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 will make the following adjustments to the PORFIN application:
- Adjust Credit Exposure Template.
- Adjust Volatilities Screen by Credit Factor.
Adjust Volatility Calculation for SFC only when volatility provider is SFC and volatility indicator is IBR interest rate.

According to the third instruction of the circular, the Colombian Actions risk factor will continue to be managed with the IGBC factor and Global Actions 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 will make 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
As of January 1, 2022 ----------- 1.4

For more details on the standard, please contact the Alfa GL commercial area or your account manager.

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