Stress Test Data Framework Dictionary 2021: Version 02

IFRS9stagemigrationsT1secured

Enumeration Definition
In possession Indicates when the security underlying the amount owing in arrears has been taken into possession of the lender.
Not open Only relevant for the previous IFRS9 stage to indicate new business
Stage 1 Financial instruments that are classified as Stage 1 (performing) under IFRS 9. At this point 12 month expected credit losses are recognised and interest revenue is calculated on the gross carrying amount of the asset.
Stage 2 Financial instruments that are classified as Stage 2 (under performing) under IFRS 9. At this point lifetime expected credit losses are recognised and interest revenue is calculated on the gross carrying amount of the asset.
Stage 3 Financial instruments that are classified as Stage 3 (non performing) under IFRS 9. At this point lifetime expected credit losses are recognised and interest revenue is calculated on the net carrying amount of the asset.
Unknown