ASSET/LIABILITY MANAGEMENT. For purposes of these policies the Foundation’s adherence to this policy regarding Asset/Liability Management shall be the same inside and outside of the United States, except as otherwise required by applicable law. Where there is a conflict, the spirit of the Foundation Policy must still be observed.
ASSET/LIABILITY MANAGEMENT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to an updated written liquidity, asset and liability management policy. In formulating this policy, the Board shall refer to the “Liquidity” booklet, L-L, of the Comptroller’s Handbook. The policy shall provide for a coordinated asset/liability management strategy and, at a minimum, address:
ASSET/LIABILITY MANAGEMENT. During the term of this Agreement, the Investment Manager shall provide asset-liability services with respect to the Investments designed to assist the Company in managing the relationship between its assets and liabilities. In connection therewith, the Investment Manager shall:
ASSET/LIABILITY MANAGEMENT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt and the Bank, subject to Board review and ongoing monitoring, shall implement and thereafter adhere to a revised asset liability management program that includes at a minimum:
ASSET/LIABILITY MANAGEMENT. (1) Within sixty (60) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written, coordinated asset/liability management strategy. This strategy should:
ASSET/LIABILITY MANAGEMENT. 8. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Division an acceptable written plan designed to improve compliance with the Bank's liquidity and sensitivity to market risk policies. The plan shall, at a minimum, address, consider, and include:
ASSET/LIABILITY MANAGEMENT. (1) Within ninety (90) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset and liability management plan to reduce the Bank’s level of interest rate risk (IRR), as measured by the Bank’s market value of equity (MVE) model. The plan shall provide for a coordinated asset/liability management strategy and, at a minimum, address:
ASSET/LIABILITY MANAGEMENT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook, OCC Bulletin 2010-1, and OCC Bulletin 2004-29. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address:
ASSET/LIABILITY MANAGEMENT. Investment assets of the Company shall be invested, consistent with the guidance from the BSMC and the ALCO, in asset portfolios which have characteristics compatible with the insurance and annuity liability portfolios and management of interest rate risk. The Company also fully supports the Valuation Actuary concept and performs cash flow testing as required by the standard valuation laws. The objective of the cash flow testing is to examine the appropriateness of the Company's assets to meet its obligations to policy owners under a broad range of interest rate scenarios. The Company's hedging of investment assets and policy liabilities taken as a whole shall be consistent with the Derivatives Policy that is attached to and hereby made a part of this Investment Policy.
ASSET/LIABILITY MANAGEMENT. Prepare quarterly interest rate risk reporting • Prepare monthly liquidity and capital management reports • Chairman of ALCO committee — monthly meetings • Assist with preparation and analysis of monthly pricing reports. • Implement rate changes determined by ALCO • Update and manage asset liability management software system Shareholder Services • Prepare and distribute dividends to shareholders as directed by the Board • Complete annual tax reporting for dividends paid • Assist shareholders with stock transactions Audit & Examination • Assist with preparation and completion of annual financial audit • Assist regulatory examiners with examination process
