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The solution expects the delivery of the following information: Contractual data: The financial leasing contract is to be delivered similar to an annuity loan to the solution. This entails information such as:
Customer data The lessee is delivered as customer. Market data Depending on the currency and agreed interest, currency rates and interest rate structure curves need to be provided to the solution. |
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Based on the information provided, the solution generates / calculates:
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The solution covers for finance lease the entire process chain which is necessary to calculated probability weighted expected credit losses (pwECL). This includes Generation of the estimated cashflow plan and derivation of the Interest rate implicit in the lease which is in further process steps used as discount factor
From this point of view for financial leasing contracts the IFRS process chain is applied similar to loan contracts. |