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IFRS Assistant

A web based application to automate calculations of IFRS 9, for retail assets.

Challenge

Make risk assessment of retail loans more affordable for SMEs, while following IFRS 9 guidelines.Reduce dependency of finance consultants on analysts to calculate risk of retail loans.

Solution

Build a tool where anyone can upload data and click a few buttons. Rest all the calculations will be done automatically. The report can be downloaded as pdf.

case-details

Link to code repository

The app takes data in form of csv then asks the user to map the columns. Then the app generates a basic portfolio graph. Then the user is asked to select the country and click a button to fetch macro-economic data from IMF. Forecasting is done on the data and then survival model applied to understand the risk of failure for up to next 5 years. Then some parameters are asked fro the user to simulate resell values of the asset or collateral. The monte-carlo simulation provides estimated credit loss for the next 5 years (and current as well). A detail distribution of the estimated credit loss is also shown upon selecting the relevant year. Finally, the report can be downloaded as pdf, after entering the author name.