Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3 Tier 1 ratio: Tier 1 capital as related to the risk-weighted assets. Transfer risk: Transfer risk relates to the possibility of foreign governments placing restrictions on funds transfers from debtors in their own country to creditors in other countries. Value at Risk (VaR): Value at Risk (VaR) is used in calculating market risk, indicating the maximum loss to be incurred for a given confidence level and horizon and based on 'normal' market conditions and on one year of historical market trends. For day-to-day control, a confidence level of 97.5% and 1 -day horizon are applied. 406 Rabobank Annual Report 2015

Rabobank Bronnenarchief

Annual Reports Rabobank | 2015 | | pagina 407