INTERNAL PROCESS · KRI · LEADING

FPD5+ by vintageCR-01

2.4%✓ On target◇MANUAL

OPEN ALERTS ON THIS METRIC

OPEN — 0

Nothing open.

ACKNOWLEDGED — 1

KRIFPD5+ by vintageCR-01acknowledged

Value 4.56 against threshold 4.

Head of Credit Risk & Portfolio Management: Jan-26 cohort. Tightening CD-Mobi cut-off from 1 Oct.

THRESHOLD BANDS — PROPOSED_BY_IKIGAI

VINTAGE LOSS CURVES

Is the book we are writing now worse than last year’s?

How much of this is measured: Curve SHAPE between the published points is modelled, not measured — ACF publishes peaks and 12M averages, not a full MOB series. The DWH fact must be built at cohort × channel × scheme × month-on-book or this chart cannot be produced for real (03 §6).

DEFINITION

Formula: FPD5+ balance ÷ vintage disbursed
Unit / direction: pct · lower better
Source system: DWH
Refresh: daily_t1
Target: ≤ 4% (NE pilot)
Target status: From an ACF document
Baseline in context/: 12M 2.71%; Jan-26 cohort 4.56%; CD-Mobi 8.67%

OWNERSHIP — two roles, two people (R-G-02)

Metric owner — owns the target and the result

Head of Credit Risk & Portfolio Management

Data owner — owns the source system and pipeline

IT System Planning

Both proposed by Ikigai and awaiting ACF confirmation (DEC-02).

COMMENTARY — why the number is what it is

Head of Credit Riskperiod 2026-09 · 22 Sep 2026
NPL 21.0% at 30-Jun-2026 is dilution, not recovery: the book grew faster than the bad debt. The guard metric (gross NPL balance) is the honest read and it has not improved.

Commentary is attached to the metric and period, not to a slide. It survives the month — which is what makes a variance reviewable at the next meeting instead of re-argued. Prototype — read-only fixtures; at fullstack this is the COMMENT table with author identity from AD.