Loss identification period, loan loss provision
19 November 2009
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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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Kindly refer to Para 58-70 of IAS 39 dealing with different scenarios of impairment of financial assets for guidance.
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