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shortening economic loss
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emburkino committed Dec 13, 2024
1 parent 34156c2 commit ba4c7f6
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Showing 4 changed files with 10 additions and 11 deletions.
12 changes: 6 additions & 6 deletions documentation/properties/purpose.md
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Expand Up @@ -42,8 +42,8 @@ The **purpose** property describes the reason behind the creation or usage of th
│ │ └── div_from_money_mkt
│ └── manufactured_dividend
├── donation
├── economic_loss_retail
├── economic_loss_wholesale
├── econ_loss_retail
├── econ_loss_wholesale
├── employee
├── fees
│ ├── credit_card_fee
Expand Down Expand Up @@ -650,8 +650,8 @@ refer to interest cashflows only, and do not include any principal flows
│ └── consumer_buy_to_let
├── commodities_finance
├── construction
├── economic_loss_retail
├── economic_loss_wholesale
├── econ_loss_retail
├── econ_loss_wholesale
├── first_time_buyer
│ └── first_time_buyer_cstr
├── fraud_loss_retail
Expand Down Expand Up @@ -896,13 +896,13 @@ As defined by OSFI Chapter 4, P66 and Chapter 5, P15:
### other
The **other** enum value can be used when none of the other enum values apply or the value is *unknown*.

### economic_loss_retail
### econ_loss_retail
The definition of loss used in estimating Loss Given Default for the reporting segment. When measuring economic loss, as opposed to accounting loss, all relevant factors should be taken into account, including material discount effects and material direct and indirect costs associated with collecting on the exposure.  Reported on Post-CRM basis. Reported after securitization.

Defined in [IRB Credit Data Retail Portfolio Part-1](https://www.osfi-bsif.gc.ca/en/data-forms/reporting-returns/filing-financial-returns/financial-reporting-instructions/irb-credit-data-retail-portfolio-part-1-bd)


### economic_loss_wholesale
### econ_loss_wholesale
It is the definition of loss used in estimating Loss Given Default.  When measuring economic loss, as opposed to accounting loss, all relevant factors should be taken into account, including material discount effects and material direct and indirect costs associated with collecting on the exposure.  Reported on Post-CRM basis.

Defined in [IRB Credit Data Wholesale Portfolio Part-1](https://www.osfi-bsif.gc.ca/en/data-forms/reporting-returns/filing-financial-returns/financial-reporting-instructions/irb-credit-data-wholesale-portfolio-part-1-bb)
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1 change: 0 additions & 1 deletion tests/test_schemas.py
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Expand Up @@ -74,7 +74,6 @@ def len_error(schema, enum, value, length):
"buy_to_let_house_purchase",
"buy_to_let_further_advance",
"cancelled_payout_agreed",
"economic_loss_wholesale",
"firm_operating_expenses",
# DO NOT ADD TO THIS LIST, FIX YOUR ENUM INSTEAD
]
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4 changes: 2 additions & 2 deletions v1-dev/account.json
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Expand Up @@ -369,8 +369,8 @@
"div_from_money_mkt",
"dividend",
"donation",
"economic_loss_retail",
"economic_loss_wholesale",
"econ_loss_retail",
"econ_loss_wholesale",
"employee",
"employee_stock_option",
"escrow",
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4 changes: 2 additions & 2 deletions v1-dev/loan.json
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Expand Up @@ -446,8 +446,8 @@
"commodities_finance",
"construction",
"consumer_buy_to_let",
"economic_loss_retail",
"economic_loss_wholesale",
"econ_loss_retail",
"econ_loss_wholesale",
"first_time_buyer",
"first_time_buyer_cstr",
"fraud_loss_retail",
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