On 7 December 2004, the Hong Kong Monetary Authority (HKMA) had published a circular to all Hong Kong incorporated authorized institutions (AIs) requesting to adopt the internalratings-based approach (IRB) or the basic approach (Basic Approach) for capital adequacy assessment and credit risk management with regards to the new capital accord (Basel II) of the Basel Committee on Banking Supervision. Some vital tasks are as follows:

• To rank order and quantify risk in consistent, reliable and valid manner through a rating system.
• To provide internal validation process (i.e. back-testing) for validating the accuracy and consistency of rating systems, processes, risk estimates.

To cope with 'Think Big, Start Small', the Client is free to pick up any combination of system modules on top of the base modules. All these modules can be customized to fit Client's unique requirements.

Highlights

iCRW enables AIs to:

•  Aggregate credit information via credit processing workflow

•  Customize to integrate AI's scorecard s or score sheets

•  Apply credit policies for different loan products

•  Improve forecast measure, monitor and report potential credit risk exposures across the entire organization

•  Generate report s , letter s and performance tracking reports

•  Support future back-testing and re-validation