European Union and Matching: Difference between pages

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(EU).  
1.  


An economic and political union currently consisting of 28 European member states.
Arranging that in a portfolio of assets and liabilities the cash flows generated by the assets can be expected to meet the liability payouts either because (1) the assets generate income of the right amount at the right time or (2) because the market values of the assets are linked to (positively correlated with) the market values of the liabilities.


The current members are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,  Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom (UK).


2.


====Brexit====
Equalising or approximating the modified duration of assets and liabilities in a portfolio, to manage interest rate risk.
A referendum in the UK in June 2016 resulted in a vote for the UK to begin the process of leaving the EU.  




====Areas of work====
3.
The three areas which form the union are:


*The European Community
Equalising or approximating both the modified duration and the modified convexity of assets and liabilities in a portfolio.
*Common Foreign and Security Policy
*Police and Judicial co-operation in Criminal Matters




====EU law====
4. ''Financial reporting''
The legislature of the EU includes the European Parliament, the Council of the European Union and the European Commission.


The EU's judicial bodies are the European Court of Justice which includes the General Court and the Court of Auditors.
The Accruals concept in accounting.




== See also ==
== See also ==
* [[Brexit]]
* [[Accruals concept]]
* [[BUL]]
* [[Correlation]]
* [[CEBR]]
* [[Diversification]]
* [[Direct effect]]
* [[Immunisation]]
* [[Directive]]
* [[Interest rate risk]]
* [[Economic and Financial Affairs Council]]
* [[Modified convexity]]
* [[EMIR]]
* [[Modified duration]]
* [[euro zone]]
* [[Portfolio immunisation]]
* [[European Commission]]
 
* [[European Community ]]
[[Category:Manage_risks]]
* [[European Council]]
* [[European Economic and Monetary Union]]
* [[European Economic Area]]
* [[European Investment Bank]]
* [[European Parliament]]
* [[NATO]]
* [[Official Journal of the European Union]]
* [[Regulation]]
* [[Schengen Area]]
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Revision as of 11:26, 10 September 2020

1.

Arranging that in a portfolio of assets and liabilities the cash flows generated by the assets can be expected to meet the liability payouts either because (1) the assets generate income of the right amount at the right time or (2) because the market values of the assets are linked to (positively correlated with) the market values of the liabilities.


2.

Equalising or approximating the modified duration of assets and liabilities in a portfolio, to manage interest rate risk.


3.

Equalising or approximating both the modified duration and the modified convexity of assets and liabilities in a portfolio.


4. Financial reporting

The Accruals concept in accounting.


See also

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