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For more information on collateral, see the section Collateral.
"Recoveries" can be delivered to FlexFinance Jabatix or alternatively entered and maintained in the "Customer Impairment Workbench".
You can define in the processing setup whether the initial assignment of a significant financial asset to level 3
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For details on the Customer Impairment Workbench, see "Customer Impairment Workbench".
In the case of fully automatic handling of specific risk provisioning:
a) Once objective evidence of impairment has been identified in the stage assignment, expected recovery cash flows are generated on the basis of the static data of collateral.
(b) Where no individual information has been recorded, the maturity of a recovery cash flow shall be based on the time to liquidation configured for the collateral.
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