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Meeting summaries and observer notes


 IASB April 2008


 

The Board published the exposure draft Exposures Qualifying for Hedge Accounting in September 2007. The comment period ended in January 2008. At its meeting in March the Board considered an analysis of the 74 comment letters received.

At this meeting the Board tentatively decided that any amendments to IAS 39 should address only two situations:

  • the designation of a purchased option in its entirety as a hedging instrument of an item that contains no optionality, in such a way that no ineffectiveness results
  • the hedging of inflation risk in particular situations.

The comment letters received in response to the exposure draft confirmed that diversity in practice exists in both situations. The Board will discuss possible amendments at a future meeting.

 

Date: 4/15/2008