An expected credit loss IFRS 9 modular solution

The International Accounting Standards Board (IASB’s) IFRS 9 standard, replaces IAS 39, and addresses classification and measurement, impairment and hedge accounting.

OneSumX IFRS 9 supports you with the implementation of the full International Financial Reporting Standard 9 (IFRS 9). This solution provides you with a solid framework to capture and store all relevant contractual information. It helps to manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.

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End-to-end treatment of expected credit loss (ECL)

Going from classification, stage assessment, and measurement of ECL to the accounting treatment and IFRS disclosure requirements.
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Gain a competitive advantage

Ensures compliance now, but also for years to come with a sustainable, fully integrated strategic solution, capable of holding in all conditions.
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Save time

A solution with a modular design that allows you to make the most of your resources as you work to implement IFRS 9 in the agreed timeline and within your budget.
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IFRS 9 customer testimonial

Here’s how OneSumX IFRS 9 helped optimize Thailand’s Government Housing Bank’s financial data management.

Download our IFRS 9 eBook

Download our IFRS 9 eBook that covers common challenges for banks, key considerations when finding a solution, a checklist, and a case study example of successful implementation. Plus, discover how enhancing your system performance can lead to reduced costs and an increase in resources for business-critical activities.
Download IFRS 9 ebook
Download IFRS 9 eBook

OneSumX IFRS 9 features

Our IFRS 9 functionality is part of our comprehensive and modular OneSumX IFRS solution. It combines 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 IFRS disclosures.

  • Classification and measurement

    • Pre-defined IFRS 9 classification business rules and a complete set of IFRS 9 compliant accounting schemes
    • A 'cash-flow' test to assess eligibility to measurement at amortized cost
    • 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
    • Support for storing and reporting on the Fair Value Hierarchies (IFRS 13)
    • A complete set of IFRS 9 compliant accounting schemes

  • Impairment and expected credit loss (ECL) model

    • Accounting schemes that include the logic for the expected credit losses over the full instrument's lifecycle
    • Develop and build an ECL model that needs to be run in multiple scenarios
    • Support for calculation and subsequent accounting processing of credit-adjusted effective interest rate (EIR), amortized cost and effective interest for purchased or originated credit-impaired instruments
    • 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

  • Hedge accounting with IAS 39 option

    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 and documentation
    • Hedged risk calculations (both delta and full)
    • Hedge effectiveness calculation
    • Accounting adjustment calculators

  • Disclosures requirements

    • Supports IFRS regulatory disclosures for local supervisors across the globe, including IFRS reporting templates such as Europe’s FINREP, asset encumbrance, COREP, and your financial statements under IFRS.
    • Combines the lifecycle information on each individual financial instrument with a transparent and auditable contract level IFRS subledger and powerful reporting tools
    • Full compliance with IFRS 9 and other IFRS disclosures
    • Full transparency and traceability that fully satisfies internal and external audit needs.

Expert insights and related solutions

Downloads
Browse all OneSumX FRR downloads

OneSumx for Finance Overview Brochure
OneSumX for Finance Overview

IFRS9 Solution Primer
IFRS 9 Solution Primer

IFRS9 ECL Impairment Product Sheet
IFRS 9: ECL Impairment Product Sheet

IFRS 9 Buyers Guide
IFRS 9 Buyers Guide

Request more information about OneSumX IFRS 9

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