Effective Supervision on Bank-s Implementation of Mathematical Model Tender, Indonesia - 84360879

Procurement Summary

Country : Indonesia

Summary : Effective Supervision on Bank-s Implementation of Mathematical Model

Deadline : 19 Jun 2023

Other Information

Notice Type : Tender

TOT Ref.No.: 84360879

Document Ref. No. : 0002002306

Competition : ICB

Financier : International Bank for Reconstruction and Development (IBRD)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Tenders are invited for Effective Supervision on Bank-s Implementation of Mathematical Model.

· Issue Date and Time: Jun 12, 2023 05:37

· Closing Date and Time: Jun 19, 2023 23:59

The Primary Objective of this Consultancy are (I) Providing Basic Econometric Understanding to Supervisors Relating to Matters that Need Attention from a Mathematical Statistical Model and (Ii) Provides an Overview of the Evaluation Process of a Mathematical / Statistical model.the Scope of this Program is Limited to a Review of the Calculation of Ckpn (Impairment) Which Uses a Forward-Looking Expected Loss. The Expected Loss Method Requires Banks to Estimate Financial Instrument Risk Estimates from Initial Recognition Using Forward-Looking Information Such as Projected Economic Growth; Inflation; Unemployment Rate and Commodity Price Index at each Reporting date.within the Framework of Psak 71; Bank Loan Losses are Calculated Using the 12-Month Ecl Method or the Ecl Lifetime Method Using Projected Macroeconomic Conditions (Forward-Looking Adjustments). Banks must Also Estimate the Probability Weighted for the Possibility of a Macroeconomic Scenario. Based on the Information We Obtained; The Bank Compiled a Mathematical/Statistical Model Supported by Technology and Information in Calculating the Ckpn Components. Currently; Some Ojk Supervisors are not Fully Equipped with Knowledge of the Basics of Econometrics; Statistics; Or Mathematics so that the Evaluation of the Mechanism for Calculating Ckpn is not Fully Comprehensive.

The Wbg Reserves the Right to Publicly Disclose Contract Award Information, including but not Limited to, Name of Company Receiving the Award, Brief Description of Services, and Contract Award Amount, for Any Contract Award Valued over Us$250, 000. Offeror's Proposal and Contractual Documents will Remain Confidential and Therefore not Subject to Disclosure.

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