Commission Delegated Regulation (EU) 2016/101 Article 16

Calculation of early termination AVA

Article 16

Institutions shall estimate an early termination AVA considering the potential losses arising from non-contractual early terminations of client trades. The early termination AVA shall be calculated taking into account the percentage of client trades that have historically terminated early and the losses that arise in those cases.

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Other provisions in CHAPTER III — CORE APPROACH FOR THE DETERMINATION OF AVAs

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 16 of Commission Delegated Regulation (EU) 2016/101 (LawPlayer, data as of 2026-07-04)

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