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Consolidation: Selection

Valuation Method

Select from the drop-down list which of the Valuation Method was used in the runs to be Consolidated.

Capped Accrued Benefits

Control Period

Insured Benefits in Normal Cost

Target Accrued Benefit

Valuation Date

Interpolated Exact Age Runs

ALM/LDI Interface

New Entrant Model Replacement

Consolidated Analysis of Surplus

Previous Valuation Date

Select the parameters to determine which runs are available for consolidation. The selections are:

  • Valuation Date - runs can only be consolidated if they have the same valuation date
  • Control Period - when using the Projected Unit Credit and Unit Credit runs, then only runs with the same Control Period can be consolidated
  • ALM/LDI Interface -
  • Insured Benefits in Normal Cost - when using the Projected Unit Credit and Unit Credit runs, only runs with the same Insured Benefits in Normal Cost selection can be consolidated. For these methods, the Insured Benefits in Normal Cost selection is made as a parameter of the valuation run
  • Consolidate Analysis of Surplus -
  • Target Accrued Benefit - if required, only runs in which accrued benefit calculations have been made will be displayed otherwise all runs (satisfying the other criteria) will be displayed
  • New Entrant Model Replacement - If this required, the available New Entrant Model Replacement runs will also be displayed.

runslist

Select from the dialog box the Saved Valuation Runs that you to Consolidated.

The user can right click on the Run description to open a copy of the Scheme Basis File in the Browser window which will enable the user to confirm the correct runs are being consolidated.

Use QSM Settings

User can select the parameters that are suitable for Quick Scenario Modelling i.e. selecting this button will set ALM/LDI Interface to "Exclude Left Servce" and tick "Retain Category Splits in Database"

Run

Click the Run button to run the calculations.

SaveAs

Click the Save As button to save with a new file name.

Save

Clicking on the Save button allows you to save the entries.

Quit

Clicking on the Quit button allows you to exit without saving any of your changes.

In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.

From the Browser, the Quit button will take you to a graphical display of the results.