{
  "url": "https://openlegislation.uk/eu-regulation-2016-101/article-16",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-101/article-16.json",
  "legislation": "eur/2016/101",
  "legislation_title": "Commission Delegated Regulation (EU) 2016/101 of 26 October 2015 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for prudent valuation under Article 105(14) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-101",
  "path": "article/16",
  "kind": "article",
  "number": "16",
  "heading": "Calculation of early termination AVA",
  "text": "Institutions shall estimate an early termination AVA considering the potential losses arising from non-contractual early terminations of client trades. The early termination AVA shall be calculated taking into account the percentage of client trades that have historically terminated early and the losses that arise in those cases.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/101/article/16",
    "retrieved_at": "2026-10-31T17:50:32.419811+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}