Find out how you can achieve compliance with IFRS 9 and CECL using our Corona ECL solution. Corona ECL comes with structured workflows, clear audit trails and flexible ECL calculation functionality. Our solution ensures speed, performance and scalability.
Corona ECL includes various methodologies for the calculation of probabilities of default and other expected loss components. You can easily select an approach per asset class.
The modular nature of Corona ECL allows you to mix and match components – you can always leverage your existing models and only use components when you need them.
Corona ECL comes with extensive documentation that provides a full audit trail of the methodology and calculations. Test evidence is available upon request.
Whether you have a fixed data format or many different files, Corona can handle it all. You can configure automated data checks and corrections, all of which are logged in the system.
Corona ECL is the result of years of experience in credit risk management, stress testing and financial reporting. Our models are based on best market practices for credit risk modeling.
You can develop custom calculation routines yourself using our software development kit. Our platform is also able to connect to other web APIs to leverage the results of your existing infrastructure.
Because of our confidence in our platform, you pay no license fees until our platform is fully implemented and capable of generating production figures.
Implementation fees are only due after the successful realization of milestones. This way, you only pay for results.
Becoming compliant with CECL or IFRS 9 can be a daunting task. Zanders has extensive experience with ECL projects, so do not hesitate to contact us if you require support.
Interested in seeing what Corona ECL could mean for your financial reporting process? Feel free to contact us using the form below.