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dcolleoni merged 2 commits into from
Jul 6, 2023
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Explanation of Treatment of CDR in Technical Margin #341

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Explanation of treatment of CDR in 4ImportScope-TechnicalMargin
Jul 5, 2023
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2 changes: 1 addition & 1 deletion ifrs17/Import/4ImportScope-TechnicalMargin.ipynb
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Expand Up @@ -167,7 +167,7 @@
"\n# Technical Margin",
"\n",
"\nFor the computation of the $CSM$ or $LC$ component values for each step of the [AoC Step Structure](#aoc-step-structure), it is convenient to introduce the ",
"\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values.",
"\nnotion of technical margin $TM$. In the case of BBA methodology, the Locked-in interest rates discounting is applied to obtain the PV and RA values. Not all amount types from Best Estimate present values are included in the calculation of TM: Non-Attributable Expenses are excluded. For Reinsurance current Credit Default Rate is excluded. The Credit Default Rate is included considering the locked-in parameters (valid at the first year of validity of the Group of Reinsurance Contracts) for [Partner rating](../DataModel/DataStructure#partner-rating) and [Credit default rate](../DataModel/DataStructure#credit-default-rate).",
"\n",
"\nThis can be summarized as follows:",
"\n",
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