Both the SGEI Decision and the SGEI Framework refer to swap rates in the context of reasonable profit (Article 6(3) 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 applicable from 01.07.2026 till 31.12.2026
The swap rates applicable from 01.01.2026 till 30.06.2026
SGEI Swap rates applicable from 01.07.2025 till 31.12.2025
The swap rates applicable from 01.01.2025 till 30.06.2025
The swap rates applicable from 01.07.2024 to 31.12.2024
The swap rates applicable from 01.01.2024 to 30.06.2024
The swap rates applicable from 01.07.2023 to 31.12.2023
The swap rates applicable from 01.01.2023 to 30.06.2023
The swap rates applicable from 01.07.2022 to 31.12.2022
The swap rates applicable from 01.01.2022 to 30.06.2022
The swap rates applicable from 01.07.2021 to 31.12.2021
The swap rates applicable from 01.01.2021 to 30.06.2021
The swap rates applicable from 01.07.2020 to 31.12.2020
The swap rates applicable from 01.01.2020 to 30.06.2020
The swap rates applicable from 01.07.2019 to 31.12.2019
The swap rates applicable from 01.01.2019 to 30.06.2019
The swap rates applicable from 01.07.2018 to 31.12.2018
The swap rates applicable from 01.01.2018 to 30.06.2018
The swap rates applicable from 1.7.2017 to 31.12.2017
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 applicable from 1.1.2017 to 30.6.2017
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 applicable from 1.7.2016 to 31.12.2016
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 applicable from 1.7.2015 to 31.12.2015
Source: Own calculations, based on data provided by Bloomberg
The swap rates applicable 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 applicable from 1 July 2014 to 31 December 2014
Source: Own calculations, based on data provided by Bloomberg
The swap rates applicable 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 applicable from 1 July to 31 December 2013
Source: Own calculations, based on data provided by Bloomberg