- Streamlined IFRS9 impairment calculations across stages 1, 2, and 3
- Accurate determination of lifetime PD at origination and reporting date
- Flexible configuration with a comprehensive suite of market-standard IFRS9 models
- Seamless integration of custom models without compromising performance
- Rule-based engine enabling flexible discrete decisions, such as stage transfer
- Incorporation of economic forecasts for forward-looking stage transfer and ECL calculations
- Overruling of data inputs when needed
- Ongoing development for integration of in-house economic capital calculations
- Extension for static stress testing, scenario, and sensitivity analysis
Number Crunching:
Credo's Features: Number Crunching, Finance, UX and IT
Finance:
- Unified environment for coherent computation of IFRS9 and local GAAP credit impairments
- Management overlay for precise adjustments in staging and impairment results
- Formal sign-off process for validation of staging and impairment results before final booking
- Standard output interface via booking engine with event and inventory messages
- Calculation of quantitative disclosure (analysis of variance – FINREP 12 and IFRS 7 § 35H)
- Comprehensive auditability including user intervention logging and detailed individual impairment calculation analysis
- Capability to manage multiple consolidation levels (available upon request)
User Experience:
- Intuitive graphical user interface with context-sensitive documentation
- Customizable workspaces for different user groups (available upon request)
- Dashboarding solution enabling data visualization and analysis within the software
- Export options for further processing calculation results using BI and data science tools
IT:
- Scalable SAAS solution hosted in the Cloud
- Well-documented standard data interfaces for seamless integration
- Secure role-based access through existing central authentication providers (e.g., Active Directory)
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