Purchased or originated credit-impaired (POCI) deals are financial assets that are credit impaired at initial recognition.
A POCI deal can be any financial asset: loan, money market asset, credit card, trade receivable, bond.
The information “POCI” is additional information on top of the accounting category.
A POCI deal always stays in stage 3. Due to the specific characteristic of a POCI deal, IFRS 9 does not allow a stage transition to stages 1 or 2.
The solution deals with specific requirements for POCI deals regarding
- Delivery
- Calculation
- Financial Accounting
- Reporting
“Purchased or originated credit impaired deals” (POCI) deals are processed in stage 3 in the solution in general similar to standard loans.
Differences are related to the following topics:
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