ICS BANKS® Classification & Provisioning is a fully parameterized system designed to streamline and automate critical financial processes for banks and financial institutions. It intelligently classifies credit facilities automatically, adhering to predefined central bank rules and regulatory requirements. Following classification, the system proceeds to automatically calculate the necessary provision amounts based on the determined classification type and the specific provisioning percentages defined for each provision type. This ensures accuracy, consistency, and compliance in managing credit risk and financial reporting. As a core component of the broader ICS BANKS® suite, this solution leverages innovative technologies to deliver a dynamic, secure, and agile platform, enabling financial entities to enhance their offerings and maintain business continuity while adapting to evolving market trends.

Features & Benefits

• Automated Credit Facility Management
  • Automatically classifies credit facilities and calculates provisions based on predefined central bank rules and provisioning percentages.
  • Calculating stop payment date
  • Classification types: performing and non-performing credit facilities
  • Calculating accepted net collateral amount
  • Calculating provision amount
• Comprehensive Reporting & Insights
  • Provides a wide array of detailed reports for transparency, auditability, and informed decision-making regarding provisions and classifications.
  • Calculated Provision Amounts Information
  • Detailed Provision & Classification Information
  • Calculated Provision Detailed Information
  • Loans Structuring Information
  • Loans Rescheduling Information
  • Calculated Provision Amounts History Rep
  • Provision & Classification History Information
  • Calculated Provision Information History
  • Detailed Overdraft Accounts Information
  • Not Approved Non-Performing Accounts
  • Provision & Classification Parameters
  • Watch List Classification Conditions
  • Provision Types Parameters Information
  • Under Liquidation
  • Cash Margins Accounts Information