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Old 04-14-2008, 11:31 PM
turtleman turtleman is offline
 
Join Date: Apr 2006
Posts: 17
Default True-up and unlocking

Can someone help me understand the DAC amortization formula for SFAS 120 products? I understand that there needs to be the regular amortization component, the true-up adjustemnt, and the unlocking adjustment, but I'm having a hard time understanding the timing of the k factors and the EGMs.
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