The PZU Group has a portfolio of loan agreements and derivative transactions based on the USD LIBOR benchmark with maturities extending beyond September 2024. In respect of these loan agreements, the PZU Group is considering reaching out to the borrowers with a proposed annex in which any reference to the USD LIBOR benchmark will be removed. Some derivatives are registered with the Central Counterparty Clearing House, while the rest contain effective fallback clauses.

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6.8.3. GBP LIBOR
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6.8.5. Impact of the IBOR reform on hedge accounting