2 Getting Started with IFRS 9 Solution Cloud Service

Oracle Financial Services IFRS 9 Solution Cloud Service (IFRS9SCS) helps financial services institutions to address the IFRS 9 requirements i.e., Classification and Measurement, Impairment, and Hedge Accounting. The service supports accounting adjustments which include but are not limited to effective interest rate (EIR), two amortization methodologies: effective yield method and straight-line method, etc. The service also supports IFRS 9 Stage Determination, IFRS 9 Stage Curing, and Account Classification. The service supports out-of-box Expected Credit Loss methods. The service supports various reports which are used for multiple regulatory and non-regulatory purposes.

Key Benefits:

• Accounting Adjustments Calculation
• Develop portfolio-specific rules for Stage Determination and Stage Curing
• Develop portfolio-specific rules for Account Classification
• Workflow management process supported for override of account stage and account classification.
• Cash Flow generation is supported with the Cash Flow Edit and Process to verify the accuracy and completeness of the Instrument Table Data.
• Amortization process selection at multi-dimension level
• Expected Credit Loss calculation.
• Interpolation and Extrapolation of PD, LGD, and CCF term structures.
• Dependencies are tracked for the concerned object being referred to in another child object.
• Data quality can be maintained with the Data Quality Framework
• Data Maintenance Interface available to design data entry forms to view and edit data in database tables.
• Slice and dice data with user-customizable analytical reports