Comprehensive Coverage of ARS 220.0, 220.3 and 220.5
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.
The embedded business rules engine can be used to create product-specific business rules to identify
Facilities which are 90 days past due
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An entity which is subject to administration or bankruptcy proceedings
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A facility where write-off has been taken
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Restructured facilities
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Category One, Category Two, Category Three, and Category Four facilities
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Applicable provision rates for Category One, Two, Three, and Four facilities based on days past due (DPD)
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Related counterparties based on cross-guarantees, common ownership/ management, controlling ability, financial interdependency etc.
The solution can be integrated with other source systems such as
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Collateral Management System to track changes in fair values of securities held against impaired facilities
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Credit Risk Management System to monitor trends in default rates
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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
3 Steps Approach - Prepare, Process, Present
Preparation
Monitor
Customized early warning drilldowns
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Integration adapters to pull data from multiple source systems
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Handle varied asset categories using csv uploads/ interactive user interface
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Creation of extensible banking specific data mart
Processing
Automate Impairment Computation
Handle a variety of asset classes. Provide unified view of impairments
Provision
Built-in accounting interface
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Data enrichment
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Provisioning post
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Early warning alerts
Presentation
Meet Regulatory Requirements
Impairment Reporting
Multi-Dimensional Analyses
Insights into potential causes for impairments
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Slice and dice for impairment views along dimensions like sector, product
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Pre-defined formats for hassle free regulatory reporting
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Maker checker facility for review & reclassification of impairments
Highlights of the Solution
Edit-Check Engine
Embedded Edit-Check engine to
create any number of user-defined
validation rules.
Data Lineage
Ability to drill-down from reported
fields to underlying accounts for
tracing errors and mismatches.
Data Adjustments
Support for data adjustments to
reported fields.
Create Structures
Ability to create user-defined table
structures to pass data adjustments
directly to the Data Hub.
Data Quality
Embedded Data Profiler tool to define
and validate against configurable data
quality thresholds.
Calendar
In-built calendar to automate
generation of reports at pre-defined
frequencies.
Metric Scaling
Configurable scaling factor for
reporting financial positions and
performance as per regulatory/
business requirements
Multi-format Reports
Ability to generate reports in multiple
reporting formats – XLSX, CSV, XBRL,
PDF, XFDF etc.
Version Control
Version controller for reporting forms
with the ability to archive and access
older versions.
Review Process Flow
Review Process Flow (RPF) engine to
easily create unlimited number of
user-defined workflows with any
number of approval levels.
Profile Management
User Management module to create
and manage users, roles and access
controls.
Audit Trail
System generated log files for
Audit Trail.
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