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A shadow ledger concentrates on an excerpt of the business of an entity. This excerpt can be for example "All “All financial instruments" instruments” or a "Loan Ledger"“Loan Ledger”.
A shadow ledger light is similar to the shadow ledger, but the focus is limited to specific valuation elements. For example a shadow ledger light might cover the amortisation of transaction costs for a loan portfolio as well as fair value specific valuation elements or risk provisioning.
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- No third-party general ledger is in place
- A third-party general ledger is in place, but
- does not support the drilldown of general ledger account balances to individual deal level (often third-party general ledgers work at aggregated level only)
- does not support the breakdown of account balances to freely definable portfolios (often third-party general ledgers are limted to 3 to 5 criteira criteria which can be used for drilldown)
In any implmentation scenario, it is possible to export debit/credit entries to a third-party tool.