General provisions
Article 43
The rates of the basic risk-free interest rate term structure shall meet all of the following criteria: (a) insurance and reinsurance undertakings are able to earn the rates in a risk-free manner in practice; (b) the rates are reliably determined based on financial instruments traded in a deep, liquid and transparent financial market. The rates of the relevant risk-free interest rate term structure shall be calculated separately for each currency and maturity, based on all information and data relevant for that currency and that maturity. They shall be determined in a transparent, prudent, reliable and objective manner that is consistent over time.