British Business Bank Plc · Awarded contract
Awarded

Award of IFRS9 ECL & Claims Model Framework to 4Most (Europe) Limited

Awarded 20 Nov 2020

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Awarded20 Nov 2020
Value£10,000,000.00
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 4y 9mo ago1y 2mo term
Awarded 20 Nov 2020Expired 31 Jan 2022

British Business Bank Plc awarded a contract to 4Most (Europe) Limited for the design, build, testing, and operation of an IFRS9 expected credit loss (ECL) and claims model framework.

The framework supports the calculation of expected credit losses for IFRS9 purposes, fair values for IFRS9 and IFRS 13 purposes, and expected future claim amounts over the remaining life of the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), and Bounce Back Loan Scheme (BBLS).

The contract, valued at AUD 10,000,000, was awarded following a competitive procurement process initiated on 11 August 2020, with the framework allowing for call-off contracts related to model design, build, testing, and operation.

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