Glossary
Looking for the right term then try the glossary:
| Term | Definition | Legal instruments |
|---|---|---|
|
cost-of-capital rate 31/12/2020 |
THIS DEFINITION ONLY APPLIES TO THE TECHNICAL PROVISIONS PART
The changes to this defined term are effective from 23:00 on 31/12/2020. means the rate (above the relevant risk-free interest rate) that must be used in the determination of the cost that a UK Solvency II firm would incur in order to hold an amount of eligible own funds equal to the SCR necessary to support the insurance and reinsurance obligations over their lifetime, as specified in the Solvency II Regulations. |
Instruments |