IFRS9.NXT

The IFRS9.NXT solution offers an unparalleled user experience with IFRS 9 required calculations and simulations for millions of contracts being run in minutes. The solution covers the three main requirements of the IFRS 9 standard: Classification, Measurement and the computation of Expected Credit Losses (ECL).

Classification of assets is done via a rules-based or questionnaire approach providing clients with an end-to-end audit trail. Measurement includes the computation of Effective Interest Rates (EIR) and Fair Value of financial instruments. The Expected Credit Loss calculation is the main component of the solution with built-in PD/LGD/EAD curve modeling approaches for which users can trigger on the fly calculations/simulations with updated configuration, new macro-economic forecasts and/or stressed contract attributes such as ratings and interest rates.