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