On the chart, to the right, there are 5 pairs of radio buttons, namely experience, contract, inflation, marginMV, and assets.
Over Whole_2019, for a fully inflationprotected endowment fully invested in conventional bonds, the MtM approach with zero marginMV would have led to an average solvency margin of 10%; increasing marginMV to 1% would have led to an average solvency margin of minus 5%. In either case, the offmarket average solvency margin would be minus 3%.
