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PIN 5.5.3

For the purposes of determining the net present value of expected future receipts in accordance with PIN Rule 5.4.11, an Insurer must use as a discount rate the gross redemption yield, as at the Solvency Reference Date, of a portfolio of AAA-Rated sovereign risk securities with a similar expected payment profile to the asset being measured.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]