Division 4 F1

For portfolios defined with a specific rating grade in Annex I, information on the probability of default ( ‘ PD ’ ) shall be reported for the entire rating scale used by the institution, even where no internal-ratings-based ( ‘ IRB ’ ) exposure exists for the respective portfolio at the reporting reference date for each rating grade. In such cases, the exposure at default ( ‘ EAD ’ ) shall be reported as zero and information on the other columns shall not be submitted.