The IFRS 9 (International Financial Reporting Standard) requires banks and insurance companies to perform an “SPPI Test” when listing assets and liabilities in their balance sheet: the SPPI status of a given security determines which one of the three accounting methods set out by IFRS 9 must be used for financial statements purposes. This test, which deeply impacts how assets and liabilities are valued, is highly complex - two different analysis levels can be required - and is computed by ICE by accounting for 29 key datapoints for a given security - ranging from simple reference data to benchmark tests. Nevertheless, the ICE solution’s output is easy to understand - the computed result is either Yes or No - and detailed - as it provides detailed that a security fails the SPPI Test.
Specifications
Key Features
- Thorough coverage - all asset classes covered
- Clear and comprehensive output with a complex analysis: two-level analysis and 29 possible reasons for SPPI Test failures available. The result is easy to interpret, as it can either be Yes or No
- Customizable - the solution’s multiple-criteria decision analysis is customizable according to client’s needs
- High quality: financial and fiscal data is collected directly from primary sources
Products
The evolution of our file-based offering. Bringing together, in a unified solution Corporate Actions, Reference Data, Analytics and our wealth of pricing datasets including ICE Evaluations, CEP, Fair Value Information Services & Listed Market Pricing.
Buy-side and sell-side front offices continue to embrace more data and more technology in order to expand their opportunities and gain an edge over the competition. Enrich front office systems with ICE’s Data API solution, providing intraday access to fixed income pricing, on-demand analytics, reference data and more.