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GRC - Governance, Risk & Compliance > HOPEX LDC > Collecting Incidents > Recording Incident-Related Amounts

Recording Incident-Related Amounts

Accessing Incident Financial Analysis

Entering Losses

Defining the Scope of a Loss

Entering Gains

Entering Recoveries

Entering Provisions

Viewing Incidents Computed Amounts

Gross Loss

Gross actual loss

Recoveries

Net loss

Net Actual Loss

Filtering Incident-Related Amounts

When the incident has been declared, we can record amounts linked to the incident and its consequences, for example losses.

A loss is the negative financial result of an event.

A gain is the positive financial consequence of an incident.

A provision is an amount deducted from the result to cover risks or unexpected charges. Several provisions may relate to a single risk.

A recovery is a sum, which in certain circumstances can reduce the amount of losses linked to operational risk. It enables recovery of a proportion of the amounts involved in the incident.

See also: Specifying Incident Characteristics.