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Accounting

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  • December 12, 2022
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Individual Provision

An allowance (provision) that is set up for expected credit losses (ECLs) on specific unimpaired loan/ receivables and other exposures for each of which such losses can be estimated. Typically, individually significant loans or exposures are accounted for by means of an individual allowance on an standalone basis as each has its own credit characteristics.

An individual provision is also known as a specific provision (as opposed to an collective allowance/ general provision).


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