Question
BankCo holds debt securities: β’ Portfolio A:
Government bonds held to collect contractual interest/principal. β’ Portfolio B: Corporate bonds held to collect and occasionally sell to manage liquidity. β’ Portfolio C: Equity investments in FinTech start-up for strategic relationship. BankCo assesses Portfolio B (corporate bonds FVTOCI). Market credit spreads widened, PDs increased, though no actual default. Management wants to keep 12-month ECL citing βno actual loss.β Which treatment is correct?Solution
SICR (significant increase in credit risk) requires lifetime ECL even without default. For FVTOCI debt, impairment allowance goes to P&L with offsetting entry in OCI.
Find the area of a rhombus whose diagonals are 48m and 64m long.
βWhich of the following is not one of the Global Navigation Satellite System ( GNSS ).
Which of the following cyclone hit the countries USA and Canada recently?Β
Who was appointed as the Director General of the Directorate General of Civil Aviation (DGCA) in January 2025?
Who has been recently elected as new president of Nigeria?
Which states are included in Vandhada Water Disputes Tribunal?
______ state ranks the highest state in terms of highly populated according to the census 2011?
Which Indian state is renowned for the distinctive Longpi (Nungbi) Pottery, known for being crafted without a potter's wheel?
Who launched the 'Digital Prayaas' initiative to provide loans to entrepreneurs from low income groups?
Ker and Garia Puja are traditional tribal festivals of which state?