Chat con Bit de DATAX
Chat con Bit de DATAX
Building on the already processed data from the financial system through our SPIM PRIVATE service, new developments have been implemented in which DATAX has applied extensive financial expertise, using new technology tools to generate the IRIC indicator (Credit Risk Index) to measure the level of risk a credit operation is exposed to in the market.
The MIRIC tool (Credit Risk Index Map) shows the risk level of the financial system, by department, and by financial institution per department broken down by customer type, loan type, the borrower’s economic activity, and the purpose of the loan.
MIRIC is a support tool that helps you understand the level of risk your financial institution assumes for a specific credit operation.
The MIRIC tool is developed in the universally used program Excel.
The user only needs to enter the general details of the credit operation into MIRIC, and within seconds they can view the map results at a glance. They will see all IRIC index values, along with multiple color-coded markers indicating whether the credit operation being analyzed has a high or low risk level.
In addition, each of the 32 IRIC index values displayed on the map is supported by detailed backup information, showing the user the source of its current and historical calculations.
Financial institutions assess the borrower, but the risk level of the borrower’s activity and the purpose of the loan is often unknown this is why MIRIC is a unique tool of its kind.
With a quick review, you can see the exact IRIC indicator: the closer it is to 0, the lower the risk. Red signals a risk alert, green is positive, and you can also see the risk trend and other elements that help identify the sector-level risk associated with the loan.
The tool can be customized by setting peer institutions for comparison in terms of risk management.
It measures credit risk using the exposure-risk criterion that is implicitly embedded in lending activity, based on these factors: delinquency, burden, rating, and provisions. IRIC evaluates these four factors, and the highest of them becomes the IRIC value.
Mainly any of the following departments within an institution
