Comply with IFRSImplement IFRS 9 with ready-to-use framework for Expected Credit Loss (ECL) model components.
IFRS 9, as an International Financial Reporting Standard (IFRS) to replace IAS 39, addresses the issue of incurred loss model. The introduction of new requirements for expected credit loss (ECL) modelling poses a significant challenge.
Our IFRS 9 solution, NtEdge™ Credit Parameter Estimation and Expected Credit Loss, estimates necessary parameters for ECL model components (e.g., lifetime probability of default term structure, 12-month and lifetime expected credit loss). The modules incorporate ready-to-use, parallel and comparable modelling frameworks to provide comprehensive insights of model risk. Additionally, the solution’s flexibility and extendibility allows a seamless integration and full automation.