An expected credit loss IFRS 9 modular solution

The International Accounting Standards Board (IASB’s) IFRS 9 standard, replaces IAS 39, and addresses classification and measurement, impairment, and hedge accounting for financial instruments.

OneSumX IFRS 9 supports banks in implementing the full International Financial Reporting Standard 9 (IFRS 9). This solution provides a solid framework to capture and store all relevant contractual information. It helps manage events and transactions, IFRS calculations, accounting generation, processing and the delivery of the disclosures.

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End-to-end treatment of expected credit loss (ECL)

Going from classification, stage assessment, and measurement of ECL to the accounting treatment and IFRS disclosure requirements.
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Gain a competitive advantage

Ensures compliance now and for years to come with a sustainable, fully integrated finance and risk solution.
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Save time

A solution with a modular design that allows banks to make the most of available resources to implement IFRS 9 within the agreed timeline and budget.

OneSumX IFRS 9 solution features

OneSumX IFRS 9 combines lifecycle information on each individual financial instrument with a comprehensive set of IFRS 9 calculators. The resulting numbers are recorded in a transparent, traceable, and auditable contract-level IFRS subledger.

The solution ensures global IFRS 9 compliance while accommodating local deviations. It’s backed by a robust data management framework that captures and stores relevant contractual information, manages events and transactions, processes and stores IFRS calculations, generates accounting entries, and delivers comprehensive process for IFRS disclosures.

  • Classification and measurement

    • Pre-defined IFRS 9 classification business rules and a complete set of IFRS 9 compliant accounting schemes
    • An amortized cost-calculation engine with built-in support for debt restructuring, below-market loans and a wide variety of product lifetime events
    • Fair value measurement techniques
    • Support for storing and reporting on the Fair Value Hierarchies (IFRS 13)
    • A complete set of IFRS 9 compliant accounting schemes

  • Impairment and expected credit loss (ECL) model

    • Accounting schemes that include the logic for the expected credit losses over the full instrument's lifecycle
    • Develop and build an ECL model that needs to be run in multiple scenarios
    • Support for calculation and subsequent accounting processing of credit-adjusted effective interest rate (EIR), amortized cost and effective interest for purchased or originated credit-impaired instruments
    • Apply expected credit loss calculators which can work with expert judgment or macroeconomic scenarios
    • Track movements between any of the three stages on a portfolio and individual level
    • Effectively manage disclosures under IFRS 7 and IFRS 9

  • Hedge accounting (IFRS 9 and IAS 39 options

    Hedge accounting can be addressed using either IAS 39 or IFRS 9 principles, and our flexible solution enables both methods. If the IAS 39 option is selected, the following features will be available for your team to leverage:
    • Hedge designation and documentation
    • Hedged risk valuations (both delta and full), including amortizations
    • Hedge effectiveness calculation, for example, linear regression
    • Accounting adjustment calculators

  • Disclosures requirements

    • Supports all IFRS 9 regulatory disclosures, including IFRS reporting templates under EBA's FINREP, COREP, and the bank's financial statements under IFRS.
    • Combines the lifecycle information on each individual financial instrument with a transparent and auditable contract level IFRS subledger and powerful reporting tools
    • Full compliance with IFRS 9 and other IFRS disclosures
    • Full transparency and traceability that satisfy internal and external audit needs.
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Break free from IFRS 9 workarounds
Future-proof IFRS 9 compliance for banks. Learn to automate workflows, streamline reporting, and ensure operational efficiency with our expert toolkit.
IFRS 9 Toolkit
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Is your IFRS 9 ECL solution up to standard?
Optimize your IFRS 9 ECL solution. Validate data accuracy, governance, and flexibility with our comprehensive healthcheck. Stay compliant with IFRS 9 for banks while managing credit risk effectively.
IFRS 9 Healthcheck
GHB Customer Testimonial

IFRS 9 customer testimonial

Here’s how OneSumX IFRS 9 helped optimize Thailand’s Government Housing Bank’s financial data management.
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