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Summary

This deal is imported as loan and processed in IFRS as financial asset with accounting category “Amortised Cost”. In consequence the deal is booked on the basis of amortised cost in financial statements.

Data Requirements

To fulfill IFRS processing, basis data requirements for this deal was provided:

• Contractual agreement: for this deal, deal data can be found at Consumer loan with annuity (001-FK_LN-A-Consumer-Annuity)
• Actual payments: real payments were delivered for this deal.
• Specific deal events: there is no specific deal event for this deal.
• Customer data: for this deal, rating would not be required based on parameterization.  Other customer information was delivered as part of customer data.
• Optionally, payment behavior: for this deal, no payment behavior was delivered.

Cash Flow Plan

For this deal, cash flow plan was generated based on contractual agreement, no prepayment behavior was considered.

Accounting category

Based on:

• deal data (imported as loan) and
• setup of determination of accounting category, this deal is assigned with accounting category “Amortised Cost”.

Valuation

Standard IFRS valuation was applied to this deal, including calculation of following ratios, including Effective Interest Rate (EIR), Amortised Cost and Fair Value based on Discount Cashflow Method.. 

Expected Credit Loss (ECL)

In the context of ECL, the deal would be processed in several components/steps.

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- Based on configuration at segment “IFRS9CI LOAN RETAIL”, external PD and LGD value (expert value) was applied. Same external PD and LGD value were provided for different economic scenario.

Financial Accounting

Based on pre-defined accounting logic and chart of accounts, accounting entries were generated for this loan, using valuation results and provided data and customer data.

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Reporting

All valuation and accounting results as well as delivered deal data and customer data are available in Data Marts. 

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