> ## 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.

# VaR 97.5

<Badge color="gray" size="lg">[model\_eligibility](../tags/model_eligibility)</Badge>

|                 |                                                                                                                                           |
| --------------- | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The desk level 1-day Value-at-risk with 97.5% confidence level                                                                            |
| **Reference**   | [\[MAR32.4\]](https://www.bis.org/basel_framework/chapter/MAR/32.htm?inforce=20230101\&published=20200327#paragraph_MAR_32_20230101_32_4) |

The measures represents individual desks as well as higher-level VaR time series, in particular "ALL-IMA" level.