Global Standards for the world economy

Friday 28 October 2016

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IFRS 9: Financial Instruments

IASB Meeting Summaries and Observer Notes

 IASB / FASB February 2010



The IASB and FASB held a joint education session on the netting provisions in the ISDA Master Agreement and agreements governing transactions with central counterparties, to discuss their legal meaning, basis and effect and also their commercial effect.

The boards did not make any decisions but the information and understanding gained from this session should help the boards in any future deliberations that may address the accounting for right of offset.


Date: 2/16/2010