Extension risk is one of the risk factors of amortizable loan which can lead to the future cash flow and discount change.
摘要延是抵押贷款的
因
之一,导致未来
金流
率发生变化。
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Many keep their valuation-work in house: a 2015 survey by Grant Thornton, a consultancy, found that only around a quarter of them sought an independent opinion on the growth and discount rates they use in their models.
许多人将他们的估值工作留在内部:咨询公司 Grant Thornton 2015 的一项调查发现,只有大约四分之一的人就他们在模型中使用的增长率和贴现率寻求独立意见。
A combination of bad investment years (such as 2001 or 2008), falling discount rates, ageing populations and the political infeasibility of asking employees to contribute more has pushed a lot of DB schemes into the red in recent years.
糟糕的投资份(例如 2001
或 2008
)、贴现率下降、人口老龄化以及
求员工增加贡献的政治不可行性等因素的结合,导致近
来许多 DB 计划出现亏损。