PET - Plain English Taxonomy

Label: Financial Risk Solvency Adjusted Admissible Assets Non Standard Resilience Factors Amount
TREF ID: DE5449
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: debit
Business Description & Guidance:
Report the value of admissible assets with non-standard resilience factors adjusted for:- Credit Risk Yield Changes;- Prescribed Yield Changes (allowing for diversification factor);- Adverse Exchange Movement factor; and- Credit Risk Default factorsas determined in accordance with the solvency standards.Admissible assets with non-standard resilience factors is the net market value, or fair value, of assets where the actuary has considered that non-standard resilience factors are appropriate.This should only be used in rare cases. It is intended to cover situations where assets are disaggregated into (1) an identifiable sub-asset and (2) a residual that does not fit into any of the asset sectors specified by Life Insurance Prudential Standards for resilience purposes, or where a non-standard resilience risk has been modelled in accordance with Life Insurance Prudential Standards.Net market value, or fair value, is the amount which could be expected to be received from the disposal of an asset in an orderly market; or in an arm's length transaction between knowledgeable, willing parties; after deducting costs expected to be incurred in realising the proceeds of such a disposal. 

Usage
Form Labels
Label:
Assets non-standard resilience factors - Adjusted Value of Admissible Assets