Prepare for CECL with DXCDASM
The CECL Challenge
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Consensus in the banking industry is the Current Expected Credit Loss method of accounting for loans will be the biggest change in the history of bank accounting. CECL will impact nearly every aspect of bank operations and may have a significant impact on your bank’s capital position. While the compliance deadlines do not occur until 2020 (public entity) or 2021 (privately held), bankers agree that now is the time to run CECL calculations parallel to current ALLL models and formulate a strategy to adjust to the new methodology.
The DXCDA Solution
DebtX’s Credit Default Analytics solution (DXCDA) calculates your loan portfolio’s expected losses with loan-by-loan granularity, giving you an immediate view into any potential capital impact.
DXCDA is a fully outsourced, independent CECL service that will save your bank time, manpower and money. DebtX runs all calculations and provides outputs in the format that best fits your ALLL platform.
DXCDA leverages the most robust historical data set in the market for both performing and non-performing loans.
- Quickly calculates Expected Loss for your portfolio under a dozen different scenarios, including the three Supervisory Scenarios.
- Provides loan-by-loan calculations of PD/LGD/EL for your bank’s ALLL calculation.
- Efficient and low impact- simply send us your data and we do the rest.
Let DebtX Run a complimentary analysis of your portfolio today!
Trusted in the Industry
DebtX has a long history in loan analytics beyond CECL and works with regulators and auditors on a regular basis. DXCDA has been back-tested and validated, so it is defensible to your regulators and auditors.