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HOPEX IRM > 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 Computed Amounts Related to the Incident

Gross Loss

Gross actual loss

Recoveries

Net Loss

Net Actual Loss

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.

See also: Specifying Incident Characteristics.