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Understanding Liabilities

Philippe-N. Marcaillou

in Defined Benefit Pension Schemes in the United Kingdom: Asset and Liability Management

Published in print:
2016
Published Online:
May 2016
ISBN:
9780198738794
eISBN:
9780191802003
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738794.003.0003
Subject:
Economics and Finance, Financial Economics

Chapter 3 provides an understanding of how expected liability cash flows and their present values are calculated and series of future payments are distributed. Readers will understand the difference ... More


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