Extension risk is one of the risk factors of amortizable loan which can lead to the future cash flow and discount change.
摘要延迟风是抵押贷款的风
,导致未来现金流和贴现率发生变化。
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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:咨询司 Grant Thornton 2015 年的一项调查发
,只有大约四分之一的人就他们在模型中使用的增长
和
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.
糟糕的投资年份(例如 2001 年或 2008 年)、下降、人口老龄化以及要求员工增加贡献的政治不可行性等因素的结合,导致近年来许多 DB 计划出
亏损。