To begin working with SLOPE, we first need a model to work with. For purposes of this guide, we will be creating a copy of the existing Slope Life Library. Leaving the original Slope Life Library unaltered will not only facilitate future improvements from the development team, but it will also provide a baseline for comparisons.
From the Home screen in SLOPE, navigate to the Model Development module.
Click on the Slope Life Library to select it. Next, click on the Copy button.
To keep things simple, we'll only select a few assets and liabilities for our first model. Don't worry if you need something else later, we can always copy other products using the Merge tool. Select the following Products: Commercial Mortgage, Fixed Annuity, Non-Callable Bond, Term Life, and Whole Life. You will also want the select the Inforce Portfolio.
Next, give your model a name; for this guide, we'll assume it's "My First Model". Finally, click on "Create Copy". It may take a few minutes to copy.
Now that you've created your first model, we'll review the structures in the next step... Model Structure Overview.