It stands for expected credit losses; by definition, it denotes credit losses that are expected to result from default events...

Credit losses that are expected to result from default events associated with financial instruments, financing commitments and financial guarantee contracts,...

A measure of value which is based on re-calculation of the fair value (FV) of an entity's assets and liaibilities...

A measure of value which is based on re-calculation of the fair value of an entity's assets and liaibilities at...

An event (e.g., a transaction, business or financial) that takes place after the end or close of the accounting/ reporting...