Stress Test Data Framework Dictionary 2021: Version 02

IFRS9stagemigrationssecured

Enumeration Definition
Closed Represents a loan that has become closed during reporting period.
In possession Indicates when the security underlying the amount owing in arrears has been taken into possession of the lender.
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.