• Our IRB Credit Risk Model is Ready!!! Our Credit Risk Active-IRB Module consists of the following modules.

• Credit Risk Data Collection and Data Quality Module: In this module, the data infrastructure that will supply the data sets required for setup of the IRB model is created, and the credit risk related data are received from the core systems and third party systems. Also, the data quality is controlled via this module.

• PD Modeling & Forecast Module: In this module, the PD modeling is carried out, and the PDs in all categories are calculated and tested.

• LGD Modeling & Forecast Model: In this module, the LGD models are built, and the loss ratios in all collateral categories are calculated and tested.

• Expected PD Module & IFRS 9 Equivalents Module: In this module, certain parameters derived from PD such as the Expected PD required by IFRS 9 are modeled according to various market and sectoral conditions. The equivalents as per IFRS 9 are calculated according to these modules.

• IRB Validation Module: All kinds of model validation of the Rating Systems and IRB parameters are carried out in this module.

• IRB VaR Module; VaR calculations according to IRB modeling are made and reported in this module.

• Stress Test / Scenario Module: Various IRB based stress tests and scenario analyses are made in this module.