IAN SPPI Lens

Evidence-led IFRS 9 screening, read from the contractual terms themselves.

65 tests. Clause-level evidence. A result you can put in front of your auditor.

Illustrative screening only. Not an accounting determination.

Upload your prospectus

Attach one or more offering documents. Each is assessed on its own and returns its own report.

Access is not yet open. To request it, email info@insuranceassetnews.com.

Drag PDFs here, or choose files

The prospectus, offering circular, listing particulars or final terms — whichever governs each instrument. PDF, up to 50MB each. Each must have a text layer; a scan cannot be read.

Issued under a programme? Final terms on their own are thin: they complete the conditions rather than contain them, so a term that lives in the base prospectus reads as absent. Attach the base prospectus as well, or combine the two into one PDF.

Terms of use

DRAFT — pending legal review. The terms and the notice have not been settled by a lawyer and will be replaced. They are shown, and acceptance recorded, so the tool is never used without them.

The report is a screening aid, not accounting advice. It is an opinion on the contractual terms of the document you upload, produced to help a reviewer find the features that matter. A qualified person must sign off any classification decision.
The verdict depends entirely on the document assessed. You choose the file. It is not verified as the governing offering document for the name you type, and the instrument name is a label only. Upload the wrong document and the verdicts describe the wrong instrument.
Insurance Asset News accepts no liability for a classification decision taken in reliance on a report, in whole or in part, however that reliance arises.
Uploaded documents and reports are retained so an assessment can be audited. They are held privately and are not published.
You have read the notice at the foot of this page and accept that the output is an opinion and a screening aid, and never a determination.

I have read and accept the notice at the foot of this page and the terms of use. I understand this tool produces an opinion, not a determination, and that the classification decision and its verification remain mine.

Terms version 2026-08-draft-3 · notice version 2026-08-draft-1. Your acceptance is recorded against your account with the date and time and with both version numbers. If either changes, you are asked again. Access is not open, so nothing is recorded yet.

How it works

You supply the offering document. The tool reads it, finds the clauses that govern the cash flows, and tests them against 65 IFRS 9 criteria. Every verdict comes back with the sentence it relied on, the page that sentence sits on, and the rule applied.

Where a document is silent or ambiguous, the result is “further enquiry”. The tool will not guess.

Access

SPPI Lens is included in an Insurance Asset News subscription. It can also be licensed on its own.

Tell us which suits you: info@insuranceassetnews.com

On your own systems

Some firms would rather no offering document left their network. SPPI Lens can run inside your own environment, with the same 65 tests and the same evidence trail behind every verdict.

If that is the version you need, say so and we will discuss it.

Worked examples

Nine instruments, assessed end to end, so you can see what a report contains before you send us anything.

These are constructed examples rather than real securities, chosen to cover the cases that decide the answer: a plain senior bond, a AAA CLO tranche, a contingent convertible, a sustainability-linked bond, an inflation-linked bond, a securitisation, a foreign-currency bond, a leveraged note and a catastrophe bond.

Read the worked examples →

This is a screening aid, not a determination

It is an opinion. This report is a screening aid. It is not accounting, audit, legal, tax or investment advice, and it is not a determination of anything.
It covers one document, and we did not choose it. The assessment is based solely on the document you supplied. That document has not been independently verified as the governing offering document for the instrument named. If the wrong document was uploaded, the verdicts describe the wrong instrument.
The classification is yours. IFRS 9 classification is the responsibility of the reporting entity and its auditors. Verify every result independently before relying on it for any financial reporting, valuation or investment decision.
The engine can misread a document. A verdict of further enquiry means the document was silent or ambiguous on that point, not that the instrument fails. Treat every verdict as a prompt to read the clause quoted beside it.
No liability, and no professional relationship. Insurance Asset News accepts no liability for any decision taken in reliance on this output. Using this tool creates no professional relationship and is not a substitute for professional advice.

Draft wording, pending legal review. It will be replaced once a solicitor has settled it. (v2026-08-draft-1)