Creating Recovery Rates

If you cannot get recovery amount data in your data extracts, then Deep Future Analytics (DFA) can use the rates entered on the Category Assumptions page in their calculations.

Each of the financial institution's mapped loan categories are listed on the Category Assumptions page.
  1. Navigate to Setup > CECL > Category Assumptions.
  2. Use the calendar to select the historical month for the recovery rates you enter.
  3. Select Yes for the categories that are missing recovery amount data in the Enter Recovery Rate column.
    Note: You cannot set recovery rates for subcategories.
  4. Enter a Rate for each category set to Yes.
    The rates that you enter are sent to DFA to use as part of the analysis to determine the net expected loss amounts.
  5. Select Save after you enter the necessary rates.