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With Collective/Group-Level Expected Credit Losses, also called collective-level ECL or 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. Collective/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.
For detailed information, see Manage Collective-Level ECL for IFRS and Manage Collective-Level ECL for US GAAP.
About Asset-Level Expected Credit Losses
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