Approve or Reject Reserve Factor Segment Mapping

You can approve or reject an existing Reserve Factor Segment Mapping, which is pending approval. Only a user with Approver privileges can approve or reject a mapping. Only those users who are mapped to the LLFP Admin User Group can Approve or Reject a Reserve Factor Segment Mapping. A mapping that is created by a user cannot be approved by the same user even if the user has approver privileges.
Perform the following steps to approve or reject a Reserve Factor Segment Mapping:
  1. In the Reserve Factor Segment Mapping table, select the checkbox adjacent to the Reserve Factor Segment Mapping that you want to approve or reject.
  2. Click Approve or Reject to open the Reserve Factor Mapping window.
  3. Populate the Reserve Factor Mapping form as tabulated.

    Table 18-3 The Reserve Factor Mapping form

    Field Description

    Run Selection and Trial Adjustments

    This allows you to perform a what-if analysis that helps you understand the change in ECL, based on the adjustment values that have been given for a factor before you send it for approval.

    Select a CECL Run Select the active and executed CECL runs from the drop-down list.
    FIC MIS Date Select the MIS date from the drop-down list. This list displays only those dates which on which the CECL Run is available.
    Select a Run Select a Run from the drop-down list.
  4. Select the checkboxes adjacent to the Factors that you want to Approve or Reject.

    Note:

    Remarks are mandatory for factors that are being approved or rejected.
  5. Click Approve or Reject.
    If you clicked Approve, then the selected Factors are finalized.
    If you select Reject, then you can redo the mapping process and send it for approval again.