Both the SGEI Decision and the SGEI Framework refer to swap rates in the context of reasonable profit (Article 5(7) of the SGEI Decision and paragraphs 36 and 38 of the SGEI Framework). The Commission has committed to provide an online instrument for public authorities to easily determine the relevant swap rates. The grids below contain these swap rates for the indicated time periods. The following note provides a technical explanation of the calculation of the swap rates.
To calculate the safe-harbour profit benchmark a premium of 100 bps has to be added to the relevant swap rate.
| The swap rates valid from 01.07.2022 to 31.12.2022 |
| The swap rates valid from 01.01.2022 to 30.06.2022 |
| The swap rates valid from 01.07.2021 to 31.12.2021 |
| The swap rates valid from 01.01.2021 to 30.06.2021 |
| The swap rates valid from 01.07.2020 to 31.12.2020 |
| The swap rates valid from 01.01.2020 to 30.06.2020 |
| The swap rates valid from 01.07.2019 to 31.12.2019 |
| The swap rates valid from 01.01.2019 to 30.06.2019 |
| The swap rates valid from 01.07.2018 to 31.12.2018 |
| The swap rates valid from 01.01.2018 to 30.06.2018 |
| The swap rates valid from 1.7.2017 to 31.12.2017 Source: Own calculations, based on data provided by Bloomberg |
| The swap rates valid from 1.1.2017 to 30.6.2017 Source: Own calculations, based on data provided by Bloomberg |
| The swap rates valid from 1.7.2016 to 31.12.2016 Source: Own calculations, based on data provided by Bloomberg |
| The swap rates valid from 1.7.2015 to 31.12.2015 Source: Own calculations, based on data provided by Bloomberg |
| The swap rates valid from 1.1.2015 to 30.6.2015 Source: Own calculations, based on data provided by Bloomberg * Lithuania joins the Eurozone as from 1.1.2015 |
| The swap rates valid from 1 July 2014 to 31 December 2014 Source: Own calculations, based on data provided by Bloomberg |
| The swap rates valid from 1 January to 30 June 2014 Source: Own calculations, based on data provided by Bloomberg * Latvia joined the Eurozone on 1.1.2014 |
| The swap rates valid from 1 July to 31 December 2013 Source: Own calculations, based on data provided by Bloomberg |