Alfa GL Software Financiero

External Circular 010 2021

External Circular 010 2021 issued by the Financial Superintendence of Colombia.

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In accordance with the second instruction of the circular, Alfa GL made the following adjustments to the PORFIN application:
- Adjust Credit Exposure Template.
- Adjust Volatilities Screen by Credit Factor.
Adjust Volatility Calculation for SFC only when the volatility provider is the SFC and the volatility indicator is the IBR interest rate.

In accordance with the third instruction of the circular, the Colombia Shares risk factor will continue to be managed with the IGBC factor and the Global Shares risk factor will continue to be managed with the “Developed World” factor, therefore, no adjustments are made to the application.

In accordance with the fourth instruction of the circular, Alfa GL made the following adjustments to the PORFIN application:
- Adjust parameterization on the Gradual Adjustment Factor Screen, the calculation period:

EC calculation period ------------ Adjustment factor
Until December 31, 2021 -------- 1.2
From January 1, 2022 ----------- 1.4

For further details of the standard, please contact the Alfa GL commercial area.

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