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The Nematrian Function Library

Cash-Flow Projection Functions

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The Nematrian function library includes a range of tools that are useful for carrying out cash-flow projection calculations.

 

The web functions available include ones set out in the table below. To see a complete list of functions currently available in the Nematrian online toolkit please go to list of types of available functions or complete list of individual functions.

 

 

Disclaimer

 

Please note that no web functions currently publicly available through the Nematrian website are classified by Nematrian as being explicitly ‘actuarial’ in nature. For example, they do not necessarily adhere to relevant model standards imposed on actuarial work by the UK’s Board for Actuarial Standards. If you are seeking access to models that do explicitly adhere to these standards then please speak to your usual contact at Nematrian. Usage of the Nematrian website is subject to the terms of the Nematrian License Agreement.

 


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Web functionShort description of function
MnApplyPriorityWaterfallReturns an array corresponding to fractions of tranches satisfied in a priority ladder or 'waterfall'
MnApplyPriorityWaterfall2Returns an array corresponding to fractions of tranches owned by different investor categories satisfied in a priority ladder or 'waterfall'
MnPFDecrementTableReturns a decrement table in a format that can be used for further pension fund projection work
MnPFProjectBenefitsDepletedOutgoWoundUpReturns the outgo through time expected from each aggregate membership category conditional on scheme winding up at different points in time (sponsor not necessarily making good any shortfall)
MnPFProjectBenefitsOutgoWoundUpReturns the outgo through time expected from each aggregate membership category conditional on scheme winding up at different points in time (assuming sponsor makes good any shortfall)
MnPFProjectBenefitsProbDefaultReturns probability of sponsor (possibly adjusted to reflect economic or scheme-specific drivers)
MnPFProjectBenefitsPVSingleRunReturns the current value of members' future benefits allowing for the possibility that the scheme sponsor may not make good shortfalls on wind-up

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