Description: This report describes a simple way to construct a bivariate copula with specified marginals and partially specified dependence. For example, the method allows one to model tail behavior scenarios while holding the core of the joint distribution fixed. An Excel workbook named CopulaExample.xls is provided to illustrate the method, including its use in Monte Carlo simulation.

Description: 1994 SOA Meeting, San Francisco. This session explored the various ways a mutual company might attempt to access the capital markets and the various procedures and instruments that might be employed to acquired capital.