Explainers
- Deterministic private credit valuation under IFRS 13 — How a deterministic IFRS 13 fair-value mark is built — a single cashflow path, a market-participant discount rate, Day-1 calibration and sensitivity disclosure.
- Deterministic vs stochastic valuation — When a single-path deterministic model is right for private credit, when stochastic modelling earns its complexity, and why determinism wins on reproducibility and audit.
- Day-1 calibration of private credit marks — IFRS 13 takes the origination price as fair value on Day 1. How calibration solves the implied spread, carries it forward on documented drift, and keeps the mark defensible.
- How often should private credit be revalued? — Quarterly marks are a process constraint, not an accounting one. What drives revaluation frequency, why the market is moving to monthly and on-demand, and what on-demand requires.
- What makes a private credit valuation audit-ready — A mark is audit-ready when an auditor can challenge any figure and it answers from evidence: calibration, sensitivity, reproducibility, independence and documentation.
- Independent valuation and conflicts of interest — Why independence is the core of a defensible private credit mark, where conflicts arise across in-house, advisory and engine delivery models, and what genuine independence requires.
Glossary
New to the vocabulary? The private credit valuation glossary defines the key terms — fair value, Level 3, discount margin, calibration, unitranche, valuation committee — in plain English and in technical terms.
Compare and explore
- Engine, advisory or platform — three ways to mark a private credit book, compared.
- Valuation methodology — the full, versioned statement of how Verus prices private credit.
- Sample report — a Verus valuation, screen by screen.
Independent valuation, on your own positions
markst values private credit independently on a published, reproducible methodology — marks an auditor and an LP can read straight through. Request access or book a demo. You can also read the valuation methodology or see Verus, the valuation engine.