in 2018 the standard parameters to be used when calculating the concentration risk sub-module and the spread risk sub-module in accordance with the standard formula shall be reduced by 80 % in relation to exposures to Member States' central governments or central banks denominated and funded in the domestic currency of any other Member State;

in 2019 the standard parameters to be used when calculating the concentration risk sub-module and the spread risk sub-module in accordance with the standard formula shall be reduced by 50 % in relation to exposures to Member States' central governments or central banks denominated and funded in the domestic currency of any other Member State;

until 31 December 2017 the standard parameters to be used when calculating the concentration risk sub-module and the spread risk sub-module in accordance with the standard formula shall be the same in relation to exposures to Member States' central governments or central banks denominated and funded in the domestic currency of any Member State as the ones that woul ...[+++]d be applied to such exposures denominated and funded in their domestic currency;

the methods, assumptions and standard parameters to be calibrated to the confidence level referred to in Article 101(3) and to be used when calculating each of the risk modules or sub-modules of the basic Solvency Capital Requirement laid down in Articles 104, 105 and 304, the symmetric adjustment mechanism and the appropriate period of time, expressed in the number of months, as referred to in Article 106, and the appropriate approach for integrating the method referred to in Article 304 in the Solvency Capital Requirement as calcula ...[+++]ted in accordance with the standard formula;

Ms. Nicole Demers (Laval, BQ): Mr. Speaker, Artopex, a Laval-based furniture manufacturer, has acquired Standard Desk of Laval, which makes high-quality wooden office furniture, the only product missing from Artopex's line-up.

1. Criteria and scope of the modulation mechanism There are four types of product: - very sensitive products, basically textiles and ferro-alloys, for which the modulated preferential duty will be 85% of the CCT duty normally applied (Annex I, part 1); - sensitive products, incorporating a wide range of products from chemicals to shoes, electronics, cars and brushes, for which the modulated preferential duty will be 70% of the CCT duty (Annex I, part 2); - semi-sensitive products, also very diverse, for which the modulated preferential duty will be 35% of the CCT duty (Annex I, part 3); - non-sensitive products, which will be complete ...[+++]ly exempt from customs duty (Annex I, part 4).