KY3P and Model: Difference between pages

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imported>Doug Williamson
(Expand to explain the '3P' part.)
 
imported>Administrator
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''Anti money laundering''.
A representation of a real situation using a selected set of simplifying assumptions and relationships.  
 
'KY3P' refers to knowledge and understanding of third-party risk in relation to transactions, especially - but not only - financial transactions.
 
The term derives from '''K'''now '''Y'''our '''3P''' (third party).
 
 
The term KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC.
 
Third parties would include, for example, suppliers as well as customers.


In finance, financial models are widely used as tools for valuation and to support financial decisions.
An important benefit of well-structured financial models is to facilitate sensitivity analysis.


== See also ==
== See also ==
* [[Money laundering]]
* [[Financial model]]
* [[Know-your-customer]]
* [[Modelling]]
* [[PEP]]
* [[Scenario analysis]]
 
* [[Sensitivity analysis]]
 
* [[Stress test]]
=== Other resources ===


[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]

Revision as of 14:20, 23 October 2012

A representation of a real situation using a selected set of simplifying assumptions and relationships.

In finance, financial models are widely used as tools for valuation and to support financial decisions. An important benefit of well-structured financial models is to facilitate sensitivity analysis.

See also