Austrian Economic Chamber

We do not consider Credit Value adjustments relevant for the market risk charge since it is
covered by a separate CVA charge. Bid/Ask adjustment is sensitive to the market liquidity of
the instrument, but this risk is covered by the Prudent Valuation adjustment which is
deducted from CET1.
We do not see any additional adjustments in the fair value of a financial instrument which we
consider as market risk sensitive.
We support the ISDA/IIF proposal.
We support the ISDA/IIF proposal.
We support the ISDA/IIF proposal.
Based on the survey which was published by ISDA/IIF there is already some kind of market
standard how margins and day-one profits/losses are taken into account in the end-of-day
valuation process, in the actual P&L and in the hypothetical P&L.
We support the ISDA/IIF proposal.
We support the ISDA/IIF proposal.
We support the ISDA/IIF proposal.
We support the ISDA/IIF proposal.
Dr. Franz Rudorfer
A