> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# SBM risk charge (reference scenario)

<Badge color="gray" size="lg">[sbm](./sbm-correlation-scenario)</Badge>

|                 |                                                                                                                                           |
| --------------- | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The sensitivities based risk charge, for the reference level correlation scenario                                                         |
| **Variations**  | [netted](./netted), [reported](./reported)                                                                                                |
| **Reference**   | [\[MAR21.7\]](https://www.bis.org/basel_framework/chapter/MAR/21.htm?inforce=20230101\&published=20200327#paragraph_MAR_21_20230101_21_7) |

This measure is similar to **SBM Risk Charge**, however the correlation scenario (low/medium/high) is selected at the reference level.