Stress Test Data Framework Dictionary 2021: Version 02

PensionAssetClass

Enumeration Definition
Cash As per definitions used in FSA081.
Derivatives As per definitions used in FSA081.
Fixed interest corporate bonds A As per definitions used in FSA081.
Fixed interest corporate bonds AA As per definitions used in FSA081.
Fixed interest corporate bonds AAA As per definitions used in FSA081.
Fixed interest corporate bonds BBB Can also include ratings below BBB in this category.
Fixed interest gilts As per definitions used in FSA081.
Hedge funds As per definitions used in FSA081.
Index linked corporate bonds As per definitions used in FSA081.
Index linked gilts As per definitions used in FSA081.
Inflation swaps As per definitions used in FSA081.
Infrastructure As per definitions used in FSA081.
Interest rate swaps As per definitions used in FSA081.
Other alternatives As per definitions used in FSA081.
Other credit To include, for example, structured finance/RMBS, loans, floating rate notes, and high yield debt not covered in ‘fixed interest’ above.
Overseas equity As per definitions used in FSA081.
Private equity To include, for example, structured finance/RMBS, loans, floating rate notes, and high yield debt not covered in ‘fixed interest’ above.
Property To include commodities, insurance and reinsurance linked investments, and other risky assets expected to have relatively low correlation with equity / bond markets.
UK equity As per definitions used in FSA081.