Abstract
§ 1. Introduction. At the December meeting, 1932, of the Swedish Actuarial Society, on the request of the formerly Actuary, now Bank Statistician, Dr. Einar Huss, the resolution was passed that an Actuarial Committee should be appointed, to report on the different customs of indicating the rate of interest and on the general notion of the yield, or ‘effective rate of interest’, according to Swedish nomenclature, of securities. In his primordial Memorandum, Dr. Huss stated that a most important feature in Sweden after the war has been the creation of a Bond Market of no small dimensions. Another important change from pre-war conditions is a higher degree of internationalization of the trade in securities. The different usances of different countries have thus come into nearer touch with one another, and a certain amount of confusion has been the result.
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