This section introduces some general concepts and terminology used with Expected Credit Losses (ECL).
About Group-Level Expected Credit Losses
WRITERS NOTE: REVISED
With Group-Level Expected Credit Losses, Eagle’s accounting solution can support Expected Credit Losses grouping functionality for either IFRS or US GAAP accounting bases. Expected Credit Losses grouping functionality involves the creation of a dummy asset using the processing security type, ECLGRP, which represents a group of assets/individual securities held by a portfolio for which expected credit losses exist. Group-level ECL provides a way for an entity to account for expected credit losses within its portfolio without having to book those expected losses to securities actually held by the entity - at the lot level.
...