2024 SFCR Report
note that in Q2 2024 a rebalancing exercise was performed moving government bonds into corporate bonds in order to realize additional returns. In addition, throughout the year, exposures in ICAV decreased through disposals of units in Trade Finance... rebalancing exercise performed by the Company in 2024, moving government bonds into corporate bonds also caused an increase in the market risk and thus the Solvency Capital Requirements. The absolute MCR increased in line with the SCR from €46m to €57m