Central Bank of Nigeria Library

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Financial risk management for pension plans /

By: Contributor(s): Material type: TextTextPublication details: Amsterdam ; Oxford : Elsevier, 2004.Description: xiv, 366 pISBN:
  • 0444516743 (hbk.)
  • 9780444516749
Subject(s): DDC classification:
  • 332.67254 GAJ
Summary: This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies.
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Holdings
Item type Current library Collection Call number Copy number Status Date due Barcode
Monograph & others Monograph & others CBN BAUCHI BRANCH LIBRARY General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) c.1 Available 31008100385851
Monograph & others Monograph & others CBN ENUGU BRANCH LIBRARY General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) c. 1 Available 31008100779731
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) 1 Available 31008100080700
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) 2 Available 31008100080718
Monograph & others Monograph & others CBN IBADAN BRANCH LIBRARY General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) C.1 Available 31008100740683
Monograph & others Monograph & others CBN LAGOS LAISON OFFICE LIBRARY General Stacks 332.67254 GAJ (Browse shelf(Opens below)) c. 1 Available 31008100771100
Monograph & others Monograph & others CBN LAGOS LEARNING CENTRE LIBRARY General Stacks Non-fiction 332.67254 GAJ (Browse shelf(Opens below)) c.1 Available 31008100847603

Includes bibliographical references and index.

This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies.

oif 08/08/16

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