Awarded

Provision of Macroeconomic Data and IFRS 9 Forecast Scenarios for UK Export Finance

Awarded 18 Jun 2023

View live tenders
Awarded18 Jun 2023
Value£205,000.00
RegionSouth East
CategoryFinance & Insurance
Ended 5mo ago3y term
Awarded 18 June 2023Expired 18 June 2026

Department for International Trade awarded a contract to Oxford Economics for the provision of macroeconomic time-series historic data and IFRS 9 compliant macroeconomic forecast scenarios with probability weights.

The requirement supports UK Export Finance's incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL), which comprises Exposure at Default (EAD), Loss Given Default (LGD), and Probability of Default (PD).

The contract, valued at £205,000, covers the building, testing, and operationalisation of new IFRS 9 models.

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