RAM Ratings launches MFRS 9 solution
By Digital News Asia January 30, 2018
- Assists users in complying with the new Malaysian Financial Reporting Standards (MFRS 9)
- Serves as an invaluable third-party benchmarking tool for users’ existing systems
RAM Ratings on Jan 29 launched a new and powerful software that automatically generates expected credit loss (ECL) calculations for fixed-income instruments.
Known as RAM MFRS 9, the solution will assist users in meeting compliance of the new Malaysian Financial Reporting Standards (MFRS 9).
The RAM MFRS 9 solution also serves as an invaluable third-party benchmarking tool for users’ existing systems.
Underscored by RAM’s extensive database and research expertise, the RAM MFRS 9 solution offers estimations on the probability of default for up to a 30-year horizon, and computes 12-month or lifetime ECL at instrument level.
“The critical ECL parameters deployed in the RAM MFRS 9 software are estimated from granular long-dated default, transition and recovery data that specifically reflect the credit cycle in Malaysia. It therefore offers the most relevant solution to investors of ringgit fixed-income instruments,” explains Julie Ng, RAM Ratings’ head of Data Analytics.
“We have also developed a powerful ECL engine that provides dynamic and comprehensive scenario analyses. This will facilitate users’ quick comprehension of portfolio credit risks, without the need to conduct complex modelling or lengthy simulations.”
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