Fintellix's Impairment solution has been designed in compliance with APS 220 – APRA’s Prudential Standard for Credit Quality. The solution helps ADIs to generate all the reporting forms corresponding to ARS 220.0, ARS 220.3, and ARS 220.5 – the reporting standards for impairment reporting. The solution helps ADIs to report outstanding balances, individual and collective provisions, values of securities held, interest/ income received, and interest / income foregone against impaired facilities.
Facilities which are 90 days past due
An entity which is subject to administration or bankruptcy proceedings
A facility where write-off has been taken
Category One, Category Two, Category Three, and Category Four facilities
Applicable provision rates for Category One, Two, Three, and Four facilities based on days past due (DPD)
Related counterparties based on cross-guarantees, common ownership/ management, controlling ability, financial interdependency etc.
Collateral Management System to track changes in fair values of securities held against impaired facilities
Credit Risk Management System to monitor trends in default rates
Cash flow Management System to monitor sources of cash flows upon which the ADI is reliant on determining future incurred or estimated future credit losses
Customized early warning drilldowns
Integration adapters to pull data from multiple source systems
Handle varied asset categories using csv uploads/ interactive user interface
Creation of extensible banking specific data mart
Handle a variety of asset classes. Provide unified view of impairments
Built-in accounting interface
Early warning alerts
Insights into potential causes for impairments
Slice and dice for impairment views along dimensions like sector, product
Pre-defined formats for hassle free regulatory reporting
Maker checker facility for review & reclassification of impairments
Embedded Edit-Check engine to
create any number of user-defined
Ability to drill-down from reported
fields to underlying accounts for
tracing errors and mismatches.
Support for data adjustments to
Ability to create user-defined table
structures to pass data adjustments
directly to the Data Hub.
Embedded Data Profiler tool to define
and validate against configurable data
In-built calendar to automate
generation of reports at pre-defined
Configurable scaling factor for
reporting financial positions and
performance as per regulatory/
Ability to generate reports in multiple
reporting formats – XLSX, CSV, XBRL,
PDF, XFDF etc.
Version controller for reporting forms
with the ability to archive and access
Review Process Flow (RPF) engine to
easily create unlimited number of
user-defined workflows with any
number of approval levels.
User Management module to create
and manage users, roles and access
System generated log files for