25 Staging and Account Classification Process
This module discusses the procedure for creating and executing the Staging
and Account Classification Process. While creating this process, the user needs to
select the modelling set. Based on the modelling set selection Rating Mapping Rule,
Stage Determination Rule, Stage Curing Rule and Account Classification Rule will be
available for the selection. Users can define Account Classification Rule at the process
level. The user can define Rating Mapping Rule, Stage Determination Rule, and Stage
Curing Rule at the product, and customer type level and the User can do further
customization based on the dimensions which are inherited from the modelling set. Below
are the key points for this process:
- POCI accounts are filtered out from the Stage Determination and Stage Curing. Once the account is identified as POCI then it is always POCI for the life of the account.
- POCI accounts don't have any IFRS 9 Stages.
- At the stage table level, if any account is tagged with the POCI flag and IFRS 9 stage then the system will continue with only POCI Flag, the IFRS9 stage won’t get carried forward.
- At the stage table level, if any account is tagged with particular IFRS 9 stages, then the system won’t recalculate the stage determination and stage Curing. For such accounts, the final stage will be assigned as per the stage table-level data. This IFRS 9 stage can be changed with the Override screen feature.
- At the stage table level if account classification is null then those accounts get considered for account classification.