Matching and Member: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Re-order definitions.)
 
Line 1: Line 1:
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 the assets generate income of the right amount at the right time or because the market values of the assets are linked to the market values of the liabilities.
1. ''Company law.''


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


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


4. The Accruals concept in accounting.
2. ''Mutual organisations''.
 
A retail customer of a mutual organisation, such as a building society.
 
 
3.
 
More generally, a participant in a closed group of some kind.
 
For example, a member-administered closed user group (MA-CUG).
 
 
4. ''Pensions.''
 
A beneficiary under an occupational pension scheme.
 
 
Pension scheme members may be:
 
*''Active'' (still accruing benefits by virtue of current service); or
 
*''Deferred'' (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or
 
*''Pensioners'' (currently receiving benefits).  This third category will also usually include widows and other dependants of former members.
 


== See also ==
== See also ==
* [[Accruals concept]]
* [[Building society]]
* [[Immunisation]]
* [[Company]]
* [[Interest rate risk]]
* [[Maturity]]
* [[Modified convexity]]
* [[Member-administered closed user group]]
* [[Modified duration]]
* [[Mutual]]
* [[Portfolio immunisation]]
* [[Occupational pension scheme]]
* [[Pensioner]]
* [[Pensions Ombudsman]]
* [[Separate personality principle]]
* [[Shareholders]]


[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]

Revision as of 18:45, 18 December 2020

1. Company law.

In relation to a company, a shareholder.


2. Mutual organisations.

A retail customer of a mutual organisation, such as a building society.


3.

More generally, a participant in a closed group of some kind.

For example, a member-administered closed user group (MA-CUG).


4. Pensions.

A beneficiary under an occupational pension scheme.


Pension scheme members may be:

  • Active (still accruing benefits by virtue of current service); or
  • Deferred (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or
  • Pensioners (currently receiving benefits). This third category will also usually include widows and other dependants of former members.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Matching&oldid=32322’