From e4b2ac68e2774678ad3568555293cf7655b8e510 Mon Sep 17 00:00:00 2001 From: Sara Colella Date: Fri, 13 Jan 2023 14:37:34 +0100 Subject: [PATCH 1/3] change in documentation --- ifrs17/DataModel/DataStructure.ipynb | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/ifrs17/DataModel/DataStructure.ipynb b/ifrs17/DataModel/DataStructure.ipynb index 4b0aeb58..7bd619f2 100644 --- a/ifrs17/DataModel/DataStructure.ipynb +++ b/ifrs17/DataModel/DataStructure.ipynb @@ -1116,7 +1116,9 @@ "\n", "\nThe Yield Curve values must be entered with **yearly** granularity, i.e. every value corresponds to the rate of the whole year starting from the year entered in column Year. The last value is considered valid also for the following years (for which no value has been provided). ", "\n", - "\nWhen the current Yield Curve must be used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used." + "\nAccording to the [Valuation Approach](#'valuation-approach') in place the Name of Yield Curves plays also a role in the choice of the Yield Curve associated to each data node. For example for the Current Yield Curves in case of VFA. ", + "\n", + "\nWhen the Current Yield Curve of the current Period must be used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used. Instead, for both the locked Yield Curve and the Current Yield Curve of the previous Period, the Year to Date logic in applied." ], "metadata": {}, "execution_count": 0, From 6c68989a53718fdaed039302b03974fc2cc4036d Mon Sep 17 00:00:00 2001 From: Davide Colleoni Date: Fri, 13 Jan 2023 16:04:14 +0100 Subject: [PATCH 2/3] yc query logic description --- ifrs17/DataModel/DataStructure.ipynb | 4 +--- 1 file changed, 1 insertion(+), 3 deletions(-) diff --git a/ifrs17/DataModel/DataStructure.ipynb b/ifrs17/DataModel/DataStructure.ipynb index 7bd619f2..6428efa8 100644 --- a/ifrs17/DataModel/DataStructure.ipynb +++ b/ifrs17/DataModel/DataStructure.ipynb @@ -1116,9 +1116,7 @@ "\n", "\nThe Yield Curve values must be entered with **yearly** granularity, i.e. every value corresponds to the rate of the whole year starting from the year entered in column Year. The last value is considered valid also for the following years (for which no value has been provided). ", "\n", - "\nAccording to the [Valuation Approach](#'valuation-approach') in place the Name of Yield Curves plays also a role in the choice of the Yield Curve associated to each data node. For example for the Current Yield Curves in case of VFA. ", - "\n", - "\nWhen the Current Yield Curve of the current Period must be used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used. Instead, for both the locked Yield Curve and the Current Yield Curve of the previous Period, the Year to Date logic in applied." + "\nDuring calculation, the Yield Curve are retrieved from the DataSource. The Yield Curve Name defined for each group-of-contracts will be used to match the Name of the Yield Curve to be considered. This occurs only for the curve that is used in the computation of the Contractual Service Margin (locked-in for BBA valuation approach, current otherwise). The calculation engine allows the update of the locked-in curve during the entire inception year of the group-of-contracts. When the locked-in Yield Curve is used, the latest Yield Curve available in the system with Year earlier or equal to the inception Year of the group-of-contracts will be used. When the current Yield Curve is used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used." ], "metadata": {}, "execution_count": 0, From 2d278ca381aa6f76c05008a65e9a3ab35f48c7ed Mon Sep 17 00:00:00 2001 From: Davide Colleoni Date: Fri, 13 Jan 2023 16:08:36 +0100 Subject: [PATCH 3/3] indent --- ifrs17/DataModel/DataStructure.ipynb | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ifrs17/DataModel/DataStructure.ipynb b/ifrs17/DataModel/DataStructure.ipynb index 6428efa8..46802a93 100644 --- a/ifrs17/DataModel/DataStructure.ipynb +++ b/ifrs17/DataModel/DataStructure.ipynb @@ -1116,7 +1116,7 @@ "\n", "\nThe Yield Curve values must be entered with **yearly** granularity, i.e. every value corresponds to the rate of the whole year starting from the year entered in column Year. The last value is considered valid also for the following years (for which no value has been provided). ", "\n", - "\nDuring calculation, the Yield Curve are retrieved from the DataSource. The Yield Curve Name defined for each group-of-contracts will be used to match the Name of the Yield Curve to be considered. This occurs only for the curve that is used in the computation of the Contractual Service Margin (locked-in for BBA valuation approach, current otherwise). The calculation engine allows the update of the locked-in curve during the entire inception year of the group-of-contracts. When the locked-in Yield Curve is used, the latest Yield Curve available in the system with Year earlier or equal to the inception Year of the group-of-contracts will be used. When the current Yield Curve is used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used." + "\nDuring calculation, the Yield Curve are retrieved from the DataSource. The Yield Curve Name defined for each group-of-contracts will be used to match the Name of the Yield Curve to be considered. This occurs only for the curve that is used in the computation of the Contractual Service Margin (locked-in for BBA valuation approach, current otherwise). The calculation engine allows the update of the locked-in curve during the entire inception year of the group-of-contracts. When the locked-in Yield Curve is used, the latest Yield Curve available in the system with Year earlier or equal to the inception Year of the group-of-contracts will be used. When the current Yield Curve is used in the calculation, the latest Yield Curve available in the system with Year and Month earlier or equal to Year and Month of the closing period will be used." ], "metadata": {}, "execution_count": 0,