Amain for IFRS

Amain for IFRS enables financial institutions to adopt IFRS 9 with minimal changes to their information systems by providing core functions for valuation processes.

Core functions include those related to cash flow, hedge accounting and loan loss provision to satisfy IFRS accounting requirements and as well as disclosure reporting needs. The implementation of this solution does not mean replacing existing information systems. Instead, it interfaces all the related data and complementary required items.

Amain’s cash flow engine provides contractual/expected cash flows for virtually all financial assets or liabilities (except for certain OTC derivatives or market-quoted securities). The cash flow engine can accommodate various factors such as customer behavior, amortization type, interest type, accrual basis, and compounding, etc. A user-defined payment pattern and actual schedule method enable the generation of exact cash flow for the instruments with a non-standard amortization schedule.

Combining extensive experience of IFRS practice and Software development
- Amain has been designed based on a real-life IFRS project experienceexperience and developed with NEOIZ’s accumulated financial engineering technology.
Functions and options on a solid and flexible architecture
- Amain provides a double-validation mechanism to minimize unexpected results due to erroneous input data. The input data will be checked before processing and corrected during processing respectively.
- Various options are available for fair value calculation and liquidity disclosure to fit users’ requirements.
- Assumptions can be defined as needed and each assumption can be mixed and matched easily to define a valuation process.
Providing integrated solution for IFRS valuation
- Covering all the valuation needs including effective interest rate (EIR), fair value, liquidity projection, loan loss provision and hedge effectiveness test.
- A single reliable cash flow engine has been integrated with all the valuation functions.
Wide range of product coverage
- Amain was designed to cover virtually all products that can be measured by discounted cash flow (DCF) method.
Providing One-stop service for IFRS valuation
- Providing all the services related to IFRS valuation from input validation to result validation through an intuitive menu and user interface.
Performance and scalability
- Through multiprocessing, C language and efficient algorithms, better performance can be achieved.
- Our multiprocessing option makes the most of the server resources (e.g. CPU) by dividing the single process into multiple processes according to distinct sets of rows.