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“Purchased or originated credit impaired deals” (POCI) deals are processed in stage 3 in the solution similar to standard loans.
IFRS 9 sets out a specific approach for purchased or originated credit-impaired financial assets (so called ‘POCI’ assets). The solution ensures, that for these assets only the cumulative changes in lifetime ECL since initial recognition are recognised. It supports the calculation of the credit-adjusted EIR, considers for customer impairment POCI specific requirements during stage assignment and supports specific reporting requirements.
Differences are related to the following topics:
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