This section introduces some general concepts and terminology used with Expected Credit Losses (ECL).
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Collective-Level Expected Credit Losses
WRITERS NOTE: REVISED
With GroupCollective-Level Expected Credit Losses, also called group-level ECL, 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. GroupCollective-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.
For detailed information, see Manage Group-Level Expected Credit Losses for IFRS and Manage Group-Level Expected Credit Losses for US GAAP.
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