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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.
| Supplier | Identifier | Award Value | Cross-References |
|---|---|---|---|
| Oxford Economics | 01557776 | £205,000 | - |
Government spending data: This supplier has received £1,057,908 in 51 payments (over £25k) from BEIS, DBT, Department for Transport, Home Office, DCMS and 5 more public bodies (2013-01-29 to 2026-04-24). View full payment history →