
   (6)

https://xxx

Additional information:

| 25. | Minimum duration of the guarantee offered by the supplier  (1)
   (2) [months] |
| --- | --- |

25.

Minimum duration of the guarantee offered by the supplier  (1)
   (2) [months]

x

Supplier’s address
   (1)
   (2)
   (7)

---

(1)  Changes to these items shall not be considered relevant for the purposes of Article 4(4) of Regulation (EU) 2017/1369.

(2)  This item shall not be considered relevant for the purposes of Article 2(6) of Regulation (EU) 2017/1369.

(3)  The process for battery replacement meets the following criteria:

| — | fasteners shall be resupplied or reusable; |
| --- | --- |

—

fasteners shall be resupplied or reusable;

| — | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

—

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

—

the process for replacement shall be able to be carried out in a use environment;

| — | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

—

the process for replacement shall be able to be carried out by a layman.

(4)  The suppliers’ obligation is to include the weblink to the website where the relevant information will be available. Effective access to the website is nevertheless to be granted in accordance to the timeline and provisions laid down in Annex II, point B 1.1 (1) d of Regulation (EU) 2023/1670, for smartphones, and in Annex II, point D 1.1 (1) d of Regulation (EU) 2023/1670, for slate tablets.

(5)  The suppliers’ obligation is to include the weblink to the website where the relevant information will be available. Effective access to the website is nevertheless to be granted in accordance to the timeline and provisions laid down in the last paragraph of Annex II, point B 1.1 (2) of Regulation (EU) 2023/1670, for smartphones, and in the last paragraph of Annex II, point D 1.1 (2) of Regulation (EU) 2023/1670, for slate tablets.

(6)  The suppliers’ obligation is to include the weblink to the website where the relevant information will be available. Effective access to the website is nevertheless to be granted in accordance to the timeline and provisions laid down in Annex II, point B 1.1 (4) of Regulation (EU) 2023/1670, for smartphones, and in Annex II, point D 1.1 (4) of Regulation (EU) 2023/1670, for slate tablets.

(7)  The supplier shall not enter these data for each model if automatically provided by the database.

---

ANNEX VI

Technical documentation

1.

| (a) | a general description of the model allowing it to be unequivocally and easily identified; |
| --- | --- |

(a)

a general description of the model allowing it to be unequivocally and easily identified;

| (b) | references to the harmonised standards applied or other measurement standards used; |
| --- | --- |

(b)

references to the harmonised standards applied or other measurement standards used;

| (c) | a description of the disassembly steps for each priority part of Annex IV, point 5, including the tool(s) and fastener(s) needed at each step, if any; |
| --- | --- |

(c)

a description of the disassembly steps for each priority part of Annex IV, point 5, including the tool(s) and fastener(s) needed at each step, if any;

| (d) | specific precautions to be taken when the model is assembled, installed, maintained or tested; |
| --- | --- |

(d)

specific precautions to be taken when the model is assembled, installed, maintained or tested;

| (e) | the values for the technical parameters set out in Table 9; those values are considered as the declared values for the purpose of the verification procedure set out in Annex IX; |
| --- | --- |

(e)

the values for the technical parameters set out in Table 9; those values are considered as the declared values for the purpose of the verification procedure set out in Annex IX;

| (f) | the details and the results of calculations performed in accordance with Annex IV; |
| --- | --- |

(f)

the details and the results of calculations performed in accordance with Annex IV;

| (g) | measurement or testing conditions if not described sufficiently in point (b), including battery charging algorithms for the default charging procedure, if applicable; |
| --- | --- |

(g)

measurement or testing conditions if not described sufficiently in point (b), including battery charging algorithms for the default charging procedure, if applicable;

| (h) | parameters of the initial test procedure for the energy efficiency index, if not described sufficiently under the settings of Annex IV, point 1, and of Annex IVa. |
| --- | --- |

(h)

parameters of the initial test procedure for the energy efficiency index, if not described sufficiently under the settings of Annex IV, point 1, and of Annex IVa.

2.

Table 9

Technical parameters of the model and their declared values

| | Parameter | Parameter value and precision | Unit |
| --- | --- | --- | --- |
| 1 | Trade mark | | TEXT |
| 2 | Model identifier | | TEXT |
| 3 | battery endurance per cycle (ENDdevice) | x,xx | [h] |
| 4 | battery endurance in cycles – default settings | ≥x00 | [hundreds of cycles] |
| 5 | rated battery capacity (Crated) | x | [mAh] |
| 6 | nominal voltage | x,xx | [V] |
| 7 | final voltage for battery endurance in cycles test [V] | x,xx | [V] |
| 8 | Energy Efficiency Index (EEI) | x,xx | [n] |
| 9 | shipped with protective cover | [yes/no] | - |
| 10 | repeated free fall reliability test – falls without defect | [≥ x/n.a.] | [n] |
| 11 | repeated free fall reliability test – falls without defect, tested in fully extended state | [≥ x/n.a.] | [n] |
| 12 | ingress protection rating | IPxx | |
| 13 | specified immersion depth in water, in case of IPx8 | [x,x/n.a.] | [m] |
| 14 | screen scratch resistance | x | Mohs hardness scale |
| 15 | Minimum guaranteed availability of operating system security updates, corrective updates and functionality updates | x | [years] |
| 16 | Repairability Class | [A/B/C/D/E] | [A/B/C/D/E] |
| 17 | Repairability index (as calculated from the values below) | x,xx | [n] |
| 18 | Disassembly Depth (SDD) | x,xx | [n] |
| 19 | Fasteners (type) score (SF) | x,xx | [n] |
| 20 | Tools (type) score (ST) | x,xx | [n] |
| 21 | Spare Part score (SSP) | x,xx | [n] |
| 22 | Software Updates (duration) score (SSU) | x,xx | [n] |
| 23 | Repair Information score (SRI) | x,xx | [n] |
| 24 | Operating system | [Android/iOS/other] | - |
| 25 | Operating system version | | TEXT |

Parameter

Parameter value and precision

Unit

1

Trade mark

TEXT

2

Model identifier

TEXT

3

battery endurance per cycle (ENDdevice)

x,xx

[h]

4

battery endurance in cycles – default settings

≥x00

[hundreds of cycles]

5

rated battery capacity (Crated)

x

[mAh]

6

nominal voltage

x,xx

[V]

7

final voltage for battery endurance in cycles test [V]

x,xx

[V]

8

Energy Efficiency Index (EEI)

x,xx

[n]

9

shipped with protective cover

[yes/no]

-

10

repeated free fall reliability test – falls without defect

[≥ x/n.a.]

[n]

11

repeated free fall reliability test – falls without defect, tested in fully extended state

[≥ x/n.a.]

[n]

12

ingress protection rating

IPxx

13

specified immersion depth in water, in case of IPx8

[x,x/n.a.]

[m]

14

screen scratch resistance

x

Mohs hardness scale

15

Minimum guaranteed availability of operating system security updates, corrective updates and functionality updates

x

[years]

16

Repairability Class

[A/B/C/D/E]

[A/B/C/D/E]

17

Repairability index (as calculated from the values below)

x,xx

[n]

18

Disassembly Depth (SDD)

x,xx

[n]

19

Fasteners (type) score (SF)

x,xx

[n]

20

Tools (type) score (ST)

x,xx

[n]

21

Spare Part score (SSP)

x,xx

[n]

22

Software Updates (duration) score (SSU)

x,xx

[n]

23

Repair Information score (SRI)

x,xx

[n]

24

Operating system

[Android/iOS/other]

-

25

Operating system version

TEXT

3.

| (a) | from a model that has the same technical characteristics relevant for the technical information to be provided but is produced by a different supplier, |
| --- | --- |

(a)

from a model that has the same technical characteristics relevant for the technical information to be provided but is produced by a different supplier,

| (b) | by calculation on the basis of design or extrapolation from another model of the same or a different supplier,
  the technical documentation shall include the details of such calculation, the assessment undertaken by suppliers to verify the accuracy of the calculation and, where appropriate, the declaration of identity between the models of different suppliers. |
| --- | --- |

(b)

by calculation on the basis of design or extrapolation from another model of the same or a different supplier,

the technical documentation shall include the details of such calculation, the assessment undertaken by suppliers to verify the accuracy of the calculation and, where appropriate, the declaration of identity between the models of different suppliers.

---

ANNEX VII

Information to be provided in visual advertisements, in technical promotional material and in distance selling, except distance selling on the internet

1.

In visual advertisements, for the purposes of ensuring conformity with the requirements laid down in Article 3(1), point (e), and in Article 4(1), point (c), the energy efficiency class and the range of energy efficiency classes available on the label shall be shown as set out in point 4 of this Annex.

2.

In technical promotional material, for the purposes of ensuring conformity with the requirements laid down in Article 3(1), point (f), and in Article 4(1), point (d), the energy efficiency class and the range of energy efficiency classes available on the label shall be shown as set out in point 4 of this Annex.

3.

In the case of paper-based distance selling, the energy efficiency class and the range of energy efficiency classes available on the label shall be shown as set out in point 4 of this Annex.

4.

| (a) | an arrow shall be used, containing the letter of the energy efficiency class in 100 % white, Calibri Bold and in a font size at least equivalent to that of the price, when the price is shown; |
| --- | --- |

(a)

an arrow shall be used, containing the letter of the energy efficiency class in 100 % white, Calibri Bold and in a font size at least equivalent to that of the price, when the price is shown;

| (b) | the colour of the arrow shall match the colour of the energy efficiency class; |
| --- | --- |

(b)

the colour of the arrow shall match the colour of the energy efficiency class;

| (c) | the range of available energy efficiency classes shall be in 100 % black; |
| --- | --- |

(c)

the range of available energy efficiency classes shall be in 100 % black;

| (d) | the size shall be such that the arrow is clearly visible and legible. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow, with a border of 0,5 pt in 100 % black placed around the arrow and the letter of the energy efficiency class.
  By way of derogation, if the visual advertisement, technical promotional material or paper-based distance selling is printed in monochrome, the arrow may be in monochrome in that visual advertisement, technical promotional material or paper-based distance selling.






  Figure 1: Coloured/monochrome left arrow, with range of energy efficiency classes indicated |
| --- | --- |

(d)

the size shall be such that the arrow is clearly visible and legible. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow, with a border of 0,5 pt in 100 % black placed around the arrow and the letter of the energy efficiency class.

By way of derogation, if the visual advertisement, technical promotional material or paper-based distance selling is printed in monochrome, the arrow may be in monochrome in that visual advertisement, technical promotional material or paper-based distance selling.

Image 14

Figure 1: Coloured/monochrome left arrow, with range of energy efficiency classes indicated

5.

Telemarketing-based distance selling shall specifically inform the customer of the energy efficiency class of the product and of the range of energy efficiency classes available on the label, and the customer shall be given the possibility to access the full label and the product information sheet through a free access website, or by requesting a printed copy.

6.

For all the situations mentioned in points 1, 2, 3 and 5, it shall be possible for the customer to obtain, on request, a printed copy of the label and the product information sheet.

---

ANNEX VIII

Information to be provided in the case of distance selling through the internet

1.

The appropriate label made available by suppliers in accordance with Article 3(1), point (g), shall be shown on the display mechanism in proximity to the price of the product. The size shall be such that the label is clearly visible and legible and shall be proportionate to the size specified in Annex III. The label may be displayed using a nested display, in which case the image used for accessing the label shall comply with the specifications laid down in point 2 of this Annex. If nested display is applied, the label shall appear on the first mouse click, mouse roll-over or tactile screen expansion on the image.

2.

| (a) | be an arrow in the colour corresponding to the energy efficiency class of the product on the label; |
| --- | --- |

(a)

be an arrow in the colour corresponding to the energy efficiency class of the product on the label;

| (b) | indicate the energy efficiency class of the product on the arrow in 100 % white, Calibri Bold and in a font size equivalent to that of the price; |
| --- | --- |

(b)

indicate the energy efficiency class of the product on the arrow in 100 % white, Calibri Bold and in a font size equivalent to that of the price;

| (c) | have the range of available energy efficiency classes in 100 % black; |
| --- | --- |

(c)

have the range of available energy efficiency classes in 100 % black;

| (d) | have the following format, and its size shall be such that the arrow is clearly visible and legible. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow, with a visible border in 100 % black placed around the arrow and the letter of the energy efficiency class:






  Figure 2: Coloured left arrow, with range of energy efficiency classes indicated |
| --- | --- |

(d)

have the following format, and its size shall be such that the arrow is clearly visible and legible. The letter in the energy efficiency class arrow shall be positioned in the centre of the rectangular part of the arrow, with a visible border in 100 % black placed around the arrow and the letter of the energy efficiency class:

Image 15

Figure 2: Coloured left arrow, with range of energy efficiency classes indicated

3.

| (a) | the image referred to in point 2 of this Annex shall be shown on the display mechanism in proximity to the price of the product; |
| --- | --- |

(a)

the image referred to in point 2 of this Annex shall be shown on the display mechanism in proximity to the price of the product;

| (b) | the image shall link to the label set out in Annex III; |
| --- | --- |

(b)

the image shall link to the label set out in Annex III;

| (c) | the label shall be displayed after a mouse click, mouse roll-over or tactile screen expansion on the image; |
| --- | --- |

(c)

the label shall be displayed after a mouse click, mouse roll-over or tactile screen expansion on the image;

| (d) | the label shall be displayed by pop up, new tab, new page or inset screen display; |
| --- | --- |

(d)

the label shall be displayed by pop up, new tab, new page or inset screen display;

| (e) | for magnification of the label on tactile screens, the device conventions for tactile magnification shall apply; |
| --- | --- |

(e)

for magnification of the label on tactile screens, the device conventions for tactile magnification shall apply;

| (f) | the label shall cease to be displayed by means of a close option or other standard closing mechanism; |
| --- | --- |

(f)

the label shall cease to be displayed by means of a close option or other standard closing mechanism;

| (g) | the alternative text for the graphic, to be displayed on failure to display the label, shall be the energy efficiency class of the product in a font size equivalent to that of the price. |
| --- | --- |

(g)

the alternative text for the graphic, to be displayed on failure to display the label, shall be the energy efficiency class of the product in a font size equivalent to that of the price.

4.

The electronic product information sheet made available by the supplier in accordance with Article 3(1), point (h) shall be shown on the display mechanism in proximity to the price of the product. The size shall be such that the product information sheet is clearly visible and legible. The product information sheet may be displayed using a nested display or by referring to the product database, in which case the link used for accessing the product information sheet shall clearly and legibly indicate ‘Product information sheet’. If a nested display is used, the product information sheet shall appear on the first mouse click, mouse roll-over or tactile screen expansion on the link.

---

ANNEX IX

Verification procedure for market surveillance purposes

The verification tolerances defined in this Annex relate only to the verification by Member State authorities of the declared values and shall not be used by the supplier as an allowed tolerance to establish the values in the technical documentation or in interpreting those values with a view to achieving compliance or to communicate better performance by any means. The values and classes published on the label or in the product information sheet shall not be more favourable for the supplier than the values declared in the technical documentation.

Where a model has been designed to be able to detect it is being tested (e.g. by recognizing the test conditions or test cycle), and to react specifically by automatically altering its performance during the test with the objective of reaching a more favourable level for any of the parameters specified in this Regulation or included in the technical documentation or included in any of the documentation provided, the model and all equivalent models shall be considered not compliant.

The EEI, the battery endurance in cycles and the battery endurance per cycle for compliance verification shall be calculated with the operating system version installed on the unit(s) at the date of their placing on the market.

As part of verifying the compliance of a product model with the requirements laid down in this Regulation, the authorities of the Member States shall apply the following procedure:

| (1) | The Member State authorities shall verify one single unit of the model pursuant to points 2(a), (b) and (c), except for repeated free fall reliability tests, where five units of a model shall be verified pursuant to point 2(d), and except for battery endurance in cycles tests, where five units of a model shall be verified pursuant to point 2(e). |
| --- | --- |

(1)

The Member State authorities shall verify one single unit of the model pursuant to points 2(a), (b) and (c), except for repeated free fall reliability tests, where five units of a model shall be verified pursuant to point 2(d), and except for battery endurance in cycles tests, where five units of a model shall be verified pursuant to point 2(e).

| (2) | The model shall be considered to comply with the applicable requirements if:






  (a) | the values given in the technical documentation pursuant to Article 3(3) of Regulation (EU) 2017/1369 (declared values), and, where applicable, the values used to calculate those values, are not more favourable for the supplier than the corresponding values given in the test reports; |
| --- | --- | --- |

(2)

The model shall be considered to comply with the applicable requirements if:

(a)

the values given in the technical documentation pursuant to Article 3(3) of Regulation (EU) 2017/1369 (declared values), and, where applicable, the values used to calculate those values, are not more favourable for the supplier than the corresponding values given in the test reports;

| (b) | the values published on the label and in the product information sheet are not more favourable for the supplier than the declared values, and the indicated energy efficiency class, the repeated free fall reliability class and the repairability class are not more favourable for the supplier than the class determined by the declared values; |
| --- | --- |

(b)

the values published on the label and in the product information sheet are not more favourable for the supplier than the declared values, and the indicated energy efficiency class, the repeated free fall reliability class and the repairability class are not more favourable for the supplier than the class determined by the declared values;

| (c) | when the Member State authorities test the unit of the model, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective verification tolerances as given in Table 10; |
| --- | --- |

(c)

when the Member State authorities test the unit of the model, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective verification tolerances as given in Table 10;

| (d) | when the Member State authorities test five units of the model for the repeated free fall reliability, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective pass rate as given in Table 11; |
| --- | --- |

(d)

when the Member State authorities test five units of the model for the repeated free fall reliability, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective pass rate as given in Table 11;

| (e) | when the Member State authorities test five units of the model for the battery endurance in cycles, the arithmetic mean of the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective verification tolerances as given in Table 10. |
| --- | --- |

(e)

when the Member State authorities test five units of the model for the battery endurance in cycles, the arithmetic mean of the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective verification tolerances as given in Table 10.

| (3) | If the results referred to in points 2(a), (b) and (e) are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation. |
| --- | --- |

(3)

If the results referred to in points 2(a), (b) and (e) are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation.

| (4) | If the result referred to in point 2(c) is not achieved, the Member State authorities shall select three additional units of the same model for testing, except for the result of the repairability index. As an alternative, the three additional units selected may be of one or more equivalent models. Concerning the repairability index, if the result referred to in point 2(c) is not achieved, the Member State authorities shall select one additional unit of the same model for testing. |
| --- | --- |

(4)

If the result referred to in point 2(c) is not achieved, the Member State authorities shall select three additional units of the same model for testing, except for the result of the repairability index. As an alternative, the three additional units selected may be of one or more equivalent models. Concerning the repairability index, if the result referred to in point 2(c) is not achieved, the Member State authorities shall select one additional unit of the same model for testing.

| (5) | If the result referred to in point 2(d) is not achieved, the Member State authorities shall select five additional units of the same model for testing. As an alternative, the five additional units selected may be of one or more equivalent models. |
| --- | --- |

(5)

If the result referred to in point 2(d) is not achieved, the Member State authorities shall select five additional units of the same model for testing. As an alternative, the five additional units selected may be of one or more equivalent models.

| (6) | The model shall be considered to comply with the applicable requirements if for the three units tested pursuant to point 4, where applicable, the arithmetic mean of the determined values complies with the respective tolerances given in Table 10, except for the result of the repairability index, where the model shall be considered to comply with the applicable requirements if the determined value complies with the respective tolerance given in Table 10. |
| --- | --- |

(6)

The model shall be considered to comply with the applicable requirements if for the three units tested pursuant to point 4, where applicable, the arithmetic mean of the determined values complies with the respective tolerances given in Table 10, except for the result of the repairability index, where the model shall be considered to comply with the applicable requirements if the determined value complies with the respective tolerance given in Table 10.

| (7) | The model shall be considered to comply with the applicable requirements if for the five units tested pursuant to point 5, where applicable, the pass rate complies with the respective values given in Table 11. |
| --- | --- |

(7)

The model shall be considered to comply with the applicable requirements if for the five units tested pursuant to point 5, where applicable, the pass rate complies with the respective values given in Table 11.

| (8) | If the results referred to in points 6 or 7 are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation, except for the result of the repairability index, where the model shall be considered not to comply with this Regulation. |
| --- | --- |

(8)

If the results referred to in points 6 or 7 are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation, except for the result of the repairability index, where the model shall be considered not to comply with this Regulation.

| (9) | The Member State authorities shall provide all relevant information to the authorities of the other Member States and to the Commission without delay once a decision has been taken on the non-compliance of the model according to points 3 or 8 or the second paragraph of this Annex.
  The Member State authorities shall use the measurement and calculation methods set out in Annex IV. |
| --- | --- |

(9)

The Member State authorities shall provide all relevant information to the authorities of the other Member States and to the Commission without delay once a decision has been taken on the non-compliance of the model according to points 3 or 8 or the second paragraph of this Annex.

The Member State authorities shall use the measurement and calculation methods set out in Annex IV.

The Member State authorities shall only apply the verification tolerances set out in Table 10 and the pass rate set out in Table 11 and shall only use the procedure set out in points 1 to 9 for the requirements referred to in this Annex. For the parameters in Table 10, no other tolerances, such as those set out in harmonised standards or in any other measurement method, shall be applied.

Table 10

Verification tolerances for measured parameters

| Parameters | Verification tolerances |
| --- | --- |
| battery endurance per cycle (ENDdevice [h]) | The determined value (1) shall not be more than 3 % lower than the declared value. |
| battery endurance in cycles – default settings [cycles] | The determined value (1) shall not be more than 20 cycles lower than the declared value. |
| rated battery capacity (Crated [mAh]) | The determined value (1) shall not be more than 10 % higher than the declared value. |
| nominal voltage [V] | The determined value (1) shall not be more than 2 % higher than the declared value. |
| final voltage for battery endurance in cycles test [V] | The determined value (1) shall not be more than 2 % higher than the declared value. |
| repairability index (R) | The determined value shall not be more than 4 % lower than the declared value. |

Parameters

Verification tolerances

battery endurance per cycle (ENDdevice [h])

The determined value (1) shall not be more than 3 % lower than the declared value.

battery endurance in cycles – default settings [cycles]

The determined value (1) shall not be more than 20 cycles lower than the declared value.

rated battery capacity (Crated [mAh])

The determined value (1) shall not be more than 10 % higher than the declared value.

nominal voltage [V]

The determined value (1) shall not be more than 2 % higher than the declared value.

final voltage for battery endurance in cycles test [V]

The determined value (1) shall not be more than 2 % higher than the declared value.

repairability index (R)

The determined value shall not be more than 4 % lower than the declared value.

Table 11

Pass rates for resistance to accidental drops

| Parameters | Pass rate tolerances |
| --- | --- |
| resistance to accidental drops | The determined value corresponding to the declared value shall be met by at least 80 % of the tested units. |

Parameters

Pass rate tolerances

resistance to accidental drops

The determined value corresponding to the declared value shall be met by at least 80 % of the tested units.

---

(1)  in the case of three additional units tested as prescribed in the fourth paragraph, point 4, the determined value means the arithmetic mean of the values determined for these three additional units.

---

| 31.8.2023 | EN | Official Journal of the European Union | L 214/47 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/47

---

COMMISSION REGULATION (EU) 2023/1670

of 16 June 2023

laying down ecodesign requirements for smartphones, mobile phones other than smartphones, cordless phones and slate tablets pursuant to Directive 2009/125/EC of the European Parliament and of the Council and amending Commission Regulation (EU) 2023/826

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive 2009/125/EC of the European Parliament and of the Council of 21 October 2009 establishing a framework for the setting of ecodesign requirements for energy-related products (1), and in particular Article 15(1) thereof,

Whereas:

| (1) | Pursuant to Directive 2009/125/EC, the Commission should set ecodesign requirements for energy-related products which account for significant volumes of sales and trade in the Union and which have a significant environmental impact and presenting significant potential for improvement through design in terms of their environmental impact, without entailing excessive costs. |
| --- | --- |

(1)

Pursuant to Directive 2009/125/EC, the Commission should set ecodesign requirements for energy-related products which account for significant volumes of sales and trade in the Union and which have a significant environmental impact and presenting significant potential for improvement through design in terms of their environmental impact, without entailing excessive costs.

| (2) | The Commission has carried out a preparatory study to analyse the technical, environmental and economic aspects of mobile phones, cordless phones and slate tablets. The study has been carried out with stakeholders and interested parties from the Union and third countries, and the results have been made publicly available. |
| --- | --- |

(2)

The Commission has carried out a preparatory study to analyse the technical, environmental and economic aspects of mobile phones, cordless phones and slate tablets. The study has been carried out with stakeholders and interested parties from the Union and third countries, and the results have been made publicly available.

| (3) | The steep increase in the demand for smartphones and tablets, combined with their increased functionality, has resulted in increased demand for energy and materials needed to manufacture these devices on the EU market, accompanied by an increase in their associated environmental impacts. In addition, devices are often replaced prematurely by users and are, at the end of their useful life, not sufficiently reused or recycled, leading to a waste of resources. Against this background, the preparatory study identified environmental aspects to be addressed in this Regulation. Those aspects mainly concern resource efficiency and include the avoidance of premature obsolescence, repairability, reliability of the products and their key components such as batteries and display, reusability and recyclability. |
| --- | --- |

(3)

The steep increase in the demand for smartphones and tablets, combined with their increased functionality, has resulted in increased demand for energy and materials needed to manufacture these devices on the EU market, accompanied by an increase in their associated environmental impacts. In addition, devices are often replaced prematurely by users and are, at the end of their useful life, not sufficiently reused or recycled, leading to a waste of resources. Against this background, the preparatory study identified environmental aspects to be addressed in this Regulation. Those aspects mainly concern resource efficiency and include the avoidance of premature obsolescence, repairability, reliability of the products and their key components such as batteries and display, reusability and recyclability.

| (4) | Ecodesign requirements should harmonise resource efficiency requirements for mobile phones, cordless phones and slate tablets throughout the Union for the internal market to operate better and in order to improve the environmental performance of those products. In light of this aim and the environmental aspects to be addressed, the preparatory study showed that ecodesign requirements should relate to design for reliability, including resistance to accidental drops, scratch resistance, protection from dust and water, and battery longevity, to the ability to be disassembled and repaired, to the availability of operating system version upgrades, to data deletion and the transfer of functionalities after use, to the provision of appropriate information for users, repairers and recyclers as well as to battery endurance. |
| --- | --- |

(4)

Ecodesign requirements should harmonise resource efficiency requirements for mobile phones, cordless phones and slate tablets throughout the Union for the internal market to operate better and in order to improve the environmental performance of those products. In light of this aim and the environmental aspects to be addressed, the preparatory study showed that ecodesign requirements should relate to design for reliability, including resistance to accidental drops, scratch resistance, protection from dust and water, and battery longevity, to the ability to be disassembled and repaired, to the availability of operating system version upgrades, to data deletion and the transfer of functionalities after use, to the provision of appropriate information for users, repairers and recyclers as well as to battery endurance.

| (5) | In order to ensure that devices are able to be effectively repaired, a range of spare parts should be available to professional repairers or end users. Those spare parts should, regardless of whether they are new or used, have the effect of upgrading or restoring the functionality of the device in which they are installed. |
| --- | --- |

(5)

In order to ensure that devices are able to be effectively repaired, a range of spare parts should be available to professional repairers or end users. Those spare parts should, regardless of whether they are new or used, have the effect of upgrading or restoring the functionality of the device in which they are installed.

| (6) | In order to ensure that devices are able to be effectively repaired, the price of spare parts should be reasonable and should not discourage repair. To create transparency and incentivise the setting of reasonable prices, the indicative pre-tax price for spare parts provided pursuant to this Regulation should be accessible on a free access website. |
| --- | --- |

(6)

In order to ensure that devices are able to be effectively repaired, the price of spare parts should be reasonable and should not discourage repair. To create transparency and incentivise the setting of reasonable prices, the indicative pre-tax price for spare parts provided pursuant to this Regulation should be accessible on a free access website.

| (7) | It is currently not possible, or extremely difficult, for the owners of mobile phones, including smartphones, and tablets to change the operating system of their device, which is chosen and maintained by the manufacturer through regular updates. Such updates generally lead to the establishment of a range of major and minor versions. Updates may be used to ensure the continued security of a device, to correct errors in the operating system or to offer new functionalities to users. They may be offered voluntarily or might be required to be offered by Union law. In order to improve the reliability of devices, therefore, it needs to be ensured that users keep receiving such updates for a minimum period of time and at no cost, including for a period after the manufacturer stops selling the relevant product model. Such updates should be offered either as updates to the latest available operating system version that has to be installable on the device, or as updates to the operating system version that was installed on the product model at the moment of the end of placement on the market, or subsequent versions. |
| --- | --- |

(7)

It is currently not possible, or extremely difficult, for the owners of mobile phones, including smartphones, and tablets to change the operating system of their device, which is chosen and maintained by the manufacturer through regular updates. Such updates generally lead to the establishment of a range of major and minor versions. Updates may be used to ensure the continued security of a device, to correct errors in the operating system or to offer new functionalities to users. They may be offered voluntarily or might be required to be offered by Union law. In order to improve the reliability of devices, therefore, it needs to be ensured that users keep receiving such updates for a minimum period of time and at no cost, including for a period after the manufacturer stops selling the relevant product model. Such updates should be offered either as updates to the latest available operating system version that has to be installable on the device, or as updates to the operating system version that was installed on the product model at the moment of the end of placement on the market, or subsequent versions.

| (8) | The requirement concerning a functionality for secure erasure of the encryption key could be implemented by means of technical solutions such as, but not limited to, a functionality implemented in firmware, typically in the bootloader, in software included in a self-contained bootable environment, or in software installable in the supported operating systems provided with the product. |
| --- | --- |

(8)

The requirement concerning a functionality for secure erasure of the encryption key could be implemented by means of technical solutions such as, but not limited to, a functionality implemented in firmware, typically in the bootloader, in software included in a self-contained bootable environment, or in software installable in the supported operating systems provided with the product.

| (9) | The total primary energy consumption of the installed base in the EU27 of mobile phones, cordless phones and slate tablets in 2020 over their lifecycle was 39,5 TWh (of which 28,5 TWh for smartphones, 1,6 TWh for mobile phones other than smartphones, 1,8 TWh for cordless phones and 7,6 TWh for slate tablets), which includes a major share of primary energy consumption in production outside the EU27. Of these 39,5 TWh, the share attributed to electricity consumption - for both production and use - is 26,6 TWh (19,2 TWh, 0,9 TWh, 1,1 TWh and 5,4 TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets). Without regulatory measures, those values are projected to decrease slightly to 39,3 TWh (29,3 TWh, 1,5 TWh, 1,4TWh and 7,3TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets) of primary energy in 2030. The combined effect of this Regulation and Commission Delegated Regulation (EU) 2023/1669 (2) is expected to limit this 2030 value to 25,4 TWh (18,2 TWh, 1,0 TWh, 1,1TWh and 5,2 TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets), saving around 33 % on the primary energy consumption of smartphones, mobile phones other than smartphones, cordless phones and slate tablets compared to what would happen if no measures were taken. |
| --- | --- |

(9)

The total primary energy consumption of the installed base in the EU27 of mobile phones, cordless phones and slate tablets in 2020 over their lifecycle was 39,5 TWh (of which 28,5 TWh for smartphones, 1,6 TWh for mobile phones other than smartphones, 1,8 TWh for cordless phones and 7,6 TWh for slate tablets), which includes a major share of primary energy consumption in production outside the EU27. Of these 39,5 TWh, the share attributed to electricity consumption - for both production and use - is 26,6 TWh (19,2 TWh, 0,9 TWh, 1,1 TWh and 5,4 TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets). Without regulatory measures, those values are projected to decrease slightly to 39,3 TWh (29,3 TWh, 1,5 TWh, 1,4TWh and 7,3TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets) of primary energy in 2030. The combined effect of this Regulation and Commission Delegated Regulation (EU) 2023/1669 (2) is expected to limit this 2030 value to 25,4 TWh (18,2 TWh, 1,0 TWh, 1,1TWh and 5,2 TWh, respectively, for smartphones, mobile phones other than smartphones, cordless phones and slate tablets), saving around 33 % on the primary energy consumption of smartphones, mobile phones other than smartphones, cordless phones and slate tablets compared to what would happen if no measures were taken.

| (10) | The relevant product parameters should be measured using reliable, accurate and reproducible methods. Those methods should take into account recognised state-of-the-art measurement methods including, where available, harmonised standards adopted by the European standardisation bodies, as listed in Annex I to Regulation (EU) No 1025/2012 of the European Parliament and of the Council (3). |
| --- | --- |

(10)

The relevant product parameters should be measured using reliable, accurate and reproducible methods. Those methods should take into account recognised state-of-the-art measurement methods including, where available, harmonised standards adopted by the European standardisation bodies, as listed in Annex I to Regulation (EU) No 1025/2012 of the European Parliament and of the Council (3).

| (11) | In accordance with Article 8 of Directive 2009/125/EC, this Regulation should specify the applicable conformity assessment procedures. |
| --- | --- |

(11)

In accordance with Article 8 of Directive 2009/125/EC, this Regulation should specify the applicable conformity assessment procedures.

| (12) | To facilitate compliance checks, manufacturers, importers or authorised representatives should provide information in the technical documentation referred to in Annexes IV and V to Directive 2009/125/EC in so far as that information relates to the requirements laid down in this Regulation. |
| --- | --- |

(12)

To facilitate compliance checks, manufacturers, importers or authorised representatives should provide information in the technical documentation referred to in Annexes IV and V to Directive 2009/125/EC in so far as that information relates to the requirements laid down in this Regulation.

| (13) | For market surveillance purposes, manufacturers, importers or authorised representatives should be allowed to refer to the product database if the technical documentation as per Delegated Regulation (EU) 2023/1669 contains the same information. |
| --- | --- |

(13)

For market surveillance purposes, manufacturers, importers or authorised representatives should be allowed to refer to the product database if the technical documentation as per Delegated Regulation (EU) 2023/1669 contains the same information.

| (14) | In order to protect consumers and to avoid that the rules laid down in this Regulation are circumvented, products that automatically alter their performance in test conditions to improve the declared parameters should be prohibited. |
| --- | --- |

(14)

In order to protect consumers and to avoid that the rules laid down in this Regulation are circumvented, products that automatically alter their performance in test conditions to improve the declared parameters should be prohibited.

| (15) | In addition to the legally binding requirements laid down in this Regulation, indicative benchmarks for best available technologies should be identified to make information on the environmental performance of products subject to this Regulation over their life cycle widely available and easily accessible, in accordance with Directive 2009/125/EC, Annex I, part 3, point (2). |
| --- | --- |

(15)

In addition to the legally binding requirements laid down in this Regulation, indicative benchmarks for best available technologies should be identified to make information on the environmental performance of products subject to this Regulation over their life cycle widely available and easily accessible, in accordance with Directive 2009/125/EC, Annex I, part 3, point (2).

| (16) | A review of this Regulation should assess the appropriateness and effectiveness of its provisions in achieving its goals. The timing of the review should take into account, among other factors, whether all provisions have been implemented and show an effect on the market. |
| --- | --- |

(16)

A review of this Regulation should assess the appropriateness and effectiveness of its provisions in achieving its goals. The timing of the review should take into account, among other factors, whether all provisions have been implemented and show an effect on the market.

| (17) | Commission Regulation (EU) 2023/826 (4) should be amended to exclude cordless phones from its scope in order to prevent any overlap with the same products in the scope of this Regulation. |
| --- | --- |

(17)

Commission Regulation (EU) 2023/826 (4) should be amended to exclude cordless phones from its scope in order to prevent any overlap with the same products in the scope of this Regulation.

| (18) | The entry into application of ecodesign requirements should be 21 months after the entry into force of this Regulation, in order to give manufacturers sufficient time to redesign their products subject to this Regulation. |
| --- | --- |

(18)

The entry into application of ecodesign requirements should be 21 months after the entry into force of this Regulation, in order to give manufacturers sufficient time to redesign their products subject to this Regulation.

| (19) | The measures provided for in this Regulation are in accordance with the opinion of the Committee established by Article 19(1) of Directive 2009/125/EC, |
| --- | --- |

(19)

The measures provided for in this Regulation are in accordance with the opinion of the Committee established by Article 19(1) of Directive 2009/125/EC,

HAS ADOPTED THIS REGULATION:

Article 1

Subject matter and scope

1.   This Regulation establishes ecodesign requirements for the placing on the market of smartphones, other mobile phones, cordless phones and slate tablets.

2.   This Regulation does not apply to the following products:

| (a) | mobile phones and tablets with a flexible main display which the user can unroll and roll up partly or fully; |
| --- | --- |

(a)

mobile phones and tablets with a flexible main display which the user can unroll and roll up partly or fully;

| (b) | smartphones for high security communication. |
| --- | --- |

(b)

smartphones for high security communication.

Article 2

Definitions

1.   For the purposes of this Regulation, the following definitions shall apply:

| (1) | ‘mobile phone’ means a cordless handheld electronic device, which has the following characteristics:






  (a) | it is designed for long-range voice communication over either a cellular telecommunications network or a satellite based telecommunications network, requiring a SIM card, eSIM or similar means to identify the connected parties; |
| --- | --- | --- |

(1)

‘mobile phone’ means a cordless handheld electronic device, which has the following characteristics:

(a)

it is designed for long-range voice communication over either a cellular telecommunications network or a satellite based telecommunications network, requiring a SIM card, eSIM or similar means to identify the connected parties;

| (b) | it is designed for battery mode usage, while connection to mains via an external power supply and/or wireless power transmission is mainly for battery charging purposes; |
| --- | --- |

(b)

it is designed for battery mode usage, while connection to mains via an external power supply and/or wireless power transmission is mainly for battery charging purposes;

| (c) | it is not designed to be worn on the wrist. |
| --- | --- |

(c)

it is not designed to be worn on the wrist.

| (2) | ‘smartphone’ means a mobile phone, which has the following characteristics:






  (a) | it is characterised by wireless network connection, mobile use of internet services, an operating system optimised for handheld use and the ability to accept original and third-party software applications; |
| --- | --- | --- |

(2)

‘smartphone’ means a mobile phone, which has the following characteristics:

(a)

it is characterised by wireless network connection, mobile use of internet services, an operating system optimised for handheld use and the ability to accept original and third-party software applications;

| (b) | it has an integrated touch screen display with a viewable diagonal size of 10,16 centimetres (or 4,0 inches) or more, but less than 17,78 centimetres (or 7,0 inches); |
| --- | --- |

(b)

it has an integrated touch screen display with a viewable diagonal size of 10,16 centimetres (or 4,0 inches) or more, but less than 17,78 centimetres (or 7,0 inches);

| (c) | where the device has a foldable display or has more than one display, at least one of the displays falls into the size range in either opened or closed mode. |
| --- | --- |

(c)

where the device has a foldable display or has more than one display, at least one of the displays falls into the size range in either opened or closed mode.

| (3) | ‘smartphone for high security communication’ means a smartphone, which has the following characteristics:






  (a) | it is accredited, or otherwise approved by the designated authority in a Member State or is in the process of accreditation or other approval to transmit, process or store classified information; |
| --- | --- | --- |

(3)

‘smartphone for high security communication’ means a smartphone, which has the following characteristics:

(a)

it is accredited, or otherwise approved by the designated authority in a Member State or is in the process of accreditation or other approval to transmit, process or store classified information;

| (b) | it is intended for professional users only; |
| --- | --- |

(b)

it is intended for professional users only;

| (c) | it is capable of detecting physical intrusion to the hardware, including for intrusion detection at least a controller, related wiring, flexible printed circuit board circuitry for drill protection integrated to the device chassis and integrated tamper loops on the main printed circuit board. |
| --- | --- |

(c)

it is capable of detecting physical intrusion to the hardware, including for intrusion detection at least a controller, related wiring, flexible printed circuit board circuitry for drill protection integrated to the device chassis and integrated tamper loops on the main printed circuit board.

| (4) | ‘professional user’ means any natural or legal person, to whom a product has been made available for use in the course of their industrial or professional activities; |
| --- | --- |

(4)

‘professional user’ means any natural or legal person, to whom a product has been made available for use in the course of their industrial or professional activities;

| (5) | ‘cordless phone’ means a cordless handheld electronic device which has the following characteristics:






  (a) | it is designed for long-range voice communication over a landline telecommunications network; |
| --- | --- | --- |

(5)

‘cordless phone’ means a cordless handheld electronic device which has the following characteristics:

(a)

it is designed for long-range voice communication over a landline telecommunications network;

| (b) | it is connected to a base station through a radio interface; |
| --- | --- |

(b)

it is connected to a base station through a radio interface;

| (c) | it is designed for battery mode usage, while connection to mains via an external power supply is mainly for battery charging purposes. |
| --- | --- |

(c)

it is designed for battery mode usage, while connection to mains via an external power supply is mainly for battery charging purposes.

| (6) | ‘base station’ means a device that acts as the bridge between the network connection (telephone or Internet connection) and one or several cordless phone handsets, but does not provide router functionality for any other devices. A base station typically provides also the build-in charging cradle to recharge the handset; |
| --- | --- |

(6)

‘base station’ means a device that acts as the bridge between the network connection (telephone or Internet connection) and one or several cordless phone handsets, but does not provide router functionality for any other devices. A base station typically provides also the build-in charging cradle to recharge the handset;

| (7) | ‘charging cradle’ means a device that acts as the charging unit for a single cordless phone handset, but does not provide network connection functionality; |
| --- | --- |

(7)

‘charging cradle’ means a device that acts as the charging unit for a single cordless phone handset, but does not provide network connection functionality;

| (8) | ‘slate tablet’ means a device that is designed for portability and has the following characteristics:






  (a) | it has an integrated touch-sensitive display with a viewable diagonal size greater than or equal to 17,78 centimetres (or 7,0 inches) and less than 44,20 centimetres (or 17,4 inches); |
| --- | --- | --- |

(8)

‘slate tablet’ means a device that is designed for portability and has the following characteristics:

(a)

it has an integrated touch-sensitive display with a viewable diagonal size greater than or equal to 17,78 centimetres (or 7,0 inches) and less than 44,20 centimetres (or 17,4 inches);

| (b) | it does not have an integrated, physically attached keyboard in its designed configuration; |
| --- | --- |

(b)

it does not have an integrated, physically attached keyboard in its designed configuration;

| (c) | it primarily relies on a wireless network connection; |
| --- | --- |

(c)

it primarily relies on a wireless network connection;

| (d) | it is powered by an internal battery and is not intended to work without battery; |
| --- | --- |

(d)

it is powered by an internal battery and is not intended to work without battery;

| (e) | it is placed on the market with an operating system designed for mobile platforms, identical or analogous to smartphones; |
| --- | --- |

(e)

it is placed on the market with an operating system designed for mobile platforms, identical or analogous to smartphones;

| (9) | ‘model identifier’ means the code, usually alphanumeric, which distinguishes a specific product model from other models with the same trade mark or the same manufacturer's, importer's or authorised representative's name; |
| --- | --- |

(9)

‘model identifier’ means the code, usually alphanumeric, which distinguishes a specific product model from other models with the same trade mark or the same manufacturer's, importer's or authorised representative's name;

| (10) | ‘product database’ means a collection of data concerning products, which is arranged in a systematic manner and consists of a consumer-oriented public part, where information concerning individual product parameters is accessible by electronic means, an online portal for accessibility and a compliance part, with clearly specified accessibility and security requirements, as laid down in Regulation (EU) 2017/1369; |
| --- | --- |

(10)

‘product database’ means a collection of data concerning products, which is arranged in a systematic manner and consists of a consumer-oriented public part, where information concerning individual product parameters is accessible by electronic means, an online portal for accessibility and a compliance part, with clearly specified accessibility and security requirements, as laid down in Regulation (EU) 2017/1369;

| (11) | ‘equivalent model’ means a model which has the same technical characteristics relevant for the technical information to be provided, but which is placed on the market or put into service by the same manufacturer, importer or authorised representative as another model with a different model identifier. |
| --- | --- |

(11)

‘equivalent model’ means a model which has the same technical characteristics relevant for the technical information to be provided, but which is placed on the market or put into service by the same manufacturer, importer or authorised representative as another model with a different model identifier.

2.   For the purposes of Annexes II to V, the definitions set out in Annex I shall apply.

Article 3

Ecodesign requirements

The ecodesign requirements set out in Annex II shall apply from the dates indicated therein.

Article 4

Conformity assessment

1.   The conformity assessment procedure as referred to in Article 8 of Directive 2009/125/EC shall be the internal design control system set out in Annex IV to that Directive or the management system set out in Annex V to that Directive.

2.   For the purposes of conformity assessment pursuant to Article 8(2) of Directive 2009/125/EC, the technical documentation shall contain a copy of the product information provided in accordance with Annex II to this Regulation, and the details and the results of the calculations set out in Annex III to this Regulation.

3.   Where the information included in the technical documentation for a particular model has been obtained:

| (a) | from a model that has the same technical characteristics relevant for the technical information to be provided but is produced by a different manufacturer, or |
| --- | --- |

(a)

from a model that has the same technical characteristics relevant for the technical information to be provided but is produced by a different manufacturer, or

| (b) | by calculation on the basis of design or extrapolation from another model of the same or a different manufacturer, or both, |
| --- | --- |

(b)

by calculation on the basis of design or extrapolation from another model of the same or a different manufacturer, or both,

the technical documentation shall include the details of such calculation, the assessment undertaken by the manufacturer to verify the accuracy of the calculation and, where appropriate, the declaration of identity between the models of different manufacturers.

The technical documentation shall include a list of all equivalent models, including the model identifiers.

4.   The technical documentation shall also include the information in the order and as set out in Annex VI to Delegated Regulation (EU) 2023/1669. For market surveillance purposes, manufacturers, importers or authorised representatives may, without prejudice to point 2(g) of Annex IV to Directive 2009/125/EC, refer to the technical documentation uploaded to the product database which contains the same information laid down in Delegated Regulation (EU) 2023/1669.

Article 5

Verification procedure for market surveillance purposes

Member States shall apply the verification procedure laid down in Annex IV to this Regulation when performing the market surveillance checks referred to in Article 3(2) of Directive 2009/125/EC.

Article 6

Circumvention

1.   Manufacturers, importers or authorised representatives shall not place on the market products designed to alter their behaviour or properties when tested by Member State authorities performing checks on product compliance, in order to reach a more favourable result for any of the declared values of the parameters covered by ecodesign requirements included in this Regulation applicable at the time of the placing on the market of the products.

This includes, but is not limited to, products designed to be able to detect they are being tested (e.g. by recognising the test conditions or test cycle) and to automatically alter their behaviour or properties in response and products pre-set to alter their behaviour or properties at the time of testing.

2.   Manufacturers, importers or authorised representatives shall not prescribe test instructions, specific for when these products are tested by Member State authorities performing checks on product compliance, that alter the behaviour or the properties of products in order to reach a more favourable result for any of the declared values of the parameters covered by ecodesign requirements included in this Regulation applicable at the time of the placing on the market of the products.

This includes, but is not limited to, prescribing a manual alteration of a product in preparation to the test that alters its behaviour or properties from the perspective of the normal use by the user.

3.   Manufacturers, importers or authorised representatives shall not place on the market products designed to alter their behaviour or properties within a short period after putting the product into service leading to a worsening of any of the declared value of the parameters covered by ecodesign requirements included in this Regulation applicable at the time of the placing on the market of the products.

Article 7

Indicative benchmarks

The indicative benchmarks for the best-performing products and technologies available on the market on 20 September 2023 are set out in Annex V.

Article 8

Review

The Commission shall review this Regulation in the light of technological progress and present the result of this assessment including, if appropriate, a draft revision proposal, to the Consultation Forum established pursuant to Article 14(1) of Regulation (EU) 2017/1369 of the European Parliament and of the Council (5) by 20 September 2027.

5

The review shall in particular assess:

| (a) | the need to revise the scope of this Regulation to reflect market evolution; |
| --- | --- |

(a)

the need to revise the scope of this Regulation to reflect market evolution;

| (b) | the appropriateness of including smart wearables in the scope of this Regulation and of laying down generic and specific requirements for these; |
| --- | --- |

(b)

the appropriateness of including smart wearables in the scope of this Regulation and of laying down generic and specific requirements for these;

| (c) | the appropriateness of setting specific ecodesign requirements on the resistance of slate tablets to accidental drops; |
| --- | --- |

(c)

the appropriateness of setting specific ecodesign requirements on the resistance of slate tablets to accidental drops;

| (d) | the appropriateness of increasing the stringency of the requirement on battery endurance in cycles; |
| --- | --- |

(d)

the appropriateness of increasing the stringency of the requirement on battery endurance in cycles;

| (e) | the appropriateness of defining a standardised battery that could be used interchangeably across a range of mobile phones and slate tablets; |
| --- | --- |

(e)

the appropriateness of defining a standardised battery that could be used interchangeably across a range of mobile phones and slate tablets;

| (f) | the need to set out requirements to enable or improve repair and upgradeability with used or third-party spare parts; |
| --- | --- |

(f)

the need to set out requirements to enable or improve repair and upgradeability with used or third-party spare parts;

| (g) | the need to revise or extend the list of spare parts, of spare parts availability per target group including professional repairers and end-users, and of repair information for which requirements are set out; |
| --- | --- |

(g)

the need to revise or extend the list of spare parts, of spare parts availability per target group including professional repairers and end-users, and of repair information for which requirements are set out;

| (h) | the inclusion of further chemical elements in the information requirements in Annex II; |
| --- | --- |

(h)

the inclusion of further chemical elements in the information requirements in Annex II;

| (i) | the need to include reliability requirements related to foldable devices; |
| --- | --- |

(i)

the need to include reliability requirements related to foldable devices;

| (j) | the appropriateness to impose requirements on the recycled content of materials; |
| --- | --- |

(j)

the appropriateness to impose requirements on the recycled content of materials;

| (k) | the appropriateness of imposing further information requirements on spare part prices; |
| --- | --- |

(k)

the appropriateness of imposing further information requirements on spare part prices;

| (l) | the option for manufacturers to make data for 3D printing of plastic components (e.g. battery compartment cover, buttons etc.) publicly available on a free-access website, either in addition to their obligation to make these spare parts available to professional repairers or end-users or as a means to fulfil this obligation; |
| --- | --- |

(l)

the option for manufacturers to make data for 3D printing of plastic components (e.g. battery compartment cover, buttons etc.) publicly available on a free-access website, either in addition to their obligation to make these spare parts available to professional repairers or end-users or as a means to fulfil this obligation;

| (m) | the appropriateness to prohibit serialisation of parts; |
| --- | --- |

(m)

the appropriateness to prohibit serialisation of parts;

| (n) | the appropriateness of requirements regarding functionality updates to the operating system; |
| --- | --- |

(n)

the appropriateness of requirements regarding functionality updates to the operating system;

| (o) | the appropriateness of the exemptions for foldable devices; |
| --- | --- |

(o)

the appropriateness of the exemptions for foldable devices;

| (p) | the appropriateness of setting ecodesign requirements for mobile phones with a flexible main display which the user can unroll and roll up partly or fully; |
| --- | --- |

(p)

the appropriateness of setting ecodesign requirements for mobile phones with a flexible main display which the user can unroll and roll up partly or fully;

| (q) | the appropriateness of extension of the periods for availability of updates to the operating system; |
| --- | --- |

(q)

the appropriateness of extension of the periods for availability of updates to the operating system;

| (r) | the appropriateness of extension of the period for availability of spare parts. |
| --- | --- |

(r)

the appropriateness of extension of the period for availability of spare parts.

Article 9

Amendment to Regulation (EU) 2023/826

Regulation (EU) 2023/826 is amended as follows:

In point 3 of Annex II the entry ‘other equipment for the purpose of recording or reproducing sound or images, including signals or other technologies for the distribution of sound and image other than by telecommunications, but excluding electronic displays covered by Regulation (EU) 2019/2021 and projectors with mechanisms for exchanging the lenses with others with different focal length’ is replaced by the following:

‘other equipment for the purpose of recording or reproducing sound or images, including signals or other technologies for the distribution of sound and image other than by telecommunications, but excluding electronic displays covered by Regulation (EU) 2019/2021, cordless phones covered by Regulation (EU) 2023/1669, and projectors with mechanisms for exchanging the lenses with others with different focal length.’

Article 10

Entry into force and application

This Regulation shall enter into force on the twentieth day following its publication in the Official Journal of the European Union.

Official Journal of the European Union

It shall apply from 20 June 2025. Article 6 shall apply from 20 September 2023.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 June 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 285, 31.10.2009, p. 10.

1

(2)  Commission Delegated Regulation (EU) 2023/1669 of 16 June 2023 supplementing Regulation (EU) 2017/1369 of the European Parliament and of the Council with regard to the energy labelling of smartphones and slate tablets (See page 9 of this Official Journal).

2

(3)  Regulation (EU) No 1025/2012 of the European Parliament and of the Council of 25 October 2012 on European standardisation, amending Council Directives 89/686/EEC and 93/15/EEC and Directives 94/9/EC, 94/25/EC, 95/16/EC, 97/23/EC, 98/34/EC, 2004/22/EC, 2007/23/EC, 2009/23/EC and 2009/105/EC of the European Parliament and of the Council and repealing Council Decision 87/95/EEC and Decision No 1673/2006/EC of the European Parliament and of the Council (OJ L 316, 14.11.2012, p. 12).

3

(4)  Commission Regulation (EU) 2023/826 of 17 April 2023 laying down ecodesign requirements for off mode, standby mode, and networked standby energy consumption of electrical and electronic household and office equipment pursuant to Directive 2009/125/EC of the European Parliament and of the Council and repealing Commission Regulations (EC) No 1275/2008 and (EC) No 107/2009 (OJ L 103, 18.4.2023, p. 29).

4

(5)  Regulation (EU) 2017/1369 of the European Parliament and of the Council of 4 July 2017 setting a framework for energy labelling and repealing Directive 2010/30/EU (OJ L 198, 28.7.2017, p. 1).

5

---

ANNEX I

Definitions applicable to the Annexes

| (1) | ‘networked standby’ means networked standby within the meaning of Article 2(10) of Regulation (EU) 2023/826; |
| --- | --- |

(1)

‘networked standby’ means networked standby within the meaning of Article 2(10) of Regulation (EU) 2023/826;

| (2) | ‘Pn’ is the power consumption in networked standby mode, expressed in Watt and rounded to two decimal places; |
| --- | --- |

(2)

‘Pn’ is the power consumption in networked standby mode, expressed in Watt and rounded to two decimal places;

| (3) | ‘spare part’ means a separate part that can replace a part with the same or similar function in a mobile phone, cordless phone or slate tablet. The functionality of the mobile phone, cordless phone or slate tablet is restored or upgraded when the part is replaced by a spare part. Spare parts may be used parts; |
| --- | --- |

(3)

‘spare part’ means a separate part that can replace a part with the same or similar function in a mobile phone, cordless phone or slate tablet. The functionality of the mobile phone, cordless phone or slate tablet is restored or upgraded when the part is replaced by a spare part. Spare parts may be used parts;

| (4) | ‘serialised part’ means a part which has a unique code that is paired to an individual unit of a device and whose replacement by a spare part requires the pairing of that spare part to the device by means of a software code to ensure full functionality of the spare part and the device; |
| --- | --- |

(4)

‘serialised part’ means a part which has a unique code that is paired to an individual unit of a device and whose replacement by a spare part requires the pairing of that spare part to the device by means of a software code to ensure full functionality of the spare part and the device;

| (5) | ‘professional repairer’ means an operator or undertaking which performs repair and professional maintenance of mobile phones, cordless phones or slate tablets, either as a service or with a view to the subsequent resale of the repaired device; |
| --- | --- |

(5)

‘professional repairer’ means an operator or undertaking which performs repair and professional maintenance of mobile phones, cordless phones or slate tablets, either as a service or with a view to the subsequent resale of the repaired device;

| (6) | ‘fastener’ means a hardware device or substance that mechanically, magnetically or by other means connects or fixes two or more objects, parts or pieces. A hardware device which in addition serves an electrical function shall also be considered a fastener; |
| --- | --- |

(6)

‘fastener’ means a hardware device or substance that mechanically, magnetically or by other means connects or fixes two or more objects, parts or pieces. A hardware device which in addition serves an electrical function shall also be considered a fastener;

| (7) | ‘required fastener’ means any fastener to be disassembled according to the repair instructions provided by manufacturers, importers or authorised representatives to get access to a part which is meant to be replaced by a spare part; |
| --- | --- |

(7)

‘required fastener’ means any fastener to be disassembled according to the repair instructions provided by manufacturers, importers or authorised representatives to get access to a part which is meant to be replaced by a spare part;

| (8) | ‘reusable fastener’ means a fastener that can be completely reused in the reassembly for the same purpose and that does no damage either to the product or to the fastener itself during the disassembly or reassembly process in a way that makes their multiple reuse impossible; |
| --- | --- |

(8)

‘reusable fastener’ means a fastener that can be completely reused in the reassembly for the same purpose and that does no damage either to the product or to the fastener itself during the disassembly or reassembly process in a way that makes their multiple reuse impossible;

| (9) | ‘resupplied fastener’ means a removable fastener that is supplied at no additional cost with the spare part which it is intended to connect or fix; adhesives shall be considered resupplied fasteners if they are supplied with the spare part in a quantity that is sufficient for the reassembly, at no additional cost; |
| --- | --- |

(9)

‘resupplied fastener’ means a removable fastener that is supplied at no additional cost with the spare part which it is intended to connect or fix; adhesives shall be considered resupplied fasteners if they are supplied with the spare part in a quantity that is sufficient for the reassembly, at no additional cost;

| (10) | ‘removable fastener’ means a fastener that is not a reusable fastener, but whose removal does not damage the product, or leave residue, which precludes reassembly; |
| --- | --- |

(10)

‘removable fastener’ means a fastener that is not a reusable fastener, but whose removal does not damage the product, or leave residue, which precludes reassembly;

| (11) | ‘battery’ means any part consisting of one or several battery cells, including, as relevant to the product model, an electronic circuitry with battery-related sensors for battery management, housing(s), battery tray, brackets, shieldings, thermal interface materials, and electric connections to other assemblies of the device; |
| --- | --- |

(11)

‘battery’ means any part consisting of one or several battery cells, including, as relevant to the product model, an electronic circuitry with battery-related sensors for battery management, housing(s), battery tray, brackets, shieldings, thermal interface materials, and electric connections to other assemblies of the device;

| (12) | ‘back cover’ or ‘back cover assembly’ means the main backside housing, including one or more of the following elements, as relevant to the product model: the frame, a backside cover layer attached to the main back cover body, rear-facing camera lens covers, printed antennas, brackets, shieldings, gaskets, electric connections to other assemblies of the device and thermal interface materials; |
| --- | --- |

(12)

‘back cover’ or ‘back cover assembly’ means the main backside housing, including one or more of the following elements, as relevant to the product model: the frame, a backside cover layer attached to the main back cover body, rear-facing camera lens covers, printed antennas, brackets, shieldings, gaskets, electric connections to other assemblies of the device and thermal interface materials;

| (13) | ‘auxiliary microphone’ means a microphone that is not essential for user’s voice signals, but provides secondary functions, such as, but not limited to, ambient noise reduction; |
| --- | --- |

(13)

‘auxiliary microphone’ means a microphone that is not essential for user’s voice signals, but provides secondary functions, such as, but not limited to, ambient noise reduction;

| (14) | ‘front-facing camera assembly’ means any part consisting of one or several cameras oriented towards the user of the device, including, as relevant to the product model:






  (a) | camera components and related sensors; |
| --- | --- | --- |

(14)

‘front-facing camera assembly’ means any part consisting of one or several cameras oriented towards the user of the device, including, as relevant to the product model:

(a)

camera components and related sensors;

| (b) | flashlight components; |
| --- | --- |

(b)

flashlight components;

| (c) | optical components; |
| --- | --- |

(c)

optical components;

| (d) | mechanical components needed for functions such as image stabilisation and focus; |
| --- | --- |

(d)

mechanical components needed for functions such as image stabilisation and focus;

| (e) | module housing(s); |
| --- | --- |

(e)

module housing(s);

| (f) | brackets; |
| --- | --- |

(f)

brackets;

| (g) | shieldings; |
| --- | --- |

(g)

shieldings;

| (h) | signal lights; |
| --- | --- |

(h)

signal lights;

| (i) | auxiliary microphones; |
| --- | --- |

(i)

auxiliary microphones;

| (j) | electric connections to other assemblies of the device; |
| --- | --- |

(j)

electric connections to other assemblies of the device;

| (15) | ‘rear-facing camera assembly’ means any part consisting of one or several cameras oriented to the rear side of the device, including, as relevant to the product model:






  (a) | camera components and related sensors; |
| --- | --- | --- |

(15)

‘rear-facing camera assembly’ means any part consisting of one or several cameras oriented to the rear side of the device, including, as relevant to the product model:

(a)

camera components and related sensors;

| (b) | flashlight components; |
| --- | --- |

(b)

flashlight components;

| (c) | optical components; |
| --- | --- |

(c)

optical components;

| (d) | mechanical components needed for functions such as image stabilisation and focus; |
| --- | --- |

(d)

mechanical components needed for functions such as image stabilisation and focus;

| (e) | module housing(s); |
| --- | --- |

(e)

module housing(s);

| (f) | brackets; |
| --- | --- |

(f)

brackets;

| (g) | shieldings; |
| --- | --- |

(g)

shieldings;

| (h) | auxiliary microphones; |
| --- | --- |

(h)

auxiliary microphones;

| (i) | electric connections to other assemblies of the device; |
| --- | --- |

(i)

electric connections to other assemblies of the device;

| (16) | ‘external audio connector’ means a connector for audio signals to connect to a headset or external loudspeakers or similar audio device, including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device; |
| --- | --- |

(16)

‘external audio connector’ means a connector for audio signals to connect to a headset or external loudspeakers or similar audio device, including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

| (17) | ‘external charging port’ means a port for wired battery charging, possibly also used for data exchange and reverse charging of another device, which is composed of a USB-C receptacle and a related housing and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device; |
| --- | --- |

(17)

‘external charging port’ means a port for wired battery charging, possibly also used for data exchange and reverse charging of another device, which is composed of a USB-C receptacle and a related housing and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

| (18) | ‘mechanical button’ means a mechanical switch or an assembly of mechanical switches that can be depressed or a slider button which can be mechanically moved to switch on or off functions such as volume, triggering the camera, or switching on or off the device and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device; |
| --- | --- |

(18)

‘mechanical button’ means a mechanical switch or an assembly of mechanical switches that can be depressed or a slider button which can be mechanically moved to switch on or off functions such as volume, triggering the camera, or switching on or off the device and including, as relevant to the product model, brackets, gaskets and electric connections to other assemblies of the device;

| (19) | ‘main microphone(s)’ means the microphone(s) intended for the user’s voice signals including, as relevant to the product model, gaskets and electric connections to other assemblies of the device; |
| --- | --- |

(19)

‘main microphone(s)’ means the microphone(s) intended for the user’s voice signals including, as relevant to the product model, gaskets and electric connections to other assemblies of the device;

| (20) | ‘speaker’ means any loudspeaker and any mechanical part to generate sound, including, as relevant to the product model, module housing(s), gaskets and electric connections to other assemblies of the device; |
| --- | --- |

(20)

‘speaker’ means any loudspeaker and any mechanical part to generate sound, including, as relevant to the product model, module housing(s), gaskets and electric connections to other assemblies of the device;

| (21) | ‘hinge assembly’ means a part that allows a device to be folded while preserving its operational integrity including, where relevant, module housings; |
| --- | --- |

(21)

‘hinge assembly’ means a part that allows a device to be folded while preserving its operational integrity including, where relevant, module housings;

| (22) | ‘mechanical display folding mechanism’ means a part that allows a device, including its display, to be folded while preserving its operational integrity; |
| --- | --- |

(22)

‘mechanical display folding mechanism’ means a part that allows a device, including its display, to be folded while preserving its operational integrity;

| (23) | ‘charger’ means an external power supply to charge the battery of and provide electrical power to a battery-powered mobile phone, cordless phone or slate tablet; |
| --- | --- |

(23)

‘charger’ means an external power supply to charge the battery of and provide electrical power to a battery-powered mobile phone, cordless phone or slate tablet;

| (24) | ‘SIM tray and memory card tray’ means a movable tray for a removable SIM card or memory card; |
| --- | --- |

(24)

‘SIM tray and memory card tray’ means a movable tray for a removable SIM card or memory card;

| (25) | ‘display assembly’ means the assembly of display unit and where relevant front panel digitiser unit, including, as relevant to the product model:






  (a) | backplate; |
| --- | --- | --- |

(25)

‘display assembly’ means the assembly of display unit and where relevant front panel digitiser unit, including, as relevant to the product model:

(a)

backplate;

| (b) | shielding; |
| --- | --- |

(b)

shielding;

| (c) | display frame; |
| --- | --- |

(c)

display frame;

| (d) | backlight units; |
| --- | --- |

(d)

backlight units;

| (e) | electronics circuitry including:






  (i) | display driver but excluding the main graphics processing unit functionality; |
| --- | --- | --- |

(e)

electronics circuitry including:

(i)

display driver but excluding the main graphics processing unit functionality;

| (ii) | row and column controllers; |
| --- | --- |

(ii)

row and column controllers;

| (iii) | touch signal circuitry; |
| --- | --- |

(iii)

touch signal circuitry;

| (iv) | electric connections to other assemblies of the device; |
| --- | --- |

(iv)

electric connections to other assemblies of the device;

| (26) | ‘protective foil for foldable display’ means a protective film designed to be attached to the display of a foldable device to enhance the reliability and to reduce mechanical wear of the screen surface; |
| --- | --- |

(26)

‘protective foil for foldable display’ means a protective film designed to be attached to the display of a foldable device to enhance the reliability and to reduce mechanical wear of the screen surface;

| (27) | ‘free access website’ means a website that can be accessed without having to pay or to provide personal information, including an email address or phone number; |
| --- | --- |

(27)

‘free access website’ means a website that can be accessed without having to pay or to provide personal information, including an email address or phone number;

| (28) | ‘failure analysis’ means a process of collecting and analysing data to identify the part of a mobile phone, cordless phone or slate tablet which causes a malfunction; |
| --- | --- |

(28)

‘failure analysis’ means a process of collecting and analysing data to identify the part of a mobile phone, cordless phone or slate tablet which causes a malfunction;

| (29) | ‘separate protective cover’ means a protective cover which may be shipped with a mobile phone, cordless phone or slate tablet, but does not serve as a required part of the housing and is not considered an integral part of the product; |
| --- | --- |

(29)

‘separate protective cover’ means a protective cover which may be shipped with a mobile phone, cordless phone or slate tablet, but does not serve as a required part of the housing and is not considered an integral part of the product;

| (30) | ‘encryption’ means a (reversible) transformation of data by a cryptographic algorithm to produce ciphertext, namely to hide the information content of the data; |
| --- | --- |

(30)

‘encryption’ means a (reversible) transformation of data by a cryptographic algorithm to produce ciphertext, namely to hide the information content of the data;

| (31) | ‘key’ means a sequence of symbols that controls the operation of a cryptographic transformation (e.g., encipherment, decipherment); |
| --- | --- |

(31)

‘key’ means a sequence of symbols that controls the operation of a cryptographic transformation (e.g., encipherment, decipherment);

| (32) | ‘disassembly’ means a process whereby a product is separated into its parts and/or components in such a way that it could subsequently be reassembled and made operational; |
| --- | --- |

(32)

‘disassembly’ means a process whereby a product is separated into its parts and/or components in such a way that it could subsequently be reassembled and made operational;

| (33) | ‘operating system’ means the general type of pre-installed software that controls the execution of programs and that may provide services such as resource allocation, scheduling, input-output control and data management; it is normally subject to regular updates leading to the establishment of a range of major and minor versions; it includes any pre-installed software applications which the user cannot uninstall; |
| --- | --- |

(33)

‘operating system’ means the general type of pre-installed software that controls the execution of programs and that may provide services such as resource allocation, scheduling, input-output control and data management; it is normally subject to regular updates leading to the establishment of a range of major and minor versions; it includes any pre-installed software applications which the user cannot uninstall;

| (34) | ‘security update’ means an operating system update, including security patches, if relevant for a given device, whose main purpose is to provide enhanced security for the device; |
| --- | --- |

(34)

‘security update’ means an operating system update, including security patches, if relevant for a given device, whose main purpose is to provide enhanced security for the device;

| (35) | ‘corrective update’ means an operating system update, including corrective patches, whose purpose is to provide corrections to bugs, errors or malfunctions in the operating system; |
| --- | --- |

(35)

‘corrective update’ means an operating system update, including corrective patches, whose purpose is to provide corrections to bugs, errors or malfunctions in the operating system;

| (36) | ‘functionality update’ means an operating system update whose main purpose is to implement new functionalities; |
| --- | --- |

(36)

‘functionality update’ means an operating system update whose main purpose is to implement new functionalities;

| (37) | ‘rated capacity’ means the amount of electricity declared by the manufacturer that a battery can deliver during a 5-hour period when measured under specified conditions, expressed in milliampere-hours (mAh); |
| --- | --- |

(37)

‘rated capacity’ means the amount of electricity declared by the manufacturer that a battery can deliver during a 5-hour period when measured under specified conditions, expressed in milliampere-hours (mAh);

| (38) | ‘battery endurance in cycles’ means the number of charge/discharge cycles a battery can withstand until its usable electrical capacity has reached 80 % of its rated capacity, expressed in cycles; |
| --- | --- |

(38)

‘battery endurance in cycles’ means the number of charge/discharge cycles a battery can withstand until its usable electrical capacity has reached 80 % of its rated capacity, expressed in cycles;

| (39) | ‘state of charge’ means the available capacity in a battery expressed as a percentage of rated capacity; |
| --- | --- |

(39)

‘state of charge’ means the available capacity in a battery expressed as a percentage of rated capacity;

| (40) | ‘state of health’ means a measure of the general condition of a rechargeable battery and its ability to deliver the specified performance compared with its initial condition, expressed as the remaining full charge capacity relative to the rated capacity, in %; |
| --- | --- |

(40)

‘state of health’ means a measure of the general condition of a rechargeable battery and its ability to deliver the specified performance compared with its initial condition, expressed as the remaining full charge capacity relative to the rated capacity, in %;

| (41) | ‘battery management system’ means an electronic device that controls or manages the electric and thermal functions of the battery, that manages and stores the data on the parameters for recording the date of manufacturing of the battery, date of first use of the battery, number of charge/discharge cycles, and the state of health of the battery, and that communicates with the product in which the battery is incorporated; |
| --- | --- |

(41)

‘battery management system’ means an electronic device that controls or manages the electric and thermal functions of the battery, that manages and stores the data on the parameters for recording the date of manufacturing of the battery, date of first use of the battery, number of charge/discharge cycles, and the state of health of the battery, and that communicates with the product in which the battery is incorporated;

| (42) | ‘remaining capacity’ of a battery means the capacity with the battery keeping normal peak performance and measured relative to when the product was new; |
| --- | --- |

(42)

‘remaining capacity’ of a battery means the capacity with the battery keeping normal peak performance and measured relative to when the product was new;

| (43) | ‘smart charging’ means an adaptive battery charging profile based on algorithms learning from user behaviour to optimise the charging profile in terms of reducing battery lifetime limiting effects; |
| --- | --- |

(43)

‘smart charging’ means an adaptive battery charging profile based on algorithms learning from user behaviour to optimise the charging profile in terms of reducing battery lifetime limiting effects;

| (44) | 'Rcyc' means the recyclability rate, expressed in %; |
| --- | --- |

(44)

'Rcyc' means the recyclability rate, expressed in %;

| (45) | ‘ingress protection rating’ means the extent of protection provided by an enclosure against ingress of solid foreign objects and/or against ingress of water, measured according to standardised test methods and expressed with a coding system to indicate the degree of such protection; |
| --- | --- |

(45)

‘ingress protection rating’ means the extent of protection provided by an enclosure against ingress of solid foreign objects and/or against ingress of water, measured according to standardised test methods and expressed with a coding system to indicate the degree of such protection;

| (46) | ‘date of placement on the market’ means the date of placing on the market of the first unit of a product model; |
| --- | --- |

(46)

‘date of placement on the market’ means the date of placing on the market of the first unit of a product model;

| (47) | ‘date of end of placement on the market’ means the date of placing on the market of the last unit of a product model; |
| --- | --- |

(47)

‘date of end of placement on the market’ means the date of placing on the market of the last unit of a product model;

| (48) | ‘secure deletion of the encryption key’ means the effective erasure of the encryption key used to encrypt and decrypt data, overwriting the key completely in such a way that access to the original key, or parts of it, becomes infeasible; |
| --- | --- |

(48)

‘secure deletion of the encryption key’ means the effective erasure of the encryption key used to encrypt and decrypt data, overwriting the key completely in such a way that access to the original key, or parts of it, becomes infeasible;

| (49) | ‘proprietary tool’ means a tool that is not available for purchase by the general public or for which any applicable patents are not available to licence under fair, reasonable and non-discriminatory terms; |
| --- | --- |

(49)

‘proprietary tool’ means a tool that is not available for purchase by the general public or for which any applicable patents are not available to licence under fair, reasonable and non-discriminatory terms;

| (50) | 'basic tools' means a screwdriver for slotted heads, a screwdriver for cross recess screws, a screwdriver for hexalobular recess heads, a hexagon socket key, a combination wrench, combination pliers, combination pliers for wire stripping and terminal crimping, half round nose pliers, diagonal cutters, multigrip pliers, locking pliers, a prying lever, tweezers, magnifying glass, a spudger and a pick; |
| --- | --- |

(50)

'basic tools' means a screwdriver for slotted heads, a screwdriver for cross recess screws, a screwdriver for hexalobular recess heads, a hexagon socket key, a combination wrench, combination pliers, combination pliers for wire stripping and terminal crimping, half round nose pliers, diagonal cutters, multigrip pliers, locking pliers, a prying lever, tweezers, magnifying glass, a spudger and a pick;

| (51) | ‘commercially available tool’ means a tool that is available for purchase by the general public and is neither basic tools nor a proprietary tool; |
| --- | --- |

(51)

‘commercially available tool’ means a tool that is available for purchase by the general public and is neither basic tools nor a proprietary tool;

| (52) | ‘production-equivalent environment’ means an environment that is comparable with the environment in which a product was manufactured; |
| --- | --- |

(52)

‘production-equivalent environment’ means an environment that is comparable with the environment in which a product was manufactured;

| (53) | ‘use environment’ means an environment where the product is in use; |
| --- | --- |

(53)

‘use environment’ means an environment where the product is in use;

| (54) | ‘workshop environment’ means an environment, that is neither a use environment nor a production-equivalent environment, and where machinery and/or tools are used under controlled conditions as suitable for the repair activities; |
| --- | --- |

(54)

‘workshop environment’ means an environment, that is neither a use environment nor a production-equivalent environment, and where machinery and/or tools are used under controlled conditions as suitable for the repair activities;

| (55) | ‘generalist’ means a person with general knowledge of basic repair techniques and safety precautions; |
| --- | --- |

(55)

‘generalist’ means a person with general knowledge of basic repair techniques and safety precautions;

| (56) | ‘layman’ means a person without any specific repair experience or related qualifications; |
| --- | --- |

(56)

‘layman’ means a person without any specific repair experience or related qualifications;

| (57) | 'declared values' means the values provided by the manufacturer, importer or authorised representative for the stated, calculated or measured technical parameters in accordance with Article 4, for the verification of compliance by the Member State authorities; |
| --- | --- |

(57)

'declared values' means the values provided by the manufacturer, importer or authorised representative for the stated, calculated or measured technical parameters in accordance with Article 4, for the verification of compliance by the Member State authorities;

| (58) | ‘fully extended state’ means a state of the device whereby movable parts as intended for use, such as displays and keyboards, are unfolded, flipped open or similarly extended in a way that the projected area of length times width is maximised. |
| --- | --- |

(58)

‘fully extended state’ means a state of the device whereby movable parts as intended for use, such as displays and keyboards, are unfolded, flipped open or similarly extended in a way that the projected area of length times width is maximised.

---

ANNEX II

Ecodesign requirements

A.   MOBILE PHONES OTHER THAN SMARTPHONES

1.   RESOURCE EFFICIENCY REQUIREMENTS

1.1.   Design for repair and reuse

(1)   Availability of spare parts:

| (a) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:






  (i) | battery or batteries; |
| --- | --- | --- |

(a)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:

(i)

battery or batteries;

| (ii) | front-facing camera assembly; |
| --- | --- |

(ii)

front-facing camera assembly;

| (iii) | rear-facing camera assembly; |
| --- | --- |

(iii)

rear-facing camera assembly;

| (iv) | external audio connector(s); |
| --- | --- |

(iv)

external audio connector(s);

| (v) | external charging port(s); |
| --- | --- |

(v)

external charging port(s);

| (vi) | mechanical button(s); |
| --- | --- |

(vi)

mechanical button(s);

| (vii) | main microphone(s); |
| --- | --- |

(vii)

main microphone(s);

| (viii) | speaker(s); |
| --- | --- |

(viii)

speaker(s);

| (ix) | hinge assembly; |
| --- | --- |

(ix)

hinge assembly;

| (x) | mechanical display folding mechanism. |
| --- | --- |

(x)

mechanical display folding mechanism.

| (b) | Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:






  (i) | microphones may be part of a loudspeaker or external charging port assembly; |
| --- | --- | --- |

(b)

Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:

(i)

microphones may be part of a loudspeaker or external charging port assembly;

| (ii) | external audio connector(s) may be combined with the external charging port(s) as the same port(s); |
| --- | --- |

(ii)

external audio connector(s) may be combined with the external charging port(s) as the same port(s);

| (iii) | external charging port(s) may be combined with the external audio connector(s) as the same port(s); |
| --- | --- |

(iii)

external charging port(s) may be combined with the external audio connector(s) as the same port(s);

| (iv) | hinge assembly may be part of a mechanical display folding mechanism; |
| --- | --- |

(iv)

hinge assembly may be part of a mechanical display folding mechanism;

| (v) | microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:






  — | the power button has a contact closure cycle resistance ≥225 000 cycles; |
| --- | --- | --- |

(v)

microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:

—

the power button has a contact closure cycle resistance ≥225 000 cycles;

| — | the volume button has a contact closure cycle resistance ≥100 000 cycles; |
| --- | --- |

—

the volume button has a contact closure cycle resistance ≥100 000 cycles;

| — | the charging connector has a insertion/extraction cycle resistance ≥12 000 cycles. |
| --- | --- |

—

the charging connector has a insertion/extraction cycle resistance ≥12 000 cycles.

| (c) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later:






  (i) | manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:






  (a) | battery or batteries; |
| --- | --- | --- | --- |

(c)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later:

(i)

manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:

(a)

battery or batteries;

| (b) | back cover or back cover assembly, if to be fully removed for replacement of the battery; |
| --- | --- |

(b)

back cover or back cover assembly, if to be fully removed for replacement of the battery;

| (c) | protective foil for foldable displays; |
| --- | --- |

(c)

protective foil for foldable displays;

| (d) | display assembly; |
| --- | --- |

(d)

display assembly;

| (e) | charger, unless the device complies with Article 3(4) of Directive 2014/53/EU (1); |
| --- | --- |

(e)

charger, unless the device complies with Article 3(4) of Directive 2014/53/EU (1);

| (f) | SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray. |
| --- | --- |

(f)

SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray.

| (ii) | manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:






  (a) | after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- | --- |

(ii)

manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:

(a)

after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| (b) | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity; |
| --- | --- |

(b)

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity;

| (c) | the device meets IP67 rating. |
| --- | --- |

(c)

the device meets IP67 rating.

| (d) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by point (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts; |
| --- | --- |

(d)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by point (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts;

(2)   Access to repair and maintenance information

| (a) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market, provide access to repair and maintenance information to professional repairers for parts covered by points 1(a) and (c) in the following conditions, unless that information is made publicly available at the free access website of the manufacturer, importer or authorised representative:






  (a) | The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:






  (i) | the professional repairer has the technical competence to repair mobile phones other than smartphones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point; |
| --- | --- | --- | --- |

(a)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market, provide access to repair and maintenance information to professional repairers for parts covered by points 1(a) and (c) in the following conditions, unless that information is made publicly available at the free access website of the manufacturer, importer or authorised representative:

(a)

The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:

(i)

the professional repairer has the technical competence to repair mobile phones other than smartphones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point;

| (ii) | the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State; |
| --- | --- |

(ii)

the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State;

| (b) | Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access; |
| --- | --- |

(b)

Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access;

| (c) | Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information; |
| --- | --- |

(c)

Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information;

| (d) | Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant; |
| --- | --- |

(d)

Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant;

| (e) | The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:






  (i) | the unequivocal product identification; |
| --- | --- | --- |

(e)

The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:

(i)

the unequivocal product identification;

| (ii) | a disassembly map or exploded view; |
| --- | --- |

(ii)

a disassembly map or exploded view;

| (iii) | wiring and connection diagrams, as required for failure analysis; |
| --- | --- |

(iii)

wiring and connection diagrams, as required for failure analysis;

| (iv) | electronic board diagrams; |
| --- | --- |

(iv)

electronic board diagrams;

| (v) | a list of necessary repair and test equipment; |
| --- | --- |

(v)

a list of necessary repair and test equipment;

| (vi) | technical manual of instructions for repair, including marking of the individual steps; |
| --- | --- |

(vi)

technical manual of instructions for repair, including marking of the individual steps;

| (vii) | diagnostic fault and error information (including manufacturer-specific codes, where applicable); |
| --- | --- |

(vii)

diagnostic fault and error information (including manufacturer-specific codes, where applicable);

| (viii) | component and diagnosis information (such as minimum and maximum theoretical values for measurements); |
| --- | --- |

(viii)

component and diagnosis information (such as minimum and maximum theoretical values for measurements);

| (ix) | instructions for software and firmware (including reset software); |
| --- | --- |

(ix)

instructions for software and firmware (including reset software);

| (x) | information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information; |
| --- | --- |

(x)

information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information;

| (xi) | information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b); |
| --- | --- |

(xi)

information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b);

| (f) | Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information. |
| --- | --- |

(f)

Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information.

| (b) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, repair instructions and maintenance information for parts concerned by point 1(c) shall be publicly available at the free access website of the manufacturer, importer or authorised representative, until at least 7 years after the date of end of placement on the market. This information shall contain the level of detail needed to be able to replace parts covered by point 1(c). |
| --- | --- |

(b)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, repair instructions and maintenance information for parts concerned by point 1(c) shall be publicly available at the free access website of the manufacturer, importer or authorised representative, until at least 7 years after the date of end of placement on the market. This information shall contain the level of detail needed to be able to replace parts covered by point 1(c).

(3)   Maximum delivery time of spare parts

| (a) | manufacturers, importers or authorised representatives shall ensure that:






  (i) | during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order; |
| --- | --- | --- |

(a)

manufacturers, importers or authorised representatives shall ensure that:

(i)

during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order;

| (ii) | during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order. |
| --- | --- |

(ii)

during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order.

| (b) | In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with point 2 (a) and (b). |
| --- | --- |

(b)

In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with point 2 (a) and (b).

(4)   Information on the price of spare parts

During the period referred to in points 1(a) and (c), manufacturers, importers or authorised representatives shall provide indicative pre-tax prices at least in euro for spare parts listed in points 1(a) and (c), including the pre-tax price of fasteners and tools, if supplied with the spare part, on the free access website of the manufacturer, importer or authorised representative.

(5)   Disassembly requirements

Manufacturers, importers or authorised representatives shall meet the following disassembly requirements:

| (a) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(a)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible in at least one of the following ways:






  — | with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- | --- |

(ii)

the process for replacement shall be feasible in at least one of the following ways:

—

with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | with commercially available tools. |
| --- | --- |

—

with commercially available tools.

| (iii) | the process for replacement shall, as a minimum, be able to be carried out in a workshop environment; |
| --- | --- |

(iii)

the process for replacement shall, as a minimum, be able to be carried out in a workshop environment;

| (iv) | the process for replacement shall, as a minimum, be able to be carried out by a generalist. |
| --- | --- |

(iv)

the process for replacement shall, as a minimum, be able to be carried out by a generalist.

| (b) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(b)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

(ii)

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| (iii) | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

(iii)

the process for replacement shall be able to be carried out in a use environment;

| (iv) | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

(iv)

the process for replacement shall be able to be carried out by a layman.

| (c) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:






  (i) | meets the following criteria:






  — | fasteners shall be resupplied or reusable; |
| --- | --- | --- | --- |

(c)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:

(i)

meets the following criteria:

—

fasteners shall be resupplied or reusable;

| — | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

—

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

—

the process for replacement shall be able to be carried out in a use environment;

| — | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

—

the process for replacement shall be able to be carried out by a layman.

| (ii) | or, as an alternative to point (i), ensure that:






  — | the process for battery replacement meets the criteria set out in (a); |
| --- | --- | --- |

(ii)

or, as an alternative to point (i), ensure that:

—

the process for battery replacement meets the criteria set out in (a);

| — | after 500 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- |

—

after 500 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| — | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity; |
| --- | --- |

—

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity;

| — | the device is at least dust tight and protected against immersion in water up to one meter depth for a minimum of 30 minutes. |
| --- | --- |

—

the device is at least dust tight and protected against immersion in water up to one meter depth for a minimum of 30 minutes.

(6)   Requirements for preparation for reuse

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that devices include a software function, that resets the device to its factory settings and erases securely by default all personal information including but not limited to address book, text messages, pictures, videos, settings and call history.

1.2.   Design for reliability

From 20 June 2025:

| (1) | Resistance to accidental drops: Manufacturers, importers or authorised representatives shall ensure that the devices pass 45 falls without any protective foil or separate protective cover, except for foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display, without loss of functionality, following the test procedure set out in Annex III; foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display shall pass 35 falls in the un-extended state and 15 falls in the extended state, without loss of functionality, following the test procedure set out in Annex III and tested with the protective foil. |
| --- | --- |

(1)

Resistance to accidental drops: Manufacturers, importers or authorised representatives shall ensure that the devices pass 45 falls without any protective foil or separate protective cover, except for foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display, without loss of functionality, following the test procedure set out in Annex III; foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display shall pass 35 falls in the un-extended state and 15 falls in the extended state, without loss of functionality, following the test procedure set out in Annex III and tested with the protective foil.

| (2) | Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display. |
| --- | --- |

(2)

Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable mobile phones other than smartphones designed to be used with a protective foil on the foldable display.

| (3) | Protection from dust and water: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against the ingress of solid foreign objects of size bigger than 1 millimeter and splashing of water. |
| --- | --- |

(3)

Protection from dust and water: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against the ingress of solid foreign objects of size bigger than 1 millimeter and splashing of water.

| (4) | Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 500 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply. |
| --- | --- |

(4)

Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 500 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply.

| (5) | Battery management:






  (i) | manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity; |
| --- | --- | --- |

(5)

Battery management:

(i)

manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity;

| (ii) | manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity. |
| --- | --- |

(ii)

manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity.

| (6) | Operating system updates:






  (a) | from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system; |
| --- | --- | --- |

(6)

Operating system updates:

(a)

from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system;

| (b) | the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law; |
| --- | --- |

(b)

the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law;

| (c) | security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(c)

security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (d) | functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(d)

functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (e) | an operating system update may combine security, corrective and functionality updates. |
| --- | --- |

(e)

an operating system update may combine security, corrective and functionality updates.

1.3.   Marking of plastic components

From 20 June 2025, plastic components heavier than 50 g shall be marked by specifying the type of polymer with the appropriate standard symbols or abbreviated terms set between the punctuation marks ‘>’ and ‘<’ as specified in available standards. The marking shall be legible.

Plastic components shall be exempt from marking requirements provided the following conditions are fulfilled:

| (i) | the marking is not possible because of the shape or size; |
| --- | --- |

(i)

the marking is not possible because of the shape or size;

| (ii) | the marking would impact on the performance or functionality of the plastic component; |
| --- | --- |

(ii)

the marking would impact on the performance or functionality of the plastic component;

| (iii) | marking is technically not possible because of the molding method. |
| --- | --- |

(iii)

marking is technically not possible because of the molding method.

For the following plastic components no marking shall be required:

| (i) | packaging, tape, labels and stretch wraps; |
| --- | --- |

(i)

packaging, tape, labels and stretch wraps;

| (ii) | wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size; |
| --- | --- |

(ii)

wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size;

| (iii) | PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers; |
| --- | --- |

(iii)

PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers;

| (iv) | transparent parts where the marking would obstruct the function of the part in question. |
| --- | --- |

(iv)

transparent parts where the marking would obstruct the function of the part in question.

1.4.   Recyclability requirements

From 20 June 2025:

| (1) | Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU of the European Parliament and of the Council (2), make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU. |
| --- | --- |

(1)

Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU of the European Parliament and of the Council (2), make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU.

| (2) | The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components. |
| --- | --- |

(2)

The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components.

| (3) | The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model. |
| --- | --- |

(3)

The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model.

2.   INFORMATION REQUIREMENTS

From 20 June 2025:

| (1) | Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:






  (a) | compatibility with removable memory cards, if any; |
| --- | --- | --- |

(1)

Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:

(a)

compatibility with removable memory cards, if any;

| (b) | indicative weight range of the following critical raw materials and environmentally relevant materials:






  (i) | cobalt in the battery (weight range: less than 2 g, between 2 g and 5 g, above 5 g); |
| --- | --- | --- |

(b)

indicative weight range of the following critical raw materials and environmentally relevant materials:

(i)

cobalt in the battery (weight range: less than 2 g, between 2 g and 5 g, above 5 g);

| (ii) | tantalum in capacitors (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g); |
| --- | --- |

(ii)

tantalum in capacitors (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g);

| (iii) | neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g); |
| --- | --- |

(iii)

neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g);

| (iv) | gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g). |
| --- | --- |

(iv)

gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g).

| (c) | the indicative value of the recyclability rate Rcyc; |
| --- | --- |

(c)

the indicative value of the recyclability rate Rcyc;

| (d) | the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”; |
| --- | --- |

(d)

the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”;

| (e) | ingress protection rating; |
| --- | --- |

(e)

ingress protection rating;

| (f) | minimum battery endurance in cycles in number of cycles; |
| --- | --- |

(f)

minimum battery endurance in cycles in number of cycles;

| (g) | in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’. |
| --- | --- |

(g)

in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’.

| (2) | Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative. Those instruction shall include instructions for battery maintenance, including the following:






  (i) | impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors; |
| --- | --- | --- |

(2)

Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative. Those instruction shall include instructions for battery maintenance, including the following:

(i)

impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors;

| (ii) | effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption; |
| --- | --- |

(ii)

effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption;

| (iii) | information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best. |
| --- | --- |

(iii)

information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best.

| (3) | Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”. |
| --- | --- |

(3)

Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”.

B.   SMARTPHONES

1.   RESOURCE EFFICIENCY REQUIREMENTS

1.1.   Design for repair and reuse

(1)   Availability of spare parts

| (a) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:






  (i) | battery or batteries; |
| --- | --- | --- |

(a)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:

(i)

battery or batteries;

| (ii) | front-facing camera assembly; |
| --- | --- |

(ii)

front-facing camera assembly;

| (iii) | rear-facing camera assembly; |
| --- | --- |

(iii)

rear-facing camera assembly;

| (iv) | external audio connector(s); |
| --- | --- |

(iv)

external audio connector(s);

| (v) | external charging port(s); |
| --- | --- |

(v)

external charging port(s);

| (vi) | mechanical button(s); |
| --- | --- |

(vi)

mechanical button(s);

| (vii) | main microphone(s); |
| --- | --- |

(vii)

main microphone(s);

| (viii) | speaker(s); |
| --- | --- |

(viii)

speaker(s);

| (ix) | hinge assembly; |
| --- | --- |

(ix)

hinge assembly;

| (x) | mechanical display folding mechanism. |
| --- | --- |

(x)

mechanical display folding mechanism.

| (b) | Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:






  (i) | microphones may be part of a loudspeaker or external charging port assembly; |
| --- | --- | --- |

(b)

Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:

(i)

microphones may be part of a loudspeaker or external charging port assembly;

| (ii) | external audio connector(s) may be combined with the external charging port(s) as the same port(s); |
| --- | --- |

(ii)

external audio connector(s) may be combined with the external charging port(s) as the same port(s);

| (iii) | external charging port(s) may be combined with the external audio connector(s) as the same port(s); |
| --- | --- |

(iii)

external charging port(s) may be combined with the external audio connector(s) as the same port(s);

| (iv) | hinge assembly may be part of a mechanical display folding mechanism; |
| --- | --- |

(iv)

hinge assembly may be part of a mechanical display folding mechanism;

| (v) | microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:






  — | the device meets IP67 rating; |
| --- | --- | --- |

(v)

microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:

—

the device meets IP67 rating;

| — | the power button has a contact closure cycle resistance ≥225 000 cycles; |
| --- | --- |

—

the power button has a contact closure cycle resistance ≥225 000 cycles;

| — | the volume button has a contact closure cycle resistance ≥100 000 cycles; |
| --- | --- |

—

the volume button has a contact closure cycle resistance ≥100 000 cycles;

| — | the charging connector has a insertion/extraction cycle resistance ≥12 000 cycles. |
| --- | --- |

—

the charging connector has a insertion/extraction cycle resistance ≥12 000 cycles.

| (c) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later:






  (i) | manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:






  (a) | battery or batteries; |
| --- | --- | --- | --- |

(c)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later:

(i)

manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:

(a)

battery or batteries;

| (b) | back cover or back cover assembly, if to be fully removed for replacement of the battery; |
| --- | --- |

(b)

back cover or back cover assembly, if to be fully removed for replacement of the battery;

| (c) | protective foil for foldable displays; |
| --- | --- |

(c)

protective foil for foldable displays;

| (d) | display assembly; |
| --- | --- |

(d)

display assembly;

| (e) | charger, unless the device complies with Article 3(4) of Directive 2014/53/EU; |
| --- | --- |

(e)

charger, unless the device complies with Article 3(4) of Directive 2014/53/EU;

| (f) | SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray. |
| --- | --- |

(f)

SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray.

| (ii) | manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:






  (a) | after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- | --- |

(ii)

manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:

(a)

after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| (b) | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity; |
| --- | --- |

(b)

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity;

| (c) | the device meets IP67 rating. |
| --- | --- |

(c)

the device meets IP67 rating.

| (d) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by points (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts. |
| --- | --- |

(d)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by points (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts.

(2)   Access to repair and maintenance information

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market, provide access to repair and maintenance information to professional repairers for parts covered by points 1(a) and (c) in the following conditions, unless that information is made publicly available at the free access website of the manufacturer, importer or authorised representative:

| (a) | The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:






  (i) | the professional repairer has the technical competence to repair smartphones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point; |
| --- | --- | --- |

(a)

The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:

(i)

the professional repairer has the technical competence to repair smartphones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point;

| (ii) | the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State; |
| --- | --- |

(ii)

the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State;

| (b) | Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access; |
| --- | --- |

(b)

Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access;

| (c) | Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information; |
| --- | --- |

(c)

Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information;

| (d) | Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant; |
| --- | --- |

(d)

Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant;

| (e) | The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:






  (i) | the unequivocal product identification; |
| --- | --- | --- |

(e)

The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:

(i)

the unequivocal product identification;

| (ii) | a disassembly map or exploded view; |
| --- | --- |

(ii)

a disassembly map or exploded view;

| (iii) | wiring and connection diagrams, as required for failure analysis; |
| --- | --- |

(iii)

wiring and connection diagrams, as required for failure analysis;

| (iv) | electronic board diagrams; |
| --- | --- |

(iv)

electronic board diagrams;

| (v) | a list of necessary repair and test equipment; |
| --- | --- |

(v)

a list of necessary repair and test equipment;

| (vi) | technical manual of instructions for repair, including marking of the individual steps; |
| --- | --- |

(vi)

technical manual of instructions for repair, including marking of the individual steps;

| (vii) | diagnostic fault and error information (including manufacturer-specific codes, where applicable); |
| --- | --- |

(vii)

diagnostic fault and error information (including manufacturer-specific codes, where applicable);

| (viii) | component and diagnosis information (such as minimum and maximum theoretical values for measurements); |
| --- | --- |

(viii)

component and diagnosis information (such as minimum and maximum theoretical values for measurements);

| (ix) | instructions for software and firmware (including reset software); |
| --- | --- |

(ix)

instructions for software and firmware (including reset software);

| (x) | information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information; |
| --- | --- |

(x)

information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information;

| (xi) | information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b); |
| --- | --- |

(xi)

information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b);

| (f) | Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information. |
| --- | --- |

(f)

Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information.

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, repair instructions and maintenance information for parts concerned by point 1(c) shall be publicly available at the free access website of the manufacturer, importer or authorised representative, until at least 7 years after the date of end of placement on the market. This information shall contain the level of detail needed to be able to replace parts covered by point 1(c).

(3)   Maximum delivery time of spare parts

| (a) | manufacturers, importers or authorised representatives shall ensure that:






  (i) | during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order; |
| --- | --- | --- |

(a)

manufacturers, importers or authorised representatives shall ensure that:

(i)

during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order;

| (ii) | during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order; |
| --- | --- |

(ii)

during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order;

| (b) | In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2 (a) and (b). |
| --- | --- |

(b)

In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2 (a) and (b).

(4)   Information on the price of spare parts

During the period referred to in points 1(a) and (c), manufacturers, importers or authorised representatives shall provide indicative pre-tax prices at least in euro for spare parts listed in points 1(a) and (c), including the pre-tax price of fasteners and tools, if supplied with the spare part, on the free access website of the manufacturer, importer or authorised representative.

(5)   Disassembly requirements

Manufacturers, importers or authorised representatives shall meet the following disassembly requirements:

| (a) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(a)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible in at least one of the following ways:






  — | with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- | --- |

(ii)

the process for replacement shall be feasible in at least one of the following ways:

—

with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | with commercially available tools. |
| --- | --- |

—

with commercially available tools.

| (iii) | the process for replacement shall, as a minimum, be able to be carried out in a workshop environment; |
| --- | --- |

(iii)

the process for replacement shall, as a minimum, be able to be carried out in a workshop environment;

| (iv) | the process for replacement shall, as a minimum, be able to be carried out by a generalist. |
| --- | --- |

(iv)

the process for replacement shall, as a minimum, be able to be carried out by a generalist.

| (b) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(b)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

(ii)

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| (iii) | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

(iii)

the process for replacement shall be able to be carried out in a use environment;

| (iv) | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

(iv)

the process for replacement shall be able to be carried out by a layman.

| (c) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:






  (i) | meets the following criteria:






  — | fasteners shall be resupplied or reusable; |
| --- | --- | --- | --- |

(c)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:

(i)

meets the following criteria:

—

fasteners shall be resupplied or reusable;

| — | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

—

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

—

the process for replacement shall be able to be carried out in a use environment;

| — | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

—

the process for replacement shall be able to be carried out by a layman.

| (ii) | or, as an alternative to point (i), ensure that






  — | the process for battery replacement meets the criteria set out in (a); |
| --- | --- | --- |

(ii)

or, as an alternative to point (i), ensure that

—

the process for battery replacement meets the criteria set out in (a);

| — | after 500 full charge cycles the battery must have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- |

—

after 500 full charge cycles the battery must have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| — | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity; |
| --- | --- |

—

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity;

| — | the device is at least dust tight and protected against immersion in water up to one meter depth for a minimum of 30 minutes. |
| --- | --- |

—

the device is at least dust tight and protected against immersion in water up to one meter depth for a minimum of 30 minutes.

(6)   Requirements for preparation for reuse

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that devices:

| (a) | encrypt by default, using a random encryption key, the user data stored in the internal storage of the device; |
| --- | --- |

(a)

encrypt by default, using a random encryption key, the user data stored in the internal storage of the device;

| (b) | include a software function, that resets the device to its factory settings and erases securely by default the encryption key and generates a new one; |
| --- | --- |

(b)

include a software function, that resets the device to its factory settings and erases securely by default the encryption key and generates a new one;

| (c) | record the following data from the battery management system in the system settings or another location accessible for end-users:






  (i) | date of manufacturing of the battery; |
| --- | --- | --- |

(c)

record the following data from the battery management system in the system settings or another location accessible for end-users:

(i)

date of manufacturing of the battery;

| (ii) | date of first use of the battery after the set-up of the device by the first user; |
| --- | --- |

(ii)

date of first use of the battery after the set-up of the device by the first user;

| (iii) | number of full charge/discharge cycles (reference: rated capacity); |
| --- | --- |

(iii)

number of full charge/discharge cycles (reference: rated capacity);

| (iv) | measured state of health (remaining full charge capacity relative to the rated capacity in %). |
| --- | --- |

(iv)

measured state of health (remaining full charge capacity relative to the rated capacity in %).

(7)   Replacement of serialised parts

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market:

| (a) | In case the parts to be replaced by spare parts referred to in point 1(a) are serialised parts, provide non-discriminatory access for professional repairers to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement; |
| --- | --- |

(a)

In case the parts to be replaced by spare parts referred to in point 1(a) are serialised parts, provide non-discriminatory access for professional repairers to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement;

| (b) | In case the parts to be replaced by spare parts referred to in point 1(c) are serialised parts, provide non-discriminatory access for professional repairers and end-users to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement; |
| --- | --- |

(b)

In case the parts to be replaced by spare parts referred to in point 1(c) are serialised parts, provide non-discriminatory access for professional repairers and end-users to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement;

| (c) | Provide, on a free access website of the manufacturer, importer or authorised representative, a description of the procedure for the notification and authorisation of the intended replacement of serialised parts by the owner of the device referred to in point (d); the procedure shall allow for remotely providing the notification and authorisation; |
| --- | --- |

(c)

Provide, on a free access website of the manufacturer, importer or authorised representative, a description of the procedure for the notification and authorisation of the intended replacement of serialised parts by the owner of the device referred to in point (d); the procedure shall allow for remotely providing the notification and authorisation;

| (d) | Before providing access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b), the manufacturer, importer or authorised representative may only require to have received a notification and authorisation of the intended part replacement by the owner of the device. Such notification and authorisation may also be provided by a professional repairer with the explicit written consent of the owner; |
| --- | --- |

(d)

Before providing access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b), the manufacturer, importer or authorised representative may only require to have received a notification and authorisation of the intended part replacement by the owner of the device. Such notification and authorisation may also be provided by a professional repairer with the explicit written consent of the owner;

| (e) | Manufacturers, importers or authorised representatives shall provide access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b) within 3 working days after having received the request and, where applicable, the notification and authorisation referred to in point (d); |
| --- | --- |

(e)

Manufacturers, importers or authorised representatives shall provide access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b) within 3 working days after having received the request and, where applicable, the notification and authorisation referred to in point (d);

| (f) | The access to the software tools, firmware or similar auxiliary means referred to in point (a) may, as regards professional repairers, be limited to professional repairers registered in accordance with points 2(a) and (b). |
| --- | --- |

(f)

The access to the software tools, firmware or similar auxiliary means referred to in point (a) may, as regards professional repairers, be limited to professional repairers registered in accordance with points 2(a) and (b).

1.2.   Design for reliability

From 20 June 2025:

| (1) | Resistance to accidental drops: Manufacturers, importers or authorised representatives shall ensure that the devices pass 45 falls without any protective foil or separate protective cover, except for foldable smartphones designed to be used with a protective foil on the foldable display, without loss of functionality, following the test procedure set out in Annex III; foldable smartphones designed to be used with a protective foil on the foldable display shall pass 35 falls in the un-extended state and 15 falls in the extended state, without loss of functionality, following the test procedure set out in Annex III and tested with the protective foil. |
| --- | --- |

(1)

Resistance to accidental drops: Manufacturers, importers or authorised representatives shall ensure that the devices pass 45 falls without any protective foil or separate protective cover, except for foldable smartphones designed to be used with a protective foil on the foldable display, without loss of functionality, following the test procedure set out in Annex III; foldable smartphones designed to be used with a protective foil on the foldable display shall pass 35 falls in the un-extended state and 15 falls in the extended state, without loss of functionality, following the test procedure set out in Annex III and tested with the protective foil.

| (2) | Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable smartphones designed to be used with a protective foil on the foldable display. |
| --- | --- |

(2)

Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable smartphones designed to be used with a protective foil on the foldable display.

| (3) | Protection from dust and water: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against the ingress of solid foreign objects of size bigger than 1 millimeter and splashing of water. |
| --- | --- |

(3)

Protection from dust and water: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against the ingress of solid foreign objects of size bigger than 1 millimeter and splashing of water.

| (4) | Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 800 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply. |
| --- | --- |

(4)

Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 800 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply.

| (5) | Battery management:






  (i) | manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity; |
| --- | --- | --- |

(5)

Battery management:

(i)

manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity;

| (ii) | manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity. |
| --- | --- |

(ii)

manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity.

| (6) | Operating system updates:






  (a) | from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system; |
| --- | --- | --- |

(6)

Operating system updates:

(a)

from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system;

| (b) | the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law; |
| --- | --- |

(b)

the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law;

| (c) | security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(c)

security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (d) | functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(d)

functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (e) | an operating system update may combine security, corrective and functionality updates; |
| --- | --- |

(e)

an operating system update may combine security, corrective and functionality updates;

| (f) | when a functionality update provided by a manufacturer, importer or authorised representative shows a negative impact on device performance, manufacturers, importers or authorised representatives shall modify the released operating system to ensure at least the same performance as before the update within a reasonable period of time, free of charge and without causing significant inconvenience to the end-user, except if the end-user has given explicit consent for the negative impact prior to the update. |
| --- | --- |

(f)

when a functionality update provided by a manufacturer, importer or authorised representative shows a negative impact on device performance, manufacturers, importers or authorised representatives shall modify the released operating system to ensure at least the same performance as before the update within a reasonable period of time, free of charge and without causing significant inconvenience to the end-user, except if the end-user has given explicit consent for the negative impact prior to the update.

1.3.   Marking of plastic components

From 20 June 2025, plastic components heavier than 50 g shall be marked by specifying the type of polymer with the appropriate standard symbols or abbreviated terms set between the punctuation marks ‘>’ and ‘<’ as specified in available standards. The marking shall be legible.

Plastic components shall be exempt from marking requirements provided the following conditions are fulfilled:

| (i) | the marking is not possible because of the shape or size; |
| --- | --- |

(i)

the marking is not possible because of the shape or size;

| (ii) | the marking would impact on the performance or functionality of the plastic component; |
| --- | --- |

(ii)

the marking would impact on the performance or functionality of the plastic component;

| (iii) | marking is technically not possible because of the molding method. |
| --- | --- |

(iii)

marking is technically not possible because of the molding method.

For the following plastic components no marking shall be required:

| (i) | packaging, tape, labels and stretch wraps; |
| --- | --- |

(i)

packaging, tape, labels and stretch wraps;

| (ii) | wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size; |
| --- | --- |

(ii)

wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size;

| (iii) | PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers; |
| --- | --- |

(iii)

PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers;

| (iv) | transparent parts where the marking would obstruct the function of the part in question. |
| --- | --- |

(iv)

transparent parts where the marking would obstruct the function of the part in question.

1.4.   Recyclability requirements

From 20 June 2025:

| (1) | Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU. |
| --- | --- |

(1)

Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU.

| (2) | The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components. |
| --- | --- |

(2)

The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components.

| (3) | The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model. |
| --- | --- |

(3)

The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model.

2.   INFORMATION REQUIREMENTS

From 20 June 2025:

| (1) | Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:






  (a) | compatibility with removable memory cards, if any; |
| --- | --- | --- |

(1)

Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:

(a)

compatibility with removable memory cards, if any;

| (b) | indicative weight range of the following critical raw materials and environmentally relevant materials:






  (i) | cobalt in the battery (weight range: less than 2 g, between 2 g and 10 g, above 10 g); |
| --- | --- | --- |

(b)

indicative weight range of the following critical raw materials and environmentally relevant materials:

(i)

cobalt in the battery (weight range: less than 2 g, between 2 g and 10 g, above 10 g);

| (ii) | tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,1 g, above 0,1 g); |
| --- | --- |

(ii)

tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,1 g, above 0,1 g);

| (iii) | neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g); |
| --- | --- |

(iii)

neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,05 g, between 0,05 g and 0,2 g, above 0,2 g);

| (iv) | gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,05 g, above 0,05 g). |
| --- | --- |

(iv)

gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,05 g, above 0,05 g).

| (c) | the indicative value of the recyclability rate Rcyc; |
| --- | --- |

(c)

the indicative value of the recyclability rate Rcyc;

| (d) | the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”; |
| --- | --- |

(d)

the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”;

| (e) | ingress protection rating; |
| --- | --- |

(e)

ingress protection rating;

| (f) | minimum battery endurance in cycles in number of cycles; |
| --- | --- |

(f)

minimum battery endurance in cycles in number of cycles;

| (g) | in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’. |
| --- | --- |

(g)

in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’.

| (2) | Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative, and shall include:






  (a) | how to access on the device information from the battery management system on:






  (i) | date of manufacturing of the battery; |
| --- | --- | --- | --- |

(2)

Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative, and shall include:

(a)

how to access on the device information from the battery management system on:

(i)

date of manufacturing of the battery;

| (ii) | date of first use of the battery after the set-up of the device by the first user; |
| --- | --- |

(ii)

date of first use of the battery after the set-up of the device by the first user;

| (iii) | number of full charge/discharge cycles (reference: rated capacity); |
| --- | --- |

(iii)

number of full charge/discharge cycles (reference: rated capacity);

| (iv) | measured state of health (remaining full charge capacity relative to the rated capacity in %). |
| --- | --- |

(iv)

measured state of health (remaining full charge capacity relative to the rated capacity in %).

| (b) | instructions for battery maintenance, including the following:






  (i) | impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors; |
| --- | --- | --- |

(b)

instructions for battery maintenance, including the following:

(i)

impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors;

| (ii) | effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption; |
| --- | --- |

(ii)

effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption;

| (iii) | information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best. |
| --- | --- |

(iii)

information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best.

| (3) | Manufacturers, importers or authorised representatives shall ensure that:






  (a) | Information that data encryption is enabled by default is displayed to the user in the course of configuring a new device, including an explanation that this eases data erasure through factory reset. |
| --- | --- | --- |

(3)

Manufacturers, importers or authorised representatives shall ensure that:

(a)

Information that data encryption is enabled by default is displayed to the user in the course of configuring a new device, including an explanation that this eases data erasure through factory reset.

| (b) | If wireless charging is selected, a message notifying the user that wireless charging will likely increase the energy use in the charging of the battery. |
| --- | --- |

(b)

If wireless charging is selected, a message notifying the user that wireless charging will likely increase the energy use in the charging of the battery.

| (4) | Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”. |
| --- | --- |

(4)

Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”.

C.   CORDLESS PHONES

1.   LOW POWER MODES

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that cordless phones meet the following requirements:

| (1) | the networked standby power consumption Pn of a base station shipped with a cordless phone shall not exceed 1 W, regardless of whether a handset is on the base station; |
| --- | --- |

(1)

the networked standby power consumption Pn of a base station shipped with a cordless phone shall not exceed 1 W, regardless of whether a handset is on the base station;

| (2) | the standby power consumption Pn of a charging cradle without base station functionality shipped with a cordless phone shall not exceed 0,6 W with the charged handset on the charging cradle and 0,3 W without the handset on the charging cradle. |
| --- | --- |

(2)

the standby power consumption Pn of a charging cradle without base station functionality shipped with a cordless phone shall not exceed 0,6 W with the charged handset on the charging cradle and 0,3 W without the handset on the charging cradle.

2.   RESOURCE EFFICIENCY REQUIREMENTS

2.1.   Design for repair and reuse

(1)   Availability of spare parts

| (a) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:






  (i) | display assembly; |
| --- | --- | --- |

(a)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:

(i)

display assembly;

| (ii) | external audio connector(s); |
| --- | --- |

(ii)

external audio connector(s);

| (iii) | external charging port(s); |
| --- | --- |

(iii)

external charging port(s);

| (iv) | mechanical button(s); |
| --- | --- |

(iv)

mechanical button(s);

| (v) | main microphone(s); |
| --- | --- |

(v)

main microphone(s);

| (vi) | speaker(s); |
| --- | --- |

(vi)

speaker(s);

| (b) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, until at least 7 years after the date of end of placement on the market:






  (i) | battery or batteries; |
| --- | --- | --- |

(b)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, until at least 7 years after the date of end of placement on the market:

(i)

battery or batteries;

| (ii) | battery compartment cover; |
| --- | --- |

(ii)

battery compartment cover;

| (iii) | charger unless the basestation is equipped with the USB Type-C receptacle, which should remain accessible and operational at all times; |
| --- | --- |

(iii)

charger unless the basestation is equipped with the USB Type-C receptacle, which should remain accessible and operational at all times;

| (iv) | charging cradle; |
| --- | --- |

(iv)

charging cradle;

| (c) | Spare parts concerned by points (a) and (b) shall not be assemblies comprising more than one of the listed spare part types; |
| --- | --- |

(c)

Spare parts concerned by points (a) and (b) shall not be assemblies comprising more than one of the listed spare part types;

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by points (a) and (b) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts.

Cordless phones shall be designed for the use of rechargeable batteries with standardised physical dimensions.

(2)   Access to repair and maintenance information

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market, provide access to repair and maintenance information to professional repairers for parts covered by points 1(a) and (b) in the following conditions, unless that information is made publicly available at the free access website of the manufacturer, importer or authorised representative:

| (a) | The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:






  (i) | the professional repairer has the technical competence to repair cordless phones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point; |
| --- | --- | --- |

(a)

The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:

(i)

the professional repairer has the technical competence to repair cordless phones and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point;

| (ii) | the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State. |
| --- | --- |

(ii)

the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State.

| (b) | Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access; |
| --- | --- |

(b)

Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access;

| (c) | Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information; |
| --- | --- |

(c)

Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information;

| (d) | Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant; |
| --- | --- |

(d)

Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant;

| (e) | The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by points 1(a) and (b) and shall at least include:






  (i) | the unequivocal product identification; |
| --- | --- | --- |

(e)

The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by points 1(a) and (b) and shall at least include:

(i)

the unequivocal product identification;

| (ii) | a disassembly map or exploded view; |
| --- | --- |

(ii)

a disassembly map or exploded view;

| (iii) | wiring and connection diagrams, as required for failure analysis; |
| --- | --- |

(iii)

wiring and connection diagrams, as required for failure analysis;

| (iv) | electronic board diagrams; |
| --- | --- |

(iv)

electronic board diagrams;

| (v) | a list of necessary repair and test equipment; |
| --- | --- |

(v)

a list of necessary repair and test equipment;

| (vi) | technical manual of instructions for repair, including marking of the individual steps; |
| --- | --- |

(vi)

technical manual of instructions for repair, including marking of the individual steps;

| (vii) | diagnostic fault and error information (including manufacturer-specific codes, where applicable); |
| --- | --- |

(vii)

diagnostic fault and error information (including manufacturer-specific codes, where applicable);

| (viii) | component and diagnosis information (such as minimum and maximum theoretical values for measurements); |
| --- | --- |

(viii)

component and diagnosis information (such as minimum and maximum theoretical values for measurements);

| (ix) | instructions for software and firmware (including reset software); |
| --- | --- |

(ix)

instructions for software and firmware (including reset software);

| (x) | information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information; |
| --- | --- |

(x)

information on how to access data records of reported failure incidents stored on the device, where applicable, with theexception of personal identifiable information such as related to user behavior and location information;

| (xi) | information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b). |
| --- | --- |

(xi)

information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2 (a) and (b).

| (f) | Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information. |
| --- | --- |

(f)

Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information.

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, repair instructions and maintenance information for parts concerned by point 1(b) shall be publicly available at the free access website of the manufacturer, importer or authorised representative, until at least 7 years after the date of end of placement on the market. This information shall contain the level of detail needed to be able to replace parts covered by point 1(b).

(3)   Maximum delivery time of spare parts

| (a) | manufacturers, importers or authorised representatives shall ensure that:






  (i) | during the first 5 years of the period referred to in points 1(a) and (b), spare parts are delivered within 5 working days after having received the order; |
| --- | --- | --- |

(a)

manufacturers, importers or authorised representatives shall ensure that:

(i)

during the first 5 years of the period referred to in points 1(a) and (b), spare parts are delivered within 5 working days after having received the order;

| (ii) | during the remaining 2 years of the period referred to in points 1(a) and (b), spare parts are delivered within 10 working days after having received the order. |
| --- | --- |

(ii)

during the remaining 2 years of the period referred to in points 1(a) and (b), spare parts are delivered within 10 working days after having received the order.

| (b) | In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2 (a) and (b). |
| --- | --- |

(b)

In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2 (a) and (b).

(4)   Information on the price of spare parts

During the period referred to in points 1(a) and (b), manufacturers, importers or authorised representatives shall provide indicative pre-tax prices at least in euro for spare parts listed in points 1(a) and (b), including the pre-tax price of fasteners and tools, if supplied with the spare part, on the free access website of the manufacturer, importer or authorised representative.

(5)   Disassembly requirements

Manufacturers, importers or authorised representatives shall meet the following disassembly requirements:

| (a) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(a) meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable or resupplied; |
| --- | --- | --- |

(a)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(a) meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable or resupplied;

| (ii) | the process for replacement shall be feasible in at least one of the following ways:






  — | with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- | --- |

(ii)

the process for replacement shall be feasible in at least one of the following ways:

—

with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | with commercially available tools; |
| --- | --- |

—

with commercially available tools;

| (iii) | the process for replacement shall, as a minimum, be able to be carried out in a workshop environment; |
| --- | --- |

(iii)

the process for replacement shall, as a minimum, be able to be carried out in a workshop environment;

| (iv) | the process for replacement shall, as a minimum, be able to be carried out by a generalist. |
| --- | --- |

(iv)

the process for replacement shall, as a minimum, be able to be carried out by a generalist.

| (b) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement meets the following criteria:






  (i) | fasteners shall be reusable or resupplied; |
| --- | --- | --- |

(b)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement meets the following criteria:

(i)

fasteners shall be reusable or resupplied;

| (ii) | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

(ii)

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| (iii) | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

(iii)

the process for replacement shall be able to be carried out in a use environment;

| (iv) | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

(iv)

the process for replacement shall be able to be carried out by a layman.

| (c) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for display assembly replacement meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(c)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for display assembly replacement meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible in at least one of the following ways:






  — | with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- | --- |

(ii)

the process for replacement shall be feasible in at least one of the following ways:

—

with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | with commercially available tools; |
| --- | --- |

—

with commercially available tools;

| (iii) | the process for replacement shall be able to be carried out in a workshop environment; |
| --- | --- |

(iii)

the process for replacement shall be able to be carried out in a workshop environment;

| (iv) | the process for replacement shall be able to be carried out by a generalist. |
| --- | --- |

(iv)

the process for replacement shall be able to be carried out by a generalist.

(6)   Requirements for preparation for reuse

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that devices include a software function, that resets the device to its factory settings and erases securely by default all personal information including but not limited to address book, text messages, pictures, videos, settings and call history.

2.2.   Marking of plastic components

From 20 June 2025, plastic components heavier than 50 g shall be marked by specifying the type of polymer with the appropriate standard symbols or abbreviated terms set between the punctuation marks ‘>’ and ‘<’ as specified in available standards. The marking shall be legible.

Plastic components shall be exempt from marking requirements provided the following conditions are fulfilled:

| (i) | the marking is not possible because of the shape or size; |
| --- | --- |

(i)

the marking is not possible because of the shape or size;

| (ii) | the marking would impact on the performance or functionality of the plastic component; |
| --- | --- |

(ii)

the marking would impact on the performance or functionality of the plastic component;

| (iii) | marking is technically not possible because of the molding method. |
| --- | --- |

(iii)

marking is technically not possible because of the molding method.

For the following plastic components no marking shall be required:

| (i) | packaging, tape, labels and stretch wraps; |
| --- | --- |

(i)

packaging, tape, labels and stretch wraps;

| (ii) | wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size; |
| --- | --- |

(ii)

wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size;

| (iii) | PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers; |
| --- | --- |

(iii)

PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers;

| (iv) | transparent parts where the marking would obstruct the function of the part in question. |
| --- | --- |

(iv)

transparent parts where the marking would obstruct the function of the part in question.

2.3.   Recyclability requirements

From 20 June 2025:

| (1) | Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU. |
| --- | --- |

(1)

Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU.

| (2) | The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components. |
| --- | --- |

(2)

The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components.

| (3) | The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model. |
| --- | --- |

(3)

The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model.

3.   INFORMATION REQUIREMENTS

From 20 June 2025:

| (1) | Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:






  (a) | compatibility with removable memory cards, if any; |
| --- | --- | --- |

(1)

Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:

(a)

compatibility with removable memory cards, if any;

| (b) | indicative weight range of the following critical raw materials and environmentally relevant materials:






  (i) | cobalt in the battery (weight range: less than 0,5 g, between 0,5 g and 3 g, above 3 g); |
| --- | --- | --- |

(b)

indicative weight range of the following critical raw materials and environmentally relevant materials:

(i)

cobalt in the battery (weight range: less than 0,5 g, between 0,5 g and 3 g, above 3 g);

| (ii) | tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,2 g, above 0,2 g); |
| --- | --- |

(ii)

tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,2 g, above 0,2 g);

| (iii) | neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,1 g, between 0,1 g and 0,5 g, above 0,5 g); |
| --- | --- |

(iii)

neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,1 g, between 0,1 g and 0,5 g, above 0,5 g);

| (iv) | gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g); |
| --- | --- |

(iv)

gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g);

| (c) | the indicative value of the recyclability rate Rcyc; |
| --- | --- |

(c)

the indicative value of the recyclability rate Rcyc;

| (d) | the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”; |
| --- | --- |

(d)

the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”;

| (2) | Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative. Where the package does not include a charger, the user instructions shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”. |
| --- | --- |

(2)

Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative. Where the package does not include a charger, the user instructions shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”.

D.   SLATE TABLETS

1.   RESOURCE EFFICIENCY REQUIREMENTS

1.1.   Design for repair and reuse

(1)   Availability of spare parts

| (a) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:






  (i) | battery or batteries; |
| --- | --- | --- |

(a)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall make available to professional repairers at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market, when present:

(i)

battery or batteries;

| (ii) | front-facing camera assembly; |
| --- | --- |

(ii)

front-facing camera assembly;

| (iii) | rear-facing camera assembly; |
| --- | --- |

(iii)

rear-facing camera assembly;

| (iv) | external audio connector(s); |
| --- | --- |

(iv)

external audio connector(s);

| (v) | external charging port(s); |
| --- | --- |

(v)

external charging port(s);

| (vi) | mechanical button(s); |
| --- | --- |

(vi)

mechanical button(s);

| (vii) | main microphone(s); |
| --- | --- |

(vii)

main microphone(s);

| (viii) | speaker(s); |
| --- | --- |

(viii)

speaker(s);

| (ix) | hinge assembly; |
| --- | --- |

(ix)

hinge assembly;

| (x) | mechanical display folding mechanism. |
| --- | --- |

(x)

mechanical display folding mechanism.

| (b) | Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:






  (i) | microphones may be part of a loudspeaker or external charging port assembly; |
| --- | --- | --- |

(b)

Spare parts concerned by points (a) and (c) shall not be assemblies comprising more than one of the listed spare part types, with the following exceptions:

(i)

microphones may be part of a loudspeaker or external charging port assembly;

| (ii) | external audio connector(s) may be combined with the external charging port(s) as the same port(s); |
| --- | --- |

(ii)

external audio connector(s) may be combined with the external charging port(s) as the same port(s);

| (iii) | external charging port(s) may be combined with the external audio connector(s) as the same port(s); |
| --- | --- |

(iii)

external charging port(s) may be combined with the external audio connector(s) as the same port(s);

| (iv) | hinge assembly may be part of a mechanical display folding mechanism; |
| --- | --- |

(iv)

hinge assembly may be part of a mechanical display folding mechanism;

| (v) | microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:






  — | the device meets IP42 rating; |
| --- | --- | --- |

(v)

microphone, speaker(s), buttons and external connectors may be combined with a higher level assembly if the following reliability requirements are met:

—

the device meets IP42 rating;

| — | the power button has a contact closure cycle resistance ≥20 000 cycles; |
| --- | --- |

—

the power button has a contact closure cycle resistance ≥20 000 cycles;

| — | the volume button has a contact closure cycle resistance ≥10 000 cycles; |
| --- | --- |

—

the volume button has a contact closure cycle resistance ≥10 000 cycles;

| — | the charging connector has a insertion/extraction cycle resistance ≥3 000 cycles. |
| --- | --- |

—

the charging connector has a insertion/extraction cycle resistance ≥3 000 cycles.

| (c) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later:






  (i) | manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:






  (a) | battery or batteries; |
| --- | --- | --- | --- |

(c)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later:

(i)

manufacturers, importers or authorised representatives shall make available to professional repairers and end-users at least the following spare parts, including required fasteners, if not reusable, until at least 7 years after the date of end of placement on the market:

(a)

battery or batteries;

| (b) | back cover or back cover assembly, if to be fully removed for replacement of the battery; |
| --- | --- |

(b)

back cover or back cover assembly, if to be fully removed for replacement of the battery;

| (c) | protective foil for foldable displays; |
| --- | --- |

(c)

protective foil for foldable displays;

| (d) | display assembly; |
| --- | --- |

(d)

display assembly;

| (e) | charger, unless the device complies with Article 3(4) of Directive 2014/53/EU; |
| --- | --- |

(e)

charger, unless the device complies with Article 3(4) of Directive 2014/53/EU;

| (f) | SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray. |
| --- | --- |

(f)

SIM tray and memory card tray, if there is an external slot for a SIM tray or memory card tray.

| (ii) | manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:






  (a) | the device meets IP42 rating; |
| --- | --- | --- |

(ii)

manufacturers, importers or authorised representatives may provide the battery or batteries referred to in point (i)(a) only to professional repairers if manufacturers, importers or authorised representatives ensure that the following requirements are met:

(a)

the device meets IP42 rating;

| (b) | after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- |

(b)

after 500 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| (c) | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity. |
| --- | --- |

(c)

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles and after 1 000 full charge cycles the battery has, in a fully charged state, a remaining capacity of at least 80 % of the rated capacity.

| (d) | From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by points (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts. |
| --- | --- |

(d)

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, the list of spare parts concerned by points (a) and (c) and the procedure for ordering them shall be publicly available on the free access website of the manufacturer, importer or authorised representative, until the end of the period of availability of these spare parts.

(2)   Access to repair and maintenance information

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market, provide access to repair and maintenance information to professional repairers for parts covered by points 1(a) and (c) in the following conditions, unless that information is made publicly available at the free access website of the manufacturer, importer or authorised representative:

| (a) | The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:






  (i) | the professional repairer has the technical competence to repair slate tablets and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point; |
| --- | --- | --- |

(a)

The manufacturer’s, importer’s or authorised representative’s website shall indicate the process for professional repairers to register for access to information; to accept such a request, the manufacturers, importers or authorised representatives may only require the professional repairer to demonstrate that:

(i)

the professional repairer has the technical competence to repair slate tablets and complies with the applicable regulations for repairers of electrical equipment in the Member States where it operates. Reference to an official registration system as professional repairer, where such system exists in the Member States concerned, shall be accepted as proof of compliance with this point;

| (ii) | the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State; |
| --- | --- |

(ii)

the professional repairer is covered by insurance covering liabilities resulting from its activity regardless of whether this is required by the Member State;

| (b) | Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access; |
| --- | --- |

(b)

Manufacturers, importers or authorised representatives shall accept or refuse the registration within 5 working days from the date of request. In the case of refusal, a clear justification will be provided to the requestee outlining the reasons behind such decision, which shall be revoked, if the same professional repairer requests to be registered with updated information, which complies with the conditions for being granted access;

| (c) | Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information; |
| --- | --- |

(c)

Manufacturers, importers or authorised representatives may charge reasonable and proportionate fees for access to the repair and maintenance information or for receiving regular updates of such information. The registration as such shall be provided for free. A fee shall be considered reasonable in particular if it does not discourage access by failing to take into account the extent to which the professional repairer uses the information;

| (d) | Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant; |
| --- | --- |

(d)

Once registered, a professional repairer shall have access, within 1 working day after requesting it, to the requested repair and maintenance information. The information may be provided for an equivalent model or model of the same family, if relevant;

| (e) | The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:






  (i) | the unequivocal product identification; |
| --- | --- | --- |

(e)

The repair and maintenance information referred to in point (a) shall contain the level of detail needed to be able to replace parts covered by point 1(a) and (c) and shall at least include:

(i)

the unequivocal product identification;

| (ii) | a disassembly map or exploded view; |
| --- | --- |

(ii)

a disassembly map or exploded view;

| (iii) | wiring and connection diagrams, as required for failure analysis; |
| --- | --- |

(iii)

wiring and connection diagrams, as required for failure analysis;

| (iv) | electronic board diagrams; |
| --- | --- |

(iv)

electronic board diagrams;

| (v) | a list of necessary repair and test equipment; |
| --- | --- |

(v)

a list of necessary repair and test equipment;

| (vi) | technical manual of instructions for repair, including marking of the individual steps; |
| --- | --- |

(vi)

technical manual of instructions for repair, including marking of the individual steps;

| (vii) | diagnostic fault and error information (including manufacturer-specific codes, where applicable); |
| --- | --- |

(vii)

diagnostic fault and error information (including manufacturer-specific codes, where applicable);

| (viii) | component and diagnosis information (such as minimum and maximum theoretical values for measurements); |
| --- | --- |

(viii)

component and diagnosis information (such as minimum and maximum theoretical values for measurements);

| (ix) | instructions for software and firmware (including reset software); |
| --- | --- |

(ix)

instructions for software and firmware (including reset software);

| (x) | information on how to access data records of reported failure incidents stored on the device, where applicable, with the exception of personal identifiable information such as related to user behavior and location information; |
| --- | --- |

(x)

information on how to access data records of reported failure incidents stored on the device, where applicable, with the exception of personal identifiable information such as related to user behavior and location information;

| (xi) | information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2(a) and (b); |
| --- | --- |

(xi)

information on how to access professional repair, including the internet webpages, addresses and contact details of professional repairers registered in accordance with points 2(a) and (b);

| (f) | Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information. |
| --- | --- |

(f)

Without prejudice to intellectual property rights, third parties shall be allowed to use and publish unaltered repair and maintenance information initially published by the manufacturer, importer or authorised representative and covered by point (e) once the manufacturer, importer or authorised representative terminates access to that information after the end of the period of access to repair and maintenance information.

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, repair instructions and maintenance information for parts concerned by point 1(c) shall be publicly available at the free access website of the manufacturer, importer or authorised representative, until at least 7 years after the date of end of placement on the market. This information shall contain the level of detail needed to be able to replace parts covered by point 1(c).

(3)   Maximum delivery time of spare parts

| (a) | manufacturers, importers or authorised representatives shall ensure that:






  (i) | during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order; |
| --- | --- | --- |

(a)

manufacturers, importers or authorised representatives shall ensure that:

(i)

during the first 5 years of the period referred to in points 1(a) and (c), spare parts are delivered within 5 working days after having received the order;

| (ii) | during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order. |
| --- | --- |

(ii)

during the remaining 2 years of the period referred to in points 1(a) and (c), spare parts are delivered within 10 working days after having received the order.

| (b) | In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2(a) and (b). |
| --- | --- |

(b)

In the case of spare parts concerned by point 1(a), the availability of spare parts may be limited to professional repairers registered in accordance with points 2(a) and (b).

(4)   Information on the price of spare parts

During the period referred to in points 1(a) and (c), manufacturers, importers or authorised representatives shall provide indicative pre-tax prices at least in euro for spare parts listed in points 1(a) and (c), including the pre-tax price of fasteners and tools, if supplied with the spare part, on the free access website of the manufacturer, importer or authorised representative.

(5)   Disassembly requirements

Manufacturers, importers or authorised representatives shall meet the following disassembly requirements:

| (a) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(a)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of the display assembly and of parts referred to in point 1(a), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible in at least one of the following ways:






  — | with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- | --- |

(ii)

the process for replacement shall be feasible in at least one of the following ways:

—

with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | with commercially available tools; |
| --- | --- |

—

with commercially available tools;

| (iii) | the process for replacement shall, as a minimum, be able to be carried out in a workshop environment; |
| --- | --- |

(iii)

the process for replacement shall, as a minimum, be able to be carried out in a workshop environment;

| (iv) | the process for replacement shall, as a minimum, be able to be carried out by a generalist. |
| --- | --- |

(iv)

the process for replacement shall, as a minimum, be able to be carried out by a generalist.

| (b) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:






  (i) | fasteners shall be removable, resupplied or reusable; |
| --- | --- | --- |

(b)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for replacement of parts referred to in point 1(c), with the exception of the battery or batteries, meets the following criteria:

(i)

fasteners shall be removable, resupplied or reusable;

| (ii) | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

(ii)

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| (iii) | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

(iii)

the process for replacement shall be able to be carried out in a use environment;

| (iv) | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

(iv)

the process for replacement shall be able to be carried out by a layman.

| (c) | From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:






  (i) | meets the following criteria:






  — | fasteners shall be resupplied or reusable; |
| --- | --- | --- | --- |

(c)

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that the process for battery replacement:

(i)

meets the following criteria:

—

fasteners shall be resupplied or reusable;

| — | the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools; |
| --- | --- |

—

the process for replacement shall be feasible with no tool, a tool or set of tools that is supplied with the product or spare part, or basic tools;

| — | the process for replacement shall be able to be carried out in a use environment; |
| --- | --- |

—

the process for replacement shall be able to be carried out in a use environment;

| — | the process for replacement shall be able to be carried out by a layman. |
| --- | --- |

—

the process for replacement shall be able to be carried out by a layman.

| (ii) | or, as an alternative to point (i), ensure that






  — | the process for battery replacement meets the criteria set out in (a); |
| --- | --- | --- |

(ii)

or, as an alternative to point (i), ensure that

—

the process for battery replacement meets the criteria set out in (a);

| — | the device meets IP42 rating; |
| --- | --- |

—

the device meets IP42 rating;

| — | after 500 full charge cycles the battery must have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity; |
| --- | --- |

—

after 500 full charge cycles the battery must have in a fully charged state, a remaining capacity of at least 83 % of the rated capacity;

| — | the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity. |
| --- | --- |

—

the battery endurance in cycles achieves a minimum of 1 000 full charge cycles, and after 1 000 full charge cycles the battery must, in addition, have in a fully charged state, a remaining capacity of at least 80 % of the rated capacity.

(6)   Requirements for preparation for reuse

From 20 June 2025, manufacturers, importers or authorised representatives shall ensure that devices:

| (a) | encrypt by default, using a random encryption key, the user data stored in the internal storage of the device; |
| --- | --- |

(a)

encrypt by default, using a random encryption key, the user data stored in the internal storage of the device;

| (b) | include a software function, that resets the device to its factory settings and erases securely by default the encryption key and generates a new one; |
| --- | --- |

(b)

include a software function, that resets the device to its factory settings and erases securely by default the encryption key and generates a new one;

| (c) | record the following data from the battery management system in the system settings or another location accessible for end-users:






  (i) | date of manufacturing of the battery; |
| --- | --- | --- |

(c)

record the following data from the battery management system in the system settings or another location accessible for end-users:

(i)

date of manufacturing of the battery;

| (ii) | date of first use of the battery after the set-up of the device by the first user; |
| --- | --- |

(ii)

date of first use of the battery after the set-up of the device by the first user;

| (iii) | number of full charge/discharge cycles (reference: rated capacity); |
| --- | --- |

(iii)

number of full charge/discharge cycles (reference: rated capacity);

| (iv) | measured state of health (remaining full charge capacity relative to the rated capacity in %). |
| --- | --- |

(iv)

measured state of health (remaining full charge capacity relative to the rated capacity in %).

(7)   Replacement of serialised parts

From 20 June 2025 or from one month after the date of placement on the market, whichever is later, manufacturers, importers or authorised representatives shall, at least until 7 years after the date of end of placement on the market:

| (a) | In case the parts to be replaced by spare parts referred to in point 1(a) are serialised parts, provide non-discriminatory access for professional repairers to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement; |
| --- | --- |

(a)

In case the parts to be replaced by spare parts referred to in point 1(a) are serialised parts, provide non-discriminatory access for professional repairers to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement;

| (b) | In case the parts to be replaced by spare parts referred to in point 1(c) are serialised parts, provide non-discriminatory access for professional repairers and end-users to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement; |
| --- | --- |

(b)

In case the parts to be replaced by spare parts referred to in point 1(c) are serialised parts, provide non-discriminatory access for professional repairers and end-users to any software tools, firmware or similar auxiliary means needed to ensure the full functionality of those spare parts and of the device in which such spare parts are installed during and after the replacement;

| (c) | Provide, on a free access website of the manufacturer, importer or authorised representative, a description of the procedure for the notification and authorisation of the intended replacement of serialised parts by the owner of the device referred to in point (d); the procedure shall allow for remotely providing the notification and authorisation; |
| --- | --- |

(c)

Provide, on a free access website of the manufacturer, importer or authorised representative, a description of the procedure for the notification and authorisation of the intended replacement of serialised parts by the owner of the device referred to in point (d); the procedure shall allow for remotely providing the notification and authorisation;

| (d) | Before providing access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b), the manufacturer, importer or authorised representative may only require to have received a notification and authorisation of the intended part replacement by the owner of the device. Such notification and authorisation may also be provided by a professional repairer with the explicit written consent of the owner; |
| --- | --- |

(d)

Before providing access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b), the manufacturer, importer or authorised representative may only require to have received a notification and authorisation of the intended part replacement by the owner of the device. Such notification and authorisation may also be provided by a professional repairer with the explicit written consent of the owner;

| (e) | Manufacturers, importers or authorised representatives shall provide access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b) within 3 working days after having received the request and, where applicable, the notification and authorisation referred to in point (d); |
| --- | --- |

(e)

Manufacturers, importers or authorised representatives shall provide access to the software tools, firmware or similar auxiliary means referred to in points (a) and (b) within 3 working days after having received the request and, where applicable, the notification and authorisation referred to in point (d);

| (f) | The access to the software tools, firmware or similar auxiliary means referred to in point (a) may, as regards professional repairers, be limited to professional repairers registered in accordance with points 2(a) and (b). |
| --- | --- |

(f)

The access to the software tools, firmware or similar auxiliary means referred to in point (a) may, as regards professional repairers, be limited to professional repairers registered in accordance with points 2(a) and (b).

1.2.   Design for reliability

From 20 June 2025:

| (1) | Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable slate tablets designed to be used with a protective foil on the foldable display. |
| --- | --- |

(1)

Scratch resistance: Manufacturers, importers or authorised representatives shall ensure that the screen of the device passes the hardness level 4 on the Mohs hardness scale, except for foldable slate tablets designed to be used with a protective foil on the foldable display.

| (2) | Protection from accidental spills: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against accidental spills of water. |
| --- | --- |

(2)

Protection from accidental spills: Manufacturers, importers or authorised representatives shall ensure that the devices are protected against accidental spills of water.

| (3) | Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 800 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply. |
| --- | --- |

(3)

Battery endurance in cycles: Manufacturers, importers or authorised representatives shall ensure that the devices achieve at least 800 cycles at 80 % remaining capacity, to be tested under charging conditions where the charging rate is limited by the battery management system and not by the power delivery capabilities of the power supply.

| (4) | Battery management:






  (i) | manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity; |
| --- | --- | --- |

(4)

Battery management:

(i)

manufacturers, importers or authorised representatives shall include an optional charging feature selectable by the user which terminates the charging process automatically, when the battery is charged to 80 % of its full capacity. When this feature is enabled, manufacturers, importers, or authorised representatives may enable the device to periodically fully charge the battery for the purposes of maintaining accurate battery state of charge estimates. The user shall be informed automatically when charging the device for the first time or during the installation process, that the life span of the battery can be extended if the feature is selected and the battery is regularly charged only to 80 % of its full capacity;

| (ii) | manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity. |
| --- | --- |

(ii)

manufacturers, importers or authorised representatives shall provide a power management feature which by default ensures that once the battery is fully charged there is no further charging power supplied to the battery unless the charge level drops below 95 % of its maximum charge capacity.

| (5) | Operating system updates:






  (a) | from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system; |
| --- | --- | --- |

(5)

Operating system updates:

(a)

from the date of end of placement on the market to at least 5 years after that date, manufacturers, importers or authorised representatives shall, if they provide security updates, corrective updates or functionality updates to an operating system, make such updates available at no cost for all units of a product model with the same operating system;

| (b) | the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law; |
| --- | --- |

(b)

the requirement referred to in point (a) shall apply both to operating system updates offered voluntarily by manufacturers, importers or authorised representatives and to operating system updates provided to comply with Union law;

| (c) | security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(c)

security updates or corrective updates mentioned under point (a) need to be available to the user at the latest 4 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (d) | functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand; |
| --- | --- |

(d)

functionality updates mentioned under point (a) need to be available to the user at the latest 6 months after the public release of the source code of an update of the underlying operating system or, if the source code is not publicly released, after an update of the same operating system is released by the operating system provider or on any other product of the same brand;

| (e) | an operating system update may combine security, corrective and functionality updates; |
| --- | --- |

(e)

an operating system update may combine security, corrective and functionality updates;

| (f) | when a functionality update provided by a manufacturer, importer or authorised representative shows a negative impact on device performance, manufacturers, importers or authorised representatives shall modify the released operating system to ensure at least the same performance as before the update within a reasonable period of time, free of charge and without causing significant inconvenience to the end-user, except if the end-user has given explicit consent for the negative impact prior to the update. |
| --- | --- |

(f)

when a functionality update provided by a manufacturer, importer or authorised representative shows a negative impact on device performance, manufacturers, importers or authorised representatives shall modify the released operating system to ensure at least the same performance as before the update within a reasonable period of time, free of charge and without causing significant inconvenience to the end-user, except if the end-user has given explicit consent for the negative impact prior to the update.

1.3.   Marking of plastic components

From 20 June 2025, plastic components heavier than 50 g shall be marked by specifying the type of polymer with the appropriate standard symbols or abbreviated terms set between the punctuation marks ‘>’ and ‘<’ as specified in available standards. The marking shall be legible.

Plastic components shall be exempt from marking requirements provided the following conditions are fulfilled:

| (i) | the marking is not possible because of the shape or size; |
| --- | --- |

(i)

the marking is not possible because of the shape or size;

| (ii) | the marking would impact on the performance or functionality of the plastic component; |
| --- | --- |

(ii)

the marking would impact on the performance or functionality of the plastic component;

| (iii) | marking is technically not possible because of the molding method. |
| --- | --- |

(iii)

marking is technically not possible because of the molding method.

For the following plastic components no marking shall be required:

| (i) | packaging, tape, labels and stretch wraps; |
| --- | --- |

(i)

packaging, tape, labels and stretch wraps;

| (ii) | wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size; |
| --- | --- |

(ii)

wiring, cables and connectors, rubber parts and any other component where not enough appropriate surface area is available for the marking to be of a legible size;

| (iii) | PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers; |
| --- | --- |

(iii)

PCB assemblies, PMMA boards, optical components, electrostatic discharge components, electromagnetic interference components, speakers;

| (iv) | transparent parts where the marking would obstruct the function of the part in question. |
| --- | --- |

(iv)

transparent parts where the marking would obstruct the function of the part in question.

1.4.   Recyclability requirements

From 20 June 2025:

| (1) | Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU. |
| --- | --- |

(1)

Manufacturers, importers or their authorised representatives shall, without prejudice to Article 15(1) of Directive 2012/19/EU, make available, on a free access website, the dismantling information needed to access any of the products components referred to in Annex VII, point 1, of Directive 2012/19/EU.

| (2) | The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components. |
| --- | --- |

(2)

The information referred to in point (1) shall include the sequence of dismantling steps, tools or technologies needed to access the targeted components.

| (3) | The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model. |
| --- | --- |

(3)

The information referred to in point (1) shall be available until at least 15 years after the placing on the market of the last unit of a product model.

2.   INFORMATION REQUIREMENTS

From 20 June 2025:

| (1) | Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:






  (a) | compatibility with removable memory cards, if any; |
| --- | --- | --- |

(1)

Manufacturers, importers or authorised representatives shall provide in the technical documentation and make publicly available on free access websites of the manufacturer, importer or authorised representative the following information:

(a)

compatibility with removable memory cards, if any;

| (b) | indicative weight range of the following critical raw materials and environmentally relevant materials:






  (i) | cobalt in the battery (weight range: less than 10 g, between 10 g and 20 g, above 20 g); |
| --- | --- | --- |

(b)

indicative weight range of the following critical raw materials and environmentally relevant materials:

(i)

cobalt in the battery (weight range: less than 10 g, between 10 g and 20 g, above 20 g);

| (ii) | tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,1 g, above 0,1 g); |
| --- | --- |

(ii)

tantalum in capacitors (weight range: less than 0,01 g, between 0,01 g and 0,1 g, above 0,1 g);

| (iii) | neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,2 g, between 0,2 g and 1 g, above 1 g); |
| --- | --- |

(iii)

neodymium in loud speakers, vibration motors, and other magnets (weight range: less than 0,2 g, between 0,2 g and 1 g, above 1 g);

| (iv) | gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g); |
| --- | --- |

(iv)

gold in all components (weight range: less than 0,02 g, between 0,02 g and 0,1 g, above 0,1 g);

| (c) | the indicative value of the recyclability rate Rcyc; |
| --- | --- |

(c)

the indicative value of the recyclability rate Rcyc;

| (d) | the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”; |
| --- | --- |

(d)

the indicative percentage of recycled content for the product or a part thereof, where available; if not available, the recycled content should be indicated as “not known” or “not available”;

| (e) | ingress protection rating; |
| --- | --- |

(e)

ingress protection rating;

| (f) | minimum battery endurance in cycles in number of cycles; |
| --- | --- |

(f)

minimum battery endurance in cycles in number of cycles;

| (g) | in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’. |
| --- | --- |

(g)

in case of foldable devices, it shall be indicated that ‘This device did not undergo a scratch resistance test’.

| (2) | Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative, and shall include:






  (a) | how to access on the device information from the battery management system on:






  (i) | date of manufacturing of the battery; |
| --- | --- | --- | --- |

(2)

Manufacturers, importers or authorised representatives shall provide user instructions in the form of a user manual on a free access website of the manufacturer, importer or authorised representative, and shall include:

(a)

how to access on the device information from the battery management system on:

(i)

date of manufacturing of the battery;

| (ii) | date of first use of the battery after the set-up of the device by the first user; |
| --- | --- |

(ii)

date of first use of the battery after the set-up of the device by the first user;

| (iii) | number of full charge/discharge cycles (reference: rated capacity); |
| --- | --- |

(iii)

number of full charge/discharge cycles (reference: rated capacity);

| (iv) | measured state of health (remaining full charge capacity relative to the rated capacity in %); |
| --- | --- |

(iv)

measured state of health (remaining full charge capacity relative to the rated capacity in %);

| (b) | instructions for battery maintenance, including the following:






  (i) | impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors; |
| --- | --- | --- |

(b)

instructions for battery maintenance, including the following:

(i)

impacts on battery lifetime related to exposure of the device to elevated temperatures, suboptimal charging patterns, fast charging and other known adverse factors;

| (ii) | effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption; |
| --- | --- |

(ii)

effects of switching off radio connections, such as WiFi, Bluetooth, on power consumption;

| (iii) | information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best. |
| --- | --- |

(iii)

information about whether the device supports other features, which extend battery lifetime, such as smart charging and about how these features are activated or under which conditions they work best.

| (3) | Manufacturers, importers or authorised representatives shall ensure that:






  (a) | Information that data encryption is enabled by default is displayed to the user in the course of configuring a new device, including an explanation that this eases data erasure through factory reset; |
| --- | --- | --- |

(3)

Manufacturers, importers or authorised representatives shall ensure that:

(a)

Information that data encryption is enabled by default is displayed to the user in the course of configuring a new device, including an explanation that this eases data erasure through factory reset;

| (b) | If wireless charging is selected, a message notifying the user that wireless charging will likely increase the energy use in the charging of the battery. |
| --- | --- |

(b)

If wireless charging is selected, a message notifying the user that wireless charging will likely increase the energy use in the charging of the battery.

| (4) | Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”. |
| --- | --- |

(4)

Where the package does not include a charger, the user instructions referred to in point 2 shall include the following information: “For environmental reasons this package does not include a charger. This device can be powered with most USB power adapters and a cable with USB Type-C plug.”.

---

(1)  Directive 2014/53/EU of the European Parliament and of the Council of 16 April 2014 on the harmonisation of the laws of the Member States relating to the making available on the market of radio equipment and repealing Directive 1999/5/EC (OJ L 153, 22.5.2014, p. 62).

(2)  Directive 2012/19/EU of the European Parliament and of the Council of 4 July 2012 on waste electrical and electronic equipment (WEEE) (OJ L 197, 24.7.2012, p. 38).

---

ANNEX III

Measurements and calculations

| 1. | For the purposes of compliance and verification of compliance with the requirements laid down in this Regulation, measurements and calculations shall be made using harmonised standards, or other reliable, accurate and reproducible methods, which take into account the generally recognised state-of-the-art methods and are in line with the provisions set out below. The reference numbers of those harmonised standards have been published for this purpose in the Official Journal of the European Union (OJ). |
| --- | --- |

1.

| 2. | In the absence of relevant standards and until the publication of the references of the relevant harmonised standards in the OJ, the transitional testing methods set out in Annex IIIa or other reliable, accurate and reproducible methods, which take into account the generally recognised state-of-the-art, shall be used. |
| --- | --- |

2.

| 3. | Cordless phones placed on the market with a base station shall be tested for networked standby power consumption, with the following test settings:






  (a) | Tests shall be performed on the base station both without the handset on the base station as well as with the charged handset on the base station. |
| --- | --- | --- |

3.

(a)

Tests shall be performed on the base station both without the handset on the base station as well as with the charged handset on the base station.

| (b) | The devices shall be measured in the condition as delivered to the end-user(factory setting). |
| --- | --- |

(b)

The devices shall be measured in the condition as delivered to the end-user(factory setting).

| (c) | The power consumptions shall be measured as average power consumptions over a time period of 10 minutes. |
| --- | --- |

(c)

The power consumptions shall be measured as average power consumptions over a time period of 10 minutes.

| (d) | The measurements shall be carried out with a mains supply voltage of 230V ± 1 %. |
| --- | --- |

(d)

The measurements shall be carried out with a mains supply voltage of 230V ± 1 %.

| 4. | Cordless phones placed on the market with a charging cradle shall be tested for standby power consumption, with the following test settings:






  (a) | Tests shall be performed with the charged handset placed on the charging cradle. |
| --- | --- | --- |

4.

(a)

Tests shall be performed with the charged handset placed on the charging cradle.

| (b) | The devices shall be measured in the condition as delivered to the end–user (factory setting). |
| --- | --- |

(b)

The devices shall be measured in the condition as delivered to the end–user (factory setting).

| (c) | The power consumptions shall be measured as average power consumptions over a time period of 10 minutes. |
| --- | --- |

(c)

The power consumptions shall be measured as average power consumptions over a time period of 10 minutes.

| (d) | The measurements shall to be carried out with a mains supply voltage of 230V ± 1 %. |
| --- | --- |

(d)

The measurements shall to be carried out with a mains supply voltage of 230V ± 1 %.

| 5. | Batteries of mobile phones and slate tablets shall be tested according to the default charging algorithms implemented by the manufacturer. The resulting number of cycles shall be rounded down to full hundreds and stated as “≥ x00”. |
| --- | --- |

5.

| 6. | Ingress protection against particle and moisture ingress shall be expressed as an IP code, corresponding with the levels listed in Table 1. Tests shall be performed without protective cover.

  Table 1


  Ingress protection rating levels








  Rating level | Ingress of solid foreign objects | Ingress of water with harmful effects |
| --- | --- | --- | --- |
| | Object size | Protection against |
| 2 | Protected from touch by fingers and ≥12 mm | water spray less than 15 degrees from vertical |
| 3 | ≥2,5 mm | water spray less than 60 degrees from vertical |
| 4 | ≥1 mm | splashing of water |
| 5 | dust-protected | jetting of water |
| 6 | dust-tight | powerful jetting of water |
| 7 | n.a. | temporary immersion, 1 m depth |
| 8 | n.a. | continuous immersion, 1 m or more depth |

6.

Table 1

Ingress protection rating levels

Rating level

Ingress of solid foreign objects

Ingress of water with harmful effects

Object size

Protection against

2

Protected from touch by fingers and ≥12 mm

water spray less than 15 degrees from vertical

3

≥2,5 mm

water spray less than 60 degrees from vertical

4

≥1 mm

splashing of water

5

dust-protected

jetting of water

6

dust-tight

powerful jetting of water

7

n.a.

temporary immersion, 1 m depth

8

n.a.

continuous immersion, 1 m or more depth

| 7. | Resistance to accidental drops or repeated free fall reliability is measured through the number of falls without defect in the repeated free fall test. The repeated free fall tests shall be performed with five units of each model for each of the applicable test cases. The resistance to accidental drops is the number of falls which have been passed by at least four out of the five units under test. The number of falls per unit shall be determined with the following test conditions:






  (a) | without protective foils and separate protective cover, if any, for non-foldable devices; |
| --- | --- | --- |

7.

(a)

without protective foils and separate protective cover, if any, for non-foldable devices;

| (b) | with a protective foil on the display for foldable devices, first in the un-extended state and then in the fully extended state on the same unit under test in line with Table 2; |
| --- | --- |

(b)

with a protective foil on the display for foldable devices, first in the un-extended state and then in the fully extended state on the same unit under test in line with Table 2;

| (c) | fall height 1 m; |
| --- | --- |

(c)

fall height 1 m;

| (d) | after a defined number of falls corresponding to the intervals specified in Table 2, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:






  (i) | integrity of screen; |
| --- | --- | --- |

(d)

after a defined number of falls corresponding to the intervals specified in Table 2, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:

(i)

integrity of screen;

| (ii) | display with less than 10 pixel defects or similar malfunctions; |
| --- | --- |

(ii)

display with less than 10 pixel defects or similar malfunctions;

| (iii) | all cameras, tested for still images and videos; |
| --- | --- |

(iii)

all cameras, tested for still images and videos;

| (iv) | mobile communication; |
| --- | --- |

(iv)

mobile communication;

| (v) | Bluetooth connectivity; |
| --- | --- |

(v)

Bluetooth connectivity;

| (vi) | WiFi connectivity; |
| --- | --- |

(vi)

WiFi connectivity;

| (vii) | battery charging: wired and wireless; |
| --- | --- |

(vii)

battery charging: wired and wireless;

| (viii) | display touch sensitivity; |
| --- | --- |

(viii)

display touch sensitivity;

| (ix) | responsive buttons and switches; |
| --- | --- |

(ix)

responsive buttons and switches;

| (x) | vibration alarm; |
| --- | --- |

(x)

vibration alarm;

| (xi) | main microphone(s); |
| --- | --- |

(xi)

main microphone(s);

| (xii) | loudspeaker; |
| --- | --- |

(xii)

loudspeaker;

| (xiii) | headset audio. |
| --- | --- |

(xiii)

headset audio.

| (e) | cracks of the frame or backside shall not be considered a defect as long as full functionality and safe use of the unit under test is given; |
| --- | --- |

(e)

cracks of the frame or backside shall not be considered a defect as long as full functionality and safe use of the unit under test is given;

| (f) | cracks of the touchscreen and of any other cover layers of a display shall not be considered a defect as long as full functionality and safe use of the unit under test is given; |
| --- | --- |

(f)

cracks of the touchscreen and of any other cover layers of a display shall not be considered a defect as long as full functionality and safe use of the unit under test is given;

| (g) | in case of no determined defect the test shall be continued, placing the unit under test in the tumble tester in the same orientation the device was found when the test was interrupted; |
| --- | --- |

(g)

in case of no determined defect the test shall be continued, placing the unit under test in the tumble tester in the same orientation the device was found when the test was interrupted;

| (h) | for non-foldable devices, in case of a determined defect and in any case after 157 falls the test of the unit is terminated; |
| --- | --- |

(h)

for non-foldable devices, in case of a determined defect and in any case after 157 falls the test of the unit is terminated;

| (i) | for foldable devices, in case of a determined defect and in any case after 175 falls the test of the unit is terminated.

  Table 2


  Test intervals for determining if the unit is defective (smartphones)







  Non-foldable device | Foldable device |
| --- | --- | --- |
| 45 | 35 un-extended state + 15 additional falls in fully extended state |

(i)

for foldable devices, in case of a determined defect and in any case after 175 falls the test of the unit is terminated.

Table 2

Test intervals for determining if the unit is defective (smartphones)

Non-foldable device

Foldable device

45

35 un-extended state + 15 additional falls in fully extended state

---

ANNEX IIIa

Transitional methods

Table 3

References and qualifying notes for mobile phones, cordless phones and slate tablets

| Parameter | Source | Reference Test Method / Title | Notes |
| --- | --- | --- | --- |
| Disassembly requirements | CEN | EN 45554:2020 | Fasteners: please refer to Table A.1 of the standard
  Tools: please refer to Table A.2 of the standard, unless differently specified in this Regulation
  Working environment: please refer to Table A.4 of the standard
  Skill level: please refer to Table A.5 of the standard |
| Protection against particles and water | IEC | IEC 60529:1989/AMD2:2013/COR1:2019 | dust tight and protected against immersion in water up to 1 meter depth: IP67
  protected against the ingress of solid foreign objects of size bigger than 1millimeter and splashing of water: IP44 |
| Protection from accidental spills | European Commission | | A spilling test shall be performed, by letting 220 mL of de-ionized water flow, without applying additional pressure, from 5 cm away from one edge of the slate tablet (distance between edge of cup in tilted state to the unit under test), followed by use of a paper towel to gently absorb excess liquid on the slate tablet. The slate tablet should dwell for 24 hours prior to functional inspection (as specified below). The procedure has to be conducted for each edge of the tablet in the display up orientation. Each time after having run the above test procedure, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:






  (i) | all cameras, tested for still images and videos; |

Parameter

Source

Reference Test Method / Title

Notes

Disassembly requirements

CEN

EN 45554:2020

Fasteners: please refer to Table A.1 of the standard

Tools: please refer to Table A.2 of the standard, unless differently specified in this Regulation

Working environment: please refer to Table A.4 of the standard

Skill level: please refer to Table A.5 of the standard

Protection against particles and water

IEC

IEC 60529:1989/AMD2:2013/COR1:2019

dust tight and protected against immersion in water up to 1 meter depth: IP67

protected against the ingress of solid foreign objects of size bigger than 1millimeter and splashing of water: IP44

Protection from accidental spills

European Commission

A spilling test shall be performed, by letting 220 mL of de-ionized water flow, without applying additional pressure, from 5 cm away from one edge of the slate tablet (distance between edge of cup in tilted state to the unit under test), followed by use of a paper towel to gently absorb excess liquid on the slate tablet. The slate tablet should dwell for 24 hours prior to functional inspection (as specified below). The procedure has to be conducted for each edge of the tablet in the display up orientation. Each time after having run the above test procedure, the unit under test has to be functional without defect, with particular reference to the following functionalities, where applicable:

(i)

all cameras, tested for still images and videos;

| (ii) | mobile communication; |
| --- | --- |

(ii)

mobile communication;

| (iii) | Bluetooth connectivity; |
| --- | --- |

(iii)

Bluetooth connectivity;

| (iv) | WiFi connectivity; |
| --- | --- |

(iv)

WiFi connectivity;

| (v) | battery charging: wired and wireless; |
| --- | --- |

(v)

battery charging: wired and wireless;

| (vi) | display touch sensitivity; |
| --- | --- |

(vi)

display touch sensitivity;

| (vii) | responsive buttons and switches; |
| --- | --- |

(vii)

responsive buttons and switches;

| (viii) | vibration alarm; |
| --- | --- |

(viii)

vibration alarm;

| (ix) | main microphone(s); |
| --- | --- |

(ix)

main microphone(s);

| (x) | loudspeaker; |
| --- | --- |

(x)

loudspeaker;

| (xi) | headset audio. |
| --- | --- |

(xi)

headset audio.

Rated capacity and battery endurance in cycles

CENELEC

IEC EN 61960-3:2017

Battery endurance in cycles shall be measured with the following test sequence:

| 1) | one cycle at 0,2C discharge rate and measure capacity |
| --- | --- |

1)

one cycle at 0,2C discharge rate and measure capacity

| 2) | cycles 2-499 at 0,5C discharge rate |
| --- | --- |

2)

cycles 2-499 at 0,5C discharge rate

| 3) | repeat step 1
  To determine the number of cycles beyond 500 cycles, the test shall be continued |
| --- | --- |

3)

repeat step 1

To determine the number of cycles beyond 500 cycles, the test shall be continued

| 4) | 99 cycles at 0,5 C discharge rate |
| --- | --- |

4)

99 cycles at 0,5 C discharge rate

| 5) | repeat step 1 |
| --- | --- |

5)

repeat step 1

| 6) | repeat steps 4 and 5 until measured capacity is below 80% |
| --- | --- |

6)

repeat steps 4 and 5 until measured capacity is below 80%

Tests shall be performed with an external power source, which does not limit the power draw of the battery and leaves it to the specified default charging algorithm to regulate the charging rate.

Scratch hardness

CEN

EN 15771:2010

Scratch hardness shall be tested on the visible display area, without protective cover on the display

Recycled content of the product or of a part

CEN

EN 45557:2020

Standardised physical dimensions of rechargeable batteries

IEC

IEC 60086-2:2015

Base station simulator for battery endurance test

ETSI

ETSI TR 125 914 - V16.0.0, chapter 9

Battery endurance test ambient conditions

ECMA

ECMA 383

Ambient temperature (23±5) °C, relative humidity 10 % to 80 %, ambient light (250±50) Lux

Resistance to accidental drops

IEC

IEC 60068-2-31, Free fall repeated – Procedure 2

Mobile phones shall be tested for resistance to accidental drops, fall height 1 meter; the test has to be performed with 5 units consecutively and is passed, if at least 4 units pass the test.

Contact closure cycle resistance

ASTM

ASTM-F1578-07

Buttons shall be tested as integrated in the device. The device itself acts as the contact closure monitoring device by responding as intended to a button push. The test probe orientation shall be 90 degrees to sample. In case of volume buttons, the criterion applies individually to both, the volume up and the volume down segment of a combined button. Fail criterion: Device fails to respond to button push as intended. Test report according to ASTM-F1578-07 except for the electrical characteristic changes.

The test shall be performed with one unit, which might be the same for all buttons or one unit per button.

Insertion/extraction cycle resistance

IEC, EIA

EN ISO 62680-1-3

EIA-364-09D

The test shall be done at a rate of 500 ± 50 cycles per hour and no physical damage to any part of the charging port shall occur; in case the device is sold with a charging cable, this cable has to be used; in case the device is sold without a charging cable the cable shall be specified by the manufacturer, importer or authorised representative.

The test shall be performed with one unit.

Rcyc

EN 45555:2019

To be calculated as mass based recyclability rate, with the following reference end-of-life scenario:

| — | Battery: Co, Li (Rcyc,Li 90 %) masses count towards recyclability rate |
| --- | --- |

—

Battery: Co, Li (Rcyc,Li 90 %) masses count towards recyclability rate

| — | Mono-material parts removed when extracting the battery: Steel, Al, Mg, plastics or copper masses count towards recyclability rate |
| --- | --- |

—

Mono-material parts removed when extracting the battery: Steel, Al, Mg, plastics or copper masses count towards recyclability rate

| — | All other parts: Cu, Co, Sn (Rcyc,Sn 50 %), Ni (Rcyc,Ni 85 %), In (Rcyc,In 50%), Au, Ag, PGM (Rcyc,PGM 95 %) masses count towards recyclability rate |
| --- | --- |

—

All other parts: Cu, Co, Sn (Rcyc,Sn 50 %), Ni (Rcyc,Ni 85 %), In (Rcyc,In 50%), Au, Ag, PGM (Rcyc,PGM 95 %) masses count towards recyclability rate

Critical raw material (CRM) content

EN 45558:2019

To be applied to gold following the same approach as for CRMs

Secure deletion

NIST

Guidelines for Media Sanitization, NIST Special Publication 800-88 - Revision 1

---

ANNEX IV

Verification procedure for market surveillance purposes

The verification tolerances defined in this Annex relate only to the verification by Member State authorities of the declared values and shall not be used by the manufacturer, importer or authorised representative as an allowed tolerance to establish the values in the technical documentation or in interpreting those values with a view to achieving compliance or to communicate better performance by any means.

Where a model is not in conformity with the requirements laid down in Article 6 of this Regulation, the model and all equivalent models shall be considered not compliant.

As part of verifying the compliance of a product model with the requirements laid down in this Regulation pursuant to Article 3(2) of Directive 2009/125/EC, the authorities of the Member States shall apply the following procedure for the requirements referred to in Annex II:

| 1. | The Member State authorities shall verify one single unit of the model pursuant to points 2(a), (b), (c) and (d), except for the requirement referred to in point 1.2.1 of parts A and B of Annex II (resistance to accidental drops), where the test shall be performed with five units of the model pursuant to point 2 (e), and except for the requirement referred to in point 1.2.4 of part A and B and point 1.2.3 of part D of Annex II (battery endurance in cycles), where the test shall be performed with five units of the model pursuant to point 2 (f). |
| --- | --- |

1.

The Member State authorities shall verify one single unit of the model pursuant to points 2(a), (b), (c) and (d), except for the requirement referred to in point 1.2.1 of parts A and B of Annex II (resistance to accidental drops), where the test shall be performed with five units of the model pursuant to point 2 (e), and except for the requirement referred to in point 1.2.4 of part A and B and point 1.2.3 of part D of Annex II (battery endurance in cycles), where the test shall be performed with five units of the model pursuant to point 2 (f).

| 2. | The model shall be considered to comply with the applicable requirements where all of the following conditions are fulfilled:






  (a) | the values given in the technical documentation pursuant to Annex IV, point 2, to Directive 2009/125/EC (declared values), and, where applicable, the values used to calculate those values, are not more favourable for the manufacturer, importer or authorised representative than the results of the corresponding measurements carried out pursuant to point (g) thereof; |
| --- | --- | --- |

2.

The model shall be considered to comply with the applicable requirements where all of the following conditions are fulfilled:

(a)

the values given in the technical documentation pursuant to Annex IV, point 2, to Directive 2009/125/EC (declared values), and, where applicable, the values used to calculate those values, are not more favourable for the manufacturer, importer or authorised representative than the results of the corresponding measurements carried out pursuant to point (g) thereof;

| (b) | the declared values meet any requirements laid down in this Regulation, and any required product information published by the manufacturer, importer or authorised representative does not contain values that are more favourable for the manufacturer, importer or authorised representative than the declared values; |
| --- | --- |

(b)

the declared values meet any requirements laid down in this Regulation, and any required product information published by the manufacturer, importer or authorised representative does not contain values that are more favourable for the manufacturer, importer or authorised representative than the declared values;

| (c) | when the Member State authorities check the unit of the model, it complies with the requirements, except for the requirements for which points (d), (e) and (f) apply; |
| --- | --- |

(c)

when the Member State authorities check the unit of the model, it complies with the requirements, except for the requirements for which points (d), (e) and (f) apply;

| (d) | when the Member State authorities test the unit of the model, the determined values (the values of the relevant parameters as measured in testing and the values calculated from these measurements) comply with the respective verification tolerances as set out in Table 4; |
| --- | --- |

(d)

when the Member State authorities test the unit of the model, the determined values (the values of the relevant parameters as measured in testing and the values calculated from these measurements) comply with the respective verification tolerances as set out in Table 4;

| (e) | when the Member State authorities test five units of the model, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective pass rate as given in Table 5; |
| --- | --- |

(e)

when the Member State authorities test five units of the model, the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from those measurements) comply with the respective pass rate as given in Table 5;

| (f) | when the Member State authorities test the five units of the model, the arithmetic mean of the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from these measurements) complies with the respective verification tolerances as given in Table 4. |
| --- | --- |

(f)

when the Member State authorities test the five units of the model, the arithmetic mean of the determined values (that is the values of the relevant parameters as measured in testing and the values calculated from these measurements) complies with the respective verification tolerances as given in Table 4.

| 3. | If the results referred to in point 2(a), (b), (c) or (f) are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation. |
| --- | --- |

3.

If the results referred to in point 2(a), (b), (c) or (f) are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation.

| 4. | If the result referred to in point 2(d) is not achieved, the Member State authorities shall select three additional units of the same model for testing. |
| --- | --- |

4.

If the result referred to in point 2(d) is not achieved, the Member State authorities shall select three additional units of the same model for testing.

| 5. | If the result referred to in point 2(e) is not achieved, the Member State authorities shall select five additional units of the same model for testing. As an alternative, the additional units selected may be of one or more equivalent models. |
| --- | --- |

5.

If the result referred to in point 2(e) is not achieved, the Member State authorities shall select five additional units of the same model for testing. As an alternative, the additional units selected may be of one or more equivalent models.

| 6. | The model shall be considered to comply with the applicable requirements if, for these units tested pursuant to point 4, where applicable, the arithmetical mean of the determined values complies with the respective verification tolerances set out in Table 4. |
| --- | --- |

6.

The model shall be considered to comply with the applicable requirements if, for these units tested pursuant to point 4, where applicable, the arithmetical mean of the determined values complies with the respective verification tolerances set out in Table 4.

| 7. | The model shall be considered to comply with the applicable requirements if for these five units tested pursuant to point 5, where applicable, the pass rate complies with the respective values given in Table 5. |
| --- | --- |

7.

The model shall be considered to comply with the applicable requirements if for these five units tested pursuant to point 5, where applicable, the pass rate complies with the respective values given in Table 5.

| 8. | If the results referred to in point 6 or 7 are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation. |
| --- | --- |

8.

If the results referred to in point 6 or 7 are not achieved, the model and all equivalent models shall be considered not to comply with this Regulation.

| 9. | The Member State authorities shall provide all relevant information to the authorities of the other Member States and to the Commission without delay once a decision has been taken on the non-compliance of the model according to point 3 or 8 or according to the second paragraph of this Annex. |
| --- | --- |

9.

The Member State authorities shall provide all relevant information to the authorities of the other Member States and to the Commission without delay once a decision has been taken on the non-compliance of the model according to point 3 or 8 or according to the second paragraph of this Annex.

The Member State authorities shall use the measurement and calculation methods set out in Annex III.

The Member State authorities shall only apply the verification tolerances that are set out in Table 4 and shall use only the procedure described in the third paragraph for the requirements set out in this Annex. For the parameters in Table 4, no other tolerances, such as those set out in harmonised standards or in any other measurement method, shall be applied.

Table 4

Verification tolerances

| Parameters | Verification tolerances |
| --- | --- |
| networked standby power consumption [W] and standby power consumption [W] | The determined value (1) shall not be more than 0,10 W higher than the declared value. |
| battery endurance in cycles – default settings [cycles] | The determined value (1) shall not be more than 20 cycles lower than the declared value. |
| rated battery capacity (Crated [mAh]) | The determined value (1) shall not be more than 10% higher than the declared value. |
| remaining battery capacity (%) | The determined value (1) shall not be more than 2% points lower than the declared value. |
| ingress protection rating (IPxx) | To be verified according to the standard referred to under Annex IIIa for this parameter. |
| protection from accidental spills | To be verified according to the standard referred to under Annex IIIa for this parameter. |

Parameters

Verification tolerances

networked standby power consumption [W] and standby power consumption [W]

The determined value (1) shall not be more than 0,10 W higher than the declared value.

battery endurance in cycles – default settings [cycles]

The determined value (1) shall not be more than 20 cycles lower than the declared value.

rated battery capacity (Crated [mAh])

The determined value (1) shall not be more than 10% higher than the declared value.

remaining battery capacity (%)

The determined value (1) shall not be more than 2% points lower than the declared value.

ingress protection rating (IPxx)

To be verified according to the standard referred to under Annex IIIa for this parameter.

protection from accidental spills

To be verified according to the standard referred to under Annex IIIa for this parameter.

Table 5

Pass rates for resistance to accidental drops

| Parameters | Pass rate tolerances |
| --- | --- |
| resistance to accidental drops | The determined value corresponding to the declared value shall be met by at least 80 % of the tested units. |

Parameters

Pass rate tolerances

resistance to accidental drops

The determined value corresponding to the declared value shall be met by at least 80 % of the tested units.

---

(1)  in the case of three additional units tested as prescribed in point 4, the determined value means the arithmetic mean of the values determined for these three additional units.

---

ANNEX V

Benchmarks

At the time of entry into force of this Regulation, the best available technology on the market was identified as follows:

Mobile phones:

| (1) | resistance to accidental drops: >100 falls; >>100 falls for ruggedized devices; |
| --- | --- |

(1)

resistance to accidental drops: >100 falls; >>100 falls for ruggedized devices;

| (2) | scratch resistance: 6; |
| --- | --- |

(2)

scratch resistance: 6;

| (3) | ingress protection rating: IP68 (in combination with user-replaceable battery); |
| --- | --- |

(3)

ingress protection rating: IP68 (in combination with user-replaceable battery);

| (4) | battery endurance in cycles: 1 200 cycles. |
| --- | --- |

(4)

battery endurance in cycles: 1 200 cycles.

Cordless phones:

| (5) | standby power cordless phones with base station: 0,4 W; |
| --- | --- |

(5)

standby power cordless phones with base station: 0,4 W;

| (6) | standby power cordless phones with charging cradle only: < 0,05 W; |
| --- | --- |

(6)

standby power cordless phones with charging cradle only: < 0,05 W;

| (7) | ingress protection rating: IP65; |
| --- | --- |

(7)

ingress protection rating: IP65;

| (8) | compatibility with standard size batteries: yes. |
| --- | --- |

(8)

compatibility with standard size batteries: yes.

Slate tablets:

| (9) | scratch resistance: 6; |
| --- | --- |

(9)

scratch resistance: 6;

| (10) | ingress protection rating: IP68; |
| --- | --- |

(10)

ingress protection rating: IP68;

| (11) | battery endurance in cycles: 1 000 cycles. |
| --- | --- |

(11)

battery endurance in cycles: 1 000 cycles.

---

| 31.8.2023 | EN | Official Journal of the European Union | L 214/94 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/94

---

COMMISSION IMPLEMENTING REGULATION (EU) 2023/1671

of 24 August 2023

entering a name in the register of protected designations of origin and protected geographical indications (‘Ciliegia di Lari’ (PGI))

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 1151/2012 of the European Parliament and of the Council of 21 November 2012 on quality schemes for agricultural products and foodstuffs (1), and in particular Article 52(2) thereof,

Whereas:

| (1) | Pursuant to point (a) of Article 50(2) of Regulation (EU) No 1151/2012, Italy’s application to register the name ‘Ciliegia di Lari’ was published in the Official Journal of the European Union (2). |
| --- | --- |

(1)

Pursuant to point (a) of Article 50(2) of Regulation (EU) No 1151/2012, Italy’s application to register the name ‘Ciliegia di Lari’ was published in the Official Journal of the European Union (2).

| (2) | As no reasoned statement of opposition under Article 51 of Regulation (EU) No 1151/2012 has been received by the Commission, the name ‘Ciliegia di Lari’ should therefore be entered in the register, |
| --- | --- |

(2)

As no reasoned statement of opposition under Article 51 of Regulation (EU) No 1151/2012 has been received by the Commission, the name ‘Ciliegia di Lari’ should therefore be entered in the register,

HAS ADOPTED THIS REGULATION:

Article 1

The name ‘Ciliegia di Lari’ (PGI) is hereby entered in the register of protected designations of origin and protected geographical indications.

The name specified in the first paragraph denotes a product in Class 1.6 – ‘Fruit, vegetables and cereals fresh or processed’ of Annex XI to Commission Implementing Regulation (EU) No 668/2014 (3).

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 24 August 2023.

For the Commission,

On behalf of the President,

Janusz WOJCIECHOWSKI

Member of the Commission

---

(1)  
  OJ L 343, 14.12.2012, p. 1.

1

(2)  
  OJ C 158, 4.5.2023, p. 11.

2

(3)  Commission Implementing Regulation (EU) No 668/2014 of 13 June 2014 laying down rules for the application of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs (OJ L 179, 19.6.2014, p. 36).

3

---

| 31.8.2023 | EN | Official Journal of the European Union | L 214/95 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/95

---

COMMISSION IMPLEMENTING REGULATION (EU) 2023/1672

of 30 August 2023

laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 June 2023 until 29 September 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1), and in particular the third subparagraph of Article 77e(2) thereof,

Whereas:

| (1) | In order to ensure uniform conditions for the calculation of technical provisions and basic own funds by insurance and reinsurance undertakings for the purposes of Directive 2009/138/EC, technical information on relevant risk-free interest rate term structures, fundamental spreads for the calculation of the matching adjustment and volatility adjustments should be laid down for every reference date. |
| --- | --- |

(1)

In order to ensure uniform conditions for the calculation of technical provisions and basic own funds by insurance and reinsurance undertakings for the purposes of Directive 2009/138/EC, technical information on relevant risk-free interest rate term structures, fundamental spreads for the calculation of the matching adjustment and volatility adjustments should be laid down for every reference date.

| (2) | Insurance and re-insurance undertakings should use the technical information, which is based on market data related to the end of the last month preceding the first reporting reference date to which this Regulation applies. On 6 July 2023, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of June 2023 market data. That information was published on 6 July 2023 in accordance with Article 77e(1) of Directive 2009/138/EC. |
| --- | --- |

(2)

Insurance and re-insurance undertakings should use the technical information, which is based on market data related to the end of the last month preceding the first reporting reference date to which this Regulation applies. On 6 July 2023, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of June 2023 market data. That information was published on 6 July 2023 in accordance with Article 77e(1) of Directive 2009/138/EC.

| (3) | Given the need for the immediate availability of the technical information, it is important that this Regulation enters into force as a matter of urgency. |
| --- | --- |

(3)

Given the need for the immediate availability of the technical information, it is important that this Regulation enters into force as a matter of urgency.

| (4) | For prudential reasons it is necessary that insurance and reinsurance undertakings use the same technical information for calculating technical provisions and basic own funds irrespective of the date on which they report to their competent authorities. This Regulation should therefore apply from the first reporting reference date to which this Regulation applies. |
| --- | --- |

(4)

For prudential reasons it is necessary that insurance and reinsurance undertakings use the same technical information for calculating technical provisions and basic own funds irrespective of the date on which they report to their competent authorities. This Regulation should therefore apply from the first reporting reference date to which this Regulation applies.

| (5) | To provide legal certainty as soon as possible, it is duly justified on imperative grounds of urgency related to the availability of the relevant risk-free interest rate term structure that measures provided for in this Regulation be adopted in accordance with Article 8, in conjunction with Article 4, of Regulation (EU) No 182/2011 of the European Parliament and of the Council (2), |
| --- | --- |

(5)

To provide legal certainty as soon as possible, it is duly justified on imperative grounds of urgency related to the availability of the relevant risk-free interest rate term structure that measures provided for in this Regulation be adopted in accordance with Article 8, in conjunction with Article 4, of Regulation (EU) No 182/2011 of the European Parliament and of the Council (2),

HAS ADOPTED THIS REGULATION:

Article 1

1.   Insurance and reinsurance undertakings shall use the technical information referred to in paragraph 2 when calculating technical provisions and basic own funds for reporting with reference dates from 30 June 2023 until 29 September 2023.

2.   For each relevant currency, the technical information used to calculate the best estimate in accordance with Article 77 of Directive 2009/138/EC, the matching adjustment in accordance with Article 77c of that Directive and the volatility adjustment in accordance with Article 77d of that Directive shall be the following:

| (a) | the relevant risk-free interest rate term structures set out in Annex I; |
| --- | --- |

(a)

the relevant risk-free interest rate term structures set out in Annex I;

| (b) | the fundamental spreads for the calculation of the matching adjustment set out in Annex II; |
| --- | --- |

(b)

the fundamental spreads for the calculation of the matching adjustment set out in Annex II;

| (c) | for each relevant national insurance market, the volatility adjustments set out in Annex III. |
| --- | --- |

(c)

for each relevant national insurance market, the volatility adjustments set out in Annex III.

Article 2

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

It shall apply from 30 June 2023.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 30 August 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 335, 17.12.2009, p. 1.

1

(2)  Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).

2

---

ANNEX I

Relevant risk-free interest rate term structures to calculate the best estimate, without any matching adjustment or volatility adjustment

| Term to maturity (in years) | Euro (in %) | Czech koruna (in %) | Danish krone (in %) | Forint (in %) | Krona (in %) | Lev (in %) |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 3,983 | 6,675 | 3,973 | 10,109 | 4,127 | 3,933 |
| 2 | 3,772 | 5,586 | 3,762 | 9,347 | 3,935 | 3,722 |
| 3 | 3,501 | 4,936 | 3,491 | 8,668 | 3,656 | 3,451 |
| 4 | 3,282 | 4,551 | 3,272 | 8,087 | 3,426 | 3,232 |
| 5 | 3,132 | 4,309 | 3,122 | 7,626 | 3,255 | 3,083 |
| 6 | 3,037 | 4,162 | 3,027 | 7,273 | 3,131 | 2,987 |
| 7 | 2,970 | 4,072 | 2,960 | 7,009 | 3,043 | 2,920 |
| 8 | 2,926 | 4,018 | 2,916 | 6,821 | 2,983 | 2,877 |
| 9 | 2,897 | 3,988 | 2,887 | 6,696 | 2,947 | 2,847 |
| 10 | 2,879 | 3,972 | 2,870 | 6,612 | 2,933 | 2,830 |
| 11 | 2,869 | 3,968 | 2,860 | 6,564 | 2,939 | 2,820 |
| 12 | 2,859 | 3,970 | 2,849 | 6,538 | 2,957 | 2,809 |
| 13 | 2,851 | 3,975 | 2,841 | 6,531 | 2,979 | 2,801 |
| 14 | 2,839 | 3,979 | 2,829 | 6,539 | 3,003 | 2,790 |
| 15 | 2,819 | 3,982 | 2,809 | 6,553 | 3,026 | 2,770 |
| 16 | 2,788 | 3,981 | 2,778 | 6,555 | 3,049 | 2,739 |
| 17 | 2,752 | 3,979 | 2,742 | 6,545 | 3,070 | 2,702 |
| 18 | 2,716 | 3,974 | 2,706 | 6,526 | 3,090 | 2,666 |
| 19 | 2,684 | 3,968 | 2,674 | 6,499 | 3,108 | 2,635 |
| 20 | 2,660 | 3,960 | 2,650 | 6,467 | 3,124 | 2,611 |
| 21 | 2,644 | 3,952 | 2,635 | 6,431 | 3,139 | 2,596 |
| 22 | 2,636 | 3,944 | 2,627 | 6,393 | 3,153 | 2,589 |
| 23 | 2,634 | 3,935 | 2,625 | 6,353 | 3,166 | 2,588 |
| 24 | 2,636 | 3,926 | 2,627 | 6,312 | 3,177 | 2,591 |
| 25 | 2,642 | 3,916 | 2,633 | 6,270 | 3,188 | 2,597 |
| 26 | 2,650 | 3,907 | 2,641 | 6,228 | 3,198 | 2,606 |
| 27 | 2,660 | 3,898 | 2,651 | 6,186 | 3,208 | 2,618 |
| 28 | 2,671 | 3,888 | 2,663 | 6,145 | 3,216 | 2,630 |
| 29 | 2,684 | 3,879 | 2,676 | 6,105 | 3,224 | 2,644 |
| 30 | 2,697 | 3,870 | 2,689 | 6,066 | 3,232 | 2,658 |
| 31 | 2,710 | 3,861 | 2,703 | 6,027 | 3,239 | 2,673 |
| 32 | 2,724 | 3,852 | 2,717 | 5,990 | 3,245 | 2,688 |
| 33 | 2,738 | 3,844 | 2,731 | 5,954 | 3,252 | 2,703 |
| 34 | 2,753 | 3,835 | 2,746 | 5,919 | 3,257 | 2,718 |
| 35 | 2,767 | 3,827 | 2,760 | 5,885 | 3,263 | 2,733 |
| 36 | 2,781 | 3,819 | 2,774 | 5,852 | 3,268 | 2,747 |
| 37 | 2,794 | 3,811 | 2,788 | 5,820 | 3,273 | 2,762 |
| 38 | 2,808 | 3,804 | 2,801 | 5,789 | 3,278 | 2,776 |
| 39 | 2,821 | 3,797 | 2,815 | 5,760 | 3,282 | 2,790 |
| 40 | 2,834 | 3,790 | 2,828 | 5,731 | 3,286 | 2,804 |
| 41 | 2,846 | 3,783 | 2,840 | 5,704 | 3,290 | 2,817 |
| 42 | 2,859 | 3,776 | 2,853 | 5,678 | 3,294 | 2,830 |
| 43 | 2,870 | 3,770 | 2,865 | 5,652 | 3,298 | 2,842 |
| 44 | 2,882 | 3,763 | 2,876 | 5,628 | 3,301 | 2,854 |
| 45 | 2,893 | 3,757 | 2,888 | 5,604 | 3,304 | 2,866 |
| 46 | 2,904 | 3,752 | 2,899 | 5,581 | 3,308 | 2,878 |
| 47 | 2,915 | 3,746 | 2,909 | 5,559 | 3,311 | 2,889 |
| 48 | 2,925 | 3,740 | 2,920 | 5,538 | 3,314 | 2,899 |
| 49 | 2,935 | 3,735 | 2,930 | 5,518 | 3,316 | 2,910 |
| 50 | 2,944 | 3,730 | 2,939 | 5,498 | 3,319 | 2,920 |
| 51 | 2,953 | 3,725 | 2,949 | 5,479 | 3,322 | 2,930 |
| 52 | 2,962 | 3,720 | 2,958 | 5,461 | 3,324 | 2,939 |
| 53 | 2,971 | 3,715 | 2,967 | 5,443 | 3,326 | 2,948 |
| 54 | 2,980 | 3,711 | 2,975 | 5,426 | 3,329 | 2,957 |
| 55 | 2,988 | 3,706 | 2,983 | 5,409 | 3,331 | 2,966 |
| 56 | 2,996 | 3,702 | 2,991 | 5,393 | 3,333 | 2,974 |
| 57 | 3,003 | 3,698 | 2,999 | 5,378 | 3,335 | 2,982 |
| 58 | 3,011 | 3,694 | 3,007 | 5,363 | 3,337 | 2,990 |
| 59 | 3,018 | 3,690 | 3,014 | 5,349 | 3,339 | 2,997 |
| 60 | 3,025 | 3,686 | 3,021 | 5,335 | 3,341 | 3,005 |
| 61 | 3,032 | 3,682 | 3,028 | 5,321 | 3,343 | 3,012 |
| 62 | 3,038 | 3,679 | 3,035 | 5,308 | 3,344 | 3,019 |
| 63 | 3,045 | 3,675 | 3,041 | 5,295 | 3,346 | 3,026 |
| 64 | 3,051 | 3,672 | 3,047 | 5,283 | 3,348 | 3,032 |
| 65 | 3,057 | 3,668 | 3,053 | 5,271 | 3,349 | 3,038 |
| 66 | 3,063 | 3,665 | 3,059 | 5,259 | 3,351 | 3,045 |
| 67 | 3,069 | 3,662 | 3,065 | 5,248 | 3,352 | 3,050 |
| 68 | 3,074 | 3,659 | 3,071 | 5,237 | 3,354 | 3,056 |
| 69 | 3,080 | 3,656 | 3,076 | 5,226 | 3,355 | 3,062 |
| 70 | 3,085 | 3,653 | 3,081 | 5,216 | 3,356 | 3,067 |
| 71 | 3,090 | 3,650 | 3,086 | 5,206 | 3,358 | 3,073 |
| 72 | 3,095 | 3,648 | 3,091 | 5,196 | 3,359 | 3,078 |
| 73 | 3,100 | 3,645 | 3,096 | 5,186 | 3,360 | 3,083 |
| 74 | 3,104 | 3,642 | 3,101 | 5,177 | 3,361 | 3,088 |
| 75 | 3,109 | 3,640 | 3,106 | 5,168 | 3,363 | 3,093 |
| 76 | 3,113 | 3,637 | 3,110 | 5,159 | 3,364 | 3,097 |
| 77 | 3,118 | 3,635 | 3,115 | 5,151 | 3,365 | 3,102 |
| 78 | 3,122 | 3,633 | 3,119 | 5,142 | 3,366 | 3,106 |
| 79 | 3,126 | 3,630 | 3,123 | 5,134 | 3,367 | 3,111 |
| 80 | 3,130 | 3,628 | 3,127 | 5,126 | 3,368 | 3,115 |
| 81 | 3,134 | 3,626 | 3,131 | 5,119 | 3,369 | 3,119 |
| 82 | 3,138 | 3,624 | 3,135 | 5,111 | 3,370 | 3,123 |
| 83 | 3,142 | 3,622 | 3,139 | 5,104 | 3,371 | 3,127 |
| 84 | 3,145 | 3,620 | 3,142 | 5,096 | 3,372 | 3,131 |
| 85 | 3,149 | 3,618 | 3,146 | 5,089 | 3,373 | 3,135 |
| 86 | 3,152 | 3,616 | 3,150 | 5,083 | 3,374 | 3,138 |
| 87 | 3,156 | 3,614 | 3,153 | 5,076 | 3,375 | 3,142 |
| 88 | 3,159 | 3,612 | 3,156 | 5,069 | 3,376 | 3,145 |
| 89 | 3,162 | 3,610 | 3,160 | 5,063 | 3,376 | 3,149 |
| 90 | 3,166 | 3,608 | 3,163 | 5,057 | 3,377 | 3,152 |
| 91 | 3,169 | 3,607 | 3,166 | 5,050 | 3,378 | 3,155 |
| 92 | 3,172 | 3,605 | 3,169 | 5,044 | 3,379 | 3,158 |
| 93 | 3,175 | 3,603 | 3,172 | 5,039 | 3,380 | 3,162 |
| 94 | 3,178 | 3,602 | 3,175 | 5,033 | 3,380 | 3,165 |
| 95 | 3,181 | 3,600 | 3,178 | 5,027 | 3,381 | 3,168 |
| 96 | 3,183 | 3,599 | 3,181 | 5,022 | 3,382 | 3,171 |
| 97 | 3,186 | 3,597 | 3,184 | 5,016 | 3,382 | 3,173 |
| 98 | 3,189 | 3,596 | 3,186 | 5,011 | 3,383 | 3,176 |
| 99 | 3,191 | 3,594 | 3,189 | 5,006 | 3,384 | 3,179 |
| 100 | 3,194 | 3,593 | 3,192 | 5,001 | 3,384 | 3,182 |
| 101 | 3,196 | 3,591 | 3,194 | 4,996 | 3,385 | 3,184 |
| 102 | 3,199 | 3,590 | 3,197 | 4,991 | 3,386 | 3,187 |
| 103 | 3,201 | 3,588 | 3,199 | 4,986 | 3,386 | 3,190 |
| 104 | 3,204 | 3,587 | 3,201 | 4,981 | 3,387 | 3,192 |
| 105 | 3,206 | 3,586 | 3,204 | 4,977 | 3,388 | 3,195 |
| 106 | 3,208 | 3,585 | 3,206 | 4,972 | 3,388 | 3,197 |
| 107 | 3,211 | 3,583 | 3,208 | 4,968 | 3,389 | 3,199 |
| 108 | 3,213 | 3,582 | 3,211 | 4,964 | 3,389 | 3,202 |
| 109 | 3,215 | 3,581 | 3,213 | 4,959 | 3,390 | 3,204 |
| 110 | 3,217 | 3,580 | 3,215 | 4,955 | 3,390 | 3,206 |
| 111 | 3,219 | 3,578 | 3,217 | 4,951 | 3,391 | 3,208 |
| 112 | 3,221 | 3,577 | 3,219 | 4,947 | 3,391 | 3,210 |
| 113 | 3,223 | 3,576 | 3,221 | 4,943 | 3,392 | 3,213 |
| 114 | 3,225 | 3,575 | 3,223 | 4,939 | 3,393 | 3,215 |
| 115 | 3,227 | 3,574 | 3,225 | 4,935 | 3,393 | 3,217 |
| 116 | 3,229 | 3,573 | 3,227 | 4,932 | 3,393 | 3,219 |
| 117 | 3,231 | 3,572 | 3,229 | 4,928 | 3,394 | 3,221 |
| 118 | 3,233 | 3,571 | 3,231 | 4,924 | 3,394 | 3,223 |
| 119 | 3,235 | 3,570 | 3,233 | 4,921 | 3,395 | 3,225 |
| 120 | 3,237 | 3,569 | 3,235 | 4,917 | 3,395 | 3,226 |
| 121 | 3,238 | 3,568 | 3,236 | 4,914 | 3,396 | 3,228 |
| 122 | 3,240 | 3,567 | 3,238 | 4,910 | 3,396 | 3,230 |
| 123 | 3,242 | 3,566 | 3,240 | 4,907 | 3,397 | 3,232 |
| 124 | 3,243 | 3,565 | 3,241 | 4,904 | 3,397 | 3,234 |
| 125 | 3,245 | 3,564 | 3,243 | 4,900 | 3,398 | 3,235 |
| 126 | 3,247 | 3,563 | 3,245 | 4,897 | 3,398 | 3,237 |
| 127 | 3,248 | 3,562 | 3,246 | 4,894 | 3,398 | 3,239 |
| 128 | 3,250 | 3,561 | 3,248 | 4,891 | 3,399 | 3,240 |
| 129 | 3,251 | 3,561 | 3,250 | 4,888 | 3,399 | 3,242 |
| 130 | 3,253 | 3,560 | 3,251 | 4,885 | 3,400 | 3,244 |
| 131 | 3,254 | 3,559 | 3,253 | 4,882 | 3,400 | 3,245 |
| 132 | 3,256 | 3,558 | 3,254 | 4,879 | 3,400 | 3,247 |
| 133 | 3,257 | 3,557 | 3,256 | 4,876 | 3,401 | 3,248 |
| 134 | 3,259 | 3,556 | 3,257 | 4,874 | 3,401 | 3,250 |
| 135 | 3,260 | 3,556 | 3,258 | 4,871 | 3,401 | 3,251 |
| 136 | 3,262 | 3,555 | 3,260 | 4,868 | 3,402 | 3,253 |
| 137 | 3,263 | 3,554 | 3,261 | 4,865 | 3,402 | 3,254 |
| 138 | 3,264 | 3,553 | 3,263 | 4,863 | 3,403 | 3,256 |
| 139 | 3,266 | 3,553 | 3,264 | 4,860 | 3,403 | 3,257 |
| 140 | 3,267 | 3,552 | 3,265 | 4,857 | 3,403 | 3,258 |
| 141 | 3,268 | 3,551 | 3,267 | 4,855 | 3,404 | 3,260 |
| 142 | 3,270 | 3,550 | 3,268 | 4,852 | 3,404 | 3,261 |
| 143 | 3,271 | 3,550 | 3,269 | 4,850 | 3,404 | 3,262 |
| 144 | 3,272 | 3,549 | 3,270 | 4,848 | 3,404 | 3,264 |
| 145 | 3,273 | 3,548 | 3,272 | 4,845 | 3,405 | 3,265 |
| 146 | 3,275 | 3,548 | 3,273 | 4,843 | 3,405 | 3,266 |
| 147 | 3,276 | 3,547 | 3,274 | 4,840 | 3,405 | 3,267 |
| 148 | 3,277 | 3,546 | 3,275 | 4,838 | 3,406 | 3,269 |
| 149 | 3,278 | 3,546 | 3,276 | 4,836 | 3,406 | 3,270 |
| 150 | 3,279 | 3,545 | 3,278 | 4,834 | 3,406 | 3,271 |

Term to maturity (in years)

Euro (in %)

Czech koruna (in %)

Danish krone (in %)

Forint (in %)

Krona (in %)

Lev (in %)

1

3,983

6,675

3,973

10,109

4,127

3,933

2

3,772

5,586

3,762

9,347

3,935

3,722

3

3,501

4,936

3,491

8,668

3,656

3,451

4

3,282

4,551

3,272

8,087

3,426

3,232

5

3,132

4,309

3,122

7,626

3,255

3,083

6

3,037

4,162

3,027

7,273

3,131

2,987

7

2,970

4,072

2,960

7,009

3,043

2,920

8

2,926

4,018

2,916

6,821

2,983

2,877

9

2,897

3,988

2,887

6,696

2,947

2,847

10

2,879

3,972

2,870

6,612

2,933

2,830

11

2,869

3,968

2,860

6,564

2,939

2,820

12

2,859

3,970

2,849

6,538

2,957

2,809

13

2,851

3,975

2,841

6,531

2,979

2,801

14

2,839

3,979

2,829

6,539

3,003

2,790

15

2,819

3,982

2,809

6,553

3,026

2,770

16

2,788

3,981

2,778

6,555

3,049

2,739

17

2,752

3,979

2,742

6,545

3,070

2,702

18

2,716

3,974

2,706

6,526

3,090

2,666

19

2,684

3,968

2,674

6,499

3,108

2,635

20

2,660

3,960

2,650

6,467

3,124

2,611

21

2,644

3,952

2,635

6,431

3,139

2,596

22

2,636

3,944

2,627

6,393

3,153

2,589

23

2,634

3,935

2,625

6,353

3,166

2,588

24

2,636

3,926

2,627

6,312

3,177

2,591

25

2,642

3,916

2,633

6,270

3,188

2,597

26

2,650

3,907

2,641

6,228

3,198

2,606

27

2,660

3,898

2,651

6,186

3,208

2,618

28

2,671

3,888

2,663

6,145

3,216

2,630

29

2,684

3,879

2,676

6,105

3,224

2,644

30

2,697

3,870

2,689

6,066

3,232

2,658

31

2,710

3,861

2,703

6,027

3,239

2,673

32

2,724

3,852

2,717

5,990

3,245

2,688

33

2,738

3,844

2,731

5,954

3,252

2,703

34

2,753

3,835

2,746

5,919

3,257

2,718

35

2,767

3,827

2,760

5,885

3,263

2,733

36

2,781

3,819

2,774

5,852

3,268

2,747

37

2,794

3,811

2,788

5,820

3,273

2,762

38

2,808

3,804

2,801

5,789

3,278

2,776

39

2,821

3,797

2,815

5,760

3,282

2,790

40

2,834

3,790

2,828

5,731

3,286

2,804

41

2,846

3,783

2,840

5,704

3,290

2,817

42

2,859

3,776

2,853

5,678

3,294

2,830

43

2,870

3,770

2,865

5,652

3,298

2,842

44

2,882

3,763

2,876

5,628

3,301

2,854

45

2,893

3,757

2,888

5,604

3,304

2,866

46

2,904

3,752

2,899

5,581

3,308

2,878

47

2,915

3,746

2,909

5,559

3,311

2,889

48

2,925

3,740

2,920

5,538

3,314

2,899

49

2,935

3,735

2,930

5,518

3,316

2,910

50

2,944

3,730

2,939

5,498

3,319

2,920

51

2,953

3,725

2,949

5,479

3,322

2,930

52

2,962

3,720

2,958

5,461

3,324

2,939

53

2,971

3,715

2,967

5,443

3,326

2,948

54

2,980

3,711

2,975

5,426

3,329

2,957

55

2,988

3,706

2,983

5,409

3,331

2,966

56

2,996

3,702

2,991

5,393

3,333

2,974

57

3,003

3,698

2,999

5,378

3,335

2,982

58

3,011

3,694

3,007

5,363

3,337

2,990

59

3,018

3,690

3,014

5,349

3,339

2,997

60

3,025

3,686

3,021

5,335

3,341

3,005

61

3,032

3,682

3,028

5,321

3,343

3,012

62

3,038

3,679

3,035

5,308

3,344

3,019

63

3,045

3,675

3,041

5,295

3,346

3,026

64

3,051

3,672

3,047

5,283

3,348

3,032

65

3,057

3,668

3,053

5,271

3,349

3,038

66

3,063

3,665

3,059

5,259

3,351

3,045

67

3,069

3,662

3,065

5,248

3,352

3,050

68

3,074

3,659

3,071

5,237

3,354

3,056

69

3,080

3,656

3,076

5,226

3,355

3,062

70

3,085

3,653

3,081

5,216

3,356

3,067

71

3,090

3,650

3,086

5,206

3,358

3,073

72

3,095

3,648

3,091

5,196

3,359

3,078

73

3,100

3,645

3,096

5,186

3,360

3,083

74

3,104

3,642

3,101

5,177

3,361

3,088

75

3,109

3,640

3,106

5,168

3,363

3,093

76

3,113

3,637

3,110

5,159

3,364

3,097

77

3,118

3,635

3,115

5,151

3,365

3,102

78

3,122

3,633

3,119

5,142

3,366

3,106

79

3,126

3,630

3,123

5,134

3,367

3,111

80

3,130

3,628

3,127

5,126

3,368

3,115

81

3,134

3,626

3,131

5,119

3,369

3,119

82

3,138

3,624

3,135

5,111

3,370

3,123

83

3,142

3,622

3,139

5,104

3,371

3,127

84

3,145

3,620

3,142

5,096

3,372

3,131

85

3,149

3,618

3,146

5,089

3,373

3,135

86

3,152

3,616

3,150

5,083

3,374

3,138

87

3,156

3,614

3,153

5,076

3,375

3,142

88

3,159

3,612

3,156

5,069

3,376

3,145

89

3,162

3,610

3,160

5,063

3,376

3,149

90

3,166

3,608

3,163

5,057

3,377

3,152

91

3,169

3,607

3,166

5,050

3,378

3,155

92

3,172

3,605

3,169

5,044

3,379

3,158

93

3,175

3,603

3,172

5,039

3,380

3,162

94

3,178

3,602

3,175

5,033

3,380

3,165

95

3,181

3,600

3,178

5,027

3,381

3,168

96

3,183

3,599

3,181

5,022

3,382

3,171

97

3,186

3,597

3,184

5,016

3,382

3,173

98

3,189

3,596

3,186

5,011

3,383

3,176

99

3,191

3,594

3,189

5,006

3,384

3,179

100

3,194

3,593

3,192

5,001

3,384

3,182

101

3,196

3,591

3,194

4,996

3,385

3,184

102

3,199

3,590

3,197

4,991

3,386

3,187

103

3,201

3,588

3,199

4,986

3,386

3,190

104

3,204

3,587

3,201

4,981

3,387

3,192

105

3,206

3,586

3,204

4,977

3,388

3,195

106

3,208

3,585

3,206

4,972

3,388

3,197

107

3,211

3,583

3,208

4,968

3,389

3,199

108

3,213

3,582

3,211

4,964

3,389

3,202

109

3,215

3,581

3,213

4,959

3,390

3,204

110

3,217

3,580

3,215

4,955

3,390

3,206

111

3,219

3,578

3,217

4,951

3,391

3,208

112

3,221

3,577

3,219

4,947

3,391

3,210

113

3,223

3,576

3,221

4,943

3,392

3,213

114

3,225

3,575

3,223

4,939

3,393

3,215

115

3,227

3,574

3,225

4,935

3,393

3,217

116

3,229

3,573

3,227

4,932

3,393

3,219

117

3,231

3,572

3,229

4,928

3,394

3,221

118

3,233

3,571

3,231

4,924

3,394

3,223

119

3,235

3,570

3,233

4,921

3,395

3,225

120

3,237

3,569

3,235

4,917

3,395

3,226

121

3,238

3,568

3,236

4,914

3,396

3,228

122

3,240

3,567

3,238

4,910

3,396

3,230

123

3,242

3,566

3,240

4,907

3,397

3,232

124

3,243

3,565

3,241

4,904

3,397

3,234

125

3,245

3,564

3,243

4,900

3,398

3,235

126

3,247

3,563

3,245

4,897

3,398

3,237

127

3,248

3,562

3,246

4,894

3,398

3,239

128

3,250

3,561

3,248

4,891

3,399

3,240

129

3,251

3,561

3,250

4,888

3,399

3,242

130

3,253

3,560

3,251

4,885

3,400

3,244

131

3,254

3,559

3,253

4,882

3,400

3,245

132

3,256

3,558

3,254

4,879

3,400

3,247

133

3,257

3,557

3,256

4,876

3,401

3,248

134

3,259

3,556

3,257

4,874

3,401

3,250

135

3,260

3,556

3,258

4,871

3,401

3,251

136

3,262

3,555

3,260

4,868

3,402

3,253

137

3,263

3,554

3,261

4,865

3,402

3,254

138

3,264

3,553

3,263

4,863

3,403

3,256

139

3,266

3,553

3,264

4,860

3,403

3,257

140

3,267

3,552

3,265

4,857

3,403

3,258

141

3,268

3,551

3,267

4,855

3,404

3,260

142

3,270

3,550

3,268

4,852

3,404

3,261

143

3,271

3,550

3,269

4,850

3,404

3,262

144

3,272

3,549

3,270

4,848

3,404

3,264

145

3,273

3,548

3,272

4,845

3,405

3,265

146

3,275

3,548

3,273

4,843

3,405

3,266

147

3,276

3,547

3,274

4,840

3,405

3,267

148

3,277

3,546

3,275

4,838

3,406

3,269

149

3,278

3,546

3,276

4,836

3,406

3,270

150

3,279

3,545

3,278

4,834

3,406

3,271

| Term to maturity (in years) | Pound sterling (in %) | Romanian leu (in %) | Zloty (in %) | Króna (in %) | Norwegian krone (in %) | Swiss franc (in %) |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 6,062 | 6,161 | 5,941 | 8,902 | 4,873 | 1,991 |
| 2 | 5,960 | 6,280 | 5,698 | 8,245 | 4,722 | 1,955 |
| 3 | 5,630 | 6,408 | 5,594 | 7,724 | 4,492 | 1,901 |
| 4 | 5,309 | 6,500 | 5,529 | 7,283 | 4,273 | 1,852 |
| 5 | 5,028 | 6,573 | 5,498 | 6,919 | 4,099 | 1,814 |
| 6 | 4,795 | 6,632 | 5,498 | 6,611 | 3,975 | 1,789 |
| 7 | 4,601 | 6,673 | 5,516 | 6,347 | 3,884 | 1,774 |
| 8 | 4,454 | 6,700 | 5,544 | 6,120 | 3,816 | 1,766 |
| 9 | 4,340 | 6,720 | 5,577 | 5,926 | 3,762 | 1,764 |
| 10 | 4,250 | 6,729 | 5,606 | 5,762 | 3,720 | 1,767 |
| 11 | 4,185 | 6,714 | 5,614 | 5,623 | 3,685 | 1,774 |
| 12 | 4,137 | 6,679 | 5,605 | 5,501 | 3,657 | 1,784 |
| 13 | 4,096 | 6,629 | 5,582 | 5,394 | 3,634 | 1,796 |
| 14 | 4,061 | 6,568 | 5,551 | 5,298 | 3,614 | 1,809 |
| 15 | 4,027 | 6,501 | 5,513 | 5,212 | 3,597 | 1,824 |
| 16 | 3,996 | 6,429 | 5,471 | 5,134 | 3,583 | 1,838 |
| 17 | 3,965 | 6,355 | 5,425 | 5,062 | 3,570 | 1,853 |
| 18 | 3,936 | 6,279 | 5,379 | 4,997 | 3,559 | 1,867 |
| 19 | 3,909 | 6,202 | 5,331 | 4,936 | 3,550 | 1,882 |
| 20 | 3,884 | 6,127 | 5,283 | 4,880 | 3,541 | 1,896 |
| 21 | 3,861 | 6,052 | 5,235 | 4,828 | 3,534 | 1,910 |
| 22 | 3,838 | 5,978 | 5,187 | 4,779 | 3,527 | 1,924 |
| 23 | 3,816 | 5,907 | 5,141 | 4,733 | 3,521 | 1,937 |
| 24 | 3,794 | 5,837 | 5,095 | 4,691 | 3,516 | 1,950 |
| 25 | 3,772 | 5,769 | 5,051 | 4,650 | 3,511 | 1,963 |
| 26 | 3,749 | 5,704 | 5,008 | 4,612 | 3,507 | 1,975 |
| 27 | 3,724 | 5,641 | 4,966 | 4,577 | 3,503 | 1,987 |
| 28 | 3,699 | 5,580 | 4,926 | 4,543 | 3,499 | 1,998 |
| 29 | 3,671 | 5,522 | 4,887 | 4,511 | 3,496 | 2,009 |
| 30 | 3,642 | 5,466 | 4,849 | 4,481 | 3,493 | 2,020 |
| 31 | 3,611 | 5,412 | 4,813 | 4,452 | 3,491 | 2,030 |
| 32 | 3,579 | 5,360 | 4,778 | 4,424 | 3,488 | 2,040 |
| 33 | 3,547 | 5,310 | 4,744 | 4,398 | 3,486 | 2,049 |
| 34 | 3,514 | 5,262 | 4,712 | 4,374 | 3,484 | 2,058 |
| 35 | 3,483 | 5,217 | 4,681 | 4,350 | 3,482 | 2,067 |
| 36 | 3,452 | 5,173 | 4,651 | 4,327 | 3,480 | 2,076 |
| 37 | 3,422 | 5,130 | 4,623 | 4,306 | 3,479 | 2,084 |
| 38 | 3,394 | 5,090 | 4,595 | 4,285 | 3,477 | 2,092 |
| 39 | 3,367 | 5,051 | 4,569 | 4,266 | 3,476 | 2,100 |
| 40 | 3,342 | 5,014 | 4,543 | 4,247 | 3,475 | 2,107 |
| 41 | 3,319 | 4,978 | 4,519 | 4,229 | 3,473 | 2,114 |
| 42 | 3,297 | 4,944 | 4,495 | 4,211 | 3,472 | 2,121 |
| 43 | 3,278 | 4,911 | 4,472 | 4,195 | 3,471 | 2,128 |
| 44 | 3,259 | 4,879 | 4,450 | 4,179 | 3,470 | 2,134 |
| 45 | 3,243 | 4,849 | 4,429 | 4,163 | 3,469 | 2,140 |
| 46 | 3,228 | 4,819 | 4,409 | 4,149 | 3,469 | 2,146 |
| 47 | 3,215 | 4,791 | 4,390 | 4,135 | 3,468 | 2,152 |
| 48 | 3,204 | 4,764 | 4,371 | 4,121 | 3,467 | 2,158 |
| 49 | 3,194 | 4,738 | 4,353 | 4,108 | 3,466 | 2,163 |
| 50 | 3,186 | 4,713 | 4,335 | 4,095 | 3,466 | 2,168 |
| 51 | 3,180 | 4,689 | 4,319 | 4,083 | 3,465 | 2,173 |
| 52 | 3,175 | 4,665 | 4,302 | 4,071 | 3,465 | 2,178 |
| 53 | 3,171 | 4,643 | 4,287 | 4,060 | 3,464 | 2,183 |
| 54 | 3,168 | 4,621 | 4,271 | 4,049 | 3,464 | 2,188 |
| 55 | 3,166 | 4,600 | 4,257 | 4,038 | 3,463 | 2,192 |
| 56 | 3,165 | 4,579 | 4,243 | 4,028 | 3,463 | 2,197 |
| 57 | 3,165 | 4,560 | 4,229 | 4,018 | 3,462 | 2,201 |
| 58 | 3,165 | 4,541 | 4,216 | 4,008 | 3,462 | 2,205 |
| 59 | 3,165 | 4,522 | 4,203 | 3,999 | 3,462 | 2,209 |
| 60 | 3,166 | 4,505 | 4,190 | 3,990 | 3,461 | 2,213 |
| 61 | 3,167 | 4,487 | 4,178 | 3,981 | 3,461 | 2,216 |
| 62 | 3,169 | 4,471 | 4,167 | 3,973 | 3,461 | 2,220 |
| 63 | 3,171 | 4,455 | 4,156 | 3,965 | 3,460 | 2,223 |
| 64 | 3,173 | 4,439 | 4,145 | 3,957 | 3,460 | 2,227 |
| 65 | 3,175 | 4,424 | 4,134 | 3,949 | 3,460 | 2,230 |
| 66 | 3,177 | 4,409 | 4,124 | 3,942 | 3,459 | 2,233 |
| 67 | 3,179 | 4,395 | 4,114 | 3,934 | 3,459 | 2,237 |
| 68 | 3,182 | 4,381 | 4,104 | 3,927 | 3,459 | 2,240 |
| 69 | 3,184 | 4,367 | 4,094 | 3,920 | 3,459 | 2,243 |
| 70 | 3,187 | 4,354 | 4,085 | 3,914 | 3,459 | 2,246 |
| 71 | 3,190 | 4,341 | 4,076 | 3,907 | 3,458 | 2,248 |
| 72 | 3,192 | 4,329 | 4,068 | 3,901 | 3,458 | 2,251 |
| 73 | 3,195 | 4,317 | 4,059 | 3,895 | 3,458 | 2,254 |
| 74 | 3,198 | 4,305 | 4,051 | 3,889 | 3,458 | 2,256 |
| 75 | 3,200 | 4,294 | 4,043 | 3,883 | 3,458 | 2,259 |
| 76 | 3,203 | 4,283 | 4,035 | 3,877 | 3,458 | 2,261 |
| 77 | 3,206 | 4,272 | 4,028 | 3,872 | 3,457 | 2,264 |
| 78 | 3,209 | 4,261 | 4,020 | 3,866 | 3,457 | 2,266 |
| 79 | 3,211 | 4,251 | 4,013 | 3,861 | 3,457 | 2,268 |
| 80 | 3,214 | 4,241 | 4,006 | 3,856 | 3,457 | 2,271 |
| 81 | 3,216 | 4,231 | 3,999 | 3,851 | 3,457 | 2,273 |
| 82 | 3,219 | 4,222 | 3,992 | 3,846 | 3,457 | 2,275 |
| 83 | 3,221 | 4,212 | 3,986 | 3,841 | 3,457 | 2,277 |
| 84 | 3,224 | 4,203 | 3,979 | 3,837 | 3,457 | 2,279 |
| 85 | 3,226 | 4,194 | 3,973 | 3,832 | 3,456 | 2,281 |
| 86 | 3,229 | 4,186 | 3,967 | 3,828 | 3,456 | 2,283 |
| 87 | 3,231 | 4,177 | 3,961 | 3,823 | 3,456 | 2,285 |
| 88 | 3,233 | 4,169 | 3,955 | 3,819 | 3,456 | 2,287 |
| 89 | 3,236 | 4,161 | 3,950 | 3,815 | 3,456 | 2,289 |
| 90 | 3,238 | 4,153 | 3,944 | 3,811 | 3,456 | 2,290 |
| 91 | 3,240 | 4,145 | 3,939 | 3,807 | 3,456 | 2,292 |
| 92 | 3,242 | 4,138 | 3,933 | 3,803 | 3,456 | 2,294 |
| 93 | 3,245 | 4,130 | 3,928 | 3,799 | 3,456 | 2,296 |
| 94 | 3,247 | 4,123 | 3,923 | 3,796 | 3,456 | 2,297 |
| 95 | 3,249 | 4,116 | 3,918 | 3,792 | 3,456 | 2,299 |
| 96 | 3,251 | 4,109 | 3,913 | 3,788 | 3,455 | 2,300 |
| 97 | 3,253 | 4,102 | 3,908 | 3,785 | 3,455 | 2,302 |
| 98 | 3,255 | 4,095 | 3,904 | 3,781 | 3,455 | 2,303 |
| 99 | 3,257 | 4,089 | 3,899 | 3,778 | 3,455 | 2,305 |
| 100 | 3,259 | 4,082 | 3,895 | 3,775 | 3,455 | 2,306 |
| 101 | 3,260 | 4,076 | 3,890 | 3,772 | 3,455 | 2,308 |
| 102 | 3,262 | 4,070 | 3,886 | 3,768 | 3,455 | 2,309 |
| 103 | 3,264 | 4,064 | 3,882 | 3,765 | 3,455 | 2,310 |
| 104 | 3,266 | 4,058 | 3,877 | 3,762 | 3,455 | 2,312 |
| 105 | 3,267 | 4,052 | 3,873 | 3,759 | 3,455 | 2,313 |
| 106 | 3,269 | 4,046 | 3,869 | 3,756 | 3,455 | 2,314 |
| 107 | 3,271 | 4,041 | 3,865 | 3,754 | 3,455 | 2,316 |
| 108 | 3,273 | 4,035 | 3,862 | 3,751 | 3,455 | 2,317 |
| 109 | 3,274 | 4,030 | 3,858 | 3,748 | 3,455 | 2,318 |
| 110 | 3,276 | 4,025 | 3,854 | 3,745 | 3,455 | 2,319 |
| 111 | 3,277 | 4,020 | 3,850 | 3,743 | 3,455 | 2,321 |
| 112 | 3,279 | 4,014 | 3,847 | 3,740 | 3,455 | 2,322 |
| 113 | 3,280 | 4,009 | 3,843 | 3,737 | 3,454 | 2,323 |
| 114 | 3,282 | 4,005 | 3,840 | 3,735 | 3,454 | 2,324 |
| 115 | 3,283 | 4,000 | 3,836 | 3,732 | 3,454 | 2,325 |
| 116 | 3,285 | 3,995 | 3,833 | 3,730 | 3,454 | 2,326 |
| 117 | 3,286 | 3,990 | 3,830 | 3,728 | 3,454 | 2,327 |
| 118 | 3,287 | 3,986 | 3,827 | 3,725 | 3,454 | 2,328 |
| 119 | 3,289 | 3,981 | 3,823 | 3,723 | 3,454 | 2,329 |
| 120 | 3,290 | 3,977 | 3,820 | 3,721 | 3,454 | 2,330 |
| 121 | 3,291 | 3,972 | 3,817 | 3,718 | 3,454 | 2,331 |
| 122 | 3,293 | 3,968 | 3,814 | 3,716 | 3,454 | 2,332 |
| 123 | 3,294 | 3,964 | 3,811 | 3,714 | 3,454 | 2,333 |
| 124 | 3,295 | 3,960 | 3,808 | 3,712 | 3,454 | 2,334 |
| 125 | 3,297 | 3,956 | 3,806 | 3,710 | 3,454 | 2,335 |
| 126 | 3,298 | 3,952 | 3,803 | 3,708 | 3,454 | 2,336 |
| 127 | 3,299 | 3,948 | 3,800 | 3,706 | 3,454 | 2,337 |
| 128 | 3,300 | 3,944 | 3,797 | 3,704 | 3,454 | 2,338 |
| 129 | 3,301 | 3,940 | 3,794 | 3,702 | 3,454 | 2,339 |
| 130 | 3,302 | 3,936 | 3,792 | 3,700 | 3,454 | 2,339 |
| 131 | 3,304 | 3,932 | 3,789 | 3,698 | 3,454 | 2,340 |
| 132 | 3,305 | 3,929 | 3,787 | 3,696 | 3,454 | 2,341 |
| 133 | 3,306 | 3,925 | 3,784 | 3,694 | 3,454 | 2,342 |
| 134 | 3,307 | 3,922 | 3,782 | 3,692 | 3,454 | 2,343 |
| 135 | 3,308 | 3,918 | 3,779 | 3,691 | 3,454 | 2,344 |
| 136 | 3,309 | 3,915 | 3,777 | 3,689 | 3,454 | 2,344 |
| 137 | 3,310 | 3,911 | 3,774 | 3,687 | 3,454 | 2,345 |
| 138 | 3,311 | 3,908 | 3,772 | 3,685 | 3,454 | 2,346 |
| 139 | 3,312 | 3,905 | 3,770 | 3,684 | 3,454 | 2,347 |
| 140 | 3,313 | 3,901 | 3,767 | 3,682 | 3,454 | 2,347 |
| 141 | 3,314 | 3,898 | 3,765 | 3,680 | 3,454 | 2,348 |
| 142 | 3,315 | 3,895 | 3,763 | 3,679 | 3,453 | 2,349 |
| 143 | 3,316 | 3,892 | 3,761 | 3,677 | 3,453 | 2,349 |
| 144 | 3,317 | 3,889 | 3,759 | 3,675 | 3,453 | 2,350 |
| 145 | 3,318 | 3,886 | 3,756 | 3,674 | 3,453 | 2,351 |
| 146 | 3,319 | 3,883 | 3,754 | 3,672 | 3,453 | 2,352 |
| 147 | 3,319 | 3,880 | 3,752 | 3,671 | 3,453 | 2,352 |
| 148 | 3,320 | 3,877 | 3,750 | 3,669 | 3,453 | 2,353 |
| 149 | 3,321 | 3,874 | 3,748 | 3,668 | 3,453 | 2,354 |
| 150 | 3,322 | 3,871 | 3,746 | 3,666 | 3,453 | 2,354 |

Term to maturity (in years)

Pound sterling (in %)

Romanian leu (in %)

Zloty (in %)

Króna (in %)

Norwegian krone (in %)

Swiss franc (in %)

1

6,062

6,161

5,941

8,902

4,873

1,991

2

5,960

6,280

5,698

8,245

4,722

1,955

3

5,630

6,408

5,594

7,724

4,492

1,901

4

5,309

6,500

5,529

7,283

4,273

1,852

5

5,028

6,573

5,498

6,919

4,099

1,814

6

4,795

6,632

5,498

6,611

3,975

1,789

7

4,601

6,673

5,516

6,347

3,884

1,774

8

4,454

6,700

5,544

6,120

3,816

1,766

9

4,340

6,720

5,577

5,926

3,762

1,764

10

4,250

6,729

5,606

5,762

3,720

1,767

11

4,185

6,714

5,614

5,623

3,685

1,774

12

4,137

6,679

5,605

5,501

3,657

1,784

13

4,096

6,629

5,582

5,394

3,634

1,796

14

4,061

6,568

5,551

5,298

3,614

1,809

15

4,027

6,501

5,513

5,212

3,597

1,824

16

3,996

6,429

5,471

5,134

3,583

1,838

17

3,965

6,355

5,425

5,062

3,570

1,853

18

3,936

6,279

5,379

4,997

3,559

1,867

19

3,909

6,202

5,331

4,936

3,550

1,882

20

3,884

6,127

5,283

4,880

3,541

1,896

21

3,861

6,052

5,235

4,828

3,534

1,910

22

3,838

5,978

5,187

4,779

3,527

1,924

23

3,816

5,907

5,141

4,733

3,521

1,937

24

3,794

5,837

5,095

4,691

3,516

1,950

25

3,772

5,769

5,051

4,650

3,511

1,963

26

3,749

5,704

5,008

4,612

3,507

1,975

27

3,724

5,641

4,966

4,577

3,503

1,987

28

3,699

5,580

4,926

4,543

3,499

1,998

29

3,671

5,522

4,887

4,511

3,496

2,009

30

3,642

5,466

4,849

4,481

3,493

2,020

31

3,611

5,412

4,813

4,452

3,491

2,030

32

3,579

5,360

4,778

4,424

3,488

2,040

33

3,547

5,310

4,744

4,398

3,486

2,049

34

3,514

5,262

4,712

4,374

3,484

2,058

35

3,483

5,217

4,681

4,350

3,482

2,067

36

3,452

5,173

4,651

4,327

3,480

2,076

37

3,422

5,130

4,623

4,306

3,479

2,084

38

3,394

5,090

4,595

4,285

3,477

2,092

39

3,367

5,051

4,569

4,266

3,476

2,100

40

3,342

5,014

4,543

4,247

3,475

2,107

41

3,319

4,978

4,519

4,229

3,473

2,114

42

3,297

4,944

4,495

4,211

3,472

2,121

43

3,278

4,911

4,472

4,195

3,471

2,128

44

3,259

4,879

4,450

4,179

3,470

2,134

45

3,243

4,849

4,429

4,163

3,469

2,140

46

3,228

4,819

4,409

4,149

3,469

2,146

47

3,215

4,791

4,390

4,135

3,468

2,152

48

3,204

4,764

4,371

4,121

3,467

2,158

49

3,194

4,738

4,353

4,108

3,466

2,163

50

3,186

4,713

4,335

4,095

3,466

2,168

51

3,180

4,689

4,319

4,083

3,465

2,173

52

3,175

4,665

4,302

4,071

3,465

2,178

53

3,171

4,643

4,287

4,060

3,464

2,183

54

3,168

4,621

4,271

4,049

3,464

2,188

55

3,166

4,600

4,257

4,038

3,463

2,192

56

3,165

4,579

4,243

4,028

3,463

2,197

57

3,165

4,560

4,229

4,018

3,462

2,201

58

3,165

4,541

4,216

4,008

3,462

2,205

59

3,165

4,522

4,203

3,999

3,462

2,209

60

3,166

4,505

4,190

3,990

3,461

2,213

61

3,167

4,487

4,178

3,981

3,461

2,216

62

3,169

4,471

4,167

3,973

3,461

2,220

63

3,171

4,455

4,156

3,965

3,460

2,223

64

3,173

4,439

4,145

3,957

3,460

2,227

65

3,175

4,424

4,134

3,949

3,460

2,230

66

3,177

4,409

4,124

3,942

3,459

2,233

67

3,179

4,395

4,114

3,934

3,459

2,237

68

3,182

4,381

4,104

3,927

3,459

2,240

69

3,184

4,367

4,094

3,920

3,459

2,243

70

3,187

4,354

4,085

3,914

3,459

2,246

71

3,190

4,341

4,076

3,907

3,458

2,248

72

3,192

4,329

4,068

3,901

3,458

2,251

73

3,195

4,317

4,059

3,895

3,458

2,254

74

3,198

4,305

4,051

3,889

3,458

2,256

75

3,200

4,294

4,043

3,883

3,458

2,259

76

3,203

4,283

4,035

3,877

3,458

2,261

77

3,206

4,272

4,028

3,872

3,457

2,264

78

3,209

4,261

4,020

3,866

3,457

2,266

79

3,211

4,251

4,013

3,861

3,457

2,268

80

3,214

4,241

4,006

3,856

3,457

2,271

81

3,216

4,231

3,999

3,851

3,457

2,273

82

3,219

4,222

3,992

3,846

3,457

2,275

83

3,221

4,212

3,986

3,841

3,457

2,277

84

3,224

4,203

3,979

3,837

3,457

2,279

85

3,226

4,194

3,973

3,832

3,456

2,281

86

3,229

4,186

3,967

3,828

3,456

2,283

87

3,231

4,177

3,961

3,823

3,456

2,285

88

3,233

4,169

3,955

3,819

3,456

2,287

89

3,236

4,161

3,950

3,815

3,456

2,289

90

3,238

4,153

3,944

3,811

3,456

2,290

91

3,240

4,145

3,939

3,807

3,456

2,292

92

3,242

4,138

3,933

3,803

3,456

2,294

93

3,245

4,130

3,928

3,799

3,456

2,296

94

3,247

4,123

3,923

3,796

3,456

2,297

95

3,249

4,116

3,918

3,792

3,456

2,299

96

3,251

4,109

3,913

3,788

3,455

2,300

97

3,253

4,102

3,908

3,785

3,455

2,302

98

3,255

4,095

3,904

3,781

3,455

2,303

99

3,257

4,089

3,899

3,778

3,455

2,305

100

3,259

4,082

3,895

3,775

3,455

2,306

101

3,260

4,076

3,890

3,772

3,455

2,308

102

3,262

4,070

3,886

3,768

3,455

2,309

103

3,264

4,064

3,882

3,765

3,455

2,310

104

3,266

4,058

3,877

3,762

3,455

2,312

105

3,267

4,052

3,873

3,759

3,455

2,313

106

3,269

4,046

3,869

3,756

3,455

2,314

107

3,271

4,041

3,865

3,754

3,455

2,316

108

3,273

4,035

3,862

3,751

3,455

2,317

109

3,274

4,030

3,858

3,748

3,455

2,318

110

3,276

4,025

3,854

3,745

3,455

2,319

111

3,277

4,020

3,850

3,743

3,455

2,321

112

3,279

4,014

3,847

3,740

3,455

2,322

113

3,280

4,009

3,843

3,737

3,454

2,323

114

3,282

4,005

3,840

3,735

3,454

2,324

115

3,283

4,000

3,836

3,732

3,454

2,325

116

3,285

3,995

3,833

3,730

3,454

2,326

117

3,286

3,990

3,830

3,728

3,454

2,327

118

3,287

3,986

3,827

3,725

3,454

2,328

119

3,289

3,981

3,823

3,723

3,454

2,329

120

3,290

3,977

3,820

3,721

3,454

2,330

121

3,291

3,972

3,817

3,718

3,454

2,331

122

3,293

3,968

3,814

3,716

3,454

2,332

123

3,294

3,964

3,811

3,714

3,454

2,333

124

3,295

3,960

3,808

3,712

3,454

2,334

125

3,297

3,956

3,806

3,710

3,454

2,335

126

3,298

3,952

3,803

3,708

3,454

2,336

127

3,299

3,948

3,800

3,706

3,454

2,337

128

3,300

3,944

3,797

3,704

3,454

2,338

129

3,301

3,940

3,794

3,702

3,454

2,339

130

3,302

3,936

3,792

3,700

3,454

2,339

131

3,304

3,932

3,789

3,698

3,454

2,340

132

3,305

3,929

3,787

3,696

3,454

2,341

133

3,306

3,925

3,784

3,694

3,454

2,342

134

3,307

3,922

3,782

3,692

3,454

2,343

135

3,308

3,918

3,779

3,691

3,454

2,344

136

3,309

3,915

3,777

3,689

3,454

2,344

137

3,310

3,911

3,774

3,687

3,454

2,345

138

3,311

3,908

3,772

3,685

3,454

2,346

139

3,312

3,905

3,770

3,684

3,454

2,347

140

3,313

3,901

3,767

3,682

3,454

2,347

141

3,314

3,898

3,765

3,680

3,454

2,348

142

3,315

3,895

3,763

3,679

3,453

2,349

143

3,316

3,892

3,761

3,677

3,453

2,349

144

3,317

3,889

3,759

3,675

3,453

2,350

145

3,318

3,886

3,756

3,674

3,453

2,351

146

3,319

3,883

3,754

3,672

3,453

2,352

147

3,319

3,880

3,752

3,671

3,453

2,352

148

3,320

3,877

3,750

3,669

3,453

2,353

149

3,321

3,874

3,748

3,668

3,453

2,354

150

3,322

3,871

3,746

3,666

3,453

2,354

| Term to maturity (in years) | Australian dollar (in %) | Baht (in %) | Canadian dollar (in %) | Chilean peso (in %) | Colombian peso (in %) | Hong Kong dollar (in %) |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 4,726 | 1,957 | 5,218 | 7,432 | 9,838 | 4,813 |
| 2 | 4,609 | 2,085 | 4,917 | 6,130 | 9,793 | 4,522 |
| 3 | 4,418 | 2,150 | 4,475 | 5,600 | 9,755 | 4,282 |
| 4 | 4,300 | 2,193 | 4,090 | 5,397 | 9,764 | 4,127 |
| 5 | 4,259 | 2,232 | 3,830 | 5,299 | 9,805 | 4,009 |
| 6 | 4,265 | 2,273 | 3,690 | 5,248 | 9,858 | 3,944 |
| 7 | 4,284 | 2,322 | 3,614 | 5,220 | 9,926 | 3,898 |
| 8 | 4,312 | 2,383 | 3,568 | 5,203 | 9,998 | 3,849 |
| 9 | 4,338 | 2,450 | 3,535 | 5,191 | 10,067 | 3,806 |
| 10 | 4,358 | 2,523 | 3,507 | 5,180 | 10,135 | 3,778 |
| 11 | 4,385 | 2,602 | 3,482 | 5,167 | 10,158 | 3,767 |
| 12 | 4,412 | 2,682 | 3,457 | 5,154 | 10,136 | 3,768 |
| 13 | 4,431 | 2,759 | 3,434 | 5,139 | 10,081 | 3,775 |
| 14 | 4,442 | 2,830 | 3,412 | 5,124 | 10,001 | 3,783 |
| 15 | 4,446 | 2,894 | 3,391 | 5,109 | 9,904 | 3,791 |
| 16 | 4,444 | 2,948 | 3,372 | 5,094 | 9,794 | 3,796 |
| 17 | 4,435 | 2,995 | 3,355 | 5,079 | 9,674 | 3,798 |
| 18 | 4,419 | 3,035 | 3,338 | 5,064 | 9,549 | 3,799 |
| 19 | 4,394 | 3,070 | 3,324 | 5,050 | 9,420 | 3,798 |
| 20 | 4,361 | 3,101 | 3,310 | 5,036 | 9,290 | 3,796 |
| 21 | 4,318 | 3,128 | 3,298 | 5,022 | 9,159 | 3,793 |
| 22 | 4,270 | 3,152 | 3,287 | 5,009 | 9,029 | 3,789 |
| 23 | 4,219 | 3,173 | 3,278 | 4,996 | 8,902 | 3,784 |
| 24 | 4,167 | 3,191 | 3,269 | 4,983 | 8,777 | 3,780 |
| 25 | 4,116 | 3,208 | 3,262 | 4,971 | 8,655 | 3,775 |
| 26 | 4,066 | 3,223 | 3,256 | 4,960 | 8,537 | 3,769 |
| 27 | 4,020 | 3,237 | 3,250 | 4,948 | 8,422 | 3,764 |
| 28 | 3,977 | 3,249 | 3,246 | 4,937 | 8,311 | 3,758 |
| 29 | 3,937 | 3,260 | 3,243 | 4,927 | 8,205 | 3,752 |
| 30 | 3,902 | 3,270 | 3,240 | 4,917 | 8,102 | 3,747 |
| 31 | 3,871 | 3,279 | 3,239 | 4,907 | 8,003 | 3,741 |
| 32 | 3,843 | 3,287 | 3,238 | 4,897 | 7,909 | 3,736 |
| 33 | 3,818 | 3,295 | 3,238 | 4,888 | 7,818 | 3,730 |
| 34 | 3,796 | 3,302 | 3,238 | 4,879 | 7,730 | 3,725 |
| 35 | 3,776 | 3,308 | 3,239 | 4,871 | 7,647 | 3,719 |
| 36 | 3,758 | 3,314 | 3,240 | 4,863 | 7,567 | 3,714 |
| 37 | 3,742 | 3,319 | 3,241 | 4,855 | 7,490 | 3,709 |
| 38 | 3,728 | 3,324 | 3,243 | 4,847 | 7,416 | 3,704 |
| 39 | 3,715 | 3,329 | 3,245 | 4,840 | 7,346 | 3,699 |
| 40 | 3,703 | 3,333 | 3,247 | 4,833 | 7,278 | 3,694 |
| 41 | 3,692 | 3,337 | 3,249 | 4,826 | 7,213 | 3,690 |
| 42 | 3,682 | 3,341 | 3,251 | 4,819 | 7,151 | 3,685 |
| 43 | 3,673 | 3,344 | 3,254 | 4,813 | 7,091 | 3,681 |
| 44 | 3,665 | 3,348 | 3,256 | 4,806 | 7,034 | 3,676 |
| 45 | 3,657 | 3,351 | 3,259 | 4,800 | 6,979 | 3,672 |
| 46 | 3,650 | 3,354 | 3,261 | 4,795 | 6,926 | 3,668 |
| 47 | 3,644 | 3,356 | 3,264 | 4,789 | 6,876 | 3,664 |
| 48 | 3,638 | 3,359 | 3,266 | 4,784 | 6,827 | 3,660 |
| 49 | 3,632 | 3,361 | 3,269 | 4,778 | 6,780 | 3,657 |
| 50 | 3,627 | 3,363 | 3,271 | 4,773 | 6,735 | 3,653 |
| 51 | 3,622 | 3,366 | 3,274 | 4,768 | 6,691 | 3,649 |
| 52 | 3,617 | 3,368 | 3,276 | 4,764 | 6,649 | 3,646 |
| 53 | 3,613 | 3,369 | 3,279 | 4,759 | 6,609 | 3,643 |
| 54 | 3,609 | 3,371 | 3,281 | 4,754 | 6,570 | 3,639 |
| 55 | 3,605 | 3,373 | 3,284 | 4,750 | 6,532 | 3,636 |
| 56 | 3,602 | 3,375 | 3,286 | 4,746 | 6,496 | 3,633 |
| 57 | 3,599 | 3,376 | 3,288 | 4,742 | 6,461 | 3,630 |
| 58 | 3,595 | 3,378 | 3,291 | 4,738 | 6,427 | 3,627 |
| 59 | 3,592 | 3,379 | 3,293 | 4,734 | 6,394 | 3,625 |
| 60 | 3,589 | 3,380 | 3,295 | 4,730 | 6,363 | 3,622 |
| 61 | 3,587 | 3,382 | 3,297 | 4,727 | 6,332 | 3,619 |
| 62 | 3,584 | 3,383 | 3,299 | 4,723 | 6,302 | 3,617 |
| 63 | 3,582 | 3,384 | 3,302 | 4,720 | 6,274 | 3,614 |
| 64 | 3,579 | 3,385 | 3,304 | 4,716 | 6,246 | 3,612 |
| 65 | 3,577 | 3,386 | 3,306 | 4,713 | 6,219 | 3,609 |
| 66 | 3,575 | 3,388 | 3,308 | 4,710 | 6,193 | 3,607 |
| 67 | 3,573 | 3,389 | 3,309 | 4,707 | 6,167 | 3,605 |
| 68 | 3,571 | 3,390 | 3,311 | 4,704 | 6,143 | 3,602 |
| 69 | 3,569 | 3,390 | 3,313 | 4,701 | 6,119 | 3,600 |
| 70 | 3,567 | 3,391 | 3,315 | 4,698 | 6,095 | 3,598 |
| 71 | 3,565 | 3,392 | 3,317 | 4,696 | 6,073 | 3,596 |
| 72 | 3,564 | 3,393 | 3,318 | 4,693 | 6,051 | 3,594 |
| 73 | 3,562 | 3,394 | 3,320 | 4,690 | 6,030 | 3,592 |
| 74 | 3,560 | 3,395 | 3,322 | 4,688 | 6,009 | 3,590 |
| 75 | 3,559 | 3,396 | 3,323 | 4,685 | 5,989 | 3,589 |
| 76 | 3,557 | 3,396 | 3,325 | 4,683 | 5,969 | 3,587 |
| 77 | 3,556 | 3,397 | 3,327 | 4,681 | 5,950 | 3,585 |
| 78 | 3,554 | 3,398 | 3,328 | 4,678 | 5,931 | 3,583 |
| 79 | 3,553 | 3,398 | 3,330 | 4,676 | 5,913 | 3,582 |
| 80 | 3,552 | 3,399 | 3,331 | 4,674 | 5,895 | 3,580 |
| 81 | 3,550 | 3,400 | 3,332 | 4,672 | 5,878 | 3,578 |
| 82 | 3,549 | 3,400 | 3,334 | 4,670 | 5,861 | 3,577 |
| 83 | 3,548 | 3,401 | 3,335 | 4,668 | 5,844 | 3,575 |
| 84 | 3,547 | 3,402 | 3,336 | 4,666 | 5,828 | 3,574 |
| 85 | 3,545 | 3,402 | 3,338 | 4,664 | 5,812 | 3,572 |
| 86 | 3,544 | 3,403 | 3,339 | 4,662 | 5,797 | 3,571 |
| 87 | 3,543 | 3,403 | 3,340 | 4,660 | 5,782 | 3,570 |
| 88 | 3,542 | 3,404 | 3,341 | 4,658 | 5,767 | 3,568 |
| 89 | 3,541 | 3,404 | 3,343 | 4,657 | 5,753 | 3,567 |
| 90 | 3,540 | 3,405 | 3,344 | 4,655 | 5,739 | 3,566 |
| 91 | 3,539 | 3,405 | 3,345 | 4,653 | 5,725 | 3,564 |
| 92 | 3,538 | 3,406 | 3,346 | 4,651 | 5,712 | 3,563 |
| 93 | 3,537 | 3,406 | 3,347 | 4,650 | 5,699 | 3,562 |
| 94 | 3,536 | 3,407 | 3,348 | 4,648 | 5,686 | 3,561 |
| 95 | 3,535 | 3,407 | 3,349 | 4,647 | 5,673 | 3,560 |
| 96 | 3,534 | 3,408 | 3,350 | 4,645 | 5,661 | 3,559 |
| 97 | 3,533 | 3,408 | 3,351 | 4,644 | 5,649 | 3,557 |
| 98 | 3,533 | 3,409 | 3,352 | 4,642 | 5,637 | 3,556 |
| 99 | 3,532 | 3,409 | 3,353 | 4,641 | 5,626 | 3,555 |
| 100 | 3,531 | 3,410 | 3,354 | 4,639 | 5,614 | 3,554 |
| 101 | 3,530 | 3,410 | 3,355 | 4,638 | 5,603 | 3,553 |
| 102 | 3,529 | 3,410 | 3,356 | 4,637 | 5,593 | 3,552 |
| 103 | 3,529 | 3,411 | 3,357 | 4,635 | 5,582 | 3,551 |
| 104 | 3,528 | 3,411 | 3,358 | 4,634 | 5,571 | 3,550 |
| 105 | 3,527 | 3,411 | 3,359 | 4,633 | 5,561 | 3,549 |
| 106 | 3,526 | 3,412 | 3,360 | 4,631 | 5,551 | 3,548 |
| 107 | 3,526 | 3,412 | 3,361 | 4,630 | 5,541 | 3,547 |
| 108 | 3,525 | 3,413 | 3,361 | 4,629 | 5,532 | 3,547 |
| 109 | 3,524 | 3,413 | 3,362 | 4,628 | 5,522 | 3,546 |
| 110 | 3,524 | 3,413 | 3,363 | 4,627 | 5,513 | 3,545 |
| 111 | 3,523 | 3,414 | 3,364 | 4,626 | 5,504 | 3,544 |
| 112 | 3,522 | 3,414 | 3,364 | 4,624 | 5,495 | 3,543 |
| 113 | 3,522 | 3,414 | 3,365 | 4,623 | 5,486 | 3,542 |
| 114 | 3,521 | 3,415 | 3,366 | 4,622 | 5,477 | 3,541 |
| 115 | 3,520 | 3,415 | 3,367 | 4,621 | 5,468 | 3,541 |
| 116 | 3,520 | 3,415 | 3,367 | 4,620 | 5,460 | 3,540 |
| 117 | 3,519 | 3,415 | 3,368 | 4,619 | 5,452 | 3,539 |
| 118 | 3,519 | 3,416 | 3,369 | 4,618 | 5,444 | 3,538 |
| 119 | 3,518 | 3,416 | 3,370 | 4,617 | 5,436 | 3,538 |
| 120 | 3,517 | 3,416 | 3,370 | 4,616 | 5,428 | 3,537 |
| 121 | 3,517 | 3,417 | 3,371 | 4,615 | 5,420 | 3,536 |
| 122 | 3,516 | 3,417 | 3,371 | 4,614 | 5,413 | 3,535 |
| 123 | 3,516 | 3,417 | 3,372 | 4,613 | 5,405 | 3,535 |
| 124 | 3,515 | 3,417 | 3,373 | 4,612 | 5,398 | 3,534 |
| 125 | 3,515 | 3,418 | 3,373 | 4,612 | 5,391 | 3,533 |
| 126 | 3,514 | 3,418 | 3,374 | 4,611 | 5,384 | 3,533 |
| 127 | 3,514 | 3,418 | 3,375 | 4,610 | 5,377 | 3,532 |
| 128 | 3,513 | 3,418 | 3,375 | 4,609 | 5,370 | 3,531 |
| 129 | 3,513 | 3,419 | 3,376 | 4,608 | 5,363 | 3,531 |
| 130 | 3,512 | 3,419 | 3,376 | 4,607 | 5,356 | 3,530 |
| 131 | 3,512 | 3,419 | 3,377 | 4,606 | 5,350 | 3,530 |
| 132 | 3,511 | 3,419 | 3,377 | 4,606 | 5,343 | 3,529 |
| 133 | 3,511 | 3,420 | 3,378 | 4,605 | 5,337 | 3,528 |
| 134 | 3,510 | 3,420 | 3,379 | 4,604 | 5,331 | 3,528 |
| 135 | 3,510 | 3,420 | 3,379 | 4,603 | 5,324 | 3,527 |
| 136 | 3,509 | 3,420 | 3,380 | 4,602 | 5,318 | 3,527 |
| 137 | 3,509 | 3,421 | 3,380 | 4,602 | 5,312 | 3,526 |
| 138 | 3,509 | 3,421 | 3,381 | 4,601 | 5,306 | 3,526 |
| 139 | 3,508 | 3,421 | 3,381 | 4,600 | 5,301 | 3,525 |
| 140 | 3,508 | 3,421 | 3,382 | 4,600 | 5,295 | 3,524 |
| 141 | 3,507 | 3,421 | 3,382 | 4,599 | 5,289 | 3,524 |
| 142 | 3,507 | 3,422 | 3,383 | 4,598 | 5,284 | 3,523 |
| 143 | 3,507 | 3,422 | 3,383 | 4,597 | 5,278 | 3,523 |
| 144 | 3,506 | 3,422 | 3,383 | 4,597 | 5,273 | 3,522 |
| 145 | 3,506 | 3,422 | 3,384 | 4,596 | 5,267 | 3,522 |
| 146 | 3,505 | 3,422 | 3,384 | 4,595 | 5,262 | 3,521 |
| 147 | 3,505 | 3,423 | 3,385 | 4,595 | 5,257 | 3,521 |
| 148 | 3,505 | 3,423 | 3,385 | 4,594 | 5,252 | 3,520 |
| 149 | 3,504 | 3,423 | 3,386 | 4,594 | 5,247 | 3,520 |
| 150 | 3,504 | 3,423 | 3,386 | 4,593 | 5,242 | 3,519 |

Term to maturity (in years)

Australian dollar (in %)

Baht (in %)

Canadian dollar (in %)

Chilean peso (in %)

Colombian peso (in %)

Hong Kong dollar (in %)

1

4,726

1,957

5,218

7,432

9,838

4,813

2

4,609

2,085

4,917

6,130

9,793

4,522

3

4,418

2,150

4,475

5,600

9,755

4,282

4

4,300

2,193

4,090

5,397

9,764

4,127

5

4,259

2,232

3,830

5,299

9,805

4,009

6

4,265

2,273

3,690

5,248

9,858

3,944

7

4,284

2,322

3,614

5,220

9,926

3,898

8

4,312

2,383

3,568

5,203

9,998

3,849

9

4,338

2,450

3,535

5,191

10,067

3,806

10

4,358

2,523

3,507

5,180

10,135

3,778

11

4,385

2,602

3,482

5,167

10,158

3,767

12

4,412

2,682

3,457

5,154

10,136

3,768

13

4,431

2,759

3,434

5,139

10,081

3,775

14

4,442

2,830

3,412

5,124

10,001

3,783

15

4,446

2,894

3,391

5,109

9,904

3,791

16

4,444

2,948

3,372

5,094

9,794

3,796

17

4,435

2,995

3,355

5,079

9,674

3,798

18

4,419

3,035

3,338

5,064

9,549

3,799

19

4,394

3,070

3,324

5,050

9,420

3,798

20

4,361

3,101

3,310

5,036

9,290

3,796

21

4,318

3,128

3,298

5,022

9,159

3,793

22

4,270

3,152

3,287

5,009

9,029

3,789

23

4,219

3,173

3,278

4,996

8,902

3,784

24

4,167

3,191

3,269

4,983

8,777

3,780

25

4,116

3,208

3,262

4,971

8,655

3,775

26

4,066

3,223

3,256

4,960

8,537

3,769

27

4,020

3,237

3,250

4,948

8,422

3,764

28

3,977

3,249

3,246

4,937

8,311

3,758

29

3,937

3,260

3,243

4,927

8,205

3,752

30

3,902

3,270

3,240

4,917

8,102

3,747

31

3,871

3,279

3,239

4,907

8,003

3,741

32

3,843

3,287

3,238

4,897

7,909

3,736

33

3,818

3,295

3,238

4,888

7,818

3,730

34

3,796

3,302

3,238

4,879

7,730

3,725

35

3,776

3,308

3,239

4,871

7,647

3,719

36

3,758

3,314

3,240

4,863

7,567

3,714

37

3,742

3,319

3,241

4,855

7,490

3,709

38

3,728

3,324

3,243

4,847

7,416

3,704

39

3,715

3,329

3,245

4,840

7,346

3,699

40

3,703

3,333

3,247

4,833

7,278

3,694

41

3,692

3,337

3,249

4,826

7,213

3,690

42

3,682

3,341

3,251

4,819

7,151

3,685

43

3,673

3,344

3,254

4,813

7,091

3,681

44

3,665

3,348

3,256

4,806

7,034

3,676

45

3,657

3,351

3,259

4,800

6,979

3,672

46

3,650

3,354

3,261

4,795

6,926

3,668

47

3,644

3,356

3,264

4,789

6,876

3,664

48

3,638

3,359

3,266

4,784

6,827

3,660

49

3,632

3,361

3,269

4,778

6,780

3,657

50

3,627

3,363

3,271

4,773

6,735

3,653

51

3,622

3,366

3,274

4,768

6,691

3,649

52

3,617

3,368

3,276

4,764

6,649

3,646

53

3,613

3,369

3,279

4,759

6,609

3,643

54

3,609

3,371

3,281

4,754

6,570

3,639

55

3,605

3,373

3,284

4,750

6,532

3,636

56

3,602

3,375

3,286

4,746

6,496

3,633

57

3,599

3,376

3,288

4,742

6,461

3,630

58

3,595

3,378

3,291

4,738

6,427

3,627

59

3,592

3,379

3,293

4,734

6,394

3,625

60

3,589

3,380

3,295

4,730

6,363

3,622

61

3,587

3,382

3,297

4,727

6,332

3,619

62

3,584

3,383

3,299

4,723

6,302

3,617

63

3,582

3,384

3,302

4,720

6,274

3,614

64

3,579

3,385

3,304

4,716

6,246

3,612

65

3,577

3,386

3,306

4,713

6,219

3,609

66

3,575

3,388

3,308

4,710

6,193

3,607

67

3,573

3,389

3,309

4,707

6,167

3,605

68

3,571

3,390

3,311

4,704

6,143

3,602

69

3,569

3,390

3,313

4,701

6,119

3,600

70

3,567

3,391

3,315

4,698

6,095

3,598

71

3,565

3,392

3,317

4,696

6,073

3,596

72

3,564

3,393

3,318

4,693

6,051

3,594

73

3,562

3,394

3,320

4,690

6,030

3,592

74

3,560

3,395

3,322

4,688

6,009

3,590

75

3,559

3,396

3,323

4,685

5,989

3,589

76

3,557

3,396

3,325

4,683

5,969

3,587

77

3,556

3,397

3,327

4,681

5,950

3,585

78

3,554

3,398

3,328

4,678

5,931

3,583

79

3,553

3,398

3,330

4,676

5,913

3,582

80

3,552

3,399

3,331

4,674

5,895

3,580

81

3,550

3,400

3,332

4,672

5,878

3,578

82

3,549

3,400

3,334

4,670

5,861

3,577

83

3,548

3,401

3,335

4,668

5,844

3,575

84

3,547

3,402

3,336

4,666

5,828

3,574

85

3,545

3,402

3,338

4,664

5,812

3,572

86

3,544

3,403

3,339

4,662

5,797

3,571

87

3,543

3,403

3,340

4,660

5,782

3,570

88

3,542

3,404

3,341

4,658

5,767

3,568

89

3,541

3,404

3,343

4,657

5,753

3,567

90

3,540

3,405

3,344

4,655

5,739

3,566

91

3,539

3,405

3,345

4,653

5,725

3,564

92

3,538

3,406

3,346

4,651

5,712

3,563

93

3,537

3,406

3,347

4,650

5,699

3,562

94

3,536

3,407

3,348

4,648

5,686

3,561

95

3,535

3,407

3,349

4,647

5,673

3,560

96

3,534

3,408

3,350

4,645

5,661

3,559

97

3,533

3,408

3,351

4,644

5,649

3,557

98

3,533

3,409

3,352

4,642

5,637

3,556

99

3,532

3,409

3,353

4,641

5,626

3,555

100

3,531

3,410

3,354

4,639

5,614

3,554

101

3,530

3,410

3,355

4,638

5,603

3,553

102

3,529

3,410

3,356

4,637

5,593

3,552

103

3,529

3,411

3,357

4,635

5,582

3,551

104

3,528

3,411

3,358

4,634

5,571

3,550

105

3,527

3,411

3,359

4,633

5,561

3,549

106

3,526

3,412

3,360

4,631

5,551

3,548

107

3,526

3,412

3,361

4,630

5,541

3,547

108

3,525

3,413

3,361

4,629

5,532

3,547

109

3,524

3,413

3,362

4,628

5,522

3,546

110

3,524

3,413

3,363

4,627

5,513

3,545

111

3,523

3,414

3,364

4,626

5,504

3,544

112

3,522

3,414

3,364

4,624

5,495

3,543

113

3,522

3,414

3,365

4,623

5,486

3,542

114

3,521

3,415

3,366

4,622

5,477

3,541

115

3,520

3,415

3,367

4,621

5,468

3,541

116

3,520

3,415

3,367

4,620

5,460

3,540

117

3,519

3,415

3,368

4,619

5,452

3,539

118

3,519

3,416

3,369

4,618

5,444

3,538

119

3,518

3,416

3,370

4,617

5,436

3,538

120

3,517

3,416

3,370

4,616

5,428

3,537

121

3,517

3,417

3,371

4,615

5,420

3,536

122

3,516

3,417

3,371

4,614

5,413

3,535

123

3,516

3,417

3,372

4,613

5,405

3,535

124

3,515

3,417

3,373

4,612

5,398

3,534

125

3,515

3,418

3,373

4,612

5,391

3,533

126

3,514

3,418

3,374

4,611

5,384

3,533

127

3,514

3,418

3,375

4,610

5,377

3,532

128

3,513

3,418

3,375

4,609

5,370

3,531

129

3,513

3,419

3,376

4,608

5,363

3,531

130

3,512

3,419

3,376

4,607

5,356

3,530

131

3,512

3,419

3,377

4,606

5,350

3,530

132

3,511

3,419

3,377

4,606

5,343

3,529

133

3,511

3,420

3,378

4,605

5,337

3,528

134

3,510

3,420

3,379

4,604

5,331

3,528

135

3,510

3,420

3,379

4,603

5,324

3,527

136

3,509

3,420

3,380

4,602

5,318

3,527

137

3,509

3,421

3,380

4,602

5,312

3,526

138

3,509

3,421

3,381

4,601

5,306

3,526

139

3,508

3,421

3,381

4,600

5,301

3,525

140

3,508

3,421

3,382

4,600

5,295

3,524

141

3,507

3,421

3,382

4,599

5,289

3,524

142

3,507

3,422

3,383

4,598

5,284

3,523

143

3,507

3,422

3,383

4,597

5,278

3,523

144

3,506

3,422

3,383

4,597

5,273

3,522

145

3,506

3,422

3,384

4,596

5,267

3,522

146

3,505

3,422

3,384

4,595

5,262

3,521

147

3,505

3,423

3,385

4,595

5,257

3,521

148

3,505

3,423

3,385

4,594

5,252

3,520

149

3,504

3,423

3,386

4,594

5,247

3,520

150

3,504

3,423

3,386

4,593

5,242

3,519

| Term to maturity (in years) | Indian rupee (in %) | Mexican peso (in %) | New Taiwan dollar (in %) | New Zealand dollar (in %) | Rand (in %) | Real (in %) |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 6,884 | 11,422 | 0,896 | 5,794 | 8,805 | 11,351 |
| 2 | 7,001 | 9,985 | 0,930 | 5,430 | 8,628 | 10,235 |
| 3 | 7,072 | 9,101 | 0,961 | 5,025 | 8,608 | 10,046 |
| 4 | 7,120 | 8,635 | 0,985 | 4,758 | 8,720 | 10,102 |
| 5 | 7,130 | 8,401 | 1,005 | 4,595 | 8,923 | 10,229 |
| 6 | 7,146 | 8,295 | 1,023 | 4,512 | 9,207 | 10,362 |
| 7 | 7,160 | 8,248 | 1,039 | 4,461 | 9,490 | 10,482 |
| 8 | 7,176 | 8,224 | 1,054 | 4,426 | 9,752 | 10,593 |
| 9 | 7,197 | 8,201 | 1,067 | 4,406 | 9,990 | 10,674 |
| 10 | 7,212 | 8,166 | 1,080 | 4,404 | 10,204 | 10,740 |
| 11 | 7,211 | 8,113 | 1,109 | 4,419 | 10,391 | 10,759 |
| 12 | 7,198 | 8,045 | 1,153 | 4,444 | 10,551 | 10,735 |
| 13 | 7,177 | 7,967 | 1,206 | 4,474 | 10,678 | 10,679 |
| 14 | 7,149 | 7,883 | 1,264 | 4,505 | 10,772 | 10,599 |
| 15 | 7,118 | 7,795 | 1,324 | 4,536 | 10,827 | 10,502 |
| 16 | 7,083 | 7,705 | 1,386 | 4,565 | 10,841 | 10,393 |
| 17 | 7,047 | 7,615 | 1,447 | 4,589 | 10,822 | 10,275 |
| 18 | 7,010 | 7,524 | 1,508 | 4,608 | 10,776 | 10,151 |
| 19 | 6,972 | 7,435 | 1,567 | 4,622 | 10,710 | 10,024 |
| 20 | 6,934 | 7,348 | 1,624 | 4,629 | 10,628 | 9,896 |
| 21 | 6,897 | 7,263 | 1,680 | 4,629 | 10,534 | 9,767 |
| 22 | 6,860 | 7,180 | 1,733 | 4,623 | 10,432 | 9,640 |
| 23 | 6,824 | 7,099 | 1,785 | 4,613 | 10,324 | 9,515 |
| 24 | 6,789 | 7,022 | 1,835 | 4,599 | 10,212 | 9,392 |
| 25 | 6,755 | 6,947 | 1,882 | 4,583 | 10,099 | 9,273 |
| 26 | 6,722 | 6,875 | 1,927 | 4,565 | 9,984 | 9,157 |
| 27 | 6,689 | 6,805 | 1,971 | 4,546 | 9,871 | 9,045 |
| 28 | 6,658 | 6,739 | 2,013 | 4,526 | 9,758 | 8,936 |
| 29 | 6,628 | 6,675 | 2,052 | 4,505 | 9,648 | 8,832 |
| 30 | 6,599 | 6,614 | 2,091 | 4,483 | 9,540 | 8,731 |
| 31 | 6,571 | 6,555 | 2,127 | 4,462 | 9,435 | 8,634 |
| 32 | 6,544 | 6,498 | 2,162 | 4,441 | 9,333 | 8,541 |
| 33 | 6,518 | 6,445 | 2,195 | 4,419 | 9,235 | 8,452 |
| 34 | 6,493 | 6,393 | 2,227 | 4,398 | 9,139 | 8,367 |
| 35 | 6,469 | 6,343 | 2,258 | 4,378 | 9,047 | 8,285 |
| 36 | 6,446 | 6,296 | 2,287 | 4,358 | 8,959 | 8,207 |
| 37 | 6,424 | 6,250 | 2,315 | 4,338 | 8,873 | 8,131 |
| 38 | 6,402 | 6,207 | 2,342 | 4,319 | 8,792 | 8,059 |
| 39 | 6,382 | 6,165 | 2,368 | 4,300 | 8,713 | 7,990 |
| 40 | 6,362 | 6,125 | 2,393 | 4,282 | 8,637 | 7,924 |
| 41 | 6,343 | 6,086 | 2,416 | 4,264 | 8,564 | 7,860 |
| 42 | 6,325 | 6,049 | 2,439 | 4,247 | 8,494 | 7,799 |
| 43 | 6,307 | 6,014 | 2,461 | 4,230 | 8,427 | 7,741 |
| 44 | 6,290 | 5,980 | 2,482 | 4,214 | 8,363 | 7,685 |
| 45 | 6,273 | 5,947 | 2,503 | 4,199 | 8,301 | 7,631 |
| 46 | 6,258 | 5,916 | 2,522 | 4,184 | 8,241 | 7,579 |
| 47 | 6,242 | 5,885 | 2,541 | 4,169 | 8,184 | 7,530 |
| 48 | 6,228 | 5,856 | 2,559 | 4,155 | 8,129 | 7,482 |
| 49 | 6,214 | 5,828 | 2,576 | 4,142 | 8,075 | 7,436 |
| 50 | 6,200 | 5,801 | 2,593 | 4,129 | 8,024 | 7,391 |
| 51 | 6,187 | 5,775 | 2,609 | 4,116 | 7,975 | 7,349 |
| 52 | 6,174 | 5,750 | 2,625 | 4,104 | 7,928 | 7,308 |
| 53 | 6,162 | 5,726 | 2,640 | 4,092 | 7,882 | 7,268 |
| 54 | 6,150 | 5,703 | 2,655 | 4,080 | 7,838 | 7,230 |
| 55 | 6,138 | 5,680 | 2,669 | 4,069 | 7,796 | 7,193 |
| 56 | 6,127 | 5,658 | 2,682 | 4,058 | 7,754 | 7,158 |
| 57 | 6,116 | 5,637 | 2,695 | 4,048 | 7,715 | 7,123 |
| 58 | 6,106 | 5,617 | 2,708 | 4,038 | 7,677 | 7,090 |
| 59 | 6,096 | 5,597 | 2,721 | 4,028 | 7,639 | 7,058 |
| 60 | 6,086 | 5,578 | 2,732 | 4,019 | 7,604 | 7,027 |
| 61 | 6,077 | 5,560 | 2,744 | 4,009 | 7,569 | 6,997 |
| 62 | 6,067 | 5,542 | 2,755 | 4,001 | 7,535 | 6,968 |
| 63 | 6,059 | 5,525 | 2,766 | 3,992 | 7,503 | 6,940 |
| 64 | 6,050 | 5,508 | 2,777 | 3,983 | 7,471 | 6,912 |
| 65 | 6,042 | 5,492 | 2,787 | 3,975 | 7,441 | 6,886 |
| 66 | 6,033 | 5,476 | 2,797 | 3,967 | 7,411 | 6,860 |
| 67 | 6,025 | 5,461 | 2,806 | 3,960 | 7,383 | 6,835 |
| 68 | 6,018 | 5,446 | 2,816 | 3,952 | 7,355 | 6,811 |
| 69 | 6,010 | 5,431 | 2,825 | 3,945 | 7,328 | 6,788 |
| 70 | 6,003 | 5,417 | 2,834 | 3,938 | 7,301 | 6,765 |
| 71 | 5,996 | 5,404 | 2,842 | 3,931 | 7,276 | 6,743 |
| 72 | 5,989 | 5,390 | 2,851 | 3,925 | 7,251 | 6,721 |
| 73 | 5,982 | 5,377 | 2,859 | 3,918 | 7,227 | 6,700 |
| 74 | 5,976 | 5,365 | 2,867 | 3,912 | 7,203 | 6,680 |
| 75 | 5,970 | 5,353 | 2,875 | 3,906 | 7,180 | 6,660 |
| 76 | 5,963 | 5,341 | 2,882 | 3,900 | 7,158 | 6,641 |
| 77 | 5,957 | 5,329 | 2,889 | 3,894 | 7,136 | 6,622 |
| 78 | 5,952 | 5,318 | 2,897 | 3,888 | 7,115 | 6,603 |
| 79 | 5,946 | 5,307 | 2,903 | 3,883 | 7,095 | 6,586 |
| 80 | 5,940 | 5,296 | 2,910 | 3,877 | 7,075 | 6,568 |
| 81 | 5,935 | 5,286 | 2,917 | 3,872 | 7,055 | 6,551 |
| 82 | 5,930 | 5,275 | 2,923 | 3,867 | 7,036 | 6,535 |
| 83 | 5,924 | 5,265 | 2,930 | 3,862 | 7,017 | 6,518 |
| 84 | 5,919 | 5,256 | 2,936 | 3,857 | 6,999 | 6,503 |
| 85 | 5,914 | 5,246 | 2,942 | 3,852 | 6,981 | 6,487 |
| 86 | 5,910 | 5,237 | 2,948 | 3,847 | 6,964 | 6,472 |
| 87 | 5,905 | 5,228 | 2,954 | 3,843 | 6,947 | 6,457 |
| 88 | 5,900 | 5,219 | 2,959 | 3,838 | 6,931 | 6,443 |
| 89 | 5,896 | 5,210 | 2,965 | 3,834 | 6,914 | 6,429 |
| 90 | 5,891 | 5,202 | 2,970 | 3,830 | 6,899 | 6,415 |
| 91 | 5,887 | 5,194 | 2,975 | 3,825 | 6,883 | 6,402 |
| 92 | 5,883 | 5,185 | 2,980 | 3,821 | 6,868 | 6,389 |
| 93 | 5,879 | 5,177 | 2,985 | 3,817 | 6,853 | 6,376 |
| 94 | 5,875 | 5,170 | 2,990 | 3,813 | 6,839 | 6,363 |
| 95 | 5,871 | 5,162 | 2,995 | 3,810 | 6,825 | 6,351 |
| 96 | 5,867 | 5,155 | 3,000 | 3,806 | 6,811 | 6,339 |
| 97 | 5,863 | 5,147 | 3,005 | 3,802 | 6,797 | 6,327 |
| 98 | 5,859 | 5,140 | 3,009 | 3,799 | 6,784 | 6,316 |
| 99 | 5,856 | 5,133 | 3,014 | 3,795 | 6,771 | 6,304 |
| 100 | 5,852 | 5,126 | 3,018 | 3,792 | 6,758 | 6,293 |
| 101 | 5,849 | 5,120 | 3,022 | 3,788 | 6,745 | 6,282 |
| 102 | 5,845 | 5,113 | 3,026 | 3,785 | 6,733 | 6,272 |
| 103 | 5,842 | 5,107 | 3,030 | 3,782 | 6,721 | 6,261 |
| 104 | 5,839 | 5,100 | 3,034 | 3,778 | 6,709 | 6,251 |
| 105 | 5,835 | 5,094 | 3,038 | 3,775 | 6,698 | 6,241 |
| 106 | 5,832 | 5,088 | 3,042 | 3,772 | 6,686 | 6,231 |
| 107 | 5,829 | 5,082 | 3,046 | 3,769 | 6,675 | 6,221 |
| 108 | 5,826 | 5,076 | 3,050 | 3,766 | 6,664 | 6,212 |
| 109 | 5,823 | 5,070 | 3,053 | 3,763 | 6,653 | 6,202 |
| 110 | 5,820 | 5,065 | 3,057 | 3,761 | 6,643 | 6,193 |
| 111 | 5,817 | 5,059 | 3,061 | 3,758 | 6,633 | 6,184 |
| 112 | 5,814 | 5,054 | 3,064 | 3,755 | 6,622 | 6,175 |
| 113 | 5,812 | 5,048 | 3,068 | 3,752 | 6,612 | 6,167 |
| 114 | 5,809 | 5,043 | 3,071 | 3,750 | 6,603 | 6,158 |
| 115 | 5,806 | 5,038 | 3,074 | 3,747 | 6,593 | 6,150 |
| 116 | 5,804 | 5,033 | 3,077 | 3,744 | 6,584 | 6,142 |
| 117 | 5,801 | 5,028 | 3,081 | 3,742 | 6,574 | 6,134 |
| 118 | 5,798 | 5,023 | 3,084 | 3,739 | 6,565 | 6,126 |
| 119 | 5,796 | 5,018 | 3,087 | 3,737 | 6,556 | 6,118 |
| 120 | 5,793 | 5,013 | 3,090 | 3,735 | 6,547 | 6,110 |
| 121 | 5,791 | 5,009 | 3,093 | 3,732 | 6,539 | 6,103 |
| 122 | 5,789 | 5,004 | 3,096 | 3,730 | 6,530 | 6,095 |
| 123 | 5,786 | 5,000 | 3,099 | 3,728 | 6,522 | 6,088 |
| 124 | 5,784 | 4,995 | 3,101 | 3,725 | 6,513 | 6,081 |
| 125 | 5,782 | 4,991 | 3,104 | 3,723 | 6,505 | 6,074 |
| 126 | 5,779 | 4,986 | 3,107 | 3,721 | 6,497 | 6,067 |
| 127 | 5,777 | 4,982 | 3,110 | 3,719 | 6,489 | 6,060 |
| 128 | 5,775 | 4,978 | 3,112 | 3,717 | 6,481 | 6,053 |
| 129 | 5,773 | 4,974 | 3,115 | 3,715 | 6,474 | 6,046 |
| 130 | 5,771 | 4,970 | 3,117 | 3,713 | 6,466 | 6,040 |
| 131 | 5,769 | 4,966 | 3,120 | 3,711 | 6,459 | 6,033 |
| 132 | 5,767 | 4,962 | 3,122 | 3,709 | 6,452 | 6,027 |
| 133 | 5,765 | 4,958 | 3,125 | 3,707 | 6,444 | 6,021 |
| 134 | 5,763 | 4,954 | 3,127 | 3,705 | 6,437 | 6,015 |
| 135 | 5,761 | 4,951 | 3,130 | 3,703 | 6,430 | 6,009 |
| 136 | 5,759 | 4,947 | 3,132 | 3,701 | 6,423 | 6,003 |
| 137 | 5,757 | 4,943 | 3,134 | 3,699 | 6,417 | 5,997 |
| 138 | 5,755 | 4,940 | 3,137 | 3,697 | 6,410 | 5,991 |
| 139 | 5,753 | 4,936 | 3,139 | 3,696 | 6,403 | 5,985 |
| 140 | 5,751 | 4,933 | 3,141 | 3,694 | 6,397 | 5,980 |
| 141 | 5,750 | 4,929 | 3,143 | 3,692 | 6,391 | 5,974 |
| 142 | 5,748 | 4,926 | 3,145 | 3,690 | 6,384 | 5,969 |
| 143 | 5,746 | 4,923 | 3,148 | 3,689 | 6,378 | 5,963 |
| 144 | 5,744 | 4,919 | 3,150 | 3,687 | 6,372 | 5,958 |
| 145 | 5,743 | 4,916 | 3,152 | 3,685 | 6,366 | 5,953 |
| 146 | 5,741 | 4,913 | 3,154 | 3,684 | 6,360 | 5,948 |
| 147 | 5,739 | 4,910 | 3,156 | 3,682 | 6,354 | 5,942 |
| 148 | 5,738 | 4,907 | 3,158 | 3,681 | 6,348 | 5,937 |
| 149 | 5,736 | 4,903 | 3,160 | 3,679 | 6,343 | 5,932 |
| 150 | 5,735 | 4,900 | 3,162 | 3,678 | 6,337 | 5,927 |

Term to maturity (in years)

Indian rupee (in %)

Mexican peso (in %)

New Taiwan dollar (in %)

New Zealand dollar (in %)

Rand (in %)

Real (in %)

1

6,884

11,422

0,896

5,794

8,805

11,351

2

7,001

9,985

0,930

5,430

8,628

10,235

3

7,072

9,101

0,961

5,025

8,608

10,046

4

7,120

8,635

0,985

4,758

8,720

10,102

5

7,130

8,401

1,005

4,595

8,923

10,229

6

7,146

8,295

1,023

4,512

9,207

10,362

7

7,160

8,248

1,039

4,461

9,490

10,482

8

7,176

8,224

1,054

4,426

9,752

10,593

9

7,197

8,201

1,067

4,406

9,990

10,674

10

7,212

8,166

1,080

4,404

10,204

10,740

11

7,211

8,113

1,109

4,419

10,391

10,759

12

7,198

8,045

1,153

4,444

10,551

10,735

13

7,177

7,967

1,206

4,474

10,678

10,679

14

7,149

7,883

1,264

4,505

10,772

10,599

15

7,118

7,795

1,324

4,536

10,827

10,502

16

7,083

7,705

1,386

4,565

10,841

10,393

17

7,047

7,615

1,447

4,589

10,822

10,275

18

7,010

7,524

1,508

4,608

10,776

10,151

19

6,972

7,435

1,567

4,622

10,710

10,024

20

6,934

7,348

1,624

4,629

10,628

9,896

21

6,897

7,263

1,680

4,629

10,534

9,767

22

6,860

7,180

1,733

4,623

10,432

9,640

23

6,824

7,099

1,785

4,613

10,324

9,515

24

6,789

7,022

1,835

4,599

10,212

9,392

25

6,755

6,947

1,882

4,583

10,099

9,273

26

6,722

6,875

1,927

4,565

9,984

9,157

27

6,689

6,805

1,971

4,546

9,871

9,045

28

6,658

6,739

2,013

4,526

9,758

8,936

29

6,628

6,675

2,052

4,505

9,648

8,832

30

6,599

6,614

2,091

4,483

9,540

8,731

31

6,571

6,555

2,127

4,462

9,435

8,634

32

6,544

6,498

2,162

4,441

9,333

8,541

33

6,518

6,445

2,195

4,419

9,235

8,452

34

6,493

6,393

2,227

4,398

9,139

8,367

35

6,469

6,343

2,258

4,378

9,047

8,285

36

6,446

6,296

2,287

4,358

8,959

8,207

37

6,424

6,250

2,315

4,338

8,873

8,131

38

6,402

6,207

2,342

4,319

8,792

8,059

39

6,382

6,165

2,368

4,300

8,713

7,990

40

6,362

6,125

2,393

4,282

8,637

7,924

41

6,343

6,086

2,416

4,264

8,564

7,860

42

6,325

6,049

2,439

4,247

8,494

7,799

43

6,307

6,014

2,461

4,230

8,427

7,741

44

6,290

5,980

2,482

4,214

8,363

7,685

45

6,273

5,947

2,503

4,199

8,301

7,631

46

6,258

5,916

2,522

4,184

8,241

7,579

47

6,242

5,885

2,541

4,169

8,184

7,530

48

6,228

5,856

2,559

4,155

8,129

7,482

49

6,214

5,828

2,576

4,142

8,075

7,436

50

6,200

5,801

2,593

4,129

8,024

7,391

51

6,187

5,775

2,609

4,116

7,975

7,349

52

6,174

5,750

2,625

4,104

7,928

7,308

53

6,162

5,726

2,640

4,092

7,882

7,268

54

6,150

5,703

2,655

4,080

7,838

7,230

55

6,138

5,680

2,669

4,069

7,796

7,193

56

6,127

5,658

2,682

4,058

7,754

7,158

57

6,116

5,637

2,695

4,048

7,715

7,123

58

6,106

5,617

2,708

4,038

7,677

7,090

59

6,096

5,597

2,721

4,028

7,639

7,058

60

6,086

5,578

2,732

4,019

7,604

7,027

61

6,077

5,560

2,744

4,009

7,569

6,997

62

6,067

5,542

2,755

4,001

7,535

6,968

63

6,059

5,525

2,766

3,992

7,503

6,940

64

6,050

5,508

2,777

3,983

7,471

6,912

65

6,042

5,492

2,787

3,975

7,441

6,886

66

6,033

5,476

2,797

3,967

7,411

6,860

67

6,025

5,461

2,806

3,960

7,383

6,835

68

6,018

5,446

2,816

3,952

7,355

6,811

69

6,010

5,431

2,825

3,945

7,328

6,788

70

6,003

5,417

2,834

3,938

7,301

6,765

71

5,996

5,404

2,842

3,931

7,276

6,743

72

5,989

5,390

2,851

3,925

7,251

6,721

73

5,982

5,377

2,859

3,918

7,227

6,700

74

5,976

5,365

2,867

3,912

7,203

6,680

75

5,970

5,353

2,875

3,906

7,180

6,660

76

5,963

5,341

2,882

3,900

7,158

6,641

77

5,957

5,329

2,889

3,894

7,136

6,622

78

5,952

5,318

2,897

3,888

7,115

6,603

79

5,946

5,307

2,903

3,883

7,095

6,586

80

5,940

5,296

2,910

3,877

7,075

6,568

81

5,935

5,286

2,917

3,872

7,055

6,551

82

5,930

5,275

2,923

3,867

7,036

6,535

83

5,924

5,265

2,930

3,862

7,017

6,518

84

5,919

5,256

2,936

3,857

6,999

6,503

85

5,914

5,246

2,942

3,852

6,981

6,487

86

5,910

5,237

2,948

3,847

6,964

6,472

87

5,905

5,228

2,954

3,843

6,947

6,457

88

5,900

5,219

2,959

3,838

6,931

6,443

89

5,896

5,210

2,965

3,834

6,914

6,429

90

5,891

5,202

2,970

3,830

6,899

6,415

91

5,887

5,194

2,975

3,825

6,883

6,402

92

5,883

5,185

2,980

3,821

6,868

6,389

93

5,879

5,177

2,985

3,817

6,853

6,376

94

5,875

5,170

2,990

3,813

6,839

6,363

95

5,871

5,162

2,995

3,810

6,825

6,351

96

5,867

5,155

3,000

3,806

6,811

6,339

97

5,863

5,147

3,005

3,802

6,797

6,327

98

5,859

5,140

3,009

3,799

6,784

6,316

99

5,856

5,133

3,014

3,795

6,771

6,304

100

5,852

5,126

3,018

3,792

6,758

6,293

101

5,849

5,120

3,022

3,788

6,745

6,282

102

5,845

5,113

3,026

3,785

6,733

6,272

103

5,842

5,107

3,030

3,782

6,721

6,261

104

5,839

5,100

3,034

3,778

6,709

6,251

105

5,835

5,094

3,038

3,775

6,698

6,241

106

5,832

5,088

3,042

3,772

6,686

6,231

107

5,829

5,082

3,046

3,769

6,675

6,221

108

5,826

5,076

3,050

3,766

6,664

6,212

109

5,823

5,070

3,053

3,763

6,653

6,202

110

5,820

5,065

3,057

3,761

6,643

6,193

111

5,817

5,059

3,061

3,758

6,633

6,184

112

5,814

5,054

3,064

3,755

6,622

6,175

113

5,812

5,048

3,068

3,752

6,612

6,167

114

5,809

5,043

3,071

3,750

6,603

6,158

115

5,806

5,038

3,074

3,747

6,593

6,150

116

5,804

5,033

3,077

3,744

6,584

6,142

117

5,801

5,028

3,081

3,742

6,574

6,134

118

5,798

5,023

3,084

3,739

6,565

6,126

119

5,796

5,018

3,087

3,737

6,556

6,118

120

5,793

5,013

3,090

3,735

6,547

6,110

121

5,791

5,009

3,093

3,732

6,539

6,103

122

5,789

5,004

3,096

3,730

6,530

6,095

123

5,786

5,000

3,099

3,728

6,522

6,088

124

5,784

4,995

3,101

3,725

6,513

6,081

125

5,782

4,991

3,104

3,723

6,505

6,074

126

5,779

4,986

3,107

3,721

6,497

6,067

127

5,777

4,982

3,110

3,719

6,489

6,060

128

5,775

4,978

3,112

3,717

6,481

6,053

129

5,773

4,974

3,115

3,715

6,474

6,046

130

5,771

4,970

3,117

3,713

6,466

6,040

131

5,769

4,966

3,120

3,711

6,459

6,033

132

5,767

4,962

3,122

3,709

6,452

6,027

133

5,765

4,958

3,125

3,707

6,444

6,021

134

5,763

4,954

3,127

3,705

6,437

6,015

135

5,761

4,951

3,130

3,703

6,430

6,009

136

5,759

4,947

3,132

3,701

6,423

6,003

137

5,757

4,943

3,134

3,699

6,417

5,997

138

5,755

4,940

3,137

3,697

6,410

5,991

139

5,753

4,936

3,139

3,696

6,403

5,985

140

5,751

4,933

3,141

3,694

6,397

5,980

141

5,750

4,929

3,143

3,692

6,391

5,974

142

5,748

4,926

3,145

3,690

6,384

5,969

143

5,746

4,923

3,148

3,689

6,378

5,963

144

5,744

4,919

3,150

3,687

6,372

5,958

145

5,743

4,916

3,152

3,685

6,366

5,953

146

5,741

4,913

3,154

3,684

6,360

5,948

147

5,739

4,910

3,156

3,682

6,354

5,942

148

5,738

4,907

3,158

3,681

6,348

5,937

149

5,736

4,903

3,160

3,679

6,343

5,932

150

5,735

4,900

3,162

3,678

6,337

5,927

| Term to maturity (in years) | Renminbi-yuan (in %) | Ringgit (in %) | Russian rouble (in %) | Singapore dollar (in %) | South Korean won (in %) | Turkish lira (in %) |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,924 | 3,235 | 9,415 | 3,861 | 3,787 | 12,896 |
| 2 | 2,027 | 3,342 | 9,679 | 3,690 | 3,669 | 13,780 |
| 3 | 2,161 | 3,440 | 9,921 | 3,564 | 3,561 | 14,803 |
| 4 | 2,276 | 3,518 | 10,175 | 3,454 | 3,495 | 15,728 |
| 5 | 2,371 | 3,591 | 10,424 | 3,364 | 3,439 | 16,477 |
| 6 | 2,448 | 3,661 | 10,654 | 3,298 | 3,402 | 17,036 |
| 7 | 2,515 | 3,726 | 10,866 | 3,249 | 3,380 | 17,446 |
| 8 | 2,577 | 3,786 | 11,069 | 3,213 | 3,369 | 17,737 |
| 9 | 2,637 | 3,842 | 11,234 | 3,186 | 3,362 | 17,922 |
| 10 | 2,697 | 3,892 | 11,365 | 3,168 | 3,355 | 18,011 |
| 11 | 2,756 | 3,938 | 11,465 | 3,155 | 3,348 | 18,022 |
| 12 | 2,815 | 3,981 | 11,533 | 3,147 | 3,340 | 17,971 |
| 13 | 2,873 | 4,019 | 11,568 | 3,143 | 3,332 | 17,871 |
| 14 | 2,928 | 4,055 | 11,566 | 3,141 | 3,324 | 17,729 |
| 15 | 2,982 | 4,089 | 11,528 | 3,141 | 3,317 | 17,554 |
| 16 | 3,034 | 4,124 | 11,460 | 3,143 | 3,311 | 17,350 |
| 17 | 3,083 | 4,156 | 11,369 | 3,145 | 3,305 | 17,124 |
| 18 | 3,130 | 4,185 | 11,260 | 3,149 | 3,300 | 16,880 |
| 19 | 3,175 | 4,209 | 11,138 | 3,152 | 3,296 | 16,623 |
| 20 | 3,217 | 4,227 | 11,006 | 3,157 | 3,293 | 16,355 |
| 21 | 3,258 | 4,238 | 10,868 | 3,161 | 3,292 | 16,082 |
| 22 | 3,297 | 4,244 | 10,727 | 3,166 | 3,290 | 15,805 |
| 23 | 3,334 | 4,245 | 10,583 | 3,171 | 3,290 | 15,527 |
| 24 | 3,369 | 4,242 | 10,440 | 3,176 | 3,290 | 15,251 |
| 25 | 3,402 | 4,236 | 10,297 | 3,182 | 3,291 | 14,978 |
| 26 | 3,434 | 4,228 | 10,157 | 3,187 | 3,292 | 14,710 |
| 27 | 3,465 | 4,219 | 10,019 | 3,192 | 3,293 | 14,449 |
| 28 | 3,494 | 4,208 | 9,885 | 3,197 | 3,294 | 14,194 |
| 29 | 3,522 | 4,196 | 9,754 | 3,202 | 3,296 | 13,948 |
| 30 | 3,548 | 4,184 | 9,628 | 3,207 | 3,298 | 13,709 |
| 31 | 3,574 | 4,170 | 9,506 | 3,212 | 3,300 | 13,479 |
| 32 | 3,598 | 4,157 | 9,388 | 3,217 | 3,302 | 13,258 |
| 33 | 3,621 | 4,144 | 9,274 | 3,221 | 3,304 | 13,045 |
| 34 | 3,643 | 4,130 | 9,165 | 3,226 | 3,306 | 12,841 |
| 35 | 3,664 | 4,116 | 9,060 | 3,230 | 3,308 | 12,645 |
| 36 | 3,685 | 4,103 | 8,960 | 3,235 | 3,310 | 12,458 |
| 37 | 3,704 | 4,090 | 8,863 | 3,239 | 3,313 | 12,278 |
| 38 | 3,723 | 4,077 | 8,770 | 3,243 | 3,315 | 12,106 |
| 39 | 3,741 | 4,064 | 8,681 | 3,247 | 3,317 | 11,942 |
| 40 | 3,758 | 4,051 | 8,596 | 3,251 | 3,319 | 11,784 |
| 41 | 3,774 | 4,039 | 8,514 | 3,255 | 3,321 | 11,633 |
| 42 | 3,790 | 4,027 | 8,435 | 3,258 | 3,323 | 11,489 |
| 43 | 3,805 | 4,016 | 8,360 | 3,262 | 3,325 | 11,350 |
| 44 | 3,820 | 4,005 | 8,288 | 3,265 | 3,327 | 11,218 |
| 45 | 3,834 | 3,994 | 8,218 | 3,269 | 3,329 | 11,090 |
| 46 | 3,848 | 3,983 | 8,151 | 3,272 | 3,331 | 10,968 |
| 47 | 3,861 | 3,973 | 8,087 | 3,275 | 3,333 | 10,851 |
| 48 | 3,873 | 3,963 | 8,026 | 3,278 | 3,335 | 10,739 |
| 49 | 3,885 | 3,953 | 7,966 | 3,281 | 3,337 | 10,631 |
| 50 | 3,897 | 3,944 | 7,909 | 3,284 | 3,339 | 10,527 |
| 51 | 3,908 | 3,935 | 7,854 | 3,287 | 3,341 | 10,427 |
| 52 | 3,919 | 3,926 | 7,801 | 3,290 | 3,342 | 10,331 |
| 53 | 3,930 | 3,917 | 7,750 | 3,293 | 3,344 | 10,239 |
| 54 | 3,940 | 3,909 | 7,701 | 3,295 | 3,346 | 10,150 |
| 55 | 3,950 | 3,901 | 7,654 | 3,298 | 3,347 | 10,064 |
| 56 | 3,959 | 3,893 | 7,608 | 3,300 | 3,349 | 9,981 |
| 57 | 3,969 | 3,886 | 7,564 | 3,303 | 3,350 | 9,901 |
| 58 | 3,978 | 3,879 | 7,521 | 3,305 | 3,352 | 9,824 |
| 59 | 3,986 | 3,871 | 7,480 | 3,307 | 3,353 | 9,750 |
| 60 | 3,994 | 3,865 | 7,440 | 3,309 | 3,355 | 9,678 |
| 61 | 4,003 | 3,858 | 7,401 | 3,311 | 3,356 | 9,608 |
| 62 | 4,010 | 3,852 | 7,364 | 3,314 | 3,358 | 9,541 |
| 63 | 4,018 | 3,845 | 7,328 | 3,316 | 3,359 | 9,475 |
| 64 | 4,025 | 3,839 | 7,293 | 3,318 | 3,360 | 9,412 |
| 65 | 4,033 | 3,833 | 7,259 | 3,319 | 3,361 | 9,351 |
| 66 | 4,040 | 3,828 | 7,226 | 3,321 | 3,363 | 9,292 |
| 67 | 4,046 | 3,822 | 7,194 | 3,323 | 3,364 | 9,234 |
| 68 | 4,053 | 3,817 | 7,163 | 3,325 | 3,365 | 9,178 |
| 69 | 4,059 | 3,811 | 7,133 | 3,327 | 3,366 | 9,124 |
| 70 | 4,066 | 3,806 | 7,103 | 3,328 | 3,367 | 9,072 |
| 71 | 4,072 | 3,801 | 7,075 | 3,330 | 3,368 | 9,021 |
| 72 | 4,078 | 3,796 | 7,047 | 3,332 | 3,369 | 8,971 |
| 73 | 4,083 | 3,792 | 7,020 | 3,333 | 3,371 | 8,923 |
| 74 | 4,089 | 3,787 | 6,994 | 3,335 | 3,372 | 8,876 |
| 75 | 4,094 | 3,783 | 6,969 | 3,336 | 3,373 | 8,830 |
| 76 | 4,100 | 3,778 | 6,944 | 3,338 | 3,374 | 8,785 |
| 77 | 4,105 | 3,774 | 6,920 | 3,339 | 3,374 | 8,742 |
| 78 | 4,110 | 3,770 | 6,896 | 3,340 | 3,375 | 8,700 |
| 79 | 4,115 | 3,766 | 6,873 | 3,342 | 3,376 | 8,659 |
| 80 | 4,119 | 3,762 | 6,851 | 3,343 | 3,377 | 8,619 |
| 81 | 4,124 | 3,758 | 6,829 | 3,344 | 3,378 | 8,580 |
| 82 | 4,129 | 3,754 | 6,808 | 3,346 | 3,379 | 8,542 |
| 83 | 4,133 | 3,751 | 6,787 | 3,347 | 3,380 | 8,505 |
| 84 | 4,137 | 3,747 | 6,767 | 3,348 | 3,381 | 8,468 |
| 85 | 4,142 | 3,743 | 6,747 | 3,349 | 3,381 | 8,433 |
| 86 | 4,146 | 3,740 | 6,728 | 3,350 | 3,382 | 8,398 |
| 87 | 4,150 | 3,737 | 6,709 | 3,352 | 3,383 | 8,365 |
| 88 | 4,154 | 3,733 | 6,691 | 3,353 | 3,384 | 8,332 |
| 89 | 4,158 | 3,730 | 6,673 | 3,354 | 3,384 | 8,299 |
| 90 | 4,162 | 3,727 | 6,655 | 3,355 | 3,385 | 8,268 |
| 91 | 4,165 | 3,724 | 6,638 | 3,356 | 3,386 | 8,237 |
| 92 | 4,169 | 3,721 | 6,621 | 3,357 | 3,387 | 8,207 |
| 93 | 4,172 | 3,718 | 6,605 | 3,358 | 3,387 | 8,177 |
| 94 | 4,176 | 3,715 | 6,588 | 3,359 | 3,388 | 8,149 |
| 95 | 4,179 | 3,713 | 6,573 | 3,360 | 3,388 | 8,120 |
| 96 | 4,183 | 3,710 | 6,557 | 3,361 | 3,389 | 8,093 |
| 97 | 4,186 | 3,707 | 6,542 | 3,362 | 3,390 | 8,066 |
| 98 | 4,189 | 3,705 | 6,527 | 3,363 | 3,390 | 8,039 |
| 99 | 4,192 | 3,702 | 6,513 | 3,363 | 3,391 | 8,013 |
| 100 | 4,195 | 3,699 | 6,499 | 3,364 | 3,392 | 7,988 |
| 101 | 4,198 | 3,697 | 6,485 | 3,365 | 3,392 | 7,963 |
| 102 | 4,201 | 3,695 | 6,471 | 3,366 | 3,393 | 7,938 |
| 103 | 4,204 | 3,692 | 6,458 | 3,367 | 3,393 | 7,915 |
| 104 | 4,207 | 3,690 | 6,444 | 3,368 | 3,394 | 7,891 |
| 105 | 4,210 | 3,688 | 6,431 | 3,368 | 3,394 | 7,868 |
| 106 | 4,213 | 3,685 | 6,419 | 3,369 | 3,395 | 7,845 |
| 107 | 4,215 | 3,683 | 6,406 | 3,370 | 3,395 | 7,823 |
| 108 | 4,218 | 3,681 | 6,394 | 3,371 | 3,396 | 7,802 |
| 109 | 4,220 | 3,679 | 6,382 | 3,371 | 3,396 | 7,780 |
| 110 | 4,223 | 3,677 | 6,371 | 3,372 | 3,397 | 7,759 |
| 111 | 4,225 | 3,675 | 6,359 | 3,373 | 3,397 | 7,739 |
| 112 | 4,228 | 3,673 | 6,348 | 3,373 | 3,398 | 7,718 |
| 113 | 4,230 | 3,671 | 6,337 | 3,374 | 3,398 | 7,699 |
| 114 | 4,233 | 3,669 | 6,326 | 3,375 | 3,399 | 7,679 |
| 115 | 4,235 | 3,667 | 6,315 | 3,375 | 3,399 | 7,660 |
| 116 | 4,237 | 3,665 | 6,305 | 3,376 | 3,400 | 7,641 |
| 117 | 4,240 | 3,663 | 6,294 | 3,377 | 3,400 | 7,623 |
| 118 | 4,242 | 3,661 | 6,284 | 3,377 | 3,400 | 7,605 |
| 119 | 4,244 | 3,660 | 6,274 | 3,378 | 3,401 | 7,587 |
| 120 | 4,246 | 3,658 | 6,264 | 3,378 | 3,401 | 7,569 |
| 121 | 4,248 | 3,656 | 6,254 | 3,379 | 3,402 | 7,552 |
| 122 | 4,250 | 3,654 | 6,245 | 3,380 | 3,402 | 7,535 |
| 123 | 4,252 | 3,653 | 6,236 | 3,380 | 3,402 | 7,518 |
| 124 | 4,254 | 3,651 | 6,226 | 3,381 | 3,403 | 7,502 |
| 125 | 4,256 | 3,650 | 6,217 | 3,381 | 3,403 | 7,486 |
| 126 | 4,258 | 3,648 | 6,208 | 3,382 | 3,404 | 7,470 |
| 127 | 4,260 | 3,646 | 6,200 | 3,382 | 3,404 | 7,454 |
| 128 | 4,262 | 3,645 | 6,191 | 3,383 | 3,404 | 7,439 |
| 129 | 4,264 | 3,643 | 6,183 | 3,383 | 3,405 | 7,423 |
| 130 | 4,266 | 3,642 | 6,174 | 3,384 | 3,405 | 7,409 |
| 131 | 4,267 | 3,640 | 6,166 | 3,384 | 3,405 | 7,394 |
| 132 | 4,269 | 3,639 | 6,158 | 3,385 | 3,406 | 7,379 |
| 133 | 4,271 | 3,637 | 6,150 | 3,385 | 3,406 | 7,365 |
| 134 | 4,273 | 3,636 | 6,142 | 3,386 | 3,406 | 7,351 |
| 135 | 4,274 | 3,635 | 6,134 | 3,386 | 3,407 | 7,337 |
| 136 | 4,276 | 3,633 | 6,127 | 3,387 | 3,407 | 7,324 |
| 137 | 4,277 | 3,632 | 6,119 | 3,387 | 3,407 | 7,310 |
| 138 | 4,279 | 3,631 | 6,112 | 3,388 | 3,408 | 7,297 |
| 139 | 4,281 | 3,629 | 6,104 | 3,388 | 3,408 | 7,284 |
| 140 | 4,282 | 3,628 | 6,097 | 3,389 | 3,408 | 7,271 |
| 141 | 4,284 | 3,627 | 6,090 | 3,389 | 3,408 | 7,258 |
| 142 | 4,285 | 3,626 | 6,083 | 3,390 | 3,409 | 7,246 |
| 143 | 4,287 | 3,624 | 6,076 | 3,390 | 3,409 | 7,234 |
| 144 | 4,288 | 3,623 | 6,069 | 3,390 | 3,409 | 7,221 |
| 145 | 4,290 | 3,622 | 6,063 | 3,391 | 3,410 | 7,210 |
| 146 | 4,291 | 3,621 | 6,056 | 3,391 | 3,410 | 7,198 |
| 147 | 4,293 | 3,620 | 6,049 | 3,392 | 3,410 | 7,186 |
| 148 | 4,294 | 3,618 | 6,043 | 3,392 | 3,410 | 7,175 |
| 149 | 4,295 | 3,617 | 6,037 | 3,392 | 3,411 | 7,163 |
| 150 | 4,297 | 3,616 | 6,030 | 3,393 | 3,411 | 7,152 |

Term to maturity (in years)

Renminbi-yuan (in %)

Ringgit (in %)

Russian rouble (in %)

Singapore dollar (in %)

South Korean won (in %)

Turkish lira (in %)

1

1,924

3,235

9,415

3,861

3,787

12,896

2

2,027

3,342

9,679

3,690

3,669

13,780

3

2,161

3,440

9,921

3,564

3,561

14,803

4

2,276

3,518

10,175

3,454

3,495

15,728

5

2,371

3,591

10,424

3,364

3,439

16,477

6

2,448

3,661

10,654

3,298

3,402

17,036

7

2,515

3,726

10,866

3,249

3,380

17,446

8

2,577

3,786

11,069

3,213

3,369

17,737

9

2,637

3,842

11,234

3,186

3,362

17,922

10

2,697

3,892

11,365

3,168

3,355

18,011

11

2,756

3,938

11,465

3,155

3,348

18,022

12

2,815

3,981

11,533

3,147

3,340

17,971

13

2,873

4,019

11,568

3,143

3,332

17,871

14

2,928

4,055

11,566

3,141

3,324

17,729

15

2,982

4,089

11,528

3,141

3,317

17,554

16

3,034

4,124

11,460

3,143

3,311

17,350

17

3,083

4,156

11,369

3,145

3,305

17,124

18

3,130

4,185

11,260

3,149

3,300

16,880

19

3,175

4,209

11,138

3,152

3,296

16,623

20

3,217

4,227

11,006

3,157

3,293

16,355

21

3,258

4,238

10,868

3,161

3,292

16,082

22

3,297

4,244

10,727

3,166

3,290

15,805

23

3,334

4,245

10,583

3,171

3,290

15,527

24

3,369

4,242

10,440

3,176

3,290

15,251

25

3,402

4,236

10,297

3,182

3,291

14,978

26

3,434

4,228

10,157

3,187

3,292

14,710

27

3,465

4,219

10,019

3,192

3,293

14,449

28

3,494

4,208

9,885

3,197

3,294

14,194

29

3,522

4,196

9,754

3,202

3,296

13,948

30

3,548

4,184

9,628

3,207

3,298

13,709

31

3,574

4,170

9,506

3,212

3,300

13,479

32

3,598

4,157

9,388

3,217

3,302

13,258

33

3,621

4,144

9,274

3,221

3,304

13,045

34

3,643

4,130

9,165

3,226

3,306

12,841

35

3,664

4,116

9,060

3,230

3,308

12,645

36

3,685

4,103

8,960

3,235

3,310

12,458

37

3,704

4,090

8,863

3,239

3,313

12,278

38

3,723

4,077

8,770

3,243

3,315

12,106

39

3,741

4,064

8,681

3,247

3,317

11,942

40

3,758

4,051

8,596

3,251

3,319

11,784

41

3,774

4,039

8,514

3,255

3,321

11,633

42

3,790

4,027

8,435

3,258

3,323

11,489

43

3,805

4,016

8,360

3,262

3,325

11,350

44

3,820

4,005

8,288

3,265

3,327

11,218

45

3,834

3,994

8,218

3,269

3,329

11,090

46

3,848

3,983

8,151

3,272

3,331

10,968

47

3,861

3,973

8,087

3,275

3,333

10,851

48

3,873

3,963

8,026

3,278

3,335

10,739

49

3,885

3,953

7,966

3,281

3,337

10,631

50

3,897

3,944

7,909

3,284

3,339

10,527

51

3,908

3,935

7,854

3,287

3,341

10,427

52

3,919

3,926

7,801

3,290

3,342

10,331

53

3,930

3,917

7,750

3,293

3,344

10,239

54

3,940

3,909

7,701

3,295

3,346

10,150

55

3,950

3,901

7,654

3,298

3,347

10,064

56

3,959

3,893

7,608

3,300

3,349

9,981

57

3,969

3,886

7,564

3,303

3,350

9,901

58

3,978

3,879

7,521

3,305

3,352

9,824

59

3,986

3,871

7,480

3,307

3,353

9,750

60

3,994

3,865

7,440

3,309

3,355

9,678

61

4,003

3,858

7,401

3,311

3,356

9,608

62

4,010

3,852

7,364

3,314

3,358

9,541

63

4,018

3,845

7,328

3,316

3,359

9,475

64

4,025

3,839

7,293

3,318

3,360

9,412

65

4,033

3,833

7,259

3,319

3,361

9,351

66

4,040

3,828

7,226

3,321

3,363

9,292

67

4,046

3,822

7,194

3,323

3,364

9,234

68

4,053

3,817

7,163

3,325

3,365

9,178

69

4,059

3,811

7,133

3,327

3,366

9,124

70

4,066

3,806

7,103

3,328

3,367

9,072

71

4,072

3,801

7,075

3,330

3,368

9,021

72

4,078

3,796

7,047

3,332

3,369

8,971

73

4,083

3,792

7,020

3,333

3,371

8,923

74

4,089

3,787

6,994

3,335

3,372

8,876

75

4,094

3,783

6,969

3,336

3,373

8,830

76

4,100

3,778

6,944

3,338

3,374

8,785

77

4,105

3,774

6,920

3,339

3,374

8,742

78

4,110

3,770

6,896

3,340

3,375

8,700

79

4,115

3,766

6,873

3,342

3,376

8,659

80

4,119

3,762

6,851

3,343

3,377

8,619

81

4,124

3,758

6,829

3,344

3,378

8,580

82

4,129

3,754

6,808

3,346

3,379

8,542

83

4,133

3,751

6,787

3,347

3,380

8,505

84

4,137

3,747

6,767

3,348

3,381

8,468

85

4,142

3,743

6,747

3,349

3,381

8,433

86

4,146

3,740

6,728

3,350

3,382

8,398

87

4,150

3,737

6,709

3,352

3,383

8,365

88

4,154

3,733

6,691

3,353

3,384

8,332

89

4,158

3,730

6,673

3,354

3,384

8,299

90

4,162

3,727

6,655

3,355

3,385

8,268

91

4,165

3,724

6,638

3,356

3,386

8,237

92

4,169

3,721

6,621

3,357

3,387

8,207

93

4,172

3,718

6,605

3,358

3,387

8,177

94

4,176

3,715

6,588

3,359

3,388

8,149

95

4,179

3,713

6,573

3,360

3,388

8,120

96

4,183

3,710

6,557

3,361

3,389

8,093

97

4,186

3,707

6,542

3,362

3,390

8,066

98

4,189

3,705

6,527

3,363

3,390

8,039

99

4,192

3,702

6,513

3,363

3,391

8,013

100

4,195

3,699

6,499

3,364

3,392

7,988

101

4,198

3,697

6,485

3,365

3,392

7,963

102

4,201

3,695

6,471

3,366

3,393

7,938

103

4,204

3,692

6,458

3,367

3,393

7,915

104

4,207

3,690

6,444

3,368

3,394

7,891

105

4,210

3,688

6,431

3,368

3,394

7,868

106

4,213

3,685

6,419

3,369

3,395

7,845

107

4,215

3,683

6,406

3,370

3,395

7,823

108

4,218

3,681

6,394

3,371

3,396

7,802

109

4,220

3,679

6,382

3,371

3,396

7,780

110

4,223

3,677

6,371

3,372

3,397

7,759

111

4,225

3,675

6,359

3,373

3,397

7,739

112

4,228

3,673

6,348

3,373

3,398

7,718

113

4,230

3,671

6,337

3,374

3,398

7,699

114

4,233

3,669

6,326

3,375

3,399

7,679

115

4,235

3,667

6,315

3,375

3,399

7,660

116

4,237

3,665

6,305

3,376

3,400

7,641

117

4,240

3,663

6,294

3,377

3,400

7,623

118

4,242

3,661

6,284

3,377

3,400

7,605

119

4,244

3,660

6,274

3,378

3,401

7,587

120

4,246

3,658

6,264

3,378

3,401

7,569

121

4,248

3,656

6,254

3,379

3,402

7,552

122

4,250

3,654

6,245

3,380

3,402

7,535

123

4,252

3,653

6,236

3,380

3,402

7,518

124

4,254

3,651

6,226

3,381

3,403

7,502

125

4,256

3,650

6,217

3,381

3,403

7,486

126

4,258

3,648

6,208

3,382

3,404

7,470

127

4,260

3,646

6,200

3,382

3,404

7,454

128

4,262

3,645

6,191

3,383

3,404

7,439

129

4,264

3,643

6,183

3,383

3,405

7,423

130

4,266

3,642

6,174

3,384

3,405

7,409

131

4,267

3,640

6,166

3,384

3,405

7,394

132

4,269

3,639

6,158

3,385

3,406

7,379

133

4,271

3,637

6,150

3,385

3,406

7,365

134

4,273

3,636

6,142

3,386

3,406

7,351

135

4,274

3,635

6,134

3,386

3,407

7,337

136

4,276

3,633

6,127

3,387

3,407

7,324

137

4,277

3,632

6,119

3,387

3,407

7,310

138

4,279

3,631

6,112

3,388

3,408

7,297

139

4,281

3,629

6,104

3,388

3,408

7,284

140

4,282

3,628

6,097

3,389

3,408

7,271

141

4,284

3,627

6,090

3,389

3,408

7,258

142

4,285

3,626

6,083

3,390

3,409

7,246

143

4,287

3,624

6,076

3,390

3,409

7,234

144

4,288

3,623

6,069

3,390

3,409

7,221

145

4,290

3,622

6,063

3,391

3,410

7,210

146

4,291

3,621

6,056

3,391

3,410

7,198

147

4,293

3,620

6,049

3,392

3,410

7,186

148

4,294

3,618

6,043

3,392

3,410

7,175

149

4,295

3,617

6,037

3,392

3,411

7,163

150

4,297

3,616

6,030

3,393

3,411

7,152

| Term to maturity (in years) | US dollar (in %) | Yen (in %) |
| --- | --- | --- |
| 1 | 5,379 | -0,007 |
| 2 | 4,788 | 0,063 |
| 3 | 4,357 | 0,118 |
| 4 | 4,069 | 0,165 |
| 5 | 3,882 | 0,223 |
| 6 | 3,756 | 0,294 |
| 7 | 3,667 | 0,369 |
| 8 | 3,602 | 0,442 |
| 9 | 3,555 | 0,508 |
| 10 | 3,521 | 0,568 |
| 11 | 3,498 | 0,623 |
| 12 | 3,484 | 0,673 |
| 13 | 3,475 | 0,721 |
| 14 | 3,467 | 0,766 |
| 15 | 3,460 | 0,810 |
| 16 | 3,452 | 0,851 |
| 17 | 3,441 | 0,890 |
| 18 | 3,426 | 0,925 |
| 19 | 3,406 | 0,957 |
| 20 | 3,379 | 0,984 |
| 21 | 3,347 | 1,006 |
| 22 | 3,310 | 1,023 |
| 23 | 3,272 | 1,036 |
| 24 | 3,235 | 1,044 |
| 25 | 3,198 | 1,047 |
| 26 | 3,164 | 1,047 |
| 27 | 3,133 | 1,045 |
| 28 | 3,106 | 1,046 |
| 29 | 3,083 | 1,052 |
| 30 | 3,064 | 1,065 |
| 31 | 3,049 | 1,085 |
| 32 | 3,039 | 1,112 |
| 33 | 3,031 | 1,143 |
| 34 | 3,026 | 1,177 |
| 35 | 3,023 | 1,214 |
| 36 | 3,022 | 1,252 |
| 37 | 3,022 | 1,291 |
| 38 | 3,024 | 1,331 |
| 39 | 3,026 | 1,371 |
| 40 | 3,029 | 1,410 |
| 41 | 3,033 | 1,450 |
| 42 | 3,037 | 1,489 |
| 43 | 3,042 | 1,527 |
| 44 | 3,047 | 1,564 |
| 45 | 3,052 | 1,601 |
| 46 | 3,057 | 1,637 |
| 47 | 3,063 | 1,672 |
| 48 | 3,068 | 1,706 |
| 49 | 3,074 | 1,739 |
| 50 | 3,079 | 1,771 |
| 51 | 3,085 | 1,802 |
| 52 | 3,090 | 1,832 |
| 53 | 3,096 | 1,862 |
| 54 | 3,101 | 1,890 |
| 55 | 3,107 | 1,918 |
| 56 | 3,112 | 1,945 |
| 57 | 3,117 | 1,971 |
| 58 | 3,122 | 1,996 |
| 59 | 3,127 | 2,021 |
| 60 | 3,132 | 2,045 |
| 61 | 3,136 | 2,068 |
| 62 | 3,141 | 2,090 |
| 63 | 3,146 | 2,112 |
| 64 | 3,150 | 2,133 |
| 65 | 3,154 | 2,154 |
| 66 | 3,159 | 2,174 |
| 67 | 3,163 | 2,193 |
| 68 | 3,167 | 2,212 |
| 69 | 3,171 | 2,230 |
| 70 | 3,174 | 2,248 |
| 71 | 3,178 | 2,266 |
| 72 | 3,182 | 2,283 |
| 73 | 3,185 | 2,299 |
| 74 | 3,189 | 2,315 |
| 75 | 3,192 | 2,331 |
| 76 | 3,196 | 2,346 |
| 77 | 3,199 | 2,361 |
| 78 | 3,202 | 2,375 |
| 79 | 3,205 | 2,389 |
| 80 | 3,208 | 2,403 |
| 81 | 3,211 | 2,417 |
| 82 | 3,214 | 2,430 |
| 83 | 3,217 | 2,443 |
| 84 | 3,219 | 2,455 |
| 85 | 3,222 | 2,467 |
| 86 | 3,225 | 2,479 |
| 87 | 3,227 | 2,491 |
| 88 | 3,230 | 2,502 |
| 89 | 3,232 | 2,513 |
| 90 | 3,235 | 2,524 |
| 91 | 3,237 | 2,535 |
| 92 | 3,239 | 2,545 |
| 93 | 3,242 | 2,556 |
| 94 | 3,244 | 2,566 |
| 95 | 3,246 | 2,575 |
| 96 | 3,248 | 2,585 |
| 97 | 3,250 | 2,594 |
| 98 | 3,252 | 2,604 |
| 99 | 3,254 | 2,613 |
| 100 | 3,256 | 2,621 |
| 101 | 3,258 | 2,630 |
| 102 | 3,260 | 2,639 |
| 103 | 3,262 | 2,647 |
| 104 | 3,264 | 2,655 |
| 105 | 3,265 | 2,663 |
| 106 | 3,267 | 2,671 |
| 107 | 3,269 | 2,679 |
| 108 | 3,270 | 2,686 |
| 109 | 3,272 | 2,694 |
| 110 | 3,274 | 2,701 |
| 111 | 3,275 | 2,708 |
| 112 | 3,277 | 2,715 |
| 113 | 3,278 | 2,722 |
| 114 | 3,280 | 2,729 |
| 115 | 3,281 | 2,736 |
| 116 | 3,283 | 2,742 |
| 117 | 3,284 | 2,749 |
| 118 | 3,286 | 2,755 |
| 119 | 3,287 | 2,761 |
| 120 | 3,288 | 2,767 |
| 121 | 3,290 | 2,773 |
| 122 | 3,291 | 2,779 |
| 123 | 3,292 | 2,785 |
| 124 | 3,294 | 2,791 |
| 125 | 3,295 | 2,797 |
| 126 | 3,296 | 2,802 |
| 127 | 3,297 | 2,808 |
| 128 | 3,298 | 2,813 |
| 129 | 3,300 | 2,818 |
| 130 | 3,301 | 2,823 |
| 131 | 3,302 | 2,829 |
| 132 | 3,303 | 2,834 |
| 133 | 3,304 | 2,839 |
| 134 | 3,305 | 2,844 |
| 135 | 3,306 | 2,848 |
| 136 | 3,307 | 2,853 |
| 137 | 3,308 | 2,858 |
| 138 | 3,309 | 2,863 |
| 139 | 3,310 | 2,867 |
| 140 | 3,311 | 2,872 |
| 141 | 3,312 | 2,876 |
| 142 | 3,313 | 2,880 |
| 143 | 3,314 | 2,885 |
| 144 | 3,315 | 2,889 |
| 145 | 3,316 | 2,893 |
| 146 | 3,317 | 2,897 |
| 147 | 3,318 | 2,902 |
| 148 | 3,319 | 2,906 |
| 149 | 3,320 | 2,910 |
| 150 | 3,321 | 2,913 |

Term to maturity (in years)

US dollar (in %)

Yen (in %)

1

5,379

-0,007

2

4,788

0,063

3

4,357

0,118

4

4,069

0,165

5

3,882

0,223

6

3,756

0,294

7

3,667

0,369

8

3,602

0,442

9

3,555

0,508

10

3,521

0,568

11

3,498

0,623

12

3,484

0,673

13

3,475

0,721

14

3,467

0,766

15

3,460

0,810

16

3,452

0,851

17

3,441

0,890

18

3,426

0,925

19

3,406

0,957

20

3,379

0,984

21

3,347

1,006

22

3,310

1,023

23

3,272

1,036

24

3,235

1,044

25

3,198

1,047

26

3,164

1,047

27

3,133

1,045

28

3,106

1,046

29

3,083

1,052

30

3,064

1,065

31

3,049

1,085

32

3,039

1,112

33

3,031

1,143

34

3,026

1,177

35

3,023

1,214

36

3,022

1,252

37

3,022

1,291

38

3,024

1,331

39

3,026

1,371

40

3,029

1,410

41

3,033

1,450

42

3,037

1,489

43

3,042

1,527

44

3,047

1,564

45

3,052

1,601

46

3,057

1,637

47

3,063

1,672

48

3,068

1,706

49

3,074

1,739

50

3,079

1,771

51

3,085

1,802

52

3,090

1,832

53

3,096

1,862

54

3,101

1,890

55

3,107

1,918

56

3,112

1,945

57

3,117

1,971

58

3,122

1,996

59

3,127

2,021

60

3,132

2,045

61

3,136

2,068

62

3,141

2,090

63

3,146

2,112

64

3,150

2,133

65

3,154

2,154

66

3,159

2,174

67

3,163

2,193

68

3,167

2,212

69

3,171

2,230

70

3,174

2,248

71

3,178

2,266

72

3,182

2,283

73

3,185

2,299

74

3,189

2,315

75

3,192

2,331

76

3,196

2,346

77

3,199

2,361

78

3,202

2,375

79

3,205

2,389

80

3,208

2,403

81

3,211

2,417

82

3,214

2,430

83

3,217

2,443

84

3,219

2,455

85

3,222

2,467

86

3,225

2,479

87

3,227

2,491

88

3,230

2,502

89

3,232

2,513

90

3,235

2,524

91

3,237

2,535

92

3,239

2,545

93

3,242

2,556

94

3,244

2,566

95

3,246

2,575

96

3,248

2,585

97

3,250

2,594

98

3,252

2,604

99

3,254

2,613

100

3,256

2,621

101

3,258

2,630

102

3,260

2,639

103

3,262

2,647

104

3,264

2,655

105

3,265

2,663

106

3,267

2,671

107

3,269

2,679

108

3,270

2,686

109

3,272

2,694

110

3,274

2,701

111

3,275

2,708

112

3,277

2,715

113

3,278

2,722

114

3,280

2,729

115

3,281

2,736

116

3,283

2,742

117

3,284

2,749

118

3,286

2,755

119

3,287

2,761

120

3,288

2,767

121

3,290

2,773

122

3,291

2,779

123

3,292

2,785

124

3,294

2,791

125

3,295

2,797

126

3,296

2,802

127

3,297

2,808

128

3,298

2,813

129

3,300

2,818

130

3,301

2,823

131

3,302

2,829

132

3,303

2,834

133

3,304

2,839

134

3,305

2,844

135

3,306

2,848

136

3,307

2,853

137

3,308

2,858

138

3,309

2,863

139

3,310

2,867

140

3,311

2,872

141

3,312

2,876

142

3,313

2,880

143

3,314

2,885

144

3,315

2,889

145

3,316

2,893

146

3,317

2,897

147

3,318

2,902

148

3,319

2,906

149

3,320

2,910

150

3,321

2,913

---

ANNEX II

Fundamental spreads for the calculation of the matching adjustment

The fundamental spreads set out in this Annex are expressed in basis points and do not include any increase in accordance with Article 77c(1)(c) of Directive 2009/138/EC.

1.   EXPOSURES TO CENTRAL GOVERNMENTS AND CENTRAL BANKS

The fundamental spreads apply to exposures denominated in all currencies.

The fundamental spreads for durations from 11 to 30 years are equal to the fundamental spreads for duration 10 years.

| Duration (in years) | Austria | Belgium | Bulgaria | Croatia | Czech Republic | Cyprus | Denmark |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 27 | 5 | 0 | 21 | 0 |
| 2 | 0 | 0 | 35 | 5 | 0 | 35 | 0 |
| 3 | 0 | 0 | 40 | 5 | 0 | 40 | 0 |
| 4 | 0 | 1 | 43 | 5 | 2 | 42 | 0 |
| 5 | 0 | 2 | 47 | 5 | 3 | 45 | 0 |
| 6 | 0 | 3 | 50 | 5 | 5 | 47 | 0 |
| 7 | 1 | 4 | 53 | 5 | 8 | 49 | 0 |
| 8 | 2 | 5 | 54 | 5 | 10 | 49 | 0 |
| 9 | 2 | 6 | 56 | 5 | 11 | 47 | 0 |
| 10 | 3 | 7 | 58 | 5 | 12 | 46 | 0 |

Duration (in years)

Austria

Belgium

Bulgaria

Croatia

Czech Republic

Cyprus

Denmark

1

0

0

27

5

0

21

0

2

0

0

35

5

0

35

0

3

0

0

40

5

0

40

0

4

0

1

43

5

2

42

0

5

0

2

47

5

3

45

0

6

0

3

50

5

5

47

0

7

1

4

53

5

8

49

0

8

2

5

54

5

10

49

0

9

2

6

56

5

11

47

0

10

3

7

58

5

12

46

0

| Duration (in years) | Estonia | Finland | France | Germany | Greece | Hungary | Ireland |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 0 | 0 | 347 | 4 | 13 |
| 2 | 0 | 0 | 0 | 0 | 217 | 4 | 18 |
| 3 | 0 | 0 | 0 | 0 | 193 | 4 | 21 |
| 4 | 1 | 0 | 0 | 0 | 170 | 4 | 22 |
| 5 | 2 | 0 | 0 | 0 | 156 | 4 | 23 |
| 6 | 3 | 0 | 0 | 0 | 154 | 4 | 24 |
| 7 | 4 | 0 | 0 | 0 | 152 | 4 | 25 |
| 8 | 5 | 0 | 1 | 0 | 156 | 3 | 26 |
| 9 | 6 | 0 | 2 | 0 | 158 | 1 | 27 |
| 10 | 7 | 0 | 3 | 0 | 160 | 4 | 27 |

Duration (in years)

Estonia

Finland

France

Germany

Greece

Hungary

Ireland

1

0

0

0

0

347

4

13

2

0

0

0

0

217

4

18

3

0

0

0

0

193

4

21

4

1

0

0

0

170

4

22

5

2

0

0

0

156

4

23

6

3

0

0

0

154

4

24

7

4

0

0

0

152

4

25

8

5

0

1

0

156

3

26

9

6

0

2

0

158

1

27

10

7

0

3

0

160

4

27

| Duration (in years) | Italy | Latvia | Lithuania | Luxembourg | Malta | Netherlands | Poland |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 3 | 4 | 0 | 13 | 0 | 4 |
| 2 | 14 | 8 | 10 | 0 | 19 | 0 | 4 |
| 3 | 18 | 11 | 13 | 0 | 21 | 0 | 4 |
| 4 | 21 | 13 | 15 | 0 | 22 | 0 | 4 |
| 5 | 23 | 15 | 17 | 0 | 23 | 0 | 4 |
| 6 | 25 | 17 | 19 | 0 | 25 | 0 | 4 |
| 7 | 27 | 18 | 20 | 0 | 25 | 0 | 4 |
| 8 | 29 | 19 | 22 | 0 | 27 | 0 | 4 |
| 9 | 30 | 20 | 23 | 1 | 27 | 0 | 4 |
| 10 | 32 | 21 | 24 | 1 | 27 | 0 | 4 |

Duration (in years)

Italy

Latvia

Lithuania

Luxembourg

Malta

Netherlands

Poland

1

6

3

4

0

13

0

4

2

14

8

10

0

19

0

4

3

18

11

13

0

21

0

4

4

21

13

15

0

22

0

4

5

23

15

17

0

23

0

4

6

25

17

19

0

25

0

4

7

27

18

20

0

25

0

4

8

29

19

22

0

27

0

4

9

30

20

23

1

27

0

4

10

32

21

24

1

27

0

4

| Duration (in years) | Portugal | Romania | Slovakia | Slovenia | Spain | Sweden | United Kingdom |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 21 | 8 | 10 | 14 | 4 | 0 | 0 |
| 2 | 35 | 15 | 13 | 17 | 10 | 0 | 0 |
| 3 | 40 | 17 | 15 | 22 | 13 | 0 | 0 |
| 4 | 42 | 18 | 17 | 26 | 15 | 0 | 0 |
| 5 | 45 | 19 | 18 | 29 | 17 | 0 | 0 |
| 6 | 47 | 21 | 19 | 33 | 19 | 0 | 0 |
| 7 | 49 | 22 | 21 | 34 | 20 | 0 | 0 |
| 8 | 49 | 23 | 22 | 36 | 22 | 0 | 0 |
| 9 | 47 | 24 | 22 | 36 | 23 | 0 | 0 |
| 10 | 46 | 22 | 23 | 37 | 24 | 0 | 0 |

Duration (in years)

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

United Kingdom

1

21

8

10

14

4

0

0

2

35

15

13

17

10

0

0

3

40

17

15

22

13

0

0

4

42

18

17

26

15

0

0

5

45

19

18

29

17

0

0

6

47

21

19

33

19

0

0

7

49

22

21

34

20

0

0

8

49

23

22

36

22

0

0

9

47

24

22

36

23

0

0

10

46

22

23

37

24

0

0

| Duration (in years) | Iceland | Liechtenstein | Norway | Switzerland | Australia | Brazil | Canada |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 2 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 3 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 4 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 5 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 6 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 7 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 8 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 9 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 10 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |

Duration (in years)

Iceland

Liechtenstein

Norway

Switzerland

Australia

Brazil

Canada

1

5

0

0

0

0

12

0

2

5

0

0

0

0

12

0

3

5

0

0

0

0

12

0

4

5

0

0

0

0

12

0

5

5

0

0

0

0

12

0

6

5

0

0

0

0

12

0

7

5

0

0

0

0

12

0

8

5

0

0

0

0

12

0

9

5

0

0

0

0

12

0

10

5

0

0

0

0

12

0

| Duration (in years) | Chile | China | Colombia | Hong Kong | India | Japan | Malaysia |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 16 | 0 | 11 | 0 | 10 | 0 | 0 |
| 2 | 18 | 1 | 17 | 0 | 10 | 0 | 0 |
| 3 | 17 | 2 | 27 | 0 | 10 | 0 | 0 |
| 4 | 16 | 3 | 33 | 0 | 10 | 0 | 0 |
| 5 | 15 | 3 | 35 | 0 | 10 | 0 | 0 |
| 6 | 14 | 3 | 38 | 0 | 10 | 0 | 0 |
| 7 | 13 | 4 | 39 | 0 | 10 | 0 | 0 |
| 8 | 14 | 7 | 38 | 0 | 10 | 0 | 0 |
| 9 | 15 | 5 | 35 | 0 | 10 | 0 | 0 |
| 10 | 13 | 5 | 37 | 0 | 10 | 1 | 0 |

Duration (in years)

Chile

China

Colombia

Hong Kong

India

Japan

Malaysia

1

16

0

11

0

10

0

0

2

18

1

17

0

10

0

0

3

17

2

27

0

10

0

0

4

16

3

33

0

10

0

0

5

15

3

35

0

10

0

0

6

14

3

38

0

10

0

0

7

13

4

39

0

10

0

0

8

14

7

38

0

10

0

0

9

15

5

35

0

10

0

0

10

13

5

37

0

10

1

0

| Duration (in years) | Mexico | New Zealand | Russia | Singapore | South Africa | South Korea | Thailand |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 0 | 0 | 0 | 7 | 8 | 1 |
| 2 | 9 | 0 | 0 | 0 | 10 | 11 | 0 |
| 3 | 10 | 0 | 0 | 0 | 11 | 11 | 0 |
| 4 | 10 | 0 | 0 | 0 | 13 | 13 | 0 |
| 5 | 11 | 0 | 2 | 0 | 13 | 15 | 0 |
| 6 | 10 | 0 | 5 | 0 | 15 | 15 | 0 |
| 7 | 10 | 0 | 7 | 0 | 17 | 15 | 0 |
| 8 | 10 | 0 | 11 | 0 | 19 | 15 | 0 |
| 9 | 10 | 0 | 16 | 0 | 20 | 15 | 0 |
| 10 | 10 | 0 | 16 | 0 | 22 | 15 | 0 |

Duration (in years)

Mexico

New Zealand

Russia

Singapore

South Africa

South Korea

Thailand

1

8

0

0

0

7

8

1

2

9

0

0

0

10

11

0

3

10

0

0

0

11

11

0

4

10

0

0

0

13

13

0

5

11

0

2

0

13

15

0

6

10

0

5

0

15

15

0

7

10

0

7

0

17

15

0

8

10

0

11

0

19

15

0

9

10

0

16

0

20

15

0

10

10

0

16

0

22

15

0

| Duration (in years) | Taiwan | Turkey | United States |
| --- | --- | --- | --- |
| 1 | 4 | 0 | 0 |
| 2 | 4 | 0 | 0 |
| 3 | 4 | 0 | 0 |
| 4 | 4 | 0 | 0 |
| 5 | 4 | 0 | 0 |
| 6 | 4 | 0 | 0 |
| 7 | 4 | 0 | 0 |
| 8 | 4 | 0 | 0 |
| 9 | 4 | 0 | 0 |
| 10 | 4 | 0 | 0 |

Duration (in years)

Taiwan

Turkey

United States

1

4

0

0

2

4

0

0

3

4

0

0

4

4

0

0

5

4

0

0

6

4

0

0

7

4

0

0

8

4

0

0

9

4

0

0

10

4

0

0

2.   EXPOSURES TO FINANCIAL INSTITUTIONS

2.1.   Euro

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 19 | 42 | 109 | 224 | 509 | 1 252 |
| 2 | 6 | 19 | 42 | 109 | 224 | 509 | 1 007 |
| 3 | 7 | 21 | 43 | 104 | 221 | 505 | 820 |
| 4 | 9 | 24 | 46 | 107 | 220 | 504 | 678 |
| 5 | 10 | 26 | 51 | 110 | 219 | 504 | 569 |
| 6 | 11 | 28 | 54 | 115 | 219 | 504 | 504 |
| 7 | 12 | 30 | 56 | 117 | 219 | 504 | 504 |
| 8 | 12 | 31 | 56 | 116 | 219 | 504 | 504 |
| 9 | 13 | 32 | 56 | 116 | 219 | 504 | 504 |
| 10 | 13 | 33 | 57 | 115 | 219 | 504 | 504 |
| 11 | 14 | 34 | 57 | 116 | 219 | 504 | 504 |
| 12 | 14 | 35 | 57 | 116 | 219 | 504 | 504 |
| 13 | 14 | 35 | 57 | 116 | 219 | 504 | 504 |
| 14 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 15 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 16 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 17 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 18 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 19 | 15 | 36 | 57 | 116 | 219 | 504 | 504 |
| 20 | 16 | 36 | 57 | 116 | 219 | 504 | 504 |
| 21 | 16 | 36 | 57 | 116 | 219 | 504 | 504 |
| 22 | 18 | 36 | 57 | 116 | 219 | 504 | 504 |
| 23 | 18 | 36 | 57 | 116 | 219 | 504 | 504 |
| 24 | 19 | 36 | 57 | 116 | 219 | 504 | 504 |
| 25 | 19 | 36 | 57 | 116 | 219 | 504 | 504 |
| 26 | 20 | 36 | 57 | 116 | 219 | 504 | 504 |
| 27 | 21 | 36 | 57 | 116 | 219 | 504 | 504 |
| 28 | 21 | 36 | 57 | 116 | 219 | 504 | 504 |
| 29 | 22 | 36 | 57 | 116 | 219 | 504 | 504 |
| 30 | 23 | 36 | 57 | 116 | 219 | 504 | 504 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

19

42

109

224

509

1 252

2

6

19

42

109

224

509

1 007

3

7

21

43

104

221

505

820

4

9

24

46

107

220

504

678

5

10

26

51

110

219

504

569

6

11

28

54

115

219

504

504

7

12

30

56

117

219

504

504

8

12

31

56

116

219

504

504

9

13

32

56

116

219

504

504

10

13

33

57

115

219

504

504

11

14

34

57

116

219

504

504

12

14

35

57

116

219

504

504

13

14

35

57

116

219

504

504

14

15

36

57

116

219

504

504

15

15

36

57

116

219

504

504

16

15

36

57

116

219

504

504

17

15

36

57

116

219

504

504

18

15

36

57

116

219

504

504

19

15

36

57

116

219

504

504

20

16

36

57

116

219

504

504

21

16

36

57

116

219

504

504

22

18

36

57

116

219

504

504

23

18

36

57

116

219

504

504

24

19

36

57

116

219

504

504

25

19

36

57

116

219

504

504

26

20

36

57

116

219

504

504

27

21

36

57

116

219

504

504

28

21

36

57

116

219

504

504

29

22

36

57

116

219

504

504

30

23

36

57

116

219

504

504

2.2.   Czech koruna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 18 | 31 | 54 | 122 | 236 | 521 | 1 302 |
| 2 | 20 | 33 | 55 | 123 | 237 | 522 | 1 038 |
| 3 | 21 | 35 | 57 | 118 | 234 | 518 | 841 |
| 4 | 22 | 37 | 59 | 120 | 232 | 517 | 694 |
| 5 | 22 | 38 | 63 | 122 | 232 | 516 | 582 |
| 6 | 23 | 40 | 66 | 126 | 231 | 515 | 515 |
| 7 | 23 | 41 | 67 | 128 | 230 | 515 | 515 |
| 8 | 22 | 41 | 66 | 126 | 229 | 514 | 514 |
| 9 | 22 | 41 | 65 | 125 | 229 | 513 | 513 |
| 10 | 22 | 42 | 65 | 124 | 228 | 513 | 513 |
| 11 | 22 | 42 | 65 | 124 | 228 | 512 | 512 |
| 12 | 22 | 42 | 64 | 123 | 227 | 512 | 512 |
| 13 | 21 | 42 | 64 | 122 | 226 | 511 | 511 |
| 14 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 15 | 21 | 42 | 63 | 122 | 225 | 510 | 510 |
| 16 | 20 | 41 | 62 | 121 | 225 | 510 | 510 |
| 17 | 20 | 41 | 62 | 121 | 225 | 510 | 510 |
| 18 | 20 | 41 | 62 | 121 | 225 | 510 | 510 |
| 19 | 20 | 41 | 62 | 121 | 225 | 510 | 510 |
| 20 | 20 | 42 | 63 | 121 | 225 | 510 | 510 |
| 21 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 22 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 23 | 21 | 42 | 63 | 122 | 226 | 511 | 511 |
| 24 | 21 | 42 | 63 | 122 | 226 | 511 | 511 |
| 25 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 26 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 27 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 28 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 29 | 23 | 42 | 63 | 122 | 225 | 510 | 510 |
| 30 | 24 | 42 | 63 | 121 | 225 | 510 | 510 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

18

31

54

122

236

521

1 302

2

20

33

55

123

237

522

1 038

3

21

35

57

118

234

518

841

4

22

37

59

120

232

517

694

5

22

38

63

122

232

516

582

6

23

40

66

126

231

515

515

7

23

41

67

128

230

515

515

8

22

41

66

126

229

514

514

9

22

41

65

125

229

513

513

10

22

42

65

124

228

513

513

11

22

42

65

124

228

512

512

12

22

42

64

123

227

512

512

13

21

42

64

122

226

511

511

14

21

42

63

122

226

510

510

15

21

42

63

122

225

510

510

16

20

41

62

121

225

510

510

17

20

41

62

121

225

510

510

18

20

41

62

121

225

510

510

19

20

41

62

121

225

510

510

20

20

42

63

121

225

510

510

21

21

42

63

122

226

510

510

22

21

42

63

122

226

510

510

23

21

42

63

122

226

511

511

24

21

42

63

122

226

511

511

25

21

42

63

122

226

510

510

26

21

42

63

122

226

510

510

27

21

42

63

122

226

510

510

28

21

42

63

122

226

510

510

29

23

42

63

122

225

510

510

30

24

42

63

121

225

510

510

2.3.   Danish krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 19 | 42 | 109 | 224 | 508 | 1 251 |
| 2 | 6 | 19 | 42 | 109 | 224 | 508 | 1 007 |
| 3 | 7 | 21 | 43 | 104 | 220 | 505 | 820 |
| 4 | 9 | 24 | 46 | 107 | 219 | 504 | 678 |
| 5 | 10 | 26 | 51 | 110 | 219 | 504 | 569 |
| 6 | 11 | 28 | 54 | 114 | 219 | 504 | 504 |
| 7 | 12 | 30 | 56 | 117 | 219 | 504 | 504 |
| 8 | 12 | 31 | 56 | 116 | 219 | 504 | 504 |
| 9 | 12 | 32 | 56 | 115 | 219 | 504 | 504 |
| 10 | 13 | 33 | 56 | 115 | 219 | 504 | 504 |
| 11 | 14 | 34 | 57 | 115 | 219 | 504 | 504 |
| 12 | 14 | 35 | 57 | 115 | 219 | 504 | 504 |
| 13 | 14 | 35 | 57 | 115 | 219 | 504 | 504 |
| 14 | 14 | 36 | 57 | 115 | 219 | 504 | 504 |
| 15 | 14 | 36 | 57 | 115 | 219 | 504 | 504 |
| 16 | 14 | 36 | 57 | 115 | 219 | 504 | 504 |
| 17 | 14 | 36 | 57 | 115 | 219 | 504 | 504 |
| 18 | 14 | 36 | 57 | 115 | 219 | 504 | 504 |
| 19 | 15 | 36 | 57 | 115 | 219 | 504 | 504 |
| 20 | 16 | 36 | 57 | 115 | 219 | 504 | 504 |
| 21 | 16 | 36 | 57 | 115 | 219 | 504 | 504 |
| 22 | 18 | 36 | 57 | 115 | 219 | 504 | 504 |
| 23 | 18 | 36 | 57 | 115 | 219 | 504 | 504 |
| 24 | 19 | 36 | 57 | 115 | 219 | 504 | 504 |
| 25 | 19 | 36 | 57 | 115 | 219 | 504 | 504 |
| 26 | 20 | 36 | 57 | 115 | 219 | 504 | 504 |
| 27 | 21 | 36 | 57 | 115 | 219 | 504 | 504 |
| 28 | 21 | 36 | 57 | 115 | 219 | 504 | 504 |
| 29 | 22 | 36 | 57 | 115 | 219 | 504 | 504 |
| 30 | 23 | 36 | 57 | 115 | 219 | 504 | 504 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

19

42

109

224

508

1 251

2

6

19

42

109

224

508

1 007

3

7

21

43

104

220

505

820

4

9

24

46

107

219

504

678

5

10

26

51

110

219

504

569

6

11

28

54

114

219

504

504

7

12

30

56

117

219

504

504

8

12

31

56

116

219

504

504

9

12

32

56

115

219

504

504

10

13

33

56

115

219

504

504

11

14

34

57

115

219

504

504

12

14

35

57

115

219

504

504

13

14

35

57

115

219

504

504

14

14

36

57

115

219

504

504

15

14

36

57

115

219

504

504

16

14

36

57

115

219

504

504

17

14

36

57

115

219

504

504

18

14

36

57

115

219

504

504

19

15

36

57

115

219

504

504

20

16

36

57

115

219

504

504

21

16

36

57

115

219

504

504

22

18

36

57

115

219

504

504

23

18

36

57

115

219

504

504

24

19

36

57

115

219

504

504

25

19

36

57

115

219

504

504

26

20

36

57

115

219

504

504

27

21

36

57

115

219

504

504

28

21

36

57

115

219

504

504

29

22

36

57

115

219

504

504

30

23

36

57

115

219

504

504

2.4.   Forint

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 80 | 93 | 115 | 183 | 297 | 582 | 1 368 |
| 2 | 76 | 89 | 112 | 179 | 294 | 579 | 1 095 |
| 3 | 80 | 94 | 115 | 176 | 293 | 577 | 888 |
| 4 | 79 | 94 | 116 | 177 | 290 | 574 | 732 |
| 5 | 78 | 94 | 119 | 178 | 288 | 572 | 612 |
| 6 | 78 | 95 | 121 | 181 | 286 | 571 | 571 |
| 7 | 77 | 95 | 121 | 182 | 284 | 569 | 569 |
| 8 | 76 | 95 | 120 | 180 | 283 | 568 | 568 |
| 9 | 75 | 95 | 119 | 178 | 282 | 567 | 567 |
| 10 | 73 | 93 | 116 | 175 | 279 | 564 | 564 |
| 11 | 71 | 91 | 114 | 173 | 277 | 561 | 561 |
| 12 | 70 | 91 | 113 | 172 | 275 | 560 | 560 |
| 13 | 70 | 91 | 112 | 171 | 275 | 559 | 559 |
| 14 | 70 | 91 | 112 | 171 | 274 | 559 | 559 |
| 15 | 69 | 90 | 112 | 170 | 274 | 559 | 559 |
| 16 | 69 | 90 | 111 | 170 | 274 | 558 | 558 |
| 17 | 68 | 90 | 111 | 169 | 273 | 558 | 558 |
| 18 | 68 | 89 | 110 | 169 | 273 | 558 | 558 |
| 19 | 67 | 88 | 110 | 168 | 272 | 557 | 557 |
| 20 | 67 | 88 | 109 | 168 | 272 | 556 | 556 |
| 21 | 66 | 87 | 108 | 167 | 271 | 556 | 556 |
| 22 | 65 | 87 | 108 | 166 | 270 | 555 | 555 |
| 23 | 64 | 86 | 107 | 165 | 269 | 554 | 554 |
| 24 | 63 | 85 | 106 | 164 | 268 | 553 | 553 |
| 25 | 62 | 84 | 105 | 163 | 267 | 552 | 552 |
| 26 | 61 | 83 | 104 | 162 | 266 | 551 | 551 |
| 27 | 60 | 82 | 103 | 161 | 265 | 550 | 550 |
| 28 | 59 | 81 | 102 | 160 | 264 | 549 | 549 |
| 29 | 58 | 79 | 100 | 159 | 263 | 548 | 548 |
| 30 | 57 | 78 | 99 | 158 | 262 | 547 | 547 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

80

93

115

183

297

582

1 368

2

76

89

112

179

294

579

1 095

3

80

94

115

176

293

577

888

4

79

94

116

177

290

574

732

5

78

94

119

178

288

572

612

6

78

95

121

181

286

571

571

7

77

95

121

182

284

569

569

8

76

95

120

180

283

568

568

9

75

95

119

178

282

567

567

10

73

93

116

175

279

564

564

11

71

91

114

173

277

561

561

12

70

91

113

172

275

560

560

13

70

91

112

171

275

559

559

14

70

91

112

171

274

559

559

15

69

90

112

170

274

559

559

16

69

90

111

170

274

558

558

17

68

90

111

169

273

558

558

18

68

89

110

169

273

558

558

19

67

88

110

168

272

557

557

20

67

88

109

168

272

556

556

21

66

87

108

167

271

556

556

22

65

87

108

166

270

555

555

23

64

86

107

165

269

554

554

24

63

85

106

164

268

553

553

25

62

84

105

163

267

552

552

26

61

83

104

162

266

551

551

27

60

82

103

161

265

550

550

28

59

81

102

160

264

549

549

29

58

79

100

159

263

548

548

30

57

78

99

158

262

547

547

2.5.   Krona

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 10 | 23 | 46 | 114 | 228 | 513 | 1 254 |
| 2 | 12 | 25 | 47 | 115 | 230 | 514 | 1 009 |
| 3 | 14 | 28 | 50 | 111 | 227 | 512 | 822 |
| 4 | 16 | 31 | 53 | 114 | 227 | 511 | 679 |
| 5 | 17 | 34 | 58 | 117 | 227 | 511 | 570 |
| 6 | 18 | 36 | 62 | 122 | 227 | 511 | 511 |
| 7 | 19 | 37 | 63 | 124 | 226 | 511 | 511 |
| 8 | 19 | 38 | 63 | 123 | 226 | 511 | 511 |
| 9 | 19 | 38 | 62 | 122 | 226 | 510 | 510 |
| 10 | 19 | 39 | 62 | 121 | 225 | 510 | 510 |
| 11 | 19 | 40 | 63 | 121 | 225 | 510 | 510 |
| 12 | 20 | 41 | 63 | 121 | 225 | 510 | 510 |
| 13 | 20 | 41 | 63 | 121 | 225 | 510 | 510 |
| 14 | 20 | 42 | 63 | 121 | 225 | 510 | 510 |
| 15 | 21 | 42 | 63 | 122 | 225 | 510 | 510 |
| 16 | 20 | 42 | 63 | 121 | 225 | 510 | 510 |
| 17 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 18 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 19 | 21 | 42 | 63 | 122 | 226 | 511 | 511 |
| 20 | 22 | 43 | 64 | 123 | 227 | 511 | 511 |
| 21 | 22 | 43 | 64 | 123 | 227 | 512 | 512 |
| 22 | 22 | 44 | 65 | 123 | 227 | 512 | 512 |
| 23 | 23 | 44 | 65 | 124 | 227 | 512 | 512 |
| 24 | 23 | 44 | 65 | 124 | 227 | 512 | 512 |
| 25 | 23 | 44 | 65 | 124 | 227 | 512 | 512 |
| 26 | 23 | 44 | 65 | 124 | 227 | 512 | 512 |
| 27 | 22 | 44 | 65 | 123 | 227 | 512 | 512 |
| 28 | 22 | 44 | 65 | 123 | 227 | 512 | 512 |
| 29 | 22 | 43 | 64 | 123 | 227 | 512 | 512 |
| 30 | 23 | 43 | 64 | 123 | 227 | 512 | 512 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

10

23

46

114

228

513

1 254

2

12

25

47

115

230

514

1 009

3

14

28

50

111

227

512

822

4

16

31

53

114

227

511

679

5

17

34

58

117

227

511

570

6

18

36

62

122

227

511

511

7

19

37

63

124

226

511

511

8

19

38

63

123

226

511

511

9

19

38

62

122

226

510

510

10

19

39

62

121

225

510

510

11

19

40

63

121

225

510

510

12

20

41

63

121

225

510

510

13

20

41

63

121

225

510

510

14

20

42

63

121

225

510

510

15

21

42

63

122

225

510

510

16

20

42

63

121

225

510

510

17

21

42

63

122

226

510

510

18

21

42

63

122

226

510

510

19

21

42

63

122

226

511

511

20

22

43

64

123

227

511

511

21

22

43

64

123

227

512

512

22

22

44

65

123

227

512

512

23

23

44

65

124

227

512

512

24

23

44

65

124

227

512

512

25

23

44

65

124

227

512

512

26

23

44

65

124

227

512

512

27

22

44

65

123

227

512

512

28

22

44

65

123

227

512

512

29

22

43

64

123

227

512

512

30

23

43

64

123

227

512

512

2.6.   Lev

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 5 | 18 | 41 | 109 | 223 | 508 | 1 251 |
| 2 | 5 | 18 | 41 | 109 | 223 | 508 | 1 006 |
| 3 | 7 | 21 | 42 | 103 | 220 | 504 | 819 |
| 4 | 8 | 23 | 45 | 106 | 219 | 503 | 677 |
| 5 | 9 | 25 | 50 | 109 | 219 | 503 | 569 |
| 6 | 10 | 27 | 54 | 114 | 219 | 503 | 503 |
| 7 | 12 | 30 | 55 | 116 | 219 | 503 | 503 |
| 8 | 12 | 30 | 55 | 115 | 219 | 503 | 503 |
| 9 | 12 | 31 | 55 | 115 | 219 | 503 | 503 |
| 10 | 12 | 32 | 56 | 115 | 219 | 503 | 503 |
| 11 | 13 | 33 | 56 | 115 | 219 | 503 | 503 |
| 12 | 13 | 34 | 56 | 115 | 219 | 503 | 503 |
| 13 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 14 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 15 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 16 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 17 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 18 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 19 | 15 | 35 | 56 | 115 | 219 | 503 | 503 |
| 20 | 16 | 35 | 56 | 115 | 219 | 503 | 503 |
| 21 | 16 | 35 | 56 | 115 | 219 | 503 | 503 |
| 22 | 18 | 35 | 56 | 115 | 219 | 503 | 503 |
| 23 | 18 | 35 | 56 | 115 | 219 | 503 | 503 |
| 24 | 19 | 35 | 56 | 115 | 219 | 503 | 503 |
| 25 | 19 | 35 | 56 | 115 | 219 | 503 | 503 |
| 26 | 20 | 35 | 56 | 115 | 219 | 503 | 503 |
| 27 | 21 | 35 | 56 | 115 | 219 | 503 | 503 |
| 28 | 21 | 35 | 56 | 115 | 219 | 503 | 503 |
| 29 | 22 | 35 | 56 | 115 | 219 | 503 | 503 |
| 30 | 23 | 35 | 56 | 115 | 219 | 503 | 503 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

5

18

41

109

223

508

1 251

2

5

18

41

109

223

508

1 006

3

7

21

42

103

220

504

819

4

8

23

45

106

219

503

677

5

9

25

50

109

219

503

569

6

10

27

54

114

219

503

503

7

12

30

55

116

219

503

503

8

12

30

55

115

219

503

503

9

12

31

55

115

219

503

503

10

12

32

56

115

219

503

503

11

13

33

56

115

219

503

503

12

13

34

56

115

219

503

503

13

14

35

56

115

219

503

503

14

14

35

56

115

219

503

503

15

14

35

56

115

219

503

503

16

14

35

56

115

219

503

503

17

14

35

56

115

219

503

503

18

14

35

56

115

219

503

503

19

15

35

56

115

219

503

503

20

16

35

56

115

219

503

503

21

16

35

56

115

219

503

503

22

18

35

56

115

219

503

503

23

18

35

56

115

219

503

503

24

19

35

56

115

219

503

503

25

19

35

56

115

219

503

503

26

20

35

56

115

219

503

503

27

21

35

56

115

219

503

503

28

21

35

56

115

219

503

503

29

22

35

56

115

219

503

503

30

23

35

56

115

219

503

503

2.7.   Pound sterling

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 7 | 24 | 52 | 139 | 242 | 527 | 1 291 |
| 2 | 7 | 24 | 52 | 139 | 242 | 527 | 1 040 |
| 3 | 8 | 26 | 52 | 127 | 239 | 523 | 847 |
| 4 | 10 | 28 | 54 | 119 | 237 | 521 | 699 |
| 5 | 12 | 30 | 56 | 110 | 236 | 520 | 586 |
| 6 | 14 | 34 | 59 | 104 | 235 | 519 | 519 |
| 7 | 16 | 36 | 60 | 98 | 233 | 518 | 518 |
| 8 | 18 | 38 | 59 | 92 | 232 | 517 | 517 |
| 9 | 20 | 44 | 62 | 87 | 231 | 516 | 516 |
| 10 | 20 | 44 | 61 | 85 | 231 | 515 | 515 |
| 11 | 19 | 43 | 59 | 85 | 230 | 514 | 514 |
| 12 | 19 | 43 | 60 | 87 | 229 | 514 | 514 |
| 13 | 19 | 43 | 60 | 87 | 228 | 513 | 513 |
| 14 | 19 | 43 | 60 | 87 | 228 | 512 | 512 |
| 15 | 19 | 43 | 60 | 87 | 227 | 512 | 512 |
| 16 | 19 | 43 | 60 | 87 | 226 | 510 | 510 |
| 17 | 19 | 44 | 60 | 87 | 225 | 510 | 510 |
| 18 | 19 | 44 | 60 | 87 | 224 | 509 | 509 |
| 19 | 19 | 44 | 60 | 87 | 224 | 509 | 509 |
| 20 | 19 | 44 | 60 | 87 | 225 | 509 | 509 |
| 21 | 19 | 44 | 60 | 87 | 225 | 509 | 509 |
| 22 | 19 | 44 | 60 | 87 | 224 | 509 | 509 |
| 23 | 19 | 44 | 60 | 87 | 224 | 509 | 509 |
| 24 | 19 | 44 | 60 | 87 | 223 | 508 | 508 |
| 25 | 20 | 44 | 60 | 87 | 223 | 507 | 507 |
| 26 | 20 | 44 | 60 | 87 | 222 | 507 | 507 |
| 27 | 21 | 44 | 60 | 87 | 221 | 506 | 506 |
| 28 | 21 | 44 | 60 | 87 | 221 | 506 | 506 |
| 29 | 23 | 44 | 60 | 87 | 220 | 505 | 505 |
| 30 | 24 | 44 | 60 | 87 | 220 | 505 | 505 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

7

24

52

139

242

527

1 291

2

7

24

52

139

242

527

1 040

3

8

26

52

127

239

523

847

4

10

28

54

119

237

521

699

5

12

30

56

110

236

520

586

6

14

34

59

104

235

519

519

7

16

36

60

98

233

518

518

8

18

38

59

92

232

517

517

9

20

44

62

87

231

516

516

10

20

44

61

85

231

515

515

11

19

43

59

85

230

514

514

12

19

43

60

87

229

514

514

13

19

43

60

87

228

513

513

14

19

43

60

87

228

512

512

15

19

43

60

87

227

512

512

16

19

43

60

87

226

510

510

17

19

44

60

87

225

510

510

18

19

44

60

87

224

509

509

19

19

44

60

87

224

509

509

20

19

44

60

87

225

509

509

21

19

44

60

87

225

509

509

22

19

44

60

87

224

509

509

23

19

44

60

87

224

509

509

24

19

44

60

87

223

508

508

25

20

44

60

87

223

507

507

26

20

44

60

87

222

507

507

27

21

44

60

87

221

506

506

28

21

44

60

87

221

506

506

29

23

44

60

87

220

505

505

30

24

44

60

87

220

505

505

2.8.   Romanian leu

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 84 | 97 | 119 | 187 | 302 | 586 | 1 293 |
| 2 | 83 | 95 | 118 | 186 | 300 | 585 | 1 044 |
| 3 | 83 | 97 | 118 | 180 | 296 | 580 | 854 |
| 4 | 82 | 97 | 120 | 181 | 293 | 578 | 709 |
| 5 | 82 | 98 | 123 | 182 | 291 | 576 | 597 |
| 6 | 81 | 98 | 124 | 185 | 289 | 574 | 574 |
| 7 | 80 | 98 | 124 | 185 | 287 | 572 | 572 |
| 8 | 78 | 97 | 122 | 182 | 285 | 570 | 570 |
| 9 | 76 | 96 | 120 | 179 | 283 | 568 | 568 |
| 10 | 76 | 96 | 119 | 178 | 282 | 567 | 567 |
| 11 | 75 | 95 | 118 | 177 | 281 | 565 | 565 |
| 12 | 74 | 95 | 117 | 175 | 279 | 564 | 564 |
| 13 | 73 | 94 | 115 | 174 | 278 | 562 | 562 |
| 14 | 71 | 93 | 114 | 172 | 276 | 561 | 561 |
| 15 | 70 | 91 | 112 | 171 | 275 | 560 | 560 |
| 16 | 69 | 90 | 111 | 170 | 274 | 559 | 559 |
| 17 | 68 | 89 | 110 | 169 | 273 | 558 | 558 |
| 18 | 67 | 88 | 109 | 168 | 272 | 557 | 557 |
| 19 | 66 | 88 | 109 | 167 | 271 | 556 | 556 |
| 20 | 66 | 87 | 108 | 167 | 270 | 555 | 555 |
| 21 | 65 | 86 | 107 | 166 | 269 | 554 | 554 |
| 22 | 64 | 85 | 106 | 165 | 268 | 553 | 553 |
| 23 | 63 | 84 | 105 | 164 | 267 | 552 | 552 |
| 24 | 61 | 83 | 104 | 162 | 266 | 551 | 551 |
| 25 | 60 | 82 | 103 | 161 | 265 | 550 | 550 |
| 26 | 59 | 80 | 101 | 160 | 264 | 549 | 549 |
| 27 | 58 | 79 | 100 | 159 | 263 | 548 | 548 |
| 28 | 57 | 78 | 99 | 158 | 262 | 547 | 547 |
| 29 | 56 | 77 | 98 | 157 | 261 | 545 | 545 |
| 30 | 55 | 76 | 97 | 156 | 260 | 544 | 544 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

84

97

119

187

302

586

1 293

2

83

95

118

186

300

585

1 044

3

83

97

118

180

296

580

854

4

82

97

120

181

293

578

709

5

82

98

123

182

291

576

597

6

81

98

124

185

289

574

574

7

80

98

124

185

287

572

572

8

78

97

122

182

285

570

570

9

76

96

120

179

283

568

568

10

76

96

119

178

282

567

567

11

75

95

118

177

281

565

565

12

74

95

117

175

279

564

564

13

73

94

115

174

278

562

562

14

71

93

114

172

276

561

561

15

70

91

112

171

275

560

560

16

69

90

111

170

274

559

559

17

68

89

110

169

273

558

558

18

67

88

109

168

272

557

557

19

66

88

109

167

271

556

556

20

66

87

108

167

270

555

555

21

65

86

107

166

269

554

554

22

64

85

106

165

268

553

553

23

63

84

105

164

267

552

552

24

61

83

104

162

266

551

551

25

60

82

103

161

265

550

550

26

59

80

101

160

264

549

549

27

58

79

100

159

263

548

548

28

57

78

99

158

262

547

547

29

56

77

98

157

261

545

545

30

55

76

97

156

260

544

544

2.9.   Zloty

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 57 | 70 | 92 | 160 | 275 | 559 | 1 288 |
| 2 | 56 | 69 | 92 | 159 | 274 | 559 | 1 037 |
| 3 | 57 | 71 | 93 | 154 | 270 | 554 | 846 |
| 4 | 57 | 72 | 95 | 156 | 268 | 553 | 700 |
| 5 | 57 | 74 | 98 | 157 | 267 | 551 | 589 |
| 6 | 57 | 74 | 100 | 160 | 265 | 550 | 550 |
| 7 | 57 | 75 | 101 | 162 | 264 | 549 | 549 |
| 8 | 56 | 74 | 100 | 159 | 263 | 547 | 547 |
| 9 | 54 | 74 | 98 | 157 | 261 | 546 | 546 |
| 10 | 54 | 74 | 97 | 156 | 260 | 545 | 545 |
| 11 | 54 | 74 | 97 | 156 | 259 | 544 | 544 |
| 12 | 53 | 74 | 96 | 155 | 259 | 543 | 543 |
| 13 | 53 | 74 | 95 | 154 | 258 | 543 | 543 |
| 14 | 53 | 74 | 95 | 153 | 257 | 542 | 542 |
| 15 | 52 | 73 | 94 | 153 | 257 | 541 | 541 |
| 16 | 51 | 72 | 93 | 152 | 256 | 541 | 541 |
| 17 | 51 | 72 | 93 | 152 | 255 | 540 | 540 |
| 18 | 50 | 71 | 92 | 151 | 255 | 540 | 540 |
| 19 | 50 | 71 | 92 | 151 | 255 | 539 | 539 |
| 20 | 50 | 71 | 92 | 151 | 254 | 539 | 539 |
| 21 | 49 | 70 | 91 | 150 | 254 | 539 | 539 |
| 22 | 49 | 70 | 91 | 150 | 254 | 538 | 538 |
| 23 | 48 | 69 | 90 | 149 | 253 | 538 | 538 |
| 24 | 48 | 69 | 90 | 149 | 252 | 537 | 537 |
| 25 | 47 | 68 | 89 | 148 | 252 | 536 | 536 |
| 26 | 46 | 67 | 88 | 147 | 251 | 536 | 536 |
| 27 | 45 | 67 | 88 | 146 | 250 | 535 | 535 |
| 28 | 45 | 66 | 87 | 146 | 250 | 534 | 534 |
| 29 | 44 | 65 | 86 | 145 | 249 | 534 | 534 |
| 30 | 43 | 64 | 86 | 144 | 248 | 533 | 533 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

57

70

92

160

275

559

1 288

2

56

69

92

159

274

559

1 037

3

57

71

93

154

270

554

846

4

57

72

95

156

268

553

700

5

57

74

98

157

267

551

589

6

57

74

100

160

265

550

550

7

57

75

101

162

264

549

549

8

56

74

100

159

263

547

547

9

54

74

98

157

261

546

546

10

54

74

97

156

260

545

545

11

54

74

97

156

259

544

544

12

53

74

96

155

259

543

543

13

53

74

95

154

258

543

543

14

53

74

95

153

257

542

542

15

52

73

94

153

257

541

541

16

51

72

93

152

256

541

541

17

51

72

93

152

255

540

540

18

50

71

92

151

255

540

540

19

50

71

92

151

255

539

539

20

50

71

92

151

254

539

539

21

49

70

91

150

254

539

539

22

49

70

91

150

254

538

538

23

48

69

90

149

253

538

538

24

48

69

90

149

252

537

537

25

47

68

89

148

252

536

536

26

46

67

88

147

251

536

536

27

45

67

88

146

250

535

535

28

45

66

87

146

250

534

534

29

44

65

86

145

249

534

534

30

43

64

86

144

248

533

533

2.10.   Króna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 91 | 104 | 126 | 194 | 308 | 593 | 1 345 |
| 2 | 90 | 103 | 126 | 194 | 308 | 593 | 1 078 |
| 3 | 90 | 104 | 126 | 187 | 303 | 588 | 875 |
| 4 | 90 | 105 | 128 | 188 | 301 | 586 | 722 |
| 5 | 91 | 107 | 131 | 190 | 300 | 585 | 605 |
| 6 | 91 | 108 | 134 | 194 | 299 | 584 | 584 |
| 7 | 92 | 110 | 136 | 197 | 299 | 584 | 584 |
| 8 | 92 | 111 | 136 | 196 | 299 | 584 | 584 |
| 9 | 92 | 111 | 136 | 195 | 299 | 584 | 584 |
| 10 | 93 | 113 | 136 | 195 | 299 | 584 | 584 |
| 11 | 93 | 113 | 136 | 195 | 299 | 583 | 583 |
| 12 | 93 | 113 | 135 | 194 | 298 | 583 | 583 |
| 13 | 92 | 113 | 134 | 193 | 297 | 582 | 582 |
| 14 | 91 | 112 | 133 | 192 | 296 | 581 | 581 |
| 15 | 90 | 111 | 132 | 191 | 295 | 580 | 580 |
| 16 | 89 | 110 | 131 | 190 | 294 | 578 | 578 |
| 17 | 88 | 109 | 130 | 189 | 293 | 577 | 577 |
| 18 | 87 | 108 | 129 | 188 | 292 | 576 | 576 |
| 19 | 86 | 107 | 128 | 187 | 291 | 575 | 575 |
| 20 | 85 | 106 | 127 | 186 | 290 | 574 | 574 |
| 21 | 84 | 105 | 126 | 184 | 288 | 573 | 573 |
| 22 | 82 | 103 | 124 | 183 | 287 | 572 | 572 |
| 23 | 81 | 102 | 123 | 182 | 286 | 570 | 570 |
| 24 | 79 | 100 | 121 | 180 | 284 | 569 | 569 |
| 25 | 78 | 99 | 120 | 179 | 283 | 567 | 567 |
| 26 | 76 | 97 | 118 | 177 | 281 | 566 | 566 |
| 27 | 75 | 96 | 117 | 176 | 279 | 564 | 564 |
| 28 | 73 | 94 | 115 | 174 | 278 | 563 | 563 |
| 29 | 72 | 93 | 114 | 173 | 276 | 561 | 561 |
| 30 | 70 | 91 | 112 | 171 | 275 | 560 | 560 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

91

104

126

194

308

593

1 345

2

90

103

126

194

308

593

1 078

3

90

104

126

187

303

588

875

4

90

105

128

188

301

586

722

5

91

107

131

190

300

585

605

6

91

108

134

194

299

584

584

7

92

110

136

197

299

584

584

8

92

111

136

196

299

584

584

9

92

111

136

195

299

584

584

10

93

113

136

195

299

584

584

11

93

113

136

195

299

583

583

12

93

113

135

194

298

583

583

13

92

113

134

193

297

582

582

14

91

112

133

192

296

581

581

15

90

111

132

191

295

580

580

16

89

110

131

190

294

578

578

17

88

109

130

189

293

577

577

18

87

108

129

188

292

576

576

19

86

107

128

187

291

575

575

20

85

106

127

186

290

574

574

21

84

105

126

184

288

573

573

22

82

103

124

183

287

572

572

23

81

102

123

182

286

570

570

24

79

100

121

180

284

569

569

25

78

99

120

179

283

567

567

26

76

97

118

177

281

566

566

27

75

96

117

176

279

564

564

28

73

94

115

174

278

563

563

29

72

93

114

173

276

561

561

30

70

91

112

171

275

560

560

2.11.   Norwegian krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 31 | 44 | 66 | 134 | 249 | 533 | 1 268 |
| 2 | 32 | 44 | 67 | 135 | 249 | 534 | 1 021 |
| 3 | 32 | 46 | 68 | 129 | 245 | 530 | 832 |
| 4 | 33 | 48 | 70 | 131 | 243 | 528 | 688 |
| 5 | 33 | 49 | 74 | 133 | 242 | 527 | 577 |
| 6 | 34 | 51 | 77 | 137 | 242 | 526 | 526 |
| 7 | 34 | 52 | 78 | 139 | 241 | 526 | 526 |
| 8 | 33 | 52 | 77 | 137 | 240 | 525 | 525 |
| 9 | 33 | 52 | 76 | 135 | 239 | 524 | 524 |
| 10 | 32 | 52 | 76 | 135 | 239 | 523 | 523 |
| 11 | 32 | 53 | 75 | 134 | 238 | 523 | 523 |
| 12 | 32 | 53 | 75 | 134 | 237 | 522 | 522 |
| 13 | 32 | 53 | 74 | 133 | 237 | 521 | 521 |
| 14 | 31 | 53 | 74 | 132 | 236 | 521 | 521 |
| 15 | 31 | 52 | 73 | 132 | 236 | 520 | 520 |
| 16 | 30 | 51 | 72 | 131 | 235 | 520 | 520 |
| 17 | 30 | 51 | 72 | 131 | 235 | 520 | 520 |
| 18 | 30 | 51 | 72 | 131 | 235 | 519 | 519 |
| 19 | 30 | 51 | 72 | 131 | 234 | 519 | 519 |
| 20 | 30 | 51 | 72 | 131 | 235 | 519 | 519 |
| 21 | 30 | 51 | 72 | 131 | 235 | 519 | 519 |
| 22 | 30 | 51 | 72 | 131 | 235 | 519 | 519 |
| 23 | 30 | 51 | 72 | 131 | 234 | 519 | 519 |
| 24 | 29 | 51 | 72 | 130 | 234 | 519 | 519 |
| 25 | 29 | 50 | 71 | 130 | 234 | 519 | 519 |
| 26 | 29 | 50 | 71 | 130 | 234 | 518 | 518 |
| 27 | 29 | 50 | 71 | 129 | 233 | 518 | 518 |
| 28 | 28 | 49 | 70 | 129 | 233 | 518 | 518 |
| 29 | 28 | 49 | 70 | 129 | 233 | 517 | 517 |
| 30 | 28 | 49 | 70 | 129 | 232 | 517 | 517 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

31

44

66

134

249

533

1 268

2

32

44

67

135

249

534

1 021

3

32

46

68

129

245

530

832

4

33

48

70

131

243

528

688

5

33

49

74

133

242

527

577

6

34

51

77

137

242

526

526

7

34

52

78

139

241

526

526

8

33

52

77

137

240

525

525

9

33

52

76

135

239

524

524

10

32

52

76

135

239

523

523

11

32

53

75

134

238

523

523

12

32

53

75

134

237

522

522

13

32

53

74

133

237

521

521

14

31

53

74

132

236

521

521

15

31

52

73

132

236

520

520

16

30

51

72

131

235

520

520

17

30

51

72

131

235

520

520

18

30

51

72

131

235

519

519

19

30

51

72

131

234

519

519

20

30

51

72

131

235

519

519

21

30

51

72

131

235

519

519

22

30

51

72

131

235

519

519

23

30

51

72

131

234

519

519

24

29

51

72

130

234

519

519

25

29

50

71

130

234

519

519

26

29

50

71

130

234

518

518

27

29

50

71

129

233

518

518

28

28

49

70

129

233

518

518

29

28

49

70

129

233

517

517

30

28

49

70

129

232

517

517

2.12.   Swiss franc

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 4 | 23 | 91 | 206 | 490 | 1 214 |
| 2 | 1 | 5 | 24 | 92 | 206 | 491 | 979 |
| 3 | 2 | 5 | 26 | 87 | 203 | 488 | 799 |
| 4 | 3 | 6 | 29 | 89 | 202 | 487 | 662 |
| 5 | 4 | 9 | 34 | 93 | 202 | 487 | 556 |
| 6 | 5 | 11 | 37 | 97 | 202 | 487 | 487 |
| 7 | 5 | 13 | 39 | 100 | 202 | 487 | 487 |
| 8 | 7 | 14 | 39 | 99 | 202 | 487 | 487 |
| 9 | 7 | 15 | 39 | 98 | 202 | 487 | 487 |
| 10 | 8 | 16 | 39 | 98 | 202 | 487 | 487 |
| 11 | 9 | 18 | 40 | 99 | 203 | 488 | 488 |
| 12 | 9 | 17 | 39 | 98 | 202 | 487 | 487 |
| 13 | 10 | 19 | 40 | 99 | 203 | 487 | 487 |
| 14 | 12 | 19 | 40 | 99 | 202 | 487 | 487 |
| 15 | 12 | 18 | 39 | 97 | 201 | 486 | 486 |
| 16 | 13 | 17 | 38 | 97 | 201 | 485 | 485 |
| 17 | 14 | 17 | 38 | 97 | 201 | 485 | 485 |
| 18 | 14 | 17 | 38 | 97 | 201 | 485 | 485 |
| 19 | 15 | 18 | 38 | 97 | 201 | 486 | 486 |
| 20 | 15 | 18 | 39 | 98 | 202 | 486 | 486 |
| 21 | 16 | 19 | 39 | 98 | 202 | 487 | 487 |
| 22 | 18 | 19 | 39 | 98 | 202 | 487 | 487 |
| 23 | 18 | 21 | 39 | 98 | 202 | 486 | 486 |
| 24 | 19 | 21 | 39 | 98 | 202 | 486 | 486 |
| 25 | 19 | 22 | 39 | 98 | 201 | 486 | 486 |
| 26 | 20 | 22 | 39 | 97 | 201 | 486 | 486 |
| 27 | 20 | 23 | 39 | 97 | 201 | 486 | 486 |
| 28 | 21 | 24 | 40 | 97 | 201 | 486 | 486 |
| 29 | 22 | 24 | 41 | 97 | 201 | 486 | 486 |
| 30 | 22 | 26 | 42 | 97 | 201 | 486 | 486 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

4

23

91

206

490

1 214

2

1

5

24

92

206

491

979

3

2

5

26

87

203

488

799

4

3

6

29

89

202

487

662

5

4

9

34

93

202

487

556

6

5

11

37

97

202

487

487

7

5

13

39

100

202

487

487

8

7

14

39

99

202

487

487

9

7

15

39

98

202

487

487

10

8

16

39

98

202

487

487

11

9

18

40

99

203

488

488

12

9

17

39

98

202

487

487

13

10

19

40

99

203

487

487

14

12

19

40

99

202

487

487

15

12

18

39

97

201

486

486

16

13

17

38

97

201

485

485

17

14

17

38

97

201

485

485

18

14

17

38

97

201

485

485

19

15

18

38

97

201

486

486

20

15

18

39

98

202

486

486

21

16

19

39

98

202

487

487

22

18

19

39

98

202

487

487

23

18

21

39

98

202

486

486

24

19

21

39

98

202

486

486

25

19

22

39

98

201

486

486

26

20

22

39

97

201

486

486

27

20

23

39

97

201

486

486

28

21

24

40

97

201

486

486

29

22

24

41

97

201

486

486

30

22

26

42

97

201

486

486

2.13.   Australian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 44 | 57 | 80 | 147 | 262 | 546 | 1 265 |
| 2 | 44 | 57 | 80 | 147 | 262 | 546 | 1 019 |
| 3 | 45 | 59 | 81 | 142 | 258 | 543 | 831 |
| 4 | 46 | 61 | 83 | 144 | 257 | 541 | 688 |
| 5 | 46 | 62 | 87 | 146 | 256 | 540 | 578 |
| 6 | 47 | 64 | 90 | 150 | 255 | 540 | 540 |
| 7 | 47 | 65 | 91 | 152 | 254 | 539 | 539 |
| 8 | 46 | 65 | 90 | 150 | 253 | 538 | 538 |
| 9 | 45 | 65 | 89 | 148 | 252 | 537 | 537 |
| 10 | 45 | 65 | 89 | 148 | 252 | 536 | 536 |
| 11 | 45 | 66 | 88 | 147 | 251 | 536 | 536 |
| 12 | 45 | 66 | 88 | 146 | 250 | 535 | 535 |
| 13 | 45 | 66 | 87 | 146 | 250 | 534 | 534 |
| 14 | 44 | 65 | 87 | 145 | 249 | 534 | 534 |
| 15 | 44 | 65 | 86 | 145 | 249 | 533 | 533 |
| 16 | 43 | 64 | 85 | 144 | 248 | 533 | 533 |
| 17 | 43 | 64 | 85 | 144 | 247 | 532 | 532 |
| 18 | 42 | 63 | 84 | 143 | 247 | 532 | 532 |
| 19 | 42 | 63 | 84 | 143 | 247 | 531 | 531 |
| 20 | 42 | 63 | 84 | 143 | 246 | 531 | 531 |
| 21 | 41 | 62 | 83 | 142 | 246 | 531 | 531 |
| 22 | 41 | 62 | 83 | 142 | 246 | 530 | 530 |
| 23 | 40 | 61 | 82 | 141 | 245 | 530 | 530 |
| 24 | 40 | 61 | 82 | 141 | 244 | 529 | 529 |
| 25 | 39 | 60 | 81 | 140 | 244 | 528 | 528 |
| 26 | 38 | 59 | 80 | 139 | 243 | 528 | 528 |
| 27 | 37 | 59 | 80 | 138 | 242 | 527 | 527 |
| 28 | 37 | 58 | 79 | 138 | 241 | 526 | 526 |
| 29 | 36 | 57 | 78 | 137 | 241 | 525 | 525 |
| 30 | 35 | 56 | 77 | 136 | 240 | 525 | 525 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

44

57

80

147

262

546

1 265

2

44

57

80

147

262

546

1 019

3

45

59

81

142

258

543

831

4

46

61

83

144

257

541

688

5

46

62

87

146

256

540

578

6

47

64

90

150

255

540

540

7

47

65

91

152

254

539

539

8

46

65

90

150

253

538

538

9

45

65

89

148

252

537

537

10

45

65

89

148

252

536

536

11

45

66

88

147

251

536

536

12

45

66

88

146

250

535

535

13

45

66

87

146

250

534

534

14

44

65

87

145

249

534

534

15

44

65

86

145

249

533

533

16

43

64

85

144

248

533

533

17

43

64

85

144

247

532

532

18

42

63

84

143

247

532

532

19

42

63

84

143

247

531

531

20

42

63

84

143

246

531

531

21

41

62

83

142

246

531

531

22

41

62

83

142

246

530

530

23

40

61

82

141

245

530

530

24

40

61

82

141

244

529

529

25

39

60

81

140

244

528

528

26

38

59

80

139

243

528

528

27

37

59

80

138

242

527

527

28

37

58

79

138

241

526

526

29

36

57

78

137

241

525

525

30

35

56

77

136

240

525

525

2.14.   Baht

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 16 | 29 | 52 | 120 | 234 | 519 | 1 214 |
| 2 | 20 | 33 | 55 | 123 | 238 | 522 | 980 |
| 3 | 24 | 38 | 60 | 121 | 237 | 522 | 801 |
| 4 | 28 | 43 | 65 | 126 | 239 | 523 | 664 |
| 5 | 30 | 47 | 71 | 130 | 240 | 524 | 559 |
| 6 | 30 | 47 | 73 | 133 | 238 | 523 | 523 |
| 7 | 34 | 52 | 78 | 139 | 241 | 526 | 526 |
| 8 | 33 | 52 | 77 | 137 | 240 | 525 | 525 |
| 9 | 34 | 54 | 78 | 137 | 241 | 526 | 526 |
| 10 | 36 | 56 | 80 | 138 | 242 | 527 | 527 |
| 11 | 38 | 58 | 81 | 140 | 243 | 528 | 528 |
| 12 | 39 | 60 | 81 | 140 | 244 | 529 | 529 |
| 13 | 39 | 60 | 82 | 141 | 244 | 529 | 529 |
| 14 | 40 | 61 | 82 | 141 | 245 | 530 | 530 |
| 15 | 40 | 61 | 82 | 141 | 245 | 530 | 530 |
| 16 | 40 | 61 | 82 | 141 | 245 | 529 | 529 |
| 17 | 40 | 61 | 82 | 141 | 245 | 530 | 530 |
| 18 | 40 | 61 | 82 | 141 | 244 | 529 | 529 |
| 19 | 39 | 60 | 82 | 140 | 244 | 529 | 529 |
| 20 | 39 | 61 | 82 | 140 | 244 | 529 | 529 |
| 21 | 39 | 61 | 82 | 140 | 244 | 529 | 529 |
| 22 | 39 | 60 | 81 | 140 | 244 | 529 | 529 |
| 23 | 39 | 60 | 81 | 140 | 244 | 528 | 528 |
| 24 | 39 | 60 | 81 | 139 | 243 | 528 | 528 |
| 25 | 38 | 59 | 80 | 139 | 243 | 528 | 528 |
| 26 | 38 | 59 | 80 | 139 | 242 | 527 | 527 |
| 27 | 37 | 58 | 79 | 138 | 242 | 527 | 527 |
| 28 | 37 | 58 | 79 | 138 | 241 | 526 | 526 |
| 29 | 36 | 57 | 78 | 137 | 241 | 526 | 526 |
| 30 | 36 | 57 | 78 | 136 | 240 | 525 | 525 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

16

29

52

120

234

519

1 214

2

20

33

55

123

238

522

980

3

24

38

60

121

237

522

801

4

28

43

65

126

239

523

664

5

30

47

71

130

240

524

559

6

30

47

73

133

238

523

523

7

34

52

78

139

241

526

526

8

33

52

77

137

240

525

525

9

34

54

78

137

241

526

526

10

36

56

80

138

242

527

527

11

38

58

81

140

243

528

528

12

39

60

81

140

244

529

529

13

39

60

82

141

244

529

529

14

40

61

82

141

245

530

530

15

40

61

82

141

245

530

530

16

40

61

82

141

245

529

529

17

40

61

82

141

245

530

530

18

40

61

82

141

244

529

529

19

39

60

82

140

244

529

529

20

39

61

82

140

244

529

529

21

39

61

82

140

244

529

529

22

39

60

81

140

244

529

529

23

39

60

81

140

244

528

528

24

39

60

81

139

243

528

528

25

38

59

80

139

243

528

528

26

38

59

80

139

242

527

527

27

37

58

79

138

242

527

527

28

37

58

79

138

241

526

526

29

36

57

78

137

241

526

526

30

36

57

78

136

240

525

525

2.15.   Canadian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 18 | 31 | 54 | 122 | 236 | 521 | 1 275 |
| 2 | 19 | 32 | 55 | 122 | 237 | 522 | 1 025 |
| 3 | 21 | 35 | 57 | 118 | 234 | 519 | 833 |
| 4 | 23 | 38 | 60 | 121 | 234 | 518 | 687 |
| 5 | 24 | 40 | 65 | 124 | 233 | 518 | 576 |
| 6 | 25 | 42 | 68 | 128 | 233 | 518 | 518 |
| 7 | 26 | 44 | 70 | 131 | 233 | 518 | 518 |
| 8 | 26 | 45 | 70 | 130 | 233 | 518 | 518 |
| 9 | 26 | 46 | 70 | 129 | 233 | 518 | 518 |
| 10 | 27 | 47 | 70 | 129 | 233 | 518 | 518 |
| 11 | 28 | 48 | 71 | 129 | 233 | 518 | 518 |
| 12 | 28 | 49 | 71 | 130 | 233 | 518 | 518 |
| 13 | 28 | 49 | 71 | 130 | 233 | 518 | 518 |
| 14 | 29 | 50 | 71 | 130 | 233 | 518 | 518 |
| 15 | 29 | 50 | 71 | 130 | 233 | 518 | 518 |
| 16 | 28 | 50 | 71 | 129 | 233 | 518 | 518 |
| 17 | 28 | 50 | 71 | 129 | 233 | 518 | 518 |
| 18 | 28 | 50 | 71 | 129 | 233 | 518 | 518 |
| 19 | 28 | 50 | 71 | 129 | 233 | 518 | 518 |
| 20 | 29 | 50 | 71 | 129 | 233 | 518 | 518 |
| 21 | 28 | 50 | 71 | 129 | 233 | 518 | 518 |
| 22 | 28 | 49 | 70 | 129 | 233 | 518 | 518 |
| 23 | 28 | 49 | 70 | 129 | 233 | 517 | 517 |
| 24 | 27 | 48 | 70 | 128 | 232 | 517 | 517 |
| 25 | 27 | 48 | 69 | 128 | 232 | 516 | 516 |
| 26 | 26 | 48 | 69 | 127 | 231 | 516 | 516 |
| 27 | 26 | 47 | 68 | 127 | 231 | 515 | 515 |
| 28 | 25 | 47 | 68 | 126 | 230 | 515 | 515 |
| 29 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 30 | 25 | 46 | 67 | 126 | 229 | 514 | 514 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

18

31

54

122

236

521

1 275

2

19

32

55

122

237

522

1 025

3

21

35

57

118

234

519

833

4

23

38

60

121

234

518

687

5

24

40

65

124

233

518

576

6

25

42

68

128

233

518

518

7

26

44

70

131

233

518

518

8

26

45

70

130

233

518

518

9

26

46

70

129

233

518

518

10

27

47

70

129

233

518

518

11

28

48

71

129

233

518

518

12

28

49

71

130

233

518

518

13

28

49

71

130

233

518

518

14

29

50

71

130

233

518

518

15

29

50

71

130

233

518

518

16

28

50

71

129

233

518

518

17

28

50

71

129

233

518

518

18

28

50

71

129

233

518

518

19

28

50

71

129

233

518

518

20

29

50

71

129

233

518

518

21

28

50

71

129

233

518

518

22

28

49

70

129

233

518

518

23

28

49

70

129

233

517

517

24

27

48

70

128

232

517

517

25

27

48

69

128

232

516

516

26

26

48

69

127

231

516

516

27

26

47

68

127

231

515

515

28

25

47

68

126

230

515

515

29

25

46

67

126

230

515

515

30

25

46

67

126

229

514

514

2.16.   Chilean peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 53 | 66 | 89 | 156 | 271 | 555 | 1 317 |
| 2 | 55 | 68 | 90 | 158 | 273 | 557 | 1 047 |
| 3 | 58 | 72 | 94 | 155 | 271 | 556 | 850 |
| 4 | 61 | 76 | 98 | 159 | 271 | 556 | 702 |
| 5 | 63 | 79 | 103 | 162 | 272 | 557 | 590 |
| 6 | 64 | 81 | 107 | 168 | 272 | 557 | 557 |
| 7 | 65 | 83 | 109 | 170 | 272 | 557 | 557 |
| 8 | 65 | 84 | 109 | 169 | 272 | 557 | 557 |
| 9 | 65 | 84 | 109 | 168 | 272 | 557 | 557 |
| 10 | 66 | 86 | 109 | 168 | 272 | 557 | 557 |
| 11 | 66 | 86 | 109 | 168 | 272 | 556 | 556 |
| 12 | 66 | 87 | 109 | 167 | 271 | 556 | 556 |
| 13 | 65 | 86 | 108 | 167 | 270 | 555 | 555 |
| 14 | 65 | 86 | 107 | 166 | 270 | 554 | 554 |
| 15 | 64 | 85 | 106 | 165 | 269 | 554 | 554 |
| 16 | 64 | 85 | 106 | 164 | 268 | 553 | 553 |
| 17 | 63 | 84 | 105 | 164 | 268 | 552 | 552 |
| 18 | 62 | 83 | 105 | 163 | 267 | 552 | 552 |
| 19 | 62 | 83 | 104 | 163 | 267 | 551 | 551 |
| 20 | 61 | 82 | 103 | 162 | 266 | 551 | 551 |
| 21 | 60 | 82 | 103 | 161 | 265 | 550 | 550 |
| 22 | 60 | 81 | 102 | 161 | 264 | 549 | 549 |
| 23 | 59 | 80 | 101 | 160 | 264 | 548 | 548 |
| 24 | 58 | 79 | 100 | 159 | 263 | 547 | 547 |
| 25 | 57 | 78 | 99 | 158 | 262 | 546 | 546 |
| 26 | 56 | 77 | 98 | 157 | 261 | 546 | 546 |
| 27 | 55 | 76 | 97 | 156 | 260 | 545 | 545 |
| 28 | 54 | 75 | 96 | 155 | 259 | 544 | 544 |
| 29 | 53 | 74 | 95 | 154 | 258 | 543 | 543 |
| 30 | 52 | 74 | 95 | 153 | 257 | 542 | 542 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

53

66

89

156

271

555

1 317

2

55

68

90

158

273

557

1 047

3

58

72

94

155

271

556

850

4

61

76

98

159

271

556

702

5

63

79

103

162

272

557

590

6

64

81

107

168

272

557

557

7

65

83

109

170

272

557

557

8

65

84

109

169

272

557

557

9

65

84

109

168

272

557

557

10

66

86

109

168

272

557

557

11

66

86

109

168

272

556

556

12

66

87

109

167

271

556

556

13

65

86

108

167

270

555

555

14

65

86

107

166

270

554

554

15

64

85

106

165

269

554

554

16

64

85

106

164

268

553

553

17

63

84

105

164

268

552

552

18

62

83

105

163

267

552

552

19

62

83

104

163

267

551

551

20

61

82

103

162

266

551

551

21

60

82

103

161

265

550

550

22

60

81

102

161

264

549

549

23

59

80

101

160

264

548

548

24

58

79

100

159

263

547

547

25

57

78

99

158

262

546

546

26

56

77

98

157

261

546

546

27

55

76

97

156

260

545

545

28

54

75

96

155

259

544

544

29

53

74

95

154

258

543

543

30

52

74

95

153

257

542

542

2.17.   Colombian peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 84 | 97 | 119 | 187 | 302 | 586 | 1 363 |
| 2 | 89 | 102 | 124 | 192 | 307 | 591 | 1 100 |
| 3 | 91 | 105 | 127 | 188 | 305 | 589 | 898 |
| 4 | 93 | 108 | 131 | 191 | 304 | 589 | 745 |
| 5 | 97 | 113 | 137 | 196 | 306 | 591 | 627 |
| 6 | 99 | 116 | 142 | 202 | 307 | 592 | 592 |
| 7 | 101 | 119 | 145 | 205 | 308 | 592 | 592 |
| 8 | 102 | 121 | 146 | 206 | 309 | 594 | 594 |
| 9 | 103 | 122 | 147 | 206 | 310 | 595 | 595 |
| 10 | 104 | 124 | 147 | 206 | 310 | 595 | 595 |
| 11 | 104 | 124 | 147 | 206 | 310 | 594 | 594 |
| 12 | 104 | 124 | 146 | 205 | 309 | 594 | 594 |
| 13 | 103 | 124 | 145 | 204 | 308 | 593 | 593 |
| 14 | 102 | 123 | 144 | 203 | 306 | 591 | 591 |
| 15 | 100 | 121 | 143 | 201 | 305 | 590 | 590 |
| 16 | 99 | 120 | 141 | 200 | 304 | 588 | 588 |
| 17 | 98 | 119 | 140 | 199 | 302 | 587 | 587 |
| 18 | 96 | 117 | 138 | 197 | 301 | 586 | 586 |
| 19 | 95 | 116 | 137 | 196 | 300 | 584 | 584 |
| 20 | 93 | 115 | 136 | 194 | 298 | 583 | 583 |
| 21 | 92 | 113 | 134 | 193 | 297 | 581 | 581 |
| 22 | 90 | 112 | 133 | 191 | 295 | 580 | 580 |
| 23 | 89 | 110 | 131 | 190 | 294 | 578 | 578 |
| 24 | 87 | 108 | 129 | 188 | 292 | 576 | 576 |
| 25 | 85 | 106 | 127 | 186 | 290 | 575 | 575 |
| 26 | 84 | 105 | 126 | 184 | 288 | 573 | 573 |
| 27 | 82 | 103 | 124 | 183 | 287 | 571 | 571 |
| 28 | 80 | 101 | 122 | 181 | 285 | 570 | 570 |
| 29 | 79 | 100 | 121 | 179 | 283 | 568 | 568 |
| 30 | 77 | 98 | 119 | 178 | 282 | 566 | 566 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

84

97

119

187

302

586

1 363

2

89

102

124

192

307

591

1 100

3

91

105

127

188

305

589

898

4

93

108

131

191

304

589

745

5

97

113

137

196

306

591

627

6

99

116

142

202

307

592

592

7

101

119

145

205

308

592

592

8

102

121

146

206

309

594

594

9

103

122

147

206

310

595

595

10

104

124

147

206

310

595

595

11

104

124

147

206

310

594

594

12

104

124

146

205

309

594

594

13

103

124

145

204

308

593

593

14

102

123

144

203

306

591

591

15

100

121

143

201

305

590

590

16

99

120

141

200

304

588

588

17

98

119

140

199

302

587

587

18

96

117

138

197

301

586

586

19

95

116

137

196

300

584

584

20

93

115

136

194

298

583

583

21

92

113

134

193

297

581

581

22

90

112

133

191

295

580

580

23

89

110

131

190

294

578

578

24

87

108

129

188

292

576

576

25

85

106

127

186

290

575

575

26

84

105

126

184

288

573

573

27

82

103

124

183

287

571

571

28

80

101

122

181

285

570

570

29

79

100

121

179

283

568

568

30

77

98

119

178

282

566

566

2.18.   Hong Kong dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 12 | 25 | 48 | 115 | 230 | 515 | 1 267 |
| 2 | 15 | 28 | 50 | 118 | 233 | 517 | 1 019 |
| 3 | 18 | 32 | 54 | 115 | 231 | 516 | 830 |
| 4 | 21 | 36 | 58 | 119 | 232 | 516 | 686 |
| 5 | 23 | 39 | 64 | 123 | 233 | 517 | 577 |
| 6 | 25 | 42 | 68 | 128 | 233 | 518 | 518 |
| 7 | 26 | 44 | 70 | 131 | 233 | 518 | 518 |
| 8 | 26 | 45 | 70 | 130 | 233 | 518 | 518 |
| 9 | 26 | 46 | 70 | 129 | 233 | 518 | 518 |
| 10 | 27 | 47 | 70 | 129 | 233 | 518 | 518 |
| 11 | 27 | 48 | 70 | 129 | 233 | 518 | 518 |
| 12 | 27 | 48 | 70 | 129 | 233 | 517 | 517 |
| 13 | 27 | 48 | 69 | 128 | 232 | 517 | 517 |
| 14 | 27 | 48 | 69 | 128 | 231 | 516 | 516 |
| 15 | 26 | 47 | 68 | 127 | 231 | 516 | 516 |
| 16 | 25 | 47 | 68 | 126 | 230 | 515 | 515 |
| 17 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 18 | 25 | 46 | 67 | 126 | 230 | 514 | 514 |
| 19 | 25 | 46 | 67 | 126 | 230 | 514 | 514 |
| 20 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 21 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 22 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 23 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 24 | 25 | 46 | 67 | 126 | 230 | 515 | 515 |
| 25 | 25 | 46 | 67 | 126 | 230 | 514 | 514 |
| 26 | 25 | 46 | 67 | 126 | 229 | 514 | 514 |
| 27 | 24 | 46 | 67 | 125 | 229 | 514 | 514 |
| 28 | 24 | 45 | 66 | 125 | 229 | 514 | 514 |
| 29 | 24 | 45 | 66 | 125 | 229 | 513 | 513 |
| 30 | 24 | 45 | 66 | 125 | 229 | 513 | 513 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

12

25

48

115

230

515

1 267

2

15

28

50

118

233

517

1 019

3

18

32

54

115

231

516

830

4

21

36

58

119

232

516

686

5

23

39

64

123

233

517

577

6

25

42

68

128

233

518

518

7

26

44

70

131

233

518

518

8

26

45

70

130

233

518

518

9

26

46

70

129

233

518

518

10

27

47

70

129

233

518

518

11

27

48

70

129

233

518

518

12

27

48

70

129

233

517

517

13

27

48

69

128

232

517

517

14

27

48

69

128

231

516

516

15

26

47

68

127

231

516

516

16

25

47

68

126

230

515

515

17

25

46

67

126

230

515

515

18

25

46

67

126

230

514

514

19

25

46

67

126

230

514

514

20

25

46

67

126

230

515

515

21

25

46

67

126

230

515

515

22

25

46

67

126

230

515

515

23

25

46

67

126

230

515

515

24

25

46

67

126

230

515

515

25

25

46

67

126

230

514

514

26

25

46

67

126

229

514

514

27

24

46

67

125

229

514

514

28

24

45

66

125

229

514

514

29

24

45

66

125

229

513

513

30

24

45

66

125

229

513

513

2.19.   Indian rupee

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 94 | 107 | 130 | 197 | 312 | 596 | 1 306 |
| 2 | 95 | 108 | 131 | 198 | 313 | 598 | 1 055 |
| 3 | 97 | 111 | 133 | 194 | 310 | 595 | 863 |
| 4 | 99 | 114 | 136 | 197 | 310 | 594 | 716 |
| 5 | 100 | 116 | 141 | 200 | 310 | 594 | 602 |
| 6 | 101 | 118 | 144 | 204 | 309 | 594 | 594 |
| 7 | 102 | 120 | 146 | 207 | 309 | 594 | 594 |
| 8 | 102 | 120 | 146 | 206 | 309 | 594 | 594 |
| 9 | 101 | 121 | 145 | 204 | 308 | 593 | 593 |
| 10 | 100 | 120 | 144 | 203 | 307 | 592 | 592 |
| 11 | 100 | 120 | 143 | 201 | 305 | 590 | 590 |
| 12 | 98 | 119 | 141 | 200 | 304 | 588 | 588 |
| 13 | 97 | 118 | 139 | 198 | 302 | 587 | 587 |
| 14 | 95 | 117 | 138 | 196 | 300 | 585 | 585 |
| 15 | 94 | 115 | 136 | 195 | 299 | 583 | 583 |
| 16 | 92 | 113 | 134 | 193 | 297 | 581 | 581 |
| 17 | 91 | 112 | 133 | 191 | 295 | 580 | 580 |
| 18 | 89 | 110 | 131 | 190 | 294 | 579 | 579 |
| 19 | 88 | 109 | 130 | 189 | 293 | 577 | 577 |
| 20 | 87 | 108 | 129 | 188 | 292 | 576 | 576 |
| 21 | 86 | 107 | 128 | 187 | 291 | 575 | 575 |
| 22 | 85 | 106 | 127 | 186 | 289 | 574 | 574 |
| 23 | 83 | 105 | 126 | 184 | 288 | 573 | 573 |
| 24 | 82 | 103 | 124 | 183 | 287 | 572 | 572 |
| 25 | 81 | 102 | 123 | 182 | 286 | 571 | 571 |
| 26 | 80 | 101 | 122 | 181 | 285 | 569 | 569 |
| 27 | 79 | 100 | 121 | 180 | 283 | 568 | 568 |
| 28 | 77 | 99 | 120 | 178 | 282 | 567 | 567 |
| 29 | 76 | 98 | 119 | 177 | 281 | 566 | 566 |
| 30 | 75 | 96 | 117 | 176 | 280 | 565 | 565 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

94

107

130

197

312

596

1 306

2

95

108

131

198

313

598

1 055

3

97

111

133

194

310

595

863

4

99

114

136

197

310

594

716

5

100

116

141

200

310

594

602

6

101

118

144

204

309

594

594

7

102

120

146

207

309

594

594

8

102

120

146

206

309

594

594

9

101

121

145

204

308

593

593

10

100

120

144

203

307

592

592

11

100

120

143

201

305

590

590

12

98

119

141

200

304

588

588

13

97

118

139

198

302

587

587

14

95

117

138

196

300

585

585

15

94

115

136

195

299

583

583

16

92

113

134

193

297

581

581

17

91

112

133

191

295

580

580

18

89

110

131

190

294

579

579

19

88

109

130

189

293

577

577

20

87

108

129

188

292

576

576

21

86

107

128

187

291

575

575

22

85

106

127

186

289

574

574

23

83

105

126

184

288

573

573

24

82

103

124

183

287

572

572

25

81

102

123

182

286

571

571

26

80

101

122

181

285

569

569

27

79

100

121

180

283

568

568

28

77

99

120

178

282

567

567

29

76

98

119

177

281

566

566

30

75

96

117

176

280

565

565

2.20.   Mexican peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 306 | 319 | 342 | 409 | 524 | 809 | 1 394 |
| 2 | 88 | 101 | 124 | 191 | 306 | 590 | 1 108 |
| 3 | 91 | 105 | 127 | 188 | 304 | 589 | 896 |
| 4 | 94 | 109 | 132 | 192 | 305 | 590 | 739 |
| 5 | 96 | 113 | 137 | 196 | 306 | 590 | 619 |
| 6 | 98 | 115 | 141 | 201 | 306 | 591 | 591 |
| 7 | 100 | 118 | 144 | 204 | 307 | 591 | 591 |
| 8 | 100 | 119 | 144 | 204 | 307 | 592 | 592 |
| 9 | 101 | 120 | 144 | 204 | 308 | 592 | 592 |
| 10 | 101 | 121 | 144 | 203 | 307 | 592 | 592 |
| 11 | 102 | 122 | 145 | 203 | 307 | 592 | 592 |
| 12 | 102 | 123 | 145 | 203 | 307 | 592 | 592 |
| 13 | 103 | 124 | 145 | 204 | 308 | 592 | 592 |
| 14 | 103 | 124 | 145 | 204 | 308 | 593 | 593 |
| 15 | 104 | 125 | 146 | 205 | 309 | 593 | 593 |
| 16 | 105 | 126 | 147 | 206 | 310 | 594 | 594 |
| 17 | 106 | 127 | 148 | 207 | 310 | 595 | 595 |
| 18 | 106 | 128 | 149 | 207 | 311 | 596 | 596 |
| 19 | 107 | 128 | 149 | 208 | 312 | 597 | 597 |
| 20 | 108 | 129 | 150 | 208 | 312 | 597 | 597 |
| 21 | 107 | 129 | 150 | 208 | 312 | 597 | 597 |
| 22 | 107 | 128 | 149 | 208 | 312 | 597 | 597 |
| 23 | 106 | 127 | 149 | 207 | 311 | 596 | 596 |
| 24 | 105 | 126 | 148 | 206 | 310 | 595 | 595 |
| 25 | 104 | 125 | 146 | 205 | 309 | 594 | 594 |
| 26 | 103 | 124 | 145 | 204 | 308 | 592 | 592 |
| 27 | 102 | 123 | 144 | 202 | 306 | 591 | 591 |
| 28 | 100 | 121 | 142 | 201 | 305 | 590 | 590 |
| 29 | 99 | 120 | 141 | 200 | 303 | 588 | 588 |
| 30 | 97 | 118 | 139 | 198 | 302 | 587 | 587 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

306

319

342

409

524

809

1 394

2

88

101

124

191

306

590

1 108

3

91

105

127

188

304

589

896

4

94

109

132

192

305

590

739

5

96

113

137

196

306

590

619

6

98

115

141

201

306

591

591

7

100

118

144

204

307

591

591

8

100

119

144

204

307

592

592

9

101

120

144

204

308

592

592

10

101

121

144

203

307

592

592

11

102

122

145

203

307

592

592

12

102

123

145

203

307

592

592

13

103

124

145

204

308

592

592

14

103

124

145

204

308

593

593

15

104

125

146

205

309

593

593

16

105

126

147

206

310

594

594

17

106

127

148

207

310

595

595

18

106

128

149

207

311

596

596

19

107

128

149

208

312

597

597

20

108

129

150

208

312

597

597

21

107

129

150

208

312

597

597

22

107

128

149

208

312

597

597

23

106

127

149

207

311

596

596

24

105

126

148

206

310

595

595

25

104

125

146

205

309

594

594

26

103

124

145

204

308

592

592

27

102

123

144

202

306

591

591

28

100

121

142

201

305

590

590

29

99

120

141

200

303

588

588

30

97

118

139

198

302

587

587

2.21.   New Taiwan dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 11 | 34 | 102 | 216 | 501 | 1 194 |
| 2 | 1 | 11 | 34 | 101 | 216 | 501 | 963 |
| 3 | 2 | 13 | 35 | 96 | 212 | 497 | 787 |
| 4 | 3 | 15 | 37 | 98 | 211 | 495 | 652 |
| 5 | 4 | 17 | 41 | 100 | 210 | 495 | 549 |
| 6 | 5 | 18 | 44 | 104 | 209 | 494 | 494 |
| 7 | 5 | 19 | 45 | 106 | 209 | 493 | 493 |
| 8 | 7 | 19 | 45 | 104 | 208 | 492 | 492 |
| 9 | 7 | 19 | 44 | 103 | 207 | 491 | 491 |
| 10 | 8 | 20 | 43 | 102 | 206 | 491 | 491 |
| 11 | 9 | 21 | 44 | 102 | 206 | 491 | 491 |
| 12 | 9 | 22 | 44 | 102 | 206 | 491 | 491 |
| 13 | 10 | 22 | 44 | 102 | 206 | 491 | 491 |
| 14 | 12 | 23 | 44 | 103 | 207 | 491 | 491 |
| 15 | 12 | 23 | 44 | 103 | 207 | 492 | 492 |
| 16 | 13 | 23 | 45 | 103 | 207 | 492 | 492 |
| 17 | 14 | 24 | 45 | 104 | 208 | 492 | 492 |
| 18 | 14 | 25 | 46 | 105 | 208 | 493 | 493 |
| 19 | 15 | 25 | 46 | 105 | 209 | 494 | 494 |
| 20 | 15 | 26 | 47 | 106 | 210 | 495 | 495 |
| 21 | 16 | 27 | 48 | 107 | 211 | 495 | 495 |
| 22 | 17 | 28 | 49 | 108 | 211 | 496 | 496 |
| 23 | 18 | 28 | 49 | 108 | 212 | 497 | 497 |
| 24 | 19 | 29 | 50 | 109 | 212 | 497 | 497 |
| 25 | 19 | 29 | 50 | 109 | 213 | 498 | 498 |
| 26 | 20 | 29 | 51 | 109 | 213 | 498 | 498 |
| 27 | 20 | 30 | 51 | 110 | 213 | 498 | 498 |
| 28 | 21 | 30 | 51 | 110 | 214 | 498 | 498 |
| 29 | 21 | 30 | 51 | 110 | 214 | 499 | 499 |
| 30 | 22 | 30 | 52 | 110 | 214 | 499 | 499 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

11

34

102

216

501

1 194

2

1

11

34

101

216

501

963

3

2

13

35

96

212

497

787

4

3

15

37

98

211

495

652

5

4

17

41

100

210

495

549

6

5

18

44

104

209

494

494

7

5

19

45

106

209

493

493

8

7

19

45

104

208

492

492

9

7

19

44

103

207

491

491

10

8

20

43

102

206

491

491

11

9

21

44

102

206

491

491

12

9

22

44

102

206

491

491

13

10

22

44

102

206

491

491

14

12

23

44

103

207

491

491

15

12

23

44

103

207

492

492

16

13

23

45

103

207

492

492

17

14

24

45

104

208

492

492

18

14

25

46

105

208

493

493

19

15

25

46

105

209

494

494

20

15

26

47

106

210

495

495

21

16

27

48

107

211

495

495

22

17

28

49

108

211

496

496

23

18

28

49

108

212

497

497

24

19

29

50

109

212

497

497

25

19

29

50

109

213

498

498

26

20

29

51

109

213

498

498

27

20

30

51

110

213

498

498

28

21

30

51

110

214

498

498

29

21

30

51

110

214

499

499

30

22

30

52

110

214

499

499

2.22.   New Zealand dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 51 | 63 | 86 | 154 | 268 | 553 | 1 286 |
| 2 | 51 | 64 | 87 | 155 | 269 | 554 | 1 033 |
| 3 | 52 | 66 | 88 | 149 | 265 | 550 | 840 |
| 4 | 53 | 68 | 90 | 151 | 264 | 548 | 694 |
| 5 | 54 | 70 | 95 | 154 | 263 | 548 | 583 |
| 6 | 54 | 71 | 97 | 158 | 263 | 547 | 547 |
| 7 | 54 | 72 | 98 | 159 | 261 | 546 | 546 |
| 8 | 54 | 73 | 98 | 158 | 261 | 546 | 546 |
| 9 | 53 | 73 | 97 | 156 | 260 | 545 | 545 |
| 10 | 53 | 73 | 96 | 155 | 259 | 544 | 544 |
| 11 | 52 | 72 | 95 | 154 | 258 | 542 | 542 |
| 12 | 51 | 72 | 94 | 153 | 256 | 541 | 541 |
| 13 | 50 | 71 | 93 | 151 | 255 | 540 | 540 |
| 14 | 49 | 70 | 91 | 150 | 254 | 539 | 539 |
| 15 | 48 | 69 | 90 | 149 | 253 | 537 | 537 |
| 16 | 47 | 68 | 89 | 148 | 251 | 536 | 536 |
| 17 | 46 | 67 | 88 | 147 | 251 | 535 | 535 |
| 18 | 45 | 66 | 87 | 146 | 250 | 534 | 534 |
| 19 | 44 | 65 | 86 | 145 | 249 | 534 | 534 |
| 20 | 44 | 65 | 86 | 145 | 249 | 533 | 533 |
| 21 | 43 | 64 | 85 | 144 | 248 | 533 | 533 |
| 22 | 43 | 64 | 85 | 144 | 247 | 532 | 532 |
| 23 | 42 | 63 | 84 | 143 | 247 | 531 | 531 |
| 24 | 41 | 62 | 84 | 142 | 246 | 531 | 531 |
| 25 | 41 | 62 | 83 | 142 | 245 | 530 | 530 |
| 26 | 40 | 61 | 82 | 141 | 245 | 529 | 529 |
| 27 | 39 | 60 | 81 | 140 | 244 | 529 | 529 |
| 28 | 39 | 60 | 81 | 140 | 243 | 528 | 528 |
| 29 | 38 | 59 | 80 | 139 | 243 | 527 | 527 |
| 30 | 37 | 59 | 80 | 138 | 242 | 527 | 527 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

51

63

86

154

268

553

1 286

2

51

64

87

155

269

554

1 033

3

52

66

88

149

265

550

840

4

53

68

90

151

264

548

694

5

54

70

95

154

263

548

583

6

54

71

97

158

263

547

547

7

54

72

98

159

261

546

546

8

54

73

98

158

261

546

546

9

53

73

97

156

260

545

545

10

53

73

96

155

259

544

544

11

52

72

95

154

258

542

542

12

51

72

94

153

256

541

541

13

50

71

93

151

255

540

540

14

49

70

91

150

254

539

539

15

48

69

90

149

253

537

537

16

47

68

89

148

251

536

536

17

46

67

88

147

251

535

535

18

45

66

87

146

250

534

534

19

44

65

86

145

249

534

534

20

44

65

86

145

249

533

533

21

43

64

85

144

248

533

533

22

43

64

85

144

247

532

532

23

42

63

84

143

247

531

531

24

41

62

84

142

246

531

531

25

41

62

83

142

245

530

530

26

40

61

82

141

245

529

529

27

39

60

81

140

244

529

529

28

39

60

81

140

243

528

528

29

38

59

80

139

243

527

527

30

37

59

80

138

242

527

527

2.23.   Rand

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 113 | 126 | 149 | 217 | 331 | 616 | 1 343 |
| 2 | 115 | 128 | 150 | 218 | 333 | 617 | 1 082 |
| 3 | 118 | 132 | 154 | 215 | 331 | 615 | 884 |
| 4 | 120 | 135 | 158 | 218 | 331 | 616 | 733 |
| 5 | 123 | 139 | 164 | 223 | 332 | 617 | 618 |
| 6 | 124 | 141 | 168 | 228 | 333 | 617 | 617 |
| 7 | 126 | 144 | 170 | 230 | 333 | 618 | 618 |
| 8 | 126 | 144 | 170 | 230 | 333 | 618 | 618 |
| 9 | 126 | 145 | 169 | 229 | 333 | 617 | 617 |
| 10 | 126 | 146 | 169 | 228 | 332 | 617 | 617 |
| 11 | 126 | 146 | 169 | 228 | 331 | 616 | 616 |
| 12 | 125 | 146 | 168 | 226 | 330 | 615 | 615 |
| 13 | 124 | 145 | 166 | 225 | 329 | 613 | 613 |
| 14 | 122 | 143 | 165 | 223 | 327 | 612 | 612 |
| 15 | 121 | 142 | 163 | 222 | 325 | 610 | 610 |
| 16 | 118 | 140 | 161 | 219 | 323 | 608 | 608 |
| 17 | 117 | 138 | 159 | 218 | 322 | 606 | 606 |
| 18 | 115 | 136 | 157 | 216 | 320 | 604 | 604 |
| 19 | 113 | 134 | 155 | 214 | 318 | 602 | 602 |
| 20 | 111 | 132 | 154 | 212 | 316 | 601 | 601 |
| 21 | 110 | 131 | 152 | 211 | 314 | 599 | 599 |
| 22 | 108 | 129 | 150 | 209 | 313 | 597 | 597 |
| 23 | 106 | 127 | 148 | 207 | 311 | 595 | 595 |
| 24 | 104 | 125 | 146 | 205 | 309 | 594 | 594 |
| 25 | 102 | 123 | 144 | 203 | 307 | 592 | 592 |
| 26 | 100 | 122 | 143 | 201 | 305 | 590 | 590 |
| 27 | 99 | 120 | 141 | 200 | 303 | 588 | 588 |
| 28 | 97 | 118 | 139 | 198 | 302 | 586 | 586 |
| 29 | 95 | 116 | 137 | 196 | 300 | 585 | 585 |
| 30 | 93 | 115 | 136 | 194 | 298 | 583 | 583 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

113

126

149

217

331

616

1 343

2

115

128

150

218

333

617

1 082

3

118

132

154

215

331

615

884

4

120

135

158

218

331

616

733

5

123

139

164

223

332

617

618

6

124

141

168

228

333

617

617

7

126

144

170

230

333

618

618

8

126

144

170

230

333

618

618

9

126

145

169

229

333

617

617

10

126

146

169

228

332

617

617

11

126

146

169

228

331

616

616

12

125

146

168

226

330

615

615

13

124

145

166

225

329

613

613

14

122

143

165

223

327

612

612

15

121

142

163

222

325

610

610

16

118

140

161

219

323

608

608

17

117

138

159

218

322

606

606

18

115

136

157

216

320

604

604

19

113

134

155

214

318

602

602

20

111

132

154

212

316

601

601

21

110

131

152

211

314

599

599

22

108

129

150

209

313

597

597

23

106

127

148

207

311

595

595

24

104

125

146

205

309

594

594

25

102

123

144

203

307

592

592

26

100

122

143

201

305

590

590

27

99

120

141

200

303

588

588

28

97

118

139

198

302

586

586

29

95

116

137

196

300

585

585

30

93

115

136

194

298

583

583

2.24.   Real

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 167 | 180 | 202 | 270 | 385 | 669 | 1 393 |
| 2 | 175 | 188 | 211 | 279 | 393 | 678 | 1 111 |
| 3 | 181 | 195 | 217 | 278 | 394 | 679 | 905 |
| 4 | 184 | 199 | 222 | 282 | 395 | 680 | 750 |
| 5 | 186 | 202 | 227 | 286 | 395 | 680 | 680 |
| 6 | 186 | 203 | 229 | 290 | 395 | 679 | 679 |
| 7 | 187 | 205 | 231 | 291 | 394 | 678 | 678 |
| 8 | 186 | 204 | 229 | 289 | 393 | 677 | 677 |
| 9 | 185 | 204 | 228 | 288 | 392 | 676 | 676 |
| 10 | 184 | 204 | 228 | 287 | 391 | 675 | 675 |
| 11 | 183 | 204 | 226 | 285 | 389 | 674 | 674 |
| 12 | 181 | 202 | 224 | 283 | 387 | 671 | 671 |
| 13 | 179 | 200 | 222 | 280 | 384 | 669 | 669 |
| 14 | 176 | 198 | 219 | 277 | 381 | 666 | 666 |
| 15 | 174 | 195 | 216 | 275 | 378 | 663 | 663 |
| 16 | 171 | 192 | 213 | 272 | 376 | 660 | 660 |
| 17 | 168 | 189 | 210 | 269 | 373 | 657 | 657 |
| 18 | 165 | 186 | 207 | 266 | 370 | 654 | 654 |
| 19 | 162 | 183 | 204 | 263 | 367 | 652 | 652 |
| 20 | 159 | 180 | 201 | 260 | 364 | 649 | 649 |
| 21 | 156 | 177 | 198 | 257 | 361 | 646 | 646 |
| 22 | 153 | 174 | 195 | 254 | 358 | 643 | 643 |
| 23 | 150 | 171 | 192 | 251 | 355 | 640 | 640 |
| 24 | 147 | 168 | 189 | 248 | 352 | 636 | 636 |
| 25 | 144 | 165 | 186 | 245 | 349 | 633 | 633 |
| 26 | 141 | 162 | 183 | 242 | 346 | 630 | 630 |
| 27 | 138 | 159 | 180 | 239 | 343 | 628 | 628 |
| 28 | 135 | 156 | 177 | 236 | 340 | 625 | 625 |
| 29 | 132 | 154 | 175 | 233 | 337 | 622 | 622 |
| 30 | 130 | 151 | 172 | 231 | 335 | 619 | 619 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

167

180

202

270

385

669

1 393

2

175

188

211

279

393

678

1 111

3

181

195

217

278

394

679

905

4

184

199

222

282

395

680

750

5

186

202

227

286

395

680

680

6

186

203

229

290

395

679

679

7

187

205

231

291

394

678

678

8

186

204

229

289

393

677

677

9

185

204

228

288

392

676

676

10

184

204

228

287

391

675

675

11

183

204

226

285

389

674

674

12

181

202

224

283

387

671

671

13

179

200

222

280

384

669

669

14

176

198

219

277

381

666

666

15

174

195

216

275

378

663

663

16

171

192

213

272

376

660

660

17

168

189

210

269

373

657

657

18

165

186

207

266

370

654

654

19

162

183

204

263

367

652

652

20

159

180

201

260

364

649

649

21

156

177

198

257

361

646

646

22

153

174

195

254

358

643

643

23

150

171

192

251

355

640

640

24

147

168

189

248

352

636

636

25

144

165

186

245

349

633

633

26

141

162

183

242

346

630

630

27

138

159

180

239

343

628

628

28

135

156

177

236

340

625

625

29

132

154

175

233

337

622

622

30

130

151

172

231

335

619

619

2.25.   Renminbi-yuan

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 31 | 44 | 67 | 134 | 249 | 533 | 1 213 |
| 2 | 32 | 45 | 67 | 135 | 250 | 534 | 979 |
| 3 | 33 | 47 | 69 | 130 | 247 | 531 | 801 |
| 4 | 35 | 50 | 72 | 133 | 246 | 530 | 665 |
| 5 | 36 | 52 | 77 | 136 | 245 | 530 | 560 |
| 6 | 36 | 53 | 79 | 140 | 244 | 529 | 529 |
| 7 | 37 | 55 | 81 | 141 | 244 | 529 | 529 |
| 8 | 36 | 54 | 80 | 140 | 243 | 528 | 528 |
| 9 | 35 | 55 | 79 | 138 | 242 | 527 | 527 |
| 10 | 35 | 55 | 79 | 137 | 241 | 526 | 526 |
| 11 | 35 | 56 | 78 | 137 | 241 | 526 | 526 |
| 12 | 35 | 56 | 78 | 136 | 240 | 525 | 525 |
| 13 | 35 | 56 | 77 | 136 | 240 | 525 | 525 |
| 14 | 35 | 56 | 77 | 136 | 239 | 524 | 524 |
| 15 | 34 | 56 | 77 | 135 | 239 | 524 | 524 |
| 16 | 34 | 56 | 77 | 135 | 239 | 524 | 524 |
| 17 | 34 | 56 | 77 | 135 | 239 | 524 | 524 |
| 18 | 35 | 56 | 77 | 136 | 239 | 524 | 524 |
| 19 | 35 | 56 | 77 | 136 | 240 | 524 | 524 |
| 20 | 35 | 56 | 77 | 136 | 240 | 524 | 524 |
| 21 | 35 | 56 | 77 | 136 | 240 | 524 | 524 |
| 22 | 35 | 56 | 77 | 136 | 240 | 524 | 524 |
| 23 | 35 | 56 | 77 | 136 | 239 | 524 | 524 |
| 24 | 34 | 56 | 77 | 135 | 239 | 524 | 524 |
| 25 | 34 | 55 | 76 | 135 | 239 | 524 | 524 |
| 26 | 34 | 55 | 76 | 135 | 239 | 523 | 523 |
| 27 | 34 | 55 | 76 | 134 | 238 | 523 | 523 |
| 28 | 33 | 54 | 75 | 134 | 238 | 523 | 523 |
| 29 | 33 | 54 | 75 | 134 | 238 | 522 | 522 |
| 30 | 32 | 54 | 75 | 133 | 237 | 522 | 522 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

31

44

67

134

249

533

1 213

2

32

45

67

135

250

534

979

3

33

47

69

130

247

531

801

4

35

50

72

133

246

530

665

5

36

52

77

136

245

530

560

6

36

53

79

140

244

529

529

7

37

55

81

141

244

529

529

8

36

54

80

140

243

528

528

9

35

55

79

138

242

527

527

10

35

55

79

137

241

526

526

11

35

56

78

137

241

526

526

12

35

56

78

136

240

525

525

13

35

56

77

136

240

525

525

14

35

56

77

136

239

524

524

15

34

56

77

135

239

524

524

16

34

56

77

135

239

524

524

17

34

56

77

135

239

524

524

18

35

56

77

136

239

524

524

19

35

56

77

136

240

524

524

20

35

56

77

136

240

524

524

21

35

56

77

136

240

524

524

22

35

56

77

136

240

524

524

23

35

56

77

136

239

524

524

24

34

56

77

135

239

524

524

25

34

55

76

135

239

524

524

26

34

55

76

135

239

523

523

27

34

55

76

134

238

523

523

28

33

54

75

134

238

523

523

29

33

54

75

134

238

522

522

30

32

54

75

133

237

522

522

2.26.   Ringgit

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 29 | 42 | 65 | 132 | 247 | 531 | 1 237 |
| 2 | 31 | 44 | 66 | 134 | 249 | 533 | 999 |
| 3 | 34 | 48 | 70 | 131 | 247 | 531 | 817 |
| 4 | 36 | 51 | 74 | 134 | 247 | 532 | 678 |
| 5 | 39 | 55 | 79 | 138 | 248 | 533 | 571 |
| 6 | 40 | 57 | 83 | 143 | 248 | 533 | 533 |
| 7 | 42 | 60 | 86 | 146 | 249 | 533 | 533 |
| 8 | 42 | 60 | 86 | 145 | 249 | 533 | 533 |
| 9 | 42 | 61 | 86 | 145 | 249 | 534 | 534 |
| 10 | 43 | 63 | 86 | 145 | 249 | 534 | 534 |
| 11 | 44 | 64 | 87 | 146 | 250 | 534 | 534 |
| 12 | 45 | 65 | 87 | 146 | 250 | 535 | 535 |
| 13 | 45 | 66 | 87 | 146 | 250 | 535 | 535 |
| 14 | 45 | 66 | 87 | 146 | 250 | 535 | 535 |
| 15 | 45 | 66 | 87 | 146 | 250 | 535 | 535 |
| 16 | 45 | 66 | 87 | 146 | 250 | 534 | 534 |
| 17 | 45 | 66 | 87 | 146 | 250 | 535 | 535 |
| 18 | 45 | 66 | 87 | 146 | 250 | 535 | 535 |
| 19 | 45 | 66 | 88 | 146 | 250 | 535 | 535 |
| 20 | 46 | 67 | 88 | 147 | 250 | 535 | 535 |
| 21 | 46 | 67 | 88 | 147 | 251 | 535 | 535 |
| 22 | 46 | 67 | 88 | 147 | 250 | 535 | 535 |
| 23 | 45 | 67 | 88 | 146 | 250 | 535 | 535 |
| 24 | 45 | 66 | 87 | 146 | 250 | 534 | 534 |
| 25 | 44 | 66 | 87 | 145 | 249 | 534 | 534 |
| 26 | 44 | 65 | 86 | 145 | 249 | 533 | 533 |
| 27 | 43 | 65 | 86 | 144 | 248 | 533 | 533 |
| 28 | 43 | 64 | 85 | 144 | 248 | 532 | 532 |
| 29 | 42 | 63 | 84 | 143 | 247 | 532 | 532 |
| 30 | 42 | 63 | 84 | 143 | 246 | 531 | 531 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

29

42

65

132

247

531

1 237

2

31

44

66

134

249

533

999

3

34

48

70

131

247

531

817

4

36

51

74

134

247

532

678

5

39

55

79

138

248

533

571

6

40

57

83

143

248

533

533

7

42

60

86

146

249

533

533

8

42

60

86

145

249

533

533

9

42

61

86

145

249

534

534

10

43

63

86

145

249

534

534

11

44

64

87

146

250

534

534

12

45

65

87

146

250

535

535

13

45

66

87

146

250

535

535

14

45

66

87

146

250

535

535

15

45

66

87

146

250

535

535

16

45

66

87

146

250

534

534

17

45

66

87

146

250

535

535

18

45

66

87

146

250

535

535

19

45

66

88

146

250

535

535

20

46

67

88

147

250

535

535

21

46

67

88

147

251

535

535

22

46

67

88

147

250

535

535

23

45

67

88

146

250

535

535

24

45

66

87

146

250

534

534

25

44

66

87

145

249

534

534

26

44

65

86

145

249

533

533

27

43

65

86

144

248

533

533

28

43

64

85

144

248

532

532

29

42

63

84

143

247

532

532

30

42

63

84

143

246

531

531

2.27.   Russian rouble

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 127 | 140 | 163 | 230 | 345 | 629 | 1 355 |
| 2 | 125 | 138 | 161 | 229 | 343 | 628 | 1 097 |
| 3 | 126 | 140 | 162 | 223 | 339 | 623 | 899 |
| 4 | 127 | 142 | 164 | 225 | 337 | 622 | 747 |
| 5 | 127 | 143 | 168 | 227 | 337 | 621 | 630 |
| 6 | 127 | 144 | 170 | 231 | 335 | 620 | 620 |
| 7 | 128 | 146 | 172 | 232 | 335 | 619 | 619 |
| 8 | 127 | 146 | 171 | 231 | 334 | 619 | 619 |
| 9 | 126 | 145 | 170 | 229 | 333 | 618 | 618 |
| 10 | 126 | 146 | 169 | 228 | 332 | 617 | 617 |
| 11 | 126 | 146 | 169 | 228 | 332 | 616 | 616 |
| 12 | 125 | 146 | 168 | 227 | 331 | 615 | 615 |
| 13 | 124 | 145 | 167 | 226 | 329 | 614 | 614 |
| 14 | 123 | 145 | 166 | 224 | 328 | 613 | 613 |
| 15 | 122 | 143 | 164 | 222 | 326 | 611 | 611 |
| 16 | 120 | 141 | 162 | 221 | 324 | 609 | 609 |
| 17 | 117 | 138 | 159 | 218 | 322 | 607 | 607 |
| 18 | 115 | 136 | 157 | 216 | 320 | 605 | 605 |
| 19 | 113 | 134 | 155 | 214 | 318 | 603 | 603 |
| 20 | 111 | 132 | 153 | 212 | 316 | 601 | 601 |
| 21 | 109 | 130 | 151 | 210 | 314 | 598 | 598 |
| 22 | 107 | 128 | 149 | 208 | 311 | 596 | 596 |
| 23 | 104 | 126 | 147 | 205 | 309 | 594 | 594 |
| 24 | 102 | 123 | 144 | 203 | 307 | 592 | 592 |
| 25 | 100 | 121 | 142 | 201 | 305 | 590 | 590 |
| 26 | 98 | 119 | 140 | 199 | 303 | 587 | 587 |
| 27 | 96 | 117 | 138 | 197 | 301 | 585 | 585 |
| 28 | 94 | 115 | 136 | 195 | 299 | 583 | 583 |
| 29 | 92 | 113 | 134 | 193 | 296 | 581 | 581 |
| 30 | 90 | 111 | 132 | 191 | 295 | 579 | 579 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

127

140

163

230

345

629

1 355

2

125

138

161

229

343

628

1 097

3

126

140

162

223

339

623

899

4

127

142

164

225

337

622

747

5

127

143

168

227

337

621

630

6

127

144

170

231

335

620

620

7

128

146

172

232

335

619

619

8

127

146

171

231

334

619

619

9

126

145

170

229

333

618

618

10

126

146

169

228

332

617

617

11

126

146

169

228

332

616

616

12

125

146

168

227

331

615

615

13

124

145

167

226

329

614

614

14

123

145

166

224

328

613

613

15

122

143

164

222

326

611

611

16

120

141

162

221

324

609

609

17

117

138

159

218

322

607

607

18

115

136

157

216

320

605

605

19

113

134

155

214

318

603

603

20

111

132

153

212

316

601

601

21

109

130

151

210

314

598

598

22

107

128

149

208

311

596

596

23

104

126

147

205

309

594

594

24

102

123

144

203

307

592

592

25

100

121

142

201

305

590

590

26

98

119

140

199

303

587

587

27

96

117

138

197

301

585

585

28

94

115

136

195

299

583

583

29

92

113

134

193

296

581

581

30

90

111

132

191

295

579

579

2.28.   Singapore dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 14 | 37 | 105 | 219 | 504 | 1 249 |
| 2 | 3 | 16 | 39 | 106 | 221 | 505 | 1 005 |
| 3 | 6 | 20 | 41 | 102 | 219 | 503 | 820 |
| 4 | 8 | 23 | 45 | 106 | 219 | 503 | 679 |
| 5 | 10 | 26 | 51 | 110 | 219 | 504 | 570 |
| 6 | 12 | 29 | 55 | 115 | 220 | 504 | 504 |
| 7 | 13 | 31 | 57 | 118 | 220 | 505 | 505 |
| 8 | 13 | 32 | 57 | 117 | 220 | 505 | 505 |
| 9 | 13 | 32 | 57 | 116 | 220 | 505 | 505 |
| 10 | 13 | 33 | 57 | 116 | 220 | 504 | 504 |
| 11 | 14 | 34 | 57 | 116 | 219 | 504 | 504 |
| 12 | 14 | 35 | 57 | 115 | 219 | 504 | 504 |
| 13 | 14 | 35 | 56 | 115 | 219 | 504 | 504 |
| 14 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 15 | 14 | 35 | 56 | 115 | 219 | 503 | 503 |
| 16 | 13 | 34 | 56 | 114 | 218 | 503 | 503 |
| 17 | 14 | 35 | 56 | 114 | 218 | 503 | 503 |
| 18 | 14 | 35 | 56 | 114 | 218 | 503 | 503 |
| 19 | 15 | 35 | 56 | 115 | 219 | 503 | 503 |
| 20 | 16 | 35 | 56 | 115 | 219 | 504 | 504 |
| 21 | 16 | 36 | 57 | 116 | 219 | 504 | 504 |
| 22 | 18 | 36 | 57 | 116 | 220 | 504 | 504 |
| 23 | 18 | 36 | 57 | 116 | 220 | 505 | 505 |
| 24 | 19 | 36 | 57 | 116 | 220 | 505 | 505 |
| 25 | 20 | 36 | 58 | 116 | 220 | 505 | 505 |
| 26 | 20 | 37 | 58 | 116 | 220 | 505 | 505 |
| 27 | 21 | 37 | 58 | 116 | 220 | 505 | 505 |
| 28 | 21 | 37 | 58 | 116 | 220 | 505 | 505 |
| 29 | 22 | 37 | 58 | 116 | 220 | 505 | 505 |
| 30 | 23 | 37 | 58 | 116 | 220 | 505 | 505 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

1

14

37

105

219

504

1 249

2

3

16

39

106

221

505

1 005

3

6

20

41

102

219

503

820

4

8

23

45

106

219

503

679

5

10

26

51

110

219

504

570

6

12

29

55

115

220

504

504

7

13

31

57

118

220

505

505

8

13

32

57

117

220

505

505

9

13

32

57

116

220

505

505

10

13

33

57

116

220

504

504

11

14

34

57

116

219

504

504

12

14

35

57

115

219

504

504

13

14

35

56

115

219

504

504

14

14

35

56

115

219

503

503

15

14

35

56

115

219

503

503

16

13

34

56

114

218

503

503

17

14

35

56

114

218

503

503

18

14

35

56

114

218

503

503

19

15

35

56

115

219

503

503

20

16

35

56

115

219

504

504

21

16

36

57

116

219

504

504

22

18

36

57

116

220

504

504

23

18

36

57

116

220

505

505

24

19

36

57

116

220

505

505

25

20

36

58

116

220

505

505

26

20

37

58

116

220

505

505

27

21

37

58

116

220

505

505

28

21

37

58

116

220

505

505

29

22

37

58

116

220

505

505

30

23

37

58

116

220

505

505

2.29.   South Korean won

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 35 | 48 | 71 | 138 | 253 | 537 | 1 248 |
| 2 | 35 | 48 | 71 | 139 | 253 | 538 | 1 005 |
| 3 | 36 | 50 | 71 | 133 | 249 | 533 | 820 |
| 4 | 36 | 51 | 73 | 134 | 247 | 531 | 679 |
| 5 | 36 | 52 | 77 | 136 | 246 | 530 | 571 |
| 6 | 38 | 55 | 82 | 142 | 247 | 531 | 531 |
| 7 | 36 | 54 | 80 | 141 | 243 | 528 | 528 |
| 8 | 39 | 58 | 83 | 143 | 246 | 531 | 531 |
| 9 | 39 | 58 | 82 | 141 | 245 | 530 | 530 |
| 10 | 34 | 54 | 77 | 136 | 240 | 525 | 525 |
| 11 | 30 | 51 | 74 | 132 | 236 | 521 | 521 |
| 12 | 28 | 49 | 71 | 129 | 233 | 518 | 518 |
| 13 | 26 | 47 | 68 | 127 | 231 | 516 | 516 |
| 14 | 24 | 45 | 66 | 125 | 229 | 514 | 514 |
| 15 | 23 | 44 | 65 | 124 | 228 | 512 | 512 |
| 16 | 21 | 43 | 64 | 122 | 226 | 511 | 511 |
| 17 | 21 | 42 | 63 | 122 | 226 | 510 | 510 |
| 18 | 20 | 41 | 62 | 121 | 225 | 510 | 510 |
| 19 | 20 | 41 | 62 | 121 | 225 | 509 | 509 |
| 20 | 20 | 41 | 62 | 121 | 225 | 509 | 509 |
| 21 | 20 | 41 | 62 | 121 | 225 | 509 | 509 |
| 22 | 20 | 41 | 62 | 121 | 225 | 509 | 509 |
| 23 | 20 | 41 | 62 | 121 | 224 | 509 | 509 |
| 24 | 20 | 41 | 62 | 120 | 224 | 509 | 509 |
| 25 | 20 | 41 | 62 | 120 | 224 | 509 | 509 |
| 26 | 20 | 40 | 61 | 120 | 224 | 509 | 509 |
| 27 | 21 | 40 | 61 | 120 | 224 | 509 | 509 |
| 28 | 21 | 40 | 61 | 120 | 224 | 508 | 508 |
| 29 | 22 | 40 | 61 | 120 | 224 | 508 | 508 |
| 30 | 23 | 40 | 61 | 120 | 223 | 508 | 508 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

35

48

71

138

253

537

1 248

2

35

48

71

139

253

538

1 005

3

36

50

71

133

249

533

820

4

36

51

73

134

247

531

679

5

36

52

77

136

246

530

571

6

38

55

82

142

247

531

531

7

36

54

80

141

243

528

528

8

39

58

83

143

246

531

531

9

39

58

82

141

245

530

530

10

34

54

77

136

240

525

525

11

30

51

74

132

236

521

521

12

28

49

71

129

233

518

518

13

26

47

68

127

231

516

516

14

24

45

66

125

229

514

514

15

23

44

65

124

228

512

512

16

21

43

64

122

226

511

511

17

21

42

63

122

226

510

510

18

20

41

62

121

225

510

510

19

20

41

62

121

225

509

509

20

20

41

62

121

225

509

509

21

20

41

62

121

225

509

509

22

20

41

62

121

225

509

509

23

20

41

62

121

224

509

509

24

20

41

62

120

224

509

509

25

20

41

62

120

224

509

509

26

20

40

61

120

224

509

509

27

21

40

61

120

224

509

509

28

21

40

61

120

224

508

508

29

22

40

61

120

224

508

508

30

23

40

61

120

223

508

508

2.30.   Turkish lira

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 210 | 223 | 246 | 314 | 428 | 713 | 1 423 |
| 2 | 207 | 220 | 243 | 310 | 425 | 709 | 1 160 |
| 3 | 204 | 217 | 239 | 300 | 417 | 701 | 959 |
| 4 | 200 | 215 | 238 | 298 | 411 | 696 | 803 |
| 5 | 197 | 213 | 238 | 297 | 406 | 691 | 691 |
| 6 | 193 | 210 | 236 | 296 | 401 | 686 | 686 |
| 7 | 190 | 208 | 234 | 295 | 397 | 682 | 682 |
| 8 | 185 | 204 | 229 | 289 | 393 | 677 | 677 |
| 9 | 182 | 201 | 225 | 284 | 388 | 673 | 673 |
| 10 | 178 | 198 | 221 | 280 | 384 | 669 | 669 |
| 11 | 174 | 195 | 217 | 276 | 380 | 665 | 665 |
| 12 | 171 | 192 | 213 | 272 | 376 | 661 | 661 |
| 13 | 167 | 188 | 209 | 268 | 372 | 657 | 657 |
| 14 | 163 | 185 | 206 | 264 | 368 | 653 | 653 |
| 15 | 160 | 181 | 202 | 261 | 365 | 649 | 649 |
| 16 | 156 | 177 | 198 | 257 | 361 | 646 | 646 |
| 17 | 153 | 174 | 195 | 254 | 358 | 642 | 642 |
| 18 | 150 | 171 | 192 | 251 | 355 | 639 | 639 |
| 19 | 147 | 168 | 189 | 248 | 352 | 636 | 636 |
| 20 | 144 | 165 | 186 | 245 | 349 | 633 | 633 |
| 21 | 141 | 162 | 183 | 242 | 346 | 631 | 631 |
| 22 | 138 | 159 | 180 | 239 | 343 | 628 | 628 |
| 23 | 135 | 156 | 177 | 236 | 340 | 625 | 625 |
| 24 | 132 | 154 | 175 | 233 | 337 | 622 | 622 |
| 25 | 130 | 151 | 172 | 231 | 334 | 619 | 619 |
| 26 | 127 | 148 | 169 | 228 | 332 | 616 | 616 |
| 27 | 124 | 146 | 167 | 225 | 329 | 614 | 614 |
| 28 | 122 | 143 | 164 | 223 | 327 | 611 | 611 |
| 29 | 119 | 141 | 162 | 220 | 324 | 609 | 609 |
| 30 | 117 | 138 | 159 | 218 | 322 | 607 | 607 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

210

223

246

314

428

713

1 423

2

207

220

243

310

425

709

1 160

3

204

217

239

300

417

701

959

4

200

215

238

298

411

696

803

5

197

213

238

297

406

691

691

6

193

210

236

296

401

686

686

7

190

208

234

295

397

682

682

8

185

204

229

289

393

677

677

9

182

201

225

284

388

673

673

10

178

198

221

280

384

669

669

11

174

195

217

276

380

665

665

12

171

192

213

272

376

661

661

13

167

188

209

268

372

657

657

14

163

185

206

264

368

653

653

15

160

181

202

261

365

649

649

16

156

177

198

257

361

646

646

17

153

174

195

254

358

642

642

18

150

171

192

251

355

639

639

19

147

168

189

248

352

636

636

20

144

165

186

245

349

633

633

21

141

162

183

242

346

631

631

22

138

159

180

239

343

628

628

23

135

156

177

236

340

625

625

24

132

154

175

233

337

622

622

25

130

151

172

231

334

619

619

26

127

148

169

228

332

616

616

27

124

146

167

225

329

614

614

28

122

143

164

223

327

611

611

29

119

141

162

220

324

609

609

30

117

138

159

218

322

607

607

2.31.   US dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 25 | 47 | 100 | 235 | 519 | 1 278 |
| 2 | 8 | 25 | 47 | 100 | 235 | 519 | 1 024 |
| 3 | 10 | 28 | 50 | 96 | 233 | 517 | 832 |
| 4 | 12 | 33 | 54 | 95 | 233 | 517 | 687 |
| 5 | 16 | 38 | 59 | 97 | 233 | 518 | 577 |
| 6 | 18 | 42 | 63 | 95 | 234 | 519 | 519 |
| 7 | 19 | 44 | 63 | 90 | 234 | 519 | 519 |
| 8 | 18 | 43 | 62 | 89 | 234 | 519 | 519 |
| 9 | 19 | 45 | 65 | 92 | 234 | 519 | 519 |
| 10 | 21 | 48 | 67 | 96 | 234 | 519 | 519 |
| 11 | 23 | 50 | 68 | 99 | 234 | 519 | 519 |
| 12 | 24 | 52 | 70 | 99 | 234 | 519 | 519 |
| 13 | 26 | 54 | 70 | 100 | 234 | 519 | 519 |
| 14 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 15 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 16 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 17 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 18 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 19 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 20 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 21 | 26 | 55 | 71 | 100 | 235 | 519 | 519 |
| 22 | 26 | 55 | 71 | 100 | 235 | 519 | 519 |
| 23 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 24 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 25 | 26 | 55 | 71 | 100 | 234 | 519 | 519 |
| 26 | 26 | 55 | 71 | 100 | 234 | 518 | 518 |
| 27 | 26 | 55 | 71 | 100 | 233 | 518 | 518 |
| 28 | 26 | 55 | 71 | 100 | 233 | 518 | 518 |
| 29 | 26 | 55 | 71 | 100 | 233 | 517 | 517 |
| 30 | 26 | 55 | 71 | 100 | 232 | 517 | 517 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

8

25

47

100

235

519

1 278

2

8

25

47

100

235

519

1 024

3

10

28

50

96

233

517

832

4

12

33

54

95

233

517

687

5

16

38

59

97

233

518

577

6

18

42

63

95

234

519

519

7

19

44

63

90

234

519

519

8

18

43

62

89

234

519

519

9

19

45

65

92

234

519

519

10

21

48

67

96

234

519

519

11

23

50

68

99

234

519

519

12

24

52

70

99

234

519

519

13

26

54

70

100

234

519

519

14

26

55

71

100

234

519

519

15

26

55

71

100

234

519

519

16

26

55

71

100

234

519

519

17

26

55

71

100

234

519

519

18

26

55

71

100

234

519

519

19

26

55

71

100

234

519

519

20

26

55

71

100

234

519

519

21

26

55

71

100

235

519

519

22

26

55

71

100

235

519

519

23

26

55

71

100

234

519

519

24

26

55

71

100

234

519

519

25

26

55

71

100

234

519

519

26

26

55

71

100

234

518

518

27

26

55

71

100

233

518

518

28

26

55

71

100

233

518

518

29

26

55

71

100

233

517

517

30

26

55

71

100

232

517

517

2.32.   Yen

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 4 | 14 | 82 | 196 | 481 | 1 177 |
| 2 | 1 | 5 | 13 | 80 | 195 | 479 | 950 |
| 3 | 2 | 5 | 13 | 74 | 190 | 475 | 776 |
| 4 | 2 | 6 | 15 | 75 | 188 | 473 | 644 |
| 5 | 4 | 6 | 19 | 78 | 187 | 472 | 542 |
| 6 | 5 | 7 | 22 | 82 | 187 | 472 | 472 |
| 7 | 5 | 9 | 23 | 84 | 187 | 471 | 471 |
| 8 | 7 | 9 | 23 | 83 | 186 | 471 | 471 |
| 9 | 7 | 10 | 23 | 83 | 186 | 471 | 471 |
| 10 | 8 | 10 | 24 | 83 | 187 | 471 | 471 |
| 11 | 9 | 11 | 24 | 83 | 187 | 471 | 471 |
| 12 | 9 | 11 | 24 | 83 | 187 | 471 | 471 |
| 13 | 10 | 13 | 24 | 83 | 187 | 472 | 472 |
| 14 | 11 | 14 | 25 | 83 | 187 | 472 | 472 |
| 15 | 12 | 14 | 25 | 84 | 188 | 472 | 472 |
| 16 | 13 | 15 | 26 | 84 | 188 | 472 | 472 |
| 17 | 13 | 15 | 27 | 84 | 188 | 473 | 473 |
| 18 | 14 | 17 | 28 | 85 | 189 | 473 | 473 |
| 19 | 15 | 17 | 29 | 85 | 189 | 474 | 474 |
| 20 | 15 | 18 | 30 | 86 | 190 | 474 | 474 |
| 21 | 16 | 18 | 32 | 86 | 190 | 475 | 475 |
| 22 | 16 | 19 | 33 | 87 | 191 | 475 | 475 |
| 23 | 18 | 20 | 34 | 87 | 191 | 475 | 475 |
| 24 | 19 | 21 | 35 | 87 | 191 | 476 | 476 |
| 25 | 19 | 22 | 36 | 87 | 191 | 476 | 476 |
| 26 | 20 | 22 | 37 | 87 | 191 | 476 | 476 |
| 27 | 20 | 23 | 38 | 87 | 191 | 475 | 475 |
| 28 | 21 | 23 | 40 | 87 | 191 | 475 | 475 |
| 29 | 21 | 24 | 41 | 87 | 191 | 475 | 475 |
| 30 | 22 | 24 | 42 | 87 | 191 | 475 | 475 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

4

14

82

196

481

1 177

2

1

5

13

80

195

479

950

3

2

5

13

74

190

475

776

4

2

6

15

75

188

473

644

5

4

6

19

78

187

472

542

6

5

7

22

82

187

472

472

7

5

9

23

84

187

471

471

8

7

9

23

83

186

471

471

9

7

10

23

83

186

471

471

10

8

10

24

83

187

471

471

11

9

11

24

83

187

471

471

12

9

11

24

83

187

471

471

13

10

13

24

83

187

472

472

14

11

14

25

83

187

472

472

15

12

14

25

84

188

472

472

16

13

15

26

84

188

472

472

17

13

15

27

84

188

473

473

18

14

17

28

85

189

473

473

19

15

17

29

85

189

474

474

20

15

18

30

86

190

474

474

21

16

18

32

86

190

475

475

22

16

19

33

87

191

475

475

23

18

20

34

87

191

475

475

24

19

21

35

87

191

476

476

25

19

22

36

87

191

476

476

26

20

22

37

87

191

476

476

27

20

23

38

87

191

475

475

28

21

23

40

87

191

475

475

29

21

24

41

87

191

475

475

30

22

24

42

87

191

475

475

3.   OTHER EXPOSURES

3.1.   Euro

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 2 | 14 | 20 | 41 | 158 | 306 | 3 148 |
| 2 | 2 | 14 | 20 | 41 | 158 | 347 | 2 358 |
| 3 | 1 | 14 | 22 | 46 | 153 | 361 | 1 785 |
| 4 | 1 | 15 | 25 | 50 | 150 | 361 | 1 382 |
| 5 | 2 | 17 | 29 | 52 | 150 | 352 | 1 096 |
| 6 | 4 | 20 | 31 | 55 | 150 | 338 | 889 |
| 7 | 5 | 22 | 33 | 57 | 150 | 322 | 735 |
| 8 | 6 | 23 | 34 | 59 | 150 | 305 | 618 |
| 9 | 6 | 24 | 35 | 62 | 150 | 288 | 526 |
| 10 | 6 | 25 | 37 | 64 | 150 | 271 | 453 |
| 11 | 7 | 25 | 38 | 65 | 150 | 254 | 393 |
| 12 | 7 | 25 | 38 | 65 | 150 | 243 | 344 |
| 13 | 7 | 26 | 38 | 65 | 150 | 243 | 303 |
| 14 | 7 | 26 | 38 | 65 | 150 | 243 | 268 |
| 15 | 7 | 26 | 40 | 65 | 150 | 243 | 243 |
| 16 | 7 | 26 | 42 | 65 | 150 | 243 | 243 |
| 17 | 7 | 26 | 45 | 65 | 150 | 243 | 243 |
| 18 | 7 | 26 | 47 | 65 | 150 | 243 | 243 |
| 19 | 7 | 26 | 49 | 65 | 150 | 243 | 243 |
| 20 | 8 | 26 | 52 | 65 | 150 | 243 | 243 |
| 21 | 8 | 26 | 54 | 65 | 150 | 243 | 243 |
| 22 | 9 | 26 | 56 | 65 | 150 | 243 | 243 |
| 23 | 9 | 26 | 59 | 65 | 150 | 243 | 243 |
| 24 | 9 | 26 | 61 | 65 | 150 | 243 | 243 |
| 25 | 10 | 26 | 64 | 65 | 150 | 243 | 243 |
| 26 | 10 | 26 | 66 | 67 | 150 | 243 | 243 |
| 27 | 11 | 26 | 69 | 68 | 150 | 243 | 243 |
| 28 | 11 | 26 | 71 | 70 | 150 | 243 | 243 |
| 29 | 11 | 26 | 74 | 72 | 150 | 243 | 243 |
| 30 | 12 | 26 | 76 | 73 | 150 | 243 | 243 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

2

14

20

41

158

306

3 148

2

2

14

20

41

158

347

2 358

3

1

14

22

46

153

361

1 785

4

1

15

25

50

150

361

1 382

5

2

17

29

52

150

352

1 096

6

4

20

31

55

150

338

889

7

5

22

33

57

150

322

735

8

6

23

34

59

150

305

618

9

6

24

35

62

150

288

526

10

6

25

37

64

150

271

453

11

7

25

38

65

150

254

393

12

7

25

38

65

150

243

344

13

7

26

38

65

150

243

303

14

7

26

38

65

150

243

268

15

7

26

40

65

150

243

243

16

7

26

42

65

150

243

243

17

7

26

45

65

150

243

243

18

7

26

47

65

150

243

243

19

7

26

49

65

150

243

243

20

8

26

52

65

150

243

243

21

8

26

54

65

150

243

243

22

9

26

56

65

150

243

243

23

9

26

59

65

150

243

243

24

9

26

61

65

150

243

243

25

10

26

64

65

150

243

243

26

10

26

66

67

150

243

243

27

11

26

69

68

150

243

243

28

11

26

71

70

150

243

243

29

11

26

74

72

150

243

243

30

12

26

76

73

150

243

243

3.2.   Czech koruna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 14 | 26 | 32 | 53 | 170 | 318 | 3 284 |
| 2 | 15 | 27 | 34 | 55 | 171 | 357 | 2 437 |
| 3 | 15 | 27 | 36 | 59 | 166 | 370 | 1 837 |
| 4 | 14 | 28 | 38 | 63 | 163 | 368 | 1 419 |
| 5 | 15 | 29 | 41 | 64 | 162 | 359 | 1 124 |
| 6 | 15 | 31 | 42 | 66 | 162 | 345 | 911 |
| 7 | 16 | 33 | 43 | 67 | 161 | 328 | 753 |
| 8 | 15 | 33 | 44 | 69 | 160 | 311 | 632 |
| 9 | 15 | 33 | 45 | 71 | 160 | 293 | 538 |
| 10 | 15 | 33 | 46 | 73 | 159 | 276 | 463 |
| 11 | 15 | 33 | 46 | 73 | 158 | 259 | 402 |
| 12 | 14 | 33 | 45 | 73 | 158 | 251 | 352 |
| 13 | 14 | 32 | 45 | 72 | 157 | 250 | 310 |
| 14 | 13 | 32 | 44 | 71 | 157 | 250 | 274 |
| 15 | 13 | 31 | 44 | 71 | 156 | 249 | 249 |
| 16 | 12 | 31 | 43 | 71 | 156 | 249 | 249 |
| 17 | 12 | 31 | 45 | 71 | 156 | 249 | 249 |
| 18 | 12 | 31 | 48 | 70 | 156 | 249 | 249 |
| 19 | 12 | 31 | 51 | 71 | 156 | 249 | 249 |
| 20 | 13 | 31 | 52 | 71 | 156 | 249 | 249 |
| 21 | 13 | 32 | 55 | 71 | 156 | 249 | 249 |
| 22 | 13 | 32 | 58 | 71 | 157 | 250 | 250 |
| 23 | 13 | 32 | 60 | 71 | 157 | 250 | 250 |
| 24 | 13 | 32 | 63 | 71 | 157 | 250 | 250 |
| 25 | 13 | 32 | 65 | 71 | 157 | 250 | 250 |
| 26 | 13 | 32 | 68 | 71 | 157 | 250 | 250 |
| 27 | 13 | 32 | 70 | 71 | 157 | 250 | 250 |
| 28 | 13 | 32 | 73 | 71 | 156 | 249 | 249 |
| 29 | 13 | 31 | 75 | 73 | 156 | 249 | 249 |
| 30 | 13 | 31 | 77 | 75 | 156 | 249 | 249 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

14

26

32

53

170

318

3 284

2

15

27

34

55

171

357

2 437

3

15

27

36

59

166

370

1 837

4

14

28

38

63

163

368

1 419

5

15

29

41

64

162

359

1 124

6

15

31

42

66

162

345

911

7

16

33

43

67

161

328

753

8

15

33

44

69

160

311

632

9

15

33

45

71

160

293

538

10

15

33

46

73

159

276

463

11

15

33

46

73

158

259

402

12

14

33

45

73

158

251

352

13

14

32

45

72

157

250

310

14

13

32

44

71

157

250

274

15

13

31

44

71

156

249

249

16

12

31

43

71

156

249

249

17

12

31

45

71

156

249

249

18

12

31

48

70

156

249

249

19

12

31

51

71

156

249

249

20

13

31

52

71

156

249

249

21

13

32

55

71

156

249

249

22

13

32

58

71

157

250

250

23

13

32

60

71

157

250

250

24

13

32

63

71

157

250

250

25

13

32

65

71

157

250

250

26

13

32

68

71

157

250

250

27

13

32

70

71

157

250

250

28

13

32

73

71

156

249

249

29

13

31

75

73

156

249

249

30

13

31

77

75

156

249

249

3.3.   Danish krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 13 | 20 | 41 | 157 | 306 | 3 148 |
| 2 | 1 | 13 | 20 | 41 | 157 | 347 | 2 358 |
| 3 | 1 | 14 | 22 | 46 | 152 | 361 | 1 785 |
| 4 | 1 | 15 | 25 | 50 | 150 | 361 | 1 382 |
| 5 | 2 | 17 | 28 | 52 | 150 | 352 | 1 096 |
| 6 | 4 | 20 | 31 | 55 | 150 | 338 | 889 |
| 7 | 5 | 22 | 32 | 57 | 150 | 322 | 735 |
| 8 | 5 | 23 | 34 | 59 | 150 | 305 | 618 |
| 9 | 6 | 24 | 35 | 62 | 150 | 288 | 526 |
| 10 | 6 | 25 | 37 | 64 | 150 | 271 | 453 |
| 11 | 7 | 25 | 37 | 65 | 150 | 254 | 393 |
| 12 | 7 | 25 | 38 | 65 | 150 | 243 | 344 |
| 13 | 7 | 25 | 38 | 65 | 150 | 243 | 303 |
| 14 | 7 | 25 | 38 | 65 | 150 | 243 | 268 |
| 15 | 7 | 25 | 40 | 65 | 150 | 243 | 243 |
| 16 | 7 | 25 | 42 | 65 | 150 | 243 | 243 |
| 17 | 7 | 25 | 45 | 65 | 150 | 243 | 243 |
| 18 | 7 | 25 | 47 | 65 | 150 | 243 | 243 |
| 19 | 7 | 25 | 49 | 65 | 150 | 243 | 243 |
| 20 | 8 | 25 | 52 | 65 | 150 | 243 | 243 |
| 21 | 8 | 25 | 54 | 65 | 150 | 243 | 243 |
| 22 | 9 | 25 | 56 | 65 | 150 | 243 | 243 |
| 23 | 9 | 25 | 59 | 65 | 150 | 243 | 243 |
| 24 | 9 | 25 | 61 | 65 | 150 | 243 | 243 |
| 25 | 10 | 25 | 64 | 65 | 150 | 243 | 243 |
| 26 | 10 | 25 | 66 | 67 | 150 | 243 | 243 |
| 27 | 11 | 25 | 69 | 68 | 150 | 243 | 243 |
| 28 | 11 | 25 | 71 | 70 | 150 | 243 | 243 |
| 29 | 11 | 25 | 74 | 72 | 150 | 243 | 243 |
| 30 | 12 | 26 | 76 | 73 | 150 | 243 | 243 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

1

13

20

41

157

306

3 148

2

1

13

20

41

157

347

2 358

3

1

14

22

46

152

361

1 785

4

1

15

25

50

150

361

1 382

5

2

17

28

52

150

352

1 096

6

4

20

31

55

150

338

889

7

5

22

32

57

150

322

735

8

5

23

34

59

150

305

618

9

6

24

35

62

150

288

526

10

6

25

37

64

150

271

453

11

7

25

37

65

150

254

393

12

7

25

38

65

150

243

344

13

7

25

38

65

150

243

303

14

7

25

38

65

150

243

268

15

7

25

40

65

150

243

243

16

7

25

42

65

150

243

243

17

7

25

45

65

150

243

243

18

7

25

47

65

150

243

243

19

7

25

49

65

150

243

243

20

8

25

52

65

150

243

243

21

8

25

54

65

150

243

243

22

9

25

56

65

150

243

243

23

9

25

59

65

150

243

243

24

9

25

61

65

150

243

243

25

10

25

64

65

150

243

243

26

10

25

66

67

150

243

243

27

11

25

69

68

150

243

243

28

11

25

71

70

150

243

243

29

11

25

74

72

150

243

243

30

12

26

76

73

150

243

243

3.4.   Forint

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 75 | 87 | 94 | 115 | 231 | 333 | 3 461 |
| 2 | 72 | 84 | 90 | 111 | 228 | 376 | 2 581 |
| 3 | 73 | 86 | 95 | 118 | 225 | 390 | 1 947 |
| 4 | 72 | 85 | 95 | 120 | 220 | 388 | 1 501 |
| 5 | 71 | 85 | 97 | 120 | 218 | 377 | 1 186 |
| 6 | 70 | 86 | 97 | 122 | 217 | 362 | 959 |
| 7 | 70 | 87 | 97 | 122 | 215 | 344 | 791 |
| 8 | 69 | 87 | 97 | 123 | 214 | 325 | 663 |
| 9 | 69 | 87 | 98 | 125 | 213 | 306 | 564 |
| 10 | 66 | 84 | 96 | 123 | 210 | 303 | 485 |
| 11 | 64 | 82 | 95 | 122 | 208 | 301 | 421 |
| 12 | 63 | 81 | 94 | 121 | 206 | 299 | 368 |
| 13 | 62 | 81 | 93 | 120 | 206 | 299 | 324 |
| 14 | 62 | 80 | 93 | 120 | 205 | 298 | 298 |
| 15 | 62 | 80 | 93 | 120 | 205 | 298 | 298 |
| 16 | 61 | 80 | 92 | 119 | 205 | 298 | 298 |
| 17 | 61 | 79 | 92 | 119 | 204 | 297 | 297 |
| 18 | 60 | 79 | 91 | 118 | 204 | 297 | 297 |
| 19 | 60 | 78 | 91 | 118 | 203 | 296 | 296 |
| 20 | 59 | 78 | 90 | 117 | 203 | 296 | 296 |
| 21 | 58 | 77 | 89 | 117 | 202 | 295 | 295 |
| 22 | 58 | 76 | 89 | 116 | 201 | 294 | 294 |
| 23 | 57 | 75 | 88 | 115 | 200 | 293 | 293 |
| 24 | 56 | 74 | 87 | 114 | 199 | 292 | 292 |
| 25 | 55 | 73 | 86 | 113 | 198 | 291 | 291 |
| 26 | 54 | 72 | 85 | 112 | 197 | 290 | 290 |
| 27 | 53 | 71 | 84 | 111 | 196 | 289 | 289 |
| 28 | 52 | 70 | 83 | 110 | 195 | 288 | 288 |
| 29 | 51 | 69 | 82 | 109 | 194 | 287 | 287 |
| 30 | 50 | 68 | 80 | 108 | 193 | 286 | 286 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

75

87

94

115

231

333

3 461

2

72

84

90

111

228

376

2 581

3

73

86

95

118

225

390

1 947

4

72

85

95

120

220

388

1 501

5

71

85

97

120

218

377

1 186

6

70

86

97

122

217

362

959

7

70

87

97

122

215

344

791

8

69

87

97

123

214

325

663

9

69

87

98

125

213

306

564

10

66

84

96

123

210

303

485

11

64

82

95

122

208

301

421

12

63

81

94

121

206

299

368

13

62

81

93

120

206

299

324

14

62

80

93

120

205

298

298

15

62

80

93

120

205

298

298

16

61

80

92

119

205

298

298

17

61

79

92

119

204

297

297

18

60

79

91

118

204

297

297

19

60

78

91

118

203

296

296

20

59

78

90

117

203

296

296

21

58

77

89

117

202

295

295

22

58

76

89

116

201

294

294

23

57

75

88

115

200

293

293

24

56

74

87

114

199

292

292

25

55

73

86

113

198

291

291

26

54

72

85

112

197

290

290

27

53

71

84

111

196

289

289

28

52

70

83

110

195

288

288

29

51

69

82

109

194

287

287

30

50

68

80

108

193

286

286

3.5.   Krona

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 18 | 24 | 45 | 162 | 306 | 3 156 |
| 2 | 7 | 19 | 26 | 47 | 163 | 348 | 2 364 |
| 3 | 8 | 21 | 29 | 53 | 159 | 362 | 1 790 |
| 4 | 9 | 22 | 32 | 57 | 157 | 361 | 1 385 |
| 5 | 10 | 25 | 36 | 59 | 158 | 352 | 1 098 |
| 6 | 11 | 27 | 38 | 62 | 158 | 339 | 891 |
| 7 | 12 | 29 | 40 | 64 | 157 | 323 | 737 |
| 8 | 12 | 30 | 40 | 66 | 157 | 306 | 619 |
| 9 | 12 | 30 | 42 | 68 | 157 | 288 | 527 |
| 10 | 12 | 31 | 43 | 70 | 156 | 271 | 453 |
| 11 | 12 | 31 | 43 | 71 | 156 | 255 | 394 |
| 12 | 13 | 31 | 44 | 71 | 156 | 249 | 345 |
| 13 | 13 | 31 | 44 | 71 | 156 | 249 | 304 |
| 14 | 13 | 31 | 44 | 71 | 156 | 249 | 269 |
| 15 | 13 | 31 | 44 | 71 | 156 | 249 | 249 |
| 16 | 13 | 31 | 44 | 71 | 156 | 249 | 249 |
| 17 | 13 | 32 | 45 | 71 | 156 | 249 | 249 |
| 18 | 13 | 32 | 47 | 71 | 157 | 250 | 250 |
| 19 | 14 | 32 | 49 | 72 | 157 | 250 | 250 |
| 20 | 14 | 33 | 52 | 72 | 157 | 250 | 250 |
| 21 | 14 | 33 | 55 | 73 | 158 | 251 | 251 |
| 22 | 15 | 33 | 56 | 73 | 158 | 251 | 251 |
| 23 | 15 | 33 | 59 | 73 | 158 | 251 | 251 |
| 24 | 15 | 33 | 61 | 73 | 158 | 251 | 251 |
| 25 | 15 | 33 | 64 | 73 | 158 | 251 | 251 |
| 26 | 15 | 33 | 66 | 73 | 158 | 251 | 251 |
| 27 | 15 | 33 | 69 | 73 | 158 | 251 | 251 |
| 28 | 15 | 33 | 71 | 73 | 158 | 251 | 251 |
| 29 | 15 | 33 | 74 | 73 | 158 | 251 | 251 |
| 30 | 14 | 33 | 76 | 75 | 158 | 251 | 251 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

18

24

45

162

306

3 156

2

7

19

26

47

163

348

2 364

3

8

21

29

53

159

362

1 790

4

9

22

32

57

157

361

1 385

5

10

25

36

59

158

352

1 098

6

11

27

38

62

158

339

891

7

12

29

40

64

157

323

737

8

12

30

40

66

157

306

619

9

12

30

42

68

157

288

527

10

12

31

43

70

156

271

453

11

12

31

43

71

156

255

394

12

13

31

44

71

156

249

345

13

13

31

44

71

156

249

304

14

13

31

44

71

156

249

269

15

13

31

44

71

156

249

249

16

13

31

44

71

156

249

249

17

13

32

45

71

156

249

249

18

13

32

47

71

157

250

250

19

14

32

49

72

157

250

250

20

14

33

52

72

157

250

250

21

14

33

55

73

158

251

251

22

15

33

56

73

158

251

251

23

15

33

59

73

158

251

251

24

15

33

61

73

158

251

251

25

15

33

64

73

158

251

251

26

15

33

66

73

158

251

251

27

15

33

69

73

158

251

251

28

15

33

71

73

158

251

251

29

15

33

74

73

158

251

251

30

14

33

76

75

158

251

251

3.6.   Lev

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 13 | 19 | 40 | 157 | 305 | 3 146 |
| 2 | 1 | 13 | 19 | 40 | 157 | 346 | 2 356 |
| 3 | 1 | 13 | 22 | 45 | 152 | 361 | 1 784 |
| 4 | 1 | 14 | 24 | 49 | 149 | 360 | 1 381 |
| 5 | 2 | 16 | 28 | 51 | 149 | 352 | 1 095 |
| 6 | 3 | 19 | 30 | 54 | 149 | 338 | 889 |
| 7 | 5 | 21 | 32 | 56 | 149 | 322 | 735 |
| 8 | 5 | 22 | 33 | 59 | 149 | 305 | 617 |
| 9 | 5 | 23 | 35 | 61 | 149 | 288 | 526 |
| 10 | 6 | 24 | 36 | 63 | 149 | 271 | 453 |
| 11 | 6 | 24 | 37 | 64 | 149 | 254 | 393 |
| 12 | 6 | 24 | 37 | 64 | 149 | 242 | 344 |
| 13 | 6 | 25 | 37 | 64 | 149 | 242 | 303 |
| 14 | 6 | 25 | 37 | 64 | 149 | 242 | 268 |
| 15 | 6 | 25 | 40 | 64 | 149 | 242 | 242 |
| 16 | 6 | 25 | 42 | 64 | 149 | 242 | 242 |
| 17 | 6 | 25 | 45 | 64 | 149 | 242 | 242 |
| 18 | 6 | 25 | 47 | 64 | 149 | 242 | 242 |
| 19 | 7 | 25 | 49 | 64 | 149 | 242 | 242 |
| 20 | 8 | 25 | 52 | 64 | 149 | 242 | 242 |
| 21 | 8 | 25 | 54 | 64 | 149 | 242 | 242 |
| 22 | 9 | 25 | 56 | 64 | 149 | 242 | 242 |
| 23 | 9 | 25 | 59 | 64 | 149 | 242 | 242 |
| 24 | 9 | 25 | 61 | 64 | 150 | 243 | 243 |
| 25 | 10 | 25 | 64 | 65 | 150 | 243 | 243 |
| 26 | 10 | 25 | 66 | 67 | 150 | 243 | 243 |
| 27 | 11 | 25 | 69 | 68 | 150 | 243 | 243 |
| 28 | 11 | 25 | 71 | 70 | 150 | 243 | 243 |
| 29 | 11 | 25 | 74 | 72 | 150 | 243 | 243 |
| 30 | 12 | 26 | 76 | 73 | 150 | 243 | 243 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

1

13

19

40

157

305

3 146

2

1

13

19

40

157

346

2 356

3

1

13

22

45

152

361

1 784

4

1

14

24

49

149

360

1 381

5

2

16

28

51

149

352

1 095

6

3

19

30

54

149

338

889

7

5

21

32

56

149

322

735

8

5

22

33

59

149

305

617

9

5

23

35

61

149

288

526

10

6

24

36

63

149

271

453

11

6

24

37

64

149

254

393

12

6

24

37

64

149

242

344

13

6

25

37

64

149

242

303

14

6

25

37

64

149

242

268

15

6

25

40

64

149

242

242

16

6

25

42

64

149

242

242

17

6

25

45

64

149

242

242

18

6

25

47

64

149

242

242

19

7

25

49

64

149

242

242

20

8

25

52

64

149

242

242

21

8

25

54

64

149

242

242

22

9

25

56

64

149

242

242

23

9

25

59

64

149

242

242

24

9

25

61

64

150

243

243

25

10

25

64

65

150

243

243

26

10

25

66

67

150

243

243

27

11

25

69

68

150

243

243

28

11

25

71

70

150

243

243

29

11

25

74

72

150

243

243

30

12

26

76

73

150

243

243

3.7.   Pound sterling

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 10 | 21 | 44 | 176 | 315 | 3 253 |
| 2 | 0 | 10 | 21 | 44 | 176 | 358 | 2 441 |
| 3 | 1 | 10 | 23 | 49 | 171 | 373 | 1 848 |
| 4 | 1 | 13 | 26 | 54 | 168 | 372 | 1 429 |
| 5 | 2 | 16 | 28 | 58 | 167 | 362 | 1 132 |
| 6 | 2 | 18 | 33 | 59 | 165 | 348 | 917 |
| 7 | 4 | 21 | 36 | 60 | 164 | 331 | 757 |
| 8 | 6 | 24 | 37 | 59 | 163 | 313 | 635 |
| 9 | 9 | 31 | 42 | 59 | 162 | 295 | 540 |
| 10 | 11 | 34 | 42 | 58 | 161 | 277 | 465 |
| 11 | 10 | 33 | 42 | 57 | 161 | 260 | 403 |
| 12 | 9 | 32 | 42 | 57 | 160 | 253 | 353 |
| 13 | 8 | 31 | 42 | 58 | 159 | 252 | 310 |
| 14 | 8 | 31 | 43 | 58 | 158 | 251 | 275 |
| 15 | 9 | 31 | 43 | 58 | 158 | 251 | 251 |
| 16 | 9 | 31 | 44 | 58 | 156 | 249 | 249 |
| 17 | 9 | 31 | 45 | 58 | 156 | 249 | 249 |
| 18 | 9 | 32 | 48 | 58 | 155 | 248 | 248 |
| 19 | 9 | 32 | 51 | 58 | 155 | 248 | 248 |
| 20 | 9 | 32 | 52 | 58 | 155 | 248 | 248 |
| 21 | 9 | 32 | 55 | 58 | 156 | 249 | 249 |
| 22 | 9 | 32 | 58 | 60 | 155 | 248 | 248 |
| 23 | 9 | 32 | 60 | 62 | 155 | 248 | 248 |
| 24 | 10 | 32 | 63 | 64 | 154 | 247 | 247 |
| 25 | 10 | 32 | 65 | 65 | 153 | 246 | 246 |
| 26 | 10 | 32 | 68 | 67 | 153 | 246 | 246 |
| 27 | 11 | 32 | 70 | 69 | 152 | 245 | 245 |
| 28 | 11 | 32 | 73 | 71 | 152 | 245 | 245 |
| 29 | 11 | 32 | 75 | 73 | 151 | 244 | 244 |
| 30 | 12 | 32 | 77 | 75 | 151 | 244 | 244 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

10

21

44

176

315

3 253

2

0

10

21

44

176

358

2 441

3

1

10

23

49

171

373

1 848

4

1

13

26

54

168

372

1 429

5

2

16

28

58

167

362

1 132

6

2

18

33

59

165

348

917

7

4

21

36

60

164

331

757

8

6

24

37

59

163

313

635

9

9

31

42

59

162

295

540

10

11

34

42

58

161

277

465

11

10

33

42

57

161

260

403

12

9

32

42

57

160

253

353

13

8

31

42

58

159

252

310

14

8

31

43

58

158

251

275

15

9

31

43

58

158

251

251

16

9

31

44

58

156

249

249

17

9

31

45

58

156

249

249

18

9

32

48

58

155

248

248

19

9

32

51

58

155

248

248

20

9

32

52

58

155

248

248

21

9

32

55

58

156

249

249

22

9

32

58

60

155

248

248

23

9

32

60

62

155

248

248

24

10

32

63

64

154

247

247

25

10

32

65

65

153

246

246

26

10

32

68

67

153

246

246

27

11

32

70

69

152

245

245

28

11

32

73

71

152

245

245

29

11

32

75

73

151

244

244

30

12

32

77

75

151

244

244

3.8.   Romanian leu

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 79 | 91 | 98 | 119 | 235 | 330 | 3 258 |
| 2 | 78 | 90 | 97 | 117 | 234 | 359 | 2 451 |
| 3 | 76 | 89 | 98 | 121 | 228 | 376 | 1 865 |
| 4 | 75 | 89 | 99 | 124 | 224 | 377 | 1 448 |
| 5 | 74 | 89 | 100 | 123 | 222 | 369 | 1 152 |
| 6 | 74 | 90 | 101 | 125 | 220 | 356 | 936 |
| 7 | 73 | 90 | 100 | 125 | 218 | 340 | 775 |
| 8 | 71 | 89 | 100 | 125 | 216 | 322 | 651 |
| 9 | 70 | 88 | 99 | 126 | 214 | 307 | 555 |
| 10 | 69 | 87 | 100 | 127 | 213 | 306 | 478 |
| 11 | 68 | 86 | 99 | 126 | 211 | 304 | 415 |
| 12 | 66 | 85 | 98 | 125 | 210 | 303 | 363 |
| 13 | 65 | 84 | 96 | 123 | 209 | 302 | 319 |
| 14 | 64 | 82 | 95 | 122 | 207 | 300 | 300 |
| 15 | 63 | 81 | 93 | 121 | 206 | 299 | 299 |
| 16 | 61 | 80 | 92 | 120 | 205 | 298 | 298 |
| 17 | 60 | 79 | 91 | 119 | 204 | 297 | 297 |
| 18 | 60 | 78 | 90 | 118 | 203 | 296 | 296 |
| 19 | 59 | 77 | 90 | 117 | 202 | 295 | 295 |
| 20 | 58 | 76 | 89 | 116 | 201 | 294 | 294 |
| 21 | 57 | 76 | 88 | 115 | 200 | 293 | 293 |
| 22 | 56 | 75 | 87 | 114 | 199 | 292 | 292 |
| 23 | 55 | 73 | 86 | 113 | 198 | 291 | 291 |
| 24 | 54 | 72 | 85 | 112 | 197 | 290 | 290 |
| 25 | 53 | 71 | 84 | 111 | 196 | 289 | 289 |
| 26 | 52 | 70 | 82 | 110 | 195 | 288 | 288 |
| 27 | 50 | 69 | 81 | 109 | 194 | 287 | 287 |
| 28 | 49 | 68 | 80 | 107 | 193 | 286 | 286 |
| 29 | 48 | 67 | 79 | 106 | 192 | 285 | 285 |
| 30 | 47 | 66 | 80 | 105 | 191 | 284 | 284 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

79

91

98

119

235

330

3 258

2

78

90

97

117

234

359

2 451

3

76

89

98

121

228

376

1 865

4

75

89

99

124

224

377

1 448

5

74

89

100

123

222

369

1 152

6

74

90

101

125

220

356

936

7

73

90

100

125

218

340

775

8

71

89

100

125

216

322

651

9

70

88

99

126

214

307

555

10

69

87

100

127

213

306

478

11

68

86

99

126

211

304

415

12

66

85

98

125

210

303

363

13

65

84

96

123

209

302

319

14

64

82

95

122

207

300

300

15

63

81

93

121

206

299

299

16

61

80

92

120

205

298

298

17

60

79

91

119

204

297

297

18

60

78

90

118

203

296

296

19

59

77

90

117

202

295

295

20

58

76

89

116

201

294

294

21

57

76

88

115

200

293

293

22

56

75

87

114

199

292

292

23

55

73

86

113

198

291

291

24

54

72

85

112

197

290

290

25

53

71

84

111

196

289

289

26

52

70

82

110

195

288

288

27

50

69

81

109

194

287

287

28

49

68

80

107

193

286

286

29

48

67

79

106

192

285

285

30

47

66

80

105

191

284

284

3.9.   Zloty

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 52 | 64 | 71 | 92 | 208 | 314 | 3 247 |
| 2 | 52 | 64 | 70 | 91 | 207 | 357 | 2 433 |
| 3 | 51 | 64 | 72 | 95 | 202 | 372 | 1 845 |
| 4 | 50 | 64 | 74 | 99 | 199 | 373 | 1 431 |
| 5 | 50 | 64 | 76 | 99 | 198 | 364 | 1 136 |
| 6 | 50 | 65 | 77 | 101 | 196 | 350 | 923 |
| 7 | 50 | 67 | 77 | 101 | 195 | 334 | 764 |
| 8 | 49 | 66 | 77 | 103 | 194 | 317 | 642 |
| 9 | 48 | 66 | 77 | 104 | 192 | 299 | 547 |
| 10 | 47 | 65 | 78 | 105 | 191 | 284 | 471 |
| 11 | 47 | 65 | 78 | 105 | 190 | 283 | 409 |
| 12 | 46 | 65 | 77 | 104 | 189 | 282 | 358 |
| 13 | 45 | 64 | 76 | 104 | 189 | 282 | 315 |
| 14 | 45 | 63 | 76 | 103 | 188 | 281 | 281 |
| 15 | 44 | 63 | 75 | 102 | 188 | 281 | 281 |
| 16 | 43 | 62 | 74 | 102 | 187 | 280 | 280 |
| 17 | 43 | 62 | 74 | 101 | 186 | 279 | 279 |
| 18 | 42 | 61 | 73 | 101 | 186 | 279 | 279 |
| 19 | 42 | 61 | 73 | 100 | 185 | 278 | 278 |
| 20 | 42 | 60 | 73 | 100 | 185 | 278 | 278 |
| 21 | 42 | 60 | 72 | 100 | 185 | 278 | 278 |
| 22 | 41 | 60 | 72 | 99 | 184 | 277 | 277 |
| 23 | 41 | 59 | 71 | 99 | 184 | 277 | 277 |
| 24 | 40 | 58 | 71 | 98 | 183 | 276 | 276 |
| 25 | 39 | 58 | 70 | 97 | 183 | 276 | 276 |
| 26 | 38 | 57 | 69 | 97 | 182 | 275 | 275 |
| 27 | 38 | 56 | 71 | 96 | 181 | 274 | 274 |
| 28 | 37 | 56 | 74 | 95 | 180 | 273 | 273 |
| 29 | 36 | 55 | 76 | 94 | 180 | 273 | 273 |
| 30 | 36 | 54 | 79 | 94 | 179 | 272 | 272 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

52

64

71

92

208

314

3 247

2

52

64

70

91

207

357

2 433

3

51

64

72

95

202

372

1 845

4

50

64

74

99

199

373

1 431

5

50

64

76

99

198

364

1 136

6

50

65

77

101

196

350

923

7

50

67

77

101

195

334

764

8

49

66

77

103

194

317

642

9

48

66

77

104

192

299

547

10

47

65

78

105

191

284

471

11

47

65

78

105

190

283

409

12

46

65

77

104

189

282

358

13

45

64

76

104

189

282

315

14

45

63

76

103

188

281

281

15

44

63

75

102

188

281

281

16

43

62

74

102

187

280

280

17

43

62

74

101

186

279

279

18

42

61

73

101

186

279

279

19

42

61

73

100

185

278

278

20

42

60

73

100

185

278

278

21

42

60

72

100

185

278

278

22

41

60

72

99

184

277

277

23

41

59

71

99

184

277

277

24

40

58

71

98

183

276

276

25

39

58

70

97

183

276

276

26

38

57

69

97

182

275

275

27

38

56

71

96

181

274

274

28

37

56

74

95

180

273

273

29

36

55

76

94

180

273

273

30

36

54

79

94

179

272

272

3.10.   Króna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 86 | 98 | 105 | 126 | 242 | 337 | 3 399 |
| 2 | 86 | 98 | 104 | 125 | 242 | 370 | 2 537 |
| 3 | 84 | 97 | 105 | 129 | 235 | 385 | 1 916 |
| 4 | 83 | 97 | 107 | 131 | 232 | 383 | 1 479 |
| 5 | 83 | 98 | 109 | 132 | 231 | 373 | 1 170 |
| 6 | 84 | 100 | 111 | 135 | 230 | 358 | 947 |
| 7 | 85 | 102 | 112 | 137 | 230 | 340 | 781 |
| 8 | 85 | 102 | 113 | 139 | 230 | 323 | 655 |
| 9 | 86 | 103 | 115 | 142 | 230 | 323 | 556 |
| 10 | 86 | 104 | 117 | 144 | 230 | 323 | 478 |
| 11 | 86 | 104 | 117 | 144 | 230 | 323 | 414 |
| 12 | 85 | 104 | 116 | 144 | 229 | 322 | 362 |
| 13 | 84 | 103 | 115 | 143 | 228 | 321 | 321 |
| 14 | 83 | 102 | 114 | 142 | 227 | 320 | 320 |
| 15 | 82 | 101 | 113 | 140 | 226 | 319 | 319 |
| 16 | 81 | 100 | 112 | 139 | 225 | 318 | 318 |
| 17 | 80 | 99 | 111 | 138 | 224 | 317 | 317 |
| 18 | 79 | 98 | 110 | 137 | 223 | 316 | 316 |
| 19 | 78 | 97 | 109 | 136 | 222 | 315 | 315 |
| 20 | 77 | 96 | 108 | 135 | 220 | 313 | 313 |
| 21 | 76 | 94 | 107 | 134 | 219 | 312 | 312 |
| 22 | 74 | 93 | 105 | 133 | 218 | 311 | 311 |
| 23 | 73 | 92 | 104 | 131 | 216 | 309 | 309 |
| 24 | 72 | 90 | 102 | 130 | 215 | 308 | 308 |
| 25 | 70 | 89 | 101 | 128 | 213 | 306 | 306 |
| 26 | 68 | 87 | 99 | 127 | 212 | 305 | 305 |
| 27 | 67 | 85 | 98 | 125 | 210 | 303 | 303 |
| 28 | 65 | 84 | 96 | 124 | 209 | 302 | 302 |
| 29 | 64 | 83 | 95 | 122 | 207 | 300 | 300 |
| 30 | 62 | 81 | 93 | 121 | 206 | 299 | 299 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

86

98

105

126

242

337

3 399

2

86

98

104

125

242

370

2 537

3

84

97

105

129

235

385

1 916

4

83

97

107

131

232

383

1 479

5

83

98

109

132

231

373

1 170

6

84

100

111

135

230

358

947

7

85

102

112

137

230

340

781

8

85

102

113

139

230

323

655

9

86

103

115

142

230

323

556

10

86

104

117

144

230

323

478

11

86

104

117

144

230

323

414

12

85

104

116

144

229

322

362

13

84

103

115

143

228

321

321

14

83

102

114

142

227

320

320

15

82

101

113

140

226

319

319

16

81

100

112

139

225

318

318

17

80

99

111

138

224

317

317

18

79

98

110

137

223

316

316

19

78

97

109

136

222

315

315

20

77

96

108

135

220

313

313

21

76

94

107

134

219

312

312

22

74

93

105

133

218

311

311

23

73

92

104

131

216

309

309

24

72

90

102

130

215

308

308

25

70

89

101

128

213

306

306

26

68

87

99

127

212

305

305

27

67

85

98

125

210

303

303

28

65

84

96

124

209

302

302

29

64

83

95

122

207

300

300

30

62

81

93

121

206

299

299

3.11.   Norwegian krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 26 | 38 | 45 | 66 | 182 | 310 | 3 193 |
| 2 | 27 | 39 | 46 | 66 | 183 | 352 | 2 394 |
| 3 | 26 | 39 | 47 | 71 | 177 | 366 | 1 814 |
| 4 | 25 | 39 | 49 | 74 | 174 | 366 | 1 404 |
| 5 | 25 | 40 | 52 | 75 | 173 | 357 | 1 113 |
| 6 | 26 | 42 | 53 | 77 | 173 | 343 | 903 |
| 7 | 27 | 44 | 54 | 78 | 172 | 327 | 746 |
| 8 | 26 | 44 | 55 | 80 | 171 | 310 | 627 |
| 9 | 26 | 44 | 55 | 82 | 170 | 292 | 534 |
| 10 | 26 | 44 | 56 | 83 | 170 | 275 | 459 |
| 11 | 25 | 44 | 56 | 84 | 169 | 262 | 399 |
| 12 | 25 | 43 | 56 | 83 | 168 | 261 | 349 |
| 13 | 24 | 43 | 55 | 82 | 168 | 261 | 307 |
| 14 | 24 | 42 | 55 | 82 | 167 | 260 | 272 |
| 15 | 23 | 42 | 54 | 81 | 167 | 260 | 260 |
| 16 | 23 | 41 | 53 | 81 | 166 | 259 | 259 |
| 17 | 22 | 41 | 53 | 80 | 166 | 259 | 259 |
| 18 | 22 | 41 | 53 | 80 | 165 | 258 | 258 |
| 19 | 22 | 40 | 53 | 80 | 165 | 258 | 258 |
| 20 | 22 | 41 | 53 | 80 | 165 | 258 | 258 |
| 21 | 22 | 41 | 55 | 80 | 166 | 259 | 259 |
| 22 | 22 | 41 | 57 | 80 | 165 | 258 | 258 |
| 23 | 22 | 40 | 60 | 80 | 165 | 258 | 258 |
| 24 | 22 | 40 | 63 | 80 | 165 | 258 | 258 |
| 25 | 21 | 40 | 64 | 80 | 165 | 258 | 258 |
| 26 | 21 | 40 | 67 | 79 | 165 | 258 | 258 |
| 27 | 21 | 39 | 69 | 79 | 164 | 257 | 257 |
| 28 | 20 | 39 | 71 | 79 | 164 | 257 | 257 |
| 29 | 20 | 39 | 75 | 78 | 164 | 257 | 257 |
| 30 | 20 | 38 | 77 | 78 | 163 | 256 | 256 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

26

38

45

66

182

310

3 193

2

27

39

46

66

183

352

2 394

3

26

39

47

71

177

366

1 814

4

25

39

49

74

174

366

1 404

5

25

40

52

75

173

357

1 113

6

26

42

53

77

173

343

903

7

27

44

54

78

172

327

746

8

26

44

55

80

171

310

627

9

26

44

55

82

170

292

534

10

26

44

56

83

170

275

459

11

25

44

56

84

169

262

399

12

25

43

56

83

168

261

349

13

24

43

55

82

168

261

307

14

24

42

55

82

167

260

272

15

23

42

54

81

167

260

260

16

23

41

53

81

166

259

259

17

22

41

53

80

166

259

259

18

22

41

53

80

165

258

258

19

22

40

53

80

165

258

258

20

22

41

53

80

165

258

258

21

22

41

55

80

166

259

259

22

22

41

57

80

165

258

258

23

22

40

60

80

165

258

258

24

22

40

63

80

165

258

258

25

21

40

64

80

165

258

258

26

21

40

67

79

165

258

258

27

21

39

69

79

164

257

257

28

20

39

71

79

164

257

257

29

20

39

75

78

164

257

257

30

20

38

77

78

163

256

256

3.12.   Swiss franc

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 4 | 23 | 139 | 297 | 3 050 |
| 2 | 0 | 1 | 6 | 23 | 140 | 337 | 2 287 |
| 3 | 1 | 1 | 9 | 28 | 135 | 352 | 1 736 |
| 4 | 1 | 3 | 12 | 32 | 133 | 353 | 1 346 |
| 5 | 1 | 4 | 15 | 35 | 133 | 344 | 1 069 |
| 6 | 2 | 4 | 17 | 38 | 133 | 331 | 868 |
| 7 | 2 | 6 | 20 | 40 | 133 | 316 | 719 |
| 8 | 2 | 7 | 21 | 42 | 133 | 299 | 604 |
| 9 | 4 | 7 | 24 | 45 | 133 | 283 | 515 |
| 10 | 4 | 9 | 27 | 47 | 133 | 266 | 443 |
| 11 | 4 | 9 | 29 | 48 | 134 | 250 | 385 |
| 12 | 4 | 10 | 32 | 47 | 133 | 234 | 337 |
| 13 | 5 | 11 | 34 | 48 | 134 | 227 | 297 |
| 14 | 5 | 11 | 37 | 48 | 133 | 226 | 263 |
| 15 | 6 | 13 | 39 | 47 | 132 | 225 | 234 |
| 16 | 6 | 13 | 41 | 46 | 131 | 224 | 224 |
| 17 | 6 | 15 | 44 | 49 | 131 | 224 | 224 |
| 18 | 6 | 15 | 46 | 50 | 132 | 225 | 225 |
| 19 | 7 | 16 | 48 | 52 | 132 | 225 | 225 |
| 20 | 7 | 17 | 51 | 54 | 132 | 225 | 225 |
| 21 | 8 | 18 | 53 | 57 | 133 | 226 | 226 |
| 22 | 9 | 18 | 56 | 58 | 133 | 226 | 226 |
| 23 | 9 | 20 | 58 | 60 | 133 | 226 | 226 |
| 24 | 9 | 20 | 60 | 62 | 132 | 225 | 225 |
| 25 | 10 | 22 | 63 | 63 | 132 | 225 | 225 |
| 26 | 10 | 22 | 65 | 65 | 134 | 225 | 225 |
| 27 | 10 | 23 | 68 | 67 | 135 | 225 | 225 |
| 28 | 11 | 24 | 70 | 69 | 137 | 225 | 225 |
| 29 | 11 | 25 | 72 | 71 | 137 | 225 | 225 |
| 30 | 12 | 26 | 75 | 73 | 139 | 225 | 225 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

0

4

23

139

297

3 050

2

0

1

6

23

140

337

2 287

3

1

1

9

28

135

352

1 736

4

1

3

12

32

133

353

1 346

5

1

4

15

35

133

344

1 069

6

2

4

17

38

133

331

868

7

2

6

20

40

133

316

719

8

2

7

21

42

133

299

604

9

4

7

24

45

133

283

515

10

4

9

27

47

133

266

443

11

4

9

29

48

134

250

385

12

4

10

32

47

133

234

337

13

5

11

34

48

134

227

297

14

5

11

37

48

133

226

263

15

6

13

39

47

132

225

234

16

6

13

41

46

131

224

224

17

6

15

44

49

131

224

224

18

6

15

46

50

132

225

225

19

7

16

48

52

132

225

225

20

7

17

51

54

132

225

225

21

8

18

53

57

133

226

226

22

9

18

56

58

133

226

226

23

9

20

58

60

133

226

226

24

9

20

60

62

132

225

225

25

10

22

63

63

132

225

225

26

10

22

65

65

134

225

225

27

10

23

68

67

135

225

225

28

11

24

70

69

137

225

225

29

11

25

72

71

137

225

225

30

12

26

75

73

139

225

225

3.13.   Australian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 39 | 51 | 58 | 79 | 195 | 309 | 3 186 |
| 2 | 39 | 52 | 58 | 79 | 195 | 351 | 2 389 |
| 3 | 39 | 52 | 60 | 84 | 190 | 366 | 1 811 |
| 4 | 38 | 52 | 62 | 87 | 187 | 366 | 1 403 |
| 5 | 39 | 53 | 65 | 88 | 187 | 357 | 1 114 |
| 6 | 39 | 55 | 66 | 90 | 186 | 344 | 905 |
| 7 | 40 | 57 | 67 | 92 | 185 | 328 | 749 |
| 8 | 39 | 57 | 68 | 93 | 184 | 311 | 630 |
| 9 | 39 | 57 | 68 | 95 | 183 | 294 | 537 |
| 10 | 39 | 57 | 69 | 96 | 183 | 277 | 462 |
| 11 | 38 | 57 | 69 | 96 | 182 | 275 | 401 |
| 12 | 38 | 56 | 69 | 96 | 181 | 274 | 351 |
| 13 | 37 | 56 | 68 | 95 | 181 | 274 | 310 |
| 14 | 37 | 55 | 68 | 95 | 180 | 273 | 274 |
| 15 | 36 | 55 | 67 | 94 | 179 | 272 | 272 |
| 16 | 35 | 54 | 66 | 93 | 179 | 272 | 272 |
| 17 | 35 | 53 | 66 | 93 | 178 | 271 | 271 |
| 18 | 34 | 53 | 65 | 93 | 178 | 271 | 271 |
| 19 | 34 | 53 | 65 | 92 | 177 | 270 | 270 |
| 20 | 34 | 52 | 65 | 92 | 177 | 270 | 270 |
| 21 | 34 | 52 | 64 | 92 | 177 | 270 | 270 |
| 22 | 33 | 52 | 64 | 91 | 176 | 269 | 269 |
| 23 | 32 | 51 | 63 | 91 | 176 | 269 | 269 |
| 24 | 32 | 50 | 63 | 90 | 175 | 268 | 268 |
| 25 | 31 | 50 | 65 | 89 | 175 | 268 | 268 |
| 26 | 30 | 49 | 68 | 89 | 174 | 267 | 267 |
| 27 | 30 | 48 | 70 | 88 | 173 | 266 | 266 |
| 28 | 29 | 47 | 73 | 87 | 172 | 265 | 265 |
| 29 | 28 | 47 | 75 | 86 | 172 | 265 | 265 |
| 30 | 27 | 46 | 77 | 86 | 171 | 264 | 264 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

39

51

58

79

195

309

3 186

2

39

52

58

79

195

351

2 389

3

39

52

60

84

190

366

1 811

4

38

52

62

87

187

366

1 403

5

39

53

65

88

187

357

1 114

6

39

55

66

90

186

344

905

7

40

57

67

92

185

328

749

8

39

57

68

93

184

311

630

9

39

57

68

95

183

294

537

10

39

57

69

96

183

277

462

11

38

57

69

96

182

275

401

12

38

56

69

96

181

274

351

13

37

56

68

95

181

274

310

14

37

55

68

95

180

273

274

15

36

55

67

94

179

272

272

16

35

54

66

93

179

272

272

17

35

53

66

93

178

271

271

18

34

53

65

93

178

271

271

19

34

53

65

92

177

270

270

20

34

52

65

92

177

270

270

21

34

52

64

92

177

270

270

22

33

52

64

91

176

269

269

23

32

51

63

91

176

269

269

24

32

50

63

90

175

268

268

25

31

50

65

89

175

268

268

26

30

49

68

89

174

267

267

27

30

48

70

88

173

266

266

28

29

47

73

87

172

265

265

29

28

47

75

86

172

265

265

30

27

46

77

86

171

264

264

3.14.   Baht

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 12 | 24 | 30 | 51 | 168 | 297 | 3 048 |
| 2 | 15 | 27 | 34 | 55 | 171 | 338 | 2 291 |
| 3 | 18 | 31 | 39 | 63 | 169 | 353 | 1 741 |
| 4 | 20 | 34 | 44 | 69 | 169 | 354 | 1 351 |
| 5 | 23 | 37 | 49 | 72 | 171 | 346 | 1 074 |
| 6 | 23 | 38 | 49 | 74 | 169 | 333 | 873 |
| 7 | 27 | 44 | 55 | 79 | 172 | 318 | 723 |
| 8 | 27 | 44 | 55 | 80 | 171 | 302 | 609 |
| 9 | 28 | 46 | 57 | 84 | 172 | 285 | 519 |
| 10 | 29 | 48 | 60 | 87 | 173 | 269 | 447 |
| 11 | 31 | 49 | 62 | 89 | 174 | 267 | 389 |
| 12 | 31 | 50 | 62 | 90 | 175 | 268 | 341 |
| 13 | 32 | 50 | 63 | 90 | 175 | 268 | 300 |
| 14 | 32 | 51 | 63 | 90 | 176 | 269 | 269 |
| 15 | 32 | 51 | 63 | 91 | 176 | 269 | 269 |
| 16 | 32 | 51 | 63 | 90 | 176 | 269 | 269 |
| 17 | 32 | 51 | 63 | 91 | 176 | 269 | 269 |
| 18 | 32 | 50 | 63 | 90 | 175 | 268 | 268 |
| 19 | 32 | 50 | 63 | 90 | 175 | 268 | 268 |
| 20 | 32 | 50 | 63 | 90 | 175 | 268 | 268 |
| 21 | 32 | 50 | 63 | 90 | 175 | 268 | 268 |
| 22 | 31 | 50 | 62 | 90 | 175 | 268 | 268 |
| 23 | 31 | 50 | 62 | 89 | 175 | 268 | 268 |
| 24 | 31 | 49 | 62 | 89 | 174 | 267 | 267 |
| 25 | 30 | 49 | 64 | 89 | 174 | 267 | 267 |
| 26 | 30 | 48 | 66 | 88 | 173 | 266 | 266 |
| 27 | 29 | 48 | 69 | 88 | 173 | 266 | 266 |
| 28 | 29 | 47 | 71 | 87 | 172 | 265 | 265 |
| 29 | 28 | 47 | 74 | 86 | 172 | 265 | 265 |
| 30 | 28 | 46 | 76 | 86 | 171 | 264 | 264 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

12

24

30

51

168

297

3 048

2

15

27

34

55

171

338

2 291

3

18

31

39

63

169

353

1 741

4

20

34

44

69

169

354

1 351

5

23

37

49

72

171

346

1 074

6

23

38

49

74

169

333

873

7

27

44

55

79

172

318

723

8

27

44

55

80

171

302

609

9

28

46

57

84

172

285

519

10

29

48

60

87

173

269

447

11

31

49

62

89

174

267

389

12

31

50

62

90

175

268

341

13

32

50

63

90

175

268

300

14

32

51

63

90

176

269

269

15

32

51

63

91

176

269

269

16

32

51

63

90

176

269

269

17

32

51

63

91

176

269

269

18

32

50

63

90

175

268

268

19

32

50

63

90

175

268

268

20

32

50

63

90

175

268

268

21

32

50

63

90

175

268

268

22

31

50

62

90

175

268

268

23

31

50

62

89

175

268

268

24

31

49

62

89

174

267

267

25

30

49

64

89

174

267

267

26

30

48

66

88

173

266

266

27

29

48

69

88

173

266

266

28

29

47

71

87

172

265

265

29

28

47

74

86

172

265

265

30

28

46

76

86

171

264

264

3.15.   Canadian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 14 | 26 | 32 | 53 | 170 | 311 | 3 210 |
| 2 | 15 | 27 | 33 | 54 | 170 | 353 | 2 403 |
| 3 | 15 | 28 | 36 | 60 | 166 | 367 | 1 816 |
| 4 | 15 | 29 | 39 | 64 | 164 | 365 | 1 403 |
| 5 | 16 | 31 | 42 | 66 | 164 | 356 | 1 112 |
| 6 | 18 | 34 | 45 | 69 | 164 | 342 | 901 |
| 7 | 19 | 36 | 46 | 71 | 164 | 326 | 745 |
| 8 | 19 | 37 | 48 | 73 | 164 | 309 | 626 |
| 9 | 20 | 38 | 49 | 76 | 164 | 291 | 533 |
| 10 | 20 | 39 | 51 | 78 | 164 | 274 | 459 |
| 11 | 21 | 39 | 52 | 79 | 164 | 257 | 398 |
| 12 | 21 | 39 | 52 | 79 | 164 | 257 | 348 |
| 13 | 21 | 39 | 52 | 79 | 164 | 257 | 307 |
| 14 | 21 | 39 | 52 | 79 | 164 | 257 | 271 |
| 15 | 21 | 40 | 52 | 79 | 164 | 257 | 257 |
| 16 | 21 | 39 | 52 | 79 | 164 | 257 | 257 |
| 17 | 21 | 39 | 52 | 79 | 164 | 257 | 257 |
| 18 | 21 | 39 | 52 | 79 | 164 | 257 | 257 |
| 19 | 21 | 39 | 52 | 79 | 164 | 257 | 257 |
| 20 | 21 | 39 | 52 | 79 | 164 | 257 | 257 |
| 21 | 21 | 39 | 55 | 79 | 164 | 257 | 257 |
| 22 | 20 | 39 | 57 | 79 | 164 | 257 | 257 |
| 23 | 20 | 39 | 60 | 78 | 163 | 256 | 256 |
| 24 | 20 | 38 | 61 | 78 | 163 | 256 | 256 |
| 25 | 19 | 38 | 64 | 77 | 162 | 255 | 255 |
| 26 | 19 | 37 | 66 | 77 | 162 | 255 | 255 |
| 27 | 18 | 37 | 69 | 76 | 162 | 255 | 255 |
| 28 | 18 | 36 | 71 | 76 | 161 | 254 | 254 |
| 29 | 17 | 36 | 74 | 75 | 161 | 254 | 254 |
| 30 | 17 | 36 | 76 | 75 | 160 | 253 | 253 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

14

26

32

53

170

311

3 210

2

15

27

33

54

170

353

2 403

3

15

28

36

60

166

367

1 816

4

15

29

39

64

164

365

1 403

5

16

31

42

66

164

356

1 112

6

18

34

45

69

164

342

901

7

19

36

46

71

164

326

745

8

19

37

48

73

164

309

626

9

20

38

49

76

164

291

533

10

20

39

51

78

164

274

459

11

21

39

52

79

164

257

398

12

21

39

52

79

164

257

348

13

21

39

52

79

164

257

307

14

21

39

52

79

164

257

271

15

21

40

52

79

164

257

257

16

21

39

52

79

164

257

257

17

21

39

52

79

164

257

257

18

21

39

52

79

164

257

257

19

21

39

52

79

164

257

257

20

21

39

52

79

164

257

257

21

21

39

55

79

164

257

257

22

20

39

57

79

164

257

257

23

20

39

60

78

163

256

256

24

20

38

61

78

163

256

256

25

19

38

64

77

162

255

255

26

19

37

66

77

162

255

255

27

18

37

69

76

162

255

255

28

18

36

71

76

161

254

254

29

17

36

74

75

161

254

254

30

17

36

76

75

160

253

253

3.16.   Chilean peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 48 | 60 | 67 | 88 | 204 | 321 | 3 323 |
| 2 | 50 | 62 | 69 | 90 | 206 | 360 | 2 460 |
| 3 | 52 | 65 | 73 | 97 | 204 | 373 | 1 857 |
| 4 | 53 | 67 | 77 | 102 | 202 | 373 | 1 437 |
| 5 | 55 | 70 | 81 | 104 | 203 | 364 | 1 140 |
| 6 | 57 | 73 | 84 | 108 | 203 | 350 | 925 |
| 7 | 58 | 75 | 86 | 110 | 203 | 334 | 765 |
| 8 | 58 | 76 | 87 | 112 | 203 | 316 | 643 |
| 9 | 59 | 76 | 88 | 115 | 203 | 298 | 547 |
| 10 | 59 | 77 | 90 | 117 | 203 | 296 | 471 |
| 11 | 59 | 77 | 90 | 117 | 203 | 296 | 409 |
| 12 | 59 | 77 | 90 | 117 | 202 | 295 | 357 |
| 13 | 58 | 77 | 89 | 116 | 201 | 294 | 315 |
| 14 | 57 | 76 | 88 | 115 | 201 | 294 | 294 |
| 15 | 56 | 75 | 87 | 115 | 200 | 293 | 293 |
| 16 | 56 | 74 | 87 | 114 | 199 | 292 | 292 |
| 17 | 55 | 74 | 86 | 113 | 199 | 292 | 292 |
| 18 | 55 | 73 | 86 | 113 | 198 | 291 | 291 |
| 19 | 54 | 73 | 85 | 112 | 197 | 290 | 290 |
| 20 | 53 | 72 | 84 | 112 | 197 | 290 | 290 |
| 21 | 53 | 71 | 84 | 111 | 196 | 289 | 289 |
| 22 | 52 | 71 | 83 | 110 | 195 | 288 | 288 |
| 23 | 51 | 70 | 82 | 109 | 194 | 287 | 287 |
| 24 | 50 | 69 | 81 | 108 | 194 | 287 | 287 |
| 25 | 49 | 68 | 80 | 107 | 193 | 286 | 286 |
| 26 | 48 | 67 | 79 | 106 | 192 | 285 | 285 |
| 27 | 47 | 66 | 78 | 106 | 191 | 284 | 284 |
| 28 | 46 | 65 | 77 | 105 | 190 | 283 | 283 |
| 29 | 46 | 64 | 76 | 104 | 189 | 282 | 282 |
| 30 | 45 | 63 | 79 | 103 | 188 | 281 | 281 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

48

60

67

88

204

321

3 323

2

50

62

69

90

206

360

2 460

3

52

65

73

97

204

373

1 857

4

53

67

77

102

202

373

1 437

5

55

70

81

104

203

364

1 140

6

57

73

84

108

203

350

925

7

58

75

86

110

203

334

765

8

58

76

87

112

203

316

643

9

59

76

88

115

203

298

547

10

59

77

90

117

203

296

471

11

59

77

90

117

203

296

409

12

59

77

90

117

202

295

357

13

58

77

89

116

201

294

315

14

57

76

88

115

201

294

294

15

56

75

87

115

200

293

293

16

56

74

87

114

199

292

292

17

55

74

86

113

199

292

292

18

55

73

86

113

198

291

291

19

54

73

85

112

197

290

290

20

53

72

84

112

197

290

290

21

53

71

84

111

196

289

289

22

52

71

83

110

195

288

288

23

51

70

82

109

194

287

287

24

50

69

81

108

194

287

287

25

49

68

80

107

193

286

286

26

48

67

79

106

192

285

285

27

47

66

78

106

191

284

284

28

46

65

77

105

190

283

283

29

46

64

76

104

189

282

282

30

45

63

79

103

188

281

281

3.17.   Colombian peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 79 | 91 | 98 | 119 | 235 | 332 | 3 447 |
| 2 | 84 | 96 | 103 | 124 | 240 | 378 | 2 592 |
| 3 | 85 | 98 | 107 | 130 | 237 | 395 | 1 969 |
| 4 | 86 | 100 | 110 | 134 | 235 | 396 | 1 527 |
| 5 | 89 | 104 | 115 | 138 | 237 | 387 | 1 213 |
| 6 | 91 | 107 | 118 | 143 | 238 | 373 | 986 |
| 7 | 94 | 110 | 121 | 145 | 239 | 356 | 816 |
| 8 | 95 | 112 | 123 | 149 | 240 | 338 | 686 |
| 9 | 96 | 114 | 126 | 152 | 241 | 334 | 584 |
| 10 | 97 | 115 | 128 | 155 | 241 | 334 | 503 |
| 11 | 97 | 116 | 128 | 155 | 241 | 334 | 437 |
| 12 | 96 | 115 | 127 | 155 | 240 | 333 | 382 |
| 13 | 95 | 114 | 126 | 153 | 239 | 332 | 336 |
| 14 | 94 | 113 | 125 | 152 | 237 | 330 | 330 |
| 15 | 93 | 111 | 124 | 151 | 236 | 329 | 329 |
| 16 | 91 | 110 | 122 | 149 | 235 | 328 | 328 |
| 17 | 90 | 108 | 121 | 148 | 233 | 326 | 326 |
| 18 | 89 | 107 | 119 | 147 | 232 | 325 | 325 |
| 19 | 87 | 106 | 118 | 145 | 231 | 324 | 324 |
| 20 | 86 | 104 | 117 | 144 | 229 | 322 | 322 |
| 21 | 84 | 103 | 115 | 142 | 228 | 321 | 321 |
| 22 | 83 | 101 | 114 | 141 | 226 | 319 | 319 |
| 23 | 81 | 100 | 112 | 139 | 224 | 317 | 317 |
| 24 | 79 | 98 | 110 | 137 | 223 | 316 | 316 |
| 25 | 78 | 96 | 108 | 136 | 221 | 314 | 314 |
| 26 | 76 | 94 | 107 | 134 | 219 | 312 | 312 |
| 27 | 74 | 93 | 105 | 132 | 218 | 311 | 311 |
| 28 | 72 | 91 | 103 | 131 | 216 | 309 | 309 |
| 29 | 71 | 89 | 102 | 129 | 214 | 307 | 307 |
| 30 | 69 | 88 | 100 | 127 | 213 | 306 | 306 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

79

91

98

119

235

332

3 447

2

84

96

103

124

240

378

2 592

3

85

98

107

130

237

395

1 969

4

86

100

110

134

235

396

1 527

5

89

104

115

138

237

387

1 213

6

91

107

118

143

238

373

986

7

94

110

121

145

239

356

816

8

95

112

123

149

240

338

686

9

96

114

126

152

241

334

584

10

97

115

128

155

241

334

503

11

97

116

128

155

241

334

437

12

96

115

127

155

240

333

382

13

95

114

126

153

239

332

336

14

94

113

125

152

237

330

330

15

93

111

124

151

236

329

329

16

91

110

122

149

235

328

328

17

90

108

121

148

233

326

326

18

89

107

119

147

232

325

325

19

87

106

118

145

231

324

324

20

86

104

117

144

229

322

322

21

84

103

115

142

228

321

321

22

83

101

114

141

226

319

319

23

81

100

112

139

224

317

317

24

79

98

110

137

223

316

316

25

78

96

108

136

221

314

314

26

76

94

107

134

219

312

312

27

74

93

105

132

218

311

311

28

72

91

103

131

216

309

309

29

71

89

102

129

214

307

307

30

69

88

100

127

213

306

306

3.18.   Hong Kong dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 20 | 26 | 47 | 163 | 309 | 3 190 |
| 2 | 10 | 22 | 29 | 50 | 166 | 351 | 2 388 |
| 3 | 12 | 25 | 33 | 57 | 163 | 365 | 1 808 |
| 4 | 14 | 27 | 37 | 62 | 162 | 365 | 1 401 |
| 5 | 16 | 30 | 42 | 65 | 163 | 356 | 1 111 |
| 6 | 17 | 33 | 44 | 69 | 164 | 343 | 902 |
| 7 | 19 | 36 | 46 | 71 | 164 | 327 | 746 |
| 8 | 19 | 37 | 48 | 73 | 164 | 309 | 627 |
| 9 | 20 | 38 | 49 | 76 | 164 | 292 | 534 |
| 10 | 20 | 38 | 51 | 78 | 164 | 275 | 459 |
| 11 | 20 | 39 | 51 | 78 | 164 | 258 | 399 |
| 12 | 20 | 39 | 51 | 78 | 163 | 256 | 349 |
| 13 | 20 | 38 | 50 | 78 | 163 | 256 | 307 |
| 14 | 19 | 37 | 50 | 77 | 162 | 255 | 272 |
| 15 | 18 | 37 | 49 | 77 | 162 | 255 | 255 |
| 16 | 18 | 36 | 49 | 76 | 161 | 254 | 254 |
| 17 | 17 | 36 | 48 | 76 | 161 | 254 | 254 |
| 18 | 17 | 36 | 48 | 75 | 161 | 254 | 254 |
| 19 | 17 | 36 | 50 | 75 | 161 | 254 | 254 |
| 20 | 17 | 36 | 52 | 76 | 161 | 254 | 254 |
| 21 | 17 | 36 | 55 | 76 | 161 | 254 | 254 |
| 22 | 17 | 36 | 57 | 76 | 161 | 254 | 254 |
| 23 | 17 | 36 | 60 | 76 | 161 | 254 | 254 |
| 24 | 17 | 36 | 63 | 75 | 161 | 254 | 254 |
| 25 | 17 | 36 | 65 | 75 | 161 | 254 | 254 |
| 26 | 17 | 35 | 68 | 75 | 160 | 253 | 253 |
| 27 | 17 | 35 | 70 | 75 | 160 | 253 | 253 |
| 28 | 16 | 35 | 73 | 75 | 160 | 253 | 253 |
| 29 | 16 | 35 | 75 | 74 | 160 | 253 | 253 |
| 30 | 16 | 35 | 77 | 75 | 159 | 252 | 252 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

8

20

26

47

163

309

3 190

2

10

22

29

50

166

351

2 388

3

12

25

33

57

163

365

1 808

4

14

27

37

62

162

365

1 401

5

16

30

42

65

163

356

1 111

6

17

33

44

69

164

343

902

7

19

36

46

71

164

327

746

8

19

37

48

73

164

309

627

9

20

38

49

76

164

292

534

10

20

38

51

78

164

275

459

11

20

39

51

78

164

258

399

12

20

39

51

78

163

256

349

13

20

38

50

78

163

256

307

14

19

37

50

77

162

255

272

15

18

37

49

77

162

255

255

16

18

36

49

76

161

254

254

17

17

36

48

76

161

254

254

18

17

36

48

75

161

254

254

19

17

36

50

75

161

254

254

20

17

36

52

76

161

254

254

21

17

36

55

76

161

254

254

22

17

36

57

76

161

254

254

23

17

36

60

76

161

254

254

24

17

36

63

75

161

254

254

25

17

36

65

75

161

254

254

26

17

35

68

75

160

253

253

27

17

35

70

75

160

253

253

28

16

35

73

75

160

253

253

29

16

35

75

74

160

253

253

30

16

35

77

75

159

252

252

3.19.   Indian rupee

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 89 | 101 | 108 | 129 | 245 | 340 | 3 295 |
| 2 | 91 | 103 | 109 | 130 | 246 | 363 | 2 480 |
| 3 | 91 | 104 | 112 | 136 | 242 | 380 | 1 885 |
| 4 | 91 | 105 | 115 | 140 | 240 | 381 | 1 464 |
| 5 | 92 | 107 | 119 | 142 | 240 | 372 | 1 163 |
| 6 | 94 | 109 | 121 | 145 | 240 | 359 | 944 |
| 7 | 95 | 112 | 122 | 147 | 240 | 342 | 782 |
| 8 | 95 | 112 | 123 | 149 | 240 | 333 | 657 |
| 9 | 95 | 113 | 124 | 151 | 239 | 332 | 560 |
| 10 | 94 | 112 | 124 | 151 | 238 | 331 | 482 |
| 11 | 93 | 111 | 123 | 151 | 236 | 329 | 418 |
| 12 | 91 | 110 | 122 | 149 | 235 | 328 | 366 |
| 13 | 89 | 108 | 120 | 148 | 233 | 326 | 326 |
| 14 | 88 | 106 | 119 | 146 | 231 | 324 | 324 |
| 15 | 86 | 105 | 117 | 144 | 229 | 322 | 322 |
| 16 | 84 | 103 | 115 | 142 | 228 | 321 | 321 |
| 17 | 83 | 101 | 114 | 141 | 226 | 319 | 319 |
| 18 | 81 | 100 | 112 | 140 | 225 | 318 | 318 |
| 19 | 80 | 99 | 111 | 138 | 224 | 317 | 317 |
| 20 | 79 | 98 | 110 | 137 | 223 | 316 | 316 |
| 21 | 78 | 97 | 109 | 136 | 222 | 315 | 315 |
| 22 | 77 | 96 | 108 | 135 | 220 | 313 | 313 |
| 23 | 76 | 94 | 107 | 134 | 219 | 312 | 312 |
| 24 | 75 | 93 | 105 | 133 | 218 | 311 | 311 |
| 25 | 73 | 92 | 104 | 131 | 217 | 310 | 310 |
| 26 | 72 | 91 | 103 | 130 | 216 | 309 | 309 |
| 27 | 71 | 89 | 102 | 129 | 214 | 307 | 307 |
| 28 | 70 | 88 | 101 | 128 | 213 | 306 | 306 |
| 29 | 69 | 87 | 100 | 127 | 212 | 305 | 305 |
| 30 | 67 | 86 | 98 | 126 | 211 | 304 | 304 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

89

101

108

129

245

340

3 295

2

91

103

109

130

246

363

2 480

3

91

104

112

136

242

380

1 885

4

91

105

115

140

240

381

1 464

5

92

107

119

142

240

372

1 163

6

94

109

121

145

240

359

944

7

95

112

122

147

240

342

782

8

95

112

123

149

240

333

657

9

95

113

124

151

239

332

560

10

94

112

124

151

238

331

482

11

93

111

123

151

236

329

418

12

91

110

122

149

235

328

366

13

89

108

120

148

233

326

326

14

88

106

119

146

231

324

324

15

86

105

117

144

229

322

322

16

84

103

115

142

228

321

321

17

83

101

114

141

226

319

319

18

81

100

112

140

225

318

318

19

80

99

111

138

224

317

317

20

79

98

110

137

223

316

316

21

78

97

109

136

222

315

315

22

77

96

108

135

220

313

313

23

76

94

107

134

219

312

312

24

75

93

105

133

218

311

311

25

73

92

104

131

217

310

310

26

72

91

103

130

216

309

309

27

71

89

102

129

214

307

307

28

70

88

101

128

213

306

306

29

69

87

100

127

212

305

305

30

67

86

98

126

211

304

304

3.20.   Mexican peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 302 | 314 | 320 | 341 | 457 | 552 | 3 530 |
| 2 | 83 | 95 | 102 | 123 | 239 | 380 | 2 614 |
| 3 | 85 | 98 | 106 | 130 | 236 | 393 | 1 967 |
| 4 | 87 | 101 | 111 | 135 | 236 | 391 | 1 518 |
| 5 | 89 | 103 | 115 | 138 | 237 | 381 | 1 202 |
| 6 | 91 | 107 | 118 | 142 | 237 | 367 | 974 |
| 7 | 93 | 109 | 120 | 144 | 238 | 349 | 805 |
| 8 | 94 | 111 | 122 | 147 | 238 | 331 | 676 |
| 9 | 94 | 112 | 124 | 150 | 238 | 331 | 575 |
| 10 | 94 | 113 | 125 | 152 | 238 | 331 | 495 |
| 11 | 95 | 113 | 125 | 153 | 238 | 331 | 429 |
| 12 | 95 | 113 | 126 | 153 | 238 | 331 | 375 |
| 13 | 95 | 114 | 126 | 153 | 239 | 332 | 332 |
| 14 | 96 | 114 | 126 | 154 | 239 | 332 | 332 |
| 15 | 96 | 115 | 127 | 154 | 240 | 333 | 333 |
| 16 | 97 | 116 | 128 | 155 | 240 | 333 | 333 |
| 17 | 98 | 116 | 129 | 156 | 241 | 334 | 334 |
| 18 | 99 | 117 | 130 | 157 | 242 | 335 | 335 |
| 19 | 99 | 118 | 130 | 158 | 243 | 336 | 336 |
| 20 | 100 | 118 | 131 | 158 | 243 | 336 | 336 |
| 21 | 100 | 118 | 131 | 158 | 243 | 336 | 336 |
| 22 | 99 | 118 | 130 | 158 | 243 | 336 | 336 |
| 23 | 99 | 117 | 130 | 157 | 242 | 335 | 335 |
| 24 | 98 | 116 | 129 | 156 | 241 | 334 | 334 |
| 25 | 96 | 115 | 127 | 155 | 240 | 333 | 333 |
| 26 | 95 | 114 | 126 | 153 | 239 | 332 | 332 |
| 27 | 94 | 112 | 125 | 152 | 237 | 330 | 330 |
| 28 | 92 | 111 | 123 | 151 | 236 | 329 | 329 |
| 29 | 91 | 109 | 122 | 149 | 234 | 327 | 327 |
| 30 | 89 | 108 | 120 | 148 | 233 | 326 | 326 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

302

314

320

341

457

552

3 530

2

83

95

102

123

239

380

2 614

3

85

98

106

130

236

393

1 967

4

87

101

111

135

236

391

1 518

5

89

103

115

138

237

381

1 202

6

91

107

118

142

237

367

974

7

93

109

120

144

238

349

805

8

94

111

122

147

238

331

676

9

94

112

124

150

238

331

575

10

94

113

125

152

238

331

495

11

95

113

125

153

238

331

429

12

95

113

126

153

238

331

375

13

95

114

126

153

239

332

332

14

96

114

126

154

239

332

332

15

96

115

127

154

240

333

333

16

97

116

128

155

240

333

333

17

98

116

129

156

241

334

334

18

99

117

130

157

242

335

335

19

99

118

130

158

243

336

336

20

100

118

131

158

243

336

336

21

100

118

131

158

243

336

336

22

99

118

130

158

243

336

336

23

99

117

130

157

242

335

335

24

98

116

129

156

241

334

334

25

96

115

127

155

240

333

333

26

95

114

126

153

239

332

332

27

94

112

125

152

237

330

330

28

92

111

123

151

236

329

329

29

91

109

122

149

234

327

327

30

89

108

120

148

233

326

326

3.21.   New Taiwan dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 6 | 12 | 33 | 150 | 292 | 2 996 |
| 2 | 0 | 6 | 12 | 33 | 150 | 332 | 2 248 |
| 3 | 1 | 6 | 14 | 38 | 144 | 347 | 1 708 |
| 4 | 1 | 6 | 16 | 41 | 142 | 348 | 1 325 |
| 5 | 1 | 8 | 19 | 42 | 141 | 340 | 1 054 |
| 6 | 2 | 9 | 20 | 45 | 140 | 327 | 856 |
| 7 | 2 | 11 | 22 | 46 | 139 | 312 | 709 |
| 8 | 2 | 11 | 22 | 48 | 139 | 296 | 596 |
| 9 | 4 | 11 | 24 | 49 | 138 | 279 | 508 |
| 10 | 4 | 12 | 27 | 51 | 137 | 263 | 438 |
| 11 | 4 | 12 | 29 | 52 | 137 | 247 | 380 |
| 12 | 4 | 12 | 31 | 52 | 137 | 232 | 333 |
| 13 | 5 | 12 | 34 | 52 | 137 | 230 | 294 |
| 14 | 5 | 13 | 37 | 52 | 137 | 230 | 260 |
| 15 | 6 | 13 | 38 | 53 | 138 | 231 | 232 |
| 16 | 6 | 13 | 41 | 53 | 138 | 231 | 231 |
| 17 | 6 | 15 | 44 | 53 | 139 | 232 | 232 |
| 18 | 6 | 15 | 45 | 54 | 139 | 232 | 232 |
| 19 | 7 | 16 | 48 | 55 | 140 | 233 | 233 |
| 20 | 7 | 17 | 51 | 56 | 141 | 234 | 234 |
| 21 | 8 | 18 | 53 | 56 | 142 | 235 | 235 |
| 22 | 9 | 18 | 55 | 58 | 142 | 235 | 235 |
| 23 | 9 | 20 | 58 | 60 | 143 | 236 | 236 |
| 24 | 9 | 20 | 60 | 61 | 143 | 236 | 236 |
| 25 | 10 | 22 | 63 | 63 | 144 | 237 | 237 |
| 26 | 10 | 22 | 65 | 65 | 144 | 237 | 237 |
| 27 | 10 | 23 | 68 | 67 | 144 | 237 | 237 |
| 28 | 11 | 24 | 70 | 69 | 145 | 238 | 238 |
| 29 | 11 | 25 | 72 | 71 | 145 | 238 | 238 |
| 30 | 12 | 26 | 75 | 73 | 145 | 238 | 238 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

6

12

33

150

292

2 996

2

0

6

12

33

150

332

2 248

3

1

6

14

38

144

347

1 708

4

1

6

16

41

142

348

1 325

5

1

8

19

42

141

340

1 054

6

2

9

20

45

140

327

856

7

2

11

22

46

139

312

709

8

2

11

22

48

139

296

596

9

4

11

24

49

138

279

508

10

4

12

27

51

137

263

438

11

4

12

29

52

137

247

380

12

4

12

31

52

137

232

333

13

5

12

34

52

137

230

294

14

5

13

37

52

137

230

260

15

6

13

38

53

138

231

232

16

6

13

41

53

138

231

231

17

6

15

44

53

139

232

232

18

6

15

45

54

139

232

232

19

7

16

48

55

140

233

233

20

7

17

51

56

141

234

234

21

8

18

53

56

142

235

235

22

9

18

55

58

142

235

235

23

9

20

58

60

143

236

236

24

9

20

60

61

143

236

236

25

10

22

63

63

144

237

237

26

10

22

65

65

144

237

237

27

10

23

68

67

144

237

237

28

11

24

70

69

145

238

238

29

11

25

72

71

145

238

238

30

12

26

75

73

145

238

238

3.22.   New Zealand dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 46 | 58 | 65 | 85 | 202 | 314 | 3 240 |
| 2 | 47 | 59 | 65 | 86 | 203 | 355 | 2 423 |
| 3 | 46 | 59 | 67 | 91 | 198 | 370 | 1 832 |
| 4 | 46 | 59 | 70 | 94 | 195 | 369 | 1 417 |
| 5 | 46 | 61 | 72 | 95 | 194 | 360 | 1 124 |
| 6 | 47 | 63 | 74 | 98 | 193 | 346 | 912 |
| 7 | 47 | 64 | 74 | 99 | 192 | 330 | 754 |
| 8 | 47 | 64 | 75 | 101 | 192 | 312 | 634 |
| 9 | 47 | 65 | 76 | 103 | 191 | 295 | 539 |
| 10 | 46 | 64 | 77 | 104 | 190 | 283 | 464 |
| 11 | 45 | 63 | 76 | 103 | 189 | 282 | 403 |
| 12 | 44 | 62 | 75 | 102 | 187 | 280 | 353 |
| 13 | 43 | 61 | 74 | 101 | 186 | 279 | 311 |
| 14 | 41 | 60 | 72 | 99 | 185 | 278 | 278 |
| 15 | 40 | 59 | 71 | 98 | 184 | 277 | 277 |
| 16 | 39 | 57 | 70 | 97 | 182 | 275 | 275 |
| 17 | 38 | 57 | 69 | 96 | 181 | 274 | 274 |
| 18 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 19 | 36 | 55 | 67 | 95 | 180 | 273 | 273 |
| 20 | 36 | 55 | 67 | 94 | 179 | 272 | 272 |
| 21 | 35 | 54 | 66 | 94 | 179 | 272 | 272 |
| 22 | 35 | 53 | 66 | 93 | 178 | 271 | 271 |
| 23 | 34 | 53 | 65 | 92 | 178 | 271 | 271 |
| 24 | 34 | 52 | 65 | 92 | 177 | 270 | 270 |
| 25 | 33 | 51 | 65 | 91 | 176 | 269 | 269 |
| 26 | 32 | 51 | 68 | 90 | 176 | 269 | 269 |
| 27 | 32 | 50 | 70 | 90 | 175 | 268 | 268 |
| 28 | 31 | 49 | 73 | 89 | 174 | 267 | 267 |
| 29 | 30 | 49 | 75 | 88 | 174 | 267 | 267 |
| 30 | 30 | 48 | 77 | 88 | 173 | 266 | 266 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

46

58

65

85

202

314

3 240

2

47

59

65

86

203

355

2 423

3

46

59

67

91

198

370

1 832

4

46

59

70

94

195

369

1 417

5

46

61

72

95

194

360

1 124

6

47

63

74

98

193

346

912

7

47

64

74

99

192

330

754

8

47

64

75

101

192

312

634

9

47

65

76

103

191

295

539

10

46

64

77

104

190

283

464

11

45

63

76

103

189

282

403

12

44

62

75

102

187

280

353

13

43

61

74

101

186

279

311

14

41

60

72

99

185

278

278

15

40

59

71

98

184

277

277

16

39

57

70

97

182

275

275

17

38

57

69

96

181

274

274

18

37

56

68

95

181

274

274

19

36

55

67

95

180

273

273

20

36

55

67

94

179

272

272

21

35

54

66

94

179

272

272

22

35

53

66

93

178

271

271

23

34

53

65

92

178

271

271

24

34

52

65

92

177

270

270

25

33

51

65

91

176

269

269

26

32

51

68

90

176

269

269

27

32

50

70

90

175

268

268

28

31

49

73

89

174

267

267

29

30

49

75

88

174

267

267

30

30

48

77

88

173

266

266

3.23.   Rand

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 109 | 121 | 127 | 148 | 265 | 359 | 3 394 |
| 2 | 110 | 122 | 129 | 150 | 266 | 372 | 2 547 |
| 3 | 112 | 125 | 133 | 156 | 263 | 389 | 1 934 |
| 4 | 113 | 127 | 137 | 161 | 262 | 390 | 1 502 |
| 5 | 115 | 130 | 141 | 165 | 263 | 382 | 1 196 |
| 6 | 117 | 133 | 144 | 168 | 263 | 369 | 973 |
| 7 | 119 | 136 | 146 | 170 | 264 | 357 | 807 |
| 8 | 119 | 136 | 147 | 173 | 264 | 357 | 680 |
| 9 | 119 | 137 | 149 | 175 | 263 | 356 | 581 |
| 10 | 119 | 137 | 150 | 177 | 263 | 356 | 501 |
| 11 | 119 | 137 | 150 | 177 | 262 | 355 | 436 |
| 12 | 118 | 136 | 149 | 176 | 261 | 354 | 382 |
| 13 | 116 | 135 | 147 | 174 | 260 | 353 | 353 |
| 14 | 115 | 133 | 146 | 173 | 258 | 351 | 351 |
| 15 | 113 | 131 | 144 | 171 | 256 | 349 | 349 |
| 16 | 111 | 129 | 142 | 169 | 254 | 347 | 347 |
| 17 | 109 | 128 | 140 | 167 | 252 | 345 | 345 |
| 18 | 107 | 126 | 138 | 165 | 250 | 343 | 343 |
| 19 | 105 | 124 | 136 | 163 | 249 | 342 | 342 |
| 20 | 104 | 122 | 135 | 162 | 247 | 340 | 340 |
| 21 | 102 | 120 | 133 | 160 | 245 | 338 | 338 |
| 22 | 100 | 119 | 131 | 158 | 244 | 337 | 337 |
| 23 | 98 | 117 | 129 | 156 | 242 | 335 | 335 |
| 24 | 96 | 115 | 127 | 155 | 240 | 333 | 333 |
| 25 | 94 | 113 | 125 | 153 | 238 | 331 | 331 |
| 26 | 93 | 111 | 124 | 151 | 236 | 329 | 329 |
| 27 | 91 | 109 | 122 | 149 | 234 | 327 | 327 |
| 28 | 89 | 108 | 120 | 147 | 232 | 325 | 325 |
| 29 | 87 | 106 | 118 | 146 | 231 | 324 | 324 |
| 30 | 86 | 104 | 117 | 144 | 229 | 322 | 322 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

109

121

127

148

265

359

3 394

2

110

122

129

150

266

372

2 547

3

112

125

133

156

263

389

1 934

4

113

127

137

161

262

390

1 502

5

115

130

141

165

263

382

1 196

6

117

133

144

168

263

369

973

7

119

136

146

170

264

357

807

8

119

136

147

173

264

357

680

9

119

137

149

175

263

356

581

10

119

137

150

177

263

356

501

11

119

137

150

177

262

355

436

12

118

136

149

176

261

354

382

13

116

135

147

174

260

353

353

14

115

133

146

173

258

351

351

15

113

131

144

171

256

349

349

16

111

129

142

169

254

347

347

17

109

128

140

167

252

345

345

18

107

126

138

165

250

343

343

19

105

124

136

163

249

342

342

20

104

122

135

162

247

340

340

21

102

120

133

160

245

338

338

22

100

119

131

158

244

337

337

23

98

117

129

156

242

335

335

24

96

115

127

155

240

333

333

25

94

113

125

153

238

331

331

26

93

111

124

151

236

329

329

27

91

109

122

149

234

327

327

28

89

108

120

147

232

325

325

29

87

106

118

146

231

324

324

30

86

104

117

144

229

322

322

3.24.   Real

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 162 | 174 | 181 | 202 | 318 | 413 | 3 526 |
| 2 | 171 | 183 | 189 | 210 | 327 | 421 | 2 621 |
| 3 | 175 | 188 | 196 | 220 | 326 | 421 | 1 986 |
| 4 | 177 | 191 | 201 | 225 | 326 | 419 | 1 541 |
| 5 | 178 | 193 | 204 | 228 | 326 | 419 | 1 225 |
| 6 | 179 | 195 | 206 | 230 | 325 | 418 | 996 |
| 7 | 180 | 196 | 207 | 231 | 325 | 418 | 824 |
| 8 | 179 | 196 | 207 | 233 | 323 | 416 | 693 |
| 9 | 178 | 196 | 208 | 234 | 322 | 415 | 591 |
| 10 | 178 | 196 | 208 | 235 | 321 | 414 | 509 |
| 11 | 176 | 195 | 207 | 234 | 320 | 413 | 442 |
| 12 | 174 | 193 | 205 | 232 | 318 | 411 | 411 |
| 13 | 172 | 190 | 203 | 230 | 315 | 408 | 408 |
| 14 | 169 | 187 | 200 | 227 | 312 | 405 | 405 |
| 15 | 166 | 184 | 197 | 224 | 309 | 402 | 402 |
| 16 | 163 | 182 | 194 | 221 | 306 | 399 | 399 |
| 17 | 160 | 179 | 191 | 218 | 303 | 396 | 396 |
| 18 | 157 | 176 | 188 | 215 | 301 | 394 | 394 |
| 19 | 154 | 173 | 185 | 212 | 298 | 391 | 391 |
| 20 | 151 | 170 | 182 | 210 | 295 | 388 | 388 |
| 21 | 148 | 167 | 179 | 207 | 292 | 385 | 385 |
| 22 | 145 | 164 | 176 | 204 | 289 | 382 | 382 |
| 23 | 142 | 161 | 173 | 200 | 286 | 379 | 379 |
| 24 | 139 | 158 | 170 | 197 | 283 | 376 | 376 |
| 25 | 136 | 155 | 167 | 194 | 280 | 373 | 373 |
| 26 | 133 | 152 | 164 | 191 | 277 | 370 | 370 |
| 27 | 130 | 149 | 161 | 188 | 274 | 367 | 367 |
| 28 | 127 | 146 | 158 | 186 | 271 | 364 | 364 |
| 29 | 125 | 143 | 156 | 183 | 268 | 361 | 361 |
| 30 | 122 | 141 | 153 | 180 | 265 | 358 | 358 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

162

174

181

202

318

413

3 526

2

171

183

189

210

327

421

2 621

3

175

188

196

220

326

421

1 986

4

177

191

201

225

326

419

1 541

5

178

193

204

228

326

419

1 225

6

179

195

206

230

325

418

996

7

180

196

207

231

325

418

824

8

179

196

207

233

323

416

693

9

178

196

208

234

322

415

591

10

178

196

208

235

321

414

509

11

176

195

207

234

320

413

442

12

174

193

205

232

318

411

411

13

172

190

203

230

315

408

408

14

169

187

200

227

312

405

405

15

166

184

197

224

309

402

402

16

163

182

194

221

306

399

399

17

160

179

191

218

303

396

396

18

157

176

188

215

301

394

394

19

154

173

185

212

298

391

391

20

151

170

182

210

295

388

388

21

148

167

179

207

292

385

385

22

145

164

176

204

289

382

382

23

142

161

173

200

286

379

379

24

139

158

170

197

283

376

376

25

136

155

167

194

280

373

373

26

133

152

164

191

277

370

370

27

130

149

161

188

274

367

367

28

127

146

158

186

271

364

364

29

125

143

156

183

268

361

361

30

122

141

153

180

265

358

358

3.25.   Renminbi-yuan

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 26 | 39 | 45 | 66 | 182 | 297 | 3 046 |
| 2 | 27 | 39 | 46 | 67 | 183 | 338 | 2 289 |
| 3 | 27 | 40 | 49 | 72 | 179 | 353 | 1 740 |
| 4 | 27 | 41 | 51 | 76 | 176 | 354 | 1 352 |
| 5 | 28 | 43 | 54 | 78 | 176 | 347 | 1 076 |
| 6 | 29 | 45 | 56 | 80 | 175 | 334 | 875 |
| 7 | 30 | 47 | 57 | 81 | 175 | 319 | 725 |
| 8 | 29 | 46 | 57 | 83 | 174 | 303 | 610 |
| 9 | 29 | 47 | 58 | 85 | 173 | 286 | 520 |
| 10 | 28 | 47 | 59 | 86 | 172 | 269 | 448 |
| 11 | 28 | 47 | 59 | 86 | 172 | 265 | 389 |
| 12 | 28 | 46 | 59 | 86 | 171 | 264 | 341 |
| 13 | 27 | 46 | 58 | 85 | 171 | 264 | 301 |
| 14 | 27 | 46 | 58 | 85 | 170 | 263 | 267 |
| 15 | 27 | 45 | 58 | 85 | 170 | 263 | 263 |
| 16 | 27 | 45 | 58 | 85 | 170 | 263 | 263 |
| 17 | 27 | 45 | 58 | 85 | 170 | 263 | 263 |
| 18 | 27 | 45 | 58 | 85 | 170 | 263 | 263 |
| 19 | 27 | 46 | 58 | 85 | 170 | 263 | 263 |
| 20 | 27 | 46 | 58 | 85 | 171 | 264 | 264 |
| 21 | 27 | 46 | 58 | 85 | 171 | 264 | 264 |
| 22 | 27 | 46 | 58 | 85 | 171 | 264 | 264 |
| 23 | 27 | 46 | 59 | 85 | 170 | 263 | 263 |
| 24 | 27 | 45 | 61 | 85 | 170 | 263 | 263 |
| 25 | 26 | 45 | 64 | 85 | 170 | 263 | 263 |
| 26 | 26 | 45 | 66 | 84 | 170 | 263 | 263 |
| 27 | 26 | 44 | 69 | 84 | 169 | 262 | 262 |
| 28 | 25 | 44 | 71 | 84 | 169 | 262 | 262 |
| 29 | 25 | 44 | 74 | 83 | 169 | 262 | 262 |
| 30 | 25 | 43 | 76 | 83 | 168 | 261 | 261 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

26

39

45

66

182

297

3 046

2

27

39

46

67

183

338

2 289

3

27

40

49

72

179

353

1 740

4

27

41

51

76

176

354

1 352

5

28

43

54

78

176

347

1 076

6

29

45

56

80

175

334

875

7

30

47

57

81

175

319

725

8

29

46

57

83

174

303

610

9

29

47

58

85

173

286

520

10

28

47

59

86

172

269

448

11

28

47

59

86

172

265

389

12

28

46

59

86

171

264

341

13

27

46

58

85

171

264

301

14

27

46

58

85

170

263

267

15

27

45

58

85

170

263

263

16

27

45

58

85

170

263

263

17

27

45

58

85

170

263

263

18

27

45

58

85

170

263

263

19

27

46

58

85

170

263

263

20

27

46

58

85

171

264

264

21

27

46

58

85

171

264

264

22

27

46

58

85

171

264

264

23

27

46

59

85

170

263

263

24

27

45

61

85

170

263

263

25

26

45

64

85

170

263

263

26

26

45

66

84

170

263

263

27

26

44

69

84

169

262

262

28

25

44

71

84

169

262

262

29

25

44

74

83

169

262

262

30

25

43

76

83

168

261

261

3.26.   Ringgit

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 24 | 36 | 43 | 64 | 180 | 302 | 3 111 |
| 2 | 26 | 38 | 45 | 66 | 182 | 344 | 2 338 |
| 3 | 28 | 40 | 49 | 72 | 179 | 360 | 1 778 |
| 4 | 29 | 43 | 53 | 77 | 178 | 361 | 1 381 |
| 5 | 31 | 46 | 57 | 80 | 179 | 353 | 1 098 |
| 6 | 33 | 48 | 59 | 84 | 179 | 340 | 893 |
| 7 | 35 | 51 | 62 | 86 | 180 | 325 | 739 |
| 8 | 35 | 52 | 63 | 89 | 180 | 308 | 622 |
| 9 | 35 | 53 | 65 | 92 | 180 | 291 | 530 |
| 10 | 36 | 55 | 67 | 94 | 180 | 274 | 457 |
| 11 | 37 | 55 | 68 | 95 | 181 | 274 | 397 |
| 12 | 37 | 56 | 68 | 96 | 181 | 274 | 348 |
| 13 | 37 | 56 | 68 | 96 | 181 | 274 | 306 |
| 14 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 15 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 16 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 17 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 18 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 19 | 38 | 56 | 69 | 96 | 181 | 274 | 274 |
| 20 | 38 | 56 | 69 | 96 | 181 | 274 | 274 |
| 21 | 38 | 57 | 69 | 96 | 181 | 274 | 274 |
| 22 | 38 | 56 | 69 | 96 | 181 | 274 | 274 |
| 23 | 38 | 56 | 69 | 96 | 181 | 274 | 274 |
| 24 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 25 | 37 | 55 | 68 | 95 | 180 | 273 | 273 |
| 26 | 36 | 55 | 68 | 94 | 180 | 273 | 273 |
| 27 | 36 | 54 | 70 | 94 | 179 | 272 | 272 |
| 28 | 35 | 54 | 73 | 93 | 179 | 272 | 272 |
| 29 | 34 | 53 | 75 | 93 | 178 | 271 | 271 |
| 30 | 34 | 52 | 77 | 92 | 177 | 270 | 270 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

24

36

43

64

180

302

3 111

2

26

38

45

66

182

344

2 338

3

28

40

49

72

179

360

1 778

4

29

43

53

77

178

361

1 381

5

31

46

57

80

179

353

1 098

6

33

48

59

84

179

340

893

7

35

51

62

86

180

325

739

8

35

52

63

89

180

308

622

9

35

53

65

92

180

291

530

10

36

55

67

94

180

274

457

11

37

55

68

95

181

274

397

12

37

56

68

96

181

274

348

13

37

56

68

96

181

274

306

14

37

56

68

96

181

274

274

15

37

56

68

95

181

274

274

16

37

56

68

95

181

274

274

17

37

56

68

95

181

274

274

18

37

56

68

96

181

274

274

19

38

56

69

96

181

274

274

20

38

56

69

96

181

274

274

21

38

57

69

96

181

274

274

22

38

56

69

96

181

274

274

23

38

56

69

96

181

274

274

24

37

56

68

95

181

274

274

25

37

55

68

95

180

273

273

26

36

55

68

94

180

273

273

27

36

54

70

94

179

272

272

28

35

54

73

93

179

272

272

29

34

53

75

93

178

271

271

30

34

52

77

92

177

270

270

3.27.   Russian rouble

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 122 | 134 | 141 | 162 | 278 | 373 | 3 425 |
| 2 | 121 | 133 | 139 | 160 | 277 | 377 | 2 584 |
| 3 | 120 | 133 | 141 | 164 | 271 | 395 | 1 969 |
| 4 | 119 | 133 | 143 | 168 | 268 | 397 | 1 531 |
| 5 | 120 | 134 | 146 | 169 | 268 | 389 | 1 219 |
| 6 | 120 | 136 | 147 | 171 | 266 | 376 | 992 |
| 7 | 121 | 137 | 148 | 172 | 266 | 360 | 823 |
| 8 | 120 | 137 | 148 | 174 | 265 | 358 | 693 |
| 9 | 119 | 137 | 149 | 176 | 264 | 357 | 591 |
| 10 | 119 | 138 | 150 | 177 | 263 | 356 | 509 |
| 11 | 119 | 137 | 150 | 177 | 263 | 356 | 443 |
| 12 | 118 | 137 | 149 | 176 | 261 | 354 | 387 |
| 13 | 117 | 136 | 148 | 175 | 260 | 353 | 353 |
| 14 | 116 | 134 | 147 | 174 | 259 | 352 | 352 |
| 15 | 114 | 132 | 145 | 172 | 257 | 350 | 350 |
| 16 | 112 | 130 | 143 | 170 | 255 | 348 | 348 |
| 17 | 109 | 128 | 140 | 168 | 253 | 346 | 346 |
| 18 | 107 | 126 | 138 | 166 | 251 | 344 | 344 |
| 19 | 105 | 124 | 136 | 164 | 249 | 342 | 342 |
| 20 | 103 | 122 | 134 | 161 | 247 | 340 | 340 |
| 21 | 101 | 120 | 132 | 159 | 245 | 338 | 338 |
| 22 | 99 | 117 | 130 | 157 | 242 | 335 | 335 |
| 23 | 97 | 115 | 128 | 155 | 240 | 333 | 333 |
| 24 | 95 | 113 | 125 | 153 | 238 | 331 | 331 |
| 25 | 92 | 111 | 123 | 150 | 236 | 329 | 329 |
| 26 | 90 | 109 | 121 | 148 | 234 | 327 | 327 |
| 27 | 88 | 107 | 119 | 146 | 231 | 324 | 324 |
| 28 | 86 | 105 | 117 | 144 | 229 | 322 | 322 |
| 29 | 84 | 103 | 115 | 142 | 227 | 320 | 320 |
| 30 | 82 | 101 | 113 | 140 | 225 | 318 | 318 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

122

134

141

162

278

373

3 425

2

121

133

139

160

277

377

2 584

3

120

133

141

164

271

395

1 969

4

119

133

143

168

268

397

1 531

5

120

134

146

169

268

389

1 219

6

120

136

147

171

266

376

992

7

121

137

148

172

266

360

823

8

120

137

148

174

265

358

693

9

119

137

149

176

264

357

591

10

119

138

150

177

263

356

509

11

119

137

150

177

263

356

443

12

118

137

149

176

261

354

387

13

117

136

148

175

260

353

353

14

116

134

147

174

259

352

352

15

114

132

145

172

257

350

350

16

112

130

143

170

255

348

348

17

109

128

140

168

253

346

346

18

107

126

138

166

251

344

344

19

105

124

136

164

249

342

342

20

103

122

134

161

247

340

340

21

101

120

132

159

245

338

338

22

99

117

130

157

242

335

335

23

97

115

128

155

240

333

333

24

95

113

125

153

238

331

331

25

92

111

123

150

236

329

329

26

90

109

121

148

234

327

327

27

88

107

119

146

231

324

324

28

86

105

117

144

229

322

322

29

84

103

115

142

227

320

320

30

82

101

113

140

225

318

318

3.28.   Singapore dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 9 | 15 | 36 | 153 | 305 | 3 142 |
| 2 | 0 | 10 | 17 | 38 | 154 | 346 | 2 355 |
| 3 | 1 | 12 | 21 | 44 | 151 | 361 | 1 786 |
| 4 | 1 | 14 | 24 | 49 | 150 | 361 | 1 384 |
| 5 | 2 | 17 | 28 | 52 | 150 | 353 | 1 098 |
| 6 | 4 | 20 | 31 | 55 | 151 | 339 | 891 |
| 7 | 6 | 23 | 33 | 58 | 151 | 323 | 737 |
| 8 | 6 | 24 | 34 | 60 | 151 | 306 | 620 |
| 9 | 6 | 24 | 36 | 63 | 151 | 289 | 528 |
| 10 | 7 | 25 | 37 | 64 | 151 | 272 | 454 |
| 11 | 7 | 25 | 38 | 65 | 150 | 255 | 394 |
| 12 | 7 | 25 | 38 | 65 | 150 | 243 | 345 |
| 13 | 6 | 25 | 37 | 64 | 150 | 243 | 304 |
| 14 | 6 | 25 | 38 | 64 | 150 | 243 | 269 |
| 15 | 6 | 25 | 40 | 64 | 149 | 242 | 242 |
| 16 | 6 | 24 | 42 | 64 | 149 | 242 | 242 |
| 17 | 6 | 24 | 45 | 64 | 149 | 242 | 242 |
| 18 | 6 | 24 | 47 | 64 | 149 | 242 | 242 |
| 19 | 7 | 25 | 49 | 64 | 149 | 242 | 242 |
| 20 | 8 | 25 | 52 | 65 | 150 | 243 | 243 |
| 21 | 8 | 25 | 55 | 65 | 150 | 243 | 243 |
| 22 | 9 | 26 | 56 | 65 | 151 | 244 | 244 |
| 23 | 9 | 26 | 59 | 66 | 151 | 244 | 244 |
| 24 | 9 | 26 | 61 | 66 | 151 | 244 | 244 |
| 25 | 10 | 26 | 64 | 66 | 151 | 244 | 244 |
| 26 | 10 | 26 | 66 | 67 | 151 | 244 | 244 |
| 27 | 11 | 26 | 69 | 69 | 151 | 244 | 244 |
| 28 | 11 | 26 | 71 | 71 | 151 | 244 | 244 |
| 29 | 11 | 26 | 74 | 73 | 151 | 244 | 244 |
| 30 | 12 | 27 | 76 | 75 | 151 | 244 | 244 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

9

15

36

153

305

3 142

2

0

10

17

38

154

346

2 355

3

1

12

21

44

151

361

1 786

4

1

14

24

49

150

361

1 384

5

2

17

28

52

150

353

1 098

6

4

20

31

55

151

339

891

7

6

23

33

58

151

323

737

8

6

24

34

60

151

306

620

9

6

24

36

63

151

289

528

10

7

25

37

64

151

272

454

11

7

25

38

65

150

255

394

12

7

25

38

65

150

243

345

13

6

25

37

64

150

243

304

14

6

25

38

64

150

243

269

15

6

25

40

64

149

242

242

16

6

24

42

64

149

242

242

17

6

24

45

64

149

242

242

18

6

24

47

64

149

242

242

19

7

25

49

64

149

242

242

20

8

25

52

65

150

243

243

21

8

25

55

65

150

243

243

22

9

26

56

65

151

244

244

23

9

26

59

66

151

244

244

24

9

26

61

66

151

244

244

25

10

26

64

66

151

244

244

26

10

26

66

67

151

244

244

27

11

26

69

69

151

244

244

28

11

26

71

71

151

244

244

29

11

26

74

73

151

244

244

30

12

27

76

75

151

244

244

3.29.   South Korean won

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 30 | 42 | 49 | 70 | 186 | 305 | 3 139 |
| 2 | 31 | 43 | 49 | 70 | 187 | 346 | 2 353 |
| 3 | 29 | 42 | 51 | 74 | 181 | 361 | 1 785 |
| 4 | 29 | 42 | 53 | 77 | 178 | 361 | 1 384 |
| 5 | 29 | 43 | 55 | 78 | 177 | 353 | 1 099 |
| 6 | 31 | 47 | 58 | 82 | 177 | 340 | 892 |
| 7 | 29 | 46 | 57 | 81 | 174 | 324 | 738 |
| 8 | 33 | 50 | 61 | 86 | 177 | 307 | 621 |
| 9 | 32 | 50 | 61 | 88 | 176 | 290 | 529 |
| 10 | 27 | 46 | 58 | 85 | 171 | 273 | 455 |
| 11 | 23 | 42 | 54 | 82 | 167 | 260 | 395 |
| 12 | 21 | 39 | 52 | 79 | 164 | 257 | 346 |
| 13 | 18 | 37 | 49 | 76 | 162 | 255 | 305 |
| 14 | 17 | 35 | 47 | 75 | 160 | 253 | 270 |
| 15 | 15 | 34 | 46 | 73 | 159 | 252 | 252 |
| 16 | 14 | 32 | 45 | 72 | 157 | 250 | 250 |
| 17 | 13 | 32 | 45 | 71 | 156 | 249 | 249 |
| 18 | 12 | 31 | 47 | 71 | 156 | 249 | 249 |
| 19 | 12 | 31 | 49 | 70 | 155 | 248 | 248 |
| 20 | 12 | 31 | 52 | 70 | 155 | 248 | 248 |
| 21 | 12 | 31 | 55 | 70 | 155 | 248 | 248 |
| 22 | 12 | 31 | 57 | 70 | 155 | 248 | 248 |
| 23 | 12 | 30 | 59 | 70 | 155 | 248 | 248 |
| 24 | 12 | 30 | 61 | 70 | 155 | 248 | 248 |
| 25 | 12 | 30 | 64 | 70 | 155 | 248 | 248 |
| 26 | 12 | 30 | 66 | 70 | 155 | 248 | 248 |
| 27 | 11 | 30 | 69 | 70 | 155 | 248 | 248 |
| 28 | 11 | 30 | 71 | 71 | 155 | 248 | 248 |
| 29 | 11 | 30 | 74 | 73 | 154 | 247 | 247 |
| 30 | 12 | 29 | 76 | 75 | 154 | 247 | 247 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

30

42

49

70

186

305

3 139

2

31

43

49

70

187

346

2 353

3

29

42

51

74

181

361

1 785

4

29

42

53

77

178

361

1 384

5

29

43

55

78

177

353

1 099

6

31

47

58

82

177

340

892

7

29

46

57

81

174

324

738

8

33

50

61

86

177

307

621

9

32

50

61

88

176

290

529

10

27

46

58

85

171

273

455

11

23

42

54

82

167

260

395

12

21

39

52

79

164

257

346

13

18

37

49

76

162

255

305

14

17

35

47

75

160

253

270

15

15

34

46

73

159

252

252

16

14

32

45

72

157

250

250

17

13

32

45

71

156

249

249

18

12

31

47

71

156

249

249

19

12

31

49

70

155

248

248

20

12

31

52

70

155

248

248

21

12

31

55

70

155

248

248

22

12

31

57

70

155

248

248

23

12

30

59

70

155

248

248

24

12

30

61

70

155

248

248

25

12

30

64

70

155

248

248

26

12

30

66

70

155

248

248

27

11

30

69

70

155

248

248

28

11

30

71

71

155

248

248

29

11

30

74

73

154

247

247

30

12

29

76

75

154

247

247

3.30.   Turkish lira

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 206 | 218 | 224 | 245 | 362 | 456 | 3 608 |
| 2 | 202 | 214 | 221 | 242 | 358 | 453 | 2 743 |
| 3 | 197 | 210 | 219 | 242 | 349 | 443 | 2 107 |
| 4 | 193 | 207 | 217 | 241 | 342 | 436 | 1 650 |
| 5 | 189 | 204 | 215 | 239 | 337 | 430 | 1 320 |
| 6 | 186 | 202 | 213 | 237 | 332 | 425 | 1 077 |
| 7 | 183 | 200 | 210 | 234 | 328 | 421 | 895 |
| 8 | 179 | 196 | 207 | 232 | 323 | 416 | 754 |
| 9 | 175 | 193 | 204 | 231 | 319 | 412 | 643 |
| 10 | 171 | 190 | 202 | 229 | 315 | 408 | 554 |
| 11 | 167 | 186 | 198 | 226 | 311 | 404 | 481 |
| 12 | 163 | 182 | 194 | 222 | 307 | 400 | 421 |
| 13 | 159 | 178 | 190 | 218 | 303 | 396 | 396 |
| 14 | 156 | 174 | 187 | 214 | 299 | 392 | 392 |
| 15 | 152 | 171 | 183 | 210 | 295 | 388 | 388 |
| 16 | 149 | 167 | 180 | 207 | 292 | 385 | 385 |
| 17 | 145 | 164 | 176 | 203 | 289 | 382 | 382 |
| 18 | 142 | 161 | 173 | 200 | 286 | 379 | 379 |
| 19 | 139 | 158 | 170 | 197 | 283 | 376 | 376 |
| 20 | 136 | 155 | 167 | 194 | 280 | 373 | 373 |
| 21 | 133 | 152 | 164 | 191 | 277 | 370 | 370 |
| 22 | 130 | 149 | 161 | 189 | 274 | 367 | 367 |
| 23 | 128 | 146 | 158 | 186 | 271 | 364 | 364 |
| 24 | 125 | 143 | 156 | 183 | 268 | 361 | 361 |
| 25 | 122 | 140 | 153 | 180 | 265 | 358 | 358 |
| 26 | 119 | 138 | 150 | 177 | 263 | 356 | 356 |
| 27 | 117 | 135 | 148 | 175 | 260 | 353 | 353 |
| 28 | 114 | 133 | 145 | 172 | 258 | 351 | 351 |
| 29 | 112 | 130 | 143 | 170 | 255 | 348 | 348 |
| 30 | 109 | 128 | 140 | 167 | 253 | 346 | 346 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

206

218

224

245

362

456

3 608

2

202

214

221

242

358

453

2 743

3

197

210

219

242

349

443

2 107

4

193

207

217

241

342

436

1 650

5

189

204

215

239

337

430

1 320

6

186

202

213

237

332

425

1 077

7

183

200

210

234

328

421

895

8

179

196

207

232

323

416

754

9

175

193

204

231

319

412

643

10

171

190

202

229

315

408

554

11

167

186

198

226

311

404

481

12

163

182

194

222

307

400

421

13

159

178

190

218

303

396

396

14

156

174

187

214

299

392

392

15

152

171

183

210

295

388

388

16

149

167

180

207

292

385

385

17

145

164

176

203

289

382

382

18

142

161

173

200

286

379

379

19

139

158

170

197

283

376

376

20

136

155

167

194

280

373

373

21

133

152

164

191

277

370

370

22

130

149

161

189

274

367

367

23

128

146

158

186

271

364

364

24

125

143

156

183

268

361

361

25

122

140

153

180

265

358

358

26

119

138

150

177

263

356

356

27

117

135

148

175

260

353

353

28

114

133

145

172

258

351

351

29

112

130

143

170

255

348

348

30

109

128

140

167

253

346

346

3.31.   US dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 14 | 25 | 50 | 168 | 312 | 3 219 |
| 2 | 0 | 14 | 25 | 50 | 168 | 352 | 2 401 |
| 3 | 1 | 17 | 28 | 55 | 165 | 366 | 1 814 |
| 4 | 1 | 20 | 31 | 60 | 164 | 365 | 1 403 |
| 5 | 3 | 23 | 36 | 66 | 164 | 356 | 1 112 |
| 6 | 6 | 27 | 39 | 68 | 165 | 342 | 902 |
| 7 | 8 | 31 | 42 | 70 | 165 | 326 | 746 |
| 8 | 11 | 34 | 45 | 74 | 165 | 309 | 626 |
| 9 | 13 | 37 | 49 | 76 | 165 | 291 | 533 |
| 10 | 14 | 39 | 51 | 77 | 165 | 274 | 459 |
| 11 | 15 | 41 | 53 | 78 | 165 | 258 | 398 |
| 12 | 16 | 42 | 54 | 79 | 165 | 258 | 348 |
| 13 | 16 | 43 | 55 | 80 | 165 | 258 | 307 |
| 14 | 17 | 44 | 55 | 80 | 165 | 258 | 272 |
| 15 | 17 | 44 | 55 | 81 | 165 | 258 | 258 |
| 16 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 17 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 18 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 19 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 20 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 21 | 17 | 44 | 56 | 81 | 165 | 258 | 258 |
| 22 | 17 | 44 | 57 | 81 | 165 | 258 | 258 |
| 23 | 17 | 44 | 60 | 81 | 165 | 258 | 258 |
| 24 | 17 | 44 | 61 | 81 | 165 | 258 | 258 |
| 25 | 17 | 44 | 64 | 81 | 165 | 258 | 258 |
| 26 | 17 | 44 | 66 | 81 | 165 | 258 | 258 |
| 27 | 17 | 44 | 69 | 81 | 164 | 257 | 257 |
| 28 | 17 | 44 | 71 | 81 | 164 | 257 | 257 |
| 29 | 17 | 44 | 74 | 81 | 164 | 257 | 257 |
| 30 | 17 | 44 | 76 | 81 | 163 | 256 | 256 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

14

25

50

168

312

3 219

2

0

14

25

50

168

352

2 401

3

1

17

28

55

165

366

1 814

4

1

20

31

60

164

365

1 403

5

3

23

36

66

164

356

1 112

6

6

27

39

68

165

342

902

7

8

31

42

70

165

326

746

8

11

34

45

74

165

309

626

9

13

37

49

76

165

291

533

10

14

39

51

77

165

274

459

11

15

41

53

78

165

258

398

12

16

42

54

79

165

258

348

13

16

43

55

80

165

258

307

14

17

44

55

80

165

258

272

15

17

44

55

81

165

258

258

16

17

44

56

81

165

258

258

17

17

44

56

81

165

258

258

18

17

44

56

81

165

258

258

19

17

44

56

81

165

258

258

20

17

44

56

81

165

258

258

21

17

44

56

81

165

258

258

22

17

44

57

81

165

258

258

23

17

44

60

81

165

258

258

24

17

44

61

81

165

258

258

25

17

44

64

81

165

258

258

26

17

44

66

81

165

258

258

27

17

44

69

81

164

257

257

28

17

44

71

81

164

257

257

29

17

44

74

81

164

257

257

30

17

44

76

81

163

256

256

3.32.   Yen

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 4 | 13 | 130 | 288 | 2 952 |
| 2 | 0 | 1 | 6 | 13 | 128 | 328 | 2 215 |
| 3 | 1 | 1 | 8 | 16 | 122 | 343 | 1 683 |
| 4 | 1 | 3 | 11 | 18 | 119 | 343 | 1 307 |
| 5 | 1 | 4 | 13 | 21 | 118 | 336 | 1 039 |
| 6 | 2 | 4 | 16 | 23 | 118 | 323 | 845 |
| 7 | 2 | 6 | 19 | 26 | 117 | 309 | 700 |
| 8 | 2 | 6 | 21 | 29 | 117 | 293 | 589 |
| 9 | 4 | 7 | 24 | 30 | 117 | 277 | 503 |
| 10 | 4 | 9 | 27 | 33 | 117 | 260 | 433 |
| 11 | 4 | 9 | 28 | 35 | 118 | 245 | 377 |
| 12 | 4 | 9 | 31 | 37 | 118 | 230 | 330 |
| 13 | 4 | 11 | 34 | 39 | 118 | 215 | 291 |
| 14 | 5 | 11 | 36 | 41 | 118 | 211 | 258 |
| 15 | 6 | 13 | 38 | 43 | 118 | 211 | 230 |
| 16 | 6 | 13 | 41 | 45 | 119 | 212 | 212 |
| 17 | 6 | 15 | 43 | 47 | 119 | 212 | 212 |
| 18 | 6 | 15 | 45 | 50 | 120 | 213 | 213 |
| 19 | 7 | 16 | 48 | 51 | 121 | 213 | 213 |
| 20 | 7 | 17 | 51 | 54 | 123 | 214 | 214 |
| 21 | 7 | 18 | 52 | 55 | 125 | 214 | 214 |
| 22 | 9 | 18 | 55 | 57 | 126 | 214 | 214 |
| 23 | 9 | 20 | 57 | 59 | 128 | 215 | 215 |
| 24 | 9 | 20 | 60 | 61 | 129 | 215 | 215 |
| 25 | 10 | 21 | 61 | 63 | 130 | 215 | 215 |
| 26 | 10 | 22 | 64 | 65 | 132 | 215 | 215 |
| 27 | 10 | 23 | 66 | 66 | 133 | 215 | 215 |
| 28 | 11 | 24 | 69 | 68 | 134 | 215 | 215 |
| 29 | 11 | 25 | 71 | 70 | 135 | 214 | 214 |
| 30 | 12 | 25 | 73 | 71 | 137 | 214 | 214 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

0

4

13

130

288

2 952

2

0

1

6

13

128

328

2 215

3

1

1

8

16

122

343

1 683

4

1

3

11

18

119

343

1 307

5

1

4

13

21

118

336

1 039

6

2

4

16

23

118

323

845

7

2

6

19

26

117

309

700

8

2

6

21

29

117

293

589

9

4

7

24

30

117

277

503

10

4

9

27

33

117

260

433

11

4

9

28

35

118

245

377

12

4

9

31

37

118

230

330

13

4

11

34

39

118

215

291

14

5

11

36

41

118

211

258

15

6

13

38

43

118

211

230

16

6

13

41

45

119

212

212

17

6

15

43

47

119

212

212

18

6

15

45

50

120

213

213

19

7

16

48

51

121

213

213

20

7

17

51

54

123

214

214

21

7

18

52

55

125

214

214

22

9

18

55

57

126

214

214

23

9

20

57

59

128

215

215

24

9

20

60

61

129

215

215

25

10

21

61

63

130

215

215

26

10

22

64

65

132

215

215

27

10

23

66

66

133

215

215

28

11

24

69

68

134

215

215

29

11

25

71

70

135

214

214

30

12

25

73

71

137

214

214

---

ANNEX III

Volatility adjustment to the relevant risk-free interest rate term structure

| Currency | National insurance market | Volatility adjustment (in bps) |
| --- | --- | --- |
| Euro | Austria | 21 |
| Euro | Belgium | 21 |
| Euro | Cyprus | 21 |
| Euro | Estonia | 21 |
| Euro | Finland | 21 |
| Euro | France | 21 |
| Euro | Germany | 21 |
| Euro | Greece | 21 |
| Euro | Ireland | 21 |
| Euro | Italy | 21 |
| Euro | Latvia | 21 |
| Euro | Lithuania | 21 |
| Euro | Luxembourg | 21 |
| Euro | Malta | 21 |
| Euro | Netherlands | 21 |
| Euro | Portugal | 21 |
| Euro | Slovakia | 21 |
| Euro | Slovenia | 21 |
| Euro | Spain | 21 |
| Czech koruna | Czech Republic | 14 |
| Danish krone | Denmark | 25 |
| Forint | Hungary | 13 |
| Krona | Sweden | -1 |
| Euro | Croatia | 21 |
| Lev | Bulgaria | 18 |
| Pound sterling | United Kingdom | 18 |
| Romanian leu | Romania | 11 |
| Zloty | Poland | 12 |
| Króna | Iceland | 50 |
| Norwegian krone | Norway | 24 |
| Swiss franc | Liechtenstein | -3 |
| Swiss franc | Switzerland | -3 |
| Australian dollar | Australia | 6 |
| Canadian dollar | Canada | 19 |
| Renminbi-yuan | China | 3 |
| Hong Kong dollar | Hong Kong | 3 |
| US dollar | United States | 53 |
| Yen | Japan | -2 |

Currency

National insurance market

Volatility adjustment (in bps)

Euro

Austria

21

Euro

Belgium

21

Euro

Cyprus

21

Euro

Estonia

21

Euro

Finland

21

Euro

France

21

Euro

Germany

21

Euro

Greece

21

Euro

Ireland

21

Euro

Italy

21

Euro

Latvia

21

Euro

Lithuania

21

Euro

Luxembourg

21

Euro

Malta

21

Euro

Netherlands

21

Euro

Portugal

21

Euro

Slovakia

21

Euro

Slovenia

21

Euro

Spain

21

Czech koruna

Czech Republic

14

Danish krone

Denmark

25

Forint

Hungary

13

Krona

Sweden

-1

Euro

Croatia

21

Lev

Bulgaria

18

Pound sterling

United Kingdom

18

Romanian leu

Romania

11

Zloty

Poland

12

Króna

Iceland

50

Norwegian krone

Norway

24

Swiss franc

Liechtenstein

-3

Swiss franc

Switzerland

-3

Australian dollar

Australia

6

Canadian dollar

Canada

19

Renminbi-yuan

China

3

Hong Kong dollar

Hong Kong

3

US dollar

United States

53

Yen

Japan

-2

---

III Other acts

EUROPEAN ECONOMIC AREA

| 31.8.2023 | EN | Official Journal of the European Union | L 214/177 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/177

---

EFTA SURVEILLANCE AUTHORITY DECISION No 004/23/COL

of 8 February 2023

amending the substantive rules in the field of State aid by introducing new Guidelines on State aid for broadband networks [2023/1673]

THE EFTA SURVEILLANCE AUTHORITY (‘ESA’),

Having regard to the Agreement on the European Economic Area (‘the EEA Agreement’), in particular to Articles 61 to 63 and Protocol 26,

Having regard to the Agreement between the EFTA States on the Establishment of a Surveillance Authority and a Court of Justice (‘the Surveillance and Court Agreement’), in particular to Article 24 and Article 5(2)(b),

Having regard to Protocol 3 to the Surveillance and Court Agreement (‘Protocol 3’), in particular to Article 1(1) of Part I,

Whereas:

Under Article 24 of the Surveillance and Court Agreement, ESA shall give effect to the provisions of the EEA Agreement concerning State aid.

Under Article 5(2)(b) of the Surveillance and Court Agreement, ESA shall issue notices or guidelines on matters dealt with in the EEA Agreement, if that Agreement or the Surveillance and Court Agreement expressly so provides or if ESA considers it necessary.

Under Article 1(1) of Part I of Protocol 3 to the Surveillance and Court Agreement, ESA shall keep under constant review all systems of aid existing in the EFTA States (1) and propose any appropriate measures required by the progressive development or by the functioning of the EEA Agreement.

ESA’s Guidelines on application of State aid rules in relation to rapid deployment of broadband networks (2), as amended (3), correspond to the European Commission’s (‘the Commission’) Communication on EU Guidelines for the application of State aid rules in relation to the rapid deployment of broadband networks (4).

On 12 December 2022, the Commission adopted a revised Communication on Guidelines on State aid for broadband networks (‘the 2022 Broadband Guidelines’) (5)

The 2022 Broadband Guidelines are also of relevance for the European Economic Area (‘EEA’).

Uniform application of the EEA State aid rules is to be ensured throughout the European Economic Area in line with the objective of homogeneity established in Article 1 of the EEA Agreement.

According to point II under the heading ‘GENERAL’ on page 11 of Annex XV to the EEA Agreement, ESA, after consultation with the Commission, is to adopt acts corresponding to those adopted by the Commission.

The 2022 Broadband Guidelines may refer to certain European Union policy instruments and to certain European Union legal acts that have not been incorporated into the EEA Agreement. With a view to ensuring uniform application of State aid provisions and equal conditions of competition throughout the EEA, ESA will generally apply the same points of reference as the Commission when assessing the compatibility of aid with the functioning of the EEA Agreement.

Having consulted the Commission,

Having consulted the EFTA States,

HAS ADOPTED THIS DECISION:

Article 1

(1)   The substantive rules in the field of State aid shall be amended by introducing new Guidelines on State aid for broadband networks (‘the Broadband Guidelines’). The Broadband Guidelines, in form of the 2022 Broadband Guidelines, are annexed to this Decision and form an integral part of it.

(2)   ESA will follow the principles and guidelines set out in the 2022 Broadband Guidelines for the compatibility assessment of all notified aid to broadband networks in respect of which it is called upon to take a decision after 8 February 2023 when the Broadband Guidelines enter into force. Unlawful aid to broadband networks will be assessed in accordance with the rules applicable on the date on which the aid was awarded.

Article 2

ESA applies the 2022 Broadband Guidelines with the following adaptations where applicable, including, but not limited to:

| (a) | if there is a reference to ‘Member State(s)’, ESA reads it as a reference to ‘EFTA State(s)’ (6), or where appropriate ‘EEA State(s)’; |
| --- | --- |

(a)

if there is a reference to ‘Member State(s)’, ESA reads it as a reference to ‘EFTA State(s)’ (6), or where appropriate ‘EEA State(s)’;

| (b) | if there is a reference to the ‘European Commission’, ESA reads it, where appropriate, as a reference to the ‘EFTA Surveillance Authority’; |
| --- | --- |

(b)

if there is a reference to the ‘European Commission’, ESA reads it, where appropriate, as a reference to the ‘EFTA Surveillance Authority’;

| (c) | if there is a reference to ‘the Treaty’ or ‘TFEU’, ESA reads it as a reference to ‘the EEA Agreement’; |
| --- | --- |

(c)

if there is a reference to ‘the Treaty’ or ‘TFEU’, ESA reads it as a reference to ‘the EEA Agreement’;

| (d) | if there is a reference to ‘the Union’, ESA reads it as a reference to ‘the EEA’; |
| --- | --- |

(d)

if there is a reference to ‘the Union’, ESA reads it as a reference to ‘the EEA’;

| (e) | if there is a reference to Article 106 TFEU or sections of that Article, ESA reads it as a reference to Article 59 of the EEA Agreement and the corresponding sections of that Article; |
| --- | --- |

(e)

if there is a reference to Article 106 TFEU or sections of that Article, ESA reads it as a reference to Article 59 of the EEA Agreement and the corresponding sections of that Article;

| (f) | if there is a reference to Article 107 TFEU or sections of that Article, ESA reads it as a reference to Article 61 of the EEA Agreement and the corresponding sections of that Article; |
| --- | --- |

(f)

if there is a reference to Article 107 TFEU or sections of that Article, ESA reads it as a reference to Article 61 of the EEA Agreement and the corresponding sections of that Article;

| (g) | if there is a reference to Article 108 TFEU or sections of that Article, ESA reads it as a reference to Article 1 of Part I of Protocol 3 of the Surveillance and Court Agreement and the corresponding sections of that Article; |
| --- | --- |

(g)

if there is a reference to Article 108 TFEU or sections of that Article, ESA reads it as a reference to Article 1 of Part I of Protocol 3 of the Surveillance and Court Agreement and the corresponding sections of that Article;

| (h) | if there is a reference to Council Regulation (EU) 2015/1589 (7), ESA reads it as a reference to Part II of Protocol 3 of the Surveillance and Court Agreement; |
| --- | --- |

(h)

if there is a reference to Council Regulation (EU) 2015/1589 (7), ESA reads it as a reference to Part II of Protocol 3 of the Surveillance and Court Agreement;

| (i) | if there is a reference to Commission Regulation (EC) No 794/2004 (8), ESA reads it as a reference to EFTA Surveillance Authority Decision 195/04/COL; |
| --- | --- |

(i)

if there is a reference to Commission Regulation (EC) No 794/2004 (8), ESA reads it as a reference to EFTA Surveillance Authority Decision 195/04/COL;

| (j) | if there is a reference to the wording ‘(in-)compatible with the internal market’, ESA reads it as ‘(in-)compatible with the functioning of the EEA Agreement’; |
| --- | --- |

(j)

if there is a reference to the wording ‘(in-)compatible with the internal market’, ESA reads it as ‘(in-)compatible with the functioning of the EEA Agreement’;

| (k) | if there is a reference to Commission Communications, Notices or Guidelines, ESA reads it as a reference to the corresponding ESA Guidelines. |
| --- | --- |

(k)

if there is a reference to Commission Communications, Notices or Guidelines, ESA reads it as a reference to the corresponding ESA Guidelines.

Article 3

(1)   Point 221(a) of the 2022 Broadband Guidelines is replaced by:

‘Pursuant to Article 1(1) of Part I of Protocol 3 of the Surveillance and Court Agreement, ESA proposes that EFTA States must amend, where necessary, their existing broadband aid schemes in order to bring them in line with Section 7.1 of these Broadband Guidelines within 12 months after the entry into force of these Broadband Guidelines’.

(2)   Point 221(b) of the 2022 Broadband Guidelines is replaced by:

‘EFTA States should give their explicit unconditional agreement to the appropriate measures (including amendments) proposed in point (a) within 2 months of the entry into force of these Broadband Guidelines. In the absence of any reply within the 2 months, ESA will assume that the EFTA State in question does not agree with the proposed measures.’

Done at Brussels, 8 February 2023.

For the EFTA Surveillance Authority

Arne RØKSUND

President

Responsible College Member

Stefan BARRIGA

College Member

Árni Páll ÁRNASON

College Member

Melpo-Menie JOSÉPHIDÈS

Countersigning as Director,

Legal and Executive Affairs

---

(1)  Article 1(b) of the Surveillance and Court Agreement states that ‘the term “EFTA States” means the Republic of Iceland and the Kingdom of Norway and, under the conditions laid down by Article 1(2) of the Protocol Adjusting the Agreement between the EFTA States on the Establishment of a Surveillance Authority and a Court of Justice, the Principality of Liechtenstein’.

1

(2)  ESA’s Guidelines on application of State aid rules in relation to rapid deployment of broadband networks introduced by EFTA Surveillance Authority Decision No 73/13/COL of 20 February 2013 amending for the eighty-ninth time the procedural and substantive rules in the field of state aid by introducing a new chapter on the application of state aid rules in relation to the rapid deployment of broadband networks (OJ L 135, 8.5.2014, p. 49).

2

(3)  EFTA Surveillance Authority Decision No 302/14/COL of 16 July 2014 amending for the ninety-ninth time the procedural and substantive rules in the field of State aid by modifying certain State aid Guidelines (OJ L 15, 22.1.2015, p. 103).

3

(4)  Communication from the Commission – EU Guidelines for the application of State aid rules in relation to the rapid deployment of broadband networks (OJ C 25, 26.1.2013, p. 1).

4

(5)  () C(2022) 9343 final, not yet published in the Official Journal of the European Union.

5

Official Journal of the European Union

(6)  The ‘EFTA States’ refers to Iceland, Liechtenstein and Norway.

6

(7)  Council Regulation (EU) 2015/1589 of 13 July 2015 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 248, 24.9.2015, p. 9).

7

(8)  Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EU) 2015/1589 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 140, 30.4.2004, p. 1).

8

---

ANNEX

COMMUNICATION FROM THE COMMISSION

Guidelines on State aid for broadband networks

TABLE OF CONTENTS

TABLE OF CONTENTS

| 1. | INTRODUCTION | 182 |
| --- | --- | --- |

1.

| 2. | SCOPE, DEFINITIONS, TYPES OF BROADBAND NETWORKS | 184 |
| --- | --- | --- |

2.

| 2.1 | Scope | 184 |
| --- | --- | --- |

2.1

| 2.2 | Definitions | 184 |
| --- | --- | --- |

2.2

| 2.3 | Types of broadband networks | 186 |
| --- | --- | --- |

2.3

| 2.3.1 | Fixed ultrafast access networks | 186 |
| --- | --- | --- |

2.3.1

| 2.3.2 | Mobile access networks | 187 |
| --- | --- | --- |

2.3.2

| 2.3.3 | Backhaul networks | 187 |
| --- | --- | --- |

2.3.3

| 3. | COMPATIBILITY ASSESSMENT UNDER ARTICLE 106(2) OF THE TREATY | 188 |
| --- | --- | --- |

3.

| 4. | COMPATIBILITY ASSESSMENT UNDER ARTICLE 107(3), POINT (C), OF THE TREATY | 189 |
| --- | --- | --- |

4.

| 5. | AID FOR THE DEPLOYMENT OF BROADBAND NETWORKS | 190 |
| --- | --- | --- |

5.

| 5.1 | First condition: facilitation of the development of an economic activity | 190 |
| --- | --- | --- |

5.1

| 5.1.1 | Networks as facilitators of economic activities | 190 |
| --- | --- | --- |

5.1.1

| 5.1.2 | Incentive effect | 191 |
| --- | --- | --- |

5.1.2

| 5.1.3 | Compliance with other provisions of Union law | 191 |
| --- | --- | --- |

5.1.3

| 5.2 | Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest | 191 |
| --- | --- | --- |

5.2

| 5.2.1 | Positive effects of the aid | 191 |
| --- | --- | --- |

5.2.1

| 5.2.2 | Necessity for State intervention | 192 |
| --- | --- | --- |

5.2.2

| 5.2.3 | Appropriateness of the aid as a policy instrument | 199 |
| --- | --- | --- |

5.2.3

| 5.2.4 | Proportionality of the aid | 202 |
| --- | --- | --- |

5.2.4

| 5.2.5 | Transparency, reporting, monitoring of the aid | 211 |
| --- | --- | --- |

5.2.5

| 5.3 | Negative effects on competition and trade | 211 |
| --- | --- | --- |

5.3

| 5.4 | Weighing the positive effects of aid against the negative effects on competition and trade | 211 |
| --- | --- | --- |

5.4

| 6. | COMPATIBILITY ASSESSMENT OF TAKE-UP MEASURES | 212 |
| --- | --- | --- |

6.

| 6.1 | Social vouchers | 213 |
| --- | --- | --- |

6.1

| 6.2 | Connectivity vouchers | 214 |
| --- | --- | --- |

6.2

| 6.2.1 | First condition: facilitation of the development of an economic activity | 214 |
| --- | --- | --- |

6.2.1

| 6.2.2 | Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest | 214 |
| --- | --- | --- |

6.2.2

| 7. | TRANSPARENCY, REPORTING, MONITORING | 215 |
| --- | --- | --- |

7.

| 7.1 | Transparency | 215 |
| --- | --- | --- |

7.1

| 7.2 | Reporting | 216 |
| --- | --- | --- |

7.2

| 7.3 | Monitoring | 216 |
| --- | --- | --- |

7.3

| 8. | EX POST EVALUATION PLAN | 216 |
| --- | --- | --- |

8.

EX POST

| 9. | FINAL PROVISIONS | 217 |
| --- | --- | --- |

9.

1.   Introduction

Introduction

| 1. | Connectivity is a fundamental building block of digital transformation. It is of strategic importance for growth and innovation in all economic sectors of the Union and for social and territorial cohesion. |
| --- | --- |

1.

Connectivity is a fundamental building block of digital transformation. It is of strategic importance for growth and innovation in all economic sectors of the Union and for social and territorial cohesion.

| 2. | The Union has set ambitious connectivity objectives in the Gigabit Communication (1), the Communication Shaping Europe’s digital future (2), the Digital Compass Communication (3) and in its proposal for a decision of the European Parliament and of the Council establishing the 2030 Policy Programme Path to the Digital Decade (4) (DDPP proposal). |
| --- | --- |

2.

The Union has set ambitious connectivity objectives in the Gigabit Communication (1

2

3

4

| 3. | In the Gigabit Communication, the Commission set out the following connectivity objectives for 2025: (a) all Union households, rural or urban, should have an internet connectivity with a download speed of at least 100 Mbps, upgradable to 1 Gbps; (b) socio-economic drivers, such as digitally intensive enterprises, schools, hospitals and public administration should benefit from a download speed of at least 1 Gbps and an upload speed of at least 1 Gbps; and (c) all urban areas and major transport paths should have uninterrupted 5G coverage (5). |
| --- | --- |

3.

In the Gigabit Communication, the Commission set out the following connectivity objectives for 2025: (a) all Union households, rural or urban, should have an internet connectivity with a download speed of at least 100 Mbps, upgradable to 1 Gbps; (b) socio-economic drivers, such as digitally intensive enterprises, schools, hospitals and public administration should benefit from a download speed of at least 1 Gbps and an upload speed of at least 1 Gbps; and (c) all urban areas and major transport paths should have uninterrupted 5G coverage (5

| 4. | The Communication Shaping Europe’s digital future explains that the expression ‘100 Mbps, upgradable to Gigabit speed’ reflects the Commission’s expectation that, as the decade progresses, households will increasingly need 1 Gbps speed (6). |
| --- | --- |

4.

The Communication Shaping Europe’s digital future explains that the expression ‘100 Mbps, upgradable to Gigabit speed’ reflects the Commission’s expectation that, as the decade progresses, households will increasingly need 1 Gbps speed (6

| 5. | The Digital Compass Communication states, as the connectivity objective for 2030, that all Union households should be covered by a Gigabit network (7), and all populated areas should be covered by 5G (8). The DDPP proposal underlines that ‘societal needs for upload and download bandwidth are constantly growing. By 2030, networks with gigabit speeds should become available at accessible conditions for all those who need or wish such capacity’ (9). |
| --- | --- |

5.

The Digital Compass Communication states, as the connectivity objective for 2030, that all Union households should be covered by a Gigabit network (7

8

9

| 6. | To achieve the Union’s objectives for 2025 and 2030, adequate investment is needed. Such investments primarily come from private investors and may be complemented, where necessary, by public funds, in accordance with State aid rules. |
| --- | --- |

6.

To achieve the Union’s objectives for 2025 and 2030, adequate investment is needed. Such investments primarily come from private investors and may be complemented, where necessary, by public funds, in accordance with State aid rules.

| 7. | The COVID-19 pandemic underlined the importance of performant electronic communications networks for people, businesses and public institutions. On 27 May 2020, the Commission put forward its proposal for a major recovery plan to mitigate the economic and social impact of the pandemic, NextGenerationEU (10). The Recovery and Resilience Facility (RRF) established by Regulation (EU) 2021/241 of the European Parliament and of the Council (11) is part of that plan. One of the key priorities of the RRF is to support the digital transition, through connectivity measures aimed in particular at bridging the ‘digital divide’ between urban and rural areas and addressing market failures with respect to the deployment of performant networks. Regulation (EU) 2021/241 requires that each Member State devote at least 20 % of the allocated funding to measures fostering the digital transition. |
| --- | --- |

7.

The COVID-19 pandemic underlined the importance of performant electronic communications networks for people, businesses and public institutions. On 27 May 2020, the Commission put forward its proposal for a major recovery plan to mitigate the economic and social impact of the pandemic, NextGenerationEU (10

11

| 8. | Moreover, electronic communications networks can help achieving sustainability goals. The Union’s 2050 objective of climate neutrality, as set out in the European Green Deal (12) and in Regulation (EU) 2021/1119 of the European Parliament and of the Council (13), cannot be reached without a fundamental digital transformation of society. One of the essential components of the digital transformation of the Union is the development of secured and performant electronic communications networks that help to make an important contribution to the Union’s main environmental objectives. At the same time electronic communications networks themselves will have to become more sustainable, energy, and resource efficient. |
| --- | --- |

8.

Moreover, electronic communications networks can help achieving sustainability goals. The Union’s 2050 objective of climate neutrality, as set out in the European Green Deal (12

13

| 9. | The electronic communications sector has undergone a thorough liberalisation process and is now subject to sectoral regulation. Directive (EU) 2018/1972 of the European Parliament and of the Council (14) provides the regulatory framework for electronic communications. |
| --- | --- |

9.

The electronic communications sector has undergone a thorough liberalisation process and is now subject to sectoral regulation. Directive (EU) 2018/1972 of the European Parliament and of the Council (14

| 10. | Competition policy, and State aid rules in particular, have an important role to play in fulfilling digital strategy objectives and developing a co-ordinated investment strategy for connectivity. The purpose of State aid control in the broadband sector is to ensure that State aid will result in a higher level of broadband coverage and use than would be the case without State intervention, while supporting higher quality, more affordable services and pro-competitive investments. Any State intervention should limit as much as possible the risk of crowding out private investments, altering commercial investment incentives and ultimately distorting competition contrary to the common interest. |
| --- | --- |

10.

Competition policy, and State aid rules in particular, have an important role to play in fulfilling digital strategy objectives and developing a co-ordinated investment strategy for connectivity. The purpose of State aid control in the broadband sector is to ensure that State aid will result in a higher level of broadband coverage and use than would be the case without State intervention, while supporting higher quality, more affordable services and pro-competitive investments. Any State intervention should limit as much as possible the risk of crowding out private investments, altering commercial investment incentives and ultimately distorting competition contrary to the common interest.

| 11. | In 2020, the Commission launched an evaluation of the 2013 Broadband Guidelines (15) to assess whether they were still fit for purpose. The results (16) showed that although, in principle, the rules had worked effectively, targeted adjustments were needed to reflect recent market and technology developments and take into account legislative developments and current priorities (17). |
| --- | --- |

11.

In 2020, the Commission launched an evaluation of the 2013 Broadband Guidelines (15

16

17

2.   Scope, definitions, types of broadband networks

Scope, definitions, types of broadband networks

2.1   Scope

Scope

| 12. | To prevent State aid from unduly distorting or threatening to distort competition in the internal market and significantly affecting trade between Member States, Article 107(1) of the Treaty on the Functioning of the European Union (‘the Treaty’) lays down the principle that State aid is prohibited. In certain cases, however, such aid may be compatible with the internal market on the basis of Article 107(2) and (3) of the Treaty. |
| --- | --- |

12.

To prevent State aid from unduly distorting or threatening to distort competition in the internal market and significantly affecting trade between Member States, Article 107(1) of the Treaty on the Functioning of the European Union (‘the Treaty’) lays down the principle that State aid is prohibited. In certain cases, however, such aid may be compatible with the internal market on the basis of Article 107(2) and (3) of the Treaty.

| 13. | Member States are required to notify the Commission of any plans to grant State aid pursuant to Article 108(3) of the Treaty, unless the aid pertains to one of the categories that are exempted from the notification requirement pursuant to Article 109 of the Treaty (18). |
| --- | --- |

13.

Member States are required to notify the Commission of any plans to grant State aid pursuant to Article 108(3) of the Treaty, unless the aid pertains to one of the categories that are exempted from the notification requirement pursuant to Article 109 of the Treaty (18

| 14. | These Guidelines provide guidance on how the Commission will assess, on the basis of Article 106(2), Article 107(2), point (a), and Article 107(3), point (c), of the Treaty, the compatibility of State aid for the deployment and take-up of fixed and mobile broadband networks and services. |
| --- | --- |

14.

These Guidelines provide guidance on how the Commission will assess, on the basis of Article 106(2), Article 107(2), point (a), and Article 107(3), point (c), of the Treaty, the compatibility of State aid for the deployment and take-up of fixed and mobile broadband networks and services.

| 15. | State interventions not fulfilling one of the conditions laid down in Article 107(1) of the Treaty do not constitute State aid. Consequently, they are not subject to the compatibility assessment laid down in these Guidelines. |
| --- | --- |

15.

State interventions not fulfilling one of the conditions laid down in Article 107(1) of the Treaty do not constitute State aid. Consequently, they are not subject to the compatibility assessment laid down in these Guidelines.

| 16. | In particular, Union funding that is centrally managed by the institutions, agencies, joint undertakings or other bodies of the Union and that is not directly or indirectly under the control of Member States (19) does not constitute State aid. |
| --- | --- |

16.

In particular, Union funding that is centrally managed by the institutions, agencies, joint undertakings or other bodies of the Union and that is not directly or indirectly under the control of Member States (19

| 17. | Aid for deployment and take-up of broadband networks and services may not be awarded to undertakings in difficulty as set out in the Commission’s Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (20). |
| --- | --- |

17.

Aid for deployment and take-up of broadband networks and services may not be awarded to undertakings in difficulty as set out in the Commission’s Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (20

| 18. | When assessing aid in favour of an undertaking that is subject to an outstanding recovery order following a previous Commission decision that declared an aid illegal and incompatible with the internal market, the Commission will take account of the amount of aid still to be recovered (21). |
| --- | --- |

18.

When assessing aid in favour of an undertaking that is subject to an outstanding recovery order following a previous Commission decision that declared an aid illegal and incompatible with the internal market, the Commission will take account of the amount of aid still to be recovered (21

2.2   Definitions

Definitions

| 19. | For the purposes of these Guidelines, the following definitions apply:






  (a) | ‘broadband network’ means an electronic communications network, as defined in Article 2, point (1), of Directive (EU) 2018/1972, delivering broadband electronic communications services (‘broadband services’); |
| --- | --- | --- |

19.

For the purposes of these Guidelines, the following definitions apply:

(a)

‘broadband network’ means an electronic communications network, as defined in Article 2, point (1), of Directive (EU) 2018/1972, delivering broadband electronic communications services (‘broadband services’);

| (b) | ‘access network’ means the segment of a broadband network that connects the backhaul network with the end users’ premises or devices; |
| --- | --- |

(b)

‘access network’ means the segment of a broadband network that connects the backhaul network with the end users’ premises or devices;

| (c) | ‘fixed access network’ means a broadband network providing data transmission services to end users at a fixed location using a variety of technologies, including cable, digital subscriber line (‘DSL’), optical fibres and wireless; |
| --- | --- |

(c)

‘fixed access network’ means a broadband network providing data transmission services to end users at a fixed location using a variety of technologies, including cable, digital subscriber line (‘DSL’), optical fibres and wireless;

| (d) | ‘fixed ultrafast access network’ means a fixed access network delivering broadband services of at least 100 Mbps download speed (‘fixed ultrafast broadband services’); |
| --- | --- |

(d)

‘fixed ultrafast access network’ means a fixed access network delivering broadband services of at least 100 Mbps download speed (‘fixed ultrafast broadband services’);

| (e) | ‘mobile access network’ means a wireless communications network that provides connectivity to end users at any location in the area covered by the network using one or several International Mobile Telecommunications (‘IMT’) standards; |
| --- | --- |

(e)

‘mobile access network’ means a wireless communications network that provides connectivity to end users at any location in the area covered by the network using one or several International Mobile Telecommunications (‘IMT’) standards;

| (f) | ‘backhaul network’ means the part of a network that connects the access network to the backbone network. It is the part of the network where the traffic of end users is aggregated; |
| --- | --- |

(f)

‘backhaul network’ means the part of a network that connects the access network to the backbone network. It is the part of the network where the traffic of end users is aggregated;

| (g) | ‘backbone network’ means the core network that interconnects backhaul networks from different geographic areas or regions; |
| --- | --- |

(g)

‘backbone network’ means the core network that interconnects backhaul networks from different geographic areas or regions;

| (h) | ‘active network’ means a broadband network with active components (for instance, transponders, routers and switches, active antennas) and passive components (for instance, ducts, poles, masts, dark fibres, cabinets and manholes); |
| --- | --- |

(h)

‘active network’ means a broadband network with active components (for instance, transponders, routers and switches, active antennas) and passive components (for instance, ducts, poles, masts, dark fibres, cabinets and manholes);

| (i) | ‘infrastructure’ means a broadband network without any active component and typically comprising physical infrastructure, as defined in Article 2, second paragraph, point (2), of Directive 2014/61/EU of the European Parliament and of the Council (22), and cables (including dark fibre and copper cables); |
| --- | --- |

(i)

‘infrastructure’ means a broadband network without any active component and typically comprising physical infrastructure, as defined in Article 2, second paragraph, point (2), of Directive 2014/61/EU of the European Parliament and of the Council (22), and cables (including dark fibre and copper cables);

22

| (j) | ‘peak time’ means the time of the day with a typical duration of one hour where the network load is usually at its maximum; |
| --- | --- |

(j)

‘peak time’ means the time of the day with a typical duration of one hour where the network load is usually at its maximum;

| (k) | ‘peak-time conditions’ means the conditions under which the network is expected to operate at ‘peak time’; |
| --- | --- |

(k)

‘peak-time conditions’ means the conditions under which the network is expected to operate at ‘peak time’;

| (l) | ‘premises passed’ means end users’ premises to which, upon request from end users and within 4 weeks from the date of the request, an operator can provide broadband services (regardless of whether those premises are already connected to the network or not). The price charged by the operator for providing such broadband services at end users’ premises in this case must not exceed normal connection fees. This means that it must not include any additional or exceptional cost as compared to the standard commercial practice and, in any case, must not exceed the usual price in the Member State concerned. That price must be determined by the competent national authority; |
| --- | --- |

(l)

‘premises passed’ means end users’ premises to which, upon request from end users and within 4 weeks from the date of the request, an operator can provide broadband services (regardless of whether those premises are already connected to the network or not). The price charged by the operator for providing such broadband services at end users’ premises in this case must not exceed normal connection fees. This means that it must not include any additional or exceptional cost as compared to the standard commercial practice and, in any case, must not exceed the usual price in the Member State concerned. That price must be determined by the competent national authority;

| (m) | ‘relevant time horizon’ means a time horizon used for verifying planned private investments and corresponds to the time frame that the Member State estimates for deploying the planned State-funded network, starting from the moment of publication of the public consultation on the planned State intervention until the entry into operation of the network, namely until the start of the provision of wholesale or retail services on the State-funded network. The relevant time horizon taken into consideration cannot be shorter than 2 years; |
| --- | --- |

(m)

‘relevant time horizon’ means a time horizon used for verifying planned private investments and corresponds to the time frame that the Member State estimates for deploying the planned State-funded network, starting from the moment of publication of the public consultation on the planned State intervention until the entry into operation of the network, namely until the start of the provision of wholesale or retail services on the State-funded network. The relevant time horizon taken into consideration cannot be shorter than 2 years;

| (n) | ‘overbuilding’ means deploying a State-funded network in addition to one or more existing networks in a certain area; |
| --- | --- |

(n)

‘overbuilding’ means deploying a State-funded network in addition to one or more existing networks in a certain area;

| (o) | ‘crowding out’ means an economic effect of a State intervention that is conducive to disincentivising, preventing, driving down or even eliminating private investments. This may be the case, for instance, if private investors see the profitability of their prior or planned investment decreasing because of State aid to an alternative investment, which may lead them to decide to reduce, discontinue, alter their investment, withdraw from the market altogether or decide not to enter into a new market or a geographic area; |
| --- | --- |

(o)

‘crowding out’ means an economic effect of a State intervention that is conducive to disincentivising, preventing, driving down or even eliminating private investments. This may be the case, for instance, if private investors see the profitability of their prior or planned investment decreasing because of State aid to an alternative investment, which may lead them to decide to reduce, discontinue, alter their investment, withdraw from the market altogether or decide not to enter into a new market or a geographic area;

| (p) | ‘step change’ means a significant improvement achieved by State-funded networks, bringing substantial new investments in the broadband networks and significant new capabilities to the market in terms of broadband services availability, capacity, speed or other relevant characteristics of the network and competition; |
| --- | --- |

(p)

‘step change’ means a significant improvement achieved by State-funded networks, bringing substantial new investments in the broadband networks and significant new capabilities to the market in terms of broadband services availability, capacity, speed or other relevant characteristics of the network and competition;

| (q) | ‘digital divide’ means the gap between those areas or regions that have access to adequate broadband services and those that do not. |
| --- | --- |

(q)

‘digital divide’ means the gap between those areas or regions that have access to adequate broadband services and those that do not.

2.3   Types of broadband networks

Types of broadband networks

| 20. | For the purposes of assessing State aid, these Guidelines distinguish between fixed ultrafast access networks, mobile access networks and backhaul networks, as further described in Sections 2.3.1, 2.3.2 and 2.3.3. ‘Fixed ultrafast access networks’ and ‘mobile access networks’ are used interchangeably with ‘fixed networks’ and, respectively, ‘mobile networks’. All speeds mentioned in these Guidelines are intended under peak-time conditions. |
| --- | --- |

20.

For the purposes of assessing State aid, these Guidelines distinguish between fixed ultrafast access networks, mobile access networks and backhaul networks, as further described in Sections 2.3.1, 2.3.2 and 2.3.3. ‘Fixed ultrafast access networks’ and ‘mobile access networks’ are used interchangeably with ‘fixed networks’ and, respectively, ‘mobile networks’. All speeds mentioned in these Guidelines are intended under peak-time conditions.

2.3.1   Fixed ultrafast access networks

Fixed ultrafast access networks

| 21. | At the current stage of technological development, there are different types of fixed ultrafast access networks, including: (a) fibre-based networks (FTTx) (23); and (b) advanced upgraded cable networks using at least the ‘DOCSIS 3.0’ standard (24). Wireless networks such as certain fixed wireless access networks (25) and satellite networks (26) may also be able to provide fixed ultrafast broadband services. |
| --- | --- |

21.

At the current stage of technological development, there are different types of fixed ultrafast access networks, including: (a) fibre-based networks (FTTx) (23

24

25

26

2.3.2   Mobile access networks

Mobile access networks

| 22. | At the current stage of market and technological development, several generations of mobile technologies coexist (27). |
| --- | --- |

22.

At the current stage of market and technological development, several generations of mobile technologies coexist (27

| 23. | The transition to each new mobile generation is generally incremental (28). At the current stage, 4G networks continue to be deployed in some parts of the Union and deployments of 5G non-standalone networks rely on existing 4G Long Term Evolution (‘LTE’) and LTE-Advanced networks (29). 5G networks are expected to become progressively standalone and not rely on existing 4G networks in the future. 5G standalone networks are expected to enable more performant mobile services, including lower latency and higher transmission capabilities, and enable advanced usage scenarios and applications. |
| --- | --- |

23.

The transition to each new mobile generation is generally incremental (28

29

| 24. | To ensure an effective and efficient use of radio spectrum Member States may attach conditions to individual rights of use for radio spectrum, such as coverage and quality of service obligations. Such obligations may include geographical, population and transport paths coverage with certain minimum quality of service requirements (30). |
| --- | --- |

24.

To ensure an effective and efficient use of radio spectrum Member States may attach conditions to individual rights of use for radio spectrum, such as coverage and quality of service obligations. Such obligations may include geographical, population and transport paths coverage with certain minimum quality of service requirements (30

2.3.3   Backhaul networks

Backhaul networks

| 25. | Backhaul networks are necessary inputs to sustain both fixed and mobile access networks. Backhaul networks can be based on copper, optical fibre, microwave and satellite solutions (31). |
| --- | --- |

25.

Backhaul networks are necessary inputs to sustain both fixed and mobile access networks. Backhaul networks can be based on copper, optical fibre, microwave and satellite solutions (31

3.   Compatibility assessment under Article 106(2) of the Treaty

Compatibility assessment under Article 106(2) of the Treaty

| 26. | In some cases, Member States may classify the provision of broadband services as a service of a general economic interest (‘SGEI’) under Article 106(2) of the Treaty (32) and support the deployment of a network providing such services. Compensation for costs incurred to provide such a service of general economic interest does not amount to State aid if the four cumulative conditions of the Altmark judgment (33) are met. The compensation for the provision of a service of general economic interest that constitutes aid will be assessed in accordance with the rules applicable to State aid in the form of public service compensation (‘the SGEI package’) (34). |
| --- | --- |

26.

In some cases, Member States may classify the provision of broadband services as a service of a general economic interest (‘SGEI’) under Article 106(2) of the Treaty (32

33

34

| 27. | These Guidelines only illustrate the definition of a SGEI by applying the rules laid down in the SGEI package to broadband networks, taking into account sectoral characteristics. |
| --- | --- |

27.

These Guidelines only illustrate the definition of a SGEI by applying the rules laid down in the SGEI package to broadband networks, taking into account sectoral characteristics.

| 28. | On the definition of a genuine SGEI, the Commission has clarified that Member States cannot attach specific public service obligations to services that are already provided or can be provided satisfactorily and under conditions, such as price, objective quality characteristics, continuity and access to the service, consistent with the public interest, as defined by the Member State, by undertakings operating under normal market conditions (35). |
| --- | --- |

28.

On the definition of a genuine SGEI, the Commission has clarified that Member States cannot attach specific public service obligations to services that are already provided or can be provided satisfactorily and under conditions, such as price, objective quality characteristics, continuity and access to the service, consistent with the public interest, as defined by the Member State, by undertakings operating under normal market conditions (35

| 29. | Applying this principle to the broadband sector, when assessing the absence of manifest error in the classification of an SGEI, the Commission takes into consideration the following elements:






  (a) | the State aid intervention must address only areas where it can be demonstrated that private investors are not in a position to provide access to adequate broadband services. In line with Directive (EU) 2018/1972, the level of adequate broadband services is set by each Member State, in the light of national conditions and the minimum bandwidth enjoyed by the majority of consumers within a Member State in order to ensure the bandwidth necessary for an adequate level of social inclusion and participation in the digital economy and society in their territory. The adequate broadband services should be capable of delivering the bandwidth necessary for supporting at least the minimum set of services set out in Annex V to Directive (EU) 2018/1972. A Member State should establish the absence of adequate broadband services based on mapping and public consultation conducted in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2 (36). The Commission considers that in areas where private investors have already invested or plan to invest in a broadband network providing access to adequate broadband services, setting up a parallel State-funded broadband network cannot be classified as a SGEI within the meaning of Article 106(2) of the Treaty (37); |
| --- | --- | --- |

29.

Applying this principle to the broadband sector, when assessing the absence of manifest error in the classification of an SGEI, the Commission takes into consideration the following elements:

(a)

the State aid intervention must address only areas where it can be demonstrated that private investors are not in a position to provide access to adequate broadband services. In line with Directive (EU) 2018/1972, the level of adequate broadband services is set by each Member State, in the light of national conditions and the minimum bandwidth enjoyed by the majority of consumers within a Member State in order to ensure the bandwidth necessary for an adequate level of social inclusion and participation in the digital economy and society in their territory. The adequate broadband services should be capable of delivering the bandwidth necessary for supporting at least the minimum set of services set out in Annex V to Directive (EU) 2018/1972. A Member State should establish the absence of adequate broadband services based on mapping and public consultation conducted in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2 (36). The Commission considers that in areas where private investors have already invested or plan to invest in a broadband network providing access to adequate broadband services, setting up a parallel State-funded broadband network cannot be classified as a SGEI within the meaning of Article 106(2) of the Treaty (37);

36

37

| (b) | the network must offer universal and affordable, in the light of specific national conditions, broadband services (38) for all premises in the target area. Support for connecting businesses only would not be sufficient (39); |
| --- | --- |

(b)

the network must offer universal and affordable, in the light of specific national conditions, broadband services (38) for all premises in the target area. Support for connecting businesses only would not be sufficient (39);

38

39

| (c) | the network must be technologically neutral; |
| --- | --- |

(c)

the network must be technologically neutral;

| (d) | the SGEI provider should offer open wholesale access in accordance with Section 5.2.4.4 on a non-discriminatory basis (40); |
| --- | --- |

(d)

the SGEI provider should offer open wholesale access in accordance with Section 5.2.4.4 on a non-discriminatory basis (40);

40

| (e) | where the provider of the SGEI is also a vertically integrated undertaking, Member States should implement adequate safeguards (41) to avoid any conflict of interest, undue discrimination and any other hidden indirect advantages (42). |
| --- | --- |

(e)

where the provider of the SGEI is also a vertically integrated undertaking, Member States should implement adequate safeguards (41) to avoid any conflict of interest, undue discrimination and any other hidden indirect advantages (42).

41

42

4.   Compatibility assessment under Article 107(3), point (c), of the Treaty

Compatibility assessment under Article 107(3), point (c), of the Treaty

| 30. | The Commission will consider State aid for the deployment or take-up of broadband networks and services compatible with the internal market pursuant to Article 107(3), point (c), of the Treaty only if the aid contributes to the development of certain economic activities or of certain economic areas (first condition), and if such aid does not adversely affect trading conditions to an extent contrary to the common interest (second condition). |
| --- | --- |

30.

The Commission will consider State aid for the deployment or take-up of broadband networks and services compatible with the internal market pursuant to Article 107(3), point (c), of the Treaty only if the aid contributes to the development of certain economic activities or of certain economic areas (first condition), and if such aid does not adversely affect trading conditions to an extent contrary to the common interest (second condition).

| 31. | In its compatibility assessment, the Commission will examine the following two aspects:






  (a) | under the first condition, the Commission will examine whether the aid is intended to facilitate the development of certain economic activities, and in particular:






  (i) | the economic activity facilitated by the aid; |
| --- | --- | --- | --- |

31.

In its compatibility assessment, the Commission will examine the following two aspects:

(a)

under the first condition, the Commission will examine whether the aid is intended to facilitate the development of certain economic activities, and in particular:

(i)

the economic activity facilitated by the aid;

| (ii) | the incentive effect of the aid, namely the potential of the aid to change the behaviour of the undertakings concerned in such a way that they carry out an additional activity, which they would not have carried out without the aid or would have carried out in a restricted or different manner or location; |
| --- | --- |

(ii)

the incentive effect of the aid, namely the potential of the aid to change the behaviour of the undertakings concerned in such a way that they carry out an additional activity, which they would not have carried out without the aid or would have carried out in a restricted or different manner or location;

| (iii) | the existence of a breach of any provision of Union law in relation to the measure at stake; |
| --- | --- |

(iii)

the existence of a breach of any provision of Union law in relation to the measure at stake;

| (b) | under the second condition, the Commission will weigh up the positive effects of the planned aid and the negative effects that the aid may have on the internal market, in terms of distortions of competition and adverse effects on trade caused by the aid, and will therefore examine:






  (i) | the positive effects of the aid; |
| --- | --- | --- |

(b)

under the second condition, the Commission will weigh up the positive effects of the planned aid and the negative effects that the aid may have on the internal market, in terms of distortions of competition and adverse effects on trade caused by the aid, and will therefore examine:

(i)

the positive effects of the aid;

| (ii) | whether the aid is needed and targeted to address a situation where it can bring about a material improvement that the market cannot deliver itself, for example, by remedying a market failure or addressing an equity or cohesion concern; |
| --- | --- |

(ii)

whether the aid is needed and targeted to address a situation where it can bring about a material improvement that the market cannot deliver itself, for example, by remedying a market failure or addressing an equity or cohesion concern;

| (iii) | whether the aid is an appropriate policy instrument to meet its objective; |
| --- | --- |

(iii)

whether the aid is an appropriate policy instrument to meet its objective;

| (iv) | whether the aid is proportionate and limited to the minimum necessary to induce the additional investment or activity in the area concerned; |
| --- | --- |

(iv)

whether the aid is proportionate and limited to the minimum necessary to induce the additional investment or activity in the area concerned;

| (v) | whether the aid is transparent, namely whether Member States, stakeholders, the public and the Commission have easy access to information on the aid awarded; |
| --- | --- |

(v)

whether the aid is transparent, namely whether Member States, stakeholders, the public and the Commission have easy access to information on the aid awarded;

| (vi) | the negative effects of the aid on competition and trade between Member States. |
| --- | --- |

(vi)

the negative effects of the aid on competition and trade between Member States.

| 32. | As a final step, the Commission will balance the identified negative effects of the aid on the internal market with its positive effects on the supported economic activities. |
| --- | --- |

32.

As a final step, the Commission will balance the identified negative effects of the aid on the internal market with its positive effects on the supported economic activities.

| 33. | The steps in the Commission’s assessment of aid for the deployment and take-up of broadband networks and services are set out in further detail in Sections 5 to 8. |
| --- | --- |

33.

The steps in the Commission’s assessment of aid for the deployment and take-up of broadband networks and services are set out in further detail in Sections 5 to 8.

5.   Aid for the deployment of broadband networks

Aid for the deployment of broadband networks

| 34. | The Commission considers the market for fixed broadband services as separate from the market for mobile broadband services (43). The rules for assessing aid may therefore differ, depending on the market concerned (44). |
| --- | --- |

34.

The Commission considers the market for fixed broadband services as separate from the market for mobile broadband services (43

44

5.1   First condition: facilitation of the development of an economic activity

First condition: facilitation of the development of an economic activity

5.1.1   Networks as facilitators of economic activities

Networks as facilitators of economic activities

| 35. | Member States must identify the economic activities that will be facilitated as a result of the aid, such as the deployment of fixed networks providing performant fixed broadband services or the deployment of mobile networks providing voice and high-performance broadband services. They must also explain how the development of those activities is supported. |
| --- | --- |

35.

Member States must identify the economic activities that will be facilitated as a result of the aid, such as the deployment of fixed networks providing performant fixed broadband services or the deployment of mobile networks providing voice and high-performance broadband services. They must also explain how the development of those activities is supported.

| 36. | Aid for the deployment of fixed networks and aid for the deployment of mobile networks can facilitate the development of many economic activities by increasing connectivity and access to the broadband networks and services for the public, businesses and public administrations. Such aid can facilitate the development of economic activities in areas where such activities are either not present or only ensured at a level that does not adequately fulfil end-users’ needs. |
| --- | --- |

36.

Aid for the deployment of fixed networks and aid for the deployment of mobile networks can facilitate the development of many economic activities by increasing connectivity and access to the broadband networks and services for the public, businesses and public administrations. Such aid can facilitate the development of economic activities in areas where such activities are either not present or only ensured at a level that does not adequately fulfil end-users’ needs.

5.1.2   Incentive effect

Incentive effect

| 37. | Aid can only be considered as contributing to the development of an economic activity if it has an incentive effect. |
| --- | --- |

37.

Aid can only be considered as contributing to the development of an economic activity if it has an incentive effect.

| 38. | Aid has an incentive effect if it incentivises the beneficiary to change its behaviour towards the development of a certain economic activity supported by the aid that it would not have carried out within the same time frame or would only have carried out in a limited or different manner or location, if the aid was not granted. |
| --- | --- |

38.

Aid has an incentive effect if it incentivises the beneficiary to change its behaviour towards the development of a certain economic activity supported by the aid that it would not have carried out within the same time frame or would only have carried out in a limited or different manner or location, if the aid was not granted.

| 39. | The aid must not finance the costs of an activity that an undertaking would carry out in any event. It must not compensate the normal business risk of an economic activity (45). |
| --- | --- |

39.

The aid must not finance the costs of an activity that an undertaking would carry out in any event. It must not compensate the normal business risk of an economic activity (45

| 40. | Proving an incentive effect of aid for the deployment of fixed or mobile networks means checking, through mapping and public consultation in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2, whether stakeholders have invested or intend to invest in, respectively, fixed or mobile networks in the target areas within the relevant time horizon. If an equivalent investment could be made within the same time frame in the area without the aid, the aid can be considered to lack an incentive effect. For instance, where an undertaking is subject to legal obligations, such as coverage and quality of service obligations attached to the rights of use of certain radio spectrum for mobile deployments, State aid cannot be used to fulfil such obligations as it is unlikely to have an incentive effect, and thus unlikely to be compatible with the internal market. State aid may, however, be considered compatible where and to the extent necessary to provide a quality of service going beyond the requirements resulting from such obligations. |
| --- | --- |

40.

Proving an incentive effect of aid for the deployment of fixed or mobile networks means checking, through mapping and public consultation in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2, whether stakeholders have invested or intend to invest in, respectively, fixed or mobile networks in the target areas within the relevant time horizon. If an equivalent investment could be made within the same time frame in the area without the aid, the aid can be considered to lack an incentive effect. For instance, where an undertaking is subject to legal obligations, such as coverage and quality of service obligations attached to the rights of use of certain radio spectrum for mobile deployments, State aid cannot be used to fulfil such obligations as it is unlikely to have an incentive effect, and thus unlikely to be compatible with the internal market. State aid may, however, be considered compatible where and to the extent necessary to provide a quality of service going beyond the requirements resulting from such obligations.

5.1.3   Compliance with other provisions of Union law

Compliance with other provisions of Union law

| 41. | If a State aid, the conditions attached to it (including its financing method where that method forms an integral part of the aid) or the activity it finances entail a violation of a provision or a general principle of Union law, the aid cannot be declared compatible with the internal market (46). This may be the case where the award of aid is made dependent, directly or indirectly, on the origin of products or equipment, such as a requirement for the beneficiary to purchase domestically produced products. |
| --- | --- |

41.

If a State aid, the conditions attached to it (including its financing method where that method forms an integral part of the aid) or the activity it finances entail a violation of a provision or a general principle of Union law, the aid cannot be declared compatible with the internal market (46

5.2   Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest

Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest

5.2.1   Positive effects of the aid

Positive effects of the aid

| 42. | Member States must describe whether and, if so, how the aid will bring about positive effects. |
| --- | --- |

42.

Member States must describe whether and, if so, how the aid will bring about positive effects.

| 43. | Member States may decide to design State interventions that contribute to reducing the digital divide. They may choose to intervene to correct social or regional inequalities, or to achieve equity objectives, that is to say, as a way of improving access to an essential means of communication and participation in society, thereby improving social and territorial cohesion. Furthermore, Member States may decide to design State interventions that also contribute to the achievement of objectives of Union digital policy, foster the achievement of Union Green Deal objectives and promote sustainable green investments across all sectors. |
| --- | --- |

43.

Member States may decide to design State interventions that contribute to reducing the digital divide. They may choose to intervene to correct social or regional inequalities, or to achieve equity objectives, that is to say, as a way of improving access to an essential means of communication and participation in society, thereby improving social and territorial cohesion. Furthermore, Member States may decide to design State interventions that also contribute to the achievement of objectives of Union digital policy, foster the achievement of Union Green Deal objectives and promote sustainable green investments across all sectors.

5.2.2   Necessity for State intervention

Necessity for State intervention

| 44. | State aid must be targeted towards situations where aid can bring about a material improvement that the market alone cannot deliver. |
| --- | --- |

44.

State aid must be targeted towards situations where aid can bring about a material improvement that the market alone cannot deliver.

| 45. | A State intervention may be necessary if markets, without public intervention, fail to deliver an efficient outcome for society. This may arise, for instance, when certain investments are not being carried out even though the benefit for society outweighs their cost (47). In such cases, granting State aid may produce positive effects, and overall efficiency may be improved by adjusting the economic incentives for stakeholders. |
| --- | --- |

45.

A State intervention may be necessary if markets, without public intervention, fail to deliver an efficient outcome for society. This may arise, for instance, when certain investments are not being carried out even though the benefit for society outweighs their cost (47

| 46. | In the broadband sector, one form of market failure may relate to positive externalities that are not internalised by market operators. For example, while fixed and mobile networks are key enablers for the provision of additional services and for innovation, the overall benefits are likely to be higher than the economic benefits they generate for the networks’ investors, especially in remote regions or low-population-density or unpopulated areas. The market may therefore generate insufficient private investment in fixed and mobile networks, in particular in certain areas. |
| --- | --- |

46.

In the broadband sector, one form of market failure may relate to positive externalities that are not internalised by market operators. For example, while fixed and mobile networks are key enablers for the provision of additional services and for innovation, the overall benefits are likely to be higher than the economic benefits they generate for the networks’ investors, especially in remote regions or low-population-density or unpopulated areas. The market may therefore generate insufficient private investment in fixed and mobile networks, in particular in certain areas.

| 47. | Due to economies of density, the deployment of broadband networks is generally more profitable where potential demand is higher and concentrated, that is to say, in densely populated areas. Because of the high fixed costs of investment, unit costs increase significantly as population densities drop. Therefore, when deployed on market terms, broadband networks tend to profitably cover only part of the population. State aid can, under certain conditions, correct market failures, thereby improving the efficiency of markets. |
| --- | --- |

47.

Due to economies of density, the deployment of broadband networks is generally more profitable where potential demand is higher and concentrated, that is to say, in densely populated areas. Because of the high fixed costs of investment, unit costs increase significantly as population densities drop. Therefore, when deployed on market terms, broadband networks tend to profitably cover only part of the population. State aid can, under certain conditions, correct market failures, thereby improving the efficiency of markets.

| 48. | A market failure may also exist if the existing or planned network(s) would provide end users with a suboptimal combination of service quality and price (48). This may be the case where: (a) certain categories of users may not be provided with a satisfactory service; or (b) especially in the absence of regulated wholesale access tariffs, retail prices may be higher than those charged for the same services offered in more competitive but otherwise comparable areas or regions of the Member State. |
| --- | --- |

48.

A market failure may also exist if the existing or planned network(s) would provide end users with a suboptimal combination of service quality and price (48

| 49. | However, if State aid for the deployment of fixed and mobile networks were to be used in areas where market operators would usually choose to invest or have already invested, this could significantly undermine the incentives for private investors to invest in the first place. |
| --- | --- |

49.

However, if State aid for the deployment of fixed and mobile networks were to be used in areas where market operators would usually choose to invest or have already invested, this could significantly undermine the incentives for private investors to invest in the first place.

| 50. | Furthermore, where markets provide efficient outcomes but these are deemed unsatisfactory from a cohesion policy point of view, State aid may be necessary to correct social or regional inequalities to obtain a more desirable, equitable market outcome. In such circumstances, a well-targeted State intervention in broadband may contribute to reducing the digital divide (49). |
| --- | --- |

50.

Furthermore, where markets provide efficient outcomes but these are deemed unsatisfactory from a cohesion policy point of view, State aid may be necessary to correct social or regional inequalities to obtain a more desirable, equitable market outcome. In such circumstances, a well-targeted State intervention in broadband may contribute to reducing the digital divide (49

| 51. | The mere existence of market failures in a certain context is not sufficient to justify State intervention. State aid should only be directed at the market failure that remains unaddressed by other, less distortive policies and measures, for instance administrative measures or regulatory obligations on the effective and efficient use of radio spectrum, including coverage and quality of service obligations attached to rights of use for radio spectrum. |
| --- | --- |

51.

The mere existence of market failures in a certain context is not sufficient to justify State intervention. State aid should only be directed at the market failure that remains unaddressed by other, less distortive policies and measures, for instance administrative measures or regulatory obligations on the effective and efficient use of radio spectrum, including coverage and quality of service obligations attached to rights of use for radio spectrum.

| 52. | To further minimise the aid’s possible distortive effects on competition, State interventions may be subject to a private investment protection period, of up to 7 years (50). |
| --- | --- |

52.

To further minimise the aid’s possible distortive effects on competition, State interventions may be subject to a private investment protection period, of up to 7 years (50

5.2.2.1   Existence of market failure as regards fixed access networks

Existence of market failure as regards fixed access networks

| 53. | Aid should target areas where there is no fixed network in place or where none is credibly planned to be deployed within the relevant time horizon that could address end-users’ needs. |
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53.

Aid should target areas where there is no fixed network in place or where none is credibly planned to be deployed within the relevant time horizon that could address end-users’ needs.

| 54. | At the current stage of market development and given identified end users’ needs, a market failure may be present where the market does not and is not likely to provide end users with a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps (51). |
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54.

At the current stage of market development and given identified end users’ needs, a market failure may be present where the market does not and is not likely to provide end users with a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps (51

| 55. | In assessing whether the market is likely to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps, credible plans to deploy such networks within the relevant time horizon should be considered (in accordance with Section 5.2.2.4.3). |
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55.

In assessing whether the market is likely to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps, credible plans to deploy such networks within the relevant time horizon should be considered (in accordance with Section 5.2.2.4.3).

| 56. | Consequently, the Commission considers that no market failure is present in areas in which at least one fixed network providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps is present or credibly planned or where the present network(s) can be upgraded to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. A network is considered to be upgradable to such speeds if it can provide such performance on the basis of a marginal investment, such as an upgrade of active components. |
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56.

Consequently, the Commission considers that no market failure is present in areas in which at least one fixed network providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps is present or credibly planned or where the present network(s) can be upgraded to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. A network is considered to be upgradable to such speeds if it can provide such performance on the basis of a marginal investment, such as an upgrade of active components.

| 57. | State intervention to deploy an alternative network in the areas described in paragraph 56 could distort market dynamics. Therefore, the Commission will likely take a negative view on State aid for the deployment of an additional network in such areas. |
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57.

State intervention to deploy an alternative network in the areas described in paragraph 56 could distort market dynamics. Therefore, the Commission will likely take a negative view on State aid for the deployment of an additional network in such areas.

| 58. | In areas in which at least two independent fixed ultrafast networks are present or credibly planned, broadband services are typically provided under competitive conditions (infrastructure-based competition). Thus, it is likely that one or more such networks will evolve to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps, without the need for a State intervention. |
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58.

In areas in which at least two independent fixed ultrafast networks are present or credibly planned, broadband services are typically provided under competitive conditions (infrastructure-based competition). Thus, it is likely that one or more such networks will evolve to provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps, without the need for a State intervention.

| 59. | However, the likelihood that networks in the areas described in paragraph 58 will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps may also depend on the amount of investment needed to deploy networks delivering those speeds, considering the current stage of technological development. As a consequence, in those areas:






  (a) | if none of the existing or credibly planned networks provides a download speed of at least 300 Mbps (52), it is unlikely that they will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. Therefore, a State intervention may be allowed, provided that all compatibility criteria set out in these Guidelines are met; |
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59.

However, the likelihood that networks in the areas described in paragraph 58 will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps may also depend on the amount of investment needed to deploy networks delivering those speeds, considering the current stage of technological development. As a consequence, in those areas:

(a)

if none of the existing or credibly planned networks provides a download speed of at least 300 Mbps (52), it is unlikely that they will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. Therefore, a State intervention may be allowed, provided that all compatibility criteria set out in these Guidelines are met;

52

| (b) | if at least one of the existing or credibly planned networks provides a download speed of at least 300 Mbps but does not provide a download speed of at least 500 Mbps (53), the Commission will carry out a more detailed analysis to assess whether at least one of the existing or credibly planned network(s) will evolve towards providing 1 Gbps download and 150 Mbps upload speeds and whether a State intervention is necessary. Unless the Member State demonstrates that (i) based on mapping and public consultation, a market failure persists in the identified target areas as no networks will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps; and (ii) the envisaged State intervention meets all compatibility criteria set out in these Guidelines, the Commission will likely take a negative view of such a State intervention; |
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(b)

if at least one of the existing or credibly planned networks provides a download speed of at least 300 Mbps but does not provide a download speed of at least 500 Mbps (53), the Commission will carry out a more detailed analysis to assess whether at least one of the existing or credibly planned network(s) will evolve towards providing 1 Gbps download and 150 Mbps upload speeds and whether a State intervention is necessary. Unless the Member State demonstrates that (i) based on mapping and public consultation, a market failure persists in the identified target areas as no networks will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps; and (ii) the envisaged State intervention meets all compatibility criteria set out in these Guidelines, the Commission will likely take a negative view of such a State intervention;

53

| (c) | if at least one of the existing or credibly planned networks provides a download speed of at least 500 Mbps, it is likely that at least one of the existing or credibly planned networks will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. Therefore, State aid is generally unnecessary and the Commission will likely take a negative view of such a State intervention; |
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(c)

if at least one of the existing or credibly planned networks provides a download speed of at least 500 Mbps, it is likely that at least one of the existing or credibly planned networks will evolve towards providing a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps. Therefore, State aid is generally unnecessary and the Commission will likely take a negative view of such a State intervention;

| (d) | the Member State may reassess the situation and notify a State intervention for approval after 5 years from the announcement date (54) of State interventions under points (b) and (c). The 5-year period aims to offer an opportunity to investors to start deployment of privately-financed networks providing a download speed up at least 1 Gbps and an upload speed of at least 150 Mbps. Such a notification should be based on a new mapping and public consultation showing that a market failure persists and has to demonstrate that the envisaged State intervention meets all compatibility criteria set out in these Guidelines. |
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(d)

the Member State may reassess the situation and notify a State intervention for approval after 5 years from the announcement date (54) of State interventions under points (b) and (c). The 5-year period aims to offer an opportunity to investors to start deployment of privately-financed networks providing a download speed up at least 1 Gbps and an upload speed of at least 150 Mbps. Such a notification should be based on a new mapping and public consultation showing that a market failure persists and has to demonstrate that the envisaged State intervention meets all compatibility criteria set out in these Guidelines.

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5.2.2.2   Existence of market failure as regards mobile access networks

Existence of market failure as regards mobile access networks

| 60. | The Commission considers that a market failure exists in areas where there is no mobile network, in place or credibly planned to be deployed within the relevant time horizon, which can address end-users’ needs (55). |
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60.

The Commission considers that a market failure exists in areas where there is no mobile network, in place or credibly planned to be deployed within the relevant time horizon, which can address end-users’ needs (55

| 61. | Present and future communications applications increasingly rely on performant mobile networks that are available on a wide geographical basis (56). End users have a need to communicate and access information while on the move. Over time, new economic activities are expected to develop that require seamless online access to performant mobile services. To accompany this change, mobile networks are expected to evolve to provide increasingly better connectivity. In certain circumstances, a lack of, or insufficient mobile connectivity may be detrimental for certain economic activities, such as industry, agriculture, tourism or connected mobility. It may also pose a risk for the public’s safety (57). This may particularly affect remote regions or low-population-density or unpopulated areas. |
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61.

Present and future communications applications increasingly rely on performant mobile networks that are available on a wide geographical basis (56

57

| 62. | In an area where there is already at least one mobile network in place or credibly planned to be deployed within the relevant time horizon, which can address end-users’ needs, State aid for the deployment of an additional mobile network could unduly distort market dynamics. |
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62.

In an area where there is already at least one mobile network in place or credibly planned to be deployed within the relevant time horizon, which can address end-users’ needs, State aid for the deployment of an additional mobile network could unduly distort market dynamics.

| 63. | State aid for the deployment of a mobile network in the areas referred to in paragraph 62 may be considered necessary when it is demonstrated that both the following conditions are fulfilled: (a) the existing or credibly planned mobile network does not provide end users with sufficient quality of services to satisfy their evolving needs; and (b) the State intervention will provide such quality of services, thus bringing about a material improvement that the market cannot deliver (58). |
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63.

State aid for the deployment of a mobile network in the areas referred to in paragraph 62 may be considered necessary when it is demonstrated that both the following conditions are fulfilled: (a) the existing or credibly planned mobile network does not provide end users with sufficient quality of services to satisfy their evolving needs; and (b) the State intervention will provide such quality of services, thus bringing about a material improvement that the market cannot deliver (58

| 64. | A State intervention may be necessary in certain circumstances to address specific market failures related to identified use cases even in the presence of a 4G or a 5G mobile network, where that network does not and is not likely to provide end users with sufficient quality of services to satisfy their evolving needs. Such use cases that relate to new economic activities and services may require: (a) seamless online access (for instance for connected and automated mobility along transport paths); (b) certain minimum speeds and capacity; (c) other specific characteristics such as lower latency, network virtualization or the capacity to connect multiple terminals for industry or agriculture. |
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64.

A State intervention may be necessary in certain circumstances to address specific market failures related to identified use cases even in the presence of a 4G or a 5G mobile network, where that network does not and is not likely to provide end users with sufficient quality of services to satisfy their evolving needs. Such use cases that relate to new economic activities and services may require: (a) seamless online access (for instance for connected and automated mobility along transport paths); (b) certain minimum speeds and capacity; (c) other specific characteristics such as lower latency, network virtualization or the capacity to connect multiple terminals for industry or agriculture.

| 65. | As a matter of principle, even in the presence of a market failure, State aid cannot be granted to and cannot be used for the fulfilment of legal obligations, such as obligations linked to the rights to use spectrum. However, State aid may be granted where and to the extent necessary to provide an additional quality of service that is required to meet end users’ demonstrated needs and that goes beyond what is already required to comply with such legal obligations. Such aid may be granted insofar as necessary to cover only the additional costs needed to ensure the increased quality of service. |
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65.

As a matter of principle, even in the presence of a market failure, State aid cannot be granted to and cannot be used for the fulfilment of legal obligations, such as obligations linked to the rights to use spectrum. However, State aid may be granted where and to the extent necessary to provide an additional quality of service that is required to meet end users’ demonstrated needs and that goes beyond what is already required to comply with such legal obligations. Such aid may be granted insofar as necessary to cover only the additional costs needed to ensure the increased quality of service.

| 66. | Where, in a given area, there is or there will be, within the relevant time horizon, at least one mobile network that can satisfy the end users’ evolving needs (see paragraphs 61, 63 and 64), granting State aid for an additional mobile network with equivalent capabilities would, in principle, lead to an unacceptable distortion of competition, and crowd out private investments. The Commission will likely take a negative view of such State interventions. |
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66.

Where, in a given area, there is or there will be, within the relevant time horizon, at least one mobile network that can satisfy the end users’ evolving needs (see paragraphs 61, 63 and 64), granting State aid for an additional mobile network with equivalent capabilities would, in principle, lead to an unacceptable distortion of competition, and crowd out private investments. The Commission will likely take a negative view of such State interventions.

5.2.2.3   Existence of market failure as regards backhaul networks

Existence of market failure as regards backhaul networks

| 67. | Backhaul networks are a prerequisite for the deployment of access networks. Backhaul networks have the potential to stimulate competition in the access areas to the benefit of all access networks and technologies. A performant backhaul network may stimulate private investments to connect end users, provided that it ensures wholesale access on open, transparent and non-discriminatory conditions for all access seekers and technologies. In the absence of private investments, State aid for the deployment of backhaul networks may be necessary to foster competition and investments at the access level as it enables access seekers to roll out access networks and offer connectivity services to end users. |
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67.

Backhaul networks are a prerequisite for the deployment of access networks. Backhaul networks have the potential to stimulate competition in the access areas to the benefit of all access networks and technologies. A performant backhaul network may stimulate private investments to connect end users, provided that it ensures wholesale access on open, transparent and non-discriminatory conditions for all access seekers and technologies. In the absence of private investments, State aid for the deployment of backhaul networks may be necessary to foster competition and investments at the access level as it enables access seekers to roll out access networks and offer connectivity services to end users.

| 68. | As backhaul networks transport the traffic of various fixed or mobile access networks, those networks require a significantly higher transmission capacity than individual access networks. Backhaul networks need to cater for significant increases in the capacity required over their lifetime. This is due to the needs of end users and the ongoing rapid upgrade of fixed or mobile access networks with increasing needs for improved data transmission and increased performances (including for new mobile generations). In order to avoid a backhaul network becoming a bottleneck, it may be necessary to increase its capacity to accompany the deployment of performant fixed or mobile access networks. A market failure may thus be present where the existing or planned backhaul capacity cannot cope with the expected development of corresponding fixed or mobile access networks based on current and future end-users’ needs. At the current stage of technological development, the increase in demand for capacity can usually be addressed by backhaul networks based on optical fibre or on other technologies that can provide the same level of performance and reliability as fibre-based backhaul networks. A market failure may therefore exist where there is no backhaul network or the existing or credibly planned network is not based on fibre or on other technologies that can provide the same level of performance and reliability as fibre. |
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68.

As backhaul networks transport the traffic of various fixed or mobile access networks, those networks require a significantly higher transmission capacity than individual access networks. Backhaul networks need to cater for significant increases in the capacity required over their lifetime. This is due to the needs of end users and the ongoing rapid upgrade of fixed or mobile access networks with increasing needs for improved data transmission and increased performances (including for new mobile generations). In order to avoid a backhaul network becoming a bottleneck, it may be necessary to increase its capacity to accompany the deployment of performant fixed or mobile access networks. A market failure may thus be present where the existing or planned backhaul capacity cannot cope with the expected development of corresponding fixed or mobile access networks based on current and future end-users’ needs. At the current stage of technological development, the increase in demand for capacity can usually be addressed by backhaul networks based on optical fibre or on other technologies that can provide the same level of performance and reliability as fibre-based backhaul networks. A market failure may therefore exist where there is no backhaul network or the existing or credibly planned network is not based on fibre or on other technologies that can provide the same level of performance and reliability as fibre.

| 69. | Irrespective of the underlying technology of the existing backhaul network, a market failure may be present if that backhaul network provides a suboptimal combination of service quality and prices. For instance, a Member State may demonstrate that access conditions over the existing backhaul network could prevent the deployment of new or more performant fixed or mobile access networks because certain categories of access seekers are not adequately served (59) or because the wholesale access prices may be higher than those charged for the same services in more competitive but otherwise comparable areas of the Member State and the problem could not be solved through sector regulation (60). |
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69.

Irrespective of the underlying technology of the existing backhaul network, a market failure may be present if that backhaul network provides a suboptimal combination of service quality and prices. For instance, a Member State may demonstrate that access conditions over the existing backhaul network could prevent the deployment of new or more performant fixed or mobile access networks because certain categories of access seekers are not adequately served (59

60

5.2.2.4   Instruments to determine the necessity for State intervention

Instruments to determine the necessity for State intervention

| 70. | To identify the need for State intervention in a given area, Member States must verify on the basis of a detailed mapping and public consultation, in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2, the performances of fixed access networks, mobile access networks or backhaul networks that exist or are credibly planned to be deployed in the target area in the relevant time horizon. |
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70.

To identify the need for State intervention in a given area, Member States must verify on the basis of a detailed mapping and public consultation, in accordance with Sections 5.2.2.4.1 and 5.2.2.4.2, the performances of fixed access networks, mobile access networks or backhaul networks that exist or are credibly planned to be deployed in the target area in the relevant time horizon.

| 71. | Member States have significant discretion to set the target areas. However, they are encouraged to take into account economic, geographical and social conditions when determining those areas. |
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71.

Member States have significant discretion to set the target areas. However, they are encouraged to take into account economic, geographical and social conditions when determining those areas.

5.2.2.4.1   Detailed mapping and analysis of coverage

| 72. | Through a detailed mapping, Member States must identify the geographic areas (target areas) that will be eligible under the State aid intervention, based on an objective representation of the performances of the networks that exist or are credibly planned in a certain area. |
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72.

Through a detailed mapping, Member States must identify the geographic areas (target areas) that will be eligible under the State aid intervention, based on an objective representation of the performances of the networks that exist or are credibly planned in a certain area.

| 73. | As regards State aid supporting the deployment of fixed access networks or mobile access networks, the mapping must comply with both the following criteria:






  (a) | the performances must be expressed at least in terms of download speeds, and, where relevant, upload speeds (61) that are or will be available to end users under peak-time conditions (62); any bottleneck that could prevent achievement of those performances must be duly taken into account (concerning for instance backhaul); |
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73.

As regards State aid supporting the deployment of fixed access networks or mobile access networks, the mapping must comply with both the following criteria:

(a)

the performances must be expressed at least in terms of download speeds, and, where relevant, upload speeds (61) that are or will be available to end users under peak-time conditions (62); any bottleneck that could prevent achievement of those performances must be duly taken into account (concerning for instance backhaul);

61

62

| (b) | the mapping must be carried out: (i) for fixed wired networks at address level on the basis of premises passed; and (ii) for fixed wireless access networks and mobile networks at address level on the basis of premises passed or on the basis of a maximum 100×100 metre grids (63). |
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(b)

the mapping must be carried out: (i) for fixed wired networks at address level on the basis of premises passed; and (ii) for fixed wireless access networks and mobile networks at address level on the basis of premises passed or on the basis of a maximum 100×100 metre grids (63).

63

| 74. | Member States may take into account the best practices for applying the mapping methodologies described in Annex I. |
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74.

Member States may take into account the best practices for applying the mapping methodologies described in Annex I.

| 75. | As regards State aid supporting the deployment of backhaul networks, Member States must map performances of backhaul networks existing or credibly planned within the relevant time horizon. Where a network deployment includes, at the same time the deployment of an access network and of the necessary backhaul network to enable the functioning of the access network, a separate mapping of backhaul networks is not required. |
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75.

As regards State aid supporting the deployment of backhaul networks, Member States must map performances of backhaul networks existing or credibly planned within the relevant time horizon. Where a network deployment includes, at the same time the deployment of an access network and of the necessary backhaul network to enable the functioning of the access network, a separate mapping of backhaul networks is not required.

| 76. | Member States must make the methodology and the underlying technical criteria (for instance, utilisation factor and cell load) used to map the target area publicly available. |
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76.

Member States must make the methodology and the underlying technical criteria (for instance, utilisation factor and cell load) used to map the target area publicly available.

| 77. | The consultation of the national regulatory authority (NRA) is recommended as set out in Section 5.2.4.6. |
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77.

The consultation of the national regulatory authority (NRA) is recommended as set out in Section 5.2.4.6.

5.2.2.4.2   Public consultation

| 78. | Member States must publish for consultation the main characteristics of the planned State intervention and the list of target areas identified through the mapping (64). That information must be made available on a publicly accessible website (65) at regional and national level. |
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78.

Member States must publish for consultation the main characteristics of the planned State intervention and the list of target areas identified through the mapping (64

65

| 79. | The public consultation must invite interested parties (a) to comment on the planned State intervention, its design and main characteristics; and (b) to submit substantiated information about the existing networks or networks credibly planned to be deployed in the target area within the relevant time horizon (66). |
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79.

The public consultation must invite interested parties (a) to comment on the planned State intervention, its design and main characteristics; and (b) to submit substantiated information about the existing networks or networks credibly planned to be deployed in the target area within the relevant time horizon (66

| 80. | When considering the prospective relevant time horizon, Member States must take into account all aspects that can be reasonably expected to impact the duration of the deployment of the new network (namely the time required for the selection procedure, possible legal actions and challenges, time to obtain rights of ways and permits, other obligations stemming from national legislation, availability of civil works capacity, etc.). If the deployment of the planned State-funded network (until its entry into operation) takes longer than estimated, a new mapping and public consultation are necessary. |
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80.

When considering the prospective relevant time horizon, Member States must take into account all aspects that can be reasonably expected to impact the duration of the deployment of the new network (namely the time required for the selection procedure, possible legal actions and challenges, time to obtain rights of ways and permits, other obligations stemming from national legislation, availability of civil works capacity, etc.). If the deployment of the planned State-funded network (until its entry into operation) takes longer than estimated, a new mapping and public consultation are necessary.

| 81. | Irrespective of whether the Member State may have already collected information on future investment plans through mapping, the public consultation must always include the results of the most recent mapping. This is necessary in order to minimise possible undue distortions of competition as regards undertakings already providing networks or services in the target areas and those who already have credible investment plans for the relevant time horizon. |
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81.

Irrespective of whether the Member State may have already collected information on future investment plans through mapping, the public consultation must always include the results of the most recent mapping. This is necessary in order to minimise possible undue distortions of competition as regards undertakings already providing networks or services in the target areas and those who already have credible investment plans for the relevant time horizon.

| 82. | The public consultation must last at least 30 days. After the end of the public consultation, the Member State has to launch the competitive selection procedure or to start the implementation of the project concerned (67) for direct investment models within 1 year. If the Member State does not launch the competitive selection procedure or the implementation of the State-funded project within that period, it must carry out a new public consultation before it can launch the competitive selection procedure or implement the State-funded project. |
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82.

The public consultation must last at least 30 days. After the end of the public consultation, the Member State has to launch the competitive selection procedure or to start the implementation of the project concerned (67

| 83. | The consultation of the NRA on the results of the public consultation is recommended (68). |
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83.

The consultation of the NRA on the results of the public consultation is recommended (68

5.2.2.4.3   Best practices: assessment of private investment plans in the public consultation

| 84. | There is a risk that a mere ‘expression of interest’ in future private investment plans in the target area by a stakeholder in a public consultation could delay the deployment of broadband networks if that private investment does not subsequently take place while State intervention has been stalled. |
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84.

There is a risk that a mere ‘expression of interest’ in future private investment plans in the target area by a stakeholder in a public consultation could delay the deployment of broadband networks if that private investment does not subsequently take place while State intervention has been stalled.

| 85. | To reduce the risk that State intervention is prevented on the basis of future investment plans that will not materialise, Member States may decide to ask the relevant stakeholders to provide evidence to demonstrate the credibility of their investment plans, within a time frame that is appropriate and proportionate to the level of information requested (69). This evidence may include, for instance, a detailed deployment plan with milestones (for example, for every 6-month period), demonstrating that the investment will be completed within the relevant time horizon and will ensure similar performances as the planned State-funded network. |
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85.

To reduce the risk that State intervention is prevented on the basis of future investment plans that will not materialise, Member States may decide to ask the relevant stakeholders to provide evidence to demonstrate the credibility of their investment plans, within a time frame that is appropriate and proportionate to the level of information requested (69

| 86. | To assess the credibility of the declared performance and coverage, Member States may use the same criteria used to assess the performance of the existing networks, where reasonable and appropriate. |
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86.

To assess the credibility of the declared performance and coverage, Member States may use the same criteria used to assess the performance of the existing networks, where reasonable and appropriate.

| 87. | When assessing the credibility of future investment plans, Member States may take notably the following criteria into account:






  (a) | whether the stakeholder has submitted a project-related business plan, factoring in suitable criteria concerning, for example, time frame, budget, the location of premises targeted, quality of service to be provided, type of network and technology to deploy and take-up rate; |
| --- | --- | --- |

87.

When assessing the credibility of future investment plans, Member States may take notably the following criteria into account:

(a)

whether the stakeholder has submitted a project-related business plan, factoring in suitable criteria concerning, for example, time frame, budget, the location of premises targeted, quality of service to be provided, type of network and technology to deploy and take-up rate;

| (b) | whether the relevant stakeholder has submitted a credible high-level project plan that properly takes into account major project milestones, such as administrative procedures and permits (including rights of way, environmental permits, safety and security provisions), civil engineering works, the completion of the network, the start of operations and provision of services to end users; |
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(b)

whether the relevant stakeholder has submitted a credible high-level project plan that properly takes into account major project milestones, such as administrative procedures and permits (including rights of way, environmental permits, safety and security provisions), civil engineering works, the completion of the network, the start of operations and provision of services to end users;

| (c) | the suitability of the size of the company in the light of the size of the investment; |
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(c)

the suitability of the size of the company in the light of the size of the investment;

| (d) | the track record of the stakeholder in comparable projects; |
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(d)

the track record of the stakeholder in comparable projects;

| (e) | if necessary and appropriate, the geographical coordinates of key parts of the planned network (base stations, points of presence, etc.). |
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(e)

if necessary and appropriate, the geographical coordinates of key parts of the planned network (base stations, points of presence, etc.).

| 88. | If a Member State considers that the private investment plans are credible, it may decide to invite the stakeholders concerned to sign commitment agreements, which could include obligations to report progress on their stated milestones. |
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88.

If a Member State considers that the private investment plans are credible, it may decide to invite the stakeholders concerned to sign commitment agreements, which could include obligations to report progress on their stated milestones.

| 89. | It is the responsibility of the stakeholders concerned to provide meaningful information in accordance with the relevant Union (70) or national rules. |
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89.

It is the responsibility of the stakeholders concerned to provide meaningful information in accordance with the relevant Union (70

| 90. | The Member State should consult the NRA on the Member State’s assessment of the credibility of the future investment plans (71). |
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90.

The Member State should consult the NRA on the Member State’s assessment of the credibility of the future investment plans (71

| 91. | The Member State should communicate the results of its assessment and the reasons on which it bases its conclusions to all stakeholders who submitted information about their private investment plans. |
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91.

The Member State should communicate the results of its assessment and the reasons on which it bases its conclusions to all stakeholders who submitted information about their private investment plans.

5.2.2.4.4   Best practices: ex post monitoring of the implementation of private investment plans

ex post

| 92. | If the Member State considers that the private investment plans submitted are credible and consequently the corresponding area has been carved out from the scope of the State intervention, the Member State may decide to require the stakeholders who have submitted those plans to report regularly on the compliance with the milestones for the deployment of the network and for the provision of services. |
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92.

If the Member State considers that the private investment plans submitted are credible and consequently the corresponding area has been carved out from the scope of the State intervention, the Member State may decide to require the stakeholders who have submitted those plans to report regularly on the compliance with the milestones for the deployment of the network and for the provision of services.

| 93. | If the Member State identifies deviations from the plan submitted which suggest that the project will not materialise or has sufficient reasons to doubt that the investment will be completed as declared, the Member State may decide to require the stakeholders concerned to provide further information demonstrating the continued credibility of the declared investment. |
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93.

If the Member State identifies deviations from the plan submitted which suggest that the project will not materialise or has sufficient reasons to doubt that the investment will be completed as declared, the Member State may decide to require the stakeholders concerned to provide further information demonstrating the continued credibility of the declared investment.

| 94. | If the Member State has significant doubts as to whether the investment will be completed as declared, it may decide at any time during the relevant time horizon to include the areas concerned by the investment in a new public consultation, with a view to verifying their potential eligibility for State intervention. |
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94.

If the Member State has significant doubts as to whether the investment will be completed as declared, it may decide at any time during the relevant time horizon to include the areas concerned by the investment in a new public consultation, with a view to verifying their potential eligibility for State intervention.

5.2.3   Appropriateness of the aid as a policy instrument

Appropriateness of the aid as a policy instrument

| 95. | The Member State must demonstrate that the aid is appropriate to address the identified market failure and to achieve the objectives pursued by the aid. State aid is not appropriate if the same outcome is achievable through other less distortive measures. |
| --- | --- |

95.

The Member State must demonstrate that the aid is appropriate to address the identified market failure and to achieve the objectives pursued by the aid. State aid is not appropriate if the same outcome is achievable through other less distortive measures.

| 96. | State aid is not the only policy instrument available to Member States to boost investment in the deployment of broadband networks. Member States can use other less distortive means, such as administrative and regulatory measures or market-based instruments. |
| --- | --- |

96.

State aid is not the only policy instrument available to Member States to boost investment in the deployment of broadband networks. Member States can use other less distortive means, such as administrative and regulatory measures or market-based instruments.

| 97. | In order for the aid to be appropriate, the State-funded fixed and mobile networks must provide significantly enhanced characteristics in comparison to existing networks. State-funded fixed and mobile networks should therefore ensure a step change. A step change is ensured if, as a result of the State intervention, the following conditions are fulfilled: (a) the deployment of the State-funded fixed or mobile network represents a significant new investment (72); and (b) the State-funded network brings significant new capabilities to the market in terms of availability, capacity, speeds (73) and competition of broadband services. |
| --- | --- |

97.

In order for the aid to be appropriate, the State-funded fixed and mobile networks must provide significantly enhanced characteristics in comparison to existing networks. State-funded fixed and mobile networks should therefore ensure a step change. A step change is ensured if, as a result of the State intervention, the following conditions are fulfilled: (a) the deployment of the State-funded fixed or mobile network represents a significant new investment (72

73

| 98. | The performance of the State-funded network must be compared to the highest performance of the existing network(s). Credible investment plans must be taken into account for the assessment of the step change only if they would, on their own, provide similar performances to that of the planned State-funded network in the target areas within the relevant time horizon. |
| --- | --- |

98.

The performance of the State-funded network must be compared to the highest performance of the existing network(s). Credible investment plans must be taken into account for the assessment of the step change only if they would, on their own, provide similar performances to that of the planned State-funded network in the target areas within the relevant time horizon.

5.2.3.1   Step change – Fixed access networks

Step change – Fixed access networks

| 99. | As regards State aid to fixed access networks, the presence of a step change is assessed based on a distinction between the types of target areas, depending on the presence of fixed ultrafast networks. |
| --- | --- |

99.

As regards State aid to fixed access networks, the presence of a step change is assessed based on a distinction between the types of target areas, depending on the presence of fixed ultrafast networks.

5.2.3.1.1   White and grey areas

| 100. | White areas are areas where no fixed ultrafast network is present or credibly planned in the relevant time horizon. |
| --- | --- |

100.

White areas are areas where no fixed ultrafast network is present or credibly planned in the relevant time horizon.

| 101. | Grey areas are areas where only one fixed ultrafast network is present or credibly planned in the relevant time horizon. |
| --- | --- |

101.

Grey areas are areas where only one fixed ultrafast network is present or credibly planned in the relevant time horizon.

| 102. | In white and grey areas, to achieve a step change, State intervention must both:






  (a) | at least triple the download speed compared to the existing network; |
| --- | --- | --- |

102.

In white and grey areas, to achieve a step change, State intervention must both:

(a)

at least triple the download speed compared to the existing network;

| (b) | represent a significant new infrastructure investment bringing significant new capabilities to the market (74). |
| --- | --- |

(b)

represent a significant new infrastructure investment bringing significant new capabilities to the market (74).

74

5.2.3.1.2   Mixed areas (white and grey)

| 103. | In principle, the planned intervention should be designed so that the entire target area is either white or grey. |
| --- | --- |

103.

In principle, the planned intervention should be designed so that the entire target area is either white or grey.

| 104. | However, for reasons of efficiency, when it is not justified to dissociate white and grey areas, Member States may select target areas that are partly white and partly grey. In such areas, where some end users are already served by one fixed ultrafast network (or will be in the relevant time horizon), the Member State must ensure that the State intervention does not lead to an undue distortion of competition as regards the existing network. |
| --- | --- |

104.

However, for reasons of efficiency, when it is not justified to dissociate white and grey areas, Member States may select target areas that are partly white and partly grey. In such areas, where some end users are already served by one fixed ultrafast network (or will be in the relevant time horizon), the Member State must ensure that the State intervention does not lead to an undue distortion of competition as regards the existing network.

| 105. | An appropriate solution may consist of allowing a limited overbuilding of the existing fixed ultrafast network that connects end users in the grey area that is part of the mixed area. In such situations, the entire target area may be treated as white for the purposes of assessing the State intervention, provided that the Member State demonstrates that the following conditions are fulfilled:






  (a) | the overbuilding does not create undue distortions of competition, based on the results of a public consultation; |
| --- | --- | --- |

105.

An appropriate solution may consist of allowing a limited overbuilding of the existing fixed ultrafast network that connects end users in the grey area that is part of the mixed area. In such situations, the entire target area may be treated as white for the purposes of assessing the State intervention, provided that the Member State demonstrates that the following conditions are fulfilled:

(a)

the overbuilding does not create undue distortions of competition, based on the results of a public consultation;

| (b) | the overbuilding is limited to maximum 10 % of all premises in the target area; |
| --- | --- |

(b)

the overbuilding is limited to maximum 10 % of all premises in the target area;

| (c) | the step change requirements set out in Section 5.2.3.1.1 for white areas are fulfilled and the State-funded network provides substantially better services than the ones available in the grey part of the mixed area. The step change requirements set out in Section 5.2.3.1.1 for grey areas do not have to be fulfilled. |
| --- | --- |

(c)

the step change requirements set out in Section 5.2.3.1.1 for white areas are fulfilled and the State-funded network provides substantially better services than the ones available in the grey part of the mixed area. The step change requirements set out in Section 5.2.3.1.1 for grey areas do not have to be fulfilled.

| 106. | The Commission will assess the appropriateness of interventions in mixed areas on a case-by-case basis. |
| --- | --- |

106.

The Commission will assess the appropriateness of interventions in mixed areas on a case-by-case basis.

5.2.3.1.3   Black areas

| 107. | Black areas are areas where at least two fixed ultrafast networks are present or credibly planned in the relevant time horizon. |
| --- | --- |

107.

Black areas are areas where at least two fixed ultrafast networks are present or credibly planned in the relevant time horizon.

| 108. | Provided that the State intervention complies with the conditions set out in Section 5.2.2.1, the State-funded network must satisfy all the following conditions:






  (a) | at least triple the download speed compared to the existing network; |
| --- | --- | --- |

108.

Provided that the State intervention complies with the conditions set out in Section 5.2.2.1, the State-funded network must satisfy all the following conditions:

(a)

at least triple the download speed compared to the existing network;

| (b) | provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps; |
| --- | --- |

(b)

provide a download speed of at least 1 Gbps and an upload speed of at least 150 Mbps;

| (c) | represent a significant new infrastructure investment bringing significant new capabilities to the market (75). |
| --- | --- |

(c)

represent a significant new infrastructure investment bringing significant new capabilities to the market (75).

75

5.2.3.2   Step change – Mobile access networks

Step change – Mobile access networks

| 109. | A State-funded mobile network must ensure a step change in terms of mobile services’ availability, capacity, speeds and competition that may foster the adoption of new innovative services (76). |
| --- | --- |

109.

A State-funded mobile network must ensure a step change in terms of mobile services’ availability, capacity, speeds and competition that may foster the adoption of new innovative services (76

| 110. | As indicated in Section 2.3.2, the transition to each new IMT standard is generally incremental. Between two full consecutive IMT standards, there are incremental hybrid systems, which are usually more performant than their predecessors. For instance, the 4G LTE cellular communication system surpassed 4G in several aspects and 5G standalone is more performant than 5G non-standalone. Similarly, each new IMT standard has provided new capabilities (77). While all IMT standards provide mobile voice services, only the newest IMT standards can provide performant mobile broadband services, including lower latency and higher transmission capacities. |
| --- | --- |

110.

As indicated in Section 2.3.2, the transition to each new IMT standard is generally incremental. Between two full consecutive IMT standards, there are incremental hybrid systems, which are usually more performant than their predecessors. For instance, the 4G LTE cellular communication system surpassed 4G in several aspects and 5G standalone is more performant than 5G non-standalone. Similarly, each new IMT standard has provided new capabilities (77

| 111. | As providing new capabilities requires more capacity, new IMT standards require new frequencies. As frequencies are a scarce resource, their assignment in the Union for the provision of mobile services is carried out on the basis of an auction or other competitive selection procedure and is subject to fees. When a new IMT standard is implemented as a result of the spectrum assignment process, it can be expected that mobile networks using this technology will provide significant new capabilities compared to the existing mobile networks. Mobile service providers are only willing to accept significant upfront costs for obtaining new rights of use of spectrum supporting a new IMT standard if they expect that the new IMT standard will offer superior capabilities, which would give them a return on their investment over time. On that basis, the Commission has accepted that the additional features of 4G networks over previous generations amount to a step change (78). Similarly, 5G networks, and in particular 5G standalone networks, generally have additional functional capabilities such as ultra-low latency, high reliability and the possibility to reserve part of the network for a particular use and guarantee a certain quality of service. Those features will allow 5G networks, and in particular 5G standalone networks, to support new services (for instance health-monitoring and emergency services, real-time control of factory machines, smart grids for renewable energy management, connected and automated mobility, precise fault detection and quick intervention), thereby ensuring a step change compared to previous mobile generations. Next-generation mobile technologies (such as 6G) are expected to provide more enhanced capabilities in the future. |
| --- | --- |

111.

As providing new capabilities requires more capacity, new IMT standards require new frequencies. As frequencies are a scarce resource, their assignment in the Union for the provision of mobile services is carried out on the basis of an auction or other competitive selection procedure and is subject to fees. When a new IMT standard is implemented as a result of the spectrum assignment process, it can be expected that mobile networks using this technology will provide significant new capabilities compared to the existing mobile networks. Mobile service providers are only willing to accept significant upfront costs for obtaining new rights of use of spectrum supporting a new IMT standard if they expect that the new IMT standard will offer superior capabilities, which would give them a return on their investment over time. On that basis, the Commission has accepted that the additional features of 4G networks over previous generations amount to a step change (78

5.2.3.3   Step change – Backhaul networks

Step change – Backhaul networks

| 112. | A State-funded backhaul network must ensure a step change in comparison to the existing network(s). A step change is ensured if, as a result of the State intervention, the funded backhaul network represents a significant investment in backhaul infrastructure and adequately supports the increasing needs of fixed or mobile access networks. This can be the case where the State-funded backhaul network, in contrast to the existing one(s), is based on fibre or on other technologies that can provide the same level of performance as fibre. Where existing networks are based on fibre or on similarly performant technologies, a step change can be achieved, for instance, by an appropriate dimensioning of the backhaul capacity, which depends on the specific evolving situation in the target areas. |
| --- | --- |

112.

A State-funded backhaul network must ensure a step change in comparison to the existing network(s). A step change is ensured if, as a result of the State intervention, the funded backhaul network represents a significant investment in backhaul infrastructure and adequately supports the increasing needs of fixed or mobile access networks. This can be the case where the State-funded backhaul network, in contrast to the existing one(s), is based on fibre or on other technologies that can provide the same level of performance as fibre. Where existing networks are based on fibre or on similarly performant technologies, a step change can be achieved, for instance, by an appropriate dimensioning of the backhaul capacity, which depends on the specific evolving situation in the target areas.

| 113. | If a State intervention covers both backhaul and access (fixed or mobile) networks, the backhaul network must be dimensioned in a way that it can support the needs of the access networks. |
| --- | --- |

113.

If a State intervention covers both backhaul and access (fixed or mobile) networks, the backhaul network must be dimensioned in a way that it can support the needs of the access networks.

| 114. | The Member State should select the most suitable technologies, in accordance with the technological neutrality principle, taking into account the characteristics and needs of the target areas, in particular when fibre-based or similarly performant networks are not technically or economically viable. |
| --- | --- |

114.

The Member State should select the most suitable technologies, in accordance with the technological neutrality principle, taking into account the characteristics and needs of the target areas, in particular when fibre-based or similarly performant networks are not technically or economically viable.

5.2.4   Proportionality of the aid

Proportionality of the aid

| 115. | Member States must demonstrate that the aid is proportionate to the problem being tackled. They must essentially show that the same change in behaviour would not be obtained with less aid and fewer distortions. Aid is considered proportionate if the amount is limited to the minimum necessary and the potential distortions of competition are minimised, in accordance with the principles set out in this Section. |
| --- | --- |

115.

Member States must demonstrate that the aid is proportionate to the problem being tackled. They must essentially show that the same change in behaviour would not be obtained with less aid and fewer distortions. Aid is considered proportionate if the amount is limited to the minimum necessary and the potential distortions of competition are minimised, in accordance with the principles set out in this Section.

5.2.4.1   Competitive selection procedure

Competitive selection procedure

| 116. | State aid is considered proportionate if its amount is limited to the minimum needed for the supported economic activity to occur. |
| --- | --- |

116.

State aid is considered proportionate if its amount is limited to the minimum needed for the supported economic activity to occur.

| 117. | Without prejudice to the applicable public procurement rules, the aid must be granted on the basis of an open, transparent and non-discriminatory competitive selection procedure, in line with the principles of public procurement (79). The aid must also respect the principle of technological neutrality, as set out in Section 5.2.4.2. |
| --- | --- |

117.

Without prejudice to the applicable public procurement rules, the aid must be granted on the basis of an open, transparent and non-discriminatory competitive selection procedure, in line with the principles of public procurement (79

| 118. | State aid is deemed proportionate and limited to the minimum amount necessary if it is granted through a competitive selection procedure attracting a sufficient number of participants. If the number of participants or the number of eligible bids is not sufficient, the Member State must entrust an independent auditor with the assessment of the winning bid (including cost calculations). |
| --- | --- |

118.

State aid is deemed proportionate and limited to the minimum amount necessary if it is granted through a competitive selection procedure attracting a sufficient number of participants. If the number of participants or the number of eligible bids is not sufficient, the Member State must entrust an independent auditor with the assessment of the winning bid (including cost calculations).

| 119. | Different procedures may be suitable depending on the circumstances. For instance, as regards interventions with a high technical complexity, Member States may choose to engage in a competitive dialogue procedure with potential bidders, aiming to ensure the most appropriate design of the intervention. |
| --- | --- |

119.

Different procedures may be suitable depending on the circumstances. For instance, as regards interventions with a high technical complexity, Member States may choose to engage in a competitive dialogue procedure with potential bidders, aiming to ensure the most appropriate design of the intervention.

| 120. | The Member State must ensure that the most economically advantageous offer (80) is selected. For that purpose, the Member State must set objective, transparent and non-discriminatory qualitative award criteria and specify the relative weighting of each criterion in advance. |
| --- | --- |

120.

The Member State must ensure that the most economically advantageous offer (80

| 121. | Qualitative award criteria may include, among others, the performance of the network (including its security), the geographical coverage, how future-proof the technological approach is, the impact of the proposed solution on competition (including wholesale access terms, conditions and pricing) (81), and the total cost of ownership (82). |
| --- | --- |

121.

Qualitative award criteria may include, among others, the performance of the network (including its security), the geographical coverage, how future-proof the technological approach is, the impact of the proposed solution on competition (including wholesale access terms, conditions and pricing) (81

82

| 122. | Member States may consider granting additional priority points for criteria pertaining to the climate and environmental performance of the network (83), respectively as regards its climate neutrality characteristics, including its carbon footprint, and the impact of the network on the principle components of natural capital, that is to say air, water, land and biodiversity. Member States may also include obligations for the selected bidder to implement proportionate mitigating measures in case the network may negatively impact the environment. |
| --- | --- |

122.

Member States may consider granting additional priority points for criteria pertaining to the climate and environmental performance of the network (83

| 123. | Where the aid is granted without a competitive selection procedure, to a public authority that deploys and manages a broadband network at wholesale level (84) directly, or through an in-house entity (direct investment model), the Member State must similarly justify its choice of network and technological solution (85). |
| --- | --- |

123.

Where the aid is granted without a competitive selection procedure, to a public authority that deploys and manages a broadband network at wholesale level (84

85

| 124. | Any concession or other entrustment by such a public authority or in-house entity to a third party to design, build or operate the network must be allocated through an open, transparent and non-discriminatory competitive selection procedure. The procedure must be in line with the principles of public procurement, be based on the most economically advantageous offer and respect the principle of technological neutrality, without prejudice to the applicable public procurement rules. |
| --- | --- |

124.

Any concession or other entrustment by such a public authority or in-house entity to a third party to design, build or operate the network must be allocated through an open, transparent and non-discriminatory competitive selection procedure. The procedure must be in line with the principles of public procurement, be based on the most economically advantageous offer and respect the principle of technological neutrality, without prejudice to the applicable public procurement rules.

5.2.4.2   Technological neutrality

Technological neutrality

| 125. | The technological neutrality principle requires that State intervention must not favour or exclude any particular technology, both in the selection of beneficiaries and in the provision of wholesale access. As different technological solutions exist, the tender should not favour or exclude any particular technology or network platform. Bidders should be entitled to propose the provision of the required services using or combining whatever technology they deem most suitable. This is without prejudice to the possibility for Member States to determine the desired performance, including the energy efficiency of the networks, before the procedure and to grant priority points to the most suitable technological solution or mix of technology solutions based on objective, transparent and non-discriminatory criteria, in accordance with Section 5.2.4.1. A State-funded network must enable access under fair and non-discriminatory conditions to all access seekers irrespective of the technology used. |
| --- | --- |

125.

The technological neutrality principle requires that State intervention must not favour or exclude any particular technology, both in the selection of beneficiaries and in the provision of wholesale access. As different technological solutions exist, the tender should not favour or exclude any particular technology or network platform. Bidders should be entitled to propose the provision of the required services using or combining whatever technology they deem most suitable. This is without prejudice to the possibility for Member States to determine the desired performance, including the energy efficiency of the networks, before the procedure and to grant priority points to the most suitable technological solution or mix of technology solutions based on objective, transparent and non-discriminatory criteria, in accordance with Section 5.2.4.1. A State-funded network must enable access under fair and non-discriminatory conditions to all access seekers irrespective of the technology used.

5.2.4.3   Use of existing infrastructure

Use of existing infrastructure

| 126. | The use of existing infrastructure is one of the main factors that can contribute to reducing the cost of deployment of a new broadband network and limiting the impact on the environment. |
| --- | --- |

126.

The use of existing infrastructure is one of the main factors that can contribute to reducing the cost of deployment of a new broadband network and limiting the impact on the environment.

| 127. | Member States should encourage undertakings willing to participate in a competitive selection procedure to use any available existing infrastructure. Member States should also encourage these undertakings to provide detailed information on the existing infrastructures that they own or control (86) in the planned intervention area. That information should be provided in due time to be taken into account when preparing the bids. When proportionate, taking into account among other factors the size of the intervention area, readiness of the information and available time, Member States should make the provision of that information a condition for participation in the selection procedure (87). The information may include, in particular: (a) location and route of the infrastructure; (b) the type and current use of the infrastructure; (c) a contact point and (d) where available (88), the terms and conditions for its use. |
| --- | --- |

127.

Member States should encourage undertakings willing to participate in a competitive selection procedure to use any available existing infrastructure. Member States should also encourage these undertakings to provide detailed information on the existing infrastructures that they own or control (86

87

88

| 128. | Member States must make accessible all information at their disposal (89) on existing infrastructure that could be used for rolling out broadband networks in the intervention area. Member states are encouraged to rely on the Single Information Point set up pursuant to Article 4(2) of Directive 2014/61/EU. |
| --- | --- |

128.

Member States must make accessible all information at their disposal (89

5.2.4.4   Wholesale access

Wholesale access

| 129. | Effective wholesale access for third parties to the funded networks is an indispensable condition of any State aid measure. In particular, wholesale access enables third-party undertakings to compete with the selected bidder, thereby strengthening choice and competition in the areas covered by the measure. Wholesale access also avoids the creation of regional service monopolies. By enabling competition to develop in the target area, it also ensures the development of the market in that area in the longer term. That access is not contingent on any prior market analysis within the meaning of Chapter III of Directive (EU) 2018/1972. Nevertheless, the type of wholesale access obligations imposed on a State-funded network should take into account the portfolio of access obligations laid down under the sectoral rules. However, as aid beneficiaries are not just using their own resources but public funds to deploy the network, they should provide a wider range of wholesale access products than those imposed by NRAs on the undertakings having significant market power. Such wholesale access should be granted as early as possible before starting to provide the relevant services and, where the network operator also intends to provide retail services, at least 6 months before the launch of those retail services. |
| --- | --- |

129.

Effective wholesale access for third parties to the funded networks is an indispensable condition of any State aid measure. In particular, wholesale access enables third-party undertakings to compete with the selected bidder, thereby strengthening choice and competition in the areas covered by the measure. Wholesale access also avoids the creation of regional service monopolies. By enabling competition to develop in the target area, it also ensures the development of the market in that area in the longer term. That access is not contingent on any prior market analysis within the meaning of Chapter III of Directive (EU) 2018/1972. Nevertheless, the type of wholesale access obligations imposed on a State-funded network should take into account the portfolio of access obligations laid down under the sectoral rules. However, as aid beneficiaries are not just using their own resources but public funds to deploy the network, they should provide a wider range of wholesale access products than those imposed by NRAs on the undertakings having significant market power. Such wholesale access should be granted as early as possible before starting to provide the relevant services and, where the network operator also intends to provide retail services, at least 6 months before the launch of those retail services.

| 130. | The State-funded network must offer effective access under fair and non-discriminatory conditions to undertakings. This may imply the upgrade and increased capacity of existing infrastructure, where necessary, and the deployment of sufficient new infrastructure (for instance, ducts large enough to cater for a sufficient number of networks, and different network topologies) (90). |
| --- | --- |

130.

The State-funded network must offer effective access under fair and non-discriminatory conditions to undertakings. This may imply the upgrade and increased capacity of existing infrastructure, where necessary, and the deployment of sufficient new infrastructure (for instance, ducts large enough to cater for a sufficient number of networks, and different network topologies) (90

| 131. | Member States must indicate the terms, conditions and prices for the wholesale access products in the documents of the competitive selection procedure and must publish that information on a comprehensive website, at national or regional level. The general public should be allowed to access the website without any restrictions, including prior users’ registration. |
| --- | --- |

131.

Member States must indicate the terms, conditions and prices for the wholesale access products in the documents of the competitive selection procedure and must publish that information on a comprehensive website, at national or regional level. The general public should be allowed to access the website without any restrictions, including prior users’ registration.

| 132. | In order to render the wholesale access effective and to enable the access seeker to provide its services, wholesale access must also be granted to parts of the network that have not been State funded or that may not have been deployed by the aid beneficiary (91). |
| --- | --- |

132.

In order to render the wholesale access effective and to enable the access seeker to provide its services, wholesale access must also be granted to parts of the network that have not been State funded or that may not have been deployed by the aid beneficiary (91

5.2.4.4.1   Wholesale access terms and conditions

| 133. | Effective wholesale access must be granted for at least 10 years for all active products except virtual unbundled local access (VULA). |
| --- | --- |

133.

Effective wholesale access must be granted for at least 10 years for all active products except virtual unbundled local access (VULA).

| 134. | Access based on VULA must be granted for a period of time equal to the lifespan of the infrastructure for which VULA is a substitute (92). |
| --- | --- |

134.

Access based on VULA must be granted for a period of time equal to the lifespan of the infrastructure for which VULA is a substitute (92

| 135. | Access to new infrastructure (such as ducts, poles, cabinets or dark fibre) must be granted for the lifespan of the network element concerned (93). If State aid is granted for new infrastructure, the infrastructure must be large enough to meet access seekers’ current and evolving demand (94). This is complementary and without prejudice to regulatory obligations that may be imposed by the NRA. |
| --- | --- |

135.

Access to new infrastructure (such as ducts, poles, cabinets or dark fibre) must be granted for the lifespan of the network element concerned (93

94

| 136. | Member States must consult NRAs on wholesale access products, conditions and pricing. NRAs are encouraged to provide guidance, as set out in Section 5.2.4.6. |
| --- | --- |

136.

Member States must consult NRAs on wholesale access products, conditions and pricing. NRAs are encouraged to provide guidance, as set out in Section 5.2.4.6.

| 137. | The same access conditions must apply to the entire State-funded network, including the parts of the network where existing infrastructure has been used. The access obligations must be enforced irrespective of any change in ownership, management or operation of the State-funded network. |
| --- | --- |

137.

The same access conditions must apply to the entire State-funded network, including the parts of the network where existing infrastructure has been used. The access obligations must be enforced irrespective of any change in ownership, management or operation of the State-funded network.

| 138. | If they use their own resources, the aid beneficiary or access seekers connecting to the State-funded network may decide to extend their networks into adjacent areas outside the target area. Access seekers may carry out such extensions on the basis of the wholesale access obligations. If they are not linked to the aid beneficiary, there is no limitation for such extensions into adjacent areas. An access seeker is deemed to be not linked to the aid beneficiary if they are not part of the same group and do not have participation in their respective undertakings. Extensions by the aid beneficiaries can be allowed subject to the following cumulative safeguards:






  (a) | when carrying out the public consultation (see Section 5.2.2.4.2), the Member State must indicate that private extensions are permitted at a later stage and provide meaningful information regarding the potential coverage of such extensions; |
| --- | --- | --- |

138.

If they use their own resources, the aid beneficiary or access seekers connecting to the State-funded network may decide to extend their networks into adjacent areas outside the target area. Access seekers may carry out such extensions on the basis of the wholesale access obligations. If they are not linked to the aid beneficiary, there is no limitation for such extensions into adjacent areas. An access seeker is deemed to be not linked to the aid beneficiary if they are not part of the same group and do not have participation in their respective undertakings. Extensions by the aid beneficiaries can be allowed subject to the following cumulative safeguards:

(a)

when carrying out the public consultation (see Section 5.2.2.4.2), the Member State must indicate that private extensions are permitted at a later stage and provide meaningful information regarding the potential coverage of such extensions;

| (b) | extensions into adjacent areas may only be carried out 2 years after the State-funded network enters into operation, where one of the following situation occurs:






  (i) | in the public consultation, stakeholders demonstrate that the planned extension would risk entering an adjacent area which is already served by at least two independent networks providing speeds comparable to those of the State-funded network; |
| --- | --- | --- |

(b)

extensions into adjacent areas may only be carried out 2 years after the State-funded network enters into operation, where one of the following situation occurs:

(i)

in the public consultation, stakeholders demonstrate that the planned extension would risk entering an adjacent area which is already served by at least two independent networks providing speeds comparable to those of the State-funded network;

| (ii) | there is at least one network in the adjacent area providing speeds comparable to those of the State-funded network which entered into operation less than 5 years before the State-funded network enters into operation (95). |
| --- | --- |

(ii)

there is at least one network in the adjacent area providing speeds comparable to those of the State-funded network which entered into operation less than 5 years before the State-funded network enters into operation (95).

95

| 139. | If the results of the public consultation show evidence of risks of other significant distortions of competition, extensions by the aid beneficiary must be prohibited. |
| --- | --- |

139.

If the results of the public consultation show evidence of risks of other significant distortions of competition, extensions by the aid beneficiary must be prohibited.

5.2.4.4.2   Wholesale access products

5.2.4.4.2.1   Fixed access networks deployed in white areas

| 140. | The State-funded network must provide at least bitstream access, access to dark fibre and access to infrastructure, including street cabinets, poles, masts, towers, and ducts. |
| --- | --- |

140.

The State-funded network must provide at least bitstream access, access to dark fibre and access to infrastructure, including street cabinets, poles, masts, towers, and ducts.

| 141. | In addition, Member States must ensure the State-funded network provides at least either physical unbundling or VULA. To be considered suitable as a wholesale access product, any VULA product must be approved in advance by the NRA or other competent authority. |
| --- | --- |

141.

In addition, Member States must ensure the State-funded network provides at least either physical unbundling or VULA. To be considered suitable as a wholesale access product, any VULA product must be approved in advance by the NRA or other competent authority.

5.2.4.4.2.2   Fixed access networks deployed in grey and black areas

| 142. | The State-funded network must provide at least (a) the wholesale access products referred to in paragraph 140; and (b) physical unbundling. |
| --- | --- |

142.

The State-funded network must provide at least (a) the wholesale access products referred to in paragraph 140; and (b) physical unbundling.

| 143. | Member States may consider it appropriate not to impose the provision of physical unbundling and require the provision of VULA instead. In that case, Member States must indicate their intention to grant a derogation from the obligation to provide physical unbundling and provide the reasons for this choice in the public consultation. Member States must demonstrate that replacing the provision of physical unbundling with the provision of VULA does not risk unduly distorting competition taking into account the result of the public consultation and the characteristics of the market and the area concerned (96). On that basis, the Commission will assess whether providing VULA, instead of physical unbundling, ensures that the aid is proportionate. |
| --- | --- |

143.

Member States may consider it appropriate not to impose the provision of physical unbundling and require the provision of VULA instead. In that case, Member States must indicate their intention to grant a derogation from the obligation to provide physical unbundling and provide the reasons for this choice in the public consultation. Member States must demonstrate that replacing the provision of physical unbundling with the provision of VULA does not risk unduly distorting competition taking into account the result of the public consultation and the characteristics of the market and the area concerned (96

5.2.4.4.2.3   Mobile access networks

| 144. | The State-funded network must provide a reasonable set of wholesale access products, considering the characteristics of the market, for ensuring effective access to the subsidised network. This includes at least roaming, and access to poles, masts, towers and ducts. As soon as they become available, the State-funded network will have to provide the access products necessary to exploit the more advanced features (97) of mobile networks, such as 5G and future generations of mobile networks (98). |
| --- | --- |

144.

The State-funded network must provide a reasonable set of wholesale access products, considering the characteristics of the market, for ensuring effective access to the subsidised network. This includes at least roaming, and access to poles, masts, towers and ducts. As soon as they become available, the State-funded network will have to provide the access products necessary to exploit the more advanced features (97

98

5.2.4.4.2.4   Backhaul networks

| 145. | The State-funded network must ensure at least one active service and access to poles, masts, towers, ducts and dark fibre. |
| --- | --- |

145.

The State-funded network must ensure at least one active service and access to poles, masts, towers, ducts and dark fibre.

| 146. | Member States must foresee the deployment of sufficient capacity for new infrastructure (for instance, ducts large enough to cater for deployment of fibre to accommodate the expected needs of all access seekers) if necessary to ensure effective access under fair and non-discriminatory conditions. |
| --- | --- |

146.

Member States must foresee the deployment of sufficient capacity for new infrastructure (for instance, ducts large enough to cater for deployment of fibre to accommodate the expected needs of all access seekers) if necessary to ensure effective access under fair and non-discriminatory conditions.

5.2.4.4.3   Wholesale access on the basis of reasonable demand

| 147. | By way of exception to the conditions set in Section 5.2.4.4.2, Member States may limit the provision of certain wholesale access products to cases of reasonable demand from an access seeker, where the provision of such products would disproportionately increase investment costs without delivering significant benefits in terms of increased competition. |
| --- | --- |

147.

By way of exception to the conditions set in Section 5.2.4.4.2, Member States may limit the provision of certain wholesale access products to cases of reasonable demand from an access seeker, where the provision of such products would disproportionately increase investment costs without delivering significant benefits in terms of increased competition.

| 148. | In order for the Commission to approve such an exception, the Member State must provide justification on the basis of the characteristics of that specific intervention. The justification should be based on well-reasoned and objective criteria, such as the low-population density of the areas concerned, the size of the target area or the size of the aid beneficiaries (99). The Member State must demonstrate, for each access product that will not be provided, that the provision of that product would result in a disproportionate cost increase of the intervention, on the basis of detailed and objective cost calculations. |
| --- | --- |

148.

In order for the Commission to approve such an exception, the Member State must provide justification on the basis of the characteristics of that specific intervention. The justification should be based on well-reasoned and objective criteria, such as the low-population density of the areas concerned, the size of the target area or the size of the aid beneficiaries (99

| 149. | The access seeker’s demand is considered reasonable if (a) the access seeker provides a business plan that justifies the development of the product on the State-funded network; and (b) no comparable access product is already offered in the same geographic area by another undertaking at equivalent prices to those in more densely populated areas (100). |
| --- | --- |

149.

The access seeker’s demand is considered reasonable if (a) the access seeker provides a business plan that justifies the development of the product on the State-funded network; and (b) no comparable access product is already offered in the same geographic area by another undertaking at equivalent prices to those in more densely populated areas (100

| 150. | If an access request is reasonable, the additional cost of meeting the access request must be borne by the aid beneficiary. |
| --- | --- |

150.

If an access request is reasonable, the additional cost of meeting the access request must be borne by the aid beneficiary.

5.2.4.4.4   Wholesale access pricing

| 151. | When setting prices for the wholesale access products, Member States must ensure that the wholesale access price for each product is based on one of the following benchmarks and pricing principles:






  (a) | the average published wholesale prices that prevail in other comparable and more competitive areas of the Member State; |
| --- | --- | --- |

151.

When setting prices for the wholesale access products, Member States must ensure that the wholesale access price for each product is based on one of the following benchmarks and pricing principles:

(a)

the average published wholesale prices that prevail in other comparable and more competitive areas of the Member State;

| (b) | the regulated prices already set or approved by the NRA for the markets and services concerned; |
| --- | --- |

(b)

the regulated prices already set or approved by the NRA for the markets and services concerned;

| (c) | costs orientation or a methodology mandated in accordance with the sectoral regulatory framework. |
| --- | --- |

(c)

costs orientation or a methodology mandated in accordance with the sectoral regulatory framework.

| 152. | The NRA must be consulted on wholesale access products and the terms and conditions for wholesale access, including prices and related disputes, as set out in Section 5.2.4.6. |
| --- | --- |

152.

The NRA must be consulted on wholesale access products and the terms and conditions for wholesale access, including prices and related disputes, as set out in Section 5.2.4.6.

5.2.4.4.5   Clawback

| 153. | The aid amount for State interventions supporting the deployment of fixed and mobile network is often set on an ex ante basis in order to cover the expected funding gap over the lifespan of the aided infrastructure. |
| --- | --- |

153.

The aid amount for State interventions supporting the deployment of fixed and mobile network is often set on an ex ante

| 154. | In that case, as future costs and revenues are generally uncertain, Member States should closely monitor implementation of each State-funded project (101) for the entire lifespan of the aided infrastructure and provide for a clawback mechanism. This mechanism makes it possible to properly consider information that the aid beneficiary was not able to factor into the original business plan when applying for State aid. Factors that may have an impact on the profitability of the project and that may be difficult, or even impossible, to establish ex ante with adequate accuracy are, for example: (a) the actual deployment costs of the network; (b) the actual revenue from the core services; (c) the actual take-up; and (d) the actual revenue from ‘non-core’ services (102). |
| --- | --- |

154.

In that case, as future costs and revenues are generally uncertain, Member States should closely monitor implementation of each State-funded project (101

ex ante

102

| 155. | Member States must implement a clawback mechanism for the lifespan of the aided infrastructure if the aid amount of the project is above EUR 10 million. The Member States must set out the rules of that mechanism transparently and clearly in the competitive selection procedure’s documentation. |
| --- | --- |

155.

Member States must implement a clawback mechanism for the lifespan of the aided infrastructure if the aid amount of the project is above EUR 10 million. The Member States must set out the rules of that mechanism transparently and clearly in the competitive selection procedure’s documentation.

| 156. | A clawback is not necessary where the project is carried out by means of the direct investment model in which a publicly owned, wholesale-only network, is built and operated by a public authority with the sole purpose of granting fair and non-discriminatory access to all undertakings (103). |
| --- | --- |

156.

A clawback is not necessary where the project is carried out by means of the direct investment model in which a publicly owned, wholesale-only network, is built and operated by a public authority with the sole purpose of granting fair and non-discriminatory access to all undertakings (103

| 157. | As various factors may have a positive or a negative impact on the business plan of the aid beneficiary, the clawback mechanism should be designed in a way to consider and balance two objectives: (a) it should allow the Member State to recover amounts that exceed a reasonable profit (104); (b) it should not endanger the incentives for undertakings to participate in a competitive selection procedure (105) and to strive for cost efficiencies (efficiency gains) when rolling out the network. To achieve a good balance between the two objectives, Member States should introduce criteria to incentivise efficiency gains (106). |
| --- | --- |

157.

As various factors may have a positive or a negative impact on the business plan of the aid beneficiary, the clawback mechanism should be designed in a way to consider and balance two objectives: (a) it should allow the Member State to recover amounts that exceed a reasonable profit (104

105

106

| 158. | The incentive amount must be set to a maximum of 30 % of the reasonable profit. Member States should not claw back any extra profit equal to or below that threshold (that is to say, the reasonable profit increased by the incentive amount (107)). Any profit in excess of the threshold must be shared between the aid beneficiary and the Member State, on the basis of the aid intensity resulting from the outcome of the competitive selection procedure (108). |
| --- | --- |

158.

The incentive amount must be set to a maximum of 30 % of the reasonable profit. Member States should not claw back any extra profit equal to or below that threshold (that is to say, the reasonable profit increased by the incentive amount (107

108

| 159. | Clawback mechanisms must also take into account profits made from other transactions concerning the State-funded network. For instance, where a company is set up specifically to build or operate the State-funded network, if an existing shareholder of that company sells all or part of its shares in the company within 7 years from the completion of the network or within 10 years from the award of the aid, the Member State must recover any amount by which the sales proceeds exceed the price at which the current shareholder would achieve a reasonable profit (109). |
| --- | --- |

159.

Clawback mechanisms must also take into account profits made from other transactions concerning the State-funded network. For instance, where a company is set up specifically to build or operate the State-funded network, if an existing shareholder of that company sells all or part of its shares in the company within 7 years from the completion of the network or within 10 years from the award of the aid, the Member State must recover any amount by which the sales proceeds exceed the price at which the current shareholder would achieve a reasonable profit (109

5.2.4.5   Accounting separation

Accounting separation

| 160. | To ensure that aid remains proportional and does not lead to overcompensating or cross-subsidising non-aided activities, the aid beneficiary must ensure accounting separation so that the costs for the deployment and the operation and the revenues from the exploitation of the network deployed with State funding are clearly identified. |
| --- | --- |

160.

To ensure that aid remains proportional and does not lead to overcompensating or cross-subsidising non-aided activities, the aid beneficiary must ensure accounting separation so that the costs for the deployment and the operation and the revenues from the exploitation of the network deployed with State funding are clearly identified.

5.2.4.6   Role of NRAs, National Competition Authorities, national competence centres and Broadband Competence Offices

Role of NRAs, National Competition Authorities, national competence centres and Broadband Competence Offices

| 161. | The role of NRAs in designing the most appropriate State interventions in support of broadband networks is particularly important. The NRAs have gained technical knowledge and expertise due to the crucial role assigned to them by sectoral regulation and are best placed to support public authorities with regard to the design of State interventions. |
| --- | --- |

161.

The role of NRAs in designing the most appropriate State interventions in support of broadband networks is particularly important. The NRAs have gained technical knowledge and expertise due to the crucial role assigned to them by sectoral regulation and are best placed to support public authorities with regard to the design of State interventions.

| 162. | Member States are encouraged to systematically involve NRAs in the design, implementation and monitoring of State interventions, and in particular but not limited to, in (a) the identification of target areas (mapping and public consultation), (b) the assessment of the fulfilment of the step change requirements, and (c) the conflict resolution mechanisms, including in the event of disputes in relation to any of those aspects. |
| --- | --- |

162.

Member States are encouraged to systematically involve NRAs in the design, implementation and monitoring of State interventions, and in particular but not limited to, in (a) the identification of target areas (mapping and public consultation), (b) the assessment of the fulfilment of the step change requirements, and (c) the conflict resolution mechanisms, including in the event of disputes in relation to any of those aspects.

| 163. | In view of the particular expertise of NRAs of the national markets, Member States must consult NRAs, which are best placed, with regard to: (a) the wholesale access products, conditions and pricing (Section 5.2.4.4); and (b) the existing infrastructures that are subject to ex ante regulation (Section 5.2.4.3). Where the NRA has been vested with the necessary competences for involvement in State interventions for the deployment of broadband networks, the Member State should send the NRA a detailed description of aid measures, at least 2 months prior to a State aid notification to allow the NRA to have a reasonable period of time to provide its opinion. |
| --- | --- |

163.

In view of the particular expertise of NRAs of the national markets, Member States must consult NRAs, which are best placed, with regard to: (a) the wholesale access products, conditions and pricing (Section 5.2.4.4); and (b) the existing infrastructures that are subject to ex ante

| 164. | In keeping with best practices, without prejudice to the competences of the NRAs under the regulatory framework, NRAs may issue guidelines for local authorities on, among others, carrying out market analysis and definitions of wholesale access products and pricing. Such guidelines should take into account the regulatory framework and recommendations issued by the Commission (110). |
| --- | --- |

164.

In keeping with best practices, without prejudice to the competences of the NRAs under the regulatory framework, NRAs may issue guidelines for local authorities on, among others, carrying out market analysis and definitions of wholesale access products and pricing. Such guidelines should take into account the regulatory framework and recommendations issued by the Commission (110

| 165. | In addition to the involvement of NRAs, Member States may also consult National Competition Authorities, for instance to receive advice on how to establish a level playing field for undertakings and to avoid that a disproportionately high share of State funds is earmarked to one undertaking, thereby strengthening a (possibly already dominant) market position (111). |
| --- | --- |

165.

In addition to the involvement of NRAs, Member States may also consult National Competition Authorities, for instance to receive advice on how to establish a level playing field for undertakings and to avoid that a disproportionately high share of State funds is earmarked to one undertaking, thereby strengthening a (possibly already dominant) market position (111

| 166. | Member States may set up national competence centres such as Broadband Competence Offices that may help public authorities design State intervention supporting the deployment of broadband networks (112). |
| --- | --- |

166.

Member States may set up national competence centres such as Broadband Competence Offices that may help public authorities design State intervention supporting the deployment of broadband networks (112

5.2.5   Transparency, reporting, monitoring of the aid

Transparency, reporting, monitoring of the aid

| 167. | Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring. |
| --- | --- |

167.

Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring.

5.3   Negative effects on competition and trade

Negative effects on competition and trade

| 168. | Aid for the deployment of fixed and mobile networks may have negative effects in terms of market distortions and impact on trade between Member States. |
| --- | --- |

168.

Aid for the deployment of fixed and mobile networks may have negative effects in terms of market distortions and impact on trade between Member States.

| 169. | The Commission assesses the significance of the distortion of competition and the effect on trade in terms of impact on competitors and possible crowding out of private investments. The public support may also encourage local service providers to take up services offered by the State-funded network rather than those provided on market terms. Additionally, where the aid beneficiary is likely to be an undertaking that is already dominant on a market or may become dominant due to the public investment, the aid could weaken the competitive constraints that competitors can exert. Even where distortions may be considered limited at an individual level, on a cumulative basis, aid schemes might still lead to high levels of distortion. |
| --- | --- |

169.

The Commission assesses the significance of the distortion of competition and the effect on trade in terms of impact on competitors and possible crowding out of private investments. The public support may also encourage local service providers to take up services offered by the State-funded network rather than those provided on market terms. Additionally, where the aid beneficiary is likely to be an undertaking that is already dominant on a market or may become dominant due to the public investment, the aid could weaken the competitive constraints that competitors can exert. Even where distortions may be considered limited at an individual level, on a cumulative basis, aid schemes might still lead to high levels of distortion.

5.4   Weighing the positive effects of aid against the negative effects on competition and trade

Weighing the positive effects of aid against the negative effects on competition and trade

| 170. | The Commission will balance the positive effects of the planned aid on the supported economic activities with the actual and potential negative effects on competition and trading conditions. For State aid to be compatible with the internal market, the positive effects must outweigh its negative effects. |
| --- | --- |

170.

The Commission will balance the positive effects of the planned aid on the supported economic activities with the actual and potential negative effects on competition and trading conditions. For State aid to be compatible with the internal market, the positive effects must outweigh its negative effects.

| 171. | First, the Commission will assess the positive effects of the aid on the supported economic activities, including its contribution to digital policy objectives. The Member State must demonstrate, based on a counterfactual analysis, that the measure has positive effects compared to what would have happened without the aid. As indicated in Section 5.2.1, positive effects may include achieving the objectives of the State intervention, such as the roll-out of a new network on the market delivering additional capacity and speed as well as lower prices and better choice for end users, and higher quality and innovation. This would also result in more access for end users to online resources and it is likely to stimulate an increase in demand. As a result, this may also contribute to the completion of the Digital Single Market and bring benefits to the Union economy as a whole. |
| --- | --- |

171.

First, the Commission will assess the positive effects of the aid on the supported economic activities, including its contribution to digital policy objectives. The Member State must demonstrate, based on a counterfactual analysis, that the measure has positive effects compared to what would have happened without the aid. As indicated in Section 5.2.1, positive effects may include achieving the objectives of the State intervention, such as the roll-out of a new network on the market delivering additional capacity and speed as well as lower prices and better choice for end users, and higher quality and innovation. This would also result in more access for end users to online resources and it is likely to stimulate an increase in demand. As a result, this may also contribute to the completion of the Digital Single Market and bring benefits to the Union economy as a whole.

| 172. | In addition, the Commission may also take into account, where relevant, whether the aid brings about other positive effects, for instance improvements in the energy efficiency of network operations, or Union policies such as the European Green Deal. |
| --- | --- |

172.

In addition, the Commission may also take into account, where relevant, whether the aid brings about other positive effects, for instance improvements in the energy efficiency of network operations, or Union policies such as the European Green Deal.

| 173. | Second, Member States must demonstrate that the negative effects are limited to the minimum necessary. When designing the measure taking into account the necessity, appropriateness and proportionality of the aid (Sections 5.2.2, 5.2.3. and 5.2.4), the Member States should take into account, for example, the size of projects, the individual and cumulative aid amounts, the characteristics of the beneficiaries (for instance whether they have significant market power) and the characteristics of the targeted areas (for instance the number of performant existing or credibly planned networks in a given area). In order to enable the Commission to assess the likely negative effects, Member States are encouraged to submit any impact assessment at their disposal as well as ex post evaluations carried out for similar predecessor schemes. |
| --- | --- |

173.

Second, Member States must demonstrate that the negative effects are limited to the minimum necessary. When designing the measure taking into account the necessity, appropriateness and proportionality of the aid (Sections 5.2.2, 5.2.3. and 5.2.4), the Member States should take into account, for example, the size of projects, the individual and cumulative aid amounts, the characteristics of the beneficiaries (for instance whether they have significant market power) and the characteristics of the targeted areas (for instance the number of performant existing or credibly planned networks in a given area). In order to enable the Commission to assess the likely negative effects, Member States are encouraged to submit any impact assessment at their disposal as well as ex post

6.   Compatibility assessment of take-up measures

Compatibility assessment of take-up measures

| 174. | The availability of a broadband network is a prerequisite for the possibility to subscribe to broadband services. However, this could, in some cases, be insufficient to ensure that end users’ needs (referred to notably in paragraphs 53 and 61) will be satisfied and the benefits for society as a whole will materialise. |
| --- | --- |

174.

The availability of a broadband network is a prerequisite for the possibility to subscribe to broadband services. However, this could, in some cases, be insufficient to ensure that end users’ needs (referred to notably in paragraphs 53 and 61) will be satisfied and the benefits for society as a whole will materialise.

| 175. | The reason for that may be the end users’ relatively low propensity to subscribe to broadband services. Such low propensity may be due to various reasons, including: (a) the economic impact of the cost of subscribing to broadband services for end users in general or for certain categories of end users in precarious situations; and (b) the lack of awareness of the benefits that the subscription to broadband services will bring. |
| --- | --- |

175.

The reason for that may be the end users’ relatively low propensity to subscribe to broadband services. Such low propensity may be due to various reasons, including: (a) the economic impact of the cost of subscribing to broadband services for end users in general or for certain categories of end users in precarious situations; and (b) the lack of awareness of the benefits that the subscription to broadband services will bring.

| 176. | Demand-side measures, such as vouchers, are designed to reduce the costs for end users and may be useful to remedy a specific market failure in terms of take-up of available broadband services. Widespread and affordable access to connectivity generates positive externalities because of its ability to accelerate growth and innovation in all sectors of the economy. Where it is not possible to ensure affordable access to satisfactory broadband services due to, for instance, high retail prices, State aid may remedy such a market failure. In such cases, granting State aid may produce positive effects. |
| --- | --- |

176.

Demand-side measures, such as vouchers, are designed to reduce the costs for end users and may be useful to remedy a specific market failure in terms of take-up of available broadband services. Widespread and affordable access to connectivity generates positive externalities because of its ability to accelerate growth and innovation in all sectors of the economy. Where it is not possible to ensure affordable access to satisfactory broadband services due to, for instance, high retail prices, State aid may remedy such a market failure. In such cases, granting State aid may produce positive effects.

| 177. | Vouchers do not amount to aid to end users, including individual consumers, if those end users do not carry out an economic activity falling within the scope of Article 107(1) of the Treaty. However, vouchers may amount to aid with regard to end users if the latter carry out an economic activity within the scope of Article 107(1) of the Treaty. Nevertheless, in most cases that aid could fall under the scope of the De Minimis Regulation (113), considering the limited value of vouchers. |
| --- | --- |

177.

Vouchers do not amount to aid to end users, including individual consumers, if those end users do not carry out an economic activity falling within the scope of Article 107(1) of the Treaty. However, vouchers may amount to aid with regard to end users if the latter carry out an economic activity within the scope of Article 107(1) of the Treaty. Nevertheless, in most cases that aid could fall under the scope of the De Minimis Regulation (113

| 178. | The case-law of the Court of Justice of the European Union confirms that where an advantage is granted to end users such as individual consumers that do not carry out an economic activity, it may still amount to an advantage to certain undertakings and may thus constitute State aid under Article 107(1) of the Treaty (114). |
| --- | --- |

178.

The case-law of the Court of Justice of the European Union confirms that where an advantage is granted to end users such as individual consumers that do not carry out an economic activity, it may still amount to an advantage to certain undertakings and may thus constitute State aid under Article 107(1) of the Treaty (114

| 179. | Vouchers may thus constitute aid to undertakings in the electronic communications sector that will be able to improve or increase their offer of services using the existing broadband networks and thus strengthen their market position to the detriment of other undertakings in the broadband sector. Those undertakings are subject to State aid control, if the advantage they receive exceeds de minimis levels. |
| --- | --- |

179.

Vouchers may thus constitute aid to undertakings in the electronic communications sector that will be able to improve or increase their offer of services using the existing broadband networks and thus strengthen their market position to the detriment of other undertakings in the broadband sector. Those undertakings are subject to State aid control, if the advantage they receive exceeds de minimis levels.

| 180. | Voucher measures cannot be provided for areas where there is no network providing the eligible services. |
| --- | --- |

180.

Voucher measures cannot be provided for areas where there is no network providing the eligible services.

6.1   Social vouchers

Social vouchers

| 181. | Social vouchers aim to support certain individual consumers to procure or retain broadband services. They can be found compatible with the internal market on the basis of Article 107(2), point (a), of the Treaty, as ‘aid having a social character, granted to individual consumers, provided that such aid is granted without discrimination related to the origin of the products concerned’
  . |
| --- | --- |

181.

Social vouchers aim to support certain individual consumers to procure or retain broadband services. They can be found compatible with the internal market on the basis of Article 107(2), point (a), of the Treaty, as ‘aid having a social character, granted to individual consumers, provided that such aid is granted without discrimination related to the origin of the products concerned’

| 182. | To be compatible under Article 107(2), point (a), of the Treaty, social vouchers must be reserved for particular categories of individual consumers whose financial circumstances justify the granting of aid for social reasons (for example, low-income families, students, pupils, etc.) (115). To that end, Member States must identify on the basis of objective criteria the categories of consumers that the social voucher schemes intend to target (116). |
| --- | --- |

182.

To be compatible under Article 107(2), point (a), of the Treaty, social vouchers must be reserved for particular categories of individual consumers whose financial circumstances justify the granting of aid for social reasons (for example, low-income families, students, pupils, etc.) (115

116

| 183. | Eligible costs may be the monthly fee, the standard (117) set-up costs and the necessary terminal equipment for the consumer to access the broadband services. The costs for in-house wiring and some limited deployment in the consumers’ private property or in public property in close proximity to the consumers’ private property may also be eligible to the extent they are necessary and ancillary to the provision of the service. |
| --- | --- |

183.

Eligible costs may be the monthly fee, the standard (117

| 184. | Social vouchers may be used to subscribe to new broadband services or to retain existing subscriptions (‘eligible services’). |
| --- | --- |

184.

Social vouchers may be used to subscribe to new broadband services or to retain existing subscriptions (‘eligible services’).

| 185. | The requirement to avoid any discrimination based on the origin of the products (see paragraph 181) is fulfilled by complying with the technological neutrality principle. Consumers must be able to use social vouchers to procure eligible broadband services from any provider capable of providing them, irrespective of the technology used for providing the service. The social vouchers schemes must ensure equal treatment of all possible service providers and must offer consumers the widest possible choice of suppliers. For that purpose, the Member State must set up an online registry of all eligible service providers or implement an equivalent alternative method to ensure the openness, transparency and non-discriminatory nature of the State intervention. Consumers must have the possibility to consult such information about all undertakings that are able to provide the eligible services. All undertakings capable of providing the eligible broadband services based on objective and transparent criteria (for example, ability to comply with the minimum requirements for the provision of such services), must have the possibility, upon request, to be included in the online registry or in any alternative location chosen by the Member State. The registry (or the alternative location chosen) may also provide additional information to assist consumers, such as the type of services provided by the different undertakings. |
| --- | --- |

185.

The requirement to avoid any discrimination based on the origin of the products (see paragraph 181) is fulfilled by complying with the technological neutrality principle. Consumers must be able to use social vouchers to procure eligible broadband services from any provider capable of providing them, irrespective of the technology used for providing the service. The social vouchers schemes must ensure equal treatment of all possible service providers and must offer consumers the widest possible choice of suppliers. For that purpose, the Member State must set up an online registry of all eligible service providers or implement an equivalent alternative method to ensure the openness, transparency and non-discriminatory nature of the State intervention. Consumers must have the possibility to consult such information about all undertakings that are able to provide the eligible services. All undertakings capable of providing the eligible broadband services based on objective and transparent criteria (for example, ability to comply with the minimum requirements for the provision of such services), must have the possibility, upon request, to be included in the online registry or in any alternative location chosen by the Member State. The registry (or the alternative location chosen) may also provide additional information to assist consumers, such as the type of services provided by the different undertakings.

| 186. | Member States must carry out a public consultation on the main characteristics of the scheme. The public consultation must last at least 30 days. |
| --- | --- |

186.

Member States must carry out a public consultation on the main characteristics of the scheme. The public consultation must last at least 30 days.

| 187. | Member States may implement additional safeguards to avoid possible misuse of social vouchers by consumers, service providers or other beneficiaries involved. For example, in certain circumstances, where only the subscription to new eligible services is subsidised, additional safeguards may be necessary to ensure that social vouchers will not be used to procure broadband services where another member of the same household already has a subscription to an eligible service. |
| --- | --- |

187.

Member States may implement additional safeguards to avoid possible misuse of social vouchers by consumers, service providers or other beneficiaries involved. For example, in certain circumstances, where only the subscription to new eligible services is subsidised, additional safeguards may be necessary to ensure that social vouchers will not be used to procure broadband services where another member of the same household already has a subscription to an eligible service.

| 188. | In addition, Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring. |
| --- | --- |

188.

In addition, Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring.

6.2   Connectivity vouchers

Connectivity vouchers

| 189. | Connectivity vouchers may be designed for broader categories of end users (for example, connectivity vouchers for consumers or certain undertakings, such as small and medium-sized enterprises) to incentivise the take-up of broadband services that contribute to the development of an economic activity. Such measures can be declared compatible with the internal market on the basis of Article 107(3), point (c), of the Treaty. |
| --- | --- |

189.

Connectivity vouchers may be designed for broader categories of end users (for example, connectivity vouchers for consumers or certain undertakings, such as small and medium-sized enterprises) to incentivise the take-up of broadband services that contribute to the development of an economic activity. Such measures can be declared compatible with the internal market on the basis of Article 107(3), point (c), of the Treaty.

| 190. | The Commission will consider such measures to be compatible if they contribute to the development of an economic activity (first condition) without unduly affecting trading conditions to an extent contrary to the common interest (second condition). |
| --- | --- |

190.

The Commission will consider such measures to be compatible if they contribute to the development of an economic activity (first condition) without unduly affecting trading conditions to an extent contrary to the common interest (second condition).

6.2.1   First condition: facilitation of the development of an economic activity

First condition: facilitation of the development of an economic activity

| 191. | The Commission considers that connectivity voucher schemes that effectively contribute to the take-up of certain broadband services can facilitate the development of a range of economic activities by increasing connectivity and access to broadband services where there is a market failure in the take-up of the relevant services (118). |
| --- | --- |

191.

The Commission considers that connectivity voucher schemes that effectively contribute to the take-up of certain broadband services can facilitate the development of a range of economic activities by increasing connectivity and access to broadband services where there is a market failure in the take-up of the relevant services (118

| 192. | Member States must demonstrate that the connectivity voucher schemes have an incentive effect. |
| --- | --- |

192.

Member States must demonstrate that the connectivity voucher schemes have an incentive effect.

| 193. | Connectivity vouchers should only cover up to 50% of the eligible costs (119). Eligible costs may be the monthly fee, the standard set-up costs and the necessary terminal equipment for the end users to access the broadband services. The costs for in-house wiring and some limited deployment in the end users’ private properties or in public property in close proximity to the end users’ private properties may also be eligible to the extent they are necessary and ancillary to the provision of the service. |
| --- | --- |

193.

Connectivity vouchers should only cover up to 50% of the eligible costs (119

6.2.2   Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest

Second condition: the aid must not unduly affect trading conditions to an extent contrary to the common interest

| 194. | State aid should be targeted to situations where aid can bring about a material improvement that the market alone cannot deliver, that is to say, where the aid is necessary to address a market failure in the take-up of the relevant broadband services. For instance, if connectivity voucher schemes are not targeted at addressing end-users’ needs in terms of take-up (for instance if vouchers are misused for supporting deployment instead of incentivising demand) or do not respect technological neutrality, such schemes would not be an appropriate policy instrument. In such cases, aid in the form of vouchers would unduly affect trading conditions to an extent contrary to the common interest and therefore it is unlikely to be declared compatible with the internal market. |
| --- | --- |

194.

State aid should be targeted to situations where aid can bring about a material improvement that the market alone cannot deliver, that is to say, where the aid is necessary to address a market failure in the take-up of the relevant broadband services. For instance, if connectivity voucher schemes are not targeted at addressing end-users’ needs in terms of take-up (for instance if vouchers are misused for supporting deployment instead of incentivising demand) or do not respect technological neutrality, such schemes would not be an appropriate policy instrument. In such cases, aid in the form of vouchers would unduly affect trading conditions to an extent contrary to the common interest and therefore it is unlikely to be declared compatible with the internal market.

| 195. | Connectivity vouchers cannot be used for maintaining existing services. Vouchers may be used to procure a new service or upgrade the existing one. When the connectivity vouchers can be used to upgrade an existing subscription, Member States must demonstrate that the voucher scheme does not unduly distort competition at retail and wholesale level, for instance that it will not create disproportionate windfalls profits for some operators while being unduly detrimental to other operators. |
| --- | --- |

195.

Connectivity vouchers cannot be used for maintaining existing services. Vouchers may be used to procure a new service or upgrade the existing one. When the connectivity vouchers can be used to upgrade an existing subscription, Member States must demonstrate that the voucher scheme does not unduly distort competition at retail and wholesale level, for instance that it will not create disproportionate windfalls profits for some operators while being unduly detrimental to other operators.

| 196. | Connectivity vouchers must be technologically neutral. End users must be able to use connectivity vouchers to procure eligible broadband services from any provider capable of providing them, irrespective of the technology used for providing the services. The connectivity vouchers schemes must ensure equal treatment of all possible service providers and must offer end users the widest possible choice of suppliers. For that purpose, the Member State must set up an online registry of all eligible service providers or implement an equivalent alternative method to ensure the openness, transparency and non-discriminatory nature of the State intervention. End users must have the possibility to consult such information about all undertakings that are able to provide eligible services. All undertakings capable of providing eligible services, on the basis of objective and transparent criteria (for example, ability to comply with the minimum requirements for the provision of such services), must have the possibility, upon request, to be included in the online registry or in any alternative location chosen by the Member State. The registry (or the alternative location chosen) may also provide additional information to assist end users, such as the type of services provided by the different undertakings. |
| --- | --- |

196.

Connectivity vouchers must be technologically neutral. End users must be able to use connectivity vouchers to procure eligible broadband services from any provider capable of providing them, irrespective of the technology used for providing the services. The connectivity vouchers schemes must ensure equal treatment of all possible service providers and must offer end users the widest possible choice of suppliers. For that purpose, the Member State must set up an online registry of all eligible service providers or implement an equivalent alternative method to ensure the openness, transparency and non-discriminatory nature of the State intervention. End users must have the possibility to consult such information about all undertakings that are able to provide eligible services. All undertakings capable of providing eligible services, on the basis of objective and transparent criteria (for example, ability to comply with the minimum requirements for the provision of such services), must have the possibility, upon request, to be included in the online registry or in any alternative location chosen by the Member State. The registry (or the alternative location chosen) may also provide additional information to assist end users, such as the type of services provided by the different undertakings.

| 197. | In order to minimise market distortions, Member States must carry out a market assessment to identify the eligible providers present in the area and collect information to calculate their market share. The market assessment must determine whether the connectivity voucher scheme could give a disproportionate advantage to some providers to the detriment of others possibly reinforcing (local) market dominance. The market assessment must also determine the actual need to implement a connectivity voucher scheme by comparing the situation in the intervention area(s) with the situation in other areas of the Member State or the Union. Trends in take-up by end users may also be looked at to assess and decide on the voucher scheme. |
| --- | --- |

197.

In order to minimise market distortions, Member States must carry out a market assessment to identify the eligible providers present in the area and collect information to calculate their market share. The market assessment must determine whether the connectivity voucher scheme could give a disproportionate advantage to some providers to the detriment of others possibly reinforcing (local) market dominance. The market assessment must also determine the actual need to implement a connectivity voucher scheme by comparing the situation in the intervention area(s) with the situation in other areas of the Member State or the Union. Trends in take-up by end users may also be looked at to assess and decide on the voucher scheme.

| 198. | Member States must carry out a public consultation on the main characteristics of the scheme. The public consultation must last at least 30 days. |
| --- | --- |

198.

Member States must carry out a public consultation on the main characteristics of the scheme. The public consultation must last at least 30 days.

| 199. | To be eligible, when a provider of broadband services is vertically integrated and has a retail market share above 25 %, it must offer, on the corresponding wholesale access market, wholesale access products on the basis of which any access seeker will be able to provide the eligible services under open, transparent and non-discriminatory conditions. The wholesale access price must be set in accordance with the principles in Section 5.2.4.4.4. |
| --- | --- |

199.

To be eligible, when a provider of broadband services is vertically integrated and has a retail market share above 25 %, it must offer, on the corresponding wholesale access market, wholesale access products on the basis of which any access seeker will be able to provide the eligible services under open, transparent and non-discriminatory conditions. The wholesale access price must be set in accordance with the principles in Section 5.2.4.4.4.

| 200. | To limit negative effects on competition, the duration of a connectivity voucher scheme must in principle not exceed 3 years (120). The validity of the vouchers for individual end users must not exceed 2 years. |
| --- | --- |

200.

To limit negative effects on competition, the duration of a connectivity voucher scheme must in principle not exceed 3 years (120

| 201. | In addition, Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring. |
| --- | --- |

201.

In addition, Member States must comply with the requirements laid down in Section 7 on transparency, reporting and monitoring.

7.   Transparency, reporting, monitoring

Transparency, reporting, monitoring

7.1   Transparency

Transparency

| 202. | Member States must publish the following information in the Commission’s transparency award module (121) or on a comprehensive State aid website at national or regional level:






  (a) | the full text of the decision approving the aid scheme or the individual aid, and its implementing provisions, or a link to it; |
| --- | --- | --- |

202.

Member States must publish the following information in the Commission’s transparency award module (121

(a)

the full text of the decision approving the aid scheme or the individual aid, and its implementing provisions, or a link to it;

| (b) | information on each individual aid award exceeding EUR 100 000, in accordance with Annex II. |
| --- | --- |

(b)

information on each individual aid award exceeding EUR 100 000, in accordance with Annex II.

| 203. | The information referred to in paragraph 202(b), must be published within 6 months from the date of award of the aid, or, for aid in the form of tax advantages, within 1 year from the date that the tax declaration is due (122). |
| --- | --- |

203.

The information referred to in paragraph 202(b), must be published within 6 months from the date of award of the aid, or, for aid in the form of tax advantages, within 1 year from the date that the tax declaration is due (122

| 204. | Member States must organise their comprehensive State aid websites, as referred to in paragraph 202, in such a way as to allow easy access to the information. For aid that is unlawful but subsequently found to be compatible, Member States must publish the information within 6 months from the date of the Commission’s decision declaring the aid compatible. |
| --- | --- |

204.

Member States must organise their comprehensive State aid websites, as referred to in paragraph 202, in such a way as to allow easy access to the information. For aid that is unlawful but subsequently found to be compatible, Member States must publish the information within 6 months from the date of the Commission’s decision declaring the aid compatible.

| 205. | To enable the enforcement of State aid rules under the Treaty, the information must be available for at least 10 years from the date on which the aid was granted. The information must be published in a non-proprietary spreadsheet data format, which allows data to be effectively searched, extracted, downloaded and easily published on the internet, for instance in CSV or XML format. The general public must be allowed to access the website without any restrictions, including prior users’ registration. |
| --- | --- |

205.

To enable the enforcement of State aid rules under the Treaty, the information must be available for at least 10 years from the date on which the aid was granted. The information must be published in a non-proprietary spreadsheet data format, which allows data to be effectively searched, extracted, downloaded and easily published on the internet, for instance in CSV or XML format. The general public must be allowed to access the website without any restrictions, including prior users’ registration.

| 206. | The Commission will publish on its website the link to the national or regional State aid website referred to in paragraph 202. |
| --- | --- |

206.

The Commission will publish on its website the link to the national or regional State aid website referred to in paragraph 202.

7.2   Reporting

Reporting

| 207. | Pursuant to Council Regulation (EU) 2015/1589 (123) and Commission Regulation (EC) No 794/2004 (124), Member States are required to submit annual reports to the Commission in respect of each aid measure approved under these Guidelines. |
| --- | --- |

207.

Pursuant to Council Regulation (EU) 2015/1589 (123

124

| 208. | In addition to the annual reports referred to in paragraph 207, Member States must submit a report to the Commission every 2 years containing key information on the aid measures approved under these Guidelines, in accordance with Annex III. |
| --- | --- |

208.

In addition to the annual reports referred to in paragraph 207, Member States must submit a report to the Commission every 2 years containing key information on the aid measures approved under these Guidelines, in accordance with Annex III.

7.3   Monitoring

Monitoring

| 209. | Member States must maintain detailed records regarding all aid measures. Those records must contain all information necessary to establish that all the compatibility conditions set out in these Guidelines are fulfilled. Member States must maintain those records for 10 years from the date of award of the aid and must provide them to the Commission upon request. |
| --- | --- |

209.

Member States must maintain detailed records regarding all aid measures. Those records must contain all information necessary to establish that all the compatibility conditions set out in these Guidelines are fulfilled. Member States must maintain those records for 10 years from the date of award of the aid and must provide them to the Commission upon request.

8.   
  Ex post evaluation plan

Ex post

| 210. | To further ensure that distortions of competition and trade are limited, the Commission may require schemes to be subject to an ex post evaluation in order to verify (a) whether the assumptions and conditions which led to the compatibility decision have been realised; (b) the effectiveness of the aid measure in the light of its pre-defined objectives; (c) the impact of the aid measure on markets and competition and that no undue distortive effects arise throughout the duration of the aid scheme that are contrary to the interests of the Union (125). |
| --- | --- |

210.

To further ensure that distortions of competition and trade are limited, the Commission may require schemes to be subject to an ex post

125

| 211. | Ex post evaluation will be required for schemes with large aid budgets, or containing novel characteristics, or when significant market, technology or regulatory changes are foreseen. In any event, ex post evaluation will be required for schemes with a State aid budget or accounted expenditure over EUR 150 million in any given year or EUR 750 million over their total duration. The total duration of the schemes includes the combined duration of the scheme and any predecessor scheme covering a similar objective and geographical area, starting from publication of these Guidelines. Given the objectives of the evaluation, and in order not to impose a disproportionate burden on Member States and on smaller aid projects, ex post evaluations are only required for aid schemes the total duration of which exceeds 3 years, starting from publication of these Guidelines. |
| --- | --- |

211.

Ex post

ex post

| 212. | The ex post evaluation requirement may be waived with respect to aid schemes that are the immediate successors of schemes covering a similar objective and geographical area that have been subject to an evaluation, delivered a final evaluation report in compliance with the evaluation plan approved by the Commission and have not generated any negative findings. Any scheme where the final evaluation report is not in compliance with the approved evaluation plan must be suspended with immediate effect. |
| --- | --- |

212.

The ex post

| 213. | The aim of the evaluation is to verify whether the underlying assumptions and conditions for the compatibility of the scheme have been achieved, in particular the necessity and effectiveness of the aid measure in the light of its general and specific objectives. It should also assess the impact of the scheme on competition and trade. |
| --- | --- |

213.

The aim of the evaluation is to verify whether the underlying assumptions and conditions for the compatibility of the scheme have been achieved, in particular the necessity and effectiveness of the aid measure in the light of its general and specific objectives. It should also assess the impact of the scheme on competition and trade.

| 214. | As regards aid schemes subject to the evaluation requirement referred to in paragraph 211, Member States must notify a draft evaluation plan, which will form an integral part of the Commission’s assessment of the scheme. The plan must be notified:






  (a) | together with the aid scheme, if the State aid budget of the scheme exceeds EUR 150 million in any given year or EUR 750 million over its total duration; |
| --- | --- | --- |

214.

As regards aid schemes subject to the evaluation requirement referred to in paragraph 211, Member States must notify a draft evaluation plan, which will form an integral part of the Commission’s assessment of the scheme. The plan must be notified:

(a)

together with the aid scheme, if the State aid budget of the scheme exceeds EUR 150 million in any given year or EUR 750 million over its total duration;

| (b) | within 30 working days following any significant change that increases the budget of the scheme to over EUR 150 million in any given year or EUR 750 million over the total duration of the scheme; |
| --- | --- |

(b)

within 30 working days following any significant change that increases the budget of the scheme to over EUR 150 million in any given year or EUR 750 million over the total duration of the scheme;

| (c) | for schemes not falling under point (a) or (b), within 30 working days following the recording in official accounts of expenditure under the scheme in excess of EUR 150 million in any year. |
| --- | --- |

(c)

for schemes not falling under point (a) or (b), within 30 working days following the recording in official accounts of expenditure under the scheme in excess of EUR 150 million in any year.

| 215. | The draft evaluation plan must be in accordance with the common methodological principles provided by the Commission (126). Member States must publish the evaluation plan approved by the Commission. |
| --- | --- |

215.

The draft evaluation plan must be in accordance with the common methodological principles provided by the Commission (126

| 216. | The ex post evaluation must be carried out by an expert independent from the aid granting authority on the basis of the evaluation plan. Each evaluation must include at least one interim and one final evaluation report. Member States must publish both reports. |
| --- | --- |

216.

The ex post evaluation must be carried out by an expert independent from the aid granting authority on the basis of the evaluation plan. Each evaluation must include at least one interim and one final evaluation report. Member States must publish both reports.

| 217. | The final evaluation report must be submitted to the Commission in due time to allow it to assess any prolongation of the aid scheme and at the latest 9 months before its expiry. That period may be reduced for schemes triggering the evaluation requirement in their last 2 years of implementation. The precise scope and arrangements for each evaluation will be set out in the decision approving the aid scheme. The notification of any subsequent aid measure with a similar objective must describe how the results of the evaluation have been taken into account. |
| --- | --- |

217.

The final evaluation report must be submitted to the Commission in due time to allow it to assess any prolongation of the aid scheme and at the latest 9 months before its expiry. That period may be reduced for schemes triggering the evaluation requirement in their last 2 years of implementation. The precise scope and arrangements for each evaluation will be set out in the decision approving the aid scheme. The notification of any subsequent aid measure with a similar objective must describe how the results of the evaluation have been taken into account.

9.   Final provisions

Final provisions

| 218. | The Commission will apply the principles set out in these Guidelines from the day following that of their publication in the Official Journal of the European Union. |
| --- | --- |

218.

The Commission will apply the principles set out in these Guidelines from the day following that of their publication in the Official Journal of the European Union

| 219. | The Commission will apply the principles set out in these Guidelines to notified aid on which it is called upon to take a decision after the date of publication of these Guidelines in the Official Journal of the European Union, even where the aid was notified before that date. |
| --- | --- |

219.

The Commission will apply the principles set out in these Guidelines to notified aid on which it is called upon to take a decision after the date of publication of these Guidelines in the Official Journal of the European Union

| 220. | In accordance with the Commission notice on the determination of the applicable rules for the assessment of unlawful State aid (127), the Commission will apply the rules in force when the aid was granted to unlawful aid. The Commission will apply the principles set out in these Guidelines accordingly if unlawful aid is granted after their date of publication. |
| --- | --- |

220.

In accordance with the Commission notice on the determination of the applicable rules for the assessment of unlawful State aid (127

| 221. | The Commission proposes to Member States, on the basis of Article 108(1) of the Treaty, the following appropriate measures:






  (a) | Member States must amend, where necessary, their existing aid schemes in order to bring them in line with Section 7.1 of these Guidelines within 12 months after their publication in the Official Journal of the European Union. |
| --- | --- | --- |

221.

The Commission proposes to Member States, on the basis of Article 108(1) of the Treaty, the following appropriate measures:

(a)

Member States must amend, where necessary, their existing aid schemes in order to bring them in line with Section 7.1 of these Guidelines within 12 months after their publication in the Official Journal of the European Union.

Official Journal of the European Union

| (b) | Member States should give their explicit unconditional agreement to the appropriate measures (including amendments) proposed in point (a) within 2 months from the date of publication of these Guidelines in the Official Journal of the European Union. In the absence of any reply within the 2 months, the Commission will assume that the Member State in question does not agree with the proposed measures. |
| --- | --- |

(b)

Member States should give their explicit unconditional agreement to the appropriate measures (including amendments) proposed in point (a) within 2 months from the date of publication of these Guidelines in the Official Journal of the European Union. In the absence of any reply within the 2 months, the Commission will assume that the Member State in question does not agree with the proposed measures.

Official Journal of the European Union

---

(1)  Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions of 14 September 2016, Connectivity for a Competitive Digital Single Market - Towards a European Gigabit Society, COM(2016)587 final.

1

Connectivity for a Competitive Digital Single Market - Towards a European Gigabit Society

(2)  Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee the Committee of Regions of 19 February 2020, Shaping Europe's digital future, COM(2020)67 final.

2

Shaping Europe's digital future

(3)  Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee the Committee of Regions of 9 March 2021, 2030 Digital Compass: the European way for the Digital Decade, COM(2021)118 final.

3

2030 Digital Compass: the European way for the Digital Decade

(4)  Proposal for a Decision of the European Parliament and of the Council establishing the 2030 Policy Programme ‘Path to the Digital Decade’, COM(2021) 574 final, 2021/0293 (COD).

4

(5)  Section 3 of the Gigabit Communication.

5

(6)  Endnote 3 of the Communication on Shaping Europe’s digital future.

6

(7)  At the current stage of development, fibre to the home, fibre to the building and performant cable networks (at least DOCSIS 3.1) are able to deliver 1 Gbps download speed.

7

(8)  Section 3.2 of the Digital Compass Communication.

8

(9)  Recital (7) of the DDPP proposal.

9

(10)  Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic And Social Committee and the Committee of the Regions of 27 May 2020, Europe’s moment: Repair and Prepare for the Next Generation, COM(2020) 456 final.

10

Europe’s moment: Repair and Prepare for the Next Generation

(11)  Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (OJ L 57, 18.2.2021, p. 17). See also Council Regulation (EU) 2020/2094 of 14 December 2020 establishing a European Union Recovery Instrument to support the recovery in the aftermath of the COVID-19 crisis (OJ L 433 I, 22.12.2020, p. 23).

11

(12)  Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions of 11 December 2019, The European Green Deal, COM (2019) 640 final.

12

The European Green Deal

(13)  Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (European Climate Law) (OJ L 243, 9.7.2021, p. 1).

13

(14)  Directive (EU) 2018/1972 of the European Parliament and of the Council of 11 December 2018 establishing the European Electronic Communications Code (OJ L 321, 17.12.2018, p. 36).

14

(15)  Communication from the Commission of 26 January 2013, ‘EU Guidelines for the application of State aid rules in relation to the rapid deployment of broadband networks’ (OJ C 25, 26.1.2013) (the ‘2013 Broadband Guidelines’).

15

(16)  See the Commission staff working document on the results of the evaluation of 7 July 2021, SWD (2021) 195 final.

16

(17)  See the Commission staff working document executive summary of the evaluation of the State Aid rules for broadband infrastructure deployment of 7 July 2021, SWD(2021) 194 final.

17

(18)  For example, Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (OJ L 187, 26.6.2014, p. 1).

18

(19)  Such as funding provided under Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility and repealing Regulations (EU) No 1316/2013 and (EU) No 283/2014 (OJ L 249, 14.7.2021, p. 38).

19

(20)  Communication from the Commission Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty, section 2.2 (OJ C 249, 31.7.2014, p. 1).

20

Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty

(21)  See the judgment of 13 September 1995, TWD v Commission, joined cases T-244/93 and T-486/93, ECLI:EU:T:1995:160, paragraph 56. See also the Communication from the Commission, Commission Notice on the recovery of unlawful and incompatible State aid (OJ C 247, 23.7.2019, p. 1).

21

TWD v Commission

Commission Notice on the recovery of unlawful and incompatible State aid

(22)  Directive 2014/61/EU of the European Parliament and of the Council of 15 May 2014 on measures to reduce the cost of deploying high-speed electronic communications networks (OJ L 155, 23.5.2014, p. 1).

22

(23)  FTTx refers to different types of networks including fibre to the building (FTTB), fibre to the home (FTTH), fibre to the premises (FTTP) and fibre to the cabinet (FTTC). However, FTTC networks are only able to provide fixed ultrafast services when using, over loops of a certain length, vectoring (technology that improves the performance of VDSL (very high-speed digital subscriber line)).

23

(24)  DOCSIS stands for ‘data over cable service interface specifications’. It is a globally-recognized telecommunications standard which develops and provides for generations of specifications (DOCSIS 1.0, DOCSIS 1.1, DOCSIS 2.0, DOCSIS 3.0, DOCSIS 3.1, etc.). At the current state of the market, specifications for DOCSIS 4.0 have been developed.

24

(25)  For instance, fixed wireless access networks based on 5G technology, also potentially other wireless technologies that include fixed radio solutions, especially the next generation of Wi-Fi (Wi-Fi6).

25

(26)  Satellite technology solutions are currently used in some cases in remote or isolated areas in situations where they can provide a suitable level of fixed broadband services. More advanced satellites that are able to significantly improve the quality of broadband services and deliver ultrafast speed are expected to become available in the future (including very high throughput satellites). Satellites also play a role in providing services to public authorities. There are several low earth orbit (LEO) satellite constellations under preparation that are expected to be able to lower the latency.

26

(27)  All mobile broadband systems (2G, 3G, 4G and 5G) are based on the International Telecommunication Union’s International Mobile Telecommunication (IMT) standards. IMT standards are specifications and requirements for high-speed mobile broadband service based on the technological progress in the relevant time frame. Mobile networks incorporate progressively the features and capabilities of new standards. In addition, the amount and type of spectrum used, with different propagation characteristics, have an important impact on the quality of service delivered. For instance, among the three pioneer bands identified for 5G services, it is currently estimated that the 700 MHz frequency band is more suitable for wide area and indoor coverage; 3.6 GHz (3.4-3.8 GHz) is characterised by high capacity but lower coverage than the 700 MHz band; the 26 GHz (24.25-27.5 GHz) is likely to be used to deploy hot-spots in small areas with very high demand (for example transport hubs, entertainment venues, industrial or retail sites or along major roads and railway tracks in rural areas) and will not be used to create wide area coverage. New mobile generations may also use frequency bands initially used by previous generations.

27

(28)  Subsequent versions of 2G (so called 2G enhanced or 2.xG) were superior to 2G itself. Incremental upgrades over 3G (3.xG versions) had better performances compared to 3G. Also for 4G, the 4.5G cellular communication system is better than 4G in several aspects. 4.5G is the outcome of the evolution of LTE whose legacy is LTE-Advanced. The initial roll-out of 5G network will likely focus on enhanced mobile broadband services (one of the sets of use cases defined for 5G). 5G standalone networks are expected to provide significant improvements in speed and latency while supporting a greater density of connected devices compared to previous generations and make available new features such as network slicing that in turn will enables new sets of use cases for 5G.

28

(29)  5G non-standalone networks may use new equipment and 5G frequencies to deliver better quality of service but may still use 4G network elements.

29

(30)  For instance, to date, coverage obligations attached to some spectrum bands require, depending on types of spectrum, a coverage of a certain percentage of the population or territory and minimum quality requirements in terms of speed and latency. Often, such coverage obligations are to be fulfilled within a period of up to 5 years from the assignment of the relevant spectrum, sometimes up to 7 years.

30

(31)  In the early generations of mobile networks, the backhaul from the radio base station to the mobile switching centre, was largely provided by point-to-point microwave connections. The deployment of LTE-Advanced and the introduction of 5G have led to higher backhaul requirements and an increasing use of optical fibre networks to connect base stations.

31

(32)  According to case-law, undertakings entrusted with the operation of services of general economic interest must have been assigned that task by an act of a public authority. For instance, a SGEI may be entrusted to an undertaking by granting a public service concession; see judgment of 13 June 2000, EPAC v Commission, joined cases T-204/97 and T-270/97, ECLI:EU:T:2000:148, paragraph 126 and judgment of 15 June 2005,

  Fred Olsen v Commission

  , T-17/02, ECLI:EU:T:2005:218, paragraphs 186, 188-189.

32

EPAC v Commission

judgment of 15 June 2005,

Fred Olsen v Commission

, T-17/02, ECLI:EU:T:2005:218, paragraphs 186,

(33)  Judgment of 24 July 2003, Altmark Trans and Regierungspräsidium Magdeburg, C-280/00, ECLI:EU:C:2003:415, paragraphs 87 to 95.

33

Altmark Trans and Regierungspräsidium Magdeburg

(34)  The SGEI package includes the Commission communication on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest (OJ C 8, 11.1.2012, p. 4), the Commission Decision of 20 December 2011 on the application of Article 106(2) of the Treaty on the Functioning of the European Union to State aid in the form of public service compensation granted to certain undertakings entrusted with the operation of services of general economic interest (OJ L 7, 11.1.2012, p. 3), the Commission communication on a European Union framework for State aid in the form of public service compensation (OJ C 8, 11.1.2012, p. 15) and Commission Regulation (EU) No 360/2012 of 25 April 2012 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid granted to undertakings providing services of general economic interest (OJ L 114, 26.4.2012, p. 8). The Commission started in June 2019 to evaluate State aid rules for health and social services of general economic interest (SGEI) and Regulation (EU) No 360/2012.

34

de minimis

(35)  Paragraph 13 of the Commission communication on a European Union framework for State aid in the form of public service compensation (OJ C 8, 11.1.2012, p. 15).

35

(36)  For the implementation of universal service obligations, the provisions of Directive (EU) 2018/1972 apply.

36

(37)  See paragraph 49 of the Commission communication on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest. See also paragraph 154 of the judgment of 16 September 2013, Colt Télécommunications France v Commission, T-79/10, ECLI:EU:T:2013:463, and Commission Decision C(2016)7005 final of 7 November 2016, case SA.37183 (2015/NN) – France – Plan France Très Haut Débit, recital 263 (OJ C 68, 3.3.2017, p. 1).

37

Colt Télécommunications France v Commission

(38)  See Articles 84, 85 and 86 of Directive (EU) 2018/1972.

38

(39)  See paragraph 50 of the Commission communication on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest. See also Commission Decision C(2006)436 final of 8 March 2006, case N284/05 – Ireland – Regional broadband Programme: Metropolitan Area Networks (‘MANs’), phases II and III (OJ C 207, 30.8.2006, p. 3), and Commission Decision C(2007) 3235 final of 10 July 2007, case N890/06 – France – Aide du Sicoval pour un réseau de très haut debit (OJ C 218, 18.9.2007, p. 1).

39

Metropolitan Area Networks

(40)  For the implementation of universal service obligations, the provisions of Directive (EU) 2018/1972 apply.

40

(41)  Such safeguards may include, depending on the characteristics of each case, limiting the provision of wholesale-only services, an obligation of accounting separation, and may also include the setting up of a structurally and legally separate entity from the vertically integrated undertaking. Such entity should have sole responsibility for complying with and delivering the SGEI mission assigned to it. Indeed, once a broadband network providing universal broadband services has been deployed, undertakings providing retail broadband services that operate on market terms are normally able to provide those services to end users at a competitive price. See Commission Decision C(2016)7005 final of 7 November 2016, case SA.37183 (2015/NN) – France – Plan France Très Haut Débit (OJ C 68, 3.3.2017, p. 1).

41

(42)  For the implementation of universal service obligations, the provisions of Directive (EU) 2018/1972 apply.

42

(43)  Where deployment costs of a fixed network are very high, a high-performance mobile network may provide an alternative to a fixed network to a certain extent, depending on specific circumstances. However, there remain significant qualitative differences between the two technologies. Unlike fixed networks, mobile networks allow end users to move while communicating (for instance in a car). However, fixed networks offer a higher degree of stability in particular for data transmission. For the time being, end users typically use both technologies as complements, not substitutes.

43

(44)  Member States have the possibility to establish a single State aid measure supporting the deployment of a combination of different types of networks (fixed access networks, mobile access networks and backhaul networks) subject to compliance with the rules that apply for each type of network.

44

(45)  See judgment of 13 June 2013, HGA and others v Commission, C-630/11 P to C-633/11 P, ECLI:EU:C:2013:387, paragraph 104.

45

HGA and others v Commission

(46)  Judgment of 22 September 2020, Austria v Commission, C-594/18 P, ECLI:EU:C:2020:742, paragraph 44.

46

Austria v Commission

(47)  However, the fact that a specific company may not be capable of carrying out a project without aid does not mean that there is a market failure. For instance, a company’s decision not to invest in a project with low profitability may not be an indication of a market failure, but rather of a market that functions well.

47

(48)  In such cases, the Commission will carefully examine whether the Member State can demonstrate clearly and with verifiable evidence that end users’ needs are not met. This could be proven through consumer survey, independent studies etc.

48

(49)  While there may be several reasons for a digital divide, the existence of adequate broadband networks is a prerequisite for enabling connectivity and closing the gap. The degree of urbanisation is an important factor for access to and use of information and communications technologies. Internet penetration may remain lower in low-populated areas throughout the Union.

49

(50)  The length of any private investment protection period would depend on the specificities of the protected networks, such as the underlying network technologies, the date when the deployment of the network was completed etc.

50

(51)  While speeds are currently the most relevant quality of service parameters, other parameters (such as latency) may become relevant for certain end users. Such parameters may be taken into account to determine the existence of a market failure.

51

(52)  As an additional safeguard, Member States may also verify that such speed is or will be actually reflected as the minimum download speed, within the meaning of Article 4(1), point (d), of Regulation (EU) 2015/2120 of the European Parliament and of the Council of 25 November 2015 laying down measures concerning open internet access and amending Directive 2002/22/EC and Regulation (EU) No 531/2012 (OJ L 310, 26.11.2015), in at least one contract available to consumers.

52

(53)  See footnote 48.

53

(54)  Member States must announce the intention to intervene by publishing the list of target areas, the quality of services to be provided at least in terms of download and upload speeds and the thresholds for intervention at least in terms of download and upload speeds of the services that may be overbuilt by the measure. That information must be made available on a publicly accessible website at the level of the target area and at national level.

54

(55)  See, for instance, Commission Decision C(2021) 3492 final of 21 May 2021, case SA.58099 (2021/N) – Germany – Mobile communications Mecklenburg-Western Pomerania (OJ C 260, 2.7.2021).

55

(56)  For instance, the Gigabit communication refers to certain applications for the automotive, transport, manufacturing and health sectors as well as for next generation safety and emergency services (for instance connected and automated driving, remote surgery, precision farming).

56

(57)  For instance, Article 109 of Directive (EU) 2018/1972 provides for the obligation of electronic communications operators to make caller location information available as soon as the call reaches the authority handling the emergency call. It is also mandatory to make network-based and the more accurate handset-derived location information available to the most appropriate public safety answering point.

57

(58)  See, for instance, Commission Decision C(2020) 8939 final of 16 December 2020, case SA.54684 – Germany – High-capacity mobile infrastructure roll-out in Brandenburg (OJ C 60, 19.2.2021, p. 2); and Commission Decision C(2021) 1532 final of 10 March 2021, case SA.56426 – Germany – High-performance mobile infrastructure roll-out in Lower Saxony (OJ C 144, 23.4.2021, p. 2); Commission Decision C(2021) 3565 final of 25 May 2021, case SA.59574 – Germany – Deployment of high-performance mobile infrastructure in Germany (OJ C 410, 8.10.2021, p. 1).

58

(59)  This may be the case where the architecture of the existing backhaul network is not in line with backhaul users’ needs in terms of capacity or dimensioning.

59

(60)  For instance, Croatia proposed a State intervention in its national backhaul market that was characterised by capacity constraints, which led to high prices on the downstream market. The existing backhaul network operator was not willing to invest in a capacity increase. As the issue could not be solved by the national regulator, the Commission approved a State aid scheme for investment in fibre backhaul infrastructure. The Commission found that the dominant position had become a bottleneck which constituted a market failure. Commission Decision C(2017) 3657 final of 6 June 2017, case SA.41065 - National Programme for broadband aggregation infrastructure – Croatia (OJ C 237, 21.7.2017, p. 1). See also Commission Decision C(2016) 7005 final of 7 November 2016, case SA.37183 (2015/NN) – France – Plan France très haut debit (OJ C 68, 3.3.2017, p.1) where the Commission approved State aid for the deployment of a fibre backhaul network in areas where there was no backhaul network as well as in areas where the existing backhaul network had insufficient capacities to meet expected needs at reasonable access prices and conditions.

60

(61)  Where the presence of the market failure cannot already be inferred from the data concerning download speed.

61

(62)  The public authorities responsible for the State intervention may also map other performance criteria to characterise the performance of networks at peak-time conditions (such as latency, packet loss, packet error, jitter, service availability). Member States may choose to do so in order to better target the State intervention to address market failures and ensure an adequate step change.

62

(63)  Smaller grids (such as 20×20 metre grids) are considered a good practice to ensure target areas are clearly identified.

63

(64)  This must include: list of target areas based on the mapping, duration of the measure, budget, sources of public financing, identification of the relevant time horizon, eligibility criteria including quality of services to be provided (upload and download speeds), thresholds for intervention, planned wholesale access requirements and pricing or pricing methodology. A public consultation may also include questions to stakeholders about the wholesale access products they would like to see offered on any newly created State-funded network.

64

(65)  Direct consultation of suppliers or other stakeholders does not fulfil the requirements of a public consultation which must ensure openness and transparency towards any interested parties, in the interest of legal certainty.

65

(66)  The results of a public consultation are only valid for the relevant time horizon indicated in the public consultation. The implementation of the measure beyond that time requires at least new mapping and public consultation.

66

(67)  This includes individual aid grants under a State aid scheme.

67

(68)  A similar mechanism is set out in Article 22 of Directive (EU) 2018/1972.

68

(69)  Member States may include this request directly in the public consultation for efficiency. Alternatively, as part of the assessment of the results of the public consultation, Member States may request further information when certain plans provided by stakeholders may qualify as a mere ‘expression of interest’.

69

(70)  For example in accordance with Article 29 of Directive (EU) 2018/1972.

70

(71)  A similar mechanism is set out in Article 22 of Directive (EU) 2018/1972.

71

(72)  For instance, in the case of fixed networks, marginal investments related merely to the upgrade of the active components of the network should not be considered eligible for State aid. Similarly, although certain copper enhancing technologies (such as vectoring) could increase the capabilities of the existing networks, they may not require significant investments in new networks, hence should not be eligible for State aid. For mobile networks, in certain circumstances Member States may demonstrate that investments in active equipment may play an important role and that public support may be justified if the investment does not consist of merely incremental upgrades but constitutes an integral part of a significant new investment in the network, provided that all compatibility conditions are complied with. See for instance Commission Decision C(2021) 9538 of 10 January 2022, case SA.57216 Mobile coverage in rural areas in Galicia (OJ C 46, 28.1.2022, p. 1).

72

(73)  The subsidised network must provide services at the speed needed to fulfil the step change requirement. However, in addition to the speed needed to fulfil the step change requirement operators of a subsidised network may also offer services of a lower quality.

73

(74)  This is for example the case when the new network significantly extends the fibre from the core of the network toward the edge of the network, for instance: (i) the deployment of fibre to the base stations to support the deployment of fixed wireless access networks; (ii) the deployment of fibre to the cabinets where the cabinets were not previously connected to a fibre network; (iii) the increase (deepening) of the fibre in cable networks.

74

(75)  See footnote 68.

75

(76)  This may include providing new services that would not have been possible absent the State intervention, such as connected and automated mobility.

76

(77)  See also footnote 27.

77

(78)  See, for instance, Commission Decision C(2020) 8939 final of 16 December 2020, case SA.54684 – Germany – High-capacity mobile infrastructure roll-out in Brandenburg (OJ C 60, 19.2.2021, p. 2).

78

(79)  Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC (OJ L 94, 28.3.2014, p. 65), and Directive 2014/23/EU of the European Parliament and of the Council of 26 February 2014 on the award of concession contracts (OJ L 94, 28.3.2014, p. 1).

79

(80)  In line with the public procurement principles.

80

(81)  For instance, network topologies allowing full and effective unbundling should in principle receive more priority points.

81

(82)  The total cost of ownership (TCO) is considered, for example, by companies when they are looking to invest in assets. TCO includes the initial investment as well as all direct and indirect costs over the long term. While the amount of initial investment can be easily determined, companies most often seek to analyse all potential costs which they will incur to manage and maintain the asset during its lifespan, which can significantly influence the decision to invest.

82

(83)  For instance, of the energy consumption or the life-cycle of the investment and thus use of the Do No Significant Harm criteria as introduced in Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).

83

(84)  The aid beneficiary may be allowed to provide retail services as a ‘retailer of last resort’ where the market does not ensure the provision of such services. See Commission Decision C(2019) 8069 final of 15 November 2019, case SA.54472 (2019/N) – Ireland – National Broadband Plan (OJ C 7, 10.1.2020, p. 1).

84

(85)  See Commission Decision C(2018) 6613 final of 12 October 2018, case SA.49614 (2018/N) – Lithuania – Development of Next Generation Access Infrastructure – RAIN 3 (OJ C 424, 23.11.2018, p. 8); Commission Decision C(2016) 3931 final of 30 June 2016, case SA.41647 – Italy – Strategia Banda Ultralarga (OJ C 258, 15.7.2016, p. 4); Commission Decision C(2019) 6098 final of 20 August 2019, case SA.52224 – Austria – Broadband project in Carinthia (OJ C 381, 8.11.2019, p. 7).

85

(86)  Infrastructure to which they have the right to grant access to third parties.

86

(87)  See Commission Decision in case SA. 40720 (2016/N) National Broadband Scheme for the UK for 2016-2020 (OJ C 323, 2.9.2016, p. 2), recitals 115 and 116, where the UK authorities required all bidders to sign up to a Code of Conduct. The Code of Conduct included standards for: (i) the level of detail of information that should be provided; (ii) the timeframes in which the information is to be provided; (iii) the acceptable terms of a non-disclosure agreement; and (iv) the obligations to make available the infrastructure for use in other bids. Bidders not meeting the terms of the Code of Conduct would be excluded from the procurement.

87

(88)  This may notably be the case when such term and conditions already exist as a result of regulatory obligations imposed by national regulatory authorities or other competent authorities under Directive (EU) 2018/1972, when access is foreseen in a previous State Aid Decision or when a commercial wholesale offer is available.

88

(89)  Access to this information may be limited according to the applicable rules. For instance, access to information concerning physical infrastructure under Directive 2014/61/EU may be limited for reasons of security and integrity of networks, national security, public health or safety, confidentiality or business secrets.

89

(90)  This may include, depending on the type of intervention: adequately sized ducts, sufficient number of dark fibres, type and upgrade of poles, masts, towers, type and size of street cabinets to provide effective unbundling etc. See Commission Decision C(2016) 3208 final of 26 May 2016, case SA 40720 (2016/N) – United Kingdom - Broadband Delivery UK (OJ C 323, 2.9.2016, p. 2) and Commission Decision C(2019) 8069 final of 15 November 2019, case SA.54472 (2019/N) – Ireland – National Broadband Plan (OJ C 7, 10.1.2020, p. 1).

90

(91)  For example effective access implies that adequate wholesale access to active equipment is granted even if only infrastructure is financed.

91

(92)  As in this particular case, VULA is a substitute for the physical unbundling of a new infrastructure, the same rules as for new infrastructure apply.

92

(93)  See Commission Decision C(2019) 8069 final of 15 November 2019, case SA.54472 (2019/N) – Ireland – National Broadband Plan (OJ C 7, 10.1.2020, p.1). Whenever the aid recipient decides to upgrade or replace the infrastructure before the end of lifespan of the aided infrastructure, the aid recipient will have to continue to give access to the new infrastructure for the whole period foreseen for the original infrastructure.

93

(94)  For instance and depending on the specificity of the network, where new ducts are built to host fibre, they should cater for at least three independent fibre cables each hosting several fibres and therefore able to serve several undertakings. Where existing infrastructure has capacity constraints and cannot provide access to at least three independent fibre cables, based on the principle first-come-first-served, the operator of the State-funded network should make available at least 50 % of the capacity (in particular dark fibres) to access seekers.

94

(95)  These rules also apply in the case of connections to State-funded backhaul networks or in the case of State-funded mobile network which is subsequently used for the provision of fixed wireless access services in areas which are already covered by a fixed network.

95

(96)  Such characteristics may pertain to the applicable ex ante regulation in the electronic communications markets, the business model of the operators present on the market (wholesale-only or vertically integrated providers of broadband services), the size of the State aid intervention project, the use of physical unbundling in the Member State concerned, etc.

96

ex ante

(97)  Such as Multi-Operator-Access-Network (MORAN), Multi-Operator Core Network (MOCN), network slicing.

97

(98)  When granting the aid, Member States must ensure that masts and towers are able to ensure that such access can be granted considering the current and evolving market structure.

98

(99)  For instance, see Commission Decision C(2011) 7285 final of 19 October 2011, case N 330/2010 — France – Programme national «Très Haut Débit » - Volet B (OJ C 364, 14.12.2011, p.2) and Commission Decision C(2012) 8223 final of 20 November 2012, case SA.33671 (2012/N) – United Kingdom – National Broadband scheme for the UK - Broadband Delivery UK (OJ C 16, 19.1.2013, p. 2).

99

(100)  Other conditions may be accepted by the Commission as part of the proportionality analysis in the light of the characteristics of the case and the overall balancing exercise. See for example, Commission Decision C(2011) 7285 final of 19 October 2011, case N 330/2010 — France – Programme national «Très Haut Débit» - Volet B (OJ C 364, 14.12.2011, p.2) and Commission Decision C(2012) 8223 final of 20 November 2012, case SA.33671 (2012/N) – United Kingdom – National Broadband scheme for the UK - Broadband Delivery UK (OJ C 16, 19.1.2013, p. 2). If the conditions are fulfilled, access should be granted within a period which is customary for the particular market. In the case of conflict, the aid granting authority should ask the NRA or another competent national body for an advice.

100

(101)  This includes individual grants of aid under a State aid scheme.

101

(102)  For instance, a clawback mechanism may help recover profits that are higher than reasonably anticipated, for instance due to: (i) higher than forecast take-up of broadband products resulting in additional profits and a smaller investment gap; and (ii) higher than forecast revenues from non-broadband products resulting in additional profits and a smaller investment gap (for instance revenue from new wholesale access products). See Commission Decision C(2016) 3208 final of 26 May 2016, case SA 40720 (2016/N) – United Kingdom - Broadband Delivery UK (OJ C 323, 2.9.2016, p. 2).

102

(103)  A clawback mechanism may be necessary in other cases, such as certain public ownership models. See for instance Commission Decision C(2016) 3208 final of 26 May 2016, case SA 40720 (2016/N) – United Kingdom – Broadband Delivery UK (OJ C 323, 2.9.2016, p. 2).

103

(104)  Reasonable profit should be taken to mean the rate of return on capital that would be required by a typical company, taking into account the level of risk specific to the broadband sector and the type of services provided. The required rate of return on capital is typically determined by the weighted average cost of capital ('WACC').

104

(105)  The participation in the competitive selection procedure depends on expected profit and losses. Losses can arise for instance if the bidder has been too optimistic with regard to expected future revenues arising from the provision of broadband services or if unexpected costs materialise. As the aid granting authority does not reimburse any unexpected losses, a tight clawback mechanism on future profits may increase the overall risk for the investor and discourage participation in the competitive selection procedure.

105

(106)  Efficiency gains must not reduce the quality of the service provided.

106

(107)  If the reasonable profit is 10 %, the maximum incentive amount would be 3 %.

107

(108)  For instance, if the reasonable profit is 10 % and the maximum incentive amount of 3 % is applied, the Member States should not recover any profit not exceeding 13 %. If the actual profit is 20 % and the aid intensity is 70 %, the difference in profit from 13 % to 20 % will be shared as follows: 70 % to the Member State and 30 % to the broadband investor.

108

(109)  For instance, in a case where a shareholder owns 40 % of the shares of the beneficiary company and the net present value (NPV) of the company using the reasonable profit as discount rate is X, if the shareholder sells its shares for a total amount of Y, the Member State must recover Y-40 %*X from that shareholder.

109

(110)  This would increase transparency, ease the administrative burden on local authorities and could mean that NRAs would not have to analyse each State aid case individually.

110

(111)  See, for instance, opinion No 12-A-02 of 17 January 2012 from the French Competition Authority relating to a request for an opinion from the Senate's Committee on the Economy, Sustainable Development and Regional Planning concerning the framework for involvement of local authorities in the deployment of very high-speed networks [Avis No 12-A-02 du 17 janvier 2012 de l’Autorité de la concurrence relatif à une demande d'avis de la commission de l'économie, du développement durable et de l'aménagement du territoire du Sénat concernant le cadre d'intervention des collectivités territoriales en matière de déploiement des réseaux à très haut débit].

111

(112)  See, for instance, Commission Decision K(2008) 6705 of 5 November 2008, case N 237/08 – Germany – Broadband support in Niedersachsen (OJ C 18, 24.1.2009, p. 1); Commission Decision C(2012) 8223 final of 20 November 2012, case SA.33671 (2012/N) – United Kingdom – National Broadband scheme for the UK - Broadband Delivery UK (OJ C 16, 19.1.2013, p. 2) and Commission Decision C(2016) 3208 final of 26 May 2016, case SA.40720 (2016/N) – United Kingdom - Broadband Delivery UK (OJ C 323, 2.9.2016, p. 2).

112

(113)  Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid (OJ L 352, 24.12.2013, p. 1).

113

(114)  Judgment of 4 March 2009, Italy v Commission, T-424/05, ECLI:EU:C:2009:49, paragraph 108; judgment of 28 July 2011, Mediaset v Commission, C-403/10 P, ECLI:EU:C:2011:533, paragraph 81.

114

Italy v Commission

Mediaset v Commission

(115)  See Commission Decisions: C(2020) 8441 final of 4 December 2020, case SA.57357 (2020/N) – Greece – Broadband voucher scheme for students (OJ C 41, 5.2.2021, p. 4); C(2020) 5269 final of 4 August 2020, case SA.57495 (2020/N) – Italy - Broadband vouchers for certain categories of families (OJ C 326, 2.10.2020, p. 9).

115

(116)  National rules may provide for various implementation means. For instance, the social voucher schemes may provide for planned payments directly to the consumers or directly to the service provider chosen by the consumers.

116

(117)  Standard costs are those that apply to all consumers irrespective of their specific situation.

117

(118)  Different means of implementation may be provided for under national rules. For instance, a connectivity voucher scheme may provide for payments directly to the end users or directly to the service provider chosen by the end users.

118

(119)  See Commission Decision C(2021) 9549 final of 15 December 2021, case SA.57496 (2021/N) – Italy – Broadband vouchers for SMEs (OJ C 33, 21.1.2022, p.1).

119

(120)  In exceptional circumstances, subject to the Commission’s assessment, a connectivity voucher measure may be prolonged if duly justified, provided that it does not unduly affect trading conditions to an extent contrary to the common interest.

120

(121)  
  ‘State Aid Transparency Public Search’, available at: https://webgate.ec.europa.eu/competition/transparency/public?lang=en.

121

(122)  If there is no formal requirement for an annual declaration, 31 December of the year for which the aid was granted will be considered as the granting date for encoding purposes.

122

(123)  Council Regulation (EU) 2015/1589 of 13 July 2015 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 248, 24.9.2015, p. 9).

123

(124)  Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EU) 2015/1589 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 140, 30.4.2004, p. 1).

124

(125)  See for instance Commission Decision C(2012) 8223 final of 20 November 2012, case SA.33671 (2012/N) – United Kingdom – National Broadband scheme for the UK – Broadband Delivery UK (OJ C 16, 19.1.2013, p. 2).

125

(126)  Commission staff working document, Common methodology for State aid evaluation, 28.5.2014, SWD(2014) 179 final, or any of its successors.

126

(127)  
  OJ C 119, 22.5.2002, p. 22.

127

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ANNEX I

Mapping of fixed and mobile access networks – best practices referred to in section 5.2.2.4.1 of these guidelines

1.   Scope

This Annex outlines best practices on how to carry out the mapping exercise to support State aid interventions for the deployment of fixed access and mobile access networks.

This Annex aims to help Member States design a transparent methodology to gather and assess information on the availability and performance of networks.

This Annex builds on and complements, for the purposes of State aid, the methodology developed in accordance with Article 22 of Directive (EU) 2018/1972 of the European Parliament and of the Council (1) and the implementing guidelines of the Body of European Regulators for Electronic Communications (BEREC) on geographical surveys of network deployments (2).

This Annex sets out, for fixed access networks and for mobile and fixed wireless access networks, best practices on:

| (a) | the criteria for mapping the performance of the networks; |
| --- | --- |

(a)

the criteria for mapping the performance of the networks;

| (b) | the information that the competent public authorities may collect to verify the accuracy of the information provided; |
| --- | --- |

(b)

the information that the competent public authorities may collect to verify the accuracy of the information provided;

| (c) | the additional information about infrastructure that the competent public authorities may request operators to provide in specific situations, when it is duly justified in order to carry out an in-depth assessment (3). |
| --- | --- |

(c)

the additional information about infrastructure that the competent public authorities may request operators to provide in specific situations, when it is duly justified in order to carry out an in-depth assessment (3).

2.   Mapping of fixed access networks

2.1.   Criteria for mapping the performance of fixed access networks

Pursuant to paragraph 73(a) of these Guidelines, Member States must assess the performance of networks expressed at least in terms of download and upload speeds that are or will be available to end users under peak-time conditions.

Peak-time conditions as defined in paragraph 19(k) of these Guidelines should be understood as the conditions that exist whenever a minimum of 10 % of the users (4) are transmitting concurrently at the nominal peak rate (5) provided by the operator to each of them, both downstream and upstream, which correspond to the usual oversubscription ratio definition (6).

2.2.   Information for verification purposes

To limit risks of opportunistic behaviours by stakeholders and ensure that the information provided is sufficient, consistent, and can be relied on, with a view to avoiding delay to the delivery of services in the target area, the competent public authorities carrying out the mapping exercise may decide to require stakeholders to submit further information regarding their networks for verification purposes.

The competent public authorities may ask stakeholders to provide the full description of the methodology used to calculate their achievable performance, including, but not limited to:

| (a) | the access network technology used (FTTH, FTTB, ADSL, VDSL, VDSL + vectoring, DOCSIS.x, etc.), with full specification of the corresponding standard; |
| --- | --- |

(a)

the access network technology used (FTTH, FTTB, ADSL, VDSL, VDSL + vectoring, DOCSIS.x, etc.), with full specification of the corresponding standard;

| (b) | the topology of the network (for instance P2P or a P2MP), including a simplified graph that reflects the physical layout of the cables/fibres (for instance, a tree topology in a GPON); |
| --- | --- |

(b)

the topology of the network (for instance P2P or a P2MP), including a simplified graph that reflects the physical layout of the cables/fibres (for instance, a tree topology in a GPON);

| (c) | the bottleneck links in the topology of the network, defined as the network segments with larger statistical multiplexing gain, including clear information concerning either (i) the oversubscription ratio used for dimensioning such a link (for instance in the backhaul network) or (ii) the capacity planning exercise performed for such bottleneck links. In any case, the public authority may request a statistical characterization of the achievable speed for an end user (for instance the average or typical speed or probability of achieving the nominal speed to be provided to the end user at any point in time, with indication of the user model assumptions). |
| --- | --- |

(c)

the bottleneck links in the topology of the network, defined as the network segments with larger statistical multiplexing gain, including clear information concerning either (i) the oversubscription ratio used for dimensioning such a link (for instance in the backhaul network) or (ii) the capacity planning exercise performed for such bottleneck links. In any case, the public authority may request a statistical characterization of the achievable speed for an end user (for instance the average or typical speed or probability of achieving the nominal speed to be provided to the end user at any point in time, with indication of the user model assumptions).

2.3.   Information for in-depth verification purposes

The competent public authorities may decide to require stakeholders to submit further information on network components and their locations for in-depth verification purposes, for instance to review the methodology used to calculate the performance submitted.

The competent public authorities may thus ask stakeholders to submit further information on the access part of the fixed network, including but not limited to:

| (a) | the location of the cabinets and the wiring distance from the cabinet to the household; |
| --- | --- |

(a)

the location of the cabinets and the wiring distance from the cabinet to the household;

| (b) | clear information on link-budget calculations (for instance on how the received signal power level is mapped to bit-rates, link-budget margins used etc.). The competent public authorities may ask operators to provide all applicable link-budgets used to design and dimension the network services, with their key parameters, including the description of the methodology followed by the operator to develop the link-budget and the rationale. |
| --- | --- |

(b)

clear information on link-budget calculations (for instance on how the received signal power level is mapped to bit-rates, link-budget margins used etc.). The competent public authorities may ask operators to provide all applicable link-budgets used to design and dimension the network services, with their key parameters, including the description of the methodology followed by the operator to develop the link-budget and the rationale.

3.   Mapping of mobile and fixed wireless access networks

3.1.   Criteria for mapping the performance of mobile and fixed wireless access networks

For the purpose of this mapping method, the Member State should request stakeholders to calculate their network performance taking into account the following principles:

| (a) | use the best industry practices (7) considering all the major effects on the wireless signal propagation (8); |
| --- | --- |

(a)

use the best industry practices (7) considering all the major effects on the wireless signal propagation (8);

| (b) | base the calculation on a 95 % cell edge probability (9) of reaching the declared performance and in any case no less than 95 % probability of reaching the declared performance in each of the grid points considering possible variations of propagation conditions due to random effects and possible variations among the points within the area considered (at address level or on the basis of maximum 100 meter×100 meter grids); |
| --- | --- |

(b)

base the calculation on a 95 % cell edge probability (9) of reaching the declared performance and in any case no less than 95 % probability of reaching the declared performance in each of the grid points considering possible variations of propagation conditions due to random effects and possible variations among the points within the area considered (at address level or on the basis of maximum 100 meter×100 meter grids);

| (c) | assume peak-time conditions as follows:






  (i) | for mobile networks, a nominal cell load (10) not lower than 50 %, or higher in the case of peak-time traffic conditions being significantly higher; |
| --- | --- | --- |

(c)

assume peak-time conditions as follows:

(i)

for mobile networks, a nominal cell load (10) not lower than 50 %, or higher in the case of peak-time traffic conditions being significantly higher;

| (ii) | for fixed wireless access networks, the expected realistic peak-time traffic conditions should be used to derive the appropriate cell load for calculations (11); |
| --- | --- |

(ii)

for fixed wireless access networks, the expected realistic peak-time traffic conditions should be used to derive the appropriate cell load for calculations (11);

| (d) | provide the performance per end user and based on outdoor antennas. If a receiving antenna is shared among multiple end users, the overall performance should be considered equally shared among end users (12); |
| --- | --- |

(d)

provide the performance per end user and based on outdoor antennas. If a receiving antenna is shared among multiple end users, the overall performance should be considered equally shared among end users (12);

| (e) | provide the performance per technology and per operating frequency in case of coverage with multiple technologies (13) and multiple frequencies (14), considering the bandwidth actually available per frequency. In case of use of unlicensed frequencies, this should be clearly stated. |
| --- | --- |

(e)

provide the performance per technology and per operating frequency in case of coverage with multiple technologies (13) and multiple frequencies (14), considering the bandwidth actually available per frequency. In case of use of unlicensed frequencies, this should be clearly stated.

When providing information to the requesting body, operators should consider in particular:

| (a) | the type (15) of backhaul and its capacity for each base station (16); |
| --- | --- |

(a)

the type (15) of backhaul and its capacity for each base station (16);

| (b) | for fixed wireless access networks, the number of served and of passed premises present in each calculated grid. |
| --- | --- |

(b)

for fixed wireless access networks, the number of served and of passed premises present in each calculated grid.

3.2.   Information for verification purposes

To limit risks of opportunistic behaviours by stakeholders and ensure that the information provided is sufficient, consistent, and can be relied on, with a view to avoiding delay to the delivery of services in the target area, the competent public authorities carrying out the mapping exercise may decide to require stakeholders to submit further information for verification purposes.

The competent public authorities may thus ask stakeholders to provide the full description of the methodology used to calculate their coverage maps, including, but not limited to:

| (a) | propagation models and key parameters for propagation simulation; |
| --- | --- |

(a)

propagation models and key parameters for propagation simulation;

| (b) | general information on network components and in particular on antennas (for instance transmission power, MIMO, antenna site locations); |
| --- | --- |

(b)

general information on network components and in particular on antennas (for instance transmission power, MIMO, antenna site locations);

| (c) | key information on link-budget calculation (for instance, how the received signal power level is mapped to bit-rates, link-budget margins used etc.). Stakeholders should provide all applicable link-budgets used to design and dimension the network services, with their key parameters, including also the description of how the stakeholder developed the link-budget and the rationale; |
| --- | --- |

(c)

key information on link-budget calculation (for instance, how the received signal power level is mapped to bit-rates, link-budget margins used etc.). Stakeholders should provide all applicable link-budgets used to design and dimension the network services, with their key parameters, including also the description of how the stakeholder developed the link-budget and the rationale;

| (d) | the location of cell sites; |
| --- | --- |

(d)

the location of cell sites;

| (e) | characteristics of the backhaul. |
| --- | --- |

(e)

characteristics of the backhaul.

3.3.   Information for in-depth verification purposes

The competent public authorities may decide to require stakeholders to submit further information on network components and their locations for in-depth verification purposes, for instance to review the methodology used to calculate the performance submitted. The competent public authorities may thus ask stakeholders to submit further information on their networks, including but not limited to:

| (a) | number of transmitters at each site; |
| --- | --- |

(a)

number of transmitters at each site;

| (b) | the ground elevation of such transmitters; |
| --- | --- |

(b)

the ground elevation of such transmitters;

| (c) | number of sectors at each cell site; |
| --- | --- |

(c)

number of sectors at each cell site;

| (d) | used technology at transmitters including MIMO-order, available channel bandwidth; |
| --- | --- |

(d)

used technology at transmitters including MIMO-order, available channel bandwidth;

| (e) | the effective isotropic transmission power employed by each transmitter. |
| --- | --- |

(e)

the effective isotropic transmission power employed by each transmitter.

---

(1)  Directive (EU) 2018/1972 of the European Parliament and of the Council of 11 December 2018 establishing the European Electronic Communications Code (OJ L 321, 17.12.2018, p. 36).

(2)  BoR (20) 42 and related BoR (21)82.

(3)  This may be subject to confidential treatment in accordance with national law, as relevant.

(4)  This includes both connected and potential users.

(5)  This is the peak rate included in the end users’ contracts.

(6)  The same network infrastructure can provide different performance levels to the end users depending on how many users are being multiplexed in bottleneck links and what their nominal speeds are. Performance depends on the number of users concurrently active (which is higher during peak-time conditions). Such ‘statistical multiplexing gain’ (minimum 10 % meaning 1:10 activity level) requires also that accurate- enough user traffic distribution models are employed by operators.

(7)  Best industry practices mean modelling parameters, tools, planning, and error boundaries that are common in planning of wireless communications systems and business, and which can be deemed to be faithful and correct enough by experts in the field if they were to verify the methodology.

(8)  Such as terrain, building, and clutter when predicting the received signal power.

(9)  The ‘cell edge probability’ means the likelihood that the minimum performance will be met at the ultimate edge of the coverage area (maximum claimed coverage distance in the area considered). The calculation needs to be based on realistic propagation simulations, link-budget calculations, and sufficient margins.

(10)  The ‘cell load’ (cell loading) means the average percentage of the resources of a base station that are used by end-users with respect to a certain service.

(11)  If peak-traffic estimation is not used, the nominal 90 % cell load for fixed wireless access should be used. The higher cell load for fixed wireless access (compared to mobile networks) reflects the expected different usage pattern resulting in higher competition for the use of the shared resources of the serving base station.

(12)  In fixed wireless access, this may be the case for shared rooftop antennas for a multi-dwelling building.

(13)  Technologies include: 3G UMTS and HSPA technologies; 4G LTE or LTE-Advanced technologies; 5G either the 3GPP Release 15 New Radio (NR) non-standalone (with 4G core network) or NR standalone (with a native 5G core network) and further developments (such as 3GPP Release 16). It is recommended that the public authority collects information on the used 3GPP based technologies (at least the 3GPP release levels).

(14)  This is to separate sub-6 GHz and mm-wave frequency bands as they are often used for different categories of services.

(15)  Fibre optic, carrier grade copper Ethernet, wireless, etc.

(16)  In the case of optical fibre connection, this can be normally assumed to be sufficient.

---

ANNEX II

Information to be published by Member States pursuant to paragraph 202(b) of these guidelines

The information on individual awards referred to in paragraph 202(b) of these Guidelines must include the following (1):

| (a) | identity of the individual aid beneficiary:






  (i) | name; |
| --- | --- | --- |

(a)

identity of the individual aid beneficiary:

(i)

name;

| (ii) | aid beneficiary’s identifier; |
| --- | --- |

(ii)

aid beneficiary’s identifier;

| (b) | type of aid beneficiary at the time of application:






  (i) | SME; |
| --- | --- | --- |

(b)

type of aid beneficiary at the time of application:

(i)

SME;

| (ii) | large enterprise; |
| --- | --- |

(ii)

large enterprise;

| (c) | region in which the aid beneficiary is located, at NUTS level II or below; |
| --- | --- |

(c)

region in which the aid beneficiary is located, at NUTS level II or below;

| (d) | the main sector or activity of the aid beneficiary for the given aid, identified by the NACE group (three-digit numerical code) (2); |
| --- | --- |

(d)

the main sector or activity of the aid beneficiary for the given aid, identified by the NACE group (three-digit numerical code) (2);

| (e) | aid element expressed in full in the national currency. For schemes in the form of tax advantage, the information on individual aid amounts (3) can be provided in the following ranges (in EUR million):






  — | [0,1-0,5]; |
| --- | --- | --- |

(e)

aid element expressed in full in the national currency. For schemes in the form of tax advantage, the information on individual aid amounts (3) can be provided in the following ranges (in EUR million):

—

[0,1-0,5];

| — | [0,5-1]; |
| --- | --- |

—

[0,5-1];

| — | [1-2]; |
| --- | --- |

—

[1-2];

| — | [2-5]; |
| --- | --- |

—

[2-5];

| — | [5-10]; |
| --- | --- |

—

[5-10];

| — | [10-30]; |
| --- | --- |

—

[10-30];

| — | [30-60]; |
| --- | --- |

—

[30-60];

| — | [60-100]; |
| --- | --- |

—

[60-100];

| — | [100-250] |
| --- | --- |

—

[100-250]

| — | [250 and over]; |
| --- | --- |

—

[250 and over];

| (f) | where different from the aid element, the nominal aid amount, expressed in full in the national currency (4); |
| --- | --- |

(f)

where different from the aid element, the nominal aid amount, expressed in full in the national currency (4);

| (g) | aid instrument (5):






  (i) | grant/interest rate subsidy/debt write-off; |
| --- | --- | --- |

(g)

aid instrument (5):

(i)

grant/interest rate subsidy/debt write-off;

| (ii) | loan/repayable advances/reimbursable grant; |
| --- | --- |

(ii)

loan/repayable advances/reimbursable grant;

| (iii) | guarantee; |
| --- | --- |

(iii)

guarantee;

| (iv) | tax advantage or tax exemption; |
| --- | --- |

(iv)

tax advantage or tax exemption;

| (v) | risk finance; |
| --- | --- |

(v)

risk finance;

| (vi) | other (please specify); |
| --- | --- |

(vi)

other (please specify);

| (vii) | date of award and date of publication; |
| --- | --- |

(vii)

date of award and date of publication;

| (viii) | objective of the aid; |
| --- | --- |

(viii)

objective of the aid;

| (h) | identity of the granting authority or authorities; |
| --- | --- |

(h)

identity of the granting authority or authorities;

| (i) | where applicable, name of the entrusted entity, and the names of the selected financial intermediaries; |
| --- | --- |

(i)

where applicable, name of the entrusted entity, and the names of the selected financial intermediaries;

| (j) | reference of the aid measure, as stated in the decision approved under these Guidelines. |
| --- | --- |

(j)

reference of the aid measure, as stated in the decision approved under these Guidelines.

---

(1)  With the exception of business secrets and other confidential information in duly justified cases and subject to the Commission’s agreement [Commission communication on professional secrecy in State aid decisions, C(2003) 4582 (OJ C 297, 9.12.2003, p. 6)].

(2)  Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1).

(3)  The amount to be published is the maximum allowed tax benefit and not the amount deducted each year (for instance in the context of a tax credit, the maximum allowed tax credit shall be published rather than the actual amount which might depend on the taxable revenues and vary each year).

(4)  Gross grant equivalent, or where applicable, the amount of the investment. For operating aid, the annual aid amount per aid beneficiary can be provided. For fiscal schemes, this amount can be provided by the ranges set out point e of this Annex. The amount to be published is the maximum allowed tax benefit and not the amount deducted each year (for instance in the context of a tax credit, the maximum allowed tax credit shall be published rather than the actual amount, which might depend on the taxable revenue and vary each year).

(5)  If the aid is granted through multiple aid instruments, the aid amount shall be specified by instrument.

---

ANNEX III

Information to be provided by Member States pursuant to paragraph 208 of these guidelines

The report referred to in paragraph 208 of these Guidelines must include, for the relevant reporting period, and for each individual project implemented in application of an aid measure approved under these Guidelines, the following information:

| (a) | name of the aid beneficiary or beneficiaries; |
| --- | --- |

(a)

name of the aid beneficiary or beneficiaries;

| (b) | the total cost (or estimated total cost) of the project and average cost per premises passed; |
| --- | --- |

(b)

the total cost (or estimated total cost) of the project and average cost per premises passed;

| (c) | aid amount awarded and aid expenditure; |
| --- | --- |

(c)

aid amount awarded and aid expenditure;

| (d) | aid intensity; |
| --- | --- |

(d)

aid intensity;

| (e) | sources of public financing; |
| --- | --- |

(e)

sources of public financing;

| (f) | the coverage rates and numbers prior to and after the State intervention; |
| --- | --- |

(f)

the coverage rates and numbers prior to and after the State intervention;

| (g) | for projects supporting the deployment of broadband networks:






  (i) | date when the network was put in use; |
| --- | --- | --- |

(g)

for projects supporting the deployment of broadband networks:

(i)

date when the network was put in use;

| (ii) | technology deployed on the publicly funded network; |
| --- | --- |

(ii)

technology deployed on the publicly funded network;

| (iii) | upload and download speeds of services provided; |
| --- | --- |

(iii)

upload and download speeds of services provided;

| (iv) | wholesale access products offered, including conditions for access and prices/pricing methodology; |
| --- | --- |

(iv)

wholesale access products offered, including conditions for access and prices/pricing methodology;

| (v) | wholesale access products requested on reasonable demand, if applicable, and treatment of such requests; |
| --- | --- |

(v)

wholesale access products requested on reasonable demand, if applicable, and treatment of such requests;

| (vi) | number of access seekers and service providers using wholesale access products; |
| --- | --- |

(vi)

number of access seekers and service providers using wholesale access products;

| (vii) | retail prices before and after implementation of the measure; |
| --- | --- |

(vii)

retail prices before and after implementation of the measure;

| (viii) | number of premises passed by the publicly funded infrastructure; |
| --- | --- |

(viii)

number of premises passed by the publicly funded infrastructure;

| (ix) | take-up rates; |
| --- | --- |

(ix)

take-up rates;

| (h) | for project supporting take-up of broadband services, such as voucher schemes:






  (i) | duration of the aid measure; |
| --- | --- | --- |

(h)

for project supporting take-up of broadband services, such as voucher schemes:

(i)

duration of the aid measure;

| (ii) | voucher value(s); |
| --- | --- |

(ii)

voucher value(s);

| (iii) | type of eligible subscriptions/services, including in the form of customer devices, as well as in-building wiring and/or drop down cable within a private domain; |
| --- | --- |

(iii)

type of eligible subscriptions/services, including in the form of customer devices, as well as in-building wiring and/or drop down cable within a private domain;

| (iv) | take-up rates before and after implementation of the measure and the number of end-users having benefited from the aid measure (by category, for instance individual end-users or SMEs and by type of subscriptions/service supported); |
| --- | --- |

(iv)

take-up rates before and after implementation of the measure and the number of end-users having benefited from the aid measure (by category, for instance individual end-users or SMEs and by type of subscriptions/service supported);

| (v) | number of eligible broadband service providers; |
| --- | --- |

(v)

number of eligible broadband service providers;

| (vi) | number of broadband service providers that have actually benefited from the aid measure; |
| --- | --- |

(vi)

number of broadband service providers that have actually benefited from the aid measure;

| (vii) | evolution of the market position of operators by type of subscriptions/services supported, taking into account the relevant infrastructure and technologies (FTTH, FTTC, DOCSIS, FWA, etc.); |
| --- | --- |

(vii)

evolution of the market position of operators by type of subscriptions/services supported, taking into account the relevant infrastructure and technologies (FTTH, FTTC, DOCSIS, FWA, etc.);

| (viii) | wholesale and retail prices before and after implementation of the measure. |
| --- | --- |

(viii)

wholesale and retail prices before and after implementation of the measure.

---

ANNEX IV

Typical interventions for broadband support

In its case practice, the Commission has observed certain funding mechanisms used by several Member States to foster broadband deployment, which typically amount to State aid within the meaning of Article 107(1) of the Treaty. The following description of typical interventions models is illustrative and not exhaustive, as public authorities might develop different ways of supporting broadband deployment or deviate from the models described in the following paragraphs.

| 1. | Gap funding model: In the gap funding (1) model, Member States (2) support the deployment of fixed or mobile networks by awarding direct monetary grants or subsidies to broadband investors (3) to design, build, manage and commercially exploit a network, taking into account the relevant receipts and a reasonable profit. In the gap funding model, reasonable profit is determined as the rate of return on capital that would be required by an investor, taking into account the level of risk specific to the broadband sector and the type of services provided. The required rate of return on capital is typically determined by the weighted average cost of capital (WACC). In determining what constitutes a reasonable profit, Member States usually introduce incentive criteria relating, in particular, to the quality of service provided and gains in productive efficiency. Any rewards linked to productive efficiency gains are set at a level such as to allow balanced sharing of those gains between the broadband investor and the Member State or the end users. Under the gap funding model, the infrastructure built is usually fully owned by the aid recipient that bears the risks associated with building new infrastructure and attracting sufficient customers. |
| --- | --- |

1.

Gap funding model: In the gap funding (1) model, Member States (2) support the deployment of fixed or mobile networks by awarding direct monetary grants or subsidies to broadband investors (3) to design, build, manage and commercially exploit a network, taking into account the relevant receipts and a reasonable profit. In the gap funding model, reasonable profit is determined as the rate of return on capital that would be required by an investor, taking into account the level of risk specific to the broadband sector and the type of services provided. The required rate of return on capital is typically determined by the weighted average cost of capital (WACC). In determining what constitutes a reasonable profit, Member States usually introduce incentive criteria relating, in particular, to the quality of service provided and gains in productive efficiency. Any rewards linked to productive efficiency gains are set at a level such as to allow balanced sharing of those gains between the broadband investor and the Member State or the end users. Under the gap funding model, the infrastructure built is usually fully owned by the aid recipient that bears the risks associated with building new infrastructure and attracting sufficient customers.

| 2. | Support in kind model: Member States support fixed or mobile broadband deployment by putting at the disposal of broadband network operators existing or newly built infrastructures. This support takes many forms, with the most recurring being Member States providing broadband passive infrastructure by carrying out civil engineering works (for instance by digging up a road), by placing ducts or dark fibre or giving access to existing infrastructure (for instance ducts, poles or towers). |
| --- | --- |

2.

Support in kind model: Member States support fixed or mobile broadband deployment by putting at the disposal of broadband network operators existing or newly built infrastructures. This support takes many forms, with the most recurring being Member States providing broadband passive infrastructure by carrying out civil engineering works (for instance by digging up a road), by placing ducts or dark fibre or giving access to existing infrastructure (for instance ducts, poles or towers).

| 3. | Direct investment model: Member States build a fixed or mobile network and operate it directly through a branch of the public administration or via an in-house operator (4). The State-funded network is often operated as a wholesale-only network available to retail broadband services providers on a non-discriminatory basis. |
| --- | --- |

3.

Direct investment model: Member States build a fixed or mobile network and operate it directly through a branch of the public administration or via an in-house operator (4). The State-funded network is often operated as a wholesale-only network available to retail broadband services providers on a non-discriminatory basis.

| 4. | Concessionaire model: Member States finance the roll-out of a fixed or mobile broadband network, that remains in public ownership, whereas its operation is offered through a competitive selection procedure to an electronic communication provider to manage and commercially exploit it. The network may be run by a broadband network operator to provide only wholesale services or, alternatively, to provide both wholesale and retails services. |
| --- | --- |

4.

Concessionaire model: Member States finance the roll-out of a fixed or mobile broadband network, that remains in public ownership, whereas its operation is offered through a competitive selection procedure to an electronic communication provider to manage and commercially exploit it. The network may be run by a broadband network operator to provide only wholesale services or, alternatively, to provide both wholesale and retails services.

---

(1)  
  ‘Gap funding’ generally refers to the difference between investment costs and expected profits.

(2)  This includes any public authority.

(3)  The term ‘investors’ denotes undertakings or broadband network operators that invest in the construction and deployment of broadband infrastructures.

(4)  Commission Decision C(2011) 7285 final of 19 October 2011, case N 330/2010 — France – Programme national «Très Haut Débit» - Volet B (OJ C 364, 14.12.2011, p. 2), which covered various intervention modalities, inter alia one in which the collectivités territoriales can operate own broadband networks as a 'régie' operation.

---

Corrigenda

| 31.8.2023 | EN | Official Journal of the European Union | L 214/228 |
| --- | --- | --- | --- |

31.8.2023

EN

Official Journal of the European Union

L 214/228

---

Corrigendum to Commission Regulation (EC) No 1480/2004 of 10 August 2004 laying down specific rules concerning goods arriving from the areas not under the effective control of the Government of Cyprus in the areas in which the Government exercises effective control

(
  Official Journal of the European Union L 272 of 20 August 2004
  )

On page 7, in Annex I, title ‘Certification of the Turkish Cypriot Chamber of Commerce’:

for:

‘Council Regulation (EEC) No 2913/93’,

read:

‘Council Regulation (EEC) No 2913/92’.

On page 8, in Annex II, title ‘Declaration by the producer’:

for:

‘Council Regulation (EEC) No 2913/93’,

read:

‘Council Regulation (EEC) No 2913/92’.

---