Simple off-the-shelf solution for (Current) Expected Credit Loss calculation and analysis
IFRiSk 9 / CECL Calculator
IFRiSk 9 / CECL Calculator – instant access to flexible (Current) Expected Credit Loss calculation
The PwC IFRiSk 9 / CECL Calculator has been developed to support financial institutions with the (Current) Expected Credit Loss calculation. A powerful engine together with a simple interface enables users to quickly evaluate and compare expected loss under different scenarios.
IFRiSk 9 / CECL Calculator enables
- small and medium sized financial institutions to perform ECL / CECL calculations for regular reporting purposes;
- business users to perform ad hoc ECL / CECL analyses and stress-testing exercises;
- internal or external audits to challenge and verify the results produced by a solution already in place.
Our approach
IFRiSk 9 / CECL Calculator operates as a calculation engine that loads in the required parameters for all ECL / CECL components, i.e., PD, LGD, EAD, macro-economic forecasts and a portfolio snapshot at the reporting date and computes the resulting expected losses for each account.
Quick deployment
PwC provides Calculator as a service accessible on the PwC-managed cloud. Or it can be deployed in your environment.
Scenario analysis
Fast calculation engine also makes Calculator a great tool for various scenario analyses and quick impact calculations.
Easy access
Application is easily accessible via a web browser without the need for any installations by end-users.
Flexible calculation
Thanks to general inputs, Calculator can handle most of the common ECL / CECL methodologies as it is.
Calculation workflow
- Regular user and admin user roles available.
- User management is fully in the client’s hands.
- Every client is provided with their own copy of Calculator with a separate database and allocated resources.
- Calculations can be freely organized into “projects”.
- The project usually groups similar calculations for different reporting dates or other types of related calculations.
- When a new calculation is created and input data uploaded, the validation step can be executed.
- Over hundred validation checks are evaluated in a few seconds.
- In case the input data doesn’t pass validation, the user can replace incorrect files and rerun the validation process.
- Result dashboard shows a comparison with selected previous calculations.
- Detailed results can be downloaded as CSV.
- Breakdown of change in CECL on the loan level can be generated and downloaded.
Fast calculation
IFRiSk 9 / CECL Calculator harnesses the power of a complex system of ETLs and advanced calculations. Results of the computations are obtained in a straightforward manner and an intuitive process has been designed to make the IFRiSk 9 / CECL Calculator easy to use and understand.
Contact us:
CZ_IFRiSk9_Calculator@pwc.com, CZ_CECL_Calculator@pwc.com
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