Looking for loan companies

    • [PDF File]In depth A look at current financial reporting issues

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      guidance for the type of intercompany loan(s) being considered. Unless an entity has all of the types of intercompany loan covered within this publication, it will not be necessary to consider the publication in its entirety. It is expected that many intercompany loans within the scope of IFRS 9 will fall within Section B, C or D of the guidance (loans repayable on demand, with low credit risk, with a remaining life of 12 …


    • [PDF File]Moving from incurred to expected credit losses for impairment of ...

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      apply the impairment requirements of IFRS 9 to loan commitments that are not otherwise within the scope of the standard. Setting the scene: the ECL model The illustration below shows the overall ECL model; each decision box will be considered over the following pages: 2 Entities applying IFRS 9 before adopting IFRS 15 should apply the impairment requirements to construction contracts under IAS 11 …


    • [PDF File]Surveying the Indian Gold Loan Market - Cognizant

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      Surveying the Indian Gold Loan Market • Cognizant 20-20 Insights Executive Summary Gold has long been a valued commodity, particu-larly in India where it is considered auspicious, and has been in use for centuries in the form of jewelry, coins and other assets. Though gold is a highly liquid asset, it wasn’t until recently that


    • [PDF File]Impairment of financial instruments under IFRS 9

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      and most loan commitments and financial guarantee contracts. ... The measurement of ECLs reflects a probability-weighted outcome, the time value of money and the best available forward-looking information. • The need to incorporate forward-looking information means that application of the standard will require considerable judgement as to how changes in macroeconomic factors will affect …


    • [PDF File]Get ready for IFRS 9 - Grant Thornton International

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      Get ready for IFRS 9 The impairment requirements IFRS 9 (2014) ‘Financial Instruments’ fundamentally rewrites the accounting rules for financial instruments. It introduces a new approach for financial asset classification; a more forward-looking expected loss model; and major new requirements on hedge accounting. While IFRS 9’s mandatory effective date of 1 January 2018 may seem a long way off, …


    • [PDF File]Banking on Non-Banking Finance Companies - PwC

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      www.pwc.in Banking on Non-Banking Finance Companies Content list: An easy to read at-a-glance summary. Foreword p2/Message from ASSOCHAM p3/Analysing the Revised Regulatory Framework for NBFCs p5 / Areas requiring consideration p23/ Looking Ahead p26/ Glossary p27


    • [PDF File]Debt Funding in India - Nishith Desai Associates

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      Debt Funding in India 1 Glossary Si no. Term Explanation 1. A&C Act 1996 The Arbitration & Conciliation Act, 1996 2. AD Banks Authorized Dealer Category-I banks 3. AIF Alternative Investment Fund 4. AIF Regulations Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 5. ARC Asset Reconstruction Companies 6.


    • [PDF File]Demystifying Expected Credit Loss (ECL)

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      financial assets provides a forward-looking ‘expected credit loss’ framework which unlike the current regime, does not recognise losses based only upon a set of past and current information. While IFRS 9 permits early adoption, the RBI has not permitted early adoption of Ind AS by banks and non-banking finance companies.2


    • [PDF File]Rating criteria for finance companies

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      such as asset finance companies, microfinance companies, gold loan companies, IFCs (infrastructure finance companies), and IDFs (infrastructure debt funds). Furthermore, RBI has increasingly aligned the regulatory requirement of NBFCs with that of banks with respect to their asset classification norms, capital requirement, and corporate governance. This has structurally strengthened the NBFC sector. …


    • [PDF File]Mergers & Acquisitions in India - Nishith Desai Associates

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      Mergers & Acquisitions in India About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Palo Alto (Silicon Valley), Singapore, New Delhi, Munich and New York. We provide strategic legal, regulatory, and tax advice coupled with industry expertise in an integrated manner.


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