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Enterprise Data Management

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Banking Solutions for EIR - Effective Interest Rates

EIR Calculator click for information to be sent >>

EIR Forecaster click for information to be sent >>

These software solutions are designed to remove the complexity, administration and reconciliation from calculating and reporting on the EIR impact of book movements. They deliver IFRS and IAS39 compliance with full audit reports.

EIR Calculator

  • Are you using spreadsheets or custom databases to calculate your EIR?
  • Finding this time consuming, complex and error prone?
  • Are you confident in the accuracy of the numbers?
  • Wish you could print ready made reports for the auditors?
  • Are you confident you are in compliance with IAS39 and IFRS?
Dividing the books into categories (by LTV, date, value, duration etc.), calculating the EIR impact of book movements, calculating the balance sheet reserve and the profit and loss impact, producing auditable reports and easy to use analysis and reporting are the main aspects of EIR Calculator. 

EIR Forecaster

Ever asked what the EIR impact of market change will be?

  • What if a competitive product captures 10% of the tracker book?
  • What is the EIR impact going to be if a new product introduction replaces 15% of an existing product? 
  • What WILL the EIR impact of best-case, worst-case and most likely outcome be on the entire book taking into consideration all forecasted market changes? 
  • What if a new product is introduced that cannibalises 30% of an existing one?
  • What WILL the EIR impact be?
  • What WILL the EIR impact of best, worst and most likely outcome scenarios be?
Impact analysis, forecasting, scenario planning and initiatives management are all part of EIR Forecaster. Banks and Building Societies need to consider the P&L impact of EIR adjustments and make sure it is considered in decision making.  To avoid surprises in the monthly P&L, a forecast of the EIR impact of market changes needs to be done. By forecasting it can be managed. click for information to be sent >>
EIR Calculator and EIR Forecaster are point solutions for EIR IAS39 and IFRS. This means that they are fast to implement and sit on top of all banking systems.

  • Calculates the balance sheet reserve for EIR
  • Quick to implement
  • Open integration to all banking systems 
  • Complies with IAS39 and IFRS
  • Suite of pre-built reports
  • Easy to use custom report analyzer
  • Integrates to disparate systems
  • Will create new categories within the book(s)
  • Full approval process
  • Built in work flow
  • Captures documents, comments and internal dockets
  • Full suite of audit reports
  • Compare the impact of differnent scenarios
  • Powerful, scalable calculation engine
  • Create new initaitves
  • Model different scenarios
  • Print audit reports with commentory

      built in work flow

 

 

 

       build and manage different forecast scenarios

 

 

    full audit reports