Effective Interest Rate (EIR) project

The IFRS–EIR project aims to enable the Core Banking system to handle computation of IFRS specific fields such as Effective Interest Rate (EIR) and Carrying Cost based on projected and actual cash flows for loans, for the purpose of BNM reporting in line with IFRS139 (International Financial Reporting Standards).

The project involves introducing a new IFRS - EIR module for the computation and inquiry of IFRS specific fields, reports for internal and BNM reporting, batch processing jobs and the migration of existing EIR data into the Core Banking system for the Housing Loans portfolio.

Aristal PMO team has been engaged by a large Malaysian Banking Group to project manage the above implementation and has successfully implemented the project. 

ARISTAL SOLUTIONS SDN BHD
C3-6-8 & C3-6-9 Solaris Dutamas, Jalan Dutamas 1, 50480 Kuala Lumpur, Malaysia

T : 603 6211 7574

F : 603 6211 7584

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