{"text_format":"1","workbook":"xlsx","n_sheets":24,"sheets":["For GFSC Portal Use Only","Explanatory Note GB","Explanatory Note LTB","Validation Summary LTB","Validation Summary GB","Change Log LTB","Change Log GB","Validation Summary Cat6","Validation Summary Non-Standard","Undertaking Information","Summary GB","Balance Sheet Non-standard","Summary LTB","Balance Sheet LTB","Balance Sheet GB","Market Risk LTB","Market Risk GB","Default Risk LTB","Default Risk GB","Premium Risk","Reserve Risk","Under'g Risk LTB","Factors","Balance Sheet Cat6"],"not_rendered":{"charts":8,"images":3,"macros":1,"external_links":0,"defined_names":35,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"For GFSC Portal Use Only","index":0,"n_rows":27,"n_cols":10,"rows_kept":27,"cut":false,"hidden":true,"merged":[]}
[null,"Form Name","RSA","Name"]
[null,"Form Version","v2.0","Vn.n"]
[]
[null,"Licensee Name",{"$f":"IF('Undertaking Information'!H19=\"Cell\",Cell_Name,Undertaking_Name)","v":0}]
[null,"Name Reference",{"$f":"'Undertaking Information'!D29","v":0}]
[null,"Frequency","A","M,Q,A"]
[]
[null,"Reporting Date",{"$f":"Assessment_Date","v":"00:00:00"},"MONTH YYYY"]
[]
[null,"Mandatory Validation",{"$f":"IF(OR('Undertaking Information'!D25=\"Commercial General Reinsurer\",'Undertaking Information'!D25=\"Commercial General Insurer\",'Undertaking Information'!D25=\"Captive General (Re)insurer\"),IF('Validation Summary GB'!C11=\"OK\",\"T\",\"F\"),IF('Undertaking Information'!D25=\"Category 6\",IF('Validation Summary Cat6'!C11=\"OK\",\"T\",\"F\"),IF('Undertaking Information'!D25=\"Non-standard\",IF('Validation Summary Non-Standard'!C11=\"OK\",\"T\",\"F\"),IF('Validation Summary LTB'!C11=\"OK\",\"T\",\"F\"))))","v":"F"},"T or F"]
[null,null,null," "]
[]
[null,"Optional Validation","T","T or F"]
[]
[]
[]
[null,"Category Validation",{"$f":"VLOOKUP(Bus_Type,'For GFSC Portal Use Only'!H20:I27,2,FALSE)","v":"Cat1"}]
[]
[null,null,null,null,null,null,null,"Business Type Selection","C17 Validation","Old Name"]
[null,null,null,null,null,null,null,"Commercial Life Insurer (Category 1)","Cat1","Commercial Life Insurer"]
[null,null,null,null,null,null,null,"Commercial Life Reinsurer (Category 2)","Cat2","Commercial Life Reinsurer"]
[null,null,null,null,null,null,null,"Commercial General Insurer (Category 3)","Cat3","Commercial General Insurer"]
[null,null,null,null,null,null,null,"Commercial General Reinsurer (Category 4)","Cat4","Commercial General Reinsurer"]
[null,null,null,null,null,null,null,"Captive General (Re)insurer (Category 5)","Cat5 GB","Captive General (Re)insurer"]
[null,null,null,null,null,null,null,"Captive Life (Re)insurer (Category 5)","Cat5 LTB","Captive Life (Re)insurer"]
[null,null,null,null,null,null,null,"Category 6","Cat6","Category 6"]
[null,null,null,null,null,null,null,"Non-standard","NS","Non-standard"]

{"sheet":"Explanatory Note GB","index":1,"n_rows":32,"n_cols":6,"rows_kept":32,"cut":false,"hidden":true,"merged":[[14,1,14,10],[18,1,18,10],[34,1,34,10],[6,1,6,10],[8,1,8,10],[10,1,10,10],[12,1,12,10],[24,5,24,10]]}
[null,"REGULATORY SOLVENCY ASSESSMENT - EXPLANATORY NOTE"]
[]
[]
[]
[null,"GENERAL"]
[]
[null,"The Assessment Workbook is intended to be used by every licensed insurer, including each individual cell of Protected Cell Companies, to calculate their Prescribed Capital Requirement (“PCR”) and Minimum Capital Requirement (“MCR”)."]
[]
[null,"The Assessment Workbook is designed to provide a practical basis for the application of the insurance regulatory capital requirements in Guernsey."]
[]
[null,"Most cells within the workbook are locked to ensure the integrity of the embedded formulae.  "]
[]
[]
[]
[null,"If in doubt about any aspect of the Assessment workbook, please contact the Commission for further guidance."]
[]
[null,"STRUCTURE OF WORKBOOK"]
[]
[null,"The Assessment Workbook is sub divided into a number of tabs.  A brief description of each tab and the colour scheme adopted to indicate who should complete each tab is summarised in the following table."]
[]
[null,null,null,null,"Tab Name","Purpose"]
[]
[null,null,null,null,"Explanatory Note","Explanatory notes to complete the assessment"]
[null,null,null,null,"Undertaking Information","Undertaking and assessment information"]
[null,null,null,null,"Change Log","A summary of the key changes made to the Regulatory Solvency Assessment workbook compared to original 2"]
[null,null,null,null,"Summary","Determines the capital adequacy based on data input in other sheets"]
[null,null,null,null,"Balance Sheet","Information on the accounting and regulatory balance sheet"]
[null,null,null,null,"Market Risk","Determines the capital requirement relating to market risks"]
[null,null,null,null,"Default Risk","Determines the capital requirement relating to counterparty default risks"]
[null,null,null,null,"Premium Risk","Determines the capital requirement related to premium risk"]
[null,null,null,null,"Reserve Risk","Determines the capital requirement related to reserve risk for general business"]
[null,null,null,null,"Factors","Information only and summarises the capital factors for each risk and undertaking type.  "]

{"sheet":"Explanatory Note LTB","index":2,"n_rows":30,"n_cols":6,"rows_kept":30,"cut":false,"hidden":true,"merged":[[24,5,24,10],[33,1,33,10],[6,1,6,10],[8,1,8,10],[10,1,10,10],[12,1,12,10],[14,1,14,10],[18,1,18,10]]}
[null,"REGULATORY SOLVENCY ASSESSMENT - EXPLANATORY NOTE"]
[]
[]
[]
[null,"GENERAL"]
[]
[null,"The Assessment Workbook is intended to be used by every licensed insurer, including each individual cell of Protected Cell Companies, to calculate their Prescribed Capital Requirement (“PCR”) and Minimum Capital Requirement (“MCR”)."]
[]
[null,"The Assessment Workbook is designed to provide a practical basis for the application of the insurance regulatory capital requirements in Guernsey."]
[]
[null,"Most cells within the workbook are locked to ensure the integrity of the embedded formulae.  "]
[]
[]
[]
[null,"If in doubt about any aspect of the Assessment workbook, please contact the Commission for further guidance."]
[]
[null,"STRUCTURE OF WORKBOOK"]
[]
[null,"The Assessment Workbook is sub divided into a number of tabs.  A brief description of each tab and the colour scheme adopted to indicate who should complete each tab is summarised in the following table."]
[]
[null,null,null,null,"Tab Name","Purpose"]
[]
[null,null,null,null,"Explanatory Note","Explanatory notes to complete the assessment"]
[null,null,null,null,"Undertaking Information","Undertaking and assessment information"]
[null,null,null,null,"Change Log","A summary of the key changes made to the Regulatory Solvency Assessment workbook compared to original 2"]
[null,null,null,null,"Summary LTB","Determines the capital adequacy based on data input in other sheets"]
[null,null,null,null,"Balance Sheet LTB","Information on the accounting and regulatory balance sheet"]
[null,null,null,null,"Market Risk LTB","Determines the capital requirement relating to market risks"]
[null,null,null,null,"Under'g Risk LTB","Determines the capital requirement related to reserve risk for general business"]
[null,null,null,null,"Factors","Information only and summarises the capital factors for each risk and undertaking type.  "]

{"sheet":"Validation Summary LTB","index":3,"n_rows":42,"n_cols":12,"rows_kept":42,"cut":false,"hidden":false,"merged":[[40,4,40,9],[41,4,41,9],[35,4,35,9],[36,4,36,9],[6,1,6,9],[8,1,8,9],[37,4,37,9],[38,4,38,9],[39,4,39,9]]}
["VALIDATION SUMMARY",null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"PURPOSE"]
[]
[null,"The purpose of this sheet is to summarise the validation checks performed throughout the assessment workbook."]
[]
[null,"Licensees should check that all validation checks read 'OK' before submitting the Assessment."]
[]
[null,null,{"$f":"IF(L11>0,\"ERROR\",\"OK\")","v":"ERROR"},null,{"$f":"IF(C11=\"ERROR\",L11&\" VALIDATION CHECKS TO REVIEW\",\"ALL VALIDATION CHECKS READ OK\")","v":"9 VALIDATION CHECKS TO REVIEW"},null,null,null,null,null,null,{"$f":"SUM(L15:L42)","v":9}]
[]
[null,"Undertaking Information"]
[]
[null,null,{"$f":"'Undertaking Information'!L7","v":"ERROR"},null,"The date of the current financial year end has been entered",null,null,null,null,null,null,{"$f":"IF(C15=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L9","v":"ERROR"},null,"The date of the prior financial year end is earlier than the date of the current financial year end",null,null,null,null,null,null,{"$f":"IF(C16=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L11","v":"OK"},null,"The reporting currency has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L13","v":"OK"},null,"The rate of exchange has been entered",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L17","v":"ERROR"},null,"The licensee's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L19","v":"OK"},null,"Whether the licensee is a PCC and the corresponding assessment level has been selected",null,null,null,null,null,null,{"$f":"IF(C20=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Undertaking Information'!L21","v":"ERROR"},null,"Whether the cell name has been input, if appropriate"]
[null,null,{"$f":"'Undertaking Information'!L23","v":"ERROR"},null,"If the assessment is for a cell of a PCC, whether the cell has recourse to the core has been selected",null,null,null,null,null,null,{"$f":"IF(C22=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L25","v":"OK"},null,"The business type has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L27","v":"ERROR"},null,"Whether the business is in run-off has been selected",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L29","v":"ERROR"},null,"The GFSC reference number has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L33","v":"ERROR"},null,"The contact's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L35","v":"ERROR"},null,"The contact's e-mail address has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L37","v":"ERROR"},null,"The contact's phone number has been entered",null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,0]
[null,"Balance Sheet"]
[]
[null,null,{"$f":"'Balance Sheet LTB'!H116","v":"OK"},null,"The value of capital resources equals the value of net assets input on the accounting basis",null,null,null,null,null,null,{"$f":"IF(C32=\"ERROR\",1,0)","v":0}]
[]
[null,"Counterparty Default Risk"]
[]
[null,null,{"$f":"'Default Risk LTB'!L18","v":"OK"},null,"The value of 'insurance and intermediaries receivables' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C36=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Default Risk LTB'!L19","v":"OK"},null,"The value of 'reinsurance receivables (other than reserves)' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk LTB'!P6","v":"OK"},null,"The value of 'reinsurance share of reserves' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk LTB'!P7","v":"OK"},null,"The value of 'loans' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk LTB'!P8","v":"OK"},null,"The value of 'cash and cash equivalents' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk LTB'!P9","v":"OK"},null,"The value of 'other on-balance sheet assets' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk LTB'!P10","v":"OK"},null,"The value of 'off-balance sheet available assets' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]

{"sheet":"Validation Summary GB","index":4,"n_rows":67,"n_cols":12,"rows_kept":67,"cut":false,"hidden":true,"merged":[[53,4,53,9],[8,1,8,9],[6,1,6,9],[35,4,35,9],[36,4,36,9],[38,4,38,9],[52,4,52,9],[50,4,50,9],[51,4,51,9],[37,4,37,9],[40,4,40,9],[42,4,43,9],[47,4,47,9],[48,4,48,9],[49,4,49,9],[39,4,39,9],[41,4,41,9]]}
["VALIDATION SUMMARY",null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"PURPOSE"]
[]
[null,"The purpose of this sheet is to summarise the validation checks performed throughout the assessment workbook."]
[]
[null,"Licensees should check that all validation checks read 'OK' before submitting the Assessment."]
[]
[null,null,{"$f":"IF(L11>0,\"ERROR\",\"OK\")","v":"ERROR"},null,{"$f":"IF(C11=\"ERROR\",L11&\" VALIDATION CHECKS TO REVIEW\",\"ALL VALIDATION CHECKS READ OK\")","v":"10 VALIDATION CHECKS TO REVIEW"},null,null,null,null,null,null,{"$f":"SUM(L15:L67)","v":10}]
[]
[null,"Undertaking Information"]
[]
[null,null,{"$f":"'Undertaking Information'!L7","v":"ERROR"},null,"The date of the current financial year end has been entered",null,null,null,null,null,null,{"$f":"IF(C15=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L9","v":"ERROR"},null,"The date of the prior financial year end is earlier than the date of the current financial year end",null,null,null,null,null,null,{"$f":"IF(C16=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L11","v":"OK"},null,"The reporting currency has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L13","v":"OK"},null,"The rate of exchange has been entered",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L17","v":"ERROR"},null,"The licensee's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L19","v":"OK"},null,"Whether the licensee is a PCC and the corresponding assessment level has been selected",null,null,null,null,null,null,{"$f":"IF(C20=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Undertaking Information'!L21","v":"ERROR"},null,"Whether the cell name has been input, if appropriate",null,null,null,null,null,null,{"$f":"IF(C21=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L23","v":"ERROR"},null,"If the assessment is for a cell of a PCC, whether the cell has recourse to the core has been selected",null,null,null,null,null,null,{"$f":"IF(C22=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L25","v":"OK"},null,"The business type has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L27","v":"ERROR"},null,"Whether the business is in run-off has been selected",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L29","v":"ERROR"},null,"The GFSC reference number has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L33","v":"ERROR"},null,"The contact's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L35","v":"ERROR"},null,"The contact's e-mail address has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L37","v":"ERROR"},null,"The contact's phone number has been entered",null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,0]
[null,"Balance Sheet"]
[]
[null,null,{"$f":"'Balance Sheet GB'!H101","v":"OK"},null,"The value of capital resources equals the value of net assets input on the accounting basis",null,null,null,null,null,null,{"$f":"IF(C32=\"ERROR\",1,0)","v":0}]
[]
[null,"Market Risk"]
[]
[null,null,{"$f":"'Market Risk GB'!E31","v":"OK"},null,"The value of assets input in the interest rate stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C36=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Market Risk GB'!E43","v":"OK"},null,"The value of assets input in the spread stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"IF(SUM('Market Risk GB'!AR50:AR59)>0,\"ERROR\",\"OK\")","v":"OK"},null,"The foreign currency exposures are not the same as the reporting currency",null,null,null,null,null,null,0]
[null,null,{"$f":"'Market Risk GB'!K72","v":"OK"},null,"The value of assets input in the equity stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Market Risk GB'!K73","v":"OK"},null,"The value of assets input in the property stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Market Risk GB'!K74","v":"OK"},null,"The value of assets input in the derivative stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Market Risk GB'!K75","v":"OK"},null,"The value of assets input in the 'other investments' stress reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Market Risk GB'!G78","v":"OK"},null,"The total value assets input in the market stresses (excluding currency risk) reconciles with the total value of investment assets (excluding money market funds) shown on the regulatory balance sheet",null,null,null,null,null,null,0]
[]
[]
[null,"Counterparty Default Risk"]
[]
[null,null,{"$f":"'Default Risk GB'!L18","v":"OK"},null,"The value of 'insurance and intermediaries receivables' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C48=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Default Risk GB'!L19","v":"OK"},null,"The value of 'reinsurance receivables (other than reserves)' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk GB'!P6","v":"OK"},null,"The value of 'reinsurance share of reserves' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk GB'!P7","v":"OK"},null,"The value of 'loans' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk GB'!P8","v":"OK"},null,"The value of 'cash and cash equivalents' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk GB'!P9","v":"OK"},null,"The value of 'other on-balance sheet assets' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[null,null,{"$f":"'Default Risk GB'!P10","v":"OK"},null,"The value of 'off-balance sheet available assets' input reconciles with the regulatory balance sheet",null,null,null,null,null,null,0]
[]
[null,"Premium Risk"]
[]
[null,null,{"$f":"'Premium Risk'!F55","v":"OK"},null,"The amount of 'gross written premiums' input reconciles to whether the business is in run-off",null,null,null,null,null,null,{"$f":"IF(C58=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Premium Risk'!H55","v":"OK"},null,"The amount of 'commission' input reconciles to whether the business is in run-off",null,null,null,null,null,null,{"$f":"IF(C59=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Premium Risk'!J55","v":"OK"},null,"The amount of 'ceded premium' input reconciles to whether the business is in run-off",null,null,null,null,null,null,{"$f":"IF(C60=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Premium Risk'!V55","v":"OK"},null,"The amount of 'gross maximum exposure' input is reasonable relative to gross written premiums",null,null,null,null,null,null,{"$f":"IF(C61=\"ERROR\",1,0)","v":0}]
[]
[null,"Reserve Risk"]
[]
[null,null,{"$f":"'Reserve Risk'!F64","v":"OK"},null,"The value of 'gross claim reserves' input equals the value reflected on the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C65=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Reserve Risk'!H64","v":"OK"},null,"The value of 'gross premium reserves' input equals the value reflected on the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C66=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Reserve Risk'!J64","v":"OK"},null,"The value of 'reinsurance share of reserves' input equals the value reflected on the regulatory balance sheet",null,null,null,null,null,null,{"$f":"IF(C67=\"ERROR\",1,0)","v":0}]

{"sheet":"Change Log LTB","index":5,"n_rows":20,"n_cols":11,"rows_kept":20,"cut":false,"hidden":true,"merged":[[10,1,10,10],[11,6,11,8],[14,6,14,8],[19,6,19,8]]}
[null,"REGULATORY SOLVENCY ASSESSMENT "]
[]
[]
[null,"INFORMATION"]
[]
[null,null,null,null,"Current Version:",2]
[]
[]
[]
[null,null,null,null,"Default Risk LTB","P9","Include prepayments in check",null,null,null,"MM"]
[]
[null,null,null,null,"Validation Summary GB","C21,C22","Insert validation of  recourse agreement. Correctly label cell name input",null,null,null,"MM"]
[null,null,null,null,"Undertaking information","D25","Create \"Category 6\" and \"Non-standard\" options",null,null,null,"MM"]
[]
[null,null,null,null,"Various","Various","Create sheets Validation Summary Cat 6, Validation Summary Non-standard, Balance Sheet Non-standard and Balance sheet Cat 6",null,null,null,"MM"]
[]
[null,null,null,null,"Undertaking information","L19","Amend validation to allow \"(PCC)\"",null,null,null,"MM"]
[]
[]
[null,null,null,null,"Summary LTB sheet","D57","Created a GBP MCR cell for long-term and GB to be read by the system. \n\n",null,null,null,"MM"]

{"sheet":"Change Log GB","index":6,"n_rows":23,"n_cols":11,"rows_kept":23,"cut":false,"hidden":true,"merged":[[29,1,29,10],[31,1,31,10],[27,1,27,10],[23,1,23,10],[15,6,15,8],[18,6,18,8],[22,6,22,8],[24,6,24,8]]}
[null,"REGULATORY SOLVENCY ASSESSMENT - CHANGE LOG"]
[]
[]
[null,"INFORMATION"]
[]
[null,null,null,null,"Current Version:",2]
[]
[]
[]
[null,null,null,null,"Change "]
[null,null,null,null,"Sheet","Cell"]
[null,null,null,null,"Default Risk GB","P9","Amend check to include prepayment",null,null,null,"MM"]
[]
[null,null,null,null,"Premium Risk","F55","Amend check to permit nil premium for PCC Core",null,null,null,"MM"]
[]
[null,null,null,null,"Validation Summary GB","C21,C22","Insert validation of  recourse agreement. Correctly label cell name input",null,null,null,"MM"]
[null,null,null,null,"Undertaking information","D25","Create \"Category 6\" and \"Non-standard\" options",null,null,null,"MM"]
[]
[null,null,null,null,"Various","Various","Create sheets Validation Summary Cat 6, Validation Summary Non-standard, Balance Sheet Non-standard and Balance sheet Cat 6",null,null,null,"MM"]
[]
[null,null,null,null,"Undertaking information","L19","Amend validation to allow \"(PCC)\"",null,null,null,"MM"]
[]
[null,null,null,null,"Summary GB sheet","D63","Created a GBP MCR cell for long-term and GB to be read by the system. \n\n",null,null,null,"MM"]

{"sheet":"Validation Summary Cat6","index":7,"n_rows":32,"n_cols":12,"rows_kept":32,"cut":false,"hidden":true,"merged":[[6,1,6,9],[8,1,8,9]]}
["VALIDATION SUMMARY",null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"PURPOSE"]
[]
[null,"The purpose of this sheet is to summarise the validation checks performed throughout the assessment workbook."]
[]
[null,"Licensees should check that all validation checks read 'OK' before submitting the Assessment."]
[]
[null,null,{"$f":"IF(L11>0,\"ERROR\",\"OK\")","v":"ERROR"},null,{"$f":"IF(C11=\"ERROR\",L11&\" VALIDATION CHECKS TO REVIEW\",\"ALL VALIDATION CHECKS READ OK\")","v":"9 VALIDATION CHECKS TO REVIEW"},null,null,null,null,null,null,{"$f":"SUM(L15:L33)","v":9}]
[]
[null,"Undertaking Information"]
[]
[null,null,{"$f":"'Undertaking Information'!L7","v":"ERROR"},null,"The date of the current financial year end has been entered",null,null,null,null,null,null,{"$f":"IF(C15=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L9","v":"ERROR"},null,"The date of the prior financial year end is earlier than the date of the current financial year end",null,null,null,null,null,null,{"$f":"IF(C16=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L11","v":"OK"},null,"The reporting currency has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L13","v":"OK"},null,"The rate of exchange has been entered",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L17","v":"ERROR"},null,"The licensee's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L19","v":"OK"},null,"Whether the licensee is a PCC and the corresponding assessment level has been selected",null,null,null,null,null,null,{"$f":"IF(C20=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Undertaking Information'!L21","v":"ERROR"},null,"Whether the cell name has been input, if appropriate"]
[null,null,{"$f":"'Undertaking Information'!L23","v":"ERROR"},null,"If the assessment is for a cell of a PCC, whether the cell has recourse to the core has been selected",null,null,null,null,null,null,{"$f":"IF(C22=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L25","v":"OK"},null,"The business type has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L27","v":"ERROR"},null,"Whether the business is in run-off has been selected",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L29","v":"ERROR"},null,"The GFSC reference number has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L33","v":"ERROR"},null,"The contact's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L35","v":"ERROR"},null,"The contact's e-mail address has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L37","v":"ERROR"},null,"The contact's phone number has been entered",null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,0]
[null,"Balance Sheet"]
[]
[null,null,{"$f":"'Balance Sheet Cat6'!D87","v":"OK"},null,"The value of capital resources equals the value of net assets input on the accounting basis",null,null,null,null,null,null,{"$f":"IF(C32=\"ERROR\",1,0)","v":0}]

{"sheet":"Validation Summary Non-Standard","index":8,"n_rows":32,"n_cols":12,"rows_kept":32,"cut":false,"hidden":true,"merged":[[6,1,6,9],[8,1,8,9]]}
["VALIDATION SUMMARY",null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"PURPOSE"]
[]
[null,"The purpose of this sheet is to summarise the validation checks performed throughout the assessment workbook."]
[]
[null,"Licensees should check that all validation checks read 'OK' before submitting the Assessment."]
[]
[null,null,{"$f":"IF(L11>0,\"ERROR\",\"OK\")","v":"ERROR"},null,{"$f":"IF(C11=\"ERROR\",L11&\" VALIDATION CHECKS TO REVIEW\",\"ALL VALIDATION CHECKS READ OK\")","v":"9 VALIDATION CHECKS TO REVIEW"},null,null,null,null,null,null,{"$f":"SUM(L15:L33)","v":9}]
[]
[null,"Undertaking Information"]
[]
[null,null,{"$f":"'Undertaking Information'!L7","v":"ERROR"},null,"The date of the current financial year end has been entered",null,null,null,null,null,null,{"$f":"IF(C15=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L9","v":"ERROR"},null,"The date of the prior financial year end is earlier than the date of the current financial year end",null,null,null,null,null,null,{"$f":"IF(C16=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L11","v":"OK"},null,"The reporting currency has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L13","v":"OK"},null,"The rate of exchange has been entered",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L17","v":"ERROR"},null,"The licensee's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L19","v":"OK"},null,"Whether the licensee is a PCC and the corresponding assessment level has been selected",null,null,null,null,null,null,{"$f":"IF(C20=\"ERROR\",1,0)","v":0}]
[null,null,{"$f":"'Undertaking Information'!L21","v":"ERROR"},null,"Whether the cell name has been input, if appropriate"]
[null,null,{"$f":"'Undertaking Information'!L23","v":"ERROR"},null,"If the assessment is for a cell of a PCC, whether the cell has recourse to the core has been selected",null,null,null,null,null,null,{"$f":"IF(C22=\"ERROR\",1,0)","v":1}]
[null,null,{"$f":"'Undertaking Information'!L25","v":"OK"},null,"The business type has been selected",null,null,null,null,null,null,0]
[null,null,{"$f":"'Undertaking Information'!L27","v":"ERROR"},null,"Whether the business is in run-off has been selected",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L29","v":"ERROR"},null,"The GFSC reference number has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L33","v":"ERROR"},null,"The contact's name has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L35","v":"ERROR"},null,"The contact's e-mail address has been entered",null,null,null,null,null,null,1]
[null,null,{"$f":"'Undertaking Information'!L37","v":"ERROR"},null,"The contact's phone number has been entered",null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,0]
[null,"Balance Sheet"]
[]
[null,null,{"$f":"'Balance Sheet Non-standard'!D117","v":"OK"},null,"The value of capital resources equals the value of net assets input on the accounting basis",null,null,null,null,null,null,{"$f":"IF(C32=\"ERROR\",1,0)","v":0}]

{"sheet":"Undertaking Information","index":9,"n_rows":131,"n_cols":12,"rows_kept":131,"cut":false,"hidden":false,"merged":[[0,7,0,8],[1,7,1,8],[34,3,34,7],[36,3,36,5],[45,1,45,9],[40,3,40,7],[6,3,6,5],[16,3,16,7],[32,3,32,7],[24,3,24,6],[8,3,8,5],[20,3,20,7],[55,1,55,8],[47,1,47,9],[51,1,51,9],[53,1,53,9],[49,1,49,9]]}
["Undertaking Information",null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[null,"v.2.0"]
[]
[null,"ASSESSMENT INFORMATION"]
[]
[null,"Current Financial Year End",null,null,null,null,null,null,null,null,null,{"$f":"IF(D7=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"Previous Financial Year End",null,null,null,null,null,null,null,null,null,{"$f":"IF(D9>=Assessment_Date,\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"Reporting Currency",null,"GBP",{"$f":"OFFSET(B58,MATCH(D11,C58:C131,0)-1,0)","v":"United Kingdom Pounds"},null,null,null,null,null,null,{"$f":"IF(D11=\"\",\"ERROR\",\"OK\")","v":"OK"}]
[]
[null,"Rate of exchange","£1 GBP = ",1,null,null,null,null,null,null,null,{"$f":"IF(OR(D13=\"\",AND(Reporting_Currency=\"GBP\",D13<>1), AND(Reporting_Currency<>\"GBP\",D13=1)),\"ERROR\",\"OK\")","v":"OK"}]
[]
[null,"UNDERTAKING INFORMATION"]
[]
[null,"Licensee Name",null,null,null,null,null,null,null,null,null,{"$f":"IF(D17=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"Protected Cell Company",null,null,null,"Assessment Level",null,null,null,null,null,{"$f":"IF(OR(AND(ISERROR(FIND(\"PCC\",$D$17))=FALSE,D19=\"No\"),AND(ISERROR(FIND(\"PCC\",$D$17))=TRUE,D19=\"yes\"),AND(D19=\"Yes\",H19=\"n/a\"),AND(D19=\"No\",H19<>\"n/a\")),\"ERROR\",\"OK\")","v":"OK"}]
[]
[null,"Cell/Core Name",null,null,null,null,null,null,null,null,null,{"$f":"IF(OR(AND(D19=\"No\",Cell_Name=\"\"),AND(D19=\"Yes\",Cell_Name<>\"\")),\"OK\",\"ERROR\")","v":"ERROR"}]
[]
[null,"Recourse Agreement with Core",null,null,null,null,null,null,null,null,null,{"$f":"IF(OR(AND(D19=\"No\",D23=\"n/a\"),AND(D19=\"Yes\",H19=\"Core\",D23=\"n/a\"),AND(D19=\"Yes\",H19=\"Cell\",D23<>\"n/a\")),\"OK\",\"ERROR\")","v":"ERROR"}]
[]
[null,"Business Type",null,"Commercial Life Insurer (Category 1)",null,null,null,null,null,null,null,{"$f":"IF(D25=\"\",\"ERROR\",\"OK\")","v":"OK"}]
[]
[null,"Business in Run-off?",null,null,null,null,null,null,null,null,null,{"$f":"IF(D27=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"GFSC Reference Number",null,null,null,null,null,null,null,null,null,{"$f":"IF(D29=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"CONTACT INFORMATION"]
[]
[null,"Contact Name",null,null,null,null,null,null,null,null,null,{"$f":"IF(D33=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"E-mail Address",null,null,null,null,null,null,null,null,null,{"$f":"IF(D35=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"Phone Number",null,null,null,null,null,null,null,null,null,{"$f":"IF(D37=\"\",\"ERROR\",\"OK\")","v":"ERROR"}]
[]
[null,"COMMENTS"]
[]
[null,"Comments",null,"<Enter Comments>"]
[]
[]
[]
[null,"Business Type"]
[null,"Commercial Life Insurer: a long-term insurer with any element of unrelated party business.",null,null,null,null,null,null,null,null,null,"Category 1"]
[]
[null,"Commercial Life Reinsurer: a long-term reinsurer with any element of unrelated party business.",null,null,null,null,null,null,null,null,null,"Category 2"]
[]
[null,"Commercial General Insurer: a general insurer with an element of unrelated party business.",null,null,null,null,null,null,null,null,null,"Category 3"]
[]
[null,"Commercial General Reinsurer: a general reinsurer providing reinsurance to a commercial insurer, whether or not part of the same group, and with no direct business.",null,null,null,null,null,null,null,null,null,"Category 4"]
[]
[null,"Captive Life/General (Re)Insurer: an insurance or reinsurance entity created and owned, directly or indirectly, by one or more industrial, commercial or financial entities or associations, the purpose of which is to provide insurance or reinsurance cover for risks (other than commercial insurance risks)  of the entity or entities to which it belongs, or for entities connected to those entities. ",null,null,null,null,null,null,null,null,null,"Category 5"]
[]
[null,"Special Purpose Insurers as defined under the Insurance Business (Special Purpose Insurer) Rules 2016; or entities that the Commission agrees in writing may fall into this category. This category is primarily intended for insurer’s whose underwriting and counterparty credit risk are effectively eliminated - examples of these would include transformer cells, fully collateralised catastrophe cells, ILS cells and fully funded entities.\n",null,null,null,null,null,null,null,null,null,"Category 6"]
[]
[null,{"$f":"Factors!B284","v":"United Kingdom Pounds"},{"$f":"Factors!C284","v":"GBP"}]
[null,{"$f":"Factors!B285","v":"Euro"},{"$f":"Factors!C285","v":"EUR"}]
[null,{"$f":"Factors!B286","v":"United States Dollars"},{"$f":"Factors!C286","v":"USD"}]
[null,{"$f":"Factors!B287","v":"Sweden Kronor"},{"$f":"Factors!C287","v":"SEK"}]
[null,{"$f":"Factors!B288","v":"South Africa Rand"},{"$f":"Factors!C288","v":"ZAR"}]
[null,{"$f":"Factors!B289","v":"United Arab Emirates Dirhams"},{"$f":"Factors!C289","v":"AED"}]
[null,{"$f":"Factors!B290","v":"Afghanistan Afghanis"},{"$f":"Factors!C290","v":"AFN"}]
[null,{"$f":"Factors!B291","v":"Albania Leke"},{"$f":"Factors!C291","v":"ALL"}]
[null,{"$f":"Factors!B292","v":"Argentina Pesos"},{"$f":"Factors!C292","v":"ARS"}]
[null,{"$f":"Factors!B293","v":"Australia Dollars"},{"$f":"Factors!C293","v":"AUD"}]
[null,{"$f":"Factors!B294","v":"Barbados Dollars"},{"$f":"Factors!C294","v":"BBD"}]
[null,{"$f":"Factors!B295","v":"Bangladesh Taka"},{"$f":"Factors!C295","v":"BDT"}]
[null,{"$f":"Factors!B296","v":"Bulgaria Leva"},{"$f":"Factors!C296","v":"BGN"}]
[null,{"$f":"Factors!B297","v":"Bahrain Dinars"},{"$f":"Factors!C297","v":"BHD"}]
[null,{"$f":"Factors!B298","v":"Bermuda Dollars"},{"$f":"Factors!C298","v":"BMD"}]
[null,{"$f":"Factors!B299","v":"Brazil Reais"},{"$f":"Factors!C299","v":"BRL"}]
[null,{"$f":"Factors!B300","v":"Bahamas Dollars"},{"$f":"Factors!C300","v":"BSD"}]
[null,{"$f":"Factors!B301","v":"Canada Dollars"},{"$f":"Factors!C301","v":"CAD"}]
[null,{"$f":"Factors!B302","v":"Switzerland Francs"},{"$f":"Factors!C302","v":"CHF"}]
[null,{"$f":"Factors!B303","v":"Chile Pesos"},{"$f":"Factors!C303","v":"CLP"}]
[null,{"$f":"Factors!B304","v":"China Yuan Renminbi"},{"$f":"Factors!C304","v":"CNY"}]
[null,{"$f":"Factors!B305","v":"Colombia Pesos"},{"$f":"Factors!C305","v":"COP"}]
[null,{"$f":"Factors!B306","v":"Costa Rica Colones"},{"$f":"Factors!C306","v":"CRC"}]
[null,{"$f":"Factors!B307","v":"Czech Republic Koruny"},{"$f":"Factors!C307","v":"CZK"}]
[null,{"$f":"Factors!B308","v":"Denmark Kroner"},{"$f":"Factors!C308","v":"DKK"}]
[null,{"$f":"Factors!B309","v":"Dominican Republic Pesos"},{"$f":"Factors!C309","v":"DOP"}]
[null,{"$f":"Factors!B310","v":"Algeria Dinars"},{"$f":"Factors!C310","v":"DZD"}]
[null,{"$f":"Factors!B311","v":"Estonia Krooni"},{"$f":"Factors!C311","v":"EEK"}]
[null,{"$f":"Factors!B312","v":"Egypt Pounds"},{"$f":"Factors!C312","v":"EGP"}]
[null,{"$f":"Factors!B313","v":"Fiji Dollars"},{"$f":"Factors!C313","v":"FJD"}]
[null,{"$f":"Factors!B314","v":"Hong Kong Dollars"},{"$f":"Factors!C314","v":"HKD"}]
[null,{"$f":"Factors!B315","v":"Croatia Kuna"},{"$f":"Factors!C315","v":"HRK"}]
[null,{"$f":"Factors!B316","v":"Hungary Forint"},{"$f":"Factors!C316","v":"HUF"}]
[null,{"$f":"Factors!B317","v":"Indonesia Rupiahs"},{"$f":"Factors!C317","v":"IDR"}]
[null,{"$f":"Factors!B318","v":"Israel New Shekels"},{"$f":"Factors!C318","v":"ILS"}]
[null,{"$f":"Factors!B319","v":"India Rupees"},{"$f":"Factors!C319","v":"INR"}]
[null,{"$f":"Factors!B320","v":"Iraq Dinars"},{"$f":"Factors!C320","v":"IQD"}]
[null,{"$f":"Factors!B321","v":"Iran Rials"},{"$f":"Factors!C321","v":"IRR"}]
[null,{"$f":"Factors!B322","v":"Iceland Kronur"},{"$f":"Factors!C322","v":"ISK"}]
[null,{"$f":"Factors!B323","v":"Jamaica Dollars"},{"$f":"Factors!C323","v":"JMD"}]
[null,{"$f":"Factors!B324","v":"Jordan Dinars"},{"$f":"Factors!C324","v":"JOD"}]
[null,{"$f":"Factors!B325","v":"Japan Yen"},{"$f":"Factors!C325","v":"JPY"}]
[null,{"$f":"Factors!B326","v":"Kenya Shillings"},{"$f":"Factors!C326","v":"KES"}]
[null,{"$f":"Factors!B327","v":"South Korea Won"},{"$f":"Factors!C327","v":"KRW"}]
[null,{"$f":"Factors!B328","v":"Kuwait Dinars"},{"$f":"Factors!C328","v":"KWD"}]
[null,{"$f":"Factors!B329","v":"Lebanon Pounds"},{"$f":"Factors!C329","v":"LBP"}]
[null,{"$f":"Factors!B330","v":"Sri Lanka Rupees"},{"$f":"Factors!C330","v":"LKR"}]
[null,{"$f":"Factors!B331","v":"Lithuania LItas"},{"$f":"Factors!C331","v":"LTL"}]
[null,{"$f":"Factors!B332","v":"Latvia Lats"},{"$f":"Factors!C332","v":"LVL"}]
[null,{"$f":"Factors!B333","v":"Morocco Dirhams"},{"$f":"Factors!C333","v":"MAD"}]
[null,{"$f":"Factors!B334","v":"Mauritius Rupees"},{"$f":"Factors!C334","v":"MUR"}]
[null,{"$f":"Factors!B335","v":"Mexico Pesos"},{"$f":"Factors!C335","v":"MXN"}]
[null,{"$f":"Factors!B336","v":"Malaysia Ringgits"},{"$f":"Factors!C336","v":"MYR"}]
[null,{"$f":"Factors!B337","v":"Norway Kroner"},{"$f":"Factors!C337","v":"NOK"}]
[null,{"$f":"Factors!B338","v":"New Zealand Dollars"},{"$f":"Factors!C338","v":"NZD"}]
[null,{"$f":"Factors!B339","v":"Oman Rials"},{"$f":"Factors!C339","v":"OMR"}]
[null,{"$f":"Factors!B340","v":"Peru Nuevos Soles"},{"$f":"Factors!C340","v":"PEN"}]
[null,{"$f":"Factors!B341","v":"Philippines Pesos"},{"$f":"Factors!C341","v":"PHP"}]
[null,{"$f":"Factors!B342","v":"Pakistan Rupees"},{"$f":"Factors!C342","v":"PKR"}]
[null,{"$f":"Factors!B343","v":"Poland Zlotych"},{"$f":"Factors!C343","v":"PLN"}]
[null,{"$f":"Factors!B344","v":"Qatar Riyals"},{"$f":"Factors!C344","v":"QAR"}]
[null,{"$f":"Factors!B345","v":"Romania New Lei"},{"$f":"Factors!C345","v":"RON"}]
[null,{"$f":"Factors!B346","v":"Russia Rubles"},{"$f":"Factors!C346","v":"RUB"}]
[null,{"$f":"Factors!B347","v":"Saudi Arabia Riyals"},{"$f":"Factors!C347","v":"SAR"}]
[null,{"$f":"Factors!B348","v":"Sudan Pounds"},{"$f":"Factors!C348","v":"SDG"}]
[null,{"$f":"Factors!B349","v":"Singapore Dollars"},{"$f":"Factors!C349","v":"SGD"}]
[null,{"$f":"Factors!B350","v":"Thailand Baht"},{"$f":"Factors!C350","v":"THB"}]
[null,{"$f":"Factors!B351","v":"Tunisia Dinars"},{"$f":"Factors!C351","v":"TND"}]
[null,{"$f":"Factors!B352","v":"Turkey Lira"},{"$f":"Factors!C352","v":"TRY"}]
[null,{"$f":"Factors!B353","v":"Trinidad and Tobago Dollars"},{"$f":"Factors!C353","v":"TTD"}]
[null,{"$f":"Factors!B354","v":"Taiwan New Dollars"},{"$f":"Factors!C354","v":"TWD"}]
[null,{"$f":"Factors!B355","v":"Venezuela Bolivares Fuertes"},{"$f":"Factors!C355","v":"VEF"}]
[null,{"$f":"Factors!B356","v":"Vietnam Dong"},{"$f":"Factors!C356","v":"VND"}]
[null,{"$f":"Factors!B357","v":"Zambia Kwacha"},{"$f":"Factors!C357","v":"ZMK"}]

{"sheet":"Summary GB","index":10,"n_rows":106,"n_cols":20,"rows_kept":106,"cut":false,"hidden":true,"merged":[[1,13,1,14]]}
["Guernsey Regulatory Capital Assessment",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"'Undertaking Information'!D11","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[]
[null,"MINIMUM CAPITAL REQUIREMENT (\"MCR\")",null,{"$f":"Assessment_Date","v":"00:00:00"},null,{"$f":"'Undertaking Information'!D9","v":"00:00:00"}]
[]
[null,"Premium Based Computation"]
[null,"   Gross Written Premiums over the last 12-month period",null,0,null,0]
[null,"   Adjustments","Info",0,null,0]
[null,"   Premium Based Minimum Requirement",{"$f":"Factors!C28","v":"n/a"},{"$f":"ROUND(MAX(0,D9-D10)*C11,0)","v":{"$error":"#VALUE!"}},null,{"$f":"ROUND(MAX(0,F9-F10)*C11,0)","v":{"$error":"#VALUE!"}}]
[]
[null,"Reserve Based Computation"]
[null,"    Residual Reserve Exposure",null,{"$f":"'Reserve Risk'!N62","v":0},null,0]
[null,"    Reserve Based Minimum Requirement",{"$f":"Factors!D28","v":2.5000000000000001E-2},{"$f":"ROUND(D14*C15,0)","v":0},null,{"$f":"ROUND(F14*C15,0)","v":0}]
[]
[null,"Unadjusted MCR",null,{"$f":"MAX(D11,D15)","v":{"$error":"#VALUE!"}},null,{"$f":"MAX(F11,F15)","v":{"$error":"#VALUE!"}}]
[]
[null,"Capital Floor",null,{"$f":"Factors!$D$38","v":250000},null,0]
[]
[null,"MCR (Subject to Capital Floor)",null,{"$f":"MAX(D17,D19)","v":{"$error":"#VALUE!"}},null,{"$f":"MAX(F17,F19)","v":{"$error":"#VALUE!"}}]
[]
[null,"Regulatory Adjustment",null,0,null,0]
[]
[null,"MCR (After Regulatory Adjustment)",null,{"$f":"MAX(0,D21+D23)","v":{"$error":"#VALUE!"}},null,{"$f":"MAX(0,F21+F23)","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,{"$f":"D25/'Undertaking Information'!D13","v":{"$error":"#VALUE!"}}]
[]
[null,"PRESCRIBED CAPITAL REQUIREMENT (\"PCR\")",null,{"$f":"D6","v":"00:00:00"},null,{"$f":"'Undertaking Information'!D9","v":"00:00:00"}]
[]
[null,"Market Risk",null,{"$f":"'Market Risk GB'!$I$16","v":{"$error":"#VALUE!"}},null,0]
[null,"Counterparty Default Risk",null,{"$f":"'Default Risk GB'!F10","v":0},null,0]
[null,"Premium Risk",null,{"$f":"'Premium Risk'!F23","v":0},null,0]
[null,"Reserve Risk",null,{"$f":"'Reserve Risk'!F23","v":0},null,0]
[]
[null,"Unadjusted PCR",null,{"$f":"SUM(D29:D32)","v":{"$error":"#VALUE!"}},null,{"$f":"SUM(F29:F32)","v":0}]
[]
[null,"Diversification Adjustment",null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(D29:D32),Factors!$C$61:$F$64),D29:D32))-D34","v":{"$error":"#VALUE!"}},null,0]
[]
[null,"Regulatory Adjustment",null,0,null,0]
[]
[null,"PCR (After Diversification and Regulatory Adjustment)",null,{"$f":"MAX(0,D34+D36+D38)","v":{"$error":"#VALUE!"}},null,{"$f":"MAX(0,F34+F36+F38)","v":0}]
[]
[null,"PCR (Subject to MCR Floor)",null,{"$f":"MAX(D40,D25)","v":{"$error":"#VALUE!"}},null,{"$f":"MAX(F40,F25)","v":{"$error":"#VALUE!"}}]
[]
[null,"REGULATORY CAPITAL RESOURCES",null,{"$f":"D6","v":"00:00:00"},null,{"$f":"'Undertaking Information'!D9","v":"00:00:00"}]
[]
[null,"Accounting Basis",null,{"$f":"'Balance Sheet GB'!$D$99","v":0},null,0]
[null,"Basis Adjustments",null,{"$f":"'Balance Sheet GB'!$F$99","v":0},null,0]
[null,"Regulatory Adjustment",null,0,null,0]
[null,"Regulatory Capital Resources to Meet PCR",null,{"$f":"D46+D47+D48","v":0},null,{"$f":"F46+F47+F48","v":0}]
[]
[null,"Off-Balance Sheet Assets Not Eligible to Meet MCR",null,{"$f":"-'Balance Sheet GB'!$H$107","v":0},null,0]
[null,"Regulatory Adjustment",null,0,null,0]
[null,"Regulatory Capital Resources to Meet MCR",null,{"$f":"MAX(D49+D52+D51,0)","v":0},null,{"$f":"MAX(F49+F52+F51,0)","v":0}]
[]
[null,"RATIOS",null,{"$f":"D44","v":"00:00:00"},null,{"$f":"'Undertaking Information'!D9","v":"00:00:00"}]
[]
[null,"PCR Ratio",null,{"$f":"IF(D$49=0,0,D$49/D42)","v":0},null,{"$f":"IF(F$49=0,0,F$49/F42)","v":0}]
[]
[null,"MCR Ratio",null,{"$f":"IF(D$53=0,0,D$53/$D$25)","v":0},null,{"$f":"IF(F$53=0,0,F$53/$F$25)","v":0}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,"Figure 1: Analysis of Total Regulatory Assets"]
[null,null,null,null,null,null,null,null,null,null,null,"Fixed Assets",{"$f":"'Balance Sheet GB'!H11","v":0},{"$f":"M68+(ROWS(M$68:M68)/1000*(M68<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N68)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N68)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N68)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Bonds",{"$f":"'Balance Sheet GB'!H14+'Balance Sheet GB'!H15","v":0},{"$f":"M69+(ROWS(M$68:M69)/1000*(M69<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N69)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N69)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N69)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Equities",{"$f":"'Balance Sheet GB'!H16","v":0},{"$f":"M70+(ROWS(M$68:M70)/1000*(M70<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N70)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N70)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N70)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Property",{"$f":"'Balance Sheet GB'!H17","v":0},{"$f":"M71+(ROWS(M$68:M71)/1000*(M71<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N71)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N71)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N71)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Derivatives",{"$f":"'Balance Sheet GB'!H18","v":0},{"$f":"M72+(ROWS(M$68:M72)/1000*(M72<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N72)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N72)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N72)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Investment Funds",{"$f":"'Balance Sheet GB'!H19","v":0},{"$f":"M73+(ROWS(M$68:M73)/1000*(M73<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N73)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N73)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N73)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Deposits",{"$f":"'Balance Sheet GB'!H20","v":0},{"$f":"M74+(ROWS(M$68:M74)/1000*(M74<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N74)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N74)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N74)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Other investments",{"$f":"'Balance Sheet GB'!H21","v":0},{"$f":"M75+(ROWS(M$68:M75)/1000*(M75<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N75)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N75)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N75)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Loans",{"$f":"'Balance Sheet GB'!H27","v":0},{"$f":"M76+(ROWS(M$68:M76)/1000*(M76<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N76)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N76)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N76)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Receivables",{"$f":"'Balance Sheet GB'!H30+'Balance Sheet GB'!H31","v":0},{"$f":"M77+(ROWS(M$68:M77)/1000*(M77<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N77)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N77)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N77)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Reinsurance Share of Reserves",{"$f":"'Balance Sheet GB'!H33+'Balance Sheet GB'!H32","v":0},{"$f":"M78+(ROWS(M$68:M78)/1000*(M78<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N78)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N78)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N78)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Debtors and Prepayments",{"$f":"'Balance Sheet GB'!H38","v":0},{"$f":"M79+(ROWS(M$68:M79)/1000*(M79<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N79)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N79)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N79)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Cash",{"$f":"'Balance Sheet GB'!H39","v":0},{"$f":"M80+(ROWS(M$68:M80)/1000*(M80<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N80)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N80)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N80)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Other Assets",{"$f":"'Balance Sheet GB'!H34+'Balance Sheet GB'!H40+'Balance Sheet GB'!H41","v":0},{"$f":"M81+(ROWS(M$68:M81)/1000*(M81<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N81)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N81)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N81)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Off-Balance Sheet Assets",{"$f":"'Balance Sheet GB'!H49","v":0},{"$f":"M82+(ROWS(M$68:M82)/1000*(M82<>0))","v":0},{"$f":"MATCH(SMALL($N$68:$N$82,COUNTIF($N$68:$N$82,0)+ROWS(N$68:N82)),$N$68:$N$82,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N82)),1),N$68:N$82,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$67,MATCH(INDEX($N$68:$N$82,SMALL(OFFSET(O$68,0,0,COUNTIF($N$68:$N$82,\">0\"),1),ROWS(N$68:N82)),1),N$68:N$82,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"TOTAL",{"$f":"SUM(M67:M82)","v":0},{"$f":"M83/$M$83","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,"Figure 2: Analysis of Uncapped PCR"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mkt\nRisk","Default\nRisk","Prem\nRisk","Rsv\nRisk","Div.\nEffects","GFSC\nAdj"]
[null,null,null,null,null,null,null,null,null,null,null,"Invisible","Capital Req't",null,"1. Market Risk","2. Counterparty Default Risk","3. Prem Risk","4. Reserve Risk","Div Effects","Capital Add-on / Red'n"]
[]
[null,null,null,null,null,null,null,null,null,null,"Market Risk",0,null,null,{"$f":"$D29/$D$40","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"Counterparty Default Risk",{"$f":"SUM(L90,O90:T90)-T91","v":{"$error":"#VALUE!"}},null,null,null,{"$f":"$D30/$D$40","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"Premium Risk",{"$f":"SUM(L91,O91:T91)-T92","v":{"$error":"#VALUE!"}},null,null,null,null,{"$f":"$D31/$D$40","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"Reserve Risk",{"$f":"SUM(L92,O92:T92)-T93","v":{"$error":"#VALUE!"}},null,null,null,null,null,{"$f":"$D32/$D$40","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"Diversification Effect",{"$f":"SUM(L93,O93:T93)-S94","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,{"$f":"-$D36/$D$40","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"GFSC Adjustment",{"$f":"IF(D38>0,L94,1)","v":1},null,null,null,null,null,null,null,{"$f":"ABS($D38/$D$40)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,"PCR",null,1]
[]
[null,null,null,null,null,null,null,null,null,null,"Figure 3: Regulatory Capital Resources to Meet MCR and PCR"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"MCR","PCR"]
[null,null,null,null,null,null,null,null,null,null,null,null,"Capital Requirement",{"$f":"D25","v":{"$error":"#VALUE!"}},{"$f":"D42","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,"Capital Resources",{"$f":"D53","v":0},{"$f":"D49","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,"Figure 3: Movement of Regulatory Ladders of Intervention over Past Year\n"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"MCR","PCR"]
[null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"DAY('Undertaking Information'!$D$9)&\"/\"&MONTH('Undertaking Information'!$D$9)&\"/\"&YEAR('Undertaking Information'!$D$9)&\"                           \"","v":"0/1/1900                           "},{"$f":"F25","v":{"$error":"#VALUE!"}},{"$f":"F42","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"DAY(Assessment_Date)&\"/\"&MONTH(Assessment_Date)&\"/\"&YEAR(Assessment_Date)&\"                              \"","v":"0/1/1900                              "},{"$f":"D25","v":{"$error":"#VALUE!"}},{"$f":"D42","v":{"$error":"#VALUE!"}}]

{"sheet":"Balance Sheet Non-standard","index":11,"n_rows":130,"n_cols":4,"rows_kept":130,"cut":false,"hidden":true,"merged":[[131,1,131,2],[4,1,4,2],[51,1,51,2],[95,1,95,2],[129,0,129,6],[130,1,130,2],[143,1,143,2],[132,1,132,2],[133,1,133,2],[134,1,134,2],[135,1,135,2],[136,1,136,2],[137,1,137,2],[138,1,138,2],[139,1,139,2],[140,1,140,2],[141,1,141,2],[142,1,142,2]]}
["REGULATORY BALANCE SHEET",null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[null,null,null,"Info"]
[null,"ASSETS",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Fixed Assets"]
[null,null,"Tangible",0]
[null,null,"Intangible",0]
[null,null,"Total",{"$f":"D9+D10","v":0}]
[]
[null,"Investments"]
[null,null,"Bonds - government",0]
[null,null,"Bonds - corporate",0]
[null,null,"Equity/other shares",0]
[null,null,"Structured notes",0]
[null,null,"Property",0]
[null,null,"Derivatives",0]
[null,null,"Investment funds",0]
[null,null,"Deposits",0]
[null,null,"Other investments",0]
[null,null,"Total",{"$f":"SUM(D14:D22)","v":0}]
[]
[null,"Loans"]
[null,null,"Loans to associated parties",0]
[null,null,"Other loans",0]
[null,null,"Total",{"$f":"SUM(D26:D27)","v":0}]
[]
[null,"Technical Assets"]
[null,null,"Insurance and intermediaries receivables",0]
[null,null,"Reinsurance receivables (other than reserves or TP)",0]
[null,null,"Reinsurance share of premium reserves",0]
[null,null,"Reinsurance share of claim reserves",0]
[null,null,"Reinsurance share of TP - linked business",0]
[null,null,"Reinsurance share of TP - non-linked business",0]
[null,null,"Other technical assets",0]
[null,null,"Total",{"$f":"SUM(D31:D37)","v":0}]
[]
[null,"Other Assets"]
[null,null,"Prepayments and other debtors",0]
[null,null,"Pension benefit surplus",0]
[null,null,"Cash and cash equivalents",0]
[null,null,"Deferred acquisition costs",0]
[null,null,"Other assets, not elsewhere shown",0]
[null,null,"Total",{"$f":"SUM(D41:D45)","v":0}]
[]
[]
[null,"TOTAL ASSETS",null,{"$f":"D11+D23+D28+D38+D46","v":0}]
[]
[]
[null,"LIABILITIES",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Technical Provisions"]
[null,null,"(Re)insurance accounts payable",0]
[null,null,"Premium reserves",0]
[null,null,"Claim reserves",0]
[null,null,"Risk Margin / Contingency",0]
[null,null,"Other technical liabilities",0]
[null,null,"Total",{"$f":"SUM(D56:D60)","v":0}]
[]
[null,"Gross Technical Provisions - Linked Business"]
[null,null,"Current estimate",0]
[null,null,"Risk margin",0]
[null,null,"Other margins",0]
[null,null,"Total",{"$f":"SUM(D64:D66)","v":0}]
[]
[null,"Gross Technical Provisions - Non Linked Business"]
[null,null,"Current estimate",0]
[null,null,"Risk margin",0]
[null,null,"Other margins",0]
[null,null,"Total",{"$f":"SUM(D70:D72)","v":0}]
[]
[null,"Loans"]
[null,null,"Subordinated loans",0]
[null,null,"Unsubordinated loans",0]
[null,null,"Total",{"$f":"SUM(D76:D77)","v":0}]
[]
[null,"Other Liabilities"]
[null,null,"Accruals and other creditors",0]
[null,null,"(Re)insurance account payable",0]
[null,null,"Provisions other than technical provisions",0]
[null,null,"Derivatives",0]
[null,null,"Pension benefit obligations",0]
[null,null,"Doubtful debt provision",0]
[null,null,"Other liabilities, not elsewhere shown",0]
[null,null,"Total",{"$f":"SUM(D81:D87)","v":0}]
[]
[]
[null,"TOTAL LIABILITIES",null,{"$f":"D61+D78+D88+D67+D73","v":0}]
[]
[null,"NET ASSETS",null,{"$f":"D49-D91","v":0}]
[]
[]
[null,"CAPITAL RESOURCES",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Capital and Reserves"]
[null,null,"Share capital",0]
[null,null,"Share premium",0]
[null,null,"Initial fund",0]
[null,null,"Surplus fund",0]
[null,null,"Retained earnings",0]
[null,null,"Other capital resources",0]
[null,null,"Other items not specified above",0]
[null,null,"Total",{"$f":"SUM(D100:D106)","v":0}]
[]
[null,"Reconciliation Reserve"]
[null,null,"Adjustments to assets",0]
[null,null,"Adjustments to technical liabilities",0]
[null,null,"Adjustments to other liabilities",0]
[null,null,"Total",{"$f":"SUM(D110:D112)","v":0}]
[]
[null,"TOTAL CAPITAL RESOURCES",null,{"$f":"D107+D113","v":0}]
[]
[null,null,null,{"$f":"IF(ABS(D93-D115)<2,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"Off-Balance Sheet Assets"]
[null,null,"Type 1 letters of credit",0]
[null,null,"Type 2 letters of credit",0]
[null,null,"Issued but uncalled capital",0]
[null,null,"Other off-balance sheet assets",0]
[null,null,"Total",{"$f":"SUM(D120:D123)","v":0}]
[]
[null,"Off-Balance Sheet Liabilties",null,0]
[]
[]
[]
[null,"·         Intangible fixed assets — no value is attached to them in the regulatory balance sheet, which is achieved by a negative adjustment equal to the value on an accounting basis.  This is equivalent to a 100% capital factor for regulatory capital purposes.  "]

{"sheet":"Summary LTB","index":12,"n_rows":90,"n_cols":19,"rows_kept":90,"cut":false,"hidden":false,"merged":[[1,12,1,13]]}
["Guernsey Regulatory Capital Assessment",null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name","v":"00:00:00"},null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[]
[null,"MINIMUM CAPITAL REQUIREMENT (\"MCR\")",null,{"$f":"Assessment_Date","v":"00:00:00"},null,{"$f":"'Undertaking Information'!$D$9","v":"00:00:00"}]
[]
[null,"Total Life Business",null,0,null,0]
[null,"Linked Business",null,0,null,0]
[null,"Net Non-linked Business",null,{"$f":"D8-D9","v":0},null,{"$f":"F8-F9","v":0}]
[]
[null,"Unadjusted MCR",{"$f":"Factors!D28","v":2.5000000000000001E-2},{"$f":"ROUND(MAX(0,D10)*C12,0)","v":0},null,{"$f":"ROUND(MAX(0,F10)*C12,0)","v":0}]
[]
[null,"Capital Floor",null,{"$f":"Factors!D38","v":250000},null,0]
[]
[null,"MCR (Subject to Capital Floor)",null,{"$f":"MAX(D12,D14)","v":250000},null,{"$f":"MAX(F12,F14)","v":0}]
[]
[null,"Regulatory Adjustment",null,0,null,0]
[]
[null,"MCR (After Regulatory Adjustment)",null,{"$f":"MAX(0,D16+D18)","v":250000},null,{"$f":"MAX(0,F16+F18)","v":0},null,null,null,null,null,null,null,null,null,{"$f":"D20/'Undertaking Information'!D13","v":250000}]
[]
[null,"PRESCRIBED CAPITAL REQUIREMENT (\"PCR\")",null,{"$f":"Assessment_Date","v":"00:00:00"},null,{"$f":"'Undertaking Information'!$D$9","v":"00:00:00"}]
[]
[null,"Market Risk",null,{"$f":"'Market Risk LTB'!I18","v":0},null,0]
[null,"Counterparty Default Risk",null,{"$f":"'Default Risk LTB'!F10","v":0},null,0]
[null,"Underwriting Risk",null,{"$f":"'Under''g Risk LTB'!F18","v":0},null,0]
[]
[null,"Unadjusted PCR",null,{"$f":"SUM(D24:D26)","v":0},null,{"$f":"SUM(F24:F26)","v":0}]
[]
[null,"Diversification Adjustment",null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(D24:D26),Factors!$C$69:$E$71),D24:D26))-D28","v":0},null,0]
[]
[null,"Regulatory Adjustment",null,0,null,0]
[]
[null,"PCR (After Diversification and Regulatory Adjustment)",null,{"$f":"MAX(0,D28+D30+D32)","v":0},null,{"$f":"MAX(0,F28+F30+F32)","v":0}]
[]
[null,"PCR (Subject to MCR Floor)",null,{"$f":"MAX(D34,$D$20)","v":250000},null,{"$f":"MAX(F34,$F$20)","v":0}]
[]
[null,"REGULATORY CAPITAL RESOURCES",null,{"$f":"Assessment_Date","v":"00:00:00"},null,{"$f":"'Undertaking Information'!$D$9","v":"00:00:00"}]
[]
[null,"Accounting Basis",null,{"$f":"'Balance Sheet LTB'!D114","v":0},null,0]
[null,"Basis Adjustments",null,{"$f":"'Balance Sheet LTB'!F114","v":0},null,0]
[null,"Regulatory Adjustment",null,0,null,0]
[null,"Regulatory Capital Resources to Meet PCR",null,{"$f":"D40+D41+D42","v":0},null,{"$f":"F40+F41+F42","v":0}]
[]
[null,"Off-Balance Sheet Assets Not Eligible to Meet MCR",null,{"$f":"-'Balance Sheet LTB'!H122","v":0},null,0]
[null,"Regulatory Adjustment",null,0,null,0]
[null,"Regulatory Capital Resources to Meet MCR",null,{"$f":"D43+D46+D45","v":0},null,{"$f":"F43+F46+F45","v":0}]
[]
[null,"RATIOS",null,{"$f":"Assessment_Date","v":"00:00:00"},null,{"$f":"'Undertaking Information'!$D$9","v":"00:00:00"}]
[]
[null,"PCR Ratio",null,{"$f":"IF(D$43=0,0,D$43/D36)","v":0},null,{"$f":"IF(F$43=0,0,F$43/F36)","v":0}]
[]
[null,"MCR Ratio",null,{"$f":"IF(D$47=0,0,D$47/$D$20)","v":0},null,{"$f":"IF(F$47=0,0,F$47/$F$20)","v":0}]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,"Figure 1: Analysis of Gross Assets Held"]
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[null,null,null,null,null,null,null,null,null,null,null,"Derivatives",{"$f":"'Balance Sheet LTB'!H19","v":0},{"$f":"M63+(ROWS(M$60:M62)/1000*(M63<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N63)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N63)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N63)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Investment Funds",{"$f":"'Balance Sheet LTB'!H20","v":0},{"$f":"M64+(ROWS(M$60:M63)/1000*(M64<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N64)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N64)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N64)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Structured Notes",{"$f":"'Balance Sheet LTB'!H18","v":0},{"$f":"M65+(ROWS(M$60:M64)/1000*(M65<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N65)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N65)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N65)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Deposits",{"$f":"'Balance Sheet LTB'!H21","v":0},{"$f":"M66+(ROWS(M$60:M65)/1000*(M66<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N66)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N66)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N66)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Other investments",{"$f":"'Balance Sheet LTB'!H22","v":0},{"$f":"M67+(ROWS(M$60:M66)/1000*(M67<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N67)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N67)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N67)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Linked Assets",{"$f":"'Balance Sheet LTB'!H25","v":0},{"$f":"M68+(ROWS(M$60:M67)/1000*(M68<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N68)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N68)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N68)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Loans",{"$f":"'Balance Sheet LTB'!H30","v":0},{"$f":"M69+(ROWS(M$60:M68)/1000*(M69<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N69)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N69)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N69)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Receivables",{"$f":"'Balance Sheet LTB'!H33+'Balance Sheet LTB'!H34","v":0},{"$f":"M70+(ROWS(M$60:M69)/1000*(M70<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N70)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N70)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N70)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Reinsurance Share of Reserves",{"$f":"'Balance Sheet LTB'!H35+'Balance Sheet LTB'!H36","v":0},{"$f":"M71+(ROWS(M$60:M70)/1000*(M71<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N71)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N71)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N71)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Debtors and Prepayments",{"$f":"'Balance Sheet LTB'!H41","v":0},{"$f":"M72+(ROWS(M$60:M71)/1000*(M72<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N72)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N72)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N72)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Cash",{"$f":"'Balance Sheet LTB'!H43+'Balance Sheet LTB'!H44","v":0},{"$f":"M73+(ROWS(M$60:M72)/1000*(M73<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N73)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N73)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N73)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Other Assets",{"$f":"'Balance Sheet LTB'!H37+'Balance Sheet LTB'!H45+'Balance Sheet LTB'!H42+'Balance Sheet LTB'!H46","v":0},{"$f":"M74+(ROWS(M$60:M73)/1000*(M74<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N74)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N74)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N74)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"Off-Balance Sheet Assets",{"$f":"'Balance Sheet LTB'!H54","v":0},{"$f":"M75+(ROWS(M$60:M74)/1000*(M75<>0))","v":0},{"$f":"MATCH(SMALL($N$59:$N$75,COUNTIF($N$59:$N$75,0)+ROWS(N$59:N75)),$N$59:$N$75,0)","v":{"$error":"#NUM!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N75)),1),N$59:N$75,0),1,1,1)","v":{"$error":"#REF!"}},{"$f":"OFFSET($L$58,MATCH(INDEX($N$59:$N$75,SMALL(OFFSET(O$59,0,0,COUNTIF($N$59:$N$75,\">0\"),1),ROWS(N$59:N75)),1),N$59:N$75,0),0,1,1)","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,"TOTAL",{"$f":"SUM(M56:M75)","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,"Capital","Invisible","Capital Req't","1. Market Risk",null,"2. Counterparty Default Risk","4. Reserve Risk","Div Effects","Capital Add-on / Red'n"]
[]
[null,null,null,null,null,null,null,null,null,"Market Risk",{"$f":"D24","v":0},0,null,{"$f":"$K80/$K$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Counterparty Risk",{"$f":"D25","v":0},{"$f":"SUM(L80,N80:S80)-S81","v":{"$error":"#DIV/0!"}},null,null,null,{"$f":"$K81/$K$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Underwriting Risk",{"$f":"D26","v":0},{"$f":"SUM(L81,N81:S81)-S82","v":{"$error":"#DIV/0!"}},null,null,null,null,{"$f":"$K82/$K$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Div. Effect",{"$f":"-D30","v":0},{"$f":"SUM(L82,N82:S82)-R83","v":{"$error":"#DIV/0!"}},null,null,null,null,null,{"$f":"$K83/$K$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"GFSC Adj",{"$f":"D32","v":0},{"$f":"IF(K84>0,L83,1)","v":1},null,null,null,null,null,null,{"$f":"ABS(K84/K85)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Capital Req't ",{"$f":"D34","v":0},null,1]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,"MCR",null,"PCR"]
[null,null,null,null,null,null,null,null,null,null,"Capital Requirement",{"$f":"D20","v":250000},null,{"$f":"D36","v":250000}]
[null,null,null,null,null,null,null,null,null,null,"Capital Resources",{"$f":"D47","v":0},null,{"$f":"D43","v":0}]

{"sheet":"Balance Sheet LTB","index":13,"n_rows":129,"n_cols":26,"rows_kept":129,"cut":false,"hidden":false,"merged":[[142,1,142,2],[131,1,131,2],[132,1,132,2],[133,1,133,2],[134,1,134,2],[135,1,135,2],[136,1,136,2],[137,1,137,2],[138,1,138,2],[139,1,139,2],[140,1,140,2],[141,1,141,2],[130,1,130,2],[0,11,0,19],[0,21,5,21],[0,23,5,23],[2,11,5,11],[2,15,5,15],[2,17,5,17],[2,19,5,19],[2,13,5,13],[4,1,4,2],[58,1,58,2],[95,1,95,2],[128,0,128,8],[129,1,129,2]]}
["REGULATORY BALANCE SHEET",null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"},null,null,null,"Market Risks",null,null,null,null,null,null,null,null,null,"Default Risk",null,"Underwriting Risk"]
[{"$f":"Undertaking_Name","v":"00:00:00"},null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[null,null,null,null,null,null,null,null,null,null,null,"Interest Rate",null,"Inflation",null,"Spread",null,"Currency",null,"Other"]
[null,null,null,"Info",null,"Info",null,"Info"]
[null,"ASSETS",null,"Accounting\nBasis",null,"Basis\nAdjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Fixed Assets",null,null,null,null,null,null,null,null,null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,"Info"]
[null,null,"Tangible",0,null,0,null,{"$f":"D9+F9","v":0},null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Tangible assets are assets that: (a)  an entity has for use in the production or supply of goods and services, for lease to third parties or for administrative purposes, and (b) are expected to be used for more than a year.  Tangible assets include property, plant and equipment; inventories and finance leases."]
[null,null,"Intangible",0,null,{"$f":"-D10","v":0},null,{"$f":"D10+F10","v":0},null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Intangible assets."]
[null,null,"Total",{"$f":"D9+D10","v":0},null,{"$f":"F9+F10","v":0},null,{"$f":"D11+F11","v":0}]
[]
[null,"Investments (other than assets held for linked business)"]
[null,null,"Bonds - government",0,null,0,null,{"$f":"D14+F14","v":0},null,null,null,"ü",null,"?",null,"û",null,"?",null,"û",null,"û",null,"û",null,"Bonds issued by or explicitly backed by governments and supranational organisations listed in Schedule 7 of the Rules"]
[null,null,"Bonds - corporate",0,null,0,null,0,null,null,null,"ü",null,"?",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"Bonds issued by corporations and include common bonds, convertible bonds, commercial paper, hybrid bonds, common covered bonds, subordinated bonds etc"]
[null,null,"Equity/other shares",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"Shares representing corporations' capital (i.e., representing ownership in a corporation) and include common equity, equity rights, preferred equity etc"]
[null,null,"Property",0,null,0,null,0,null,null,null,"û",null,"?",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"Buildings, land, other constructions that are immovable and equipment"]
[null,null,"Structured notes",0,null,0,null,0,null,null,null,"ü",null,"?",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"Structured assets are assets that are typically a tranch of a pool of assets and include asset backed securities and mortgage backed securities.  "]
[null,null,"Derivatives",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"A financial instrument that derives its value from the price or rate of some underlying item; and \"underlying items\" include, but are not limited to, equities, bonds, commodities, interest rates, exchange rates and stock market and other indices.  Undertakings should include forward exchange contracts, swaps, futures and options."]
[null,null,"Investment funds",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"û",null,"Undertakings the sole purpose of which is the collective investment in transferrable securities and/or in other financial assets.  Investment funds include equity funds, debt funds, money market funds, asset allocation funds, real estate funds, alternative funds, private equity funds, infrastructure funds etc"]
[null,null,"Deposits",0,null,0,null,0,null,null,null,"ü",null,"?",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"All deposits other than transferable deposits (cash equivalents) that cannot be used to make payments at any time and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty"]
[null,null,"Other investments",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"Investments not elsewhere classified"]
[null,null,"Total",{"$f":"SUM(D14:D22)","v":0},null,{"$f":"SUM(F14:F22)","v":0},null,0]
[]
[null,"Assets held for linked business",null,0,null,0,null,{"$f":"D25+F25","v":0},null,{"$f":"H25/'Undertaking Information'!D13","v":0},null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"All assets held to cover linked liabilities"]
[]
[null,"Loans"]
[null,null,"Loans to associated parties",0,null,0,null,{"$f":"D28+F28","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Loans to an associated party as defined in Schedule 3 of the Rules."]
[null,null,"Other loans",0,null,0,null,{"$f":"D29+F29","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Loans not to an associated party"]
[null,null,"Total",{"$f":"SUM(D28:D29)","v":0},null,{"$f":"SUM(F28:F29)","v":0},null,{"$f":"D30+F30","v":0}]
[]
[null,"Technical Assets"]
[null,null,"Insurance and intermediaries receivables",0,null,0,null,{"$f":"D33+F33","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"All receivables due from policyholders or intermediaries."]
[null,null,"Reinsurance receivables (other than TP)",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Receivables due from reinsurers other than reinsurance share of technical provisions"]
[null,null,"Reinsurance share of TP - linked business",0,null,0,null,0,null,{"$f":"H35/'Undertaking Information'!D13","v":0},null,"?",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"ü",null,"The reinsurer's share of technical provisions for linked business"]
[null,null,"Reinsurance share of TP - non linked business",0,null,0,null,0,null,null,null,"?",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"ü",null,"The reinsurer's share of technical provisions for non-linked business"]
[null,null,"Other technical assets",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Other technical assets not elsewhere classified"]
[null,null,"Total",{"$f":"SUM(D33:D37)","v":0},null,{"$f":"SUM(F33:F37)","v":0},null,0]
[]
[null,"Other Assets"]
[null,null,"Prepayments and other debtors",0,null,0,null,{"$f":"D41+F41","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"All prepayments paid in advance of receipt of goods or services and other debtors (not included in technical assets)"]
[null,null,"Pension benefit surplus",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"Assets relating to pension schemes"]
[null,null,"Cash",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Money in the physical form and deposits exchangeable for currency on demand at par and which are directly usable for making payment by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction"]
[null,null,"Cash equivalents",0,null,0,null,{"$f":"D44+F44","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Assets that are readily convertible into cash (within 3 months), such as money market holdings, short-term government bonds, marketable securities and commercial papers."]
[null,null,"Deferred acquisition costs",0,null,0,null,{"$f":"D45+F45","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"Amounts paid by companies in securing new business (such as commissions to financial advisers) where the costs are spread forward over the period in which margins are expected to arise from the relevant insurance contract."]
[null,null,"Other assets, not elsewhere shown",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"Other assets not elsewhere classified that are reflected on the balance sheet at the assessment date (e.g. accrued interest)."]
[null,null,"Total",{"$f":"SUM(D41:D46)","v":0},null,{"$f":"SUM(F41:F46)","v":0},null,0]
[]
[null,"Off-Balance Sheet Available Assets"]
[null,null,"Type 1 Letters of credit",0,null,0,null,{"$f":"D50+F50","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Letters of credit that are irrevocable, issued to the benefit of the undertaking and provided by a recognised bank in a recognised territory."]
[null,null,"Type 2 Letters of credit",0,null,0,null,{"$f":"D51+F51","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Letters of credit that are do not meet the criteria to be classified as a Type 1 letter of credit."]
[null,null,"Issued but uncalled capital",0,null,0,null,{"$f":"D52+F52","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"Money due from shares issued but unpaid and uncalled."]
[null,null,"Other available capital",0,null,0,null,{"$f":"D53+F53","v":0},null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"All other off-balance sheet assets (e.g. guarantees)."]
[null,null,"Total",{"$f":"SUM(D50:D53)","v":0},null,{"$f":"SUM(F50:F53)","v":0},null,{"$f":"D54+F54","v":0}]
[]
[null,"TOTAL ASSETS",null,{"$f":"D11+D23+D25+D30+D38+D47+D54","v":0},null,{"$f":"F11+F23+F25+F30+F38+F47+F54","v":0},null,{"$f":"D56+F56","v":0},null,{"$f":"H56/'Undertaking Information'!D13","v":0}]
[]
[]
[null,"LIABILITIES",null,"Accounting\nBasis",null,"Adjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Gross Technical Provisions - Linked Business"]
[null,null,"Current estimate",0,null,0,null,{"$f":"D63+F63","v":0},null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"Best estimate of liabilities, excluding any explicit/implicit margins."]
[null,null,"Risk margin",0,null,0,null,{"$f":"D64+F64","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"Amount of explicit/implicit margins associated with the liabilities."]
[null,null,"Other margins",0,null,0,null,{"$f":"D65+F65","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"ü",null,"Other liabilities relating to linked insurance business."]
[null,null,"Total",{"$f":"SUM(D63:D65)","v":0},null,{"$f":"SUM(F63:F65)","v":0},null,{"$f":"D66+F66","v":0}]
[]
[null,"Gross Technical Provisions - Non Linked Business"]
[null,null,"Current estimate",0,null,0,null,{"$f":"D69+F69","v":0},null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"Best estimate of liabilities, excluding any explicit/implicit margins."]
[null,null,"Risk margin",0,null,0,null,{"$f":"D70+F70","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"Amount of explicit/implicit margins associated with the liabilities."]
[null,null,"Other margins",0,null,0,null,{"$f":"D71+F71","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"ü",null,"Other liabilities relating to non-linked insurance business."]
[null,null,"Total",{"$f":"SUM(D69:D71)","v":0},null,{"$f":"SUM(F69:F71)","v":0},null,{"$f":"D72+F72","v":0}]
[]
[null,"Loans"]
[null,null,"Subordinated loans",0,null,{"$f":"-D75","v":0},null,{"$f":"D75+F75","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"Loans subordinated, in writing, to the prior claims of all policyholders"]
[null,null,"Unsubordinated loans",0,null,0,null,{"$f":"D76+F76","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"All other loans"]
[null,null,"Total",{"$f":"SUM(D75:D76)","v":0},null,{"$f":"SUM(F75:F76)","v":0},null,{"$f":"D77+F77","v":0}]
[]
[null,"Other Liabilities"]
[null,null,"(Re)insurance accounts payable",0,null,0,null,{"$f":"D80+F80","v":0},null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"All insurance and reinsurance accounts payable other than included in reserves"]
[null,null,"Provisions other than technical provisions",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"Other liabilities not relating to insurance business."]
[null,null,"Accruals and other creditors",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"All accruals and other creditors (not shown elsewhere)"]
[null,null,"Doubtful debt provision",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"Amounts previously shown on the balance sheet as receivable but are not expected to be received."]
[null,null,"Derivatives",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"A financial instrument that derives its value from the price or rate of some underlying item; and \"underlying items\" include, but are not limited to, equities, bonds, commodities, interest rates, exchange rates and stock market and other indices. Forward exchange contracts, swaps, futures and options should be included."]
[null,null,"Pension benefit obligations",0,null,0,null,0,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"Liabilities relating to pension schemes"]
[null,null,"Other liabilities, not elsewhere shown",0,null,0,null,0,null,null,null,"û",null,"?",null,"û",null,"?",null,"û",null,"?",null,"û",null,"All other non technical liabilities shown on the balance sheet, which have not otherwise been shown"]
[null,null,"Total",{"$f":"SUM(D80:D86)","v":0},null,{"$f":"SUM(F80:F86)","v":0},null,0]
[]
[null,"Off-Balance Sheet Liabilties",null,0,null,0,null,{"$f":"D89+F89","v":0},null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"All off balance sheet liabilities"]
[]
[null,"TOTAL LIABILITIES",null,{"$f":"D66+D72+D77+D87+D89","v":0},null,{"$f":"F66+F72+F77+F87+F89","v":0},null,{"$f":"D91+F91","v":0}]
[]
[null,"NET ASSETS",null,{"$f":"D56-D91","v":0},null,{"$f":"F56-F91","v":0},null,{"$f":"D93+F93","v":0}]
[]
[]
[null,"CAPITAL RESOURCES",null,"Accounting\nBasis",null,"Adjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Capital and Reserves"]
[null,null,"Share capital",0,null,0,null,{"$f":"D100+F100","v":0},null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Money received from shares issued."]
[null,null,"Initial fund",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Capital invested in the business - only applicable for a mutual or mutual type undertaking."]
[null,null,"Share premium",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"The amount received by an undertaking over and above the face value of its shares"]
[null,null,"Retained earnings",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"The amount of carried forward profit held in the undertaking net of forseeable dividends"]
[null,null,"Surplus funds",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Surplus funds are accumulated profits which have not been made available for distribution to profit participating policyholders and beneficiaries."]
[null,null,"Other items not specificed above",0,null,0,null,0,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Other available capital"]
[null,null,"Total",{"$f":"SUM(D100:D105)","v":0},null,{"$f":"SUM(F100:F105)","v":0},null,0]
[]
[null,"Reconciliation Reserve"]
[null,null,"Adjustments to assets",0,null,{"$f":"F56","v":0},null,{"$f":"D109+F109","v":0}]
[null,null,"Adjustments to technical liabilities",0,null,{"$f":"F66+F72","v":0},null,{"$f":"D110+F110","v":0}]
[null,null,"Adjustments to other liabilities",0,null,{"$f":"F77+F87+F89","v":0},null,{"$f":"D111+F111","v":0}]
[null,null,"Total",{"$f":"D109-D110-D111","v":0},null,{"$f":"F109-F110-F111","v":0},null,{"$f":"D112+F112","v":0}]
[]
[null,"TOTAL CAPITAL RESOURCES TO MEET PCR",null,{"$f":"D106+D112","v":0},null,{"$f":"F106+F112","v":0},null,{"$f":"D114+F114","v":0}]
[]
[null,null,null,null,null,null,null,{"$f":"IF(ABS(H93-H114)<2,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"Off-Balance Sheet Assets Not Eligible to Meet MCR"]
[null,null,"Type 2 letters of credit",0,null,{"$f":"F51","v":0},null,{"$f":"D119+F119","v":0}]
[null,null,"Issued but unpaid capital",0,null,{"$f":"F52","v":0},null,{"$f":"D120+F120","v":0}]
[null,null,"Other available capital",0,null,{"$f":"F53","v":0},null,{"$f":"D121+F121","v":0}]
[null,null,"Total",{"$f":"SUM(D119:D121)","v":0},null,{"$f":"SUM(F119:F121)","v":0},null,{"$f":"D122+F122","v":0}]
[]
[null,"TOTAL CAPITAL RESOURCES TO MEET MCR",null,{"$f":"D114-D122","v":0},null,{"$f":"F114-F122","v":0},null,{"$f":"D124+F124","v":0}]
[]
[]
[]
[]
[null,"·         Intangible fixed assets — no value is attached to them in the regulatory balance sheet, which is achieved by a negative adjustment equal to the value on an accounting basis.  This is equivalent to a 100% capital factor for regulatory capital purposes.  "]

{"sheet":"Balance Sheet GB","index":14,"n_rows":114,"n_cols":25,"rows_kept":114,"cut":false,"hidden":true,"merged":[[115,1,115,2],[118,1,118,2],[116,1,116,2],[117,1,117,2],[0,20,5,20],[114,1,114,2],[4,1,4,2],[53,1,53,2],[82,1,82,2],[0,18,5,18],[119,1,119,2],[0,22,5,22],[0,10,0,16],[127,1,127,2],[121,1,121,2],[122,1,122,2],[123,1,123,2],[124,1,124,2],[125,1,125,2],[126,1,126,2],[2,10,5,10],[2,12,5,12],[2,14,5,14],[120,1,120,2],[2,16,5,16],[113,0,113,25]]}
["REGULATORY BALANCE SHEET",null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"},null,null,"Market Risks",null,null,null,null,null,null,null,"Default Risk",null,"Premium Risk",null,"Reserve Risk"]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[null,null,null,null,null,null,null,null,null,null,"Interest Rate",null,"Spread",null,"Currency",null,"Other"]
[null,null,null,"Info",null,"Info",null,"Info"]
[null,"ASSETS",null,"Accounting\nBasis",null,"Basis \nAdjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Fixed Assets",null,null,null,null,null,null,null,null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,"Info"]
[null,null,"Tangible",0,null,0,null,{"$f":"D9+F9","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Tangible assets are assets that: (a) an entity uses in the production or supply of goods and services, for lease to third parties or for administrative purposes, and (b) are expected to use for more than a year.  Tangible assets include property, plant and equipment; inventories and finance leases."]
[null,null,"Intangible",0,null,{"$f":"-D10","v":0},null,{"$f":"D10+F10","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Intangible assets."]
[null,null,"Total",{"$f":"D9+D10","v":0},null,{"$f":"F9+F10","v":0},null,{"$f":"D11+F11","v":0}]
[]
[null,"Investments"]
[null,null,"Bonds - government",0,null,0,null,{"$f":"D14+F14","v":0},null,null,"ü",null,"û",null,"?",null,"û",null,"û",null,"û",null,"û",null,"Bonds issued by or explicitly backed by governments and supranational organisations listed in Schedule 7 of the Rules."]
[null,null,"Bonds - corporate",0,null,0,null,0,null,null,"ü",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"û",null,"Bonds issued by corporations and include common bonds, convertible bonds, commercial paper, hybrid bonds, common covered bonds, subordinated bonds etc"]
[null,null,"Equity/other shares",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"û",null,"Shares representing corporations' capital (i.e., representing ownership in a corporation) and include common equity, equity rights, preferred equity etc"]
[null,null,"Property",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"û",null,"Buildings, land, other constructions that are immovable and equipment"]
[null,null,"Derivatives",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"û",null,"A financial instrument that derives its value from the price or rate of some underlying item; and \"underlying items\" include, but are not limited to, equities, bonds, commodities, interest rates, exchange rates and stock market and other indices.  Undertakings should include forward exchange contracts, swaps, futures and options."]
[null,null,"Investment funds",0,null,0,null,{"$f":"D19+F19","v":0},null,null,"?",null,"?",null,"?",null,"?",null,"û",null,"û",null,"û",null,"Undertakings the sole purpose of which is the collective investment in transferrable securities and/or in other financial assets.  Investment funds include equity funds, debt funds, money market funds, asset allocation funds, real estate funds, alternative funds, private equity funds, infrastructure funds etc"]
[null,null,"Deposits",0,null,0,null,{"$f":"D20+F20","v":0},null,null,"ü",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"û",null,"All deposits other than transferable deposits (cash equivalents) that cannot be used to make payments at any time and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty."]
[null,null,"Other investments",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"û",null,"Investments not elsewhere classified."]
[null,null,"Total",{"$f":"SUM(D14:D21)","v":0},null,{"$f":"SUM(F14:F21)","v":0},null,{"$f":"D22+F22","v":0}]
[]
[null,"Loans"]
[null,null,"Loans to associated parties",0,null,0,null,{"$f":"D25+F25","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Loans to an associated party as defined in Schedule 3 of the Rules"]
[null,null,"Other loans",0,null,0,null,{"$f":"D26+F26","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Loans not to an associated party"]
[null,null,"Total",{"$f":"SUM(D25:D26)","v":0},null,{"$f":"SUM(F25:F26)","v":0},null,{"$f":"D27+F27","v":0}]
[]
[null,"Technical Assets"]
[null,null,"Insurance and intermediaries receivables",0,null,0,null,{"$f":"D30+F30","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"All receivables due from policyholders or intermediaries."]
[null,null,"Reinsurance receivables (other than reserves)",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Receivables due from reinsurers other than reinsurance share of technical provisions."]
[null,null,"Reinsurance share of premium reserves",0,null,0,null,{"$f":"D32+F32","v":0},null,null,"?",null,"û",null,"?",null,"û",null,"ü",null,"ü",null,"ü",null,"The reinsurer's share of premium reserves (e.g. unearned premium reserves)."]
[null,null,"Reinsurance share of claim reserves",0,null,0,null,0,null,null,"?",null,"û",null,"?",null,"û",null,"ü",null,"ü",null,"ü",null,"The reinsurer's share of claim reserves (e.g. outstanding claims reserves and IBNR)"]
[null,null,"Other technical assets",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Other technical assets not elsewhere classified"]
[null,null,"Total",{"$f":"SUM(D30:D34)","v":0},null,{"$f":"SUM(F30:F34)","v":0},null,0]
[]
[null,"Other Assets"]
[null,null,"Prepayments and other debtors",0,null,0,null,{"$f":"D38+F38","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"All prepayments paid in advance of receipt of goods or services and other debtors (not included in technical assets)"]
[null,null,"Cash and cash equivalents",0,null,0,null,{"$f":"D39+F39","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Money in the physical form and deposits exchangeable for currency on demand at par and which are directly usable for making payment by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction and assets that are readily convertible into cash (within 3 months), such as money market holdings, short-term government bonds, marketable securities and commercial papers."]
[null,null,"Deferred acquisition costs",0,null,0,null,{"$f":"D40+F40","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"û",null,"Amounts paid by companies in securing new business (such as commissions to financial advisers) where the costs are spread forward over the period in which margins are expected to arise from the relevant insurance contract."]
[null,null,"Other assets, not elsewhere shown",0,null,0,null,{"$f":"D41+F41","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"Other assets not elsewhere classified that are reflected on the balance sheet at the assessment date (e.g. accrued interest)."]
[null,null,"Total",{"$f":"SUM(D38:D41)","v":0},null,{"$f":"SUM(F38:F41)","v":0},null,{"$f":"D42+F42","v":0}]
[]
[null,"Off-Balance Sheet Assets"]
[null,null,"Type 1 letters of credit",0,null,0,null,{"$f":"D45+F45","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Letters of credit that are irrevocable, issued to the benefit of the undertaking and provided by a recognised bank in a recognised territory."]
[null,null,"Type 2 letters of credit",0,null,0,null,{"$f":"D46+F46","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Letters of credit that are do not meet the criteria to be classified as a Type 1 letter of credit."]
[null,null,"Issued but uncalled capital",0,null,0,null,{"$f":"D47+F47","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"ü",null,"û",null,"û",null,"Money due from shares issued but unpaid and uncalled"]
[null,null,"Other off-balance sheet assets",0,null,0,null,{"$f":"D48+F48","v":0},null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"û",null,"All other off-balance sheet assets (e.g. guarantees)."]
[null,null,"Total",{"$f":"SUM(D45:D48)","v":0},null,{"$f":"SUM(F45:F48)","v":0},null,{"$f":"D49+F49","v":0}]
[]
[null,"TOTAL ASSETS",null,{"$f":"D11+D22+D27+D35+D42+D49","v":0},null,{"$f":"F11+F22+F27+F35+F42+F49","v":0},null,{"$f":"D51+F51","v":0}]
[]
[]
[null,"LIABILITIES",null,"Accounting\nBasis",null,"Adjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Technical Provisions"]
[null,null,"(Re)insurance accounts payable",0,null,0,null,{"$f":"D58+F58","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"All insurance and reinsurance accounts payable other than reserves"]
[null,null,"Premium reserves",0,null,0,null,{"$f":"D59+F59","v":0},null,null,"?",null,"û",null,"?",null,"û",null,"?",null,"ü",null,"ü",null,"Unearned premium reserves (UPR) and unexpired risk reserve (URR), but excluding any explicit/implicit margins."]
[null,null,"Claim reserves",0,null,0,null,{"$f":"D60+F60","v":0},null,null,"?",null,"û",null,"?",null,"û",null,"?",null,"ü",null,"ü",null,"Outstanding claims (OSC) reserve and incurred but not reported (IBNR) reserve, but excluding any explicit/implicit margins."]
[null,null,"Risk Margin / Contingency",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"û",null,"Amount of explicit/implicit margins associated with the reserves."]
[null,null,"Other technical liabilities",0,null,0,null,0,null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"ü",null,"ü",null,"Other technical liabilities held"]
[null,null,"Total",{"$f":"SUM(D58:D62)","v":0},null,{"$f":"SUM(F58:F62)","v":0},null,0]
[]
[null,"Loans"]
[null,null,"Subordinated loans",0,null,{"$f":"-D66","v":0},null,{"$f":"D66+F66","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"Loans subordinated, in writing, to the prior claims of all policyholders"]
[null,null,"Unsubordinated loans",0,null,0,null,{"$f":"D67+F67","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"All other loans"]
[null,null,"Total",{"$f":"SUM(D66:D67)","v":0},null,{"$f":"SUM(F66:F67)","v":0},null,{"$f":"D68+F68","v":0}]
[]
[null,"Other Liabilities"]
[null,null,"Accruals and other creditors",0,null,0,null,{"$f":"D71+F71","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"All accruals and other creditors (not shown elsewhere)"]
[null,null,"Doubtful debt provision",0,null,0,null,{"$f":"D72+F72","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"Amounts previously shown on the balance sheet as receivable but are not expected to be received."]
[null,null,"Other liabilities, not elsewhere shown",0,null,0,null,{"$f":"D73+F73","v":0},null,null,"û",null,"û",null,"?",null,"û",null,"?",null,"û",null,"û",null,"All other non technical liabilities shown on the balance sheet, which have not otherwise been shown"]
[null,null,"Total",{"$f":"SUM(D71:D73)","v":0},null,{"$f":"SUM(F71:F73)","v":0},null,{"$f":"D74+F74","v":0}]
[]
[null,"Off-Balance Sheet Liabilties",null,0,null,0,null,{"$f":"D76+F76","v":0},null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"û",null,"û",null,"All contingent liabilities that may influence the future profitability and solvency of the undertaking.  Off-balance sheet liabilities include letters of credit, guarantees and derivatives."]
[]
[null,"TOTAL LIABILITIES",null,{"$f":"D63+D68+D74+D76","v":0},null,{"$f":"F63+F68+F74+F76","v":0},null,{"$f":"D78+F78","v":0}]
[]
[null,"NET ASSETS",null,{"$f":"D51-D78","v":0},null,{"$f":"F51-F78","v":0},null,{"$f":"D80+F80","v":0}]
[]
[]
[null,"CAPITAL RESOURCES",null,"Accounting\nBasis",null,"Adjustments",null,"Regulatory Basis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"},null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Capital and Reserves"]
[null,null,"Share capital",0,null,0,null,{"$f":"D87+F87","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Money received from shares issued."]
[null,null,"Share premium",0,null,0,null,{"$f":"D88+F88","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"The amount received by an undertaking over and above the face value of its shares"]
[null,null,"Retained earnings",0,null,0,null,{"$f":"D89+F89","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"The amount of carried forward profit held in the undertaking net of forseable dividends"]
[null,null,"Other capital resources",0,null,0,null,{"$f":"D90+F90","v":0},null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"Other available capital"]
[null,null,"Total",{"$f":"SUM(D87:D90)","v":0},null,{"$f":"SUM(F87:F90)","v":0},null,{"$f":"D91+F91","v":0}]
[]
[null,"Reconciliation Reserve"]
[null,null,"Adjustments to assets",0,null,{"$f":"F51","v":0},null,{"$f":"D94+F94","v":0}]
[null,null,"Adjustments to technical liabilities",0,null,{"$f":"F63","v":0},null,{"$f":"D95+F95","v":0}]
[null,null,"Adjustments to other liabilities",0,null,{"$f":"F68+F74+F76","v":0},null,{"$f":"D96+F96","v":0}]
[null,null,"Total",{"$f":"D94-D95-D96","v":0},null,{"$f":"F94-F95-F96","v":0},null,{"$f":"D97+F97","v":0}]
[]
[null,"TOTAL CAPITAL RESOURCES TO MEET PCR",null,{"$f":"D91+D97","v":0},null,{"$f":"F91+F97","v":0},null,{"$f":"D99+F99","v":0}]
[]
[null,null,null,null,null,null,null,{"$f":"IF(ABS(H80-H99)<2,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"Off-Balance Sheet Assets Not Eligible to Meet MCR"]
[null,null,"Type 2 letters of credit",0,null,{"$f":"F46","v":0},null,{"$f":"D104+F104","v":0}]
[null,null,"Issued but uncalled capital",0,null,{"$f":"F47","v":0},null,{"$f":"D105+F105","v":0}]
[null,null,"Other available capital",0,null,{"$f":"F48","v":0},null,{"$f":"D106+F106","v":0}]
[null,null,"Total",{"$f":"SUM(D104:D106)","v":0},null,{"$f":"SUM(F104:F106)","v":0},null,{"$f":"D107+F107","v":0}]
[]
[null,"TOTAL CAPITAL RESOURCES TO MEET MCR",null,{"$f":"D99-D107","v":0},null,{"$f":"F99-F107","v":0},null,{"$f":"D109+F109","v":0}]
[]
[]
[]
[]
[null,"·         Intangible fixed assets — no value is attached to them in the regulatory balance sheet, which is achieved by a negative adjustment equal to the value on an accounting basis.  This is equivalent to a 100% capital factor for regulatory capital purposes.  "]

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["MARKET RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Assets",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Liabilities"]
[{"$f":"Undertaking_Name","v":"00:00:00"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Investment Exposures",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Reinsurance Share of Reserves",null,"Off-Balance Sheet Assets",null,"Assets Not Elsewhere Classified",null,"Claim and Premium Reserves",null,"Off-Balance Sheet Liabilities",null,"Liab Not Elsewhere Classified"]
[]
[null,"MARKET RISK",null,null,null,null,null,null,"REQUIRED CAPITAL",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Government Bonds",null,"Corporate Bonds",null,"Equities",null,"Property",null,"Derivatives",null,"Investment Funds",null,"Deposits",null,"Other Investments"]
[]
[null,"Real Interest Rate Risk",null,null,null,null,null,"Info",{"$f":"O30","v":0},null,null,null,null,null,null,null,null,null,"CorrLob",1,2,3,4,5,6]
[null,"Inflation Rate Risk",null,null,null,null,null,"Info",{"$f":"O34","v":0},null,null,null,null,null,null,null,null,1,"Real Interest Rate Risk",{"$f":"Factors!C85","v":1},{"$f":"Factors!D85","v":0.25},{"$f":"Factors!E85","v":0.25},{"$f":"Factors!F85","v":0.25},{"$f":"Factors!G85","v":0.25},{"$f":"Factors!H85","v":0.25}]
[null,"Spread Risk",null,null,null,null,null,"Info",{"$f":"O39","v":0},null,null,null,null,null,null,null,null,2,"Expected Inflation Risk",{"$f":"Factors!C86","v":0.25},{"$f":"Factors!D86","v":1},{"$f":"Factors!E86","v":0.25},{"$f":"Factors!F86","v":0.25},{"$f":"Factors!G86","v":0.5},{"$f":"Factors!H86","v":0.5}]
[null,"Currency Risk",null,null,null,null,null,"Info",{"$f":"O43","v":0},null,null,null,null,null,null,null,null,3,"Spread Risk",{"$f":"Factors!C87","v":0.25},{"$f":"Factors!D87","v":0.25},{"$f":"Factors!E87","v":1},{"$f":"Factors!F87","v":0.25},{"$f":"Factors!G87","v":0.75},{"$f":"Factors!H87","v":0.5}]
[null,"Equity Risk",null,null,null,null,null,"Info",{"$f":"O45","v":0},null,null,null,null,null,null,null,null,4,"Currency Risk",{"$f":"Factors!C88","v":0.25},{"$f":"Factors!D88","v":0.25},{"$f":"Factors!E88","v":0.25},{"$f":"Factors!F88","v":1},{"$f":"Factors!G88","v":0.25},{"$f":"Factors!H88","v":0.25}]
[null,"Property Risk",null,null,null,null,null,"Info",{"$f":"O48","v":0},null,null,null,null,null,null,null,null,5,"Equity Risk",{"$f":"Factors!C89","v":0.25},{"$f":"Factors!D89","v":0.5},{"$f":"Factors!E89","v":0.75},{"$f":"Factors!F89","v":0.25},{"$f":"Factors!G89","v":1},{"$f":"Factors!H89","v":0.75}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,6,"Property Risk",{"$f":"Factors!C90","v":0.25},{"$f":"Factors!D90","v":0.5},{"$f":"Factors!E90","v":0.5},{"$f":"Factors!F90","v":0.25},{"$f":"Factors!G90","v":0.75},{"$f":"Factors!H90","v":1}]
[null,"Total Undiversified Capital",null,null,null,null,null,null,{"$f":"SUM(I7:I12)","v":0}]
[]
[null,"Diversification Adjustment",null,null,null,null,null,null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(I7:I12),$T$8:$Y$13),I7:I12))-I14","v":0}]
[]
[null,"Capital Requirement",null,null,null,null,null,null,{"$f":"I14+I16","v":0}]
[]
[]
[null,null,null,null,"Info",null,"Info",null,"Info",null,"Info",null,"Info"]
[null,"Scenario Type",null,null,"Initial Absolute Values Before Shock",null,null,null,"Absolute Values After Shock",null,null,null,null,null,"Risk"]
[null,null,null,null,"Assets",null,"Liabilities",null,"Assets",null,"Liabilities",null,null,null,"Capital"]
[null,null,null,null,null,null,null,null,null,null,"Including Future",null,"Excluding Future"]
[null,null,null,null,null,null,null,null,null,null,"Mgt Action",null,"Mgt Action",null,null,null,null,null,null,null,null,null,null,null,null,null,"Include Exposure in Stress?"]
[]
[null,"Real Interest Rate Risk"]
[null,null,"Upward movement of real yield curve",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E28-G28)-(I28-K28))","v":0},null,null,null,null,null,null,null,null,null,null,null,"ü",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û"]
[null,null,"Downward movement of real yield curve",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E29-G29)-(I29-K29))","v":0},null,null,null,null,null,null,null,null,null,null,null,"ü",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(O28:O29)","v":0}]
[null,"Inflation Rate Risk"]
[null,null,"Increase in inflation expectations",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E32-G32)-(I32-K32))","v":0},null,null,null,null,null,null,null,null,null,null,null,"?",null,"?",null,"û",null,"û",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û"]
[null,null,"Decrease in inflation expectations",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E33-G33)-(I33-K33))","v":0},null,null,null,null,null,null,null,null,null,null,null,"?",null,"?",null,"û",null,"û",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(O32:O33)","v":0}]
[null,"Spread Risk"]
[null,null,"Bond stress",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E36-G36)-(I36-K36))","v":0},null,null,null,null,null,null,null,null,null,null,null,"û",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[null,null,"Structured/securitised stress",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E37-G37)-(I37-K37))","v":0},null,null,null,null,null,null,null,null,null,null,null,"û",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[null,null,"Re-securitised stress",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E38-G38)-(I38-K38))","v":0},null,null,null,null,null,null,null,null,null,null,null,"û",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(O36:O38)","v":0}]
[null,"Currency Risk"]
[null,null,"Rise in reporting currency",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E41-G41)-(I41-K41))","v":0},null,null,null,null,null,null,null,null,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?"]
[null,null,"Fall in reporting currency",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E42-G42)-(I42-K42))","v":0},null,null,null,null,null,null,null,null,null,null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(O41,O42)","v":0}]
[null,"Equity Risk"]
[null,null,"Fall in equity values",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E45-G45)-(I45-K45))","v":0},null,null,null,null,null,null,null,null,null,null,null,"û",null,"û",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[]
[null,"Property Risk"]
[null,null,"Fall in property values",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(E48-G48)-(I48-K48))","v":0},null,null,null,null,null,null,null,null,null,null,null,"û",null,"û",null,"û",null,"ü",null,"û",null,"?",null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[]
[null,null,"<Enter Comment>",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(AA50=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(AA51=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""}]
["GUIDANCE",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[null,"Only assets and liabilities to which the risk is applicable need be included in the values reported above.",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(AA54=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""}]
[]
[null,"Where credit is taken for future management actions, these actions should be determined in accordance with the Rules."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
["SCENARIOS"]
[]
[null,"Real Interest Rates Stress"]
[]
[null,"Real interest rate risk exists for assets and liabilities whose values are sensitive to changes in real interest rates.  However, as real interest rates are part of the nominal interest rate (after allowing for inflation), assets and liabilities whose values are sensitive to changes in nominal interest rates must also be included under this stress."]
[null,"The stress adjustments to both real and nominal interest rates are determined by multiplying the nominal interest rates by the stress % as shown in the following table.  Thiese are then added (or deducted) from the real or nominal interest rates as appropriate."]
[]
[null,null,"Maturity Year ",null,"Up stress",null,"Down Stress"]
[null,null,"≤1",null,{"$f":"Factors!I190","v":0.7},null,{"$f":"Factors!J190","v":-0.75}]
[null,null,2,null,{"$f":"Factors!I191","v":0.7},null,{"$f":"Factors!J191","v":-0.65}]
[null,null,3,null,{"$f":"Factors!I192","v":0.64},null,{"$f":"Factors!J192","v":-0.56000000000000005}]
[null,null,4,null,{"$f":"Factors!I193","v":0.59},null,{"$f":"Factors!J193","v":-0.5}]
[null,null,5,null,{"$f":"Factors!I194","v":0.55000000000000004},null,{"$f":"Factors!J194","v":-0.46}]
[null,null,6,null,{"$f":"Factors!I195","v":0.52},null,{"$f":"Factors!J195","v":-0.42}]
[null,null,7,null,{"$f":"Factors!I196","v":0.49},null,{"$f":"Factors!J196","v":-0.39}]
[null,null,8,null,{"$f":"Factors!I197","v":0.47},null,{"$f":"Factors!J197","v":-0.36}]
[null,null,9,null,{"$f":"Factors!I198","v":0.44},null,{"$f":"Factors!J198","v":-0.33}]
[null,null,10,null,{"$f":"Factors!I199","v":0.42},null,{"$f":"Factors!J199","v":-0.31}]
[null,null,11,null,{"$f":"Factors!I200","v":0.39},null,{"$f":"Factors!J200","v":-0.3}]
[null,null,12,null,{"$f":"Factors!I201","v":0.37},null,{"$f":"Factors!J201","v":-0.28999999999999998}]
[null,null,13,null,{"$f":"Factors!I202","v":0.35},null,{"$f":"Factors!J202","v":-0.28000000000000003}]
[null,null,14,null,{"$f":"Factors!I203","v":0.34},null,{"$f":"Factors!J203","v":-0.28000000000000003}]
[null,null,15,null,{"$f":"Factors!I204","v":0.33},null,{"$f":"Factors!J204","v":-0.27}]
[null,null,16,null,{"$f":"Factors!I205","v":0.31},null,{"$f":"Factors!J205","v":-0.28000000000000003}]
[null,null,17,null,{"$f":"Factors!I206","v":0.3},null,{"$f":"Factors!J206","v":-0.28000000000000003}]
[null,null,18,null,{"$f":"Factors!I207","v":0.28999999999999998},null,{"$f":"Factors!J207","v":-0.28000000000000003}]
[null,null,19,null,{"$f":"Factors!I208","v":0.27},null,{"$f":"Factors!J208","v":-0.28999999999999998}]
[null,null,"≥20",null,{"$f":"Factors!I209","v":0.26},null,{"$f":"Factors!J209","v":-0.28999999999999998}]
[]
[null,"Example"]
[]
[null,"N(15) = nominal interest rate at 15 yrs"]
[null,"NS(15) = stressed nominal interest rate at 15 yrs"]
[null,"R(15) = real interest rate at 15 yrs"]
[null,"RS(15) = stressed real interest rate at 15 yrs"]
[]
[null,"When using nominal interest rates"]
[null,"Stress = N(15) x -27%"]
[null,"NS(15) = N(15) + N(15) x -27%"]
[]
[null,"When using real interest rates"]
[null,"Stress = N(15) x -27%"]
[null,"RS(15) = R(15) + N(15) x -27%"]
[]
[null,"Inflation Rate Stress"]
[]
[null,"Inflation rate risk exists for assets and liabilities whose values are sensitive to changes in inflation rates and should include all assets and liabilities included within the Real Interest Rate Stress."]
[]
[null,null,"The change in the value of assets and liabilities is to be determined following:"]
[null,null,{"$f":"\"(a) an absolute \"&Factors!C217*100&\"% increase in the expected inflation rates\"","v":"(a) an absolute 1% increase in the expected inflation rates"}]
[null,null,{"$f":"\"(b) an absolute \"&Factors!C217*100&\"% decrease in the expected inflation rates\"","v":"(b) an absolute 1% decrease in the expected inflation rates"}]
[]
[]
[null,"Spread Stress"]
[]
[null,null,"Spread risk exists for assets and liabilities whose values are sensitive to changes in credit spreads, which measures the extent of financial default.\nBonds issued by or explicitly backed by government and supranational organisiations listed in Schedule 7 of the Rules are excluded from this stress."]
[]
[]
[null,null,"The stresses are defined in terms of the changes that should be applied to the current yield on the assets.  These stressed asset should then be used to derive new discount rates to determine the value of the stressed liabilities."]
[]
[null,null,"Credit Rating Grade",null,"Default\n(%)",null,"Bond Spreads\n(%)",null,"Structured / Securitised Spread\n(%)",null,"Re-securitised Spread\n(%)"]
[null,null,"Government",null,{"$f":"Factors!C222","v":0},null,{"$f":"Factors!D222","v":0},null,{"$f":"Factors!E222","v":0},null,{"$f":"Factors!F222","v":0}]
[null,null,"AAA",null,{"$f":"Factors!C223","v":0.2},null,{"$f":"Factors!D223","v":0.6},null,{"$f":"Factors!E223","v":1},null,{"$f":"Factors!F223","v":1.8}]
[null,null,"AA",null,{"$f":"Factors!C224","v":0.6},null,{"$f":"Factors!D224","v":0.8},null,{"$f":"Factors!E224","v":1.4},null,{"$f":"Factors!F224","v":2.4}]
[null,null,"A",null,{"$f":"Factors!C225","v":1.2},null,{"$f":"Factors!D225","v":1.2},null,{"$f":"Factors!E225","v":2},null,{"$f":"Factors!F225","v":3.2}]
[null,null,"BBB",null,{"$f":"Factors!C226","v":3},null,{"$f":"Factors!D226","v":1.6},null,{"$f":"Factors!E226","v":2.5},null,{"$f":"Factors!F226","v":4}]
[null,null,"BB",null,{"$f":"Factors!C227","v":6},null,{"$f":"Factors!D227","v":2},null,{"$f":"Factors!E227","v":3},null,{"$f":"Factors!F227","v":5}]
[null,null,"B",null,{"$f":"Factors!C228","v":10},null,{"$f":"Factors!D228","v":2.5},null,{"$f":"Factors!E228","v":3.5},null,{"$f":"Factors!F228","v":6}]
[null,null,"Less than B, Unrated",null,{"$f":"Factors!C229","v":16},null,{"$f":"Factors!D229","v":3},null,{"$f":"Factors!E229","v":4.5},null,{"$f":"Factors!F229","v":7.5}]
[]
[null,"Currency Stress"]
[]
[null,null,"Currency risk exists for assets and liabilities whose values are sensitive to changes in exchangerates compared to the reporting currency."]
[]
[null,null,"The change in the value of assets and liabilities is to be determined following:"]
[null,{"$f":"\"(a) an instantaneous \"&Factors!C259*100&\"% increase in exchange rates compared to the reporting currency\"","v":"(a) an instantaneous 25% increase in exchange rates compared to the reporting currency"}]
[null,{"$f":"\"(b) an instantaneous \"&Factors!C259*100&\"% decrease in exchange rates compared to the reporting currency\"","v":"(b) an instantaneous 25% decrease in exchange rates compared to the reporting currency"}]
[]
[null,"Equity Stress"]
[]
[null,null,"Equity risk exists for assets and liabilities whose values are sensitive to changes in equity prices.\nIt applies to both listed and unlisted equities and other financial assets which are not covered under any of the other market risks."]
[]
[]
[null,null,"The change in the value of capital resources is determined following:"]
[]
[null,null,{"$f":"\"(a) For strategic participations, an immediate \"&Factors!G259*100&\"% fall in the value of equities; otherwise\"","v":"(a) For strategic participations, an immediate 22% fall in the value of equities; otherwise"}]
[]
[null,null,{"$f":"\"(b) For non strategic participations, an immediate \"&Factors!E259*100&\"% fall in the value of quoted equities and \"&Factors!F259*100&\"% in the value of unquoted equities.\"","v":"(b) For non strategic participations, an immediate 39% fall in the value of quoted equities and 49% in the value of unquoted equities."}]
[]
[null,null,"An equity investment is of a strategic nature if the following criteria are met:"]
[]
[null,null,"(i) The value of the equity investment is likely to be materially less volatile for the following 12 months than the value of other equities over the same period as a result of both the nature of the investment and the influence exercised by the participating undertaking in the related undertaking."]
[null,null,"(ii) The nature of the investment is strategic, taking into account all relevant factors, including:"]
[null,null,"(a) the existence of a clear decisive strategy to continue holding the participation for long period"]
[null,null,"(b) the consistency of the strategy referred to in point (a) with the main policies guiding or limiting the actions of the undertaking"]
[null,null,"(c) the participating undertaking’s ability to continue holding the participation in the related undertaking"]
[null,null,"(d) the existence of a durable link"]
[null,null,"(e) where the insurance or reinsurance participating company is part of a group, the consistency of such strategy with the main policies guiding or limiting the actions of the group"]
[]
[null,"Property Stress"]
[]
[null,null,"Property risk exists for assets and liabilities whose values are sensitive to changes in property prices."]
[]
[null,null,{"$f":"\"The change in capital resources is determined by applying an immdeiate \"&Factors!D259*100&\"% fall in property values.\"","v":"The change in capital resources is determined by applying an immdeiate 25% fall in property values."}]

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["MARKET RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"},null,null,"Assets",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Liabilities"]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Investment Exposures",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Reinsurance Share of Reserves",null,"Off-Balance Sheet Assets",null,"Assets Not Elsewhere Classified",null,"Claim and Premium Reserves",null,"Off-Balance Sheet Liabilities",null,"Liab Not Elsewhere Classified"]
[]
[null,"MARKET RISK",null,null,null,null,null,null,"REQUIRED CAPITAL",null,null,null,null,null,null,"Government Bonds",null,"Corporate Bonds",null,"Equities",null,"Property",null,"Derivatives",null,"Investment Funds",null,"Deposits",null,"Other Investments"]
[]
[null,"Interest Rate Risk",null,null,null,null,null,"Info",{"$f":"M29","v":0}]
[null,"Spread Risk",null,null,null,null,null,"Info",{"$f":"M41","v":0}]
[null,"Currency Risk",null,null,null,null,null,"Info",{"$f":"M61","v":0}]
[null,"Other Risks",null,null,null,null,null,"Info",{"$f":"I76","v":{"$error":"#VALUE!"}}]
[]
[null,"Total Undiversified Capital",null,null,null,null,null,null,{"$f":"SUM(I7:I10)","v":{"$error":"#VALUE!"}}]
[]
[null,"Diversification Adjustment",null,null,null,null,null,null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(I7:I10),Factors!$C$77:$F$80),I7:I10))-I12","v":{"$error":"#VALUE!"}}]
[]
[null,"Capital Requirement",null,null,null,null,null,null,{"$f":"I12+I14","v":{"$error":"#VALUE!"}}]
[]
[]
[]
[null,"INTEREST RATE RISK"]
[null,null,"Info",null,"Info",null,"Info",null,null,null,null,null,null,null,null,"Include Exposure in Stress?"]
[null,"Modified Duration of Exposure",null,null,"Value of",null,"Value of",null,"Net Value",null,"Capital",null,"Risk"]
[null,null,null,null,"Assets",null,"Liabilities",null,"of Exposure",null,"Factor",null,"Capital",null,null,"ü",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"?",null,"?",null,"û",null,"?",null,"?",null,"û"]
[]
[null,"Less than two years",null,null,0,null,0,null,{"$f":"ABS(E25-G25)","v":0},null,{"$f":"TRANSPOSE(Factors!C238:E238)","v":0},null,{"$f":"I25*K25","v":0}]
[null,"Two to less than five years",null,null,0,null,0,null,{"$f":"ABS(E26-G26)","v":0},null,0,null,{"$f":"I26*K26","v":0}]
[null,"Five years and above",null,null,0,null,0,null,{"$f":"ABS(E27-G27)","v":0},null,0,null,{"$f":"I27*K27","v":0}]
[]
[null,"Total",null,null,{"$f":"SUM(E25:E27)","v":0},null,{"$f":"SUM(G25:G27)","v":0},null,{"$f":"SUM(I25:I27)","v":0},null,null,null,{"$f":"SUM(M25:M27)","v":0}]
[]
[null,null,null,null,{"$f":"IF(AND(E29>='Balance Sheet GB'!H14+'Balance Sheet GB'!H15+'Balance Sheet GB'!H20,E29<='Balance Sheet GB'!H14+'Balance Sheet GB'!H15+'Balance Sheet GB'!H19+'Balance Sheet GB'!H20+'Balance Sheet GB'!H48),\"OK\",\"ERROR\")","v":"OK"}]
[null,"SPREAD RISK"]
[null,null,"Info",null,"Info",null,"Info",null,null,null,null,null,null,null,null,"Include Exposure in Stress?"]
[null,"Modified Duration of Exposure",null,null,"Value of",null,"Value of",null,"Net Value",null,"Capital",null,"Risk"]
[null,null,null,null,"Assets",null,"Liabilities",null,"of Exposure",null,"Factor",null,"Capital",null,null,"û",null,"ü",null,"û",null,"û",null,"û",null,"?",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[]
[null,"Less than two years",null,null,0,null,0,null,{"$f":"ABS(E37-G37)","v":0},null,{"$f":"TRANSPOSE(Factors!C247:E247)","v":0},null,{"$f":"I37*K37","v":0}]
[null,"Two to less than five years",null,null,0,null,0,null,{"$f":"ABS(E38-G38)","v":0},null,0,null,{"$f":"I38*K38","v":0}]
[null,"Five years and above",null,null,0,null,0,null,{"$f":"ABS(E39-G39)","v":0},null,0,null,{"$f":"I39*K39","v":0}]
[]
[null,"Total",null,null,{"$f":"SUM(E37:E39)","v":0},null,{"$f":"SUM(G37:G39)","v":0},null,{"$f":"SUM(I37:I39)","v":0},null,null,null,{"$f":"SUM(M37:M39)","v":0}]
[]
[null,null,null,null,{"$f":"IF(AND(E41>='Balance Sheet GB'!H15+'Balance Sheet GB'!H20,E41<='Balance Sheet GB'!H15+'Balance Sheet GB'!H19+'Balance Sheet GB'!H20+'Balance Sheet GB'!H48),\"OK\",\"ERROR\")","v":"OK"}]
[null,"CURRENCY RISK"]
[null,null,"Info",null,"Info",null,"Info",null,null,null,null,null,null,null,null,"Include Exposure in Stress?"]
[null,"Foreign Currency",null,null,"Value of",null,"Value of",null,"Net Value",null,"Capital",null,"Risk "]
[null,null,null,null,"Assets",null,"Liabilities",null,"of Exposure",null,"Factor",null,"Capital",null,null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?",null,"?"]
[null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"},null,{"$f":"Reporting_Currency","v":"GBP"},null,{"$f":"Reporting_Currency","v":"GBP"},null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E50-G50)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I50*K50","v":0},null,null,{"$f":"IF(B50='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,{"$f":"IF(P50=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(P50=\"Error\",1,0)","v":0}]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E51-G51)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I51*K51","v":0},null,null,{"$f":"IF(B51='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,{"$f":"IF(P51=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(P51=\"Error\",1,0)","v":0}]
[null,null,null,null,0,null,0,null,0,null,{"$f":"Factors!$C$259","v":0.25},null,0,null,null,{"$f":"IF(B52='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,0,null,{"$f":"Factors!$C$259","v":0.25},null,0,null,null,{"$f":"IF(B53='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E54-G54)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I54*K54","v":0},null,null,{"$f":"IF(B54='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E55-G55)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I55*K55","v":0},null,null,{"$f":"IF(B55='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E56-G56)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I56*K56","v":0},null,null,{"$f":"IF(B56='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,{"$f":"ABS(E57-G57)","v":0},null,{"$f":"Factors!$C$259","v":0.25},null,{"$f":"I57*K57","v":0},null,null,{"$f":"IF(B57='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,0,null,{"$f":"Factors!$C$259","v":0.25},null,0,null,null,{"$f":"IF(B58='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[null,null,null,null,0,null,0,null,0,null,{"$f":"Factors!$C$259","v":0.25},null,0,null,null,{"$f":"IF(B59='Undertaking Information'!$E$11,\"ERROR\",\"OK\")","v":"OK"},null,null,null,null,null,"",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[]
[null,"Total",null,null,{"$f":"SUM(E50:E60)","v":0},null,{"$f":"SUM(G50:G60)","v":0},null,{"$f":"SUM(I50:I60)","v":0},null,null,null,{"$f":"SUM(M50:M60)","v":0}]
[]
[]
[null,"OTHER MARKET RISKS"]
[]
[null,"Exposure Type",null,null,"Value",null,"Capital",null,"Risk "]
[null,null,null,null,"of Exposure",null,"Factor",null,"Capital"]
[]
[null,"Equities"]
[null,null,"Listed equities","Info",0,null,{"$f":"Factors!E259","v":0.39},null,{"$f":"E70*G70","v":0},null,null,null,null,null,null,"Include Exposure in Stress?"]
[null,null,"Unlisted equities","Info",0,null,{"$f":"Factors!F259","v":0.49},null,{"$f":"E71*G71","v":0}]
[null,null,"Total",null,{"$f":"E70+E71","v":0},null,null,null,{"$f":"I70+I71","v":0},null,{"$f":"IF(AND(E72>='Balance Sheet GB'!H16,E72<='Balance Sheet GB'!H16+'Balance Sheet GB'!H19),\"OK\",\"ERROR\")","v":"OK"},null,null,null,null,"û",null,"û",null,"ü",null,"û",null,"û",null,"?",null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[null,"Property",null,"Info",0,null,{"$f":"Factors!D259","v":0.25},null,{"$f":"E73*G73","v":0},null,{"$f":"IF(AND(E73>='Balance Sheet GB'!H17,E73<='Balance Sheet GB'!H17+'Balance Sheet GB'!H19),\"OK\",\"ERROR\")","v":"OK"},null,null,null,null,"û",null,"û",null,"û",null,"ü",null,"û",null,"?",null,"û",null,"û",null,"û",null,"?",null,"û",null,"û",null,"?",null,"û"]
[null,"Derivatives",null,"Info",0,null,{"$f":"Factors!I259","v":"n/a"},null,{"$f":"E74*G74","v":{"$error":"#VALUE!"}},null,{"$f":"IF(AND(E74>='Balance Sheet GB'!H18,E74<='Balance Sheet GB'!H18+'Balance Sheet GB'!H19),\"OK\",\"ERROR\")","v":"OK"},null,null,null,null,"û",null,"û",null,"û",null,"û",null,"ü",null,"?",null,"û",null,"û",null,"û",null,"I",null,"û",null,"û",null,"I",null,"û"]
[null,"Other investments",null,"Info",0,null,{"$f":"Factors!H259","v":0.49},null,{"$f":"E75*G75","v":0},null,{"$f":"IF(AND(E75>='Balance Sheet GB'!H21,E75<='Balance Sheet GB'!H21+'Balance Sheet GB'!H19),\"OK\",\"ERROR\")","v":"OK"},null,null,null,null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û",null,"ü",null,"û",null,"û",null,"û",null,"û",null,"û",null,"û"]
[null,"Total",null,null,{"$f":"SUM(E72:E75)","v":0},null,null,null,{"$f":"SUM(I72:I75)","v":{"$error":"#VALUE!"}}]
[]
[null,"Total Exposure Input",null,null,{"$f":"E29+E41+E76","v":0},null,{"$f":"IF(AND(E78>='Balance Sheet GB'!H14+2*'Balance Sheet GB'!H15+'Balance Sheet GB'!H16+'Balance Sheet GB'!H17+'Balance Sheet GB'!H18+2*'Balance Sheet GB'!H20+'Balance Sheet GB'!H21,E78<='Balance Sheet GB'!H14+2*'Balance Sheet GB'!H15+'Balance Sheet GB'!H16+'Balance Sheet GB'!H17+'Balance Sheet GB'!H18+2*'Balance Sheet GB'!H19+2*'Balance Sheet GB'!H20+'Balance Sheet GB'!H21+2*'Balance Sheet GB'!H48),\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,null,"<Enter Comments>"]
[]
[]
[null,"Interest Rate Risk"]
[]
[null,null,"Interest rate risk exists for assets and liabilities whose values are sensitive to changes in interest rates.\nFor example, this includes bonds and term deposits.  It also includes the value of the reserves and the value of the reinsurers share of reserves if the future cash flows are projected and then discounted.  If discounting is not used, then no input is required."]
[]
[null,null,"The net value of exposure is determined as:"]
[]
[null,null,"(a) the market value of assets subject to interest rate risk (e.g. bonds and long term deposits, reinsurers share of reserves);"]
[]
[null,null,"less"]
[]
[null,null,"(b) the value of the liabilities subject to interest rate risk. Claim reserves and premium reserves where the value on the regulatory balance sheet has been discounted to take account of the time value of money must be input.  Off-balance sheet liabilities (excluding derivative exposures) may also be included if the contingent value is sensitive to changes in interest rates."]
[]
[null,null,"The assets and liabilities should be segmented by duration (as defined below)."]
[]
[null,"Spread Risk"]
[]
[null,null,"Spread risk exists for assets and liabilites whose values are sensitive to changes in credit spreads.\nFor example, this includes corporate bonds, and the value of the reserves and the value of the reinsurers share of the reserves if the future cash flows are projected and then discounted using an interest rate which includes an element of credit risk.  If discounting is not used, or the discount rate does not include an element of credit risk, then no inputs is required."]
[]
[null,"Modified Duration"]
[]
[null,null,"The modified duration is the change in the value of the assets or liabilities for a 1% change in interest rates (part of which is spread risk).\nNote that this differs from the basic (or Macaulay) duration which is simply the weighted average time of a series of cash flows."]
[]
[]
[null,"Investment Funds"]
[]
[null,null,"The market risk capital requirement for investment funds may be calculated on the basis of each of the underlying assets of the fund. Alternatively the exposure may be reported under the \"other investments\" exposure category."]

{"sheet":"Default Risk LTB","index":17,"n_rows":117,"n_cols":16,"rows_kept":117,"cut":false,"hidden":false,"merged":[[1,14,1,15],[109,3,111,3],[116,3,116,11],[118,3,118,11],[120,3,120,11],[122,3,122,11],[83,5,83,11],[97,9,97,11],[100,11,102,11],[100,3,102,3],[14,1,15,1],[13,5,13,7],[14,5,14,7],[106,3,108,3],[68,2,68,13],[71,2,71,13],[103,3,105,3]]}
["COUNTERPARTY DEFAULT RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name","v":"00:00:00"},null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"COUNTERPARTY DEFAULT RISK",null,null,null,"REQUIRED CAPITAL"]
[null,null,null,null,null,null,null,null,null,null,null,"Reinsurance share of reserves",null,{"$f":"SUMIF($D$33:$D$63,L6,$H$33:$H$63)","v":0},null,{"$f":"IF(N6='Balance Sheet LTB'!H36+'Balance Sheet LTB'!H35,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Receivables",null,null,null,{"$f":"J26","v":0},null,null,null,null,null,"Loans",null,{"$f":"SUMIF($D$33:$D$63,L7,$H$33:$H$63)","v":0},null,{"$f":"IF(N7='Balance Sheet LTB'!H30,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Other Exposures",null,null,null,{"$f":"P65","v":0},null,null,null,null,null,"Cash and cash equivalents",null,{"$f":"SUMIF($D$33:$D$63,L8,$H$33:$H$63)","v":0},null,{"$f":"IF(N8='Balance Sheet LTB'!H43+'Balance Sheet LTB'!H44,\"OK\",\"ERROR\")","v":"OK"}]
[null,null,null,null,null,null,null,null,null,null,null,"Other on-balance sheet assets",null,{"$f":"SUMIF($D$33:$D$63,L9,$H$33:$H$63)","v":0},null,{"$f":"IF(N9='Balance Sheet LTB'!H37+'Balance Sheet LTB'!H46+'Balance Sheet LTB'!H41,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Capital Requirement",null,null,null,{"$f":"F7+F8","v":0},null,null,null,null,null,"Off-balance sheet available assets",null,{"$f":"SUMIF($D$33:$D$63,L10,$H$33:$H$63)","v":0},null,{"$f":"IF(AND(N10>='Balance Sheet LTB'!H50+'Balance Sheet LTB'!H51+'Balance Sheet LTB'!H52,N10<='Balance Sheet LTB'!H54),\"OK\",\"ERROR\")","v":"OK"}]
[]
[]
[null,"RECEIVABLES"]
[null,null,null,null,null,"Info"]
[null,"TYPE",null,null,null,"Days Overdue",null,null,null,"Total"]
[null,null,null,null,null,"0 to 90",null,"Over 90"]
[]
[null,"Insurance and intermediaries receivables",null,null,null,0,null,0,null,{"$f":"F18+H18","v":0},null,{"$f":"IF(J18='Balance Sheet LTB'!H33,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Reinsurance receivables (other than reserves)",null,null,null,0,null,0,null,{"$f":"F19+H19","v":0},null,{"$f":"IF(J19='Balance Sheet LTB'!H34,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Other receivables due",null,null,null,0,null,0,null,{"$f":"F20+H20","v":0}]
[]
[null,"Less: Amounts offset in case of default",null,null,null,0,null,0,null,{"$f":"F22+H22","v":0}]
[]
[null,"Net Residual Exposure",null,null,null,{"$f":"MAX(F18+F19+F20-F22,0)","v":0},null,{"$f":"MAX(H18+H19+H20-H22,0)","v":0},null,{"$f":"F24+H24","v":0}]
[null,"Capital Factor",null,null,null,{"$f":"Factors!C170","v":0},null,{"$f":"Factors!D170","v":1}]
[null,"Risk Capital",null,null,null,{"$f":"F24*F25","v":0},null,{"$f":"H24*H25","v":0},null,{"$f":"F26+H26","v":0}]
[]
[null,"OTHER EXPOSURES"]
[null,null,null,null,null,"Info",null,null,null,"Info"]
[null,"Counterparty Name",null,"Exposure Type",null,"Credit",null,"Gross Exposure",null,"Amount Offset in",null,"Recovery",null,"Capital ",null,"Risk"]
[null,null,null,null,null,"Rating",null,"Value",null,"Case of Default",null,"Rate",null,"Factor",null,"Capital"]
[]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D33=\"\",0%,OFFSET(Factors!$L$175,MATCH(D33,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F33=\"\",0%,OFFSET(Factors!$B$175,MATCH(F33,Factors!$B$175:$B$181,0)-1,7))","v":0},null,{"$f":"MAX(0,H33-J33)*(1-L33)*N33","v":0}]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D34=\"\",0%,OFFSET(Factors!$L$175,MATCH(D34,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F34=\"\",0%,OFFSET(Factors!$B$175,MATCH(F34,Factors!$B$175:$B$181,0)-1,7))","v":0},null,{"$f":"MAX(0,H34-J34)*(1-L34)*N34","v":0}]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D35=\"\",0%,OFFSET(Factors!$L$175,MATCH(D35,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F35=\"\",0%,OFFSET(Factors!$B$175,MATCH(F35,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D36=\"\",0%,OFFSET(Factors!$L$175,MATCH(D36,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F36=\"\",0%,OFFSET(Factors!$B$175,MATCH(F36,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D37=\"\",0%,OFFSET(Factors!$L$175,MATCH(D37,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F37=\"\",0%,OFFSET(Factors!$B$175,MATCH(F37,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D38=\"\",0%,OFFSET(Factors!$L$175,MATCH(D38,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F38=\"\",0%,OFFSET(Factors!$B$175,MATCH(F38,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D39=\"\",0%,OFFSET(Factors!$L$175,MATCH(D39,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F39=\"\",0%,OFFSET(Factors!$B$175,MATCH(F39,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D40=\"\",0%,OFFSET(Factors!$L$175,MATCH(D40,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F40=\"\",0%,OFFSET(Factors!$B$175,MATCH(F40,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D41=\"\",0%,OFFSET(Factors!$L$175,MATCH(D41,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F41=\"\",0%,OFFSET(Factors!$B$175,MATCH(F41,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D42=\"\",0%,OFFSET(Factors!$L$175,MATCH(D42,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F42=\"\",0%,OFFSET(Factors!$B$175,MATCH(F42,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D43=\"\",0%,OFFSET(Factors!$L$175,MATCH(D43,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F43=\"\",0%,OFFSET(Factors!$B$175,MATCH(F43,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D44=\"\",0%,OFFSET(Factors!$L$175,MATCH(D44,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F44=\"\",0%,OFFSET(Factors!$B$175,MATCH(F44,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D45=\"\",0%,OFFSET(Factors!$L$175,MATCH(D45,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F45=\"\",0%,OFFSET(Factors!$B$175,MATCH(F45,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D46=\"\",0%,OFFSET(Factors!$L$175,MATCH(D46,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F46=\"\",0%,OFFSET(Factors!$B$175,MATCH(F46,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D47=\"\",0%,OFFSET(Factors!$L$175,MATCH(D47,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F47=\"\",0%,OFFSET(Factors!$B$175,MATCH(F47,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D48=\"\",0%,OFFSET(Factors!$L$175,MATCH(D48,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F48=\"\",0%,OFFSET(Factors!$B$175,MATCH(F48,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D49=\"\",0%,OFFSET(Factors!$L$175,MATCH(D49,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F49=\"\",0%,OFFSET(Factors!$B$175,MATCH(F49,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D50=\"\",0%,OFFSET(Factors!$L$175,MATCH(D50,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F50=\"\",0%,OFFSET(Factors!$B$175,MATCH(F50,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D51=\"\",0%,OFFSET(Factors!$L$175,MATCH(D51,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F51=\"\",0%,OFFSET(Factors!$B$175,MATCH(F51,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D52=\"\",0%,OFFSET(Factors!$L$175,MATCH(D52,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F52=\"\",0%,OFFSET(Factors!$B$175,MATCH(F52,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D53=\"\",0%,OFFSET(Factors!$L$175,MATCH(D53,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F53=\"\",0%,OFFSET(Factors!$B$175,MATCH(F53,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D54=\"\",0%,OFFSET(Factors!$L$175,MATCH(D54,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F54=\"\",0%,OFFSET(Factors!$B$175,MATCH(F54,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D55=\"\",0%,OFFSET(Factors!$L$175,MATCH(D55,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F55=\"\",0%,OFFSET(Factors!$B$175,MATCH(F55,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D56=\"\",0%,OFFSET(Factors!$L$175,MATCH(D56,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F56=\"\",0%,OFFSET(Factors!$B$175,MATCH(F56,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D57=\"\",0%,OFFSET(Factors!$L$175,MATCH(D57,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F57=\"\",0%,OFFSET(Factors!$B$175,MATCH(F57,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D58=\"\",0%,OFFSET(Factors!$L$175,MATCH(D58,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F58=\"\",0%,OFFSET(Factors!$B$175,MATCH(F58,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D59=\"\",0%,OFFSET(Factors!$L$175,MATCH(D59,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F59=\"\",0%,OFFSET(Factors!$B$175,MATCH(F59,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D60=\"\",0%,OFFSET(Factors!$L$175,MATCH(D60,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F60=\"\",0%,OFFSET(Factors!$B$175,MATCH(F60,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D61=\"\",0%,OFFSET(Factors!$L$175,MATCH(D61,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F61=\"\",0%,OFFSET(Factors!$B$175,MATCH(F61,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D62=\"\",0%,OFFSET(Factors!$L$175,MATCH(D62,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F62=\"\",0%,OFFSET(Factors!$B$175,MATCH(F62,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D63=\"\",0%,OFFSET(Factors!$L$175,MATCH(D63,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F63=\"\",0%,OFFSET(Factors!$B$175,MATCH(F63,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[]
[null,null,null,null,null,null,null,{"$f":"SUM(H33:H64)","v":0},null,{"$f":"SUM(J33:J64)","v":0},null,null,null,null,null,{"$f":"SUM(P33:P64)","v":0}]
[]
[]
[null,"Amounts Offset in Case of Default"]
[null,null,"The exposure to each counterparty may be reduced by liabilities towards the same counterparty and by collateral posted against the same counterparty, to the extent that they could be offset or recovered in the event of legal default."]
[]
[null,"Credit Rating Guidance"]
[null,null,"For the purpose of the Regulatory Capital Assessment, the Commission has determined that the following rating agencies are acceptable:"]
[]
[null,null,null,"Standard and Poor’s"]
[null,null,null,"Moody’s Investors Service"]
[null,null,null,"Fitch Ratings"]
[null,null,null,"A.M. Best Company"]
[]
[null,null,"Table 1: Short Term Ratings"]
[]
[null,null,"The short-term ratings in Table 1 are typically used for assets with an outstanding term to maturity of not more than 12 months."]
[]
[]
[null,null,null,null,null,"Short Term Credit Ratings"]
[null,null,null,"Credit Rating Grade",null,"Standard & Poor’s",null,"Moody’s",null,"A.M. Best",null,"Fitch"]
[null,null,null,"AAA",null,"A1+",null,null,null,"AMB-1+",null,"F1+"]
[null,null,null,"AA",null,"A1",null,"P-1",null,"AMB-1",null,"F1"]
[null,null,null,"A",null,"A2",null,"P-2",null,"AMB-2",null,"F2"]
[null,null,null,"BBB",null,"A3",null,"P-3",null,"AMB-3",null,"F3"]
[null,null,null,"BB",null,"n/a",null,"n/a",null,"n/a",null,"n/a"]
[null,null,null,"B or Lower",null,"B or lower",null,"Not Prime or lower",null,"AMB-4 or Lower",null,"B or Lower"]
[]
[]
[null,null,null,"Table 2: Long Term Ratings"]
[]
[null,null,null,"The long-term ratings in Table 2 are typically used for assets with an outstanding term to maturity of more than 12 months."]
[]
[null,null,null,null,null,null,null,null,null,"A.M. Best"]
[null,null,null,"Credit Rating Grade",null,"Standard & Poor’s",null,"Moody’s",null,"Debt",null,"Financial Strength Rating",null,"Fitch "]
[null,null,null,"AAA",null,"AAA",null,"Aaa",null,"aaa",null,"A++",null,"AAA"]
[null,null,null,"AA",null,"AA+",null,"Aa1",null,"aa+",null,"A+",null,"AA+"]
[null,null,null,null,null,"AA",null,"Aa2",null,"aa",null,null,null,"AA"]
[null,null,null,null,null,"AA-",null,"Aa3",null,"aa-",null,null,null,"AA-"]
[null,null,null,"A",null,"A+",null,"A1",null,"a+",null,null,null,"A+"]
[null,null,null,null,null,"A",null,"A2",null,"a",null,"A",null,"A"]
[null,null,null,null,null,"A-",null,"A3",null,"a-",null,"A-",null,"A-"]
[null,null,null,"BBB",null,"BBB+",null,"Baa1",null,"bbb+",null,null,null,"BBB+"]
[null,null,null,null,null,"BBB",null,"Baa2",null,"bbb",null,"B++",null,"BBB"]
[null,null,null,null,null,"BBB-",null,"Baa3",null,"bbb-",null,"B+",null,"BBB-"]
[null,null,null,"BB",null,"BB+",null,"Ba1",null,"bb+",null,null,null,"BB+"]
[null,null,null,null,null,"BB",null,"Ba2",null,"bb",null,"B",null,"BB"]
[null,null,null,null,null,"BB-",null,"Ba3",null,"bb-",null,"B-",null,"BB-"]
[null,null,null,"B or Lower",null,"B+ or lower",null,"B1 or lower",null,"b+ or lower",null,"C++ or lower",null,"B+ or lower"]
[]
[null,null,null,"Unrated counterparties must be classified to the credit rating grade of 'B or Lower'."]
[]
[null,null,null,"In cases where more than one credit rating grade is available for a counterparty, the second-highest credit rating grade should be used."]

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["COUNTERPARTY DEFAULT RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name","v":"00:00:00"},null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[]
[null,"COUNTERPARTY DEFAULT RISK",null,null,null,"REQUIRED CAPITAL"]
[null,null,null,null,null,null,null,null,null,null,null,"Reinsurance share of reserves",null,{"$f":"SUMIF($D$33:$D$63,L6,$H$33:$H$63)","v":0},null,{"$f":"IF(N6='Balance Sheet GB'!H32+'Balance Sheet GB'!H33,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Receivables",null,null,null,{"$f":"J26","v":0},null,null,null,null,null,"Loans",null,{"$f":"SUMIF($D$33:$D$63,L7,$H$33:$H$63)","v":0},null,{"$f":"IF(N7='Balance Sheet GB'!H27,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Other Exposures",null,null,null,{"$f":"P65","v":0},null,null,null,null,null,"Cash and cash equivalents",null,{"$f":"SUMIF($D$33:$D$63,L8,$H$33:$H$63)","v":0},null,{"$f":"IF(N8='Balance Sheet GB'!H39,\"OK\",\"ERROR\")","v":"OK"}]
[null,null,null,null,null,null,null,null,null,null,null,"Other on-balance sheet assets",null,{"$f":"SUMIF($D$33:$D$63,L9,$H$33:$H$63)","v":0},null,{"$f":"IF(N9='Balance Sheet GB'!H34+'Balance Sheet GB'!H41+'Balance Sheet GB'!H38,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Capital Requirement",null,null,null,{"$f":"F7+F8","v":0},null,null,null,null,null,"Off-balance sheet available assets",null,{"$f":"SUMIF($D$33:$D$63,L10,$H$33:$H$63)","v":0},null,{"$f":"IF(AND(N10>='Balance Sheet GB'!H45+'Balance Sheet GB'!H46+'Balance Sheet GB'!H47,N10<='Balance Sheet GB'!H49),\"OK\",\"ERROR\")","v":"OK"}]
[]
[]
[null,"RECEIVABLES"]
[null,null,null,null,null,"Info"]
[null,"TYPE",null,null,null,"Days Overdue",null,null,null,"Total"]
[null,null,null,null,null,"0 to 90",null,"Over 90"]
[]
[null,"Insurance and intermediaries receivables",null,null,null,0,null,0,null,{"$f":"F18+H18","v":0},null,{"$f":"IF(J18='Balance Sheet GB'!H30,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Reinsurance receivables (other than reserves)",null,null,null,0,null,0,null,{"$f":"F19+H19","v":0},null,{"$f":"IF(J19='Balance Sheet GB'!H31,\"OK\",\"ERROR\")","v":"OK"}]
[null,"Other receivables due",null,null,null,0,null,0,null,{"$f":"F20+H20","v":0}]
[]
[null,"Less: Amounts offset in case of default",null,null,null,0,null,0,null,{"$f":"F22+H22","v":0}]
[]
[null,"Net Residual Exposure",null,null,null,{"$f":"MAX(F18+F19+F20-F22,0)","v":0},null,{"$f":"MAX(H18+H19+H20-H22,0)","v":0},null,{"$f":"F24+H24","v":0}]
[null,"Capital Factor",null,null,null,{"$f":"Factors!C170","v":0},null,{"$f":"Factors!D170","v":1}]
[null,"Risk Capital",null,null,null,{"$f":"F24*F25","v":0},null,{"$f":"H24*H25","v":0},null,{"$f":"F26+H26","v":0}]
[]
[null,"OTHER EXPOSURES"]
[null,null,null,null,null,"Info",null,null,null,"Info"]
[null,"Counterparty Name",null,"Exposure Type",null,"Credit",null,"Gross Exposure",null,"Amount Offset in",null,"Recovery",null,"Capital ",null,"Risk"]
[null,null,null,null,null,"Rating",null,"Value",null,"Case of Default",null,"Rate",null,"Factor",null,"Capital"]
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[null,null,null,null,null,null,null,0,null,0,null,{"$f":"IF(D63=\"\",0%,OFFSET(Factors!$L$175,MATCH(D63,Factors!$L$175:$L$181,0)-1,1))","v":0},null,{"$f":"IF(F63=\"\",0%,OFFSET(Factors!$B$175,MATCH(F63,Factors!$B$175:$B$181,0)-1,7))","v":0},null,0]
[]
[null,null,null,null,null,null,null,{"$f":"SUM(H33:H64)","v":0},null,{"$f":"SUM(J33:J64)","v":0},null,null,null,null,null,{"$f":"SUM(P33:P64)","v":0}]
[]
[]
[null,"Amounts Offset in Case of Default"]
[null,null,"The exposure to each counterparty may be reduced by liabilities towards the same counterparty and by collateral posted against the same counterparty, to the extent that they could be offset or recovered in the event of legal default."]
[]
[null,"Credit Rating Guidance"]
[null,null,"For the purpose of the Regulatory Capital Assessment, the Commission has determined that the following rating agencies are acceptable:"]
[]
[null,null,null,"Standard and Poor’s"]
[null,null,null,"Moody’s Investors Service"]
[null,null,null,"Fitch Ratings"]
[null,null,null,"A.M. Best Company"]
[]
[null,null,"Table 1: Short Term Ratings"]
[]
[null,null,"The short-term ratings in Table 1 are typically used for assets with an outstanding term to maturity of not more than 12 months."]
[]
[]
[null,null,null,null,null,"Short Term Credit Ratings"]
[null,null,null,"Credit Rating Grade",null,"Standard & Poor’s",null,"Moody’s",null,"A.M. Best",null,"Fitch"]
[null,null,null,"AAA",null,"A1+",null,null,null,"AMB-1+",null,"F1+"]
[null,null,null,"AA",null,"A1",null,"P-1",null,"AMB-1",null,"F1"]
[null,null,null,"A",null,"A2",null,"P-2",null,"AMB-2",null,"F2"]
[null,null,null,"BBB",null,"A3",null,"P-3",null,"AMB-3",null,"F3"]
[null,null,null,"BB",null,"n/a",null,"n/a",null,"n/a",null,"n/a"]
[null,null,null,"B or Lower",null,"B or lower",null,"Not Prime or lower",null,"AMB-4 or Lower",null,"B or Lower"]
[]
[]
[null,null,null,"Table 2: Long Term Ratings"]
[]
[null,null,null,"The long-term ratings in Table 2 are typically used for assets with an outstanding term to maturity of more than 12 months."]
[]
[null,null,null,null,null,null,null,null,null,"A.M. Best"]
[null,null,null,"Credit Rating Grade",null,"Standard & Poor’s",null,"Moody’s",null,"Debt",null,"Financial Strength Rating",null,"Fitch "]
[null,null,null,"AAA",null,"AAA",null,"Aaa",null,"aaa",null,"A++",null,"AAA"]
[null,null,null,"AA",null,"AA+",null,"Aa1",null,"aa+",null,"A+",null,"AA+"]
[null,null,null,null,null,"AA",null,"Aa2",null,"aa",null,null,null,"AA"]
[null,null,null,null,null,"AA-",null,"Aa3",null,"aa-",null,null,null,"AA-"]
[null,null,null,"A",null,"A+",null,"A1",null,"a+",null,null,null,"A+"]
[null,null,null,null,null,"A",null,"A2",null,"a",null,"A",null,"A"]
[null,null,null,null,null,"A-",null,"A3",null,"a-",null,"A-",null,"A-"]
[null,null,null,"BBB",null,"BBB+",null,"Baa1",null,"bbb+",null,null,null,"BBB+"]
[null,null,null,null,null,"BBB",null,"Baa2",null,"bbb",null,"B++",null,"BBB"]
[null,null,null,null,null,"BBB-",null,"Baa3",null,"bbb-",null,"B+",null,"BBB-"]
[null,null,null,"BB",null,"BB+",null,"Ba1",null,"bb+",null,null,null,"BB+"]
[null,null,null,null,null,"BB",null,"Ba2",null,"bb",null,"B",null,"BB"]
[null,null,null,null,null,"BB-",null,"Ba3",null,"bb-",null,"B-",null,"BB-"]
[null,null,null,"B or Lower",null,"B+ or lower",null,"B1 or lower",null,"b+ or lower",null,"C++ or lower",null,"B+ or lower"]
[]
[null,null,null,"Unrated counterparties must be classified to the credit rating grade of 'B or Lower'."]

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["PREMIUM RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
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[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Motor","Gen Liab","Casulty (NP)","MAT","MAT (NP)","Property","Prop (NP)","Legal Exp","Misc","Health","Health (NP)","Div. Effects","Capital Req't"]
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[]
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[null,{"$f":"Factors!B45","v":"General Liability"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2,{"$f":"SUM(AP7,AR7:BB7)-BC8","v":{"$error":"#DIV/0!"}},null,null,{"$f":"$F8/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B46","v":"Casualty Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,3,{"$f":"SUM(AP8,AR8:BB8)-BC9","v":{"$error":"#DIV/0!"}},null,null,null,{"$f":"$F9/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B47","v":"Marine, Aviation and Transport (MAT)"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,4,{"$error":"#DIV/0!"},null,null,null,null,{"$f":"$F10/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B48","v":"MAT Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,{"$error":"#DIV/0!"},null,null,null,null,null,{"$f":"$F11/$F$23","v":{"$error":"#DIV/0!"}}]
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[null,{"$f":"Factors!B50","v":"Property Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,7,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,{"$f":"$F13/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B51","v":"Legal Expenses"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,8,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,{"$f":"$F14/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B52","v":"Miscellaneous"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,{"$f":"$F15/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B53","v":"Health"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,10,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,null,{"$f":"$F16/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B54","v":"Health Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,11,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,null,null,{"$f":"$F17/$F$23","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Div. Effect",{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(AQ7:BB17)-1","v":{"$error":"#DIV/0!"}}]
[null,"Total Undiversified Capital",null,null,null,{"$f":"SUM(F7:F17)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Capital Req't",null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[]
[null,"Diversification Adjustment",null,null,null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(F7:F17),Factors!$C$146:$M$156),F7:F17))-F19","v":0}]
[]
[null,"Capital Requirement",null,null,null,{"$f":"F19+F21","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yes"]
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[]
[null,null,null,null,null,"Info",null,"Info",null,"Info"]
[null,"Info",null,"Info","On Business Expected to Commence During Next 12 Months",null,null,null,null,null,null,null,null,null,null,null,null,"Info",null,"Info",null,"Info",null,"Info",null,"Info"]
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[null,null,null,null,null,"Written",null,null,null,"Premium",null,"Written",null,"Factor",null,"Capital",null,"Gross",null,"Net",null,"Gross",null,"Net ",null,"Gap",null,"Capital"]
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[]
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[]
[null,"Total",null,null,null,{"$f":"SUM(F32:F52)","v":0},null,{"$f":"SUM(H32:H52)","v":0},null,{"$f":"SUM(J32:J52)","v":0},null,{"$f":"SUM(L32:L52)","v":0},null,null,null,{"$f":"SUM(P32:P52)","v":0},null,null,null,null,null,{"$f":"IF(COUNTIFS(P32:P51,\">\"&0,$V$32:$V$51,\"Unlimited\")>0,\"Unlimited\",SUM(V32:V51))","v":0},null,{"$f":"IF(COUNTIFS($P32:$P51,\">\"&0,$X$32:$X$51,\"Unlimited\")>0,\"Unlimited\",SUM(X32:X51))","v":0},null,{"$f":"IF(COUNTIFS($P32:$P51,\">\"&0,$Z$32:$Z$51,\"Unlimited\")>0,\"Unlimited\",SUM(Z32:Z51))","v":0},null,{"$f":"SUM(AB32:AB52)","v":0}]
[]
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[]
[null,"<Enter Comments>"]
[]
[]
[null,"Lines of Business"]
[]
[null,"Each insurance policy (or part thereof) should be allocated to the line of business that best reflects the nature of the underlying risk, rather than the legal form of the policy.  Where it is not possible to split the policy, or where one or more risks within a single policy are not material, the policy should be allocated to the most significant line of business in terms of risk.\nDefinitions of the lines of business are included in Schedule 2 of the Rules.\n"]
[]
[null,"Gross Exposure Limited by Aggregate Limited"]
[]
[null,"For policies with an aggregate limit there is a maximum exposure.  This risk gap is calculated as the maximum aggregate limit less the net written premium."]
[]
[null,"Cross Class Reinsurance"]
[]
[null,"Where there is a cross class reinsurance arrangement aggregate exposure limits should be allocated pro-rata in accordance with the premium allocation per line of business.  "]
[null,"Alternative treatments may be used with the prior consent of the Commission."]

{"sheet":"Reserve Risk","index":20,"n_rows":113,"n_cols":40,"rows_kept":113,"cut":false,"hidden":true,"merged":[[1,17,1,19],[112,1,112,17],[76,1,76,17],[84,1,84,17],[65,1,65,19],[88,1,88,17],[104,1,104,17],[70,1,70,17],[70,19,70,25],[80,1,80,17]]}
["RESERVE RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Motor","Gen Liab","Casulty (NP)","MAT","MAT (NP)","Property","Prop (NP)","Legal Exp","Misc","Health","Health (NP)","Div. Effects","Capital Req't"]
[null,"RESERVE RISK",null,null,null,"REQUIRED CAPITAL",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Invisible",null,"Motor","Gen\nLiab","Casulty\n(NP)","MAT","MAT\n(NP)","Property","Prop\n(NP)","Legal\nExp","Misc","Health","Health \n(NP)","Div.\nEffects","Capital\nReq'd"]
[]
[null,{"$f":"Factors!B44","v":"Motor"},null,null,null,{"$f":"SUMIF($D$31:$D$61,B7,$T$31:$T$61)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1,0,null,{"$f":"$F7/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B45","v":"General Liability"},null,null,null,{"$f":"SUMIF($D$31:$D$61,B8,$T$31:$T$61)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2,{"$f":"SUM(Z7,AB7:AL7)-AM8","v":{"$error":"#DIV/0!"}},null,null,{"$f":"$F8/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B46","v":"Casualty Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,3,{"$f":"SUM(Z8,AB8:AL8)-AM9","v":{"$error":"#DIV/0!"}},null,null,null,{"$f":"$F9/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B47","v":"Marine, Aviation and Transport (MAT)"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,4,{"$error":"#DIV/0!"},null,null,null,null,{"$f":"$F10/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B48","v":"MAT Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,{"$error":"#DIV/0!"},null,null,null,null,null,{"$f":"$F11/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B49","v":"Property"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,6,{"$f":"SUM(Z11,AB11:AL11)-AM12","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,{"$f":"$F12/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B50","v":"Property Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,7,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,{"$f":"$F13/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B51","v":"Legal Expenses"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,8,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,{"$f":"$F14/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B52","v":"Miscellaneous"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,{"$f":"$F15/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B53","v":"Health"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,10,{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,null,{"$f":"$F16/$F$23","v":{"$error":"#DIV/0!"}}]
[null,{"$f":"Factors!B54","v":"Health Non-Proportional"},null,null,null,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,11,{"$f":"SUM(Z16,AB16:AL16)-AM17","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,{"$f":"$F17/$F$23","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Div. Effect",{"$f":"SUM(Z17,AB17:AL17)-AM18","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(AA7:AL17)-1","v":{"$error":"#DIV/0!"}}]
[null,"Total Undiversified Capital",null,null,null,{"$f":"SUM(F7:F17)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Capital Req't",null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[]
[null,"Diversification Adjustment",null,null,null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(F7:F17),Factors!$C$146:$M$156),F7:F17))-F19","v":0}]
[]
[null,"Capital Requirement",null,null,null,{"$f":"F19+F21","v":0}]
[]
[]
[null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,"Info",null,null,null,null,null,"Info"]
[null,"Name of Policy",null,"Segment",null,"Gross",null,"Gross",null,"Reinsurance",null,"Reserved to",null,"Residual","Capital","Unrestricted",null,"Almost",null,"Capital"]
[null,null,null,null,null,"Claim",null,"Premium",null,"Share of ",null,"Maximum",null,"Reserve","Factor","Capital",null,"Reserved to",null,"Requirement"]
[null,null,null,null,null,"Reserves",null,"Reserves",null,"Reserves",null,null,null,"Exposure",null,"Requirement",null,"Maximum"]
[]
[null,null,null,null,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,F31+H31-J31-L31)","v":0},{"$f":"IF(OR(ISBLANK(B31),ISBLANK(D31)),0%,OFFSET(Factors!$B$44,MATCH(D31,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N31*O31","v":0},null,0,null,{"$f":"MAX(0,P31-R31)","v":0}]
[null,null,null,null,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,F32+H32-J32-L32)","v":0},{"$f":"IF(OR(ISBLANK(B32),ISBLANK(D32)),0%,OFFSET(Factors!$B$44,MATCH(D32,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N32*O32","v":0},null,0,null,{"$f":"MAX(0,P32-R32)","v":0}]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B33),ISBLANK(D33)),0%,OFFSET(Factors!$B$44,MATCH(D33,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N33*O33","v":0},null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B34),ISBLANK(D34)),0%,OFFSET(Factors!$B$44,MATCH(D34,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N34*O34","v":0},null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B35),ISBLANK(D35)),0%,OFFSET(Factors!$B$44,MATCH(D35,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N35*O35","v":0},null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B36),ISBLANK(D36)),0%,OFFSET(Factors!$B$44,MATCH(D36,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B37),ISBLANK(D37)),0%,OFFSET(Factors!$B$44,MATCH(D37,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B38),ISBLANK(D38)),0%,OFFSET(Factors!$B$44,MATCH(D38,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B39),ISBLANK(D39)),0%,OFFSET(Factors!$B$44,MATCH(D39,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N39*O39","v":0},null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B40),ISBLANK(D40)),0%,OFFSET(Factors!$B$44,MATCH(D40,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B41),ISBLANK(D41)),0%,OFFSET(Factors!$B$44,MATCH(D41,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B42),ISBLANK(D42)),0%,OFFSET(Factors!$B$44,MATCH(D42,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B43),ISBLANK(D43)),0%,OFFSET(Factors!$B$44,MATCH(D43,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B44),ISBLANK(D44)),0%,OFFSET(Factors!$B$44,MATCH(D44,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B45),ISBLANK(D45)),0%,OFFSET(Factors!$B$44,MATCH(D45,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B46),ISBLANK(D46)),0%,OFFSET(Factors!$B$44,MATCH(D46,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B47),ISBLANK(D47)),0%,OFFSET(Factors!$B$44,MATCH(D47,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B48),ISBLANK(D48)),0%,OFFSET(Factors!$B$44,MATCH(D48,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B49),ISBLANK(D49)),0%,OFFSET(Factors!$B$44,MATCH(D49,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B50),ISBLANK(D50)),0%,OFFSET(Factors!$B$44,MATCH(D50,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B51),ISBLANK(D51)),0%,OFFSET(Factors!$B$44,MATCH(D51,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B52),ISBLANK(D52)),0%,OFFSET(Factors!$B$44,MATCH(D52,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B53),ISBLANK(D53)),0%,OFFSET(Factors!$B$44,MATCH(D53,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B54),ISBLANK(D54)),0%,OFFSET(Factors!$B$44,MATCH(D54,Factors!$B$44:$B$54,0)-1,7))","v":0},{"$f":"N54*O54","v":0},null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B55),ISBLANK(D55)),0%,OFFSET(Factors!$B$44,MATCH(D55,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B56),ISBLANK(D56)),0%,OFFSET(Factors!$B$44,MATCH(D56,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B57),ISBLANK(D57)),0%,OFFSET(Factors!$B$44,MATCH(D57,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B58),ISBLANK(D58)),0%,OFFSET(Factors!$B$44,MATCH(D58,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B59),ISBLANK(D59)),0%,OFFSET(Factors!$B$44,MATCH(D59,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[null,null,null,null,null,0,null,0,null,0,null,0,null,0,{"$f":"IF(OR(ISBLANK(B60),ISBLANK(D60)),0%,OFFSET(Factors!$B$44,MATCH(D60,Factors!$B$44:$B$54,0)-1,7))","v":0},0,null,0,null,0]
[]
[null,"Total",null,null,null,{"$f":"SUM(F31:F61)","v":0},null,{"$f":"SUM(H31:H61)","v":0},null,{"$f":"SUM(J31:J61)","v":0},null,{"$f":"SUM(L31:L61)","v":0},null,{"$f":"SUM(N31:N61)","v":0},null,{"$f":"SUM(P31:P61)","v":0},null,{"$f":"SUM(R31:R61)","v":0},null,{"$f":"SUM(T31:T61)","v":0}]
[]
[null,null,null,null,null,{"$f":"IF(F62='Balance Sheet GB'!H60,\"OK\",\"ERROR\")","v":"OK"},null,{"$f":"IF(H62='Balance Sheet GB'!H59,\"OK\",\"ERROR\")","v":"OK"},null,{"$f":"IF(J62='Balance Sheet GB'!H32+'Balance Sheet GB'!H33,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"<Enter Comments>"]
[]
[]
[null,"Lines of Business"]
[]
[null,"Each insurance policy (or part thereof) should be allocated to the line of business that best reflects the nature of the underlying risk, rather than the legal form of the policy.  Where it is not possible to split the policy, or where one or more risks within a single policy are not material, the policy should be allocated to the most significant line of business in terms of risk.\nDefinitions of the lines of business are included in Schedule 2 of the Rules.\n"]
[]
[null,"Gross Reserves"]
[]
[null,"Gross Claim Reserves"]
[]
[null,"The gross claim reserves for each line of business is the sum of the outstanding claims (OSC) reserve and the incurred but not reported (IBNR) reserve for that line of business.  The total gross claims reserves should equal the claims reserves included in the balance sheet on the regulatory basis."]
[]
[null,"Gross Premium Reserves"]
[]
[null,"The gross premium reserves for each line of business is the sum of the unearned premium reserve (UPR) and the unexpired risk reserve (URR) for that line of business.  The total gross premium reserves should equal the premium reserves included in the balance sheet on the regulatory basis."]
[]
[null,"General Guidance"]
[]
[null,"The gross claim reserves and gross premium reserves should exclude any explicit/implicit margins.  However, undertakings may retain any margins within gross reserves on the acceptance that the capital requirement will be higher than would otherwise be.  They should also be consistent with what is reflected in the balance sheet on the regulatory basis."]
[]
[null,"Reserved to Maximum"]
[]
[null,"For those lines of business reserved up to the maximum amount payable under the policy terms for that line of business, there can be no further adverse deterioration in those reserves. i.e. the residual reserve exposure should be nil.  The amount input as the reserved to maximum is the amount required to achieve this.\nAn example of the calculation is shown below."]
[]
[null,"Maximum aggregate exposure = £1,000,000"]
[null,"Gross claim reserves = £590,000"]
[null,"Gross premium reserves = £0"]
[null,"Reinsurance share of reserves = £100,000"]
[null,"Claims Paid = £510,000"]
[]
[]
[]
[]
[]
[]
[]
[null,"Almost Reserved to Maximum"]
[]
[null,"For those lines of business that are partially reserved up to the maximum amount payable under the policy terms for that line of business, the reserve risk capital amount should be limited to the maximum residual loss under the policy.  The amount input as the almost reserved to maximum is the amount required to achieve this.\nAn example of the calculation is shown below."]
[]
[null,"Maximum aggregate exposure = £1,000,000"]
[null,"Gross claim reserves = £590,000"]
[null,"Gross premium reserves = £0"]
[null,"Reinsurance share of reserves = £100,000"]
[null,"Claims Paid = £500,000"]
[]
[null,"If the capital factor for the particular LOB is 13%, the unrestricted capital requirement for this policy would be £63,700. However, as the maximum residual loss for this policy is only £10,000 (i.e. £1,000,000 – (£590,000 - £100,000 - £0 + £500,000)), the claims based solvency requirement for this policy should be capped at £10,000.  In order to achieve this, a figure of £53,700 should be entered into the 'Almost Reserved to Maximum' column.  This is reflected below."]

{"sheet":"Under'g Risk LTB","index":21,"n_rows":90,"n_cols":33,"rows_kept":90,"cut":false,"hidden":false,"merged":[[84,1,84,13],[83,1,83,13],[20,1,23,1],[61,1,61,13],[60,1,60,13],[20,7,20,11],[73,1,73,13],[69,1,69,14],[59,1,59,14],[63,1,63,14],[21,9,21,11],[55,1,55,14],[1,12,1,13],[56,1,56,13],[76,1,76,14],[80,1,80,14],[44,1,44,11],[48,1,48,14],[50,1,50,14]]}
["LONG TERM BUSINESS - UNDERWRITING RISK CAPITAL REQUIREMENT",null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"'Undertaking Information'!D17","v":"00:00:00"},null,null,null,null,null,null,null,null,null,null,null,{"$f":"'Undertaking Information'!D7","v":"00:00:00"}]
[]
[]
[null,"LTB UNDERWRITING RISK",null,null,null,"REQUIRED CAPITAL"]
[]
[null,"Mortality Risk",null,null,null,{"$f":"N26","v":0},null,null,null,null,null,null,null,null,null,null,null,"Corr/Risks",1,2,3,4,5,6]
[null,"Longevity Risk",null,null,null,{"$f":"N28","v":0},null,null,null,null,null,null,null,null,null,null,1,"Mortality",{"$f":"Factors!C99","v":1},{"$f":"Factors!D99","v":-0.25},{"$f":"Factors!E99","v":0.25},{"$f":"Factors!F99","v":0},{"$f":"Factors!G99","v":0.25},{"$f":"Factors!H99","v":0.25}]
[null,"Disability/Morbidity Risk",null,null,null,{"$f":"N30","v":0},null,null,null,null,null,null,null,null,null,null,2,"Longevity",{"$f":"Factors!C100","v":-0.25},{"$f":"Factors!D100","v":1},{"$f":"Factors!E100","v":0},{"$f":"Factors!F100","v":0.25},{"$f":"Factors!G100","v":0.25},{"$f":"Factors!H100","v":0}]
[null,"Lapse Risk",null,null,null,{"$f":"N36","v":0},null,null,null,null,null,null,null,null,null,null,3,"Disability/Morbidity",{"$f":"Factors!C101","v":0.25},{"$f":"Factors!D101","v":0},{"$f":"Factors!E101","v":1},{"$f":"Factors!F101","v":0},{"$f":"Factors!G101","v":0.5},{"$f":"Factors!H101","v":0.25}]
[null,"Expense Risk",null,null,null,{"$f":"N38","v":0},null,null,null,null,null,null,null,null,null,null,4,"Lapse",{"$f":"Factors!C102","v":0},{"$f":"Factors!D102","v":0.25},{"$f":"Factors!E102","v":0},{"$f":"Factors!F102","v":1},{"$f":"Factors!G102","v":0.5},{"$f":"Factors!H102","v":0.25}]
[null,"Catastrophe Risk",null,null,null,{"$f":"N44","v":0},null,null,null,null,null,null,null,null,null,null,5,"Expenses",{"$f":"Factors!C103","v":0.25},{"$f":"Factors!D103","v":0.25},{"$f":"Factors!E103","v":0.5},{"$f":"Factors!F103","v":0.5},{"$f":"Factors!G103","v":1},{"$f":"Factors!H103","v":0.25}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,6,"Catastrophe",{"$f":"Factors!C104","v":0.25},{"$f":"Factors!D104","v":0},{"$f":"Factors!E104","v":0.25},{"$f":"Factors!F104","v":0.25},{"$f":"Factors!G104","v":0.25},{"$f":"Factors!H104","v":1}]
[null,"Total Undiversified Capital",null,null,null,{"$f":"SUM(F7:F13)","v":0}]
[]
[null,"Diversification Adjustment",null,null,null,{"$f":"SQRT(MMULT(MMULT(TRANSPOSE(F7:F12),$S$8:$X$13),F7:F12))-F14","v":0}]
[]
[null,"Capital Requirement",null,null,null,{"$f":"F14+F16","v":0}]
[]
[null,null,null,"Info",null,"Info",null,"Info",null,"Info",null,"Info"]
[null,"Scenario Type",null,"Initial Absolute Values Before Shock",null,null,null,"Absolute Values After Shock",null,null,null,null,null,"Risk"]
[null,null,null,"Assets",null,"Liabilities",null,"Assets",null,"Liabilities",null,null,null,"Capital"]
[null,null,null,null,null,null,null,null,null,"Including Future",null,"Excluding Future"]
[null,null,null,null,null,null,null,null,null,"Mgt Action",null,"Mgt Action"]
[]
[null,"Mortality Risk",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D26-F26)-(H26-J26))","v":0}]
[]
[null,"Longevity Risk",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D28-F28)-(H28-J28))","v":0}]
[]
[null,"Disability/Morbidity Risk",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D30-F30)-(H30-J30))","v":0}]
[]
[null,"Lapse Risk"]
[null,"Risk of increase in lapse rates ",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D33-F33)-(H33-J33))","v":0}]
[null,"Risk of decrease in lapse rates",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D34-F34)-(H34-J34))","v":0}]
[null,"Risk of mass lapse",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D35-F35)-(H35-J35))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(N33:N35)","v":0}]
[]
[null,"Expense Risk",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D38-F38)-(H38-J38))","v":0}]
[]
[null,"Catastrophe Risk"]
[null,"Risk of life pandemic",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D41-F41)-(H41-J41))","v":0}]
[null,"Risk of health pandemic",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D42-F42)-(H42-J42))","v":0}]
[null,"Risk of mass accident",null,0,null,0,null,0,null,0,null,0,null,{"$f":"MAX(0,(D43-F43)-(H43-J43))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SQRT(SUMSQ(N41:N43))","v":0}]
[null,"<Enter Comments>"]
[]
["GUIDANCE",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(AA47=\"ERROR\",\"No currency risk arises if the Foreign Currency is equal to the Reporting Currency\",\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[null,"Only assets and liabilities to which the risk is applicable need be included in the values reported above.",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[null,"Where credit is taken for future management actions, these actions should be determined in accordance with the Rules."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
["SCENARIOS"]
[]
[null,"Mortality Risk"]
[null,"Mortality risk exists for assets and liabilities whose values are sensitive to increases in mortality rates which leads to an increase in liabilities."]
[null,{"$f":"\"An instantaneous \"&Factors!C269*100&\"% increase in mortality rates\"","v":"An instantaneous 15% increase in mortality rates"}]
[]
[null,"Longevity Risk"]
[null,"Longevity risk exists for assets and liabilities whose values are sensitive to decreases in mortality rates which leads to an increase in liabilities."]
[null,{"$f":"\"An instantaneous \"&Factors!D269*100&\"% decrease in mortality rates\"","v":"An instantaneous 20% decrease in mortality rates"}]
[]
[null,"Disability/Morbidity Risk"]
[null,"Disability/morbidity risk exists for assets and liabilities whose values are sensitive to an increase in disability/morbidity inception rates and decrease in disability/morbidity recovery rates which leads to an increase in liabilities."]
[null,"The combined impact of:"]
[null,{"$f":"\"(a) an instantaneous \"&Factors!E269*100&\"% increase in disability and morbidity; and\"","v":"(a) an instantaneous 25% increase in disability and morbidity; and"}]
[null,{"$f":"\"(b) an instantaneous \"&Factors!F269*100&\"% decrease in the disability/morbidity recovery rates\"","v":"(b) an instantaneous 20% decrease in the disability/morbidity recovery rates"}]
[]
[null,"Lapse Risk"]
[null,"Lapse risk exists for assets and liabilities whose values are sensitive to increases in lapse rates which leads to an increase in liabilities."]
[null,"The higher of:"]
[null,{"$f":"\"(a) a \"&Factors!H269*100&\"% increase in lapse rates (subject to a maximum shocked lapse rate of 100%);\"","v":"(a) a 50% increase in lapse rates (subject to a maximum shocked lapse rate of 100%);"}]
[null,{"$f":"\"(b) a \"&Factors!I269*100&\"% decrease in lapse rates (subject to a maximum change in lapse rate of 20% in absolute terms); and\"","v":"(b) a 50% decrease in lapse rates (subject to a maximum change in lapse rate of 20% in absolute terms); and"}]
[null,{"$f":"\"(c) a \"&Factors!J269*100&\"% discontinuance of existing and new (re)insurance policies that will be written in the future for which discontinuance would result in an increase of technical provisions (excluding the risk margin).\"","v":"(c) a 40% discontinuance of existing and new (re)insurance policies that will be written in the future for which discontinuance would result in an increase of technical provisions (excluding the risk margin)."}]
[]
[null,"Expense Risk"]
[null,"Expense risk exists for assets and liabilities whose values are sensitive to increases in expense costs which leads to an increase in liabilities."]
[null,{"$f":"\"An instantaneous \"&Factors!G269*100&\"% increase in the amount of expenes\"","v":"An instantaneous 10% increase in the amount of expenes"}]
[]
[null,"Catastrophe Risk"]
[null,"Catastrophe risk exists for assets and liabilities whose values are sensitive to extreme or irregular events that are not captured by the other underwriting risks and which lead to an increase in liabilities."]
[null,"The square root of the sum of the squared capital requirements for the following three scenarios:"]
[null,{"$f":"\"(a) Life pandemic risk: an absolute increase of \"&Factors!C279&\" deaths per 1,000 during the next 12 months\"","v":"(a) Life pandemic risk: an absolute increase of 1.5 deaths per 1,000 during the next 12 months"}]
[null,{"$f":"\"(b) Health pandemic risk: an absolute increase of \"&Factors!D279&\" disability/morbidity claims per 100,000 insured lives during the next 12 months.  Claimants do not recover.\"","v":"(b) Health pandemic risk: an absolute increase of 7.5 disability/morbidity claims per 100,000 insured lives during the next 12 months.  Claimants do not recover."}]
[null,"(c) Mass accident risk: the combined impact of:"]
[null,{"$f":"\"(i) an absolute increase of \"&Factors!E279&\" accidental deaths per 100,000 insured lives during the next 12 months\"","v":"(i) an absolute increase of 25 accidental deaths per 100,000 insured lives during the next 12 months"}]
[null,{"$f":"\"(ii) an absolute increase of \"&Factors!F279&\" permanent total disability claims per 100,000 insured during the next 12 months\"","v":"(ii) an absolute increase of 3.75 permanent total disability claims per 100,000 insured during the next 12 months"}]
[null,{"$f":"\"(iii) an absolute increase of \"&Factors!G279&\" long term disability claims per 100,000 insured lives during the next 12 months\"","v":"(iii) an absolute increase of 12.5 long term disability claims per 100,000 insured lives during the next 12 months"}]
[null,{"$f":"\"(iv) an absolute increase of \"&Factors!H279&\" short term disability claims per 100,000 insured lives during the next 12 months\"","v":"(iv) an absolute increase of 33.75 short term disability claims per 100,000 insured lives during the next 12 months"}]
[null,{"$f":"\"(v) an absolute increase of \"&Factors!I279&\" medical/injury claims per 100,000 insured lives during the next 12 months\"","v":"(v) an absolute increase of 75 medical/injury claims per 100,000 insured lives during the next 12 months"}]

{"sheet":"Factors","index":22,"n_rows":357,"n_cols":33,"rows_kept":357,"cut":false,"hidden":false,"merged":[[219,20,219,23],[250,7,250,8],[250,4,250,6],[219,8,219,11],[219,2,219,5],[219,14,219,17],[272,4,272,8],[232,2,232,4],[241,2,241,4],[263,4,263,5],[263,7,263,9],[187,8,187,9],[187,2,187,3],[187,6,187,7],[187,4,187,5],[86,9,86,10],[87,9,87,10],[88,9,88,10],[83,9,83,10],[89,9,89,10],[19,2,19,3],[161,2,161,3],[41,2,41,3],[41,4,41,5],[41,8,41,9],[41,6,41,7],[84,9,84,10]]}
["REGULATORY SOLVENCY ASSESSMENT"]
["Capital Factors"]
[]
[null,"Business Type:",{"$f":"VLOOKUP('Undertaking Information'!D25,'For GFSC Portal Use Only'!H20:J27,3,FALSE)","v":"Commercial Life Insurer"}]
[null,"Reporting Currency:",{"$f":"'Undertaking Information'!D11","v":"GBP"}]
[null,"Rate of Exchange:",{"$f":"'Undertaking Information'!D13","v":1}]
[null,"Protected Cell Company:",{"$f":"'Undertaking Information'!D19","v":0}]
[]
["Regulatory Confidence Level"]
[null,null,"PCR"]
[null,"Captive General (Re)insurer",0.9]
[null,"Captive Life (Re)insurer",0.9]
[null,"Commercial General Insurer",0.995]
[null,"Commercial Life Insurer",0.995]
[null,"Commercial General Reinsurer",0.97499999999999998]
[null,"Commercial Life Reinsurer",0.97499999999999998]
[null,"Selected",{"$f":"INDEX(C11:C16,MATCH($C$4,B11:B16,0),1)","v":0.995}]
[]
["Minimum Captial Requirement"]
[null,null,"MCR Factors"]
[null,null,"Premium","Reserves"]
[null,{"$f":"B11","v":"Captive General (Re)insurer"},0.12,0.12]
[null,"Captive Life (Re)insurer","n/a",2.5000000000000001E-2]
[null,"Commercial General Insurer",0.12,0.12]
[null,"Commercial Life Insurer","n/a",2.5000000000000001E-2]
[null,"Commercial General Reinsurer",0.12,0.12]
[null,"Commercial Life Reinsurer","n/a",2.5000000000000001E-2]
[null,"Selected",{"$f":"IFERROR(INDEX(C22:C27,MATCH($C$4,B22:B27,0),1),0)","v":"n/a"},{"$f":"IFERROR(INDEX(D22:D27,MATCH($C$4,B22:B27,0),1),)","v":2.5000000000000001E-2}]
[]
["Absolute Minimum Captial Requirement"]
[null,null,"GBP","Reporting CCY"]
[null,"Captive General (Re)insurer",100000,{"$f":"C32*$C$6","v":100000}]
[null,"Commercial General Insurer",100000,100000]
[null,"Commercial General Reinsurer",100000,100000]
[null,"Commercial Life Insurer",250000,250000]
[null,"Commercial Life Reinsurer",250000,250000]
[null,"PCC Cell/Core",0,0]
[null,"Selected",{"$f":"IFERROR(IF($C$7=\"Yes\",C37,INDEX(C32:C36,MATCH($C$4,B32:B36,0),1)),0)","v":250000},250000]
[]
["Reserve Risk & Premium Risk Factors"]
[]
[null,null,{"$f":"B11","v":"Captive General (Re)insurer"},null,{"$f":"B13","v":"Commercial General Insurer"},null,{"$f":"B15","v":"Commercial General Reinsurer"},null,"Selected"]
[null,null,"Reserve Factor","Premium Factor","Reserve \nFactor","Premium Factor","Reserve \nFactor","Premium Factor","Reserve Factor","Premium Factor"]
[null,"Motor",0.11700000000000001,0.13,0.255,0.28599999999999998,0.187,0.20899999999999999,{"$f":"IF($C$4=$C$42,C44,IF($C$4=$E$42,E44,G44))","v":0.187},{"$f":"IF($C$4=$C$42,D44,IF($C$4=$E$42,F44,H44))","v":0.20899999999999999}]
[null,"General Liability",0.14399999999999999,0.183,0.318,0.41699999999999998,0.23200000000000001,0.30099999999999999,0.23200000000000001,0.30099999999999999]
[null,"Casualty Non-Proportional",0.26300000000000001,0.223,0.63300000000000001,0.52200000000000002,0.44500000000000001,0.372,0.44500000000000001,0.372]
[null,"Marine, Aviation and Transport (MAT)",0.14399999999999999,0.19700000000000001,0.318,0.45200000000000001,0.23200000000000001,0.32400000000000001,0.23200000000000001,0.32400000000000001]
[null,"MAT Non-Proportional",0.26300000000000001,0.223,0.63300000000000001,0.52200000000000002,0.44500000000000001,0.372,0.44500000000000001,0.372]
[null,"Property",0.13,0.104,0.28599999999999998,0.224,0.20899999999999999,0.16500000000000001,0.20899999999999999,0.16500000000000001]
[null,"Property Non-Proportional",0.26300000000000001,0.223,0.63300000000000001,0.52200000000000002,0.44500000000000001,0.372,0.44500000000000001,0.372]
[null,"Legal Expenses",0.157,9.0999999999999998E-2,0.35099999999999998,0.19400000000000001,0.255,0.14399999999999999,0.255,0.14399999999999999]
[null,"Miscellaneous",0.221,0.13100000000000001,0.51600000000000001,0.28899999999999998,0.36799999999999999,0.21099999999999999,0.36799999999999999,0.21099999999999999]
[null,"Health",0.121,9.1999999999999998E-2,0.26500000000000001,0.19700000000000001,0.19500000000000001,0.14599999999999999,0.19500000000000001,0.14599999999999999]
[null,"Health Non-Proportional",0.26300000000000001,0.223,0.63300000000000001,0.52200000000000002,0.44500000000000001,0.372,0.44500000000000001,0.372]
[]
["Correlations"]
[]
[null,"PCR Correlations - Selected General Business",null,null,null,null,null,"Captive (Re)insurer",null,null,null,null,null,"Commercial General (Re)insurer"]
[]
[null,"Corr/Risks",1,2,3,4,null,"Corr/Risks",1,2,3,4,null,"Corr/Risks",1,2,3,4]
[1,"Market",{"$f":"IF($C$4=$C$42,I61,O61)","v":1},{"$f":"IF($C$4=$C$42,J61,P61)","v":0.25},{"$f":"IF($C$4=$C$42,K61,Q61)","v":0.25},{"$f":"IF($C$4=$C$42,L61,R61)","v":0.25},null,"Market",1,0,0,0,null,"Market",1,0.25,0.25,0.25]
[2,"Counterparty",{"$f":"IF($C$4=$C$42,I62,O62)","v":0.25},1,{"$f":"IF($C$4=$C$42,K62,Q62)","v":0.5},{"$f":"IF($C$4=$C$42,L62,R62)","v":0.5},null,"Counterparty",0,1,0.25,0.25,null,"Counterparty",0.25,1,0.5,0.5]
[3,"Premium",0.25,0.5,1,{"$f":"IF($C$4=$C$42,L63,R63)","v":0.5},null,"Premium",0,0.25,1,0.25,null,"Premium",0.25,0.5,1,0.5]
[4,"Reserve",0.25,0.5,0.5,1,null,"Reserve",0,0.25,0.25,1,null,"Reserve",0.25,0.5,0.5,1]
[]
[null,"PCR Correlations - Selected Life (Re)insurers",null,null,null,null,null,"PCR Correlations - Captive Life (Re)insurers",null,null,null,null,null,"PCR Correlations - Commercial Life (Re)insurers"]
[]
[null,"Corr/Risks",1,2,3,null,null,"Corr/Risks",1,2,3,null,null,"Corr/Risks",1,2,3]
[1,"Market",{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),O69,I69)","v":1},{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),P69,J69)","v":0.25},0.25,null,1,"Market",{"$f":"IF(O69=1,O69,MAX(O69-0.25,0))","v":1},{"$f":"IF(P69=1,P69,MAX(P69-0.25,0))","v":0},0,null,1,"Market",1,0.25,0.25]
[2,"Counterparty",{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),O70,I70)","v":0.25},1,0.25,null,2,"Counterparty",{"$f":"IF(O70=1,O70,MAX(O70-0.25,0))","v":0},1,0,null,2,"Counterparty",0.25,1,0.25]
[3,"Underwriting Risk",{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),O71,I71)","v":0.25},0.25,1,null,3,"Underwriting Risk",{"$f":"IF(O71=1,O71,MAX(O71-0.25,0))","v":0},0,1,null,3,"Underwriting Risk",0.25,0.25,1]
[]
[]
[null,"Market Risk Correlations - Selected General Business",null,null,null,null,null,"Captive General (Re)insurer",null,null,null,null,null,"Commercial General (Re)insurer"]
[]
[null,"CorrLob",1,2,3,4,null,"CorrLob",1,2,3,4,null,"CorrLob",1,2,3,4]
[1,"Interest Rate Risk",{"$f":"IF($C$4=$C$42,I77,O77)","v":1},{"$f":"IF($C$4=$C$42,J77,P77)","v":0},0.25,0,null,"Interest Rate Risk",1,0,0,0,null,"Interest Rate Risk",1,0,0.25,0]
[2,"Spread Risk",0,1,0.25,0.75,null,"Spread Risk",0,1,0,0.5,null,"Spread Risk",0,1,0.25,0.75]
[3,"Currency Risk",0.25,0.25,1,0.25,null,"Currency Risk",0,0,1,0,null,"Currency Risk",0.25,0.25,1,0.25]
[4,"Other Risks",0,0.75,0.25,1,null,"Other Risks",0,0.5,0,1,null,"Other Risks",0,0.75,0.25,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Template (To Hide?)"]
[null,"Market Risk Correlations - Selected Life (Re)insurers",null,null,null,null,null,null,null,"Captive Life (Re)insurers",null,null,null,null,null,null,null,null,"Commercial Life (Re)insurers",null,null,null,null,null,null,null,"Market Risk Correlations - Life (Re)insurers"]
[]
[null,"CorrLob",1,2,3,4,5,6,null,"CorrLob",null,1,2,3,4,5,6,null,"CorrLob",1,2,3,4,5,6,null,"CorrLob",1,2,3,4,5,6]
[1,"Real Interest Rate Risk",{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),T85,L85)","v":1},{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),U85,M85)","v":0.25},0.25,0.25,0.25,0.25,1,"Real Interest Rate Risk",null,{"$f":"IF(T85=1,T85,MAX(T85-0.25,0))","v":1},{"$f":"IF(U85=1,U85,MAX(U85-0.25,0))","v":0},0,0,0,0,1,"Real Interest Rate Risk",{"$f":"IF(AB85=\"A\",$T$95,IF(AB85=\"B\",$U$95,AB85))","v":1},{"$f":"IF(AC85=\"A\",$T$95,IF(AC85=\"B\",$U$95,AC85))","v":0.25},0.25,0.25,0.25,0.25,null,"Real Interest Rate Risk",1,"A","A",0.25,"A","A"]
[2,"Expected Inflation Risk",0.25,1,0.25,0.25,0.5,0.5,2,null,"Expected Inflation Risk",0,1,0,0,0.25,0.25,2,"Expected Inflation Risk",0.25,1,0.25,0.25,0.5,0.5,null,"Expected Inflation Risk","A",1,"A",0.25,"B","B"]
[3,"Spread Risk",0.25,0.25,1,0.25,0.75,0.5,3,"Spread Risk",null,0,0,1,0,0.5,0.25,3,"Spread Risk",0.25,0.25,1,0.25,0.75,0.5,null,"Spread Risk","A","A",1,0.25,0.75,0.5]
[4,"Currency Risk",0.25,0.25,0.25,1,0.25,0.25,4,"Currency Risk",null,0,0,0,1,0,0,4,"Currency Risk",0.25,0.25,0.25,1,0.25,0.25,null,"Currency Risk",0.25,0.25,0.25,1,0.25,0.25]
[5,"Equity Risk",0.25,0.5,0.75,0.25,1,0.75,5,"Equity Risk",null,0,0.25,0.5,0,1,0.5,5,"Equity Risk",0.25,0.5,0.75,0.25,1,0.75,null,"Equity Risk","A","B",0.75,0.25,1,0.75]
[6,"Property Risk",0.25,0.5,0.5,0.25,0.75,1,6,"Property Risk",null,0,0.25,0.25,0,0.5,1,6,"Property Risk",0.25,0.5,0.5,0.25,0.75,1,null,"Property Risk","A","B",0.5,0.25,0.75,1]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"A","B"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Upward stress dominates",0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Downward stress dominates",0.25,0.5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Selected",{"$f":"IF('Market Risk LTB'!$O$28>'Market Risk LTB'!$O$29,Factors!T93,Factors!T94)","v":0.25},{"$f":"IF('Market Risk LTB'!$O$28>'Market Risk LTB'!$O$29,Factors!U93,Factors!U94)","v":0.5}]
[null,"Underwriting Risk Correlations - Selected Life (Re)Insurers",null,null,null,null,null,null,null,null,"Captive Life (Re)insurers",null,null,null,null,null,null,null,"Underwriting Risk Correlations - Selected Life (Re)Insurers"]
[]
[null,"Corr/Risks",1,2,3,4,5,6,null,null,"Corr/Risks",1,2,3,4,5,6,null,"Corr/Risks",1,2,3,4,5,6]
[1,"Mortality",{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),T99,L99)","v":1},{"$f":"IF(OR($C$4=$B$14,$C$4=$B$16),U99,M99)","v":-0.25},0.25,0,0.25,0.25,null,1,"Mortality",{"$f":"IF(T99=1,T99,IF(T99<0,T99-0.25,MAX(T99-0.25,0)))","v":1},{"$f":"IF(U99=1,U99,IF(U99<0,U99-0.25,MAX(U99-0.25,0)))","v":-0.5},0,0,0,0,1,"Mortality",1,-0.25,0.25,0,0.25,0.25]
[2,"Longevity",-0.25,1,0,0.25,0.25,0,null,2,"Longevity",-0.5,1,0,0,0,0,2,"Longevity",-0.25,1,0,0.25,0.25,0]
[3,"Disability/Morbidity",0.25,0,1,0,0.5,0.25,null,3,"Disability/Morbidity",0,0,1,0,0.25,0,3,"Disability/Morbidity",0.25,0,1,0,0.5,0.25]
[4,"Lapse",0,0.25,0,1,0.5,0.25,null,4,"Lapse",0,0,0,1,0.25,0,4,"Lapse",0,0.25,0,1,0.5,0.25]
[5,"Expenses",0.25,0.25,0.5,0.5,1,0.25,null,5,"Expenses",0,0,0.25,0.25,1,0,5,"Expenses",0.25,0.25,0.5,0.5,1,0.25]
[6,"Catastrophe",0.25,0,0.25,0.25,0.25,1,null,6,"Catastrophe",0,0,0,0,0,1,6,"Catastrophe",0.25,0,0.25,0.25,0.25,1]
[]
[null,"LT Catastrophe Risk Correlations"]
[]
[null,"CorrLob",1,2,3]
[1,"Pandemic Risk - Life",1,0,0]
[2,"Pandemic Risk - Health",0,1,0]
[3,"Mass Accident Risk",0,0,1]
[]
[null,"Premium Risk & Reserve Risk Correlations - Commercial General (Re)insurer"]
[]
[null,"CorrLob",1,2,3,4,5,6,7,8,9,10,11]
[1,"General Liability",1,0.5,0.25,0.5,0.25,0.25,0.25,0.5,0.5,0,0]
[2,"Legal expenses",0.5,1,0.5,0.25,0.25,0.25,0.25,0.5,0.5,0,0]
[3,"Marine, aviation and transport (MAT)",0.25,0.5,1,0.25,0.25,0.25,0.25,0.5,0.25,0,0]
[4,"Motor",0.5,0.25,0.25,1,0.5,0.25,0.25,0.25,0.5,0,0]
[5,"Property",0.25,0.25,0.25,0.5,1,0.5,0.25,0.25,0.5,0,0]
[6,"Miscellaneous",0.25,0.25,0.25,0.25,0.5,1,0.5,0.25,0.5,0,0]
[7,"Casualty (Non-prop reins)",0.25,0.25,0.25,0.25,0.25,0.5,1,0.25,0.25,0,0]
[8,"MAT (Non-prop reins)",0.5,0.5,0.5,0.25,0.25,0.25,0.25,1,0.5,0,0]
[9,"Property (Non-prop reins)",0.5,0.5,0.25,0.5,0.5,0.5,0.25,0.5,1,0,0]
[10,"Health",0,0,0,0,0,0,0,0,0,1,0.5]
[11,"Health (Non-prop reins)",0,0,0,0,0,0,0,0,0,0.5,1]
[]
[null,"Premium Risk & Reserve Risk Correlations - Captive (Re)insurer"]
[]
[null,"CorrLob",1,2,3,4,5,6,7,8,9,10,11]
[1,"General Liability",1,0.25,0,0.25,0,0,0,0.25,0.25,0,0]
[2,"Legal expenses",0.25,1,0.25,0,0,0,0,0.25,0.25,0,0]
[3,"Marine, aviation and transport (MAT)",0,0.25,1,0,0,0,0,0.25,0,0,0]
[4,"Motor",0.25,0,0,1,0.25,0,0,0,0.25,0,0]
[5,"Property",0,0,0,0.25,1,0.25,0,0,0.25,0,0]
[6,"Miscellaneous",0,0,0,0,0.25,1,0.25,0,0.25,0,0]
[7,"Casualty (Non-prop reins)",0,0,0,0,0,0.25,1,0,0,0,0]
[8,"MAT (Non-prop reins)",0.25,0.25,0.25,0,0,0,0,1,0.25,0,0]
[9,"Property (Non-prop reins)",0.25,0.25,0,0.25,0.25,0.25,0,0.25,1,0,0]
[10,"Health",0,0,0,0,0,0,0,0,0,1,0.25]
[11,"Health (Non-prop reins)",0,0,0,0,0,0,0,0,0,0.25,1]
[]
[null,"Premium Risk & Reserve Risk Correlations - Selected General Business"]
[]
[null,"CorrLob",1,2,3,4,5,6,7,8,9,10,11]
[1,"General Liability",{"$f":"IF($C$4=$C$42,C131,C116)","v":1},0.5,0.25,0.5,0.25,0.25,0.25,0.5,0.5,0,0]
[2,"Legal expenses",{"$f":"IF($C$4=$C$42,C132,C117)","v":0.5},1,0.5,0.25,0.25,0.25,0.25,0.5,0.5,0,0]
[3,"Marine, aviation and transport (MAT)",{"$f":"IF($C$4=$C$42,C133,C118)","v":0.25},0.5,1,0.25,0.25,0.25,0.25,0.5,0.25,0,0]
[4,"Motor",{"$f":"IF($C$4=$C$42,C134,C119)","v":0.5},0.25,0.25,1,0.5,0.25,0.25,0.25,0.5,0,0]
[5,"Property",{"$f":"IF($C$4=$C$42,C135,C120)","v":0.25},{"$f":"IF($C$4=$C$42,D135,D120)","v":0.25},{"$f":"IF($C$4=$C$42,E135,E120)","v":0.25},{"$f":"IF($C$4=$C$42,F135,F120)","v":0.5},{"$f":"IF($C$4=$C$42,G135,G120)","v":1},{"$f":"IF($C$4=$C$42,H135,H120)","v":0.5},0.25,0.25,0.5,0,0]
[6,"Miscellaneous",{"$f":"IF($C$4=$C$42,C136,C121)","v":0.25},0.25,0.25,0.25,0.5,1,{"$f":"IF($C$4=$C$42,I136,I121)","v":0.5},{"$f":"IF($C$4=$C$42,J136,J121)","v":0.25},{"$f":"IF($C$4=$C$42,K136,K121)","v":0.5},{"$f":"IF($C$4=$C$42,L136,L121)","v":0},{"$f":"IF($C$4=$C$42,M136,M121)","v":0}]
[7,"Casualty (Non-prop reins)",{"$f":"IF($C$4=$C$42,C137,C122)","v":0.25},0.25,0.25,0.25,0.25,0.5,1,{"$f":"IF($C$4=$C$42,J137,J122)","v":0.25},{"$f":"IF($C$4=$C$42,K137,K122)","v":0.25},{"$f":"IF($C$4=$C$42,L137,L122)","v":0},{"$f":"IF($C$4=$C$42,M137,M122)","v":0}]
[8,"MAT (Non-prop reins)",{"$f":"IF($C$4=$C$42,C138,C123)","v":0.5},0.5,0.5,0.25,0.25,0.25,0.25,1,{"$f":"IF($C$4=$C$42,K138,K123)","v":0.5},{"$f":"IF($C$4=$C$42,L138,L123)","v":0},{"$f":"IF($C$4=$C$42,M138,M123)","v":0}]
[9,"Property (Non-prop reins)",{"$f":"IF($C$4=$C$42,C139,C124)","v":0.5},0.5,0.25,0.5,0.5,0.5,0.25,0.5,1,{"$f":"IF($C$4=$C$42,L139,L124)","v":0},{"$f":"IF($C$4=$C$42,M139,M124)","v":0}]
[10,"Health",{"$f":"IF($C$4=$C$42,C140,C125)","v":0},0,0,0,0,0,0,0,0,1,{"$f":"IF($C$4=$C$42,M140,M125)","v":0.5}]
[11,"Health (Non-prop reins)",{"$f":"IF($C$4=$C$42,C141,C126)","v":0},0,0,0,0,0,0,0,0,0.5,1]
[]
["Counterparty Default Risk Factors"]
[]
[null,"Receivables Factor"]
[]
[null,null,"Days Overdue"]
[null,null,"0 to 90\n days","Over 90 days"]
[null,{"$f":"B11","v":"Captive General (Re)insurer"},0,1]
[null,"Captive Life (Re)insurer",0,1]
[null,"Commercial General Insurer",0,1]
[null,"Commercial Life Insurer",0,1]
[null,"Commercial General Reinsurer",0,1]
[null,"Commercial Life Reinsurer",0,1]
[null,"Selected",{"$f":"IFERROR(INDEX(C164:C169,MATCH($C$4,B164:B169,0),1),0)","v":0},{"$f":"IFERROR(INDEX(D164:D169,MATCH($C$4,B164:B169,0),1),0)","v":1}]
[]
[]
[null,"Counterparty Factor"]
[null,null,{"$f":"TRANSPOSE(B11:B16)","v":"Captive General (Re)insurer"},"Captive Life (Re)insurer","Commercial General Insurer","Commercial Life Insurer","Commercial General Reinsurer","Commercial Life Reinsurer","Selected",null,null,null,"Recovery Rate"]
[null,"AAA",0,0,1.2999999999999999E-2,1.2999999999999999E-2,0.01,0.01,{"$f":"IFERROR(INDEX(C175:H175,1,MATCH($C$4,$C$174:$H$174,0)),0)","v":1.2999999999999999E-2},null,null,"Reinsurance share of reserves",0.5]
[null,"AA",0.01,0.01,0.03,0.03,2.1999999999999999E-2,2.1999999999999999E-2,0.03,null,null,"Loans",0]
[null,"A",0.03,0.03,6.7000000000000004E-2,6.7000000000000004E-2,4.9000000000000002E-2,4.9000000000000002E-2,6.7000000000000004E-2,null,null,"Cash and cash equivalents",0]
[null,"BBB",0.06,0.06,0.14699999999999999,0.14699999999999999,0.107,0.107,0.14699999999999999,null,null,"Other on-balance sheet assets",0]
[null,"BB",0.24,0.24,0.54400000000000004,0.54400000000000004,0.39800000000000002,0.39800000000000002,0.54400000000000004,null,null,"Off-balance sheet available assets",0]
[null,"B or Lower",0.45,0.45,1,1,0.73099999999999998,0.73099999999999998,1]
[null,"Unrated",0.45,0.45,1,1,0.73099999999999998,0.73099999999999998,1]
[]
[]
["Market Risk Factors"]
[]
[null,"Real Interest Rate Factors - Life Business"]
[]
[null,null,{"$f":"B12","v":"Captive Life (Re)insurer"},null,{"$f":"B14","v":"Commercial Life Insurer"},null,{"$f":"B16","v":"Commercial Life Reinsurer"},null,"Selected"]
[null,"Maturity t (years)","Up stress","Down stress","Up stress","Down stress","Up stress","Down stress","Up stress","Down stress"]
[null,"≤1",0.36,-0.36,0.7,-0.75,0.55000000000000004,-0.68,{"$f":"IF($C$4=$C$188,C190,IF($C$4=$E$188,E190,IF($C$4=$G$188,G190,\"n/a\")))","v":0.7},{"$f":"IF($C$4=$C$188,D190,IF($C$4=$E$188,F190,IF($C$4=$G$188,H190,\"n/a\")))","v":-0.75}]
[null,2,0.3,-0.38,0.7,-0.65,0.55000000000000004,-0.59,0.7,-0.65]
[null,3,0.26,-0.36,0.64,-0.56000000000000005,0.49,-0.47,0.64,-0.56000000000000005]
[null,4,0.22,-0.33,0.59,-0.5,0.42,-0.41,0.59,-0.5]
[null,5,0.21,-0.31,0.55000000000000004,-0.46,0.39,-0.37,0.55000000000000004,-0.46]
[null,6,0.2,-0.28000000000000003,0.52,-0.42,0.37,-0.33,0.52,-0.42]
[null,7,0.19,-0.25,0.49,-0.39,0.34,-0.3,0.49,-0.39]
[null,8,0.19,-0.23,0.47,-0.36,0.33,-0.28000000000000003,0.47,-0.36]
[null,9,0.18,-0.21,0.44,-0.33,0.31,-0.25,0.44,-0.33]
[null,10,0.17,-0.2,0.42,-0.31,0.3,-0.23,0.42,-0.31]
[null,11,0.16,-0.2,0.39,-0.3,0.28999999999999998,-0.22,0.39,-0.3]
[null,12,0.15,-0.19,0.37,-0.28999999999999998,0.28000000000000003,-0.22,0.37,-0.28999999999999998]
[null,13,0.15,-0.19,0.35,-0.28000000000000003,0.26,-0.22,0.35,-0.28000000000000003]
[null,14,0.14000000000000001,-0.19,0.34,-0.28000000000000003,0.25,-0.22,0.34,-0.28000000000000003]
[null,15,0.14000000000000001,-0.18,0.33,-0.27,0.24,-0.21,0.33,-0.27]
[null,16,0.13,-0.19,0.31,-0.28000000000000003,0.22,-0.23,0.31,-0.28000000000000003]
[null,17,0.12,-0.19,0.3,-0.28000000000000003,0.22,-0.23,0.3,-0.28000000000000003]
[null,18,0.12,-0.19,0.28999999999999998,-0.28000000000000003,0.21,-0.23,0.28999999999999998,-0.28000000000000003]
[null,19,0.11,-0.2,0.27,-0.28999999999999998,0.2,-0.24,0.27,-0.28999999999999998]
[null,"≥20",0.11,-0.2,0.26,-0.28999999999999998,0.19,-0.25,0.26,-0.28999999999999998]
[]
[null,"Expected Inflation Factor - Life Business"]
[]
[null,null,"Inflation"]
[null,{"$f":"B12","v":"Captive Life (Re)insurer"},5.0000000000000001E-3]
[null,{"$f":"B14","v":"Commercial Life Insurer"},0.01]
[null,{"$f":"B16","v":"Commercial Life Reinsurer"},7.4999999999999997E-3]
[null,"Selected",{"$f":"IF($C$4=$B214,C214,IF($C$4=$B215,C215,IF($C$4=$B216,C216,\"n/a\")))","v":0.01}]
[]
[null,"Spread Stress Factors - Life Business"]
[null,null,"Selected",null,null,null,null,null,{"$f":"B12","v":"Captive Life (Re)insurer"},null,null,null,null,null,{"$f":"B14","v":"Commercial Life Insurer"},null,null,null,null,null,{"$f":"B16","v":"Commercial Life Reinsurer"}]
[null,null,"Default","Bond Spreads (%)","Structured / Securitised Spread (%)","Re-securitised Spread (%)",null,null,"Default","Bond Spreads (%)","Structured / Securitised Spread (%)","Re-securitised Spread (%)",null,null,"Default","Bond Spreads (%)","Structured / Securitised Spread (%)","Re-securitised Spread (%)",null,null,"Default","Bond Spreads (%)","Structured / Securitised Spread (%)","Re-securitised Spread (%)"]
[null,"Government",{"$f":"IF($C$4=$I$220,I222,IF($C$4=$O$220,O222,IF($C$4=$U$220,U222,\"n/a\")))","v":0},0,0,0,null,{"$f":"B222","v":"Government"},0,0,0,0,null,{"$f":"B222","v":"Government"},0,0,0,0,null,{"$f":"B222","v":"Government"},0,0,0,0]
[null,"AAA",0.2,0.6,1,1.8,null,{"$f":"B223","v":"AAA"},0.1,0.3,0.5,0.9,null,{"$f":"B223","v":"AAA"},0.2,0.6,1,1.8,null,{"$f":"B223","v":"AAA"},0.2,0.5,0.8,1.4]
[null,"AA",0.6,0.8,1.4,2.4,null,"AA",0.3,0.4,0.7,1.2,null,"AA",0.6,0.8,1.4,2.4,null,"AA",0.5,0.6,1.1000000000000001,1.8]
[null,"A",1.2,1.2,2,3.2,null,"A",0.6,0.6,1,1.6,null,"A",1.2,1.2,2,3.2,null,"A",0.9,0.9,1.5,2.4]
[null,"BBB",3,1.6,2.5,4,null,"BBB",1.5,0.8,1.2,2,null,"BBB",3,1.6,2.5,4,null,"BBB",2.2999999999999998,1.2,1.9,3]
[null,"BB",6,2,3,5,null,"BB",3,1,1.5,2.5,null,"BB",6,2,3,5,null,"BB",4.5999999999999996,1.5,2.2999999999999998,3.8]
[null,"B",10,2.5,3.5,6,null,"B",5,1.2,1.7,3,null,"B",10,2.5,3.5,6,null,"B",7.6,1.9,2.7,4.5999999999999996]
[null,"Less than B, Unrated",16,3,4.5,7.5,null,"Less than B, Unrated",8,1.5,2.2000000000000002,3.7,null,"Less than B, Unrated",16,3,4.5,7.5,null,"Less than B, Unrated",12.2,2.2999999999999998,3.4,5.7]
[]
[null,"Interest Rate Factor - General Business"]
[]
[null,null,"Average Duration of Exposure"]
[null,null,"< 2 yrs","2 to < 5 yrs",">= 5 yrs"]
[null,{"$f":"B11","v":"Captive General (Re)insurer"},0,1.4E-2,4.3999999999999997E-2]
[null,{"$f":"B13","v":"Commercial General Insurer"},3.0000000000000001E-3,2.5999999999999999E-2,8.5000000000000006E-2]
[null,{"$f":"B15","v":"Commercial General Reinsurer"},3.0000000000000001E-3,1.7999999999999999E-2,0.06]
[null,"Selected",{"$f":"IFERROR(INDEX(C235:C237,MATCH($C$4,$B235:$B237,0),1),0)","v":0},{"$f":"IFERROR(INDEX(D235:D237,MATCH($C$4,$B235:$B237,0),1),0)","v":0},{"$f":"IFERROR(INDEX(E235:E237,MATCH($C$4,$B235:$B237,0),1),0)","v":0}]
[]
[null,"Spread Factor - General Business"]
[]
[null,null,"Average Duration of Exposure"]
[null,null,"< 2 yrs","2 to < 5 yrs",">= 5 yrs"]
[null,{"$f":"B11","v":"Captive General (Re)insurer"},6.0000000000000001E-3,2.4E-2,4.2999999999999997E-2]
[null,{"$f":"B13","v":"Commercial General Insurer"},1.4E-2,4.9000000000000002E-2,8.6999999999999994E-2]
[null,{"$f":"B15","v":"Commercial General Reinsurer"},0.01,3.6999999999999998E-2,6.6000000000000003E-2]
[null,"Selected",{"$f":"IFERROR(INDEX(C244:C246,MATCH($C$4,$B244:$B246,0),1),0)","v":0},{"$f":"IFERROR(INDEX(D244:D246,MATCH($C$4,$B244:$B246,0),1),0)","v":0},{"$f":"IFERROR(INDEX(E244:E246,MATCH($C$4,$B244:$B246,0),1),0)","v":0}]
[]
[null,"Currency, Equity and Property Factors"]
[]
[null,null,null,null,"Equity",null,null,"Other Investments"]
[null,null,"Currency","Property","Quoted","Unquoted","Strategic","Other","Derivatives"]
[null,{"$f":"B11","v":"Captive General (Re)insurer"},0.1,0.05,0.16,0.2,"n/a",0.2,1]
[null,"Captive Life (Re)insurer",0.1,0.05,0.16,0.2,0.09,0.2,"n/a"]
[null,"Commercial General Insurer",0.25,0.25,0.39,0.49,"n/a",0.49,1]
[null,"Commercial Life Insurer",0.25,0.25,0.39,0.49,0.22,0.49,"n/a"]
[null,"Commercial General Reinsurer",0.18,0.18,0.28000000000000003,0.35,"n/a",0.35,1]
[null,"Commercial Life Reinsurer",0.18,0.18,0.28000000000000003,0.35,0.16,0.35,"n/a"]
[null,"Selected",{"$f":"IFERROR(INDEX(C253:C258,MATCH($C$4,$B253:$B258,0),1),0)","v":0.25},0.25,0.39,0.49,0.22,0.49,"n/a"]
[]
[]
["Life Business - Underwriting Stresses"]
[]
[null,null,null,null,"Morbidity/Disability",null,null,"Lapse"]
[null,null,"Mortality","Longevity","Inception Rates","Recovery Rates","Expenses","Upward","Downward","Mass"]
[null,{"$f":"B12","v":"Captive Life (Re)insurer"},7.4999999999999997E-2,0.1,0.125,0.1,0.05,0.25,0.25,0.2]
[null,{"$f":"B14","v":"Commercial Life Insurer"},0.15,0.2,0.25,0.2,0.1,0.5,0.5,0.4]
[null,{"$f":"B16","v":"Commercial Life Reinsurer"},0.115,0.15,0.19,0.15,7.4999999999999997E-2,0.38,0.38,0.3]
[null,"Selected",{"$f":"IF($C$4=$B266,C266,IF($C$4=$B267,C267,IF($C$4=$B268,C268,\"n/a\")))","v":0.15},0.2,0.25,0.2,0.1,0.5,0.5,0.4]
[]
[]
[]
[null,null,null,null,"Health - Mass Accident"]
[null,null,"Life Pandemic","Health Pandemic","Accidental deaths","Permanent total disabilities","Long term disabilities","Short term disabilities","Medical/Injuries"]
[null,null,"per 1,000 lives","per 100,000 lives","per 100,000 lives","per 100,000 lives","per 100,000 lives","per 100,000 lives","per 100,000 lives"]
[null,{"$f":"B266","v":"Captive Life (Re)insurer"},0.745,3.75,12.5,1.75,6.25,16.75,37.25]
[null,{"$f":"B267","v":"Commercial Life Insurer"},1.5,7.5,25,3.75,12.5,33.75,75]
[null,{"$f":"B268","v":"Commercial Life Reinsurer"},1.1399999999999999,5.7,19,2.75,9.5,25.75,57]
[null,"Selected",{"$f":"IF($C$4=$B276,C276,IF($C$4=$B277,C277,IF($C$4=$B278,C278,\"n/a\")))","v":1.5},7.5,25,3.75,12.5,33.75,75]
[]
[]
[null,"Currency Abbreviations"]
[]
[null,"United Kingdom Pounds","GBP"]
[null,"Euro","EUR"]
[null,"United States Dollars","USD"]
[null,"Sweden Kronor","SEK"]
[null,"South Africa Rand","ZAR"]
[null,"United Arab Emirates Dirhams","AED"]
[null,"Afghanistan Afghanis","AFN"]
[null,"Albania Leke","ALL"]
[null,"Argentina Pesos","ARS"]
[null,"Australia Dollars","AUD"]
[null,"Barbados Dollars","BBD"]
[null,"Bangladesh Taka","BDT"]
[null,"Bulgaria Leva","BGN"]
[null,"Bahrain Dinars","BHD"]
[null,"Bermuda Dollars","BMD"]
[null,"Brazil Reais","BRL"]
[null,"Bahamas Dollars","BSD"]
[null,"Canada Dollars","CAD"]
[null,"Switzerland Francs","CHF"]
[null,"Chile Pesos","CLP"]
[null,"China Yuan Renminbi","CNY"]
[null,"Colombia Pesos","COP"]
[null,"Costa Rica Colones","CRC"]
[null,"Czech Republic Koruny","CZK"]
[null,"Denmark Kroner","DKK"]
[null,"Dominican Republic Pesos","DOP"]
[null,"Algeria Dinars","DZD"]
[null,"Estonia Krooni","EEK"]
[null,"Egypt Pounds","EGP"]
[null,"Fiji Dollars","FJD"]
[null,"Hong Kong Dollars","HKD"]
[null,"Croatia Kuna","HRK"]
[null,"Hungary Forint","HUF"]
[null,"Indonesia Rupiahs","IDR"]
[null,"Israel New Shekels","ILS"]
[null,"India Rupees","INR"]
[null,"Iraq Dinars","IQD"]
[null,"Iran Rials","IRR"]
[null,"Iceland Kronur","ISK"]
[null,"Jamaica Dollars","JMD"]
[null,"Jordan Dinars","JOD"]
[null,"Japan Yen","JPY"]
[null,"Kenya Shillings","KES"]
[null,"South Korea Won","KRW"]
[null,"Kuwait Dinars","KWD"]
[null,"Lebanon Pounds","LBP"]
[null,"Sri Lanka Rupees","LKR"]
[null,"Lithuania LItas","LTL"]
[null,"Latvia Lats","LVL"]
[null,"Morocco Dirhams","MAD"]
[null,"Mauritius Rupees","MUR"]
[null,"Mexico Pesos","MXN"]
[null,"Malaysia Ringgits","MYR"]
[null,"Norway Kroner","NOK"]
[null,"New Zealand Dollars","NZD"]
[null,"Oman Rials","OMR"]
[null,"Peru Nuevos Soles","PEN"]
[null,"Philippines Pesos","PHP"]
[null,"Pakistan Rupees","PKR"]
[null,"Poland Zlotych","PLN"]
[null,"Qatar Riyals","QAR"]
[null,"Romania New Lei","RON"]
[null,"Russia Rubles","RUB"]
[null,"Saudi Arabia Riyals","SAR"]
[null,"Sudan Pounds","SDG"]
[null,"Singapore Dollars","SGD"]
[null,"Thailand Baht","THB"]
[null,"Tunisia Dinars","TND"]
[null,"Turkey Lira","TRY"]
[null,"Trinidad and Tobago Dollars","TTD"]
[null,"Taiwan New Dollars","TWD"]
[null,"Venezuela Bolivares Fuertes","VEF"]
[null,"Vietnam Dong","VND"]
[null,"Zambia Kwacha","ZMK"]

{"sheet":"Balance Sheet Cat6","index":23,"n_rows":100,"n_cols":4,"rows_kept":100,"cut":false,"hidden":true,"merged":[[113,1,113,2],[102,1,102,2],[103,1,103,2],[104,1,104,2],[105,1,105,2],[106,1,106,2],[107,1,107,2],[108,1,108,2],[109,1,109,2],[110,1,110,2],[111,1,111,2],[112,1,112,2],[101,1,101,2],[4,1,4,2],[47,1,47,2],[75,1,75,2],[99,0,99,6],[100,1,100,2]]}
["REGULATORY BALANCE SHEET",null,null,{"$f":"Reporting_Currency","v":"GBP"}]
[{"$f":"Undertaking_Name&\" - \"&Cell_Name","v":" - "},null,null,{"$f":"Assessment_Date","v":"00:00:00"}]
[]
[null,null,null,"Info"]
[null,"ASSETS",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Fixed Assets"]
[null,null,"Tangible",0]
[null,null,"Intangible",0]
[null,null,"Total",{"$f":"D9+D10","v":0}]
[]
[null,"Investments"]
[null,null,"Bonds - government",0]
[null,null,"Bonds - corporate",0]
[null,null,"Equity/other shares",0]
[null,null,"Property",0]
[null,null,"Derivatives",0]
[null,null,"Investment funds",0]
[null,null,"Deposits",0]
[null,null,"Other investments",0]
[null,null,"Total",{"$f":"SUM(D14:D21)","v":0}]
[]
[null,"Loans"]
[null,null,"Loans to associated parties",0]
[null,null,"Other loans",0]
[null,null,"Total",{"$f":"SUM(D25:D26)","v":0}]
[]
[null,"Technical Assets"]
[null,null,"Insurance and intermediaries receivables",0]
[null,null,"Reinsurance receivables (other than reserves)",0]
[null,null,"Reinsurance share of premium reserves",0]
[null,null,"Reinsurance share of claim reserves",0]
[null,null,"Other technical assets",0]
[null,null,"Total",{"$f":"SUM(D30:D34)","v":0}]
[]
[null,"Other Assets"]
[null,null,"Prepayments and other debtors",0]
[null,null,"Cash and cash equivalents",0]
[null,null,"Deferred acquisition costs",0]
[null,null,"Other assets, not elsewhere shown",0]
[null,null,"Total",{"$f":"SUM(D38:D41)","v":0}]
[]
[]
[null,"TOTAL ASSETS",null,{"$f":"D11+D22+D27+D35+D42","v":0}]
[]
[]
[null,"LIABILITIES",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Technical Provisions"]
[null,null,"(Re)insurance accounts payable",0]
[null,null,"Premium reserves",0]
[null,null,"Claim reserves",0]
[null,null,"Risk Margin / Contingency",0]
[null,null,"Other technical liabilities",0]
[null,null,"Total",{"$f":"SUM(D52:D56)","v":0}]
[]
[null,"Loans"]
[null,null,"Subordinated loans",0]
[null,null,"Unsubordinated loans",0]
[null,null,"Total",{"$f":"SUM(D60:D61)","v":0}]
[]
[null,"Other Liabilities"]
[null,null,"Accruals and other creditors",0]
[null,null,"Doubtful debt provision",0]
[null,null,"Other liabilities, not elsewhere shown",0]
[null,null,"Total",{"$f":"SUM(D65:D67)","v":0}]
[]
[]
[null,"TOTAL LIABILITIES",null,{"$f":"D57+D62+D68","v":0}]
[]
[null,"NET ASSETS",null,{"$f":"D45-D71","v":0}]
[]
[]
[null,"CAPITAL RESOURCES",null,"Accounting\nBasis"]
[null,null,null,{"$f":"'Undertaking Information'!$D$11","v":"GBP"}]
[]
[null,"Capital and Reserves"]
[null,null,"Share capital",0]
[null,null,"Share premium",0]
[null,null,"Retained earnings",0]
[null,null,"Other capital resources",0]
[]
[null,"TOTAL CAPITAL RESOURCES",null,{"$f":"SUM(D80:D83)","v":0}]
[]
[null,null,null,{"$f":"IF(ABS(D73-D85)<2,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"Off-Balance Sheet Assets"]
[null,null,"Type 1 letters of credit",0]
[null,null,"Type 2 letters of credit",0]
[null,null,"Issued but uncalled capital",0]
[null,null,"Other off-balance sheet assets",0]
[null,null,"Total",{"$f":"SUM(D90:D93)","v":0}]
[]
[null,"Off-Balance Sheet Liabilties",null,0]
[]
[]
[]
[null,"·         Intangible fixed assets — no value is attached to them in the regulatory balance sheet, which is achieved by a negative adjustment equal to the value on an accounting basis.  This is equivalent to a 100% capital factor for regulatory capital purposes.  "]