Tender Details

Country: United Kingdom
Summary: Ukef Corporate Loss Given Default (Lgd) Model for Ifrs 9 - Expression of Interest (Eoi)
GBT Ref No: 76653495
Deadline: 12 Jan 2023
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: tender_344974/1161220
Purchaser's Detail:
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Description:
Title : UKEF Corporate Loss Given Default (LGD) Model for IFRS 9 - Expression of Interest (EOI)
Location Of Contract : Any region
Industry : Research and development services and related consultancy services - 73000000
Description : UK Export Finance ("UKEF") is inviting expressions of interest from organisations that would be interested in delivering a loss given default ("LGD") model ("the Contract") in compliance with the International Financial Reporting Standards 9 ("IFRS 9") to the Contracting Authority. The LGD model will need to be operational from 1 April 2023. The Supplier will provide a model that allows UKEF to estimate LGDs for corporate obligors under different macroeconomic scenarios (the Supplier does not need to provide the macroeconomic forecasts that will underpin the scenarios - the scenarios will be procured separately) in order to make the measurement of Expected Credit Losses ("ECL"), compliant with the IFRS 9 standard. This is a new requirement.It is a key requirement for the procurement that the LGD model will be IFRS 9 compliant, so the supplier will be required to demonstrate that the LGD model is "tried and tested" (i.e. already in use by organisations who are IFRS 9 compliant and/or reviewed by auditors). UKEF uses an LGD methodology whereby estimates of Enterprise Values ("EV") are utilised in order to generate an estimate of a corporate obligor's LGD using a "liabilities waterfall" approach (under a base ...
Documents:

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Ukef Corporate Loss Given Default (Lgd) Model for Ifrs 9 - Expression of Interest (Eoi) - Uk Tender

The DEPARTMENT FOR INTERNATIONAL TRADE, a Government sector organization in United Kingdom, has announced a new tender for Ukef Corporate Loss Given Default (Lgd) Model for Ifrs 9 - Expression of Interest (Eoi). This tender is published on UkTender under GBT Ref No: 76653495 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2023-01-12.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.