Management Team

  • Management Team

    The Company monitors the interest rate environment on a regular basis and alters the portfolio mix of fixed and floating rate securities.

    The Company’s policy requires the management to manage this risk by measuring the mismatch of the interest rate sensitivity gap of financial assets and liabilities and calculating the average duration of the portfolio of fixed interest securities.

    The average effective duration of the Company’s portfolio is a measure of the sensitivity of the fair value of the Company’s fixed interest securities to changes in market interest rates.

    The Company’s policy refrains from holding interest bearing instruments that induce the average effective duration of the fixed interest portfolio to pass the benchmark of the average duration.