KR101211809B1 - Method for financial assets management - Google Patents

Abstract

According to the present invention, the first stage of setting the minimum pension reserve guaranteed regardless of the performance of the special account at the time of the start of pension payment, the ratio of fund transfer to be incorporated into the safe asset fund and the growth asset fund by the insurance period before the start of pension payment The second step of calculating according to the applied formula, the third step of evaluating the asset operation performance generated by the operation of the special account according to the transfer ratio, and the third step of checking whether the return on investment of the asset operation performance increases on the contracted date of the month. And a fourth step of increasing the minimum pension reserve by reflecting the increase if the return on investment is increased, and maintaining the minimum pension reserve if the return on investment is not increased.

Description

Financial asset management method {METHOD FOR FINANCIAL ASSETS MANAGEMENT}

The present invention relates to a financial asset management method, which evaluates the asset management performance generated when a special account is operated, and increases the minimum pension reserve by reflecting the increase if the return on investment of the asset management performance increases, and the return on investment If this is not the case, the minimum pension reserve will be kept intact, so that the loss will not be reflected in the minimum pension reserve even if the asset management performance falls.

Contractors who have contracted with financial institutions to manage financial assets demand high stability and demand stability in a rapidly changing financial environment. Therefore, financial companies collect and manage investment funds from a number of contractors in an indirect investment method to guarantee the principal capital of the contractor's investment capital, and also to pursue profits on the principal capital of the investment capital (ELS, ELD). Derivative financial instruments are presented. Structured bond derivatives are financial instruments that can reduce the risk of balancing profitability and stability by financial companies that have been commissioned to manage their investment funds.

Structured bond derivatives include variable pension insurance. Variable pension insurance is an insurance scheme in which a financial company invests some of the premiums paid by a contractor in stocks or bonds and distributes the investment performance to the contractor according to its performance.

Variable pension insurance guarantees a minimum pension reserve. The minimum pension reserve is the minimum contractor reserve guaranteed at the beginning of pension payment regardless of the performance of the special account. At this time, the financial company demands the minimum guarantee fee from the contractor in guaranteeing the minimum pension reserve.

As explained above, the contractor seeks high returns. Therefore, the minimum pension reserve is also expected to increase in conjunction with the performance. The contractor also wants to minimize or eliminate the minimum guarantee fees paid to financial institutions. As a result, the contractor wants to launch an insurance product that meets the above two conditions.

In order to solve this problem, the present invention evaluates the asset operation performance generated as a special account is operated, and if the return on investment of the asset operation performance increases, the minimum pension reserve is increased to reflect the increase, and the return on investment is increased. If not, it provides a method of managing financial assets that maintains the minimum pension reserve.

In order to achieve the above object, the financial asset management method of the present invention comprises the first step in which the financial product server sets a minimum pension reserve guaranteed at the time of initiation of pension payment regardless of the special account operation performance, before the financial product server starts pension payment. The second step of calculating the fund transfer ratio to be transferred to the safe asset fund and the growth asset fund by the insurance period according to the fund-specific transfer rate formula; asset management generated by the financial product server operating a special account according to the transfer ratio In the third step of evaluating the performance and confirming whether the return on investment of the asset management performance increases on a contracted date of the month, the financial product server increases the minimum pension reserve to reflect the increase if the return on investment increases, and the investment If the rate of return has not risen, a fourth step of maintaining the minimum pension reserve, and the minimum pension reserve (The premium already paid before commencement is multiplied by the guarantee ratio, the contractor's reserve on the day of the contract, and the final deposit on the date of the contract on the previous month). Min. (Standard Growth Asset Reserve × Multiplier and Contractor Reserve in Special Account × 80%)] / Contractor Reserve in Special Account), and the formula of applying the transfer ratio by safety asset fund is (100%-preset growth asset). Fund funding ratio).

The present invention evaluates the asset management performance generated by the operation of the special account, and if the return on investment of the asset management performance increases, the minimum pension reserve is increased to reflect the increase, and if the return on investment does not increase, the minimum pension reserve is raised. By keeping it as it is, it is a method of managing financial assets that allocates more money to the contractor because the loss is not reflected in the minimum pension fund.

1 is a flowchart illustrating a method of operating a financial asset in accordance with an embodiment of the present invention.
2 is a graph showing a change in the minimum pension reserve, for example, when the insurance period is set to one year in the financial asset management contract.

Hereinafter, the present invention will be described in more detail with reference to Examples. These embodiments are only for illustrating the present invention, and the scope of rights of the present invention is not limited by these embodiments.

1 is a flowchart illustrating a method of operating a financial asset in accordance with an embodiment of the present invention.

As shown in Figure 1, the financial asset management method of signing a financial asset management contract and setting the minimum pension reserve (S1), the step of confirming the increase in the return on investment on the contract month of the month (S2), the return on investment If increased, increase the minimum pension reserve to reflect the increased return on investment (S3); if the return on investment does not increase, maintain the minimum pension reserve (S4); and if the financial asset management contract expires, pay the minimum pension reserve. It consists of step S5.

The signing of the financial asset management contract and setting the minimum pension reserve (S1) refers to the step of setting the minimum pension reserve that is guaranteed regardless of the performance of the special account at the start of pension payment. Specifically, pension payment form, pension payment start age, insurance period, age of contractor, premium payment period, payment period, dividends, minimum pension reserve, matters related to operation of special accounts, calculation of contractor reserve, pension Concluding matters regarding insurance, including matters related to payment, disclosure rate, transfer of funds between special accounts and general accounts, withdrawal of contractor reserves, resurrection of termination contracts, and insurance contract loans. Step.

Premiums include basic premiums and additional premiums. The basic premium is the premium to be paid monthly, and the additional premium is the premium that can be paid at any time in addition to the basic premium.

The minimum pension reserve is the minimum contractor reserve that is guaranteed at the beginning of pension payment regardless of the performance of the special account.It is the premium already paid before the pension starts, multiplied by the guarantee ratio, the contractor's reserve on the day of the contract, and the previous month's contract. It is the largest amount of the security deposit of the day. The minimum pension reserve is guaranteed only at the end of the insurance period prior to commencement of pension payment.

Transitional information surplus is the amount by which the insurance premium for each insurance period (hereinafter abbreviated as the guarantee ratio) is multiplied by the basic insurance premium (excluding special insurance premiums) on the contract date in the first month, and the premium already paid after the second month. The amount multiplied by the guarantee ratio is calculated as the greater of the contractor's reserve on the contracted date and the progress confirmation deposit on the contracted date each month. At this time, if there is no applicable contract month, it shall be the end of the month.

On the other hand, if the contractor withdraws the contractor's reserve, the progress confirmation deposit on the contract date is the amount calculated according to the following method (see Equation 1).

[Equation 1]

When the contractor reduces the amount of insurance coverage, the increase in profits from the day of the contract refers to the amount calculated according to the following method (see Equation 2).

&Quot; (2) "

In the case of calculating the continuation information increase on the contract date, immediately before withdrawal (just before the reduction), the continuation information increase means that the withdrawal and deduction occurred before the withdrawal (deduction) occurred, according to the formulas (1) and (2). Calculated minimum pension reserve.

Matters related to the operation of special accounts should be managed independently from the assets of general insurance, which are managed by special accounts, and are evaluated every day so that the asset management performance can be immediately reflected in the contractor's reserve. Include the statement. There are two types of funds: bond type, Korea index type and co-raw index type. Bond types include government bonds and special bonds issued by the government or public institutions, corporate bonds (including convertible bonds with a credit rating of BBB + or higher, bonds related to equity securities, private equity and asset-backed securities (including subordinated debt)) and bond types Invest in less than 90% of net assets (NAVs) in collective investment securities, listed index investment schemes, and related derivatives, and the rest in liquid assets to secure liquidity. Korea Index Type invests less than 90% of Net Assets (NAV) in domestic listed stocks (including KOSDAQ stocks), equity-type collective investment securities, ETFs and related derivatives, and the rest invests in liquid assets to secure liquidity. do. Co-raw material index types include domestic and international major raw material index-related stocks and collective investment securities, ETFs and related derivatives, as well as domestic listed stocks (including KOSDAQ stocks) and equity-type collective investment securities, ETFs, and Invest in less than 90% of net assets (NAV) in related derivatives and invest in liquid assets to secure liquidity. In this case, investment subjects are operated in accordance with relevant laws such as the Insurance Business Act and the Capital Market and Financial Investment Business Act, and if the relevant laws are amended, they may be replaced or changed, and financial companies may add new funds. If the investment limit is inevitably exceeded due to price fluctuations or cancellation of investment assets, such as investment assets, the investment limit shall be met within 3 months and 15 days, respectively.

Regarding special account management fee and special account trust fee, special account management fee and trust fee by fund type are as follows.

division Special Account Management Fee Special Account Consignment Fee Bond type 0.6655% of contractor reserves in special accounts each year
(0.0018232877% of contractor reserve in special account every day) 0.0345% of contractor reserve in special account every year
(0.0000945205% of contractor reserve in special account every day) Korea Index Type 0.6655% of contractor reserves in special accounts each year
(0.0018232877% of contractor reserve in special account every day) 0.0345% of contractor reserve in special account every year
(0.0000945205% of contractor reserve in special account every day) Nose-Material Index Type 0.6505% of contractor reserve in special account every year
(0.0017821918% of contractor reserve in special account every day) 0.0495% of contractor reserve in special account every year
(0.0001356164% of contractor reserve in special account every day)

Matters concerning the operation of special accounts also include information on the contractor's selection and change of funds. The contractor may select one of the fund platforms as set out below when the insurance contract is signed, and the fund platform selected at the time of the initial contract is applied until the insurance period before the start of the salary payment.

Fund Platform Safe Asset Fund Growth Asset Fund Korea Index Platform Bond type Korea Index Type CO-Material Index Platform Bond type Nose-Material Index Type

In matters related to the operation of special accounts, in the matter of automatic redistribution of funds, the financial institution shall maintain the fund-by-fund period until the insurance period before the start of pension payment in accordance with the formula of application of the fund-specific transfer rate set out below among the funds in the fund platform selected by the contractor at the time of initial contract. By calculating the transfer ratio, the relevant reserves for each fund can be automatically included in the Safe Asset Fund and the Growth Asset Fund.The transfer reserves for each fund must be at least once a month according to the following formula. If the special account reserve falls by more than 10% compared to the previous day, it will be added.) As it changes, the accumulated amount of growth asset fund and safe asset fund will also change at least once a month.

Fund Ratio by Fund Formula of Application of Transfer Ratio by Fund Growth Asset Fund Fund Ratio [Min. (Standard Growth Asset Reserve × Multiplier, Contractor Reserve in Special Account × 80%)] / Contractor Reserve in Special Account Safe Asset Fund Fund Ratio 100% Growth Fund Fund Transfer Ratio

If the growth asset fund funding ratio calculated by evaluating daily according to the above-mentioned fund application formula is 0%, the date calculated as 0% (hereinafter referred to as 'standard safety asset delivery date') is transferred. On the date of occurrence, the contractor's reserve of the contract is transferred from the special account to the general account, and then operated at the published interest rate of this insurance until the end of the insurance period before commencement of pension payment, in accordance with the criteria set forth in the calculation method of the premium and liability reserve of this contract. Contractor reserves operated in a general account from the date of transfer to the general account at this time are called general account conversion reserves. However, it does not reflect the performance of the special account from the date of transfer to the general account. In addition, if the transfer from the special account to the general account in accordance with the criteria set out above, the company will notify the contractor within ten business days.

In matters related to the operation of special accounts, in terms of methods and operations of assets, the evaluation and operation of special account assets shall be in accordance with the methods set forth in the Insurance Business Act, the Capital Markets and Financial Investment Business Act, etc. If so, it should be replaced or changed. Valuation of special account assets applies to each special account.

In the matters relating to the operation of special accounts, the number of special accounts shall be one won for each special account set up, and thereafter, the daily transfer or withdrawal of the special accounts shall be carried out in units of units according to the reference price per day. Regarding the reference price, the reference price per seat of a special account is calculated as follows, rounding from the third digit to the first digit to 1,000 digits, to the second digit after the initial sale. Include the statement.

In the matters relating to the operation of special accounts, the initial investment funds include the fact that financial institutions may set up special accounts by transferring funds from general accounts to special accounts for the smooth operation of special accounts.

In matters related to the operation of special accounts, in matters concerning the re-cost and remuneration of special accounts, financial institutions shall be subject to re-expenses, remuneration, auditing expenses, and receivables in accordance with relevant laws and regulations such as the Capital Markets and Financial Investment Business Act and the Enforcement Decree of the same Act. The fund may withdraw the valuation, but the costs for preparing and providing an asset management report shall be borne by the financial company.

In the matters concerning the operation of the special accounts, in the matters concerning the notification of the contractor, Article 93 of the Enforcement Decree of the Act on Capital Markets and Financial Investment Business, changes in investment management personnel, decision to delay repurchase or repurchase of redemptions, and the reasons therefor; (E) Article 93 (Enforcement Disclosure, etc.) of the Enforcement Decree of the Capital Markets and Financial Investment Business Act as a matter necessary for the protection of investors, including the details and amortization rates, etc. Includes that the contractor should be notified of the matters to be set.

Lastly, in the matters related to the operation of special accounts, in the matters concerning the abolition of special accounts, when the assets of each special account are rapidly reduced or the change in asset value makes it difficult to efficiently manage the assets, It includes the fact that special accounts can be terminated if the target of the operation expires.

The step (S2) of confirming the increase in the return on investment on the contract day of each month is the step of confirming the return on investment according to the performance of the fund. The financial company invests in the above-mentioned bonds or stocks based on the client's investment capital and checks the yield daily. At this time, if the return on investment rises, the minimum pension reserve is increased to reflect the increased return on investment (S3). Even when the return on investment rises by 1%, the minimum pension reserve is increased. On the contrary, if the ROI does not rise, the minimum pension reserve is maintained (S4).

Finally, when the financial asset management contract expires, the minimum pension reserve is paid (S5).

In summary, the minimum pension reserve set at the conclusion of the financial asset management contract is confirmed every month on the day of the contract, and if the return on investment rises, the minimum pension reserve is raised. Maintain the existing minimum pension reserve. When the financial asset management contract expires, an increased minimum pension reserve or an initial minimum pension reserve is paid.

For example, when the insurance period is set to one year in the financial asset management contract, the minimum pension reserve as shown in FIG. 2 is calculated.

As shown in FIG. 2, after setting the minimum pension reserve and checking the return on investment on the contract date of January, the financial company increases the minimum pension reserve first. If the return on investment rose even on the contract date in February, the financial institution will increase the minimum pension reserve by a second. If the return on investment has increased on the contract dates in March, June and July, the financial institution will increase the minimum pension reserves by third, fourth and fifth. If the return on investment was confirmed on the contract dates of April, May, August and December, the minimum pension reserve will remain the same as last month. Therefore, the minimum pension reserve to be paid to the contractor is paid the fifth increased minimum pension reserve. That is, even if the minimum pension reserve may rise above the value initially set by the return on investment, the minimum pension reserve does not decrease below the value initially set.

On the other hand, the confirmation of the increase in the ROI is different from the target return achievement evaluation method, and if the ROI rises by 1% every month on the contract day, it is reflected in the minimum pension reserve. If the target rate of return achievement is less than the target return, the minimum pension reserve will not rise even if the return on investment rises. In other words, if the target rate of return is set at 5%, the minimum pension reserve will not rise if the target rate of return is below 4%. However, the financial asset management method according to the present embodiment does not set a target rate of return, and even if the investment yield rises by only 1%, it is reflected in the minimum pension reserve, so that a large dividend may be paid to the contractor.

In summary, the minimum pension reserve set at the conclusion of the financial asset management contract is confirmed each month on the day of the contract, and if the return on investment is increased, the minimum pension reserve is raised. Maintain a minimum pension reserve. When the financial asset management contract expires, an increased minimum pension reserve or an initial minimum pension reserve is paid. At this time, if the minimum pension reserve is maintained, the contractor shall distribute to the contractor any amount of insurance premiums already paid, multiplied by the pre-set guarantee ratio, the previous year's progress check deposit and the minimum pension reserve retained. Thus, the contractor is guaranteed the maximum return without any loss of principal of the investment funds.

S1: Financial asset management method involves signing a financial asset management contract and setting a minimum pension reserve
S2: Steps to check the return on investment on the contract month of the month
S3: If the ROI rises, increase the minimum pension reserve to reflect the increased ROI.
S4: Maintain minimum pension reserve if return on investment has not risen
S5: Paying the minimum pension reserve when the financial asset management contract expires

Claims (8)

The financial product server sets a minimum pension reserve guaranteed at the start of pension payment regardless of the performance of the special account operation;
A second step of calculating, by the financial product server, a fund incorporation ratio to be incorporated into a safe asset fund and a growth asset fund by the insurance period before commencement of pension payment in accordance with a fund-specific ratio ratio formula;
A third step of the financial product server evaluating the asset operation performance generated by the operation of the special account according to the incorporation ratio, and checking whether the return on investment of the asset operation performance increases on a contract day of each month; And
A fourth step in which the financial product server increases the minimum pension reserve by reflecting an increase when the return on investment rises, and maintains the minimum pension reserve if the return on investment does not increase; Including;
The minimum pension reserve is the greatest of the premiums already paid before the pension commences, multiplied by the guarantee ratio, the contractor's reserves on the month of the contract, and the final deposit on the day before the contract.
The formula for applying the transfer ratio for each growth asset fund is set by ([Min. (Standard Growth Asset Reserve × Multiplier and Contractor Reserve in Special Account × 80%)] / Contractor Reserve in Special Account)
The formula for applying the incorporation ratio for each safe asset fund is set by (100% -preset growth asset fund incorporation ratio),
On the first month of the contract, the guaranteed deposit shall be the amount of the insurance premium for the insurance period before the pension payment is multiplied by the basic insurance premium (excluding the special insurance premium) on the first calendar month. A method of operating a financial asset, characterized in that the amount is greater than the amount of the contractor's reserve on the contracted date of each month, and the increase in progress information on the contracted date of the previous month.
delete delete delete delete delete The method of claim 1,
The secured asset fund includes a bond type fund.
The method of claim 1,
If the minimum pension reserve has been maintained in the fourth stage, finance which distributes any one of the premium already paid, multiplied by the pre-set guarantee ratio, the previous year's progress check deposit, and the minimum pension reserve retained; How assets are managed.

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