Glossary

Scenario

A crml_scenario: "1.0" document describing frequency + severity assumptions (and optionally referenced controls).

See: Language/Schemas/Scenario

Portfolio

A crml_portfolio: "1.0" document that defines exposure (assets, cardinalities) and binds scenarios.

See: Language/Schemas/Portfolio

EAL

Expected annual loss: the mean of the annual loss distribution.

VaR

Value at Risk at percentile $p$: the $p$-quantile of the annual loss distribution.

Basis

The unit semantics of the frequency model (e.g., per organization per year vs per asset unit per year).

See: CRML Specification (Overview)