This document provides an overview of the IFRS 9 Project at an internal organization. It includes details on IFRS 9 such as essential data elements, data sources, the data flow architecture, and the data loading cycle. The data loading cycle loads over 900k contracts from various systems into staging tables, applies data quality rules, loads additional reference data, and then copies the final data to be used in an IFRS 9 calculation engine. Future plans are to enhance the process.

1. IFRS 9 Project
Overview
Basil Al-Faouri
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2. Content
- Introduction on International Financial ReportingStandards 9 (IFRS9)
- IFRS9 Essential Data Elements
- Contracts Details Resources
- Clients Information Resources
- Data Flow - High LevelArchitecture
- IFRS9 Data LoadingCycle
- DataQuality Handling and DataAdjustments
- Current Projects andChange Requests
- Future Plans for Enhancements
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3. Introduction
International Financial Reporting Standards 9 (IFRS 9)
• IFRS 9 is an accounting standard published by the International Accounting
Standards Board covering the measurement of financial instruments, asset
impairment and hedge accounting.
• The new standard introduces the concept of expected credit loss accounting,
requiring banks to predict the future loss of all assets at the point of origination or
purchase, and set aside provisions for these assets.
• IFRS 9 introduces three stages of impairment.
• Stage 1 assets: which have undergone no credit deterioration, must have
provisions for 12 months of expected losses.
• Stage 2 assets: where “significant deterioration” has occurred, must have lifetime
provisions.
• Stage 3 assets: which are actually impaired, must have lifetime provisions and a
reduction in expected interest payments. 3
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4. IFRS9 Essential Data Elements
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Client
Contract
Collaterals
Payment
Schedule
Fees
FX Rate
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5. IFRS9 Essential Data Elements
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Client
RB ID
Number
Name
Rating
Sector
Country
Industry
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6. IFRS9 Essential Data Elements
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Contract
Origination/
Maturity Date
ID Client
Contract
Utilization
Interest Rate
Contract
Currency
Contract Limit
Contract
Status
GL Details
Past Due
Amount and
Days
Product Type
Linked
Facility
Payment
Schedule
External
Rating
(Bonds)
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7. IFRS9 Essential Data Elements
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Collaterals
Collateral
Amount
Collateral
Type
Linked
Contract ID
Currency
Collateral
Sub Type
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8. IFRS9 Essential Data Elements
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Payment
Schedule
Payment
Date
Principle
Amount
Interest
Amount
Payment
Type
Contract ID
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9. IFRS9 Essential Data Elements
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FX Rate
Exchange Rate
Currency
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10. IFRS9 Essential Data Elements
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Fees
Amount
Type
Contract ID
Currency
Fee ID
Product Type
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11. Total of 900k Contracts
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ALGO Facilities
Details
RB Commercial Loan Houston Commercial Loan
Syndication Loans
London Commercial Loan
Credit Cards
Consumer Loans
Eximbills Deals (20 Products)
CA Overdraft
Securitized Loans
MM Assets
Investment Bond
Investment NTRS
Investment MF
Riyad Bank Bonds
London LC LG
NOSTRO Accounts
Houston LC LG
Equity
Contracts Details Resources
SYS-ALS
47.34%
ACBS
0.08%
Midas
0.30%
Cortex
42.82%
Current
Account
2.14%
Calypso
1.33%
Eximbill
4.53%
ALGO
1.25%
Flat Files
0.21%
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12. Clients Information Resources
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IFRS
Clients
Info
UCM ALGO
Internal
Ratings
External
Ratings
Moody's
Model
Segment
Industry
Code
Investment
Clients
Client
Party ID
Client
Name
Sector
Country
Legal
Form
Manual
File
Investment
External
Ratings
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13. Data Flow - High Level Architecture
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DWH
(OFDM) Execute
POPULATE_IFRS_CONTRACT_TEMP
Procedure
Manual
Files
Uploa
d Run IFRS ETLs to Gather IFRS9 input Data
from DWH and copy it in Staging tables
Execute IFRS_DSA_CONTRACT_RULES
procedure to identify and fix DQ issues
FineVare
(DSA)
Execute PORCEDURE_BDM_DSA_FIXES2
procedure
Run IFRS9
Calculator
FineVare
Application
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14. IFRS9 Data Loading Cycle
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15. 15
Run POPULATE_IFRS_CONTRACT_TEMP Procedure
to populate all Riyad Bank products instrument tables using Finance
criteria that is reconciled with GLM balances.
• Eximbills LC LG
• Credit Cards
• London Commercial Loans
• ACBS 925 Commercial Loans
• MD- Securitized Loans - Midas London (Treasury System)
• Overdraft
• Houston LGs and LCs
• MM - Midas London (Treasury System)
• Houston Loans
• Securitized Loans
• London- Letter of Guarantee
• Commercial Loans ALS
• Syndication Loans
• Bonds and Equity
Run IFRS_DSA_CONTRACT_RULES Procedure to apply DQ
rules over the IFRS staging tables within DWH
Load Manual Files:
• Eligible Products List for Impairment
• Investment Files
Run IFRS WL to avail the below required data:
• Client Info
• Collaterals
• Fees
• FX Rate
• Payment Schedule
• Events
Run the last WL for copying the final IFRS9 input data into
FineVare Data Staging DB
EDM Pre-Check Steps IMD to Run IFRS WF
Start
Required Time
1 to 2 Hours
6 Hours
IFRS9 Team to Ask BT to Run Fixes procedure within IFRS DB , Then Run IFRS9 Calculation Engine
EDM Post-Check Steps and provide IFRS GLM Reconciliation report 1 to 2 Hours
4 Hours
EDM Confirmation to trigger IFRS
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16. ً
‫شكرا‬
‫لكم‬
THANK YOU
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