{"id":6488,"date":"2026-03-10T15:11:13","date_gmt":"2026-03-10T15:11:13","guid":{"rendered":"https:\/\/hk.valtech-valuation.com\/?p=6488"},"modified":"2026-03-10T15:11:13","modified_gmt":"2026-03-10T15:11:13","slug":"%e6%8f%90%e5%8d%87%e8%b4%a2%e5%8a%a1%e6%8a%a5%e5%91%8a%e4%bc%b0%e5%80%bc%e8%b4%a8%e9%87%8f-%e9%a2%84%e6%9c%9f%e4%bf%a1%e7%94%a8%e6%8d%9f%e5%a4%b1%ef%bc%88ecl%ef%bc%89","status":"publish","type":"post","link":"https:\/\/hk.valtech-valuation.com\/cn\/%e6%8f%90%e5%8d%87%e8%b4%a2%e5%8a%a1%e6%8a%a5%e5%91%8a%e4%bc%b0%e5%80%bc%e8%b4%a8%e9%87%8f-%e9%a2%84%e6%9c%9f%e4%bf%a1%e7%94%a8%e6%8d%9f%e5%a4%b1%ef%bc%88ecl%ef%bc%89\/","title":{"rendered":"\u63d0\u5347\u8d22\u52a1\u62a5\u544a\u4f30\u503c\u8d28\u91cf-\u9884\u671f\u4fe1\u7528\u635f\u5931\uff08ECL\uff09"},"content":{"rendered":"

Valtech \u6700\u8fd1\u5b8c\u6210\u4e86\u4e00\u9879\u5173\u4e8e\u9884\u671f\u4fe1\u7528\u635f\u5931\uff08<\/strong>Expected Credit Loss, ECL<\/strong>\uff09\u8bc4\u4f30<\/strong>\u7684\u54a8\u8be2\u9879\u76ee\uff0c\u534f\u52a9\u5ba2\u6237\u4f18\u5316\u5176 ECL \u8bc4\u4f30\u65b9\u6cd5\u3001\u8ba1\u7b97\u6d41\u7a0b\u4ee5\u53ca\u76f8\u5173\u4f1a\u8ba1\u62ab\u9732\u3002\u8be5\u5ba2\u6237\u4ece\u4e8b\u8fdb\u53e3\u5546\u54c1\u7684\u56fd\u9645\u8d38\u6613\u5206\u9500\u4e1a\u52a1\uff0c\u5ba2\u6237\u7fa4\u5305\u62ec\u4f01\u4e1a\u5ba2\u6237\u53ca\u5206\u9500\u5546\u3002<\/p>\n

\u5bf9\u4e8e\u62e5\u6709\u5927\u91cf**\u5e94\u6536\u8d26\u6b3e\uff08trade receivables\uff09\u7684\u4f01\u4e1a\u800c\u8a00\uff0c\u91c7\u7528<\/strong>\u7b80\u5316\u6cd5\uff08simplified approach\uff09\u5e76\u4f7f\u7528<\/strong>\u51c6\u5907\u77e9\u9635\uff08provision matrix\uff09**\u8ba1\u7b97\u9884\u671f\u4fe1\u7528\u635f\u5931\u662f\u4e00\u79cd\u5e38\u89c1\u4e14\u88ab\u4f1a\u8ba1\u51c6\u5219\u63a5\u53d7\u7684\u505a\u6cd5\u3002\u76f8\u5173\u4f1a\u8ba1\u51c6\u5219\u4ea6\u660e\u786e\u6307\u51fa\uff0c\u51c6\u5907\u77e9\u9635\u662f\u4e00\u79cd\u53ef\u63a5\u53d7\u7684\u5b9e\u52a1\u65b9\u6cd5\u3002<\/p>\n

\u5728\u6b64\u57fa\u7840\u4e0a\uff0c\u4f30\u503c\u4e13\u4e1a\u4eba\u58eb\u9700\u8981\u8fdb\u4e00\u6b65\u9009\u62e9\u5408\u9002\u7684\u65b9\u6cd5\u6765\u786e\u5b9a\u51c6\u5907\u77e9\u9635\u4e2d\u7684\u635f\u5931\u7387\u3002\u5e38\u89c1\u4e14\u88ab\u5e7f\u6cdb\u63a5\u53d7\u7684\u65b9\u6cd5\u5305\u62ec\uff1a<\/p>\n

    \n
  • \u6eda\u52a8\u7387\u6cd5\uff08<\/strong>Roll-rate method<\/strong>\uff09<\/strong>\uff0c\u5206\u6790\u5e94\u6536\u8d26\u6b3e\u5728\u4e0d\u540c\u8d26\u9f84\u533a\u95f4\u4e4b\u95f4\u7684\u5386\u53f2\u8fc1\u79fb\u60c5\u51b5<\/li>\n
  • \u5386\u53f2\u8d26\u9f84\u53ca\u574f\u8d26\u635f\u5931\u5206\u6790<\/strong>\uff0c\u901a\u8fc7\u5386\u53f2\u6570\u636e\u8bc6\u522b\u8fdd\u7ea6\u6a21\u5f0f<\/li>\n
  • \u5728\u5386\u53f2\u6570\u636e\u57fa\u7840\u4e0a\u7ed3\u5408**\u524d\u77bb\u6027\u4fe1\u606f\uff08forward-looking information\uff09**\u8fdb\u884c\u8c03\u6574<\/li>\n<\/ul>\n

    \u7136\u800c\uff0c\u5728\u5ba1\u8ba1\u8fc7\u7a0b\u4e2d\u5e38\u89c1\u7684\u95ee\u9898\u662f\u635f\u5931\u7387\u7684\u786e\u5b9a\u7f3a\u4e4f\u5145\u5206\u7684\u4f9d\u636e\u6216<\/strong> documentation<\/strong>\u3002\u4f8b\u5982\uff0c\u5728\u67d0\u4e9b\u60c5\u51b5\u4e0b\uff0c\u4f01\u4e1a\u4f1a\u6839\u636e\u4e3b\u89c2\u5224\u65ad\u7ed9\u4e88\u5ba2\u6237\u4fe1\u7528\u8bc4\u7ea7\uff0c\u5e76\u5c06\u5176\u6620\u50cf\u81f3\u5916\u90e8\u4fe1\u7528\u8bc4\u7ea7\u673a\u6784\u7684\u7edf\u8ba1\u8d44\u6599\u6765\u786e\u5b9a\u8fdd\u7ea6\u6982\u7387\u6216\u635f\u5931\u7387\u3002<\/p>\n

    \u8fd9\u79cd\u505a\u6cd5\u5bb9\u6613\u6df7\u6dc6\u7b80\u5316\u6cd5\u4e0e\u4e00\u822c\u6cd5\uff08<\/strong>general approach<\/strong>\uff09<\/strong>\u3002\u4e00\u822c\u6cd5\u901a\u5e38\u9700\u8981\u5bf9\u4ea4\u6613\u5bf9\u624b\u8fdb\u884c\u66f4\u8be6\u7ec6\u7684\u4fe1\u7528\u98ce\u9669\u8bc4\u4f30\uff0c\u800c\u4e0d\u5e94\u7b80\u5355\u4f9d\u8d56\u4e3b\u89c2\u8bc4\u7ea7\u4e0e\u5916\u90e8\u7edf\u8ba1\u8d44\u6599\u8fdb\u884c\u6620\u50cf\u3002<\/p>\n

    \u56e0\u6b64\uff0c\u5f53\u4f01\u4e1a\u91c7\u7528\u51c6\u5907\u77e9\u9635\u65b9\u6cd5\u65f6\uff0c\u5e94\u786e\u4fdd\u635f\u5931\u7387\u4e3b\u8981\u57fa\u4e8e\u5386\u53f2\u4fe1\u7528\u635f\u5931\u7ecf\u9a8c\u53ca\u5e94\u6536\u8d26\u6b3e\u8d26\u9f84\u5206\u6790<\/strong>\uff0c\u5e76\u5728\u9002\u5f53\u60c5\u51b5\u4e0b\u52a0\u5165\u524d\u77bb\u6027\u8c03\u6574\u3002\u540c\u65f6\uff0c\u76f8\u5173\u65b9\u6cd5\u548c\u5047\u8bbe\u9700\u8981\u8fdb\u884c\u6e05\u6670\u4e14\u5145\u5206\u7684\u8bb0\u5f55<\/strong>\uff0c\u4ee5\u63d0\u9ad8\u5ba1\u8ba1\u53ef\u63a5\u53d7\u6027\u3002<\/p>\n

    \u00a0<\/strong><\/p>\n

    \u5176\u4ed6\u5e94\u6536\u6b3e\u9879\u7684\u9884\u671f\u4fe1\u7528\u635f\u5931\u8bc4\u4f30<\/strong><\/p>\n

    \u5bf9\u4e8e\u5176\u4ed6\u5e94\u6536\u6b3e\u3001\u4fdd\u8bc1\u91d1\u53ca\u8d37\u6b3e\u7c7b\u91d1\u878d\u8d44\u4ea7<\/strong>\uff0c\u4f1a\u8ba1\u51c6\u5219\u8981\u6c42\u4f01\u4e1a\u8fdb\u884c\u4fe1\u7528\u98ce\u9669\u8bc4\u4f30\uff0c\u4ee5\u5224\u65ad\u662f\u5426\u5b58\u5728\u4fe1\u7528\u98ce\u9669\u663e\u8457\u589e\u52a0\uff08<\/strong>Significant Increase in Credit Risk, SICR<\/strong>\uff09\u6216\u662f\u5426\u51fa\u73b0\u8fdd\u7ea6\u8ff9\u8c61<\/strong>\u3002<\/p>\n

    \u76f8\u5173\u8bc4\u4f30\u901a\u5e38\u53ef\u7ed3\u5408\u4ee5\u4e0b\u4fe1\u606f\uff1a<\/p>\n

      \n
    • \u5bf9\u4ea4\u6613\u5bf9\u624b\u8fdb\u884c\u5b9a\u6027\u4fe1\u7528\u5206\u6790<\/strong><\/li>\n
    • \u4ea4\u6613\u5bf9\u624b\u53ef\u83b7\u5f97\u7684\u8d22\u52a1\u4fe1\u606f<\/strong><\/li>\n
    • \u884c\u4e1a\u73af\u5883\u53ca\u5b8f\u89c2\u7ecf\u6d4e\u72b6\u51b5<\/li>\n
    • \u4e00\u4e9b\u975e\u7edf\u8ba1\u6027\u7684\u91cf\u5316\u6307\u6807<\/strong><\/li>\n<\/ul>\n

      \u5f53\u4ea4\u6613\u5bf9\u624b\u63d0\u4f9b\u5145\u5206\u7684\u8d22\u52a1\u8d44\u6599\u65f6\uff0cValtech \u53ef\u4ee5\u534f\u52a9\u5ba2\u6237\u8fdb\u884c\u7cfb\u7edf\u6027\u7684\u4fe1\u7528\u5206\u6790<\/strong>\uff0c\u4ece\u800c\u66f4\u5408\u7406\u5730\u786e\u5b9a**\u8fdd\u7ea6\u6982\u7387\uff08Probability of Default, PD\uff09**\u7b49\u5173\u952e\u53c2\u6570\u3002<\/p>\n

      \u5982\u679c\u4ea4\u6613\u5bf9\u624b\u7f3a\u4e4f\u516c\u5f00\u8d22\u52a1\u4fe1\u606f\uff0cValtech \u4ecd\u7136\u53ef\u4ee5\u5efa\u7acb\u98ce\u9669\u8bc4\u4f30\u5206\u6790\u6846\u67b6<\/strong>\uff0c\u901a\u8fc7\u5206\u6790\u4ea4\u6613\u5bf9\u624b\u7684\u5173\u952e\u7279\u5f81\uff0c\u4f8b\u5982\uff1a<\/p>\n

        \n
      • \u884c\u4e1a\u5c5e\u6027<\/li>\n
      • \u5730\u7406\u533a\u57df<\/li>\n
      • \u5386\u53f2\u4ed8\u6b3e\u884c\u4e3a<\/li>\n
      • \u4ea4\u6613\u5173\u7cfb\u53ca\u5546\u4e1a\u80cc\u666f<\/li>\n<\/ul>\n

        \u5e76\u5c06\u8fd9\u4e9b\u56e0\u7d20\u6620\u50cf\u81f3\u7ecf\u8fc7\u524d\u77bb\u6027\u8c03\u6574\u7684\u8fdd\u7ea6\u7387\u6570\u636e<\/strong>\u3002<\/p>\n

        \u5728\u7814\u7a76\u5ba1\u8ba1\u673a\u6784\u53ca\u76d1\u7ba1\u673a\u6784\u5bf9 ECL \u6570\u636e\u6e90\u7684\u610f\u89c1\u540e\uff0cValtech \u4ea6\u4f18\u5316\u4e86\u5176\u65b9\u6cd5\u8bba\u3002\u5728\u6570\u636e\u6e90\u65b9\u9762\uff0c\u6211\u4eec\u66f4\u503e\u5411\u4e8e\u4f7f\u7528\u5e02\u573a\u76f8\u5173\u6027\u66f4\u9ad8\u7684\u8fdd\u7ea6\u7387\u53ca\u56de\u6536\u7387\u6570\u636e<\/strong>\uff0c\u5e76\u6839\u636e\u4ea4\u6613\u5bf9\u624b\u7279\u5f81\u8fdb\u884c\u5339\u914d\uff0c\u800c\u51cf\u5c11\u5355\u7eaf\u4f9d\u8d56\u4fe1\u7528\u8bc4\u7ea7\u673a\u6784\u53d1\u5e03\u7684\u5168\u7403\u7edf\u8ba1\u8d44\u6599<\/strong>\u3002\u8fd9\u79cd\u505a\u6cd5\u6709\u52a9\u4e8e\u66f4\u51c6\u786e\u53cd\u6620\u4f01\u4e1a\u5b9e\u9645\u9762\u4e34\u7684\u4fe1\u7528\u98ce\u9669\u73af\u5883\u3002<\/p>\n

        \u00a0<\/strong><\/p>\n

        \u63d0\u5347\u8d22\u52a1\u62a5\u544a\u7684\u53ef\u9760\u6027\u4e0e\u5ba1\u8ba1\u53ef\u63a5\u53d7\u6027<\/strong><\/p>\n

        \u4e00\u4e2a\u8bbe\u8ba1\u5b8c\u5584\u7684 ECL \u6846\u67b6\u5e94\u5f53\u5b9e\u73b0\u4ee5\u4e0b\u76ee\u6807\uff1a<\/p>\n

          \n
        • \u786e\u4fdd\u65b9\u6cd5\u8bba\u7b26\u5408<\/strong> IFRS 9 \/ HKFRS 9 <\/strong>\u7684\u8981\u6c42<\/strong><\/li>\n
        • \u5408\u7406\u7ed3\u5408\u5386\u53f2\u635f\u5931\u6570\u636e\u4e0e\u524d\u77bb\u6027\u4fe1\u606f<\/strong><\/li>\n
        • \u63d0\u4f9b\u900f\u660e\u4e14\u6e05\u6670\u7684\u5047\u8bbe\u53ca\u8ba1\u7b97\u8fc7\u7a0b<\/strong> documentation<\/strong><\/li>\n
        • \u63d0\u9ad8\u5ba1\u8ba1\u53ef\u63a5\u53d7\u6027\u53ca\u8d22\u52a1\u62a5\u544a\u8d28\u91cf<\/strong><\/li>\n<\/ul>\n

          \u901a\u8fc7\u7ed3\u5408\u4f30\u503c\u4e13\u4e1a\u77e5\u8bc6\u3001\u4fe1\u7528\u98ce\u9669\u5206\u6790\u6280\u672f\u4ee5\u53ca\u5e02\u573a\u6570\u636e\u7814\u7a76<\/strong>\uff0cValtech \u80fd\u591f\u534f\u52a9\u5ba2\u6237\u5efa\u7acb\u65e2\u5177\u5b9e\u52a1\u53ef\u64cd\u4f5c\u6027<\/strong>\u53c8\u5177\u5ba1\u8ba1\u7a33\u5065\u6027<\/strong>\u7684 ECL \u8bc4\u4f30\u6846\u67b6\u3002<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

          Valtech \u6700\u8fd1\u5b8c\u6210\u4e86\u4e00\u9879\u5173\u4e8e\u9884\u671f\u4fe1\u7528\u635f\u5931\uff08Expected Credit Loss, ECL\uff09\u8bc4\u4f30\u7684\u54a8\u8be2\u9879\u76ee\uff0c\u534f\u52a9\u5ba2\u6237\u4f18\u5316\u5176 ECL \u8bc4\u4f30\u65b9\u6cd5\u3001\u8ba1\u7b97\u6d41\u7a0b\u4ee5\u53ca\u76f8\u5173\u4f1a\u8ba1\u62ab\u9732\u3002\u8be5\u5ba2\u6237\u4ece\u4e8b\u8fdb\u53e3\u5546\u54c1\u7684\u56fd\u9645\u8d38\u6613\u5206\u9500\u4e1a\u52a1\uff0c\u5ba2\u6237\u7fa4\u5305\u62ec\u4f01\u4e1a\u5ba2\u6237\u53ca\u5206\u9500\u5546\u3002\u5bf9\u4e8e\u62e5\u6709\u5927\u91cf**\u5e94\u6536\u8d26\u6b3e\uff08trade receivables\uff09\u7684\u4f01\u4e1a\u800c\u8a00\uff0c\u91c7\u7528\u7b80\u5316\u6cd5\uff08simplified approach\uff09\u5e76\u4f7f\u7528\u51c6\u5907\u77e9\u9635\uff08provision matrix\uff09**\u8ba1\u7b97\u9884\u671f\u4fe1\u7528\u635f\u5931\u662f\u4e00\u79cd\u5e38\u89c1\u4e14\u88ab\u4f1a\u8ba1\u51c6\u5219\u63a5\u53d7\u7684\u505a\u6cd5\u3002\u76f8\u5173\u4f1a\u8ba1\u51c6\u5219\u4ea6\u660e\u786e\u6307\u51fa\uff0c\u51c6\u5907\u77e9\u9635\u662f\u4e00\u79cd\u53ef\u63a5\u53d7\u7684\u5b9e\u52a1\u65b9\u6cd5\u3002<\/p>\n","protected":false},"author":1,"featured_media":6486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,150],"tags":[165,148],"class_list":{"0":"post-6488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category--cn","9":"tag-ecl-cn","10":"tag--cn"},"_links":{"self":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/comments?post=6488"}],"version-history":[{"count":3,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6488\/revisions"}],"predecessor-version":[{"id":6491,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6488\/revisions\/6491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media\/6486"}],"wp:attachment":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media?parent=6488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/categories?post=6488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/tags?post=6488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}