Article 36 3

(a)

on a sample of transactions, require the institution to calculate and reconcile the changes in the end-of-day value as resulting from the end-of-day valuation process, the actual changes, and the hypothetical changes;

(b)

on a sample of transactions, require the institution to calculate the hypothetical changes and the risk-theoretical changes, and verify whether the effect of the passage of time is captured consistently;

(c)

compare the profile of the cumulative hypothetical changes to the portfolio’s value over a given period of time and the corresponding cumulative actual changes over the same period to assess the plausibility of the calculations performed by the institution.