OneSumX IFRS 9 offers a solid framework combining lifecycle information on each individual financial instrument with a comprehensive set of IFRS 9 calculators. The resulting numbers are
recorded in a transparent, traceable, and auditable contract level IFRS subledger. The solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting tools. These features are supported by a data management framework that can capture and store relevant contractual information, manage events and transactions, store IFRS calculations, generate accounting, and process up to the delivery of the disclosures.
Breaking down IFRS 9 Implementation
The main features and
capabilities that institutions
should look for in identifying
a solution that can support
their IFRS 9-related needs,
not only during the initial
stages of adoption, but also
well into the future.
OneSumX IFRS 9 provides support with classification and measurement.
Pre-defined IFRS 9 classification business rules and a complete set of IFRS 9 compliant accounting schemes
An amortized cost-calculation engine with built-in support for debt restructuring, below-market loans and a wide variety of product lifetime events
Fair value measurement techniques
For impairment and expected credit loss (ECL) model support, the solution helps your team to:
Develop and build an ECL model that needs to be run in multiple scenarios
Apply expected credit loss calculators which can work with expert judgment or macroeconomic scenarios
Track movements between any of the three stages on a portfolio and individual level
Effectively manage disclosures under IFRS 7 and IFRS 9
The hedge accounting element of the regulation can be addressed using either IAS 39 or IFRS 9 principles, and our flexible solution enables both methods.
If the IAS 39 option is selected, the following features will be available for your team to leverage:
Hedge designation
Hedged risk calculations (both delta and full)
Hedge effectiveness calculation
Accounting adjustment calculators
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