Kleinsölker Gemeinde-Nachrichten - martyria.de

2. Risque de marchéLes hypothèses sous-jacentes au module de risque de marché peuvent êtresynthétisées comme suit :La sensibilité des actifs et des passifs aux changements de volatilité desparamètres de marché n’est pas significative.Market risk arises from the level or volatility of market prices of financialinstruments. In the market risk module, exposure to market risk is measured bythe impact of movements in the level of financial variables, such as equity prices,interest rates, yield spreads, property prices, and exchange rates. It is assumedthat the sensitivity of assets and liabilities to changes in the volatility of themarket parameters is not material. An assumption in the market risk module isthat assets that are allocated to policies where the policyholder bears theinvestment risk are excluded from the module only to the extent that the risk ispassed on to policyholders.13/77