Climate risk and Deficit: Difference between pages

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''Risk management''.
1. ''Pensions accounting.''


1.
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.


The risk of climate change occurring.


'''Example'''


2.
Pension liabilities = 100.  


The potential direct and indirect adverse effects resulting from climate change.
Pension assets = 90.
 
The deficit would be:
 
100 - 90
 
= 10. 
 
(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
 
 
2. More generally, any financial shortfall.




== See also ==
== See also ==
* [[Catastrophe bond]]
* [[Amortisation]]
* [[Climate change]]
* [[Fiscal deficit]]
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[FRS 17]]
* [[Event risk]]
* [[Funding level]]
* [[Investment risk]]
* [[Multicurrency cross-border pooling]]
* [[Paris Agreement]]
* [[Multicurrency one-country pooling]]
* [[Risk management]]
* [[Surplus]]
 
[[Category:Financial_risk_management]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

Revision as of 15:36, 21 March 2015

1. Pensions accounting.

The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.


Example

Pension liabilities = 100.

Pension assets = 90.

The deficit would be:

100 - 90

= 10.

(Not to be confused with the percentage funding level which in this example would be 90 / 100 = 90%.)


2. More generally, any financial shortfall.


See also