content_image/161437.jpg content_image/161438.jpg
Renewal of a contract  is when a policyholder takes whatever action is required, typically payment of a premium, in order to maintain benefits under the contract. 

Repurchase agreement  is a sale of securities with an agreement to buy back the securities at a specified time and price. 

Residential Mortgage Backed Security (RMBS) is an asset- backed security that is secured by a mortgage or collection of mortgages. 

Return on plan assets  is the investment income derived from plan assets, together with realized and unrealized gains and losses on the plan assets less any costs of administering the plan and less any tax payable by the plan itself. 

Reverse repurchase agreement  is a purchase of securities with the agreement to resell them at a later specified date and price. 

Security lending  involves a loan of a security from one party to another. 

Settlement date is the date that a financial asset is delivered to the entity that purchased it. 

Solvency II is the fundamental reform of European insurance solvency and risk governance legislation. 

Sovereign exposures relates to government issued securities including Dutch Government bonds and US Treasury, agency and state bonds. 

Spot exchange rate  is the exchange rate for immediate delivery. 

<img src='content_image/161437.jpg'>

Spread  is the difference between the current bid and the current ask or offered price of a given security. 

Stochastic modeling  is a statistical process that uses probability and random variables to predict a range of probable investment performances. 

Temporary differences  are differences between the carrying amount of an asset or liability in the statement of financial position and its tax base that will reverse over time. 

Trade date is the date that an entity commits itself to purchase or sell an asset. 

Transaction costs are incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or liability. 

Trust Pass-Through securities are securities through which the holders participate in a trust. The assets of these trusts consist of debentures issued by an Aegon Group company. 

Unlocking of DPAC and VOBA refers to the process of updating the DPAC or the VOBA amortization schedule to reflect changes between the past and current expectations of key assumptions used in the projection of future gross profits. 

Value of Business Acquired (VOBA) the difference between the fair value and the carrying amount of the insurance liabilities recognized when a portfolio of insurance contracts is acquired (directly from another insurance company or as part of a business combination). 

<img src='content_image/161438.jpg'>

