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Saturday 25 October 2014

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IFRS 9: Financial Instruments

IASB Meeting Summaries and Observer Notes


 IASB / FASB 1 June 2011


 

 

Representatives from the International Swaps and Derivatives Association (ISDA) and London clearing house group LCH.Clearnet participated in a joint education session to further discuss the role of collateral in the OTC derivatives settlement process. The staff separately presented an analysis of issues involving the unit of account and collateral to the boards. The boards instructed the staff to further analyse conditional versus unconditional netting requirements as well as collateral and unit of account issues. No decisions were made at this meeting.


 

Date: 6/1/2011