• A clearly specified methodology for deriving the Ultimate Forward Rate (UFR) is a legal requirement
• The principles of the methodology are defined in the Solvency II legislation
• The methodology will be applied for the first time at the beginning of 2018
• In line with the methodology, the calculated value of the UFR for the euro is 3.65%
• Annual changes to the Ultimate Forward Rate will not be higher than 15 basis points
• The Ultimate Forward Rate applied to the euro will therefore decrease in 2018 from 4.2% to 4.05%

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