GraceFinance · Source-backed public company research
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM)
NYSE · Finance, Insurance & Real Estate · Commercial Banks, NEC
Core research established · 4/4 core data layers currently established
What CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ does
and government loan portfolios, we determine a SICR based on relative changes in internal risk ratings since initial recognition. Significant judgment is involved in the determination of the internal risk ratings. Deterioration or improvement in the risk ratings or adjustments to the risk rating downgrade thresholds used to determine a SICR can cause significant migration of loans and securities between stage 1 and stage 2, which in turn can have a significant impact on the amount of ECL allowances recognized. While potentially significant to the level of ECL allowances recognized, the thresholds for changes in PDs that are indicative of a SICR for our retail portfolios and the risk rating downgrade thresholds used to determine a SICR for our business and government loan portfolios are not expected to change frequently.
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