Provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance
Details
- Buyer
- Department for International Trade
- Supplier(s)
- Oxford Economics Limited
- Value
- GBP 205,000
- Duration
- 3 years
- Topic
- Market and economic research; polling and statistics
- Published
- 14 July 2023
- Source
- uk:contracts_finder
Tender description
The requirement is for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL). The ECL is comprised of three elements: Exposure at Default (EAD), Loss Given Default (LGD) and Probability of Default (PD). The requirements of IFRS 9 are typically captured by forecasts of economic conditions - multiple macroeconomic scenarios with their own probability weights are needed in the calculation of the ECL. To build, test and operationalise new IFRS 9 models, UKEF needs to procure 1) macroeconomic time-series historic data and 2) IFRS 9 compliant macroeconomic forecast scenarios with probability weights.
Timeline
- Completed: Award date19 June 2023
- Completed: Award published14 July 2023Current notice
- Completed: Contract expiry date19 June 2026
About the buyer
Department for International Trade is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.
Relevant CPV codes
- 79300000 · Market and economic research; polling and statistics
- 79900000 · Miscellaneous business and business-related services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@department-for-international-trade.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@department-for-international-trade.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@department-for-international-trade.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@department-for-international-trade.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@department-for-international-trade.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@department-for-international-trade.gov |
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