Awarded

Provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance

Descriptions

The requirement is for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL). The ECL is comprised of three elements: Exposure at Default (EAD), Loss Given Default (LGD) and Probability of Default (PD). The requirements of IFRS 9 are typically captured by forecasts of economic conditions - multiple macroeconomic scenarios with their own probability weights are needed in the calculation of the ECL. To build, test and operationalise new IFRS 9 models, UKEF needs to procure 1) macroeconomic time-series historic data and 2) IFRS 9 compliant macroeconomic forecast scenarios with probability weights.

Timeline

Published Date :

14th Jul 2023 2 years ago

Deadline :

4th Apr 2023 2 years ago

Tender Awarded :

1 Supplier

Awarded date :

19th Jun 2023

Contract Start :

19th Jun 2023

Contract End :

19th Jun 2026

Tender Regions

Keywords

Market and economic research

misc business services

general corporate support

operational services

business facilitation

ad hoc business assistance

office support

professional service diversity

miscellaneous corporate services

non-specialized business services

Tender Lot Details

2 Tender Lots

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Workflows

Status :

Awarded

Procedure :

CallOffFromDynamicPurchasingSystem

Suitable for SME :

Yes

Nationwide :

No

Assign to :

Tender Progress :

0%

Details

Notice Type :

Tender

Tender Identifier :

IT-378-246-T: 2024 - 001

Tenderbase ID :

310724019

Low Value :

£100K

High Value :

£1000K

Buyer Information

Address :

Liverpool Merseyside , Merseyside , L13 0BQ

Website :

N/A

Procurement contact

Name :

Tina Smith

Phone :

0151 252 3243

Email :

tina.smith@shared-ed.ac.uk

Possible Competitors

1 Possible Competitors