REVIEW JURNAL
Judul Haitong : Accounting In Securities Margin Financing
Jurnal Asia Case Research Centre
Volume HK1275
Tahun 2021
Penulis Xu Li, Tsun Kan Kwan
Reviewer Viona Anjelia
Tanggal 08 Desember 2023
Abstrak The financial critis has demonstrated that investor need to be
given a better understanding of information presented in the
financial statement about financial instruments held or issued
by a company. Making it easier for investors to understand
financial statements is an essential ingredient to the recovery
of investor confidence.
Latar Belakang In wake of the global financial, the international accounting
standards board (IASB) commenced the development of IFRS
9. The then existing International Accounting Standard 39
(UAS 39) Financial Recognition and Measuremend had been
criticized for being too complex and nonreflective of the
underlying credit risks of financial assets held by entities.
Credit losses, if occurred, were not recognized in a timely way
in the financial statements of the entities.
Object Penelitian Credit event to have occurred before impairment recognition
and credit risk management
Tujuan Penelitian The purpose of this research is Haitong maintained a list of
approved stocks for margin lending at a specified loan to
collateral ratio.
Metodologi Quantitative research that compares Credit risk management to
Penelitian key audit matters
Hasil Understanding the Groups established credit risk policies and
procedures for impairment assessment in relation to the
application of ECL model under HKFRS 9, including model
set-up and approval and selection and application of
assumptions and key inputs into the model.
Understanding the Group’s key controls over ongoing
monitoring processes, including the margin call procedures for
margin shortfall and actions taken by management for
advances to customers in margin financing and the periodic
reviews for identification of any potential delinquency in
principal or interest repayment for the margin loans
Kesimpulan Dan Evaluating, together with Deloitte’s internal valuation
Saran specialists, the reasonableness and appropriateness of the ECL
models and assumptions, information and parameters used in
the model in establishing the forward looking factors and the
relationship between the forward looking factors and key
input, including PD and LGD, in ECL model to determine the
impairment charges of margin loans in stage 1 or 2.
