curl --request POST \
  --url https://api.fincept.in/quantlib/regulatory/ifrs9/sicr \
  --header 'Content-Type: application/json' \
  --header 'X-API-Key: <api-key>' \
  --data '
{
  "origination_pd": 0.008,
  "current_pd": 0.022,
  "threshold_absolute": 0.005,
  "threshold_relative": 2
}
'

{
  "success": true,
  "data": {
    "significant_increase": true,
    "origination_pd": 0.008,
    "current_pd": 0.022
  }
}

quantlib-regulatory

Test for Significant Increase in Credit Risk

Determines whether a financial asset has experienced a Significant Increase in Credit Risk (SICR) under IFRS 9, which triggers the transition from Stage 1 (12-month ECL) to Stage 2 (lifetime ECL). Tests both absolute and relative thresholds: absolute threshold checks if PD increase exceeds a fixed amount (e.g., 0.5%), relative threshold checks if current PD is a multiple of origination PD (e.g., 2x). Either trigger results in SICR. Use this for loan staging decisions, ECL provisioning methodology, and audit documentation of stage transitions. [Tier: ENTERPRISE, Credits: 10]

POST

quantlib

regulatory

ifrs9

sicr

curl --request POST \
  --url https://api.fincept.in/quantlib/regulatory/ifrs9/sicr \
  --header 'Content-Type: application/json' \
  --header 'X-API-Key: <api-key>' \
  --data '
{
  "origination_pd": 0.008,
  "current_pd": 0.022,
  "threshold_absolute": 0.005,
  "threshold_relative": 2
}
'

{
  "success": true,
  "data": {
    "significant_increase": true,
    "origination_pd": 0.008,
    "current_pd": 0.022
  }
}

Authorizations

X-API-Key

string

header

required

API key for authentication. Get your key at https://api.fincept.in/auth/register

Body

application/json

origination_pd

number

required

Probability of Default at origination/initial recognition

Required range: 0 <= x <= 1

Example:

0.008

current_pd

number

required

Current Probability of Default

Required range: 0 <= x <= 1

Example:

0.022

threshold_absolute

number

default:0.005

Absolute PD increase threshold (e.g., 0.005 = 0.5%). SICR if current_pd - origination_pd > threshold

Example:

0.005

threshold_relative

number

default:2

Relative PD increase threshold (e.g., 2.0 = doubling). SICR if current_pd / origination_pd > threshold

Example:

2

Response

SICR assessment completed successfully

success

boolean

Example:

true

data

object

Show child attributes

Free Tier (0 credits)

Basic Tier (1 credit)

Standard Tier (2 credits)

Pro Tier (5 credits)

Enterprise Tier (10 credits)

Test for Significant Increase in Credit Risk

Authorizations

Body

Response