Argus’ Impairment solution has been designed in compliance with APS 220 – APRA’s Prudential Standard for Credit Quality. The solution helps ADIs to generate all the reporting forms corresponding to ARS 220.0, ARS 220.3, and ARS 220.5 – the reporting standards for impairment reporting. The solution helps ADIs to report outstanding balances, individual and collective provisions, values of securities held, interest/ income received, and interest / income foregone against impaired facilities.

The embedded business rules engine can be used to create product-specific business rules to identify:

  1. facilities which are 90 days past due
  2. an entity which is subject to administration or bankruptcy proceedings
  3. a facility where write-off has been taken
  4. restructured facilities
  5. Category One, Category Two, Category Three, and Category Four facilities
  6. applicable provision rates for Category One, Two, Three, and Four facilities based on days past due (DPD)
  7. related counterparties based on cross-guarantees, common ownership/ management, controlling ability, financial interdependency etc.

The solution can be integrated with other source systems such as

  1. Collateral Management System to track changes in fair values of securities held against impaired facilities
  2. Credit Risk Management System to monitor trends in default rates
  3. Cash flow Management System to monitor sources of cash flows upon which the ADI is reliant on determining future incurred or estimated future credit losses

Key features of the product:

  • Edit-check engine to create any number of user-defined inter-report and intra-report validation rules
  • Ability to drill-down from reported fields for tracing errors and mismatches
  • Support for data adjustments to reported fields
  • Data profiler tool to define and validate against configurable data quality thresholds
  • In-built calendar to automate generation of reports at pre-defined frequencies
  • Configurable scaling factor for reporting financial position and performance as per regulatory/ business requirements
  • Support for multiple reporting formats – xlsx, xbrl, pdf etc.
  • Version controller for reporting forms with the ability to archive and access old reports
  • Review Process Flow (RPF) engine to easily create any number of user-defined workflows with any number of approval levels
  • User management tool to create and manage users, roles, and access controls
  • System generated log files for Audit Trail

Solution Overview:

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