Stress Test Data Framework Dictionary 2021: Version 02

IFRS9stagemigrationsT1

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.
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