The Collective Impairment Workbench is a modular solution that calculates probability-weighted Expected Credit Losses (pwECL) in line with GAAP and regulatory requirements. For IFRS 9 this includes the calculation of 12-month ECLs for stage 1 as well as lifetime Expected Credit Losses for assets assigned to stage 2.
The workbench provides a browser-based UI to design master scenarios, to assign sets of macroeconomic parameters to specific models, to perform simulation runs, to calibrate PDs etc.
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It can be used as
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integrated module
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in an end-to-end solution for financial accounting built with
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Jabatix Components.
Alternatively it can be used as a stand-alone solution which soleley takes care of pwECL.
In both implementation scenarios, deals with similar credit risk characteristics
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will be grouped in segments and
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assigned (depending on their deterioration in credit quality) to
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an impairment stage.
Calculation of Expected Credit Losses (ECL)
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