PET - Plain English Taxonomy

Label: Financial Risk Market VaR For Date Of Third Largest Daily Loss Amount
TREF ID: DE8054
Data Type: xbrli:monetaryItemType
Period Type: duration
Balance Type: debit
Business Description & Guidance:
This is the value at risk (VaR), calculated as at the business day preceding the date the third largest daily loss was experienced by the reporting party over the relevant period due to market movements.VaR is a technique used to estimate the likelihood of losses in a portfolio based on analysis of historical price movements and volatilities.For the purposes of this item the amount reported is the 99% one-day VaR number calculated as at the previous business day. 

Usage
Form Labels
Label:
Internal Model Method - Value-at-risk Method - VaR on Date of the Third Largest Daily Loss Over the Quarter