Multiplier
Subtype of Modelled FactorGiven a simulated value x of the referenced risk factor at time t, the corresponding numerical value m(x;t) of the affected market element bucket (eg a single deposit rate or vol) is given by the product:
m(x;t) = xm(0), where m(0) is the initial known value of this market element bucket.
Effectively this amounts to defining the risk factor as the random ratio m(t)/m(0), rather than m(t) itself.
Although not required, this setting is usually accompaqnied by a Process Type setting of LogNormal