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Flashcards in Multi-framework Review Deck (6):
1

Model Life Cycle

1. R&D
2. Model implementation
3. Post implementation

2

Model development documentation: Executive Summary

Purpose/benefit
Any limits/weaknesses
List of key personnel
Model structure/features
Modeling approach (high level descr)

3

Model development data

If external data used - why relevant?
Any limits
Data dictionary, data sources
How multiple sources were combined and how data was filtered
Details of sampling
Description of data and segmentation, cleaning of data

4

Implementation documentation

Computer code annotation
User's guide and operating procedures
Business continuity planning
Implementation testing doc
Technical specifications

5

Vendor model documentation

How vendor model is applicable
Ongoing model performance testing
Results of validation/testing
Rationale for inclusion/exclusion of data
Any customization

6

Accounting Model Criteria

Use inputs from active markets when available
Consistent accounting model for all contracts
Consistency ...
- between exit and entry methods
- of unit of account
- with pricing methods
- with other accounting methods