
Loxon’s IFRS 9 engine automates loan loss provisioning with full compliance, data control, and customizable risk models.
Vendor
Loxon Solutions
Company Website
Making IFRS implementation easier. Run and grow your business!
Provisioning standards have been significantly improved in the previous years, requiring enormous resources from the Banks to comply with the regulatory and internal requirements. The Loxon IFRS 9 Calculation Engine is a system providing a comprehensive solution for automatic calculation of Loan Loss Provisions based on IFRS 9 regulations and country specific rules.
Why Loxon IFRS 9
- ensuring the use of internationally standardized methodologies and regulation reflecting IFRS 9 requirements
- support of different provisioning processes according to business segments
- a flexible enough system, that allows to freely modify the existing algorithms or their incoming dataset
- full support of IFRS 9-based accounting classification and measurement calculation
Uniqueness of the IFRS 9 engine The system automates data collection, accounting classification and measurement, portfolio building, classification, PD/LGD calculations, provision calculation and reporting in order to reduce redundant work, standardize provisioning process, increase internal controls and maximize data quality and calculation reliability.
Features
- Automated Provisioning: Calculates expected credit losses (ECL) using customizable PD, LGD, and EAD models.
- Full IFRS 9 Compliance: Supports SPPI tests, staging (1-2-3), and classification per IFRS 9 standards.
- Flexible Model Management: Modify algorithms and input datasets to match internal policies or local rules.
- Integrated Reporting: Generates audit-ready reports for internal and regulatory use.
- Cross-Departmental Integration: Connects risk, accounting, and IT systems for seamless data flow.