Expected Credit Losses Assessment Service (IFRS 9)

Are you having difficulty implementing the requirements of IAS 9? (Are you seeking to enhance financial reporting transparency and compliance with the latest international standards, while effectively managing credit risk in your organization? Do you want to accurately assess expected credit losses (ECL)?

Digital Basket offers Expected Credit Losses (IFRS 9), a specialized and comprehensive service that aims to help you fully comply with the requirements of IFRS 9, identifying and measuring expected credit losses accurately and reliably. We enable companies and financial institutions to efficiently manage credit risk through the use of sophisticated actuarial models, while enhancing financial reporting transparency, ensuring full compliance with International Financial Reporting Standards (IFRS), and improving the quality of credit risk management.

What is it about Digital Basket’s ECL service that makes it the right choice for your organization?

1. A comprehensive solution for IFRS 9 compliance:

The IFRS 9 ECL Valuation Service provides you with a comprehensive solution for all IFRS 9 requirements related to the valuation of expected credit losses, ensuring comprehensive coverage of all aspects of the standard.

• Covering all aspects of the standard: We help you apply all aspects of the standard, including the classification of financial instruments into different stages (Stage 1, Stage 2 and Stage 3), the measurement of expected credit losses for each stage, and the required disclosures, ensuring a comprehensive application of the standard.
• Avoid the risk of non-compliance: The service ensures you are fully compliant with IFRS 9, avoiding any potential penalties or fines and enhancing the credibility of your financial reporting.
• Deep understanding of the standard: We help you clearly understand the requirements of the standard, enabling you to implement it with confidence.

2. Accurate identification and measurement of expected credit losses:

At Digital Basket, we use advanced tools and methodologies to identify and measure expected credit losses with high accuracy, ensuring that the results are reliable and accurate.

• Comprehensive risk assessment: We comprehensively assess the credit risk associated with your financial instruments, taking into account all relevant factors, such as the borrower’s creditworthiness, economic conditions, and the collateral provided, ensuring an accurate risk assessment.
• Reliable results: We guarantee reliable and accurate results that you can rely on for financial reporting and credit risk management decisions.
• Utilizing best practices: We use industry-recognized best practices in the valuation of expected credit losses.

3. Effective credit risk management:

IFRS 9 enables you to manage credit risk more effectively by providing accurate information about expected credit losses, helping you make informed decisions.

• Make informed decisions: Our information helps you make informed decisions about extending credit, pricing financial instruments, managing portfolios, and identifying high-risk customers.
• Improve financial performance: Effective credit risk management improves your organization’s financial performance by minimizing losses due to borrower defaults.
• Establish adequate provisions: The service helps you set sufficient provisions to cover expected credit losses.

4. Using advanced actuarial models:

We rely on sophisticated actuarial models that take into account the various factors that affect credit risk, which ensures the accuracy and reliability of the results.

• Actuarial expertise: Our team has extensive experience in applying actuarial models to financial risk assessment, ensuring that you benefit from the best expertise in the field.
• Accuracy and reliability: Sophisticated actuarial models ensure the accuracy and reliability of ECL valuation results, enhancing the quality of valuations.
• Customized models: We provide customized actuarial models that suit your specific needs and the nature of the financial instruments you are dealing with.

5. Promote financial transparency and adherence to international standards:

IFRS 9 Expected Credit Losses (ECL) helps you enhance financial reporting transparency by clearly and accurately disclosing information about expected credit losses, in accordance with the requirements of the standard.

• IFRS compliance: We ensure full compliance with the requirements of IFRS 9 and other relevant international standards, enhancing the credibility of your financial reporting.
• Strengthen stakeholder confidence: Transparent financial reporting and compliance with international standards enhances the confidence of your organization’s stakeholders, such as investors and creditors.
• Full disclosure: We help you prepare the required disclosures in accordance with IFRS 9, ensuring transparent financial reporting.

With Digital Basket’s Expected Credit Loss Assessment service, you get :

• Comprehensive and accurate assessment of expected credit losses in accordance with IFRS 9.
• Using advanced actuarial models that ensure the accuracy and reliability of the results.
• Effective credit risk management improves your financial performance.
• Enhancing financial reporting transparencyand compliance with international standards.
• Specialized technical support from a team of experts with extensive experience in IFRS 9 implementation.

Don’t risk your organization’s reputation. Book an Expected Credit Loss Assessment (Benefit from integrated solutions that ensure IFRS 9 compliance, effective credit risk management, transparent and credible financial reporting, and start implementing IFRS 9 with confidence and professionalism!