Examples of Actuarial method in a sentence
For purposes of this part: (a) Actuarial method means the method of allocating payments made on a debt between the amount financed and the finance charge pursuant to which a payment is applied first to the accumulated finance charge and any remainder is subtracted from, or any deficiency is added to, the unpaid balance of the amount financed.
Exceptional exposure:The Actuarial method as stated would have to assess if existing controls are still relevant and not simply assume their relevance.
Business environment: Routine exposure: The Actuarial method as proposed integrates aspects of the business environment as it is easier to identify control failures/lack of controls that would affect losses.
Calculation Method Routine exposure: The Actuarial method as stated would be appropriate since frequency/likelihood could be calculated using some statistical distribution and a historical correlation matrix.
Data and assumptions: Routine exposure: The Actuarial method can be implemented easily for routine exposure as hard data (internal) is usually available.