RAM MFRS 9 SaaS (“the Solution”) is a subscription-based web application created to assist bond/sukuk investors estimate the Expected Credit Loss (ECL) for their bond/sukuk portfolios.
In nutshell, the process involves 3 main tasks which are: (1) Prepare and upload investment portfolio information; (2) Check and review information; and (3) Perform scenario / “what-if” tests. Under the Solution’s “scenario-testing” module, you will be able to compare ECL estimates for your portfolio on an individual (stock-level) and aggregate basis based on multiple scenarios of your choice.
We have tried to minimise the information required by the Solution. You will need to provide information to identify each stock (ISIN Code, Stock Code and Facility Code) so that the Solution can automatically lookup the bond/sukuk’s ratings (if rated, and available in the database). Meanwhile, information on the collateral type/value as well as the current exposure are required to provide a recommended LGD as well as the ECL estimate. If you do not wish to use these recommended values, you may manually define a rating and/or LGD percentage for each bond/sukuk in your portfolio. For credit-impaired investments, the projected lifetime exposures and effective interest rate assumptions will also be required. The Solution uses the ‘Credit Stage’ information (1, 2, or 3) provided by the User when deciding whether to compute a 12-month or lifetime ECL for each bond/sukuk in the portfolio.
By using a template that will be uploaded into the Solution; the template will be available to Subscribers. You will also be able to edit/change selected information for individual bonds/sukuk via the Solution’s interface, if necessary. Once you have completed a CSV template for your ‘first time’ upload, the same file can be updated and re-uploaded for use on future reporting dates. Do keep this filled-in CSV file in a safe place.
The Solution is hosted and maintained by RAM on its own server. Users may opt whether to retain (or delete) information that they have uploaded while using the Solution.
No, the Solution is provided as a separate service.
Please send us an email at mfrs9@ram.com.my and let us know how we can help you.
(603) 3385 2536
Evelyn Khoo(603) 3385 2537
(603) 3385 2595
Evelyn Khoo(603) 3385 2537