Support Downloaded EIR
This enhancement introduces the ability to use externally downloaded Effective Interest Rates (EIR) within the system.
Users can now input externally calculated EIR values directly into the stage tables. When provided, these externally supplied rates take precedence over the EIR calculated by the IFRS9SCS system. This feature is particularly useful in cases where users do not have the granular data required by the system to perform an internal EIR calculation.
This enhancement allows users to reuse existing EIR values for amortization and ECL calculations, improving flexibility and ensuring consistency across systems.
Steps to Enable
You don't need to do anything to enable this feature.
Key Resources
- For information to arrive at the scale of the feature, see this page.