What Is the Correct Interpretation of a EUR 5,000,000

Multiple Choice

What is the correct interpretation of a EUR 5,000,000.00 one-week VaR figure with a 99% confidence level?

A) A loss of at least EUR 5,000,000.00 can be expected in 99 out of the next 100 weeks.
B) A loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.
C) A loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 days.
D) A loss of at least EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.