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Monday 27 April 2015

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Novation of derivatives and continuation of hedge accounting

IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 Financial Instruments: Novation of derivatives and continuation of hedge accounting


 Narrow-scope amendments

IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 Financial Instruments: Novation of derivatives and continuation of hedge accounting

The objective is to provide an exception to the requirement for the discontinuation of hedge accounting in IAS 39 and IFRS 9 in circumstances when a hedging instrument is required to be novated to a central counterparty as a result of laws or regulations.

Project stages

Deliberations

Stage completed: May 2013

Deliberations

Narrow-scope amendment published June 2013