0
$\begingroup$

My understanding is that RUN date is the date you do the RUN (eg in prophet / moses / igloo / whatever, the date on which you performed the calculations)

Whereas VALuation date is the initial 'as at' date you use to VALue the run (eg using data extracted as it pertains to Year End / Month end whatever).

I have also heard that MODEL date is the date the model was built - so a model could be built on Monday (model date), run on tuesday (run date) but using the data 'as at' sunday (valuation date).

If you do work (or have worked) as an actuary, and / or have used the software applications above to develop models, I would be very interested in your views of exactly what the correct definitions are for the following:

  • RUN date?
  • Valuation date?
  • 0
    @RawFocus You can ask at Actuarial Outpost, a forum just for actuaries. This forum has a very small percentage of people who have some experience/knowledge of actuaries.2012-11-30

1 Answers 1

1

Model date is probably as you say, though this is unlikely to have a universally accepted definition.

Run date is the date - within the model - from which the model starts 'running' (projecting cash flows etc.)

Run date is therefore nothing to do with the date on which the run itself is carried out.

Valuation date is any date in respect of which a valuation is carried out by the model. A single run may include multiple valuation dates, usually the run date will be one of these but there may be others further in the future as well.