March 13, 2019

SBIF updated the Information System Manual with respect to the modifications made to the Compendium of Accounting Standards (CNC) in July 2018. The new files are part of the changes to the rules related to provisions for credit risk of the commercial portfolio of group analysis, contained in Chapter B-1 of the CNC. The provisions will come into force in July 2019.

SBIF also published a supporting document that contains summary of the feedback received during consultation and their respective responses. The supporting document includes different examples for the application of the standard method of provisions of commercial analysis commercial loans, within the framework of the provisions of Chapter B-1 on the commercial portfolio of group analysis. Following changes are presented in the files of the Accounting System and Tables of the Information System Manual:

  • Modification of the file "Loans, contingent loans, provisions and write-offs" (C11)
  • Modification of the file "Assets and provisions corresponding to leasing operations" (C13)
  • Modification of the file "Assets and provisions corresponding to factoring operations" (C14)
  • Creation of the file "Loans, contingent loans and provisions for student loans" (C19)
  • Creation of the file "Loans, contingent loans and provisions for generic group commercial loans" (C20)
  • Modification of Tables 25, 71, 89, and 90

 

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Keywords: Americas, Chile, Banking, Accounting, Credit Risk, CNC, Information System Manual, Reporting, SBIF

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