This whitepaper covers the role of a completion manager and how they assist in protecting funded status against changes in the level of interest rates and the shape of the yield curve. NISA offers their approach to completion portfolio management as well as implementation considerations.
The paper also discusses how to maintain the desired interest rate hedge versus the liability, how to minimize yield curve mismatch and how to align with the plan’s and liability’s spread exposure.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
