Classification

Challenges

Classification according to the strict IFRS 9 regulations

The classification of a financial asset depends on various criteria. Proper categorization in accordance with IFRS 9 requires mastering a number of challenges. Business models and portfolios, for example, must be examined for the necessity of applying the fair value approach, in order to make use of the scope for AC valuation. Classification usually takes place at portfolio level, as this often represents the bank’s management level. It is possible to aggregate several portfolios, provided this is consistent with management.

Solutions

Client-specific classification with zeb.control

  • Unique and client-specific classification of financial assets and liabilities into categories in accordance with IFRS 9
  • Simulation-based determination of the scope of the product portfolio to be recognized at fair value
  • Assessment of the contractual CF characteristics

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Related solutions: IFRS measurement, Impairment, Hedge Accounting and Posting Generation

Benefits

  • User-friendly definition of categorization rules via an intuitive graphical user interface
  • Time-saving and security through automatic detection of conflicts and inconsistencies within the categorization rules
  • Audit-proof solution including logging

References

Excerpt of our customers

Contact

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