Matching-Reference-Cited by-同舟云学术

Matching

Published:1989-12 Issue:3 Volume:116 Page:529-535
ISSN:0020-2681
Container-title:Journal of the Institute of Actuaries
language:en
Short-container-title:J. Inst. Actuar.

Author:

Wise A. J.

Abstract

1.1 The basic task of actuarial valuation is to compare the quantity of assets with the quantity of liabilities. A refinement is to compare qualities as well as quantities.1.2 The qualities of assets and liabilities are their characteristics of cash flow, duration, growth, price volatility, etc. This note considers a conceptual and mathematical framework for matching in the most general terms.1.3 Insurance work in the United Kingdom uses the notion of reserves for mismatching. Pension fund valuations in the U.K. also tend to use a notion of matching when considering the actuarial value placed on the fund.

Publisher

Cambridge University Press (CUP)

Reference5 articles.

1. Portfolio Selection in the Presence of Fixed Liabilities: a Comment on the Matching of Assets to liabilities;Wilkie;J.I.A.,1985

2. A Theoretical Analysis of the Matching of Assets to Liabilities;Wise;J.I.A.,1984

3. Matching and Portfolio Selection;Wise;J.I.A.,1987

4. The Matching of Assets to Liabilities.;Wise;J.I.A.,1984

5. Matching and Portfolio Selection;Wise;J.I.A.,1987

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