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  • The Valuation of Interest-Senstive Cash Flows Using the Symbolic Methed
    the cash flows are fixed, as in the case of an annuity certain, the valuation follows almost immediately ... depend on rates, as with a Single Premium Deferred Annuity (SPDA), the valuation must account for the variability ...

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    • Authors: Matthew Clayton Modisett
    • Date: Jan 1992
    • Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
    • Publication Name: Actuarial Research Clearing House
    • Topics: Annuities>Fixed annuities; Finance & Investments; Modeling & Statistical Methods>Stochastic models
  • A Market Value Balance Sheet: Why and How
    specified discount rares.a In this early period marke~s varied little, rising at a moderate rate on a total ... dimensions for this calculation: the discount rate(s) and the timing of the cash flows. Our idea for a ...

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    • Authors: Matthew Clayton Modisett
    • Date: Jan 1993
    • Competency: Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
    • Publication Name: Actuarial Research Clearing House
    • Topics: Financial Reporting & Accounting>Fair value accounting