PET - Plain English Taxonomy

Label: Financial Risk Market IRRBB Capital Requirement Diversification Benefit Between Currencies On Basis Risk Amount
TREF ID: DE8129
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: debit
Business Description & Guidance:
This is the value, as at the relevant date, of assumed diversification benefits between currencies for the estimated basis risk. This amount will reduce the reporting party's total IRRBB capital requirement, as determined in accordance with relevant prudential standards.IRRBB capital requirement represents the regulatory capital that an entity is required to hold against its exposure to IRRBB in accordance with Prudential Standards.Basis risk represents the risk of loss in earnings or economic value arising from differences between the actual and expected interest margins on banking book items, where 'margin' means the difference between the interest rate on the items and the implied cost of funds for those items. 

Usage
Form Labels
Label:
IRRBB Capital Requirement - Internal Model - Diversification Benefit Amount (between currencies) - Basis Risk