IFRS Solutions

Vichara leverages its expertise in risk management, financial modeling and big data management to provide highly transparent regulatory solutions.

Vichara’s IFRS solutions support both structured products and loan portfolios and ensures full transparency and traceability to satisfy IFRS requirements. Our solutions provide support for:

  • Structured Products RMBS, CMBS, CLOs, CRE CDOs, ABS
  • Loans - Residential Mortgages, Commercial Mortgages & Corporate Loans

IFRS 9 – Classification, Measurement & Impairment

To comply with IFRS 9 requirements, Vichara provides:
  • Impact Assessment & Review

    Vichara helps clients determine their readiness to meet IFRS 9 requirements. We review the current processes and credit risk models, map and compare them to IFRS requirements, do a gap analysis and help clients create a road-map to accomplish the required enhancements for IFRS 9.

  • Impairment Analysis & Expected Loss Modeling

    Vichara helps analyze and implement expected loss methodology for timely measurement and recognition of asset impairment to comply with IFRS 9 requirement.

    Our solutions integrate with forward looking prepayment, default and loss models for computing expected loss, fair value (using cash flow projections) and impairment recognition (based on stage assignment). The financial assets are categorized according to credit quality (no change, deterioration and impaired) and expected losses (12 month and lifetime) are computed for timely loss recognition as per IFRS 9.

    Our solutions can integrate client proprietary models, help clients develop new models or enhance existing models. If clients choose to develop new models or enhance their existing model(s), our modeling framework provides flexibility to incorporate macroeconomic variables (such as GDP, interest rates, unemployment) and asset specific variables (such as HPI, NOI, Cap Rates) as required. The analytics engine provides impairment, credit and cash flow analytics with the ability to generate customized reports as required. Additionally, historical as well as projected analytics are tracked for comparison and audit purposes.