HOPEX IRM (ERM, Internal Control, LDC) > HOPEX LDC > Collecting Incidents > Recording Incident-Linked Amounts
Recording Incident-Linked Amounts
 
Accessing Incident Financial Analysis
Entering a Loss
Defining scope of a loss
Entering Gains
Recording Recoveries
Recording Provisions
Viewing Incident-Linked 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 can concern 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.