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Swap rate proxies for the purpose of the SGEI Decision and SGEI Framework

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 01.07.2023 to 31.12.2023 

SGEI_swap_rates_table_2023_July_December.jpg

 

 

The swap rates valid from 01.01.2023 to 30.06.2023 

SGEI_swap rates_table 2023 January till June.JPG


The swap rates valid from 01.07.2022 to 31.12.2022 

sgei_swap_rates_table2_2022


The swap rates valid from 01.01.2022 to 30.06.2022 

sgei_swap_rates_Jan_June_2022_en


The swap rates valid from 01.07.2021 to 31.12.2021 

SGEI_swap_rates_table_2_2021


The swap rates valid from 01.01.2021 to 30.06.2021

SGEI_swap_rates_table_1_2021.jpg


The swap rates valid from 01.07.2020 to 31.12.2020 

SGEI_swap_rates_table_2_2020.jpg


The swap rates valid from 01.01.2020 to 30.06.2020 

SGEI_swap_rates_table_1_2020.jpg


The swap rates valid from 01.07.2019 to 31.12.2019 

SGEI_swap_rates_table_2_2019.jpg


The swap rates valid from 01.01.2019 to 30.06.2019 

SGEI_swap_rates_table_1_2019.jpg


The swap rates valid from 01.07.2018 to 31.12.2018 

SGEI_swap_rates_table_2_2018.jpg


The swap rates valid from 01.01.2018 to 30.06.2018 

SGEI_swap_rates_table_1_2018.jpg


The swap rates valid from 1.7.2017 to 31.12.2017 

SGEI_swap_rates_table_9_2017.jpg

Source: Own calculations, based on data provided by Bloomberg
Swap rates are based on average of daily observations (px_mid) from 01.03.2017 to 31.05.2017 excluding non-trading days
For HRK, data are provided by Capital IQ as daily observations of last sale from 01.03.2017 to 31.05.2017


The swap rates valid from 1.1.2017 to 30.6.2017 

SGEI_swap_rates_table_8_2017.jpg

Source: Own calculations, based on data provided by Bloomberg
Swap rates are based on average of daily observations (px_mid) from 01.09.2016 to 30.11.2016 excluding non-trading days


The swap rates valid from 1.7.2016 to 31.12.2016 

SGEI_swap_rates_table_7_2016.jpg

Source: Own calculations, based on data provided by Bloomberg
Swap rates are based on average of daily observations (px_mid) from 01.03.2016 to 31.05.2016 excluding non-trading days
For HRK, data are provided by Capital IQ as daily observations of last sale from 01.03.2016 to 31.05.2016


The swap rates valid from 1.7.2015 to 31.12.2015 

SGEI_swap_rates_table_5_2015.jpg

Source: Own calculations, based on data provided by Bloomberg

 
The swap rates valid from 1.1.2015 to 30.6.2015

SGEI_swap_rates_table_4_2015.jpg

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

SGEI_swap_rates_table_3.jpg

Source: Own calculations, based on data provided by Bloomberg


The swap rates valid from 1 January to 30 June 2014 

SGEI_swap_rates_table_2.jpg

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

SGEI_swap_rates_table.jpg

Source: Own calculations, based on data provided by Bloomberg