I understood you until this sentance (quoted above) - surely its the other way round?
Let me try again:
AY Accounts - I agree - we have all reserve types
3 year funded accounts - I think we agree - after 3 years we assume there will be no unexpired risks, so if we assume accounts are only produced after 3 years then we don't need a UPR (or AURR). Right?
UY Accounts - I'm still confused - I think my confusion is due to the fact that i'm just not clear if this is just another way of referring to 3 year funded accounts, or if they're something different. What is the difference? Do we need a UPR?
Last edited by a moderator: Apr 7, 2011