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Loss identification period, loan loss provision

19 November 2009 2,384 views One Comment

Hello,
Can anyone tell me how the “loss identification period” (the period between the loss event and when the company becomes aware of it) should affect the probability of default in a collective provision model under the current IFRS standard on loan impairment?
Thanks!

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One Comment »

  • jafferyasim said:

    Kindly refer to Para 58-70 of IAS 39 dealing with different scenarios of impairment of financial assets for guidance.

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