Upload
vuongdiep
View
223
Download
0
Embed Size (px)
Citation preview
Scenario1Initial Treasury Yield Curve: Coupon Paying 12/31/2002 12/31/2004 10/31/2005 "Feb 19823 Month Yield 1.21% 2.22% 3.79% 14.418%6 Month Yield 1.27% 2.50% 4.13% 14.891%1 Year Yield 1.45% 2.67% 4.18% 14.792%2 Year Yield 1.84% 3.01% 4.27% 14.865%3 Year Yield 2.23% 3.21% 4.29% 14.773%5 Year Yield 3.03% 3.60% 4.33% 14.590%7 Year Yield 3.63% 3.93% 4.38% 14.509%10 Year Yield 4.03% 4.23% 4.46% 14.475%20 Year Yield 5.01% 4.88% 4.74% 14.534%30 Year Yield 5.99% 5.00% 4.85% 14.271%
Scenario3Scenario2 "June_20036.750% 0.945%7.130% 0.945%7.180% 1.006%7.270% 1.219%7.290% 1.502%7.330% 2.249%7.380% 2.822%7.460% 3.152%7.470% 4.324%7.850% 4.850%
Assumptions
Page 3
Initial Treasury Curve Standard C-3 Phase I RBC ScenariosInitial Treasury Yield Curve: Coupon Paying 3 Month Yield 0.160%6 Month Yield 0.220%1 Year Yield 0.340%2 Year Yield 0.760%3 Year Yield 1.260%5 Year Yield 2.100%7 Year Yield 2.750%10 Year Yield 3.310%20 Year Yield 4.050%30 Year Yield 4.220%
Model Settings Custom Interest Rate ScenariosModel Frequency Monthly Note: Edit list of custom scenario numbers starting in cell $B$52Output Target Comma Delimited FileGenerate Bond Indices? 0
Excel Output SettingsBlank rows between scenarios 4
Comma Delimited Output SettingsOutput Type Single FileFile name (.csv) c:\temp\scenarios\test50.csvOutput precision 6Include File Header? 0
Bond Return Model: Random SamplesRandom Number Files (Folder): c:\temp\ Money Market: rand_ret_MONEY.csv Government Bonds: rand_ret_ITGVT.csv Corporate Bonds: rand_ret_LTCORP.csv
Custom ScenariosCustom List of Scenario Numbers:
123456789
10111213
Assumptions
Page 4
1415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263
Assumptions
Page 5
646566676869707172737475767778798081828384858687888990919293949596979899
100101102103104105106107108109110111112113
Assumptions
Page 6
114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163
Assumptions
Page 7
164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203204205206207208209210211212213
Assumptions
Page 8
214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263
Assumptions
Page 9
264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313
Assumptions
Page 10
314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352353354355356357358359360361362363
Assumptions
Page 11
364365366367368369370371372373374375376377378379380381382383384385386387388389390391392393394395396397398399400401402403404405406407408409410411412413
Assumptions
Page 12
414415416417418419420421422423424425426427428429430431432433434435436437438439440441442443444445446447448449450451452453454455456457458459460461462463
Assumptions
Page 13
464465466467468469470471472473474475476477478479480481482483484485486487488489490491492493494495496497498499500501502503504505506507508509510511512513
Assumptions
Page 14
514515516517518519520521522523524525526527528529530531532533534535536537538539540541542543544545546547548549550551552553554555556557558559560561562563
Assumptions
Page 15
564565566567568569570571572573574575576577578579580581582583584585586587588589590591592593594595596597598599600601602603604605606607608609610611612613
Assumptions
Page 16
614615616617618619620621622623624625626627628629630631632633634635636637638639640641642643644645646647648649650651652653654655656657658659660661662663
Assumptions
Page 17
664665666667668669670671672673674675676677678679680681682683684685686687688689690691692693694695696697698699700701702703704705706707708709710711712713
Assumptions
Page 18
714715716717718719720721722723724725726727728729730731732733734735736737738739740741742743744745746747748749750751752753754755756757758759760761762763
Assumptions
Page 19
764765766767768769770771772773774775776777778779780781782783784785786787788789790791792793794795796797798799800801802803804805806807808809810811812813
Assumptions
Page 20
814815816817818819820821822823824825826827828829830831832833834835836837838839840841842843844845846847848849850851852853854855856857858859860861862863
Assumptions
Page 21
864865866867868869870871872873874875876877878879880881882883884885886887888889890891892893894895896897898899900901902903904905906907908909910911912913
Assumptions
Page 22
914915916917918919920921922923924925926927928929930931932933934935936937938939940941942943944945946947948949950951952953954955956957958959960961962963
Assumptions
Page 23
964965966967968969970971972973974975976977978979980981982983984985986987988989990991992993994995996997998999
10001001100210031004100510061007100810091010101110121013
Assumptions
Page 24
10141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063
Assumptions
Page 25
10641065106610671068106910701071107210731074107510761077107810791080108110821083108410851086108710881089109010911092109310941095109610971098109911001101110211031104110511061107110811091110111111121113
Assumptions
Page 26
11141115111611171118111911201121112211231124112511261127112811291130113111321133113411351136113711381139114011411142114311441145114611471148114911501151115211531154115511561157115811591160116111621163
Assumptions
Page 27
11641165116611671168116911701171117211731174117511761177117811791180118111821183118411851186118711881189119011911192119311941195119611971198119912001201120212031204120512061207120812091210121112121213
Assumptions
Page 28
12141215121612171218121912201221122212231224122512261227122812291230123112321233123412351236123712381239124012411242124312441245124612471248124912501251125212531254125512561257125812591260126112621263
Assumptions
Page 29
12641265126612671268126912701271127212731274127512761277127812791280128112821283128412851286128712881289129012911292129312941295129612971298129913001301130213031304130513061307130813091310131113121313
Assumptions
Page 30
13141315131613171318131913201321132213231324132513261327132813291330133113321333133413351336133713381339134013411342134313441345134613471348134913501351135213531354135513561357135813591360136113621363
Assumptions
Page 31
13641365136613671368136913701371137213731374137513761377137813791380138113821383138413851386138713881389139013911392139313941395139613971398139914001401140214031404140514061407140814091410141114121413
Assumptions
Page 32
14141415141614171418141914201421142214231424142514261427142814291430143114321433143414351436143714381439144014411442144314441445144614471448144914501451145214531454145514561457145814591460146114621463
Assumptions
Page 33
14641465146614671468146914701471147214731474147514761477147814791480148114821483148414851486148714881489149014911492149314941495149614971498149915001501150215031504150515061507150815091510151115121513
Assumptions
Page 34
15141515151615171518151915201521152215231524152515261527152815291530153115321533153415351536153715381539154015411542154315441545154615471548154915501551155215531554155515561557155815591560156115621563
Assumptions
Page 35
15641565156615671568156915701571157215731574157515761577157815791580158115821583158415851586158715881589159015911592159315941595159615971598159916001601160216031604160516061607160816091610161116121613
Assumptions
Page 36
16141615161616171618161916201621162216231624162516261627162816291630163116321633163416351636163716381639164016411642164316441645164616471648164916501651165216531654165516561657165816591660166116621663
Assumptions
Page 37
16641665166616671668166916701671167216731674167516761677167816791680168116821683168416851686168716881689169016911692169316941695169616971698169917001701170217031704170517061707170817091710171117121713
Assumptions
Page 38
17141715171617171718171917201721172217231724172517261727172817291730173117321733173417351736173717381739174017411742174317441745174617471748174917501751175217531754175517561757175817591760176117621763
Assumptions
Page 39
17641765176617671768176917701771177217731774177517761777177817791780178117821783178417851786178717881789179017911792179317941795179617971798179918001801180218031804180518061807180818091810181118121813
Assumptions
Page 40
18141815181618171818181918201821182218231824182518261827182818291830183118321833183418351836183718381839184018411842184318441845184618471848184918501851185218531854185518561857185818591860186118621863
Assumptions
Page 41
18641865186618671868186918701871187218731874187518761877187818791880188118821883188418851886188718881889189018911892189318941895189618971898189919001901190219031904190519061907190819091910191119121913
Assumptions
Page 42
19141915191619171918191919201921192219231924192519261927192819291930193119321933193419351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963
Assumptions
Page 43
19641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013
Assumptions
Page 44
20142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045204620472048204920502051205220532054205520562057205820592060206120622063
Assumptions
Page 45
20642065206620672068206920702071207220732074207520762077207820792080208120822083208420852086208720882089209020912092209320942095209620972098209921002101210221032104210521062107210821092110211121122113
Assumptions
Page 46
21142115211621172118211921202121212221232124212521262127212821292130213121322133213421352136213721382139214021412142214321442145214621472148214921502151215221532154215521562157215821592160216121622163
Assumptions
Page 47
21642165216621672168216921702171217221732174217521762177217821792180218121822183218421852186218721882189219021912192219321942195219621972198219922002201220222032204220522062207220822092210221122122213
Assumptions
Page 48
22142215221622172218221922202221222222232224222522262227222822292230223122322233223422352236223722382239224022412242224322442245224622472248224922502251225222532254225522562257225822592260226122622263
Assumptions
Page 49
22642265226622672268226922702271227222732274227522762277227822792280228122822283228422852286228722882289229022912292229322942295229622972298229923002301230223032304230523062307230823092310231123122313
Assumptions
Page 50
23142315231623172318231923202321232223232324232523262327232823292330233123322333233423352336233723382339234023412342234323442345234623472348234923502351235223532354235523562357235823592360236123622363
Assumptions
Page 51
23642365236623672368236923702371237223732374237523762377237823792380238123822383238423852386238723882389239023912392239323942395239623972398239924002401240224032404240524062407240824092410241124122413
Assumptions
Page 52
24142415241624172418241924202421242224232424242524262427242824292430243124322433243424352436243724382439244024412442244324442445244624472448244924502451245224532454245524562457245824592460246124622463
Assumptions
Page 53
24642465246624672468246924702471247224732474247524762477247824792480248124822483248424852486248724882489249024912492249324942495249624972498249925002501250225032504250525062507250825092510251125122513
Assumptions
Page 54
25142515251625172518251925202521252225232524252525262527252825292530253125322533253425352536253725382539254025412542254325442545254625472548254925502551255225532554255525562557255825592560256125622563
Assumptions
Page 55
25642565256625672568256925702571257225732574257525762577257825792580258125822583258425852586258725882589259025912592259325942595259625972598259926002601260226032604260526062607260826092610261126122613
Assumptions
Page 56
26142615261626172618261926202621262226232624262526262627262826292630263126322633263426352636263726382639264026412642264326442645264626472648264926502651265226532654265526562657265826592660266126622663
Assumptions
Page 57
26642665266626672668266926702671267226732674267526762677267826792680268126822683268426852686268726882689269026912692269326942695269626972698269927002701270227032704270527062707270827092710271127122713
Assumptions
Page 58
27142715271627172718271927202721272227232724272527262727272827292730273127322733273427352736273727382739274027412742274327442745274627472748274927502751275227532754275527562757275827592760276127622763
Assumptions
Page 59
27642765276627672768276927702771277227732774277527762777277827792780278127822783278427852786278727882789279027912792279327942795279627972798279928002801280228032804280528062807280828092810281128122813
Assumptions
Page 60
28142815281628172818281928202821282228232824282528262827282828292830283128322833283428352836283728382839284028412842284328442845284628472848284928502851285228532854285528562857285828592860286128622863
Assumptions
Page 61
28642865286628672868286928702871287228732874287528762877287828792880288128822883288428852886288728882889289028912892289328942895289628972898289929002901290229032904290529062907290829092910291129122913
Assumptions
Page 62
29142915291629172918291929202921292229232924292529262927292829292930293129322933293429352936293729382939294029412942294329442945294629472948294929502951295229532954295529562957295829592960296129622963
Assumptions
Page 63
29642965296629672968296929702971297229732974297529762977297829792980298129822983298429852986298729882989299029912992299329942995299629972998299930003001300230033004300530063007300830093010301130123013
Assumptions
Page 64
30143015301630173018301930203021302230233024302530263027302830293030303130323033303430353036303730383039304030413042304330443045304630473048304930503051305230533054305530563057305830593060306130623063
Assumptions
Page 65
30643065306630673068306930703071307230733074307530763077307830793080308130823083308430853086308730883089309030913092309330943095309630973098309931003101310231033104310531063107310831093110311131123113
Assumptions
Page 66
31143115311631173118311931203121312231233124312531263127312831293130313131323133313431353136313731383139314031413142314331443145314631473148314931503151315231533154315531563157315831593160316131623163
Assumptions
Page 67
31643165316631673168316931703171317231733174317531763177317831793180318131823183318431853186318731883189319031913192319331943195319631973198319932003201320232033204320532063207320832093210321132123213
Assumptions
Page 68
32143215321632173218321932203221322232233224322532263227322832293230323132323233323432353236323732383239324032413242324332443245324632473248324932503251325232533254325532563257325832593260326132623263
Assumptions
Page 69
32643265326632673268326932703271327232733274327532763277327832793280328132823283328432853286328732883289329032913292329332943295329632973298329933003301330233033304330533063307330833093310331133123313
Assumptions
Page 70
33143315331633173318331933203321332233233324332533263327332833293330333133323333333433353336333733383339334033413342334333443345334633473348334933503351335233533354335533563357335833593360336133623363
Assumptions
Page 71
33643365336633673368336933703371337233733374337533763377337833793380338133823383338433853386338733883389339033913392339333943395339633973398339934003401340234033404340534063407340834093410341134123413
Assumptions
Page 72
34143415341634173418341934203421342234233424342534263427342834293430343134323433343434353436343734383439344034413442344334443445344634473448344934503451345234533454345534563457345834593460346134623463
Assumptions
Page 73
34643465346634673468346934703471347234733474347534763477347834793480348134823483348434853486348734883489349034913492349334943495349634973498349935003501350235033504350535063507350835093510351135123513
Assumptions
Page 74
35143515351635173518351935203521352235233524352535263527352835293530353135323533353435353536353735383539354035413542354335443545354635473548354935503551355235533554355535563557355835593560356135623563
Assumptions
Page 75
35643565356635673568356935703571357235733574357535763577357835793580358135823583358435853586358735883589359035913592359335943595359635973598359936003601360236033604360536063607360836093610361136123613
Assumptions
Page 76
36143615361636173618361936203621362236233624362536263627362836293630363136323633363436353636363736383639364036413642364336443645364636473648364936503651365236533654365536563657365836593660366136623663
Assumptions
Page 77
36643665366636673668366936703671367236733674367536763677367836793680368136823683368436853686368736883689369036913692369336943695369636973698369937003701370237033704370537063707370837093710371137123713
Assumptions
Page 78
37143715371637173718371937203721372237233724372537263727372837293730373137323733373437353736373737383739374037413742374337443745374637473748374937503751375237533754375537563757375837593760376137623763
Assumptions
Page 79
37643765376637673768376937703771377237733774377537763777377837793780378137823783378437853786378737883789379037913792379337943795379637973798379938003801380238033804380538063807380838093810381138123813
Assumptions
Page 80
38143815381638173818381938203821382238233824382538263827382838293830383138323833383438353836383738383839384038413842384338443845384638473848384938503851385238533854385538563857385838593860386138623863
Assumptions
Page 81
38643865386638673868386938703871387238733874387538763877387838793880388138823883388438853886388738883889389038913892389338943895389638973898389939003901390239033904390539063907390839093910391139123913
Assumptions
Page 82
39143915391639173918391939203921392239233924392539263927392839293930393139323933393439353936393739383939394039413942394339443945394639473948394939503951395239533954395539563957395839593960396139623963
Assumptions
Page 83
39643965396639673968396939703971397239733974397539763977397839793980398139823983398439853986398739883989399039913992399339943995399639973998399940004001400240034004400540064007400840094010401140124013
Assumptions
Page 84
40144015401640174018401940204021402240234024402540264027402840294030403140324033403440354036403740384039404040414042404340444045404640474048404940504051405240534054405540564057405840594060406140624063
Assumptions
Page 85
40644065406640674068406940704071407240734074407540764077407840794080408140824083408440854086408740884089409040914092409340944095409640974098409941004101410241034104410541064107410841094110411141124113
Assumptions
Page 86
41144115411641174118411941204121412241234124412541264127412841294130413141324133413441354136413741384139414041414142414341444145414641474148414941504151415241534154415541564157415841594160416141624163
Assumptions
Page 87
41644165416641674168416941704171417241734174417541764177417841794180418141824183418441854186418741884189419041914192419341944195419641974198419942004201420242034204420542064207420842094210421142124213
Assumptions
Page 88
42144215421642174218421942204221422242234224422542264227422842294230423142324233423442354236423742384239424042414242424342444245424642474248424942504251425242534254425542564257425842594260426142624263
Assumptions
Page 89
42644265426642674268426942704271427242734274427542764277427842794280428142824283428442854286428742884289429042914292429342944295429642974298429943004301430243034304430543064307430843094310431143124313
Assumptions
Page 90
43144315431643174318431943204321432243234324432543264327432843294330433143324333433443354336433743384339434043414342434343444345434643474348434943504351435243534354435543564357435843594360436143624363
Assumptions
Page 91
43644365436643674368436943704371437243734374437543764377437843794380438143824383438443854386438743884389439043914392439343944395439643974398439944004401440244034404440544064407440844094410441144124413
Assumptions
Page 92
44144415441644174418441944204421442244234424442544264427442844294430443144324433443444354436443744384439444044414442444344444445444644474448444944504451445244534454445544564457445844594460446144624463
Assumptions
Page 93
44644465446644674468446944704471447244734474447544764477447844794480448144824483448444854486448744884489449044914492449344944495449644974498449945004501450245034504450545064507450845094510451145124513
Assumptions
Page 94
45144515451645174518451945204521452245234524452545264527452845294530453145324533453445354536453745384539454045414542454345444545454645474548454945504551455245534554455545564557455845594560456145624563
Assumptions
Page 95
45644565456645674568456945704571457245734574457545764577457845794580458145824583458445854586458745884589459045914592459345944595459645974598459946004601460246034604460546064607460846094610461146124613
Assumptions
Page 96
46144615461646174618461946204621462246234624462546264627462846294630463146324633463446354636463746384639464046414642464346444645464646474648464946504651465246534654465546564657465846594660466146624663
Assumptions
Page 97
46644665466646674668466946704671467246734674467546764677467846794680468146824683468446854686468746884689469046914692469346944695469646974698469947004701470247034704470547064707470847094710471147124713
Assumptions
Page 98
47144715471647174718471947204721472247234724472547264727472847294730473147324733473447354736473747384739474047414742474347444745474647474748474947504751475247534754475547564757475847594760476147624763
Assumptions
Page 99
47644765476647674768476947704771477247734774477547764777477847794780478147824783478447854786478747884789479047914792479347944795479647974798479948004801480248034804480548064807480848094810481148124813
Assumptions
Page 100
48144815481648174818481948204821482248234824482548264827482848294830483148324833483448354836483748384839484048414842484348444845484648474848484948504851485248534854485548564857485848594860486148624863
Assumptions
Page 101
48644865486648674868486948704871487248734874487548764877487848794880488148824883488448854886488748884889489048914892489348944895489648974898489949004901490249034904490549064907490849094910491149124913
Assumptions
Page 102
49144915491649174918491949204921492249234924492549264927492849294930493149324933493449354936493749384939494049414942494349444945494649474948494949504951495249534954495549564957495849594960496149624963
Assumptions
Page 103
49644965496649674968496949704971497249734974497549764977497849794980498149824983498449854986498749884989499049914992499349944995499649974998499950005001500250035004500550065007500850095010501150125013
Assumptions
Page 104
50145015501650175018501950205021502250235024502550265027502850295030503150325033503450355036503750385039504050415042504350445045504650475048504950505051505250535054505550565057505850595060506150625063
Assumptions
Page 105
50645065506650675068506950705071507250735074507550765077507850795080508150825083508450855086508750885089509050915092509350945095509650975098509951005101510251035104510551065107510851095110511151125113
Assumptions
Page 106
51145115511651175118511951205121512251235124512551265127512851295130513151325133513451355136513751385139514051415142514351445145514651475148514951505151515251535154515551565157515851595160516151625163
Assumptions
Page 107
51645165516651675168516951705171517251735174517551765177517851795180518151825183518451855186518751885189519051915192519351945195519651975198519952005201520252035204520552065207520852095210521152125213
Assumptions
Page 108
52145215521652175218521952205221522252235224522552265227522852295230523152325233523452355236523752385239524052415242524352445245524652475248524952505251525252535254525552565257525852595260526152625263
Assumptions
Page 109
52645265526652675268526952705271527252735274527552765277527852795280528152825283528452855286528752885289529052915292529352945295529652975298529953005301530253035304530553065307530853095310531153125313
Assumptions
Page 110
53145315531653175318531953205321532253235324532553265327532853295330533153325333533453355336533753385339534053415342534353445345534653475348534953505351535253535354535553565357535853595360536153625363
Assumptions
Page 111
53645365536653675368536953705371537253735374537553765377537853795380538153825383538453855386538753885389539053915392539353945395539653975398539954005401540254035404540554065407540854095410541154125413
Assumptions
Page 112
54145415541654175418541954205421542254235424542554265427542854295430543154325433543454355436543754385439544054415442544354445445544654475448544954505451545254535454545554565457545854595460546154625463
Assumptions
Page 113
54645465546654675468546954705471547254735474547554765477547854795480548154825483548454855486548754885489549054915492549354945495549654975498549955005501550255035504550555065507550855095510551155125513
Assumptions
Page 114
55145515551655175518551955205521552255235524552555265527552855295530553155325533553455355536553755385539554055415542554355445545554655475548554955505551555255535554555555565557555855595560556155625563
Assumptions
Page 115
55645565556655675568556955705571557255735574557555765577557855795580558155825583558455855586558755885589559055915592559355945595559655975598559956005601560256035604560556065607560856095610561156125613
Assumptions
Page 116
56145615561656175618561956205621562256235624562556265627562856295630563156325633563456355636563756385639564056415642564356445645564656475648564956505651565256535654565556565657565856595660566156625663
Assumptions
Page 117
56645665566656675668566956705671567256735674567556765677567856795680568156825683568456855686568756885689569056915692569356945695569656975698569957005701570257035704570557065707570857095710571157125713
Assumptions
Page 118
57145715571657175718571957205721572257235724572557265727572857295730573157325733573457355736573757385739574057415742574357445745574657475748574957505751575257535754575557565757575857595760576157625763
Assumptions
Page 119
57645765576657675768576957705771577257735774577557765777577857795780578157825783578457855786578757885789579057915792579357945795579657975798579958005801580258035804580558065807580858095810581158125813
Assumptions
Page 120
58145815581658175818581958205821582258235824582558265827582858295830583158325833583458355836583758385839584058415842584358445845584658475848584958505851585258535854585558565857585858595860586158625863
Assumptions
Page 121
58645865586658675868586958705871587258735874587558765877587858795880588158825883588458855886588758885889589058915892589358945895589658975898589959005901590259035904590559065907590859095910591159125913
Assumptions
Page 122
59145915591659175918591959205921592259235924592559265927592859295930593159325933593459355936593759385939594059415942594359445945594659475948594959505951595259535954595559565957595859595960596159625963
Assumptions
Page 123
59645965596659675968596959705971597259735974597559765977597859795980598159825983598459855986598759885989599059915992599359945995599659975998599960006001600260036004600560066007600860096010601160126013
Assumptions
Page 124
60146015601660176018601960206021602260236024602560266027602860296030603160326033603460356036603760386039604060416042604360446045604660476048604960506051605260536054605560566057605860596060606160626063
Assumptions
Page 125
60646065606660676068606960706071607260736074607560766077607860796080608160826083608460856086608760886089609060916092609360946095609660976098609961006101610261036104610561066107610861096110611161126113
Assumptions
Page 126
61146115611661176118611961206121612261236124612561266127612861296130613161326133613461356136613761386139614061416142614361446145614661476148614961506151615261536154615561566157615861596160616161626163
Assumptions
Page 127
61646165616661676168616961706171617261736174617561766177617861796180618161826183618461856186618761886189619061916192619361946195619661976198619962006201620262036204620562066207620862096210621162126213
Assumptions
Page 128
62146215621662176218621962206221622262236224622562266227622862296230623162326233623462356236623762386239624062416242624362446245624662476248624962506251625262536254625562566257625862596260626162626263
Assumptions
Page 129
62646265626662676268626962706271627262736274627562766277627862796280628162826283628462856286628762886289629062916292629362946295629662976298629963006301630263036304630563066307630863096310631163126313
Assumptions
Page 130
63146315631663176318631963206321632263236324632563266327632863296330633163326333633463356336633763386339634063416342634363446345634663476348634963506351635263536354635563566357635863596360636163626363
Assumptions
Page 131
63646365636663676368636963706371637263736374637563766377637863796380638163826383638463856386638763886389639063916392639363946395639663976398639964006401640264036404640564066407640864096410641164126413
Assumptions
Page 132
64146415641664176418641964206421642264236424642564266427642864296430643164326433643464356436643764386439644064416442644364446445644664476448644964506451645264536454645564566457645864596460646164626463
Assumptions
Page 133
64646465646664676468646964706471647264736474647564766477647864796480648164826483648464856486648764886489649064916492649364946495649664976498649965006501650265036504650565066507650865096510651165126513
Assumptions
Page 134
65146515651665176518651965206521652265236524652565266527652865296530653165326533653465356536653765386539654065416542654365446545654665476548654965506551655265536554655565566557655865596560656165626563
Assumptions
Page 135
65646565656665676568656965706571657265736574657565766577657865796580658165826583658465856586658765886589659065916592659365946595659665976598659966006601660266036604660566066607660866096610661166126613
Assumptions
Page 136
66146615661666176618661966206621662266236624662566266627662866296630663166326633663466356636663766386639664066416642664366446645664666476648664966506651665266536654665566566657665866596660666166626663
Assumptions
Page 137
66646665666666676668666966706671667266736674667566766677667866796680668166826683668466856686668766886689669066916692669366946695669666976698669967006701670267036704670567066707670867096710671167126713
Assumptions
Page 138
67146715671667176718671967206721672267236724672567266727672867296730673167326733673467356736673767386739674067416742674367446745674667476748674967506751675267536754675567566757675867596760676167626763
Assumptions
Page 139
67646765676667676768676967706771677267736774677567766777677867796780678167826783678467856786678767886789679067916792679367946795679667976798679968006801680268036804680568066807680868096810681168126813
Assumptions
Page 140
68146815681668176818681968206821682268236824682568266827682868296830683168326833683468356836683768386839684068416842684368446845684668476848684968506851685268536854685568566857685868596860686168626863
Assumptions
Page 141
68646865686668676868686968706871687268736874687568766877687868796880688168826883688468856886688768886889689068916892689368946895689668976898689969006901690269036904690569066907690869096910691169126913
Assumptions
Page 142
69146915691669176918691969206921692269236924692569266927692869296930693169326933693469356936693769386939694069416942694369446945694669476948694969506951695269536954695569566957695869596960696169626963
Assumptions
Page 143
69646965696669676968696969706971697269736974697569766977697869796980698169826983698469856986698769886989699069916992699369946995699669976998699970007001700270037004700570067007700870097010701170127013
Assumptions
Page 144
70147015701670177018701970207021702270237024702570267027702870297030703170327033703470357036703770387039704070417042704370447045704670477048704970507051705270537054705570567057705870597060706170627063
Assumptions
Page 145
70647065706670677068706970707071707270737074707570767077707870797080708170827083708470857086708770887089709070917092709370947095709670977098709971007101710271037104710571067107710871097110711171127113
Assumptions
Page 146
71147115711671177118711971207121712271237124712571267127712871297130713171327133713471357136713771387139714071417142714371447145714671477148714971507151715271537154715571567157715871597160716171627163
Assumptions
Page 147
71647165716671677168716971707171717271737174717571767177717871797180718171827183718471857186718771887189719071917192719371947195719671977198719972007201720272037204720572067207720872097210721172127213
Assumptions
Page 148
72147215721672177218721972207221722272237224722572267227722872297230723172327233723472357236723772387239724072417242724372447245724672477248724972507251725272537254725572567257725872597260726172627263
Assumptions
Page 149
72647265726672677268726972707271727272737274727572767277727872797280728172827283728472857286728772887289729072917292729372947295729672977298729973007301730273037304730573067307730873097310731173127313
Assumptions
Page 150
73147315731673177318731973207321732273237324732573267327732873297330733173327333733473357336733773387339734073417342734373447345734673477348734973507351735273537354735573567357735873597360736173627363
Assumptions
Page 151
73647365736673677368736973707371737273737374737573767377737873797380738173827383738473857386738773887389739073917392739373947395739673977398739974007401740274037404740574067407740874097410741174127413
Assumptions
Page 152
74147415741674177418741974207421742274237424742574267427742874297430743174327433743474357436743774387439744074417442744374447445744674477448744974507451745274537454745574567457745874597460746174627463
Assumptions
Page 153
74647465746674677468746974707471747274737474747574767477747874797480748174827483748474857486748774887489749074917492749374947495749674977498749975007501750275037504750575067507750875097510751175127513
Assumptions
Page 154
75147515751675177518751975207521752275237524752575267527752875297530753175327533753475357536753775387539754075417542754375447545754675477548754975507551755275537554755575567557755875597560756175627563
Assumptions
Page 155
75647565756675677568756975707571757275737574757575767577757875797580758175827583758475857586758775887589759075917592759375947595759675977598759976007601760276037604760576067607760876097610761176127613
Assumptions
Page 156
76147615761676177618761976207621762276237624762576267627762876297630763176327633763476357636763776387639764076417642764376447645764676477648764976507651765276537654765576567657765876597660766176627663
Assumptions
Page 157
76647665766676677668766976707671767276737674767576767677767876797680768176827683768476857686768776887689769076917692769376947695769676977698769977007701770277037704770577067707770877097710771177127713
Assumptions
Page 158
77147715771677177718771977207721772277237724772577267727772877297730773177327733773477357736773777387739774077417742774377447745774677477748774977507751775277537754775577567757775877597760776177627763
Assumptions
Page 159
77647765776677677768776977707771777277737774777577767777777877797780778177827783778477857786778777887789779077917792779377947795779677977798779978007801780278037804780578067807780878097810781178127813
Assumptions
Page 160
78147815781678177818781978207821782278237824782578267827782878297830783178327833783478357836783778387839784078417842784378447845784678477848784978507851785278537854785578567857785878597860786178627863
Assumptions
Page 161
78647865786678677868786978707871787278737874787578767877787878797880788178827883788478857886788778887889789078917892789378947895789678977898789979007901790279037904790579067907790879097910791179127913
Assumptions
Page 162
79147915791679177918791979207921792279237924792579267927792879297930793179327933793479357936793779387939794079417942794379447945794679477948794979507951795279537954795579567957795879597960796179627963
Assumptions
Page 163
79647965796679677968796979707971797279737974797579767977797879797980798179827983798479857986798779887989799079917992799379947995799679977998799980008001800280038004800580068007800880098010801180128013
Assumptions
Page 164
80148015801680178018801980208021802280238024802580268027802880298030803180328033803480358036803780388039804080418042804380448045804680478048804980508051805280538054805580568057805880598060806180628063
Assumptions
Page 165
80648065806680678068806980708071807280738074807580768077807880798080808180828083808480858086808780888089809080918092809380948095809680978098809981008101810281038104810581068107810881098110811181128113
Assumptions
Page 166
81148115811681178118811981208121812281238124812581268127812881298130813181328133813481358136813781388139814081418142814381448145814681478148814981508151815281538154815581568157815881598160816181628163
Assumptions
Page 167
81648165816681678168816981708171817281738174817581768177817881798180818181828183818481858186818781888189819081918192819381948195819681978198819982008201820282038204820582068207820882098210821182128213
Assumptions
Page 168
82148215821682178218821982208221822282238224822582268227822882298230823182328233823482358236823782388239824082418242824382448245824682478248824982508251825282538254825582568257825882598260826182628263
Assumptions
Page 169
82648265826682678268826982708271827282738274827582768277827882798280828182828283828482858286828782888289829082918292829382948295829682978298829983008301830283038304830583068307830883098310831183128313
Assumptions
Page 170
83148315831683178318831983208321832283238324832583268327832883298330833183328333833483358336833783388339834083418342834383448345834683478348834983508351835283538354835583568357835883598360836183628363
Assumptions
Page 171
83648365836683678368836983708371837283738374837583768377837883798380838183828383838483858386838783888389839083918392839383948395839683978398839984008401840284038404840584068407840884098410841184128413
Assumptions
Page 172
84148415841684178418841984208421842284238424842584268427842884298430843184328433843484358436843784388439844084418442844384448445844684478448844984508451845284538454845584568457845884598460846184628463
Assumptions
Page 173
84648465846684678468846984708471847284738474847584768477847884798480848184828483848484858486848784888489849084918492849384948495849684978498849985008501850285038504850585068507850885098510851185128513
Assumptions
Page 174
85148515851685178518851985208521852285238524852585268527852885298530853185328533853485358536853785388539854085418542854385448545854685478548854985508551855285538554855585568557855885598560856185628563
Assumptions
Page 175
85648565856685678568856985708571857285738574857585768577857885798580858185828583858485858586858785888589859085918592859385948595859685978598859986008601860286038604860586068607860886098610861186128613
Assumptions
Page 176
86148615861686178618861986208621862286238624862586268627862886298630863186328633863486358636863786388639864086418642864386448645864686478648864986508651865286538654865586568657865886598660866186628663
Assumptions
Page 177
86648665866686678668866986708671867286738674867586768677867886798680868186828683868486858686868786888689869086918692869386948695869686978698869987008701870287038704870587068707870887098710871187128713
Assumptions
Page 178
87148715871687178718871987208721872287238724872587268727872887298730873187328733873487358736873787388739874087418742874387448745874687478748874987508751875287538754875587568757875887598760876187628763
Assumptions
Page 179
87648765876687678768876987708771877287738774877587768777877887798780878187828783878487858786878787888789879087918792879387948795879687978798879988008801880288038804880588068807880888098810881188128813
Assumptions
Page 180
88148815881688178818881988208821882288238824882588268827882888298830883188328833883488358836883788388839884088418842884388448845884688478848884988508851885288538854885588568857885888598860886188628863
Assumptions
Page 181
88648865886688678868886988708871887288738874887588768877887888798880888188828883888488858886888788888889889088918892889388948895889688978898889989008901890289038904890589068907890889098910891189128913
Assumptions
Page 182
89148915891689178918891989208921892289238924892589268927892889298930893189328933893489358936893789388939894089418942894389448945894689478948894989508951895289538954895589568957895889598960896189628963
Assumptions
Page 183
89648965896689678968896989708971897289738974897589768977897889798980898189828983898489858986898789888989899089918992899389948995899689978998899990009001900290039004900590069007900890099010901190129013
Assumptions
Page 184
90149015901690179018901990209021902290239024902590269027902890299030903190329033903490359036903790389039904090419042904390449045904690479048904990509051905290539054905590569057905890599060906190629063
Assumptions
Page 185
90649065906690679068906990709071907290739074907590769077907890799080908190829083908490859086908790889089909090919092909390949095909690979098909991009101910291039104910591069107910891099110911191129113
Assumptions
Page 186
91149115911691179118911991209121912291239124912591269127912891299130913191329133913491359136913791389139914091419142914391449145914691479148914991509151915291539154915591569157915891599160916191629163
Assumptions
Page 187
91649165916691679168916991709171917291739174917591769177917891799180918191829183918491859186918791889189919091919192919391949195919691979198919992009201920292039204920592069207920892099210921192129213
Assumptions
Page 188
92149215921692179218921992209221922292239224922592269227922892299230923192329233923492359236923792389239924092419242924392449245924692479248924992509251925292539254925592569257925892599260926192629263
Assumptions
Page 189
92649265926692679268926992709271927292739274927592769277927892799280928192829283928492859286928792889289929092919292929392949295929692979298929993009301930293039304930593069307930893099310931193129313
Assumptions
Page 190
93149315931693179318931993209321932293239324932593269327932893299330933193329333933493359336933793389339934093419342934393449345934693479348934993509351935293539354935593569357935893599360936193629363
Assumptions
Page 191
93649365936693679368936993709371937293739374937593769377937893799380938193829383938493859386938793889389939093919392939393949395939693979398939994009401940294039404940594069407940894099410941194129413
Assumptions
Page 192
94149415941694179418941994209421942294239424942594269427942894299430943194329433943494359436943794389439944094419442944394449445944694479448944994509451945294539454945594569457945894599460946194629463
Assumptions
Page 193
94649465946694679468946994709471947294739474947594769477947894799480948194829483948494859486948794889489949094919492949394949495949694979498949995009501950295039504950595069507950895099510951195129513
Assumptions
Page 194
95149515951695179518951995209521952295239524952595269527952895299530953195329533953495359536953795389539954095419542954395449545954695479548954995509551955295539554955595569557955895599560956195629563
Assumptions
Page 195
95649565956695679568956995709571957295739574957595769577957895799580958195829583958495859586958795889589959095919592959395949595959695979598959996009601960296039604960596069607960896099610961196129613
Assumptions
Page 196
96149615961696179618961996209621962296239624962596269627962896299630963196329633963496359636963796389639964096419642964396449645964696479648964996509651965296539654965596569657965896599660966196629663
Assumptions
Page 197
96649665966696679668966996709671967296739674967596769677967896799680968196829683968496859686968796889689969096919692969396949695969696979698969997009701970297039704970597069707970897099710971197129713
Assumptions
Page 198
97149715971697179718971997209721972297239724972597269727972897299730973197329733973497359736973797389739974097419742974397449745974697479748974997509751975297539754975597569757975897599760976197629763
Assumptions
Page 199
97649765976697679768976997709771977297739774977597769777977897799780978197829783978497859786978797889789979097919792979397949795979697979798979998009801980298039804980598069807980898099810981198129813
Assumptions
Page 200
98149815981698179818981998209821982298239824982598269827982898299830983198329833983498359836983798389839984098419842984398449845984698479848984998509851985298539854985598569857985898599860986198629863
Assumptions
Page 201
98649865986698679868986998709871987298739874987598769877987898799880988198829883988498859886988798889889989098919892989398949895989698979898989999009901990299039904990599069907990899099910991199129913
Assumptions
Page 202
99149915991699179918991999209921992299239924992599269927992899299930993199329933993499359936993799389939994099419942994399449945994699479948994999509951995299539954995599569957995899599960996199629963
Assumptions
Page 203
996499659966996799689969997099719972997399749975997699779978997999809981998299839984998599869987998899899990999199929993999499959996999799989999
10000
Assumptions
Page 204
Standard C-3 Phase I RBC Scenarios
Custom Interest Rate ScenariosNote: Edit list of custom scenario numbers starting in cell $B$52
Scenario Orig Scen# Year Period 3-Month 6-Month 1-Year 2-Year 3-Year 5-Year 7-Year 10-Year 20-Year 30-Year MONEY ITGVT LTCORP
0 Which set of scenarios were used? 2"Standard 12" = 1"Standard 50" = 2
What is the projection date (EOM)? 9/30/1996
On what basis are the projections? 2"10/1996 to 9/1997" = 1
"Calendar Year" = 2 RBC C-3 Phase I Factor: 3.578%(if "Calendar Year", the first fractional year is discarded)
Beginning Statutory Reserve Level: 1,000,000
Tax Rate: 35%
Percentile: 92.0 92.5 93.0 93.5 94.0 94.5 95.0 95.5 96.0 96.5Scenario: 38 23 26 50 20 46 22 7 37 45
C-3 Factor: 2.896% 2.908% 2.995% 3.240% 3.260% 3.298% 3.721% 3.761% 3.843% 3.921%
Sample Calculation of C-3 Factor for Scenario 1:Discount Loading: 105%
9/96-12/96 1997 1998 1999 2000 2001 2002 2003 2004 20051-yr Treasury Rates: 1.70% 4.25% 5.19% 7.36% 10.14% 9.87% 8.41% 8.75% 9.16% 7.06%
(First value is needed to discount any fraction of a year if "Calendar Year" is used)After-tax Dsct Factors: 0.9971 0.9690 0.9359 0.8911 0.8334 0.7808 0.7384 0.6968 0.6558 0.6256PV(Surplus): (1051) (25) 4080 7466 6729 4343 1210 (1752) (4210)C3-Factor: 1.384% = -Min(PV(Surplus)) / Beginning Statutory Reserve Level
*** Enter statutory surplus values for 12 or 50 scenarios, for all years of your projection
(S(1) = statutory surplus from end of first full projection year -- cumulative over at least 12 months)Scenario C-3 Factor Weight S(1) S(2) S(3) S(4) S(5) S(6) S(7) S(8) S(9)
1 1.384% 0.00 (1,085) (27) 4,579 8,959 8,618 5,881 1,736 (2,671) (6,729)2 0.429% 0.00 (2,805) (4,416) (2,742) 52 2,862 6,633 10,667 14,554 18,081 3 0.121% 0.00 (1,241) 165 7,093 14,105 17,437 21,516 25,600 29,521 33,491 4 2.279% 0.00 (927) (1,260) (5,655) (10,827) (14,257) (18,520) (22,841) (26,982) (31,375)
5 1.314% 0.00 (1,983) (2,611) (1,819) (798) (89) 612 801 310 (987)6 0.325% 0.00 (2,407) (3,392) 703 6,089 9,372 13,287 17,334 21,366 25,149 7 3.761% 0.12 (520) 411 (1,567) (5,037) (8,255) (11,996) (15,584) (19,352) (22,678)8 0.191% 0.00 (1,932) (1,848) 3,662 9,877 12,664 15,502 18,642 22,181 26,079 9 11.259% 0.00 (2,769) (5,661) (8,849) (11,156) (12,990) (16,358) (20,298) (24,591) (29,559)
10 0.209% 0.00 (1,571) (2,126) 417 4,232 6,229 9,216 13,161 17,122 21,044 11 16.778% 0.00 (3,049) (6,773) (13,336) (19,294) (22,942) (29,127) (36,286) (43,254) (50,512)12 2.053% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)13 1.284% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)14 1.444% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)15 1.580% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)16 1.200% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)17 4.253% 0.04 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)18 2.148% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)19 1.602% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)20 3.260% 0.10 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)21 2.343% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)22 3.721% 0.16 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)23 2.908% 0.04 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)24 1.290% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)25 1.403% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)26 2.995% 0.06 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)27 1.987% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)28 1.712% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)29 4.380% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)30 1.697% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)31 1.595% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)32 4.616% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)33 1.924% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)34 2.344% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)35 4.041% 0.06 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)36 2.399% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)37 3.843% 0.10 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)38 2.896% 0.02 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)39 1.834% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)40 2.707% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)
41 2.113% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)42 2.625% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)43 4.268% 0.02 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)44 2.187% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)45 3.921% 0.08 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)46 3.298% 0.12 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)47 1.564% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)48 2.657% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)49 2.084% 0.00 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)50 3.240% 0.08 (1,724) (1,720) 827 3,282 3,226 1,227 (2,339) (5,347) (7,796)
97.0 97.5 98.035 17 43
4.041% 4.253% 4.268%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 20177.89% 7.84% 8.59% 8.97% 8.43% 9.73% 8.95% 9.39% 6.11% 6.96% 6.89% 8.12%
0.5937 0.5635 0.5323 0.5016 0.4743 0.4448 0.4192 0.3939 0.3781 0.3610 0.3448 0.3267(6148) (7945) (9900) (11632) (12746) (13024) (12914) (12677) (12873) (13218) (13646) (13838)
S(10) S(11) S(12) S(13) S(14) S(15) S(16) S(17) S(18) S(19) S(20) S(21)(10,356) (14,099) (18,598) (23,191) (26,872) (29,282) (30,809) (32,182) (34,043) (36,616) (39,576) (42,359)21,517 24,807 27,745 30,856 34,365 36,415 36,899 37,398 37,968 38,613 39,266 39,779 37,639 41,893 46,018 49,660 53,001 55,506 57,169 58,888 60,853 63,097 65,467 68,280
(35,851) (39,932) (43,289) (45,465) (47,670) (50,208) (52,326) (54,181) (55,916) (57,376) (58,834) (60,058)
(2,830) (4,674) (6,939) (10,341) (14,916) (18,335) (20,052) (22,036) (24,363) (27,119) (30,471) (34,186)28,720 32,186 35,427 38,610 42,024 44,425 45,642 46,918 49,126 52,406 55,956 59,844
(25,339) (28,129) (31,292) (35,148) (39,299) (42,831) (45,915) (49,202) (52,345) (55,128) (58,092) (61,360)30,005 33,834 37,977 42,326 46,573 48,842 49,235 49,639 50,143 50,750 51,362 52,088
(35,240) (41,700) (48,555) (55,552) (62,943) (69,595) (75,405) (82,088) (89,263) (96,178) (102,706) (108,722)25,190 29,420 33,588 37,492 41,190 43,632 44,756 45,919 47,181 48,542 49,940 51,321
(58,255) (67,372) (78,883) (91,354) (103,624) (114,257) (122,330) (130,082) (138,242) (146,633) (154,270) (160,828)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)
(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)(10,467) (13,363) (16,022) (18,745) (22,150) (24,725) (26,727) (29,080) (31,464) (34,027) (37,353) (41,119)
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20298.85% 7.45% 5.08% 5.18% 6.99% 6.81% 6.83% 5.34% 4.38% 4.46% 4.46% 4.46%
0.3081 0.2932 0.2834 0.2737 0.2612 0.2496 0.2385 0.2301 0.2234 0.2168 0.2104 0.2042(13765) (13619) (13520) (13386) (13124) (12800) (12472) (12375) (12209)
S(22) S(23) S(24) S(25) S(26) S(27) S(28) S(29) S(30) S(31) S(32) S(33)(44,679) (46,454) (47,714) (48,911) (50,242) (51,279) (52,298) (53,781) (54,641)40,151 40,524 40,992 41,564 42,154 42,872 43,733 44,636 45,101 71,569 75,033 78,737 82,678 86,781 90,884 94,953 99,155 101,316
(60,746) (61,551) (62,587) (63,487) (64,098) (64,499) (64,913) (65,546) (65,952)
(38,270) (43,014) (48,484) (54,310) (60,259) (67,527) (75,972) (85,362) (90,923)64,069 68,576 73,441 78,814 84,882 91,584 98,763 106,647 110,879
(65,196) (69,334) (72,831) (75,703) (78,976) (82,848) (86,956) (90,924) (92,776)52,932 53,798 54,659 55,510 56,372 57,343 58,443 59,580 60,159
(113,867) (119,370) (127,980) (141,175) (156,931) (173,073) (189,836) (207,373) (216,589)52,697 54,145 56,113 58,657 61,367 64,159 66,944 69,678 71,037
(167,581) (175,043) (183,625) (194,576) (205,685) (215,237) (225,216) (235,795) (241,132)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)
(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)(44,455) (47,099) (49,473) (52,142) (54,865) (57,244) (59,603) (62,057) (63,295)
2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 20414.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46%
0.1982 0.1923 0.1866 0.1811 0.1758 0.1706 0.1655 0.1607 0.1559 0.1513 0.1468 0.1425
S(34) S(35) S(36) S(37) S(38) S(39) S(40) S(41) S(42) S(43) S(44) S(45)
2042 2043 2044 2045 20464.46% 4.46% 4.46% 4.46% 4.46%
0.1383 0.1342 0.1302 0.1264 0.1227
Prelim. RBC C-3 Factor: 3.578%
Max. C-3 Factor: 16.778%
S(46) S(47) S(48) S(49) S(50) Max(C-3 Factor,0)1.384%0.429%0.121%2.279%
1.314%0.325%3.761%0.191%
11.259%0.209%
16.778%2.053%1.284%1.444%1.580%1.200%4.253%2.148%1.602%3.260%2.343%3.721%2.908%1.290%1.403%2.995%1.987%1.712%4.380%1.697%1.595%4.616%1.924%2.344%4.041%2.399%3.843%2.896%1.834%2.707%