Stress Test Data Framework Dictionary 2021: Version 02

IFRS9stagemigrations

Enumeration Definition
Charge off and recoveries                  If there is any reason there are any charge off and recoveries outside of Stage 3, then please include these here and include a comment in the comments tab to explain.
Closed Represents a loan that has become closed during reporting period.
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
Written off Balance written-off gross of any recoveries.