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Thread: Tilley's Method

  1. #1
    Actuary.com - Level I Poster
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    Tilley's Method

    In the Actex FM study manual at the very end it lists "Tilley's Method" under the heading "Asset-Liability Matching." I was trying to look it up online but there was nothing. Is anyone familiar with "Tilley's Method"?

    Thanks,

    Mr. Spock

  2. #2
    Actuary.com - Level I Poster sateach's Avatar
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    Quote Originally Posted by mr_spock
    "Tilley's Method"?


    Try here: http://www.casact.com/pubs/proceed/proceed93/93229.pdf

  3. #3
    Nick Mocciolo
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    Hi Mr Spock

    Tilley's method is not in widespread use by the finance community, so there is not alot of information available in the public domain.

    The best source is the section in Broverman's text related to that matter.

    Hope it helps ...

  4. #4
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    I would also like to ask a question:
    The appendix VIII of Kellison's book is also on the syllubus, is it anywhere in
    Actex or BPP manual? I can't find it :-((((
    thanks for any one who help me on this!

  5. #5
    Actuary.com - Level VI Poster Ken's Avatar
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    I think immunization, duration, and convexity are covered on some of the newer manuals.
    Whether you are the lion or the gazelle, when the sun comes up, you better be running.

  6. #6
    Actuary.com - Level I Poster Sandi Lynn Scherer's Avatar
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    This material is covered in section 7.2 of the Broverman textbook, and in Unit VIII of the ACTEX FM study manual.
    Sandi Lynn Scherer
    ACTEX Publications
    www.ActexMadRiver.com

  7. #7
    Actuary.com - Level VI Poster Ken's Avatar
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    If it's not covered in Kellison, how can they test on it? Is Kellison still one of the options for the required texts?
    Whether you are the lion or the gazelle, when the sun comes up, you better be running.

  8. #8
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    Tilley's Method

    I have the FM manual that is 1 year old, so I guess the newer one (that I don't have access to; I also don't have access to the Broverman text) covers Tilley's method? Can someone give me a brief explanation of it? Or is it enough to know that it is used in asset-liability matching?

    Thanks,

    Mr. Spock

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