Get Expected Credit Loss

Filling out the Expected Credit Loss (ECL) form is essential for accurately reporting expected credit losses on financial instruments as per IFRS 9. This guide will help you navigate each section of the form with clarity and confidence.

Follow the steps to complete the Expected Credit Loss form online.

1. Click ‘Get Form’ button to access the Expected Credit Loss form and open it in your preferred online editor.
2. Identify the financial instruments you are reporting. Classify each instrument into the appropriate category based on its credit risk status as of the reporting date: Stage 1, Stage 2, or Stage 3.
3. For each instrument in Stage 1, calculate the 12-month expected credit losses (ECL). Enter the amount directly in the respective field on the form.
4. For instruments categorized in Stage 2, assess whether there has been a significant increase in credit risk since initial recognition. If so, calculate the lifetime ECL and input that figure in the designated section.
5. For Stage 3 instruments, confirm that you have objective evidence of impairment. Record the lifetime ECL that reflects expected losses for these credit-impaired assets.
6. Review all entries to ensure accuracy. Once you have filled in all parts of the form, you can save changes, download, print, or share the final document as needed.

Complete the Expected Credit Loss form online now for precise financial reporting.