Details: the broad scope of rating agency or its subsidiary shall be as per the following: ecl model validation denotes the processes used to ensure that the credit risk assessment and measurement model used for the derivation of expected credit loss can generate accurate, consistent and unbiased predictive estimates, on an ongoing basis. throughout ind as 109: validation to be performed throughout ind as 109 model lifecycle. it includes using range of qualitative and quantitative tests to ensure that model is appropriate , accurate and reflective of underlying risks. validation techniques: back testing and other relevant techniques to be used to analyse the model’s performance on historic data by comparing actual values to forecasted values reviewing model inputs: ensuring that the data used to estimate ecl allowances is relevant, accurate, reliable, and complete assessing model design: ensuring that the model's underlying theory is conceptually sound and generally accepted evaluat
Sector: Renewable Energy