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IFRS 9 - Expected Credit Loss

ECL Calculator is a comprehensive solution that helps banks in calculating Expected Credit Losses (ECL) in compliance with IFRS 9. The solution is flexible, configurable, and provides detailed reports to assist in impairment assessment and decision-making.

Home > Fintech > IFRS 9 - Expected Credit Loss

IFRS 9 - Expected Credit Loss

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OverviewOverview

IFRS 9 system helps banks comply with the accounting standard by providing a comprehensive platform for Impairment Assessment based on Expected Credit Losses (ECL). The system is designed to calculate ECL and track changes in asset credit quality to update ECLs for each reporting date. This enables banks to accurately determine and disclose the potential loss resulting from default events over the expected life of the financial instrument.

With a user-friendly interface, our ECL Calculator is highly flexible and can be configured to support bank-specific Probability of Default (PD) and Loss Given Default (LGD) models, staging criteria, and other parameters. The solution also allows users to drill down reports till the account level, enabling them to identify higher ECLs for in-depth analysis. Additionally, the system provides consolidated and currency-wise reports and transition dashboards, offering a comprehensive view of the bank's credit risk profile.