sidsim

About

Username
sidsim
Joined
Visits
52
Last Active
Roles
Member

Comments

  • The discounting of maintenance expenses using the calculation from the new version of the paper is actually illustrated in the supporting Excel file for CIA.Duration. See sheet 'App A Sh4'.
    in MCT - Interest Rate Risk Sping 2016 Q 13 Comment by sidsim October 2019
  • Hi @graham, I was reading the original post in this thread, and it seems like the question was actually slightly different than what you answered. I don't think the problem is with subtracting expense allowance from the numerator vs adding it to the…
    in 2015 Fall 7 Comment by sidsim October 2019
  • Yes, that's how I understood those 3 exceptions. For the purposes of the exam, this discussion is probably irrelevant. They would not ask more than what is stated in the source text. But I think in practice it could be up to the interpretation of la…
    in Exceptions to the Trilogy Comment by sidsim August 2019
  • This makes sense, but then I don't understand why we should use AY 2015 reserve values in the calculation of investment income in part (a). Is it because we are assuming that average reserve for AY 2015 in CY 2015 is (0+5300)/2, so we can still earn…
    in 2016 Fall #14b - Excess (deficiency) amount Comment by sidsim July 2019