Our Solutions

i9 Partners provide a comprehensive IFRS 9 solution on all financial asset classes on the balance sheet, with a specific focus area on Financial Institutions and their loan books.

For financial institutions, compliance with IFRS 9 is a strategic issue as well as a compliance one. The information required for ECL calculations is directly related to risk management information that your risk committees, shareholders, regulators and auditors will expect you to have. Beyond our dependable and defendable calculations for statutory purposes, subscriptions to our ECL toolkit and decision support system will provide you with deep insights into your book and enable ongoing business enhancement.

Where you already have an internal risk grading system, we will provide the IFRS 9 ECL add-on. Where you do not, we will provide either one or more off-the-shelf models or adapt them to your needs. We will also provide validated macroeconomic variables, both historic and forecast scenarios, as is required by IFRS 9.

Your auditor cannot help you with ECL calculations.

The value-add to this process is material for Financial Institutions. Now that the work has been done for IFRS compliance, the ECL calculations provide significant information that can improve risk management, collection strategy, pricing and product development. The starting point is quantification of probability of default and loss given default, and linking this to your risk grading systems. Their benefits however, run far deeper than supporting risk management. It can support revolutionising pricing models by linking to return on capital. Product development and cross selling opportunities are enhanced with accurate risk information. Collection strategies can be adjusted to prevent default and where there is default to ensure maximum return on efforts. These are just a few insights to the type of analytical information that can turn IFRS 9 compliance into a net benefit rather than compliance cost.

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We have developed specific solutions for certain industries. These solutions are either based on unique requirements for ECL calculation or value-adding analytics. The list of specialised solutions is evolving and currently includes the following:

• Property Companies and REITS
• Universities
• Microlenders

 

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