Liability funding strategy : cash matching.

• Main Authors: Han, Yiling., Lim, Chuan Jie., Neo, Zhi Wei.
• Other Authors: Zhao, Yonggan
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Portfolio management
• Online Access: http://hdl.handle.net/10356/10252
• Institution: Nanyang Technological University

In this paper, we explore the liability funding strategy of a passive portfolio management - cash matching. Using a cash matching technique which allow for reinvesting surpluses, we constructed a bond portfolio from a security universe of plain vanilla, investment grade bonds.