TICS: Methodology (scoring and weighting)

A number of factors and metrics are widely considered relevant in assessing the financial strength and credit risk of issuers / counterparties.

Please see our ‘TICS: Methodology (scoring and weighting)’ presentation for full details and explanation of the TICS methodology, scoring and weighting.

The presentation explains: each of the TICS Factors; the scoring system for each TICS Factor; the weighting of each TICS Factor within each TICS Category; the scoring system for each TICS Category; the weighting of each TICS Category within the TICS Amalgamated Scorecard; and the scoring system for the TICS Amalgamated Scorecard.

There is also a ‘TICS: Workshop’ video webinar recording for professional advisers.


  • There are 27 ‘TICS Factors’ across 5 ‘TICS Category Scorecards’

Each of the 27 TICS Factors generate a score, ranging between 1 (best) and 10 (worst).

Each of the 27 TICS Factors is attributed a weighting, which are combined to produce the 5 TICS Category Scorecards.

Each of the 5 TICS Categories generate a score, ranging between 1 (best) and 10 (worst).


  • The ‘TICS Amalgamated Scorecard’ combines all of the 27 TICS Factors and 5 TICS Categories

Each of the TICS Category Scorecards is attributed a weighting, which are combined to produce the TICS Amalgamated Scorecard.

The TICS Amalgamated Scorecards is based on a score out of 1,000 (with a low score best and a high score worst).

The TICS Amalgamated Scorecard uses colour to identify the quartile position of each issuer / counterparty.


The colours attributed to each issuer / counterparty in the Amalgamated Scorecard are retained by the issuers / counterparties in the TICS Category Scorecards, making it possible to see at a glance how each issuer / counterparty scores in the TICS Amalgamated Scorecard.

TOP QUARTILE 2ND QUARTILE 3RD QUARTILE BOTTOM QUARTILE
  • The TICS Side-by-Side View’ displays the raw data for the main UK retail structured product issuers / counterparties.
  • Individual ‘TICS Reports’ are provided for each of the main UK retail structured product issuers / counterparties.
  • The ‘TICS Monthly Movement’ summarises any significant changes (positive and negative) in each of the TICS Category Scorecards and the TICS Amalgamated Scorecard each month.

Careful consideration was given to the development of TICS, the TICS Factors and TICS Categories, including the methodology, scoring and weighting and how the TICS Factors and TICS Categories interlink.

We would suggest that the TICS scoring is logical and broadly self-selecting: however, we highlight that the TICS methodology, scoring and weighting is based on our views of the metrics and the relative importance of the TICS Factors and TICS Categories in the TICS Category Scorecards and TICS Amalgamated Scorecard.

It is important that professional advisers using TICS understand what TICS is: and what TICS is not.

TICS MATERIALS FOR PROFESSIONAL ADVISERS