IFRS 9 solution

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Overview

AxiomSL’s solution for International Financial Reporting Standard 9 (IFRS 9) addresses all key aspects of the Standard, from classification and measurement of assets and liabilities to impairments. Clients have the option of using their own models or models developed by AxiomSL; all of them can be plugged onto AxiomSL’s Data Integration platform to calculate Expected Credit Losses (ECL) at all required levels.

Key Features

  • Provides comprehensive traceability/lineage on how the data flows upstream and downstream
  • Interfaces with clients' data structure and workflow process without any data conversion
  • Streamlines and automates reporting processes
  • Automates complex workflow process enabling users to review results and enhance accuracy
  • Allows users to drilldown to the source

Key Benefits

  • A single platform that can be used to integrate whole or part of anend-to-end ifrs 9 solution
  • A platform that embeds naturally regulatory requirementssuch as bcbs 239
  • Seamless aggregation of multiple data sources from risk, finance,alm and economics
  • Automation of the classification and measurement of assetsand liabilities
  • ECL calculations at both transactions and portfolio levels
  • Scenario testing
  • Ongoing monitoringof changes
  • Ability to drill downany result producedat any time

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