From 7760251eff47cfa7582a9242a37e92d9bacdf32f Mon Sep 17 00:00:00 2001 From: nnikolopoulos Date: Wed, 5 Jul 2023 10:13:03 +0200 Subject: [PATCH 1/2] Explanation of treatment of CDR in 4ImportScope-TechnicalMargin --- ifrs17/Import/4ImportScope-TechnicalMargin.ipynb | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb b/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb index 971435b4..a26781ae 100644 --- a/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb +++ b/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb @@ -167,7 +167,7 @@ "\n# Technical Margin", "\n", "\nFor the computation of the $CSM$ or $LC$ component values for each step of the [AoC Step Structure](#aoc-step-structure), it is convenient to introduce the ", - "\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values.", + "\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values. Not all amount types from Best Estimate present values are included in the calculation of TM: Non-Attributable Expenses are excluded. For Reinsurance current Credit Default Rate and Attributable Expenses are excluded. The Credit Default Rate is included considering the locked-in parameters (valid at the first year of validity of the Group of Reinsurance Contracts) for [Partner rating](../DataModel/DataStructure#partner-rating) and [Credit default rate](../DataModel/DataStructure#credit-default-rate).", "\n", "\nThis can be summarized as follows:", "\n", From 74e730670b3dfc8b95d9e22821b71e66365b5eb6 Mon Sep 17 00:00:00 2001 From: nnikolopoulos Date: Wed, 5 Jul 2023 10:28:19 +0200 Subject: [PATCH 2/2] Feedback --- ifrs17/Import/4ImportScope-TechnicalMargin.ipynb | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb b/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb index a26781ae..c34fe183 100644 --- a/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb +++ b/ifrs17/Import/4ImportScope-TechnicalMargin.ipynb @@ -167,7 +167,7 @@ "\n# Technical Margin", "\n", "\nFor the computation of the $CSM$ or $LC$ component values for each step of the [AoC Step Structure](#aoc-step-structure), it is convenient to introduce the ", - "\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values. Not all amount types from Best Estimate present values are included in the calculation of TM: Non-Attributable Expenses are excluded. For Reinsurance current Credit Default Rate and Attributable Expenses are excluded. The Credit Default Rate is included considering the locked-in parameters (valid at the first year of validity of the Group of Reinsurance Contracts) for [Partner rating](../DataModel/DataStructure#partner-rating) and [Credit default rate](../DataModel/DataStructure#credit-default-rate).", + "\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values. Not all amount types from Best Estimate present values are included in the calculation of TM: Non-Attributable Expenses are excluded. For Reinsurance current Credit Default Rate is excluded. The Credit Default Rate is included considering the locked-in parameters (valid at the first year of validity of the Group of Reinsurance Contracts) for [Partner rating](../DataModel/DataStructure#partner-rating) and [Credit default rate](../DataModel/DataStructure#credit-default-rate).", "\n", "\nThis can be summarized as follows:", "\n",