PROVISION/IMPAIRMENT PROCESS

I need to know how provision/impairment process works on T24.
This includes:
Impairment charge
Provision write back
Write Off
Creating Memorandum account for write off
This is required for my loan loss movement report

Hi
Could you elaborate it please ?

Thanks

Thanks for your response.

I am looking for the process flow of charging impairment on a non-performing account under AA module and LD module.
It is expected that when customer has settled the loan obligation in past due, the branch is obliged to write back the provision already charged or write off the account balance with provision where the loan has become toxic and probability of recovery is slim or impossible.
In general, impairment flow must agree to provision of IFRS (loan loss movement)

Hi

You have to trigger LENDING-WRITE.OFF-BALANCE.MAINTENANCE activity to write off the desired loan balances(Principal,Interest,Charge). Let me know if this is what you want ?

Thanks

Thanks for your response.

If that is done, will the write off impact on the provision already charged,

Is LENDING-WRITE.OFF-BALANCE.MAINTENANCE a pre-defined condition to be trigered at some point

I wish to know the step by step procedure of how impairment already charged would be written off against provision and also recognition of already charged provision as income where the impaired loan is repaid or regularized