IFRS 9 / CECL Impairment Benchmarking

Credit Consensus Data for Impairments Benchmarking
Under IFRS9 / CECL

point in time impairments header IMG

Why Credit Benchmark?

Point-in-Time term structures provide comparability for the impairment process

In addition to “through the cycle” probabilities of default, Credit Benchmark also collects and aggregates Point-in-Time (PIT) PD curves from a growing number of global banks, allowing our clients to access a comprehensive set of consensus term structures at entity-, sector-, industry-, geographical level.

Leveraging the insights provided through the benchmarking outputs, clients are able to identify, justify and articulate the key drivers of variance in expected credit loss and provisions to both internal and external stakeholders.

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How we can help your business

Case Study

  The Client
The model validation team at a major UK-based Bank

The Challenge
The model validation team wanted to implement a robust model monitoring and validation framework for IFRS 9 utilising a representative independent dataset. They were also looking to help justify amendments to models and validation framework to auditors and regulators.

The Solution
Credit Benchmark’s Consensus Term Structures facilitated like-for-like benchmarking on an economically representative proportion of the bank’s portfolio. Independent and representative data allowed for tangible justification to internal and external stakeholders and formed a central part of their validation and monitoring framework.

In Numbers

The Benefits of Consensus Credit Data

Rating the unrated

Unparalleled coverage of public and private issuers; filling the gaps left by traditional ratings agencies.


Free from “issuer-pays” conflict and any bank bias.

Real-world exposure

Driven by the credit views of >40 of the world’s largest regulated banks, almost half of which are GSIBs.

Identify that entity

Risk data is processed through a sophisticated purpose-built mapping engine.


The consensus is refreshed twice monthly to provide dynamic indicators of potential credit risk changes.

Alerting and monitoring

Assess risk over the lifetime of a transaction.

Secure reporting

Ease of internal integration within reporting.

Expanding footprint

A unique growing global dataset.

Risk Solutions

Other Solutions

Understand your risk

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    Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.