caa a22 4500 386350108 CHVBK 20180307111826.0 cr unu---uuuuu 161130e198912 xx s 000 0 eng 10.1017/S0020268100036684 doi S0020268100036684 pii (NATIONALLICENCE)cambridge-10.1017/S0020268100036684 Wise A. J. Matching [Elektronische Daten] [A. J. Wise] 1.1 The basic task of actuarial valuation is to compare the quantity of assets with the quantity of liabilities. A refinement is to compare qualities as well as quantities. 1.2 The qualities of assets and liabilities are their characteristics of cash flow, duration, growth, price volatility, etc. This note considers a conceptual and mathematical framework for matching in the most general terms. 1.3 Insurance work in the United Kingdom uses the notion of reserves for mismatching. Pension fund valuations in the U.K. also tend to use a notion of matching when considering the actuarial value placed on the fund. Copyright © Institute and Faculty of Actuaries 1989 Journal of the Institute of Actuaries Cambridge University Press 116/3(1989-12), 529-535 0020-2681 116:3<529 1989 116 JIA https://doi.org/10.1017/S0020268100036684 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0020268100036684 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Wise A. J. NATIONALLICENCE 773 0- Journal of the Institute of Actuaries Cambridge University Press 116/3(1989-12), 529-535 0020-2681 116:3<529 1989 116 JIA CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge