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State Aid control

Legislation > Services of General Economic Interest (SGEI)
> Swap rate proxies

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 in the grid below are valid from 1 July 2014 to 31 December 2014.


Source: Own calculations, based on data provided by Bloomberg

The swap rates in the grid below were valid from 1 January to 30 June 2014.

*Latvia joined the Eurozone on 1.1.2014


Source: Own calculations, based on data provided by Bloomberg

The swap rates in the grid below are valid from 1 July to 31 December 2013.


Source: Own calculations, based on data provided by Bloomberg

More about Services of General Economic Interest

Background information, the Altmark judgement, reports by EU Member States, frequently asked questions on the application of State aid rules to SGEIs.

Legislation in force

  
See also: Legislation on reference/discount rates and recovery rates State aid Legislation