What is Platform X - IFRS 9?
Comprehensive coverage of IFRS 9 requirements encompassing computation of Expected Credit Losses, Classification and Measurement of Financial instruments, GL Recon and accounting treatment for ECL. Platform X is a comprehensive solution providing various methodologies for computation of ECL components, their forecasting and stress testing.
Comprehensive
Solution
Find suitable ECL approach for every portfolio type. Leverage upon the flexibity to construct Stage Assessment rules on the go.
Perform Classification & Measurement of financial instruments with the ability of GL Recon.
Pre-configured
Methodologies
A comprehensive suite of all the plausible methodologies for computation of ECL and its components (PD, LGD, EAD etc.), pre-configured in a unified platform, reducing the implementation time.
Manage model reconfiguration, process changes and user roles, interactively.
Forecasting and
Stress Testing
Compute forward-looking PDs including PD scenarios, using macro-economic parameters, across various PD methodologies.
Generate EAD forecasts taking into consideration CCF and prepayment factors. Configure macro-economic overlays for the base and stress scenarios.
Enhanced
Flexibility
Flexible data model, which allows the users to add new data, attributes easily without any restrictions on the upload file structure.
Flexibility to choose independently from an array of approaches, along with the ability to customize and override, from the front end.
Attribution
Analysis
Ability to perform variance analysis not just across time but also across different methodologies, model versions and scenarios.
The comparative analysis results preserved to provide critical insights to executive management.
Reporting
Leverage upon the preconfigured reports with deep drill-downs for reconciliation, along with variance and attribution analysis, through advanced visualization.
Take advantage of the explanation of variances without any additional manual work.
