Examples of using Internal model in English and their translations into Swedish
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Ecclesiastic
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Official/political
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Computer
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Programming
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Political
The adaptations to be made to the standards set out in Articles 120 to 125 in order to take account of the limited scope of the application of the partial internal model.
Documentation standards Insurance and reinsurance undertakings shall document the design and operational details of their internal model.
the procedure to be followed for the approval of an internal model;
allow the partial internal model to be fully integrated into the Solvency Capital Requirement standard formula.
This means that institutions shall demonstrate that the internal model is sensitive to material idiosyncratic differences between similar
The internal model design of each component module is for the purpose of generality,
The procedures to approve major changes to an internal model and changes to the policy for changing an internal model referred to in Article 115;
One is to ensure that the position of each moving part is consistent with the motion-control algorithm's internal model.
Having regard to the July 2017 draft version of the ECB's guide to on-site inspections and internal model investigations.
(b) the approval of major changes to an internal model and changes to the policy for changing an internal model referred to in Article 115.
reinsurance undertakings shall submit, as a minimum, documentary evidence that the internal model meets the requirements set out in Articles 117 to 122.
The institution may choose to exclude from the calculation of its specific risk capital requirement using an internal model those positions for which it meets a capital requirement for position risks according to point 16a of Annex I.
The risk oriented approach of the proposed directive implies that an internal model(either partial of full)
This document will serve as a basis for the materiality assessment of extensions and changes to the internal model method(IMM) and the advanced method for calculating credit valuation adjustment risk(A-CVA).
(d) the way in which a partial internal model shall be fully integrated into the Solvency Capital Requirement standard formula referred to in Article 113(1)(c) and requirements for the use of alternative integration techniques.
Where back testing reveals shortcomings in a firm's internal model which are not so serious as to call into question the basic integrity of the model
Use test Insurance and reinsurance undertakings shall demonstrate that the internal model is widely used in
Insurance and reinsurance undertakings belonging to a group should be able to apply for the approval of an internal model to be used for the solvency calculation at both group
Where backtesting reveals shortcomings in a firm's internal model which are not so serious as to call into question the basic integrity of the model
reinsurance undertakings shall derive the Solvency Capital Requirement directly from the probability distribution forecast generated by the internal model of those undertakings, using the Value-at-Risk measure set out in Article 1003.