Highlights: - Calculation of expected credit losses for all stages
- Consideration of macroecnonomic scenarios
- Coverage of the entire process chain of risk provisioning
- Specific workbench provides comprehensive functionaility for analysing historical default and performance data for stage 1 and stage 2
- Customer Impairment Workbench for workflows within and between work units to ensure a close follow-up of significant deals
- Embedded Performance Data Base
- Maximum auditability through traceability to individual deal level and finest granularity of calculations
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IFRS 9 differentiates three different models of risk provisioning:
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Beside the components for segmentation and stage assignment, the following components are important for the treatment of risk provision under IFRS 9:
The blueprint for IFRS 9 impairment is composed of the following components and other blueprints:
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In order to optimise operational processes, simulations can be determined several times irrespective of the current accounting process and the month-end processing. A comprehensive audit trail and audit compliance for data and methods are available for all calculations.