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Thursday 24 July 2014

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IFRS Interpretations Committee

Financial Instruments: Presentation—Classification of a financial instrument that is mandatorily convertible into a variable number of shares (subject to a cap and a floor) but gives the issuer the option to settle by delivering the maximum (fixed)


 Issues rejected: Agenda decision

IAS 32 Financial Instruments: Presentation: Accounting for a financial instrument that is mandatorily convertible into a variable number of shares subject to a cap and a floor

The Interpretations Committee was asked how an issuer of a financial instrument would assess the substance of a particular contractual feature included in the instrument.

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