Loxon IFRS Provision Calculation Engine
A comprehensive solution for automatic calculation of impairment, Expected Credit Loss as per IFRS 9 regulations and country specifics, and the related risk (PD, LGD, etc.) and accounting (amortised cost, fair value, effective interest rate) figures.
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Features
Full coverage of IFRS9 for conventional and Islamic banks
Covering the full IFRS9 accounting area, including SPPI test, IFRS 9 measurement & classification (Amortized cost, FVTPL, FVTOCI), Effective interest/profit rate (EIR/EPR), Amortized cost and Fair value calculation under IASB, AAOIFI and country regulations
Full coverage of IFRS 9 risk & provision requirements
Covering the full IFRS9 area, including IFRS 9 stage classification, 12-month and lifetime PD and LGD calculation, macroeconomic adjustment, provision calculation on single entity and on consolidated basis compliant with IASB, AAOIFI and country regulations
Comprehensive data management, reporting, disclosures
Comprehensive data management with end-to-end visualization. Wide range of reporting coverage, including built-in management, drill-down and analytical reports, trend analysis, IFRS 9 movement reports and coverage for IFRS 7 and IFRS 9 disclosures
Benefits
Perfect insight into the logic of the system and not a black box
Experience in risk management, IFRS implementations in EMEA
Calculate impairment using standard IFRS methodologies
Full control over your impairment calculation processes
Execute forecasts and simulations
Optimize Expected Credit Loss with state of the art methods
Reconcile all data with GL on granular and aggregate levels
