Prudential prescriptions for each class of participants may be decided by the respective regulator within the broad policy framework but it makes systemic monitoring possible. 2  Risky PV01 represents the value change (Present Value Impact) of the CDS when the spread moves by 1 basis point.
These include: 1) that domestic wages are rigid downward (especially the mandated minimum and related benefits); 2) El Nino is projected to be prolonged, and may likely intensify; and 3) that potential economic output is estimated at around 5.5 to 6.5 pct. Current actual (1H 2015) output is at a respectable 5.3 pct. In other words, there are countervailing factors against low oil prices.