The benchmark referred to in point (c) of Article 136(2) of Regulation (EU) No 575/2013, shall be distinguished in:
(a)((a)) a long-run default rate benchmark for each credit quality step as set out in Table 1 of Annex I;
(b)((b)) a short-run default rate benchmark for each credit quality step as set out in Table 2 of Annex I.