PET - Plain English Taxonomy

Name: MEREconomicOrPropertyDownturnYearDimension
Label: Maximum Event Retention Economic or Property Downturn Year
TREF ID: DM468
Type: Predefined
Description:
The dimension is used to categorise reported information according to the Economic or Property Downturn Year, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116.
Usage:

Dimension Members
Name Label TREF ID Description
Year1 Year 1 of MER Economic or Property Downturn DV5289
The information reported is in relation to Year One of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116.
Year2 Year 2 of MER Economic or Property Downturn DV5290
The information reported is in relation to Year Two of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116.
Year3 Year 3 of MER Economic or Property Downturn DV5291
The information reported is in relation to Year Three of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116.