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instruments mitigate that maximum exposure to credit risk

(c) the amount of change, during the period and cumulatively, in the fair value of the loan or receivable (or group of loans or receivables) that is attributable to changes in the credit risk of the financial asset determined either:

    (i) as the amount of change in its fair value that is not attributable to

     changes in market conditions that give rise to market risk, or

    (ii) using an alternative method the entity believes more faithfully

    represents the amount of change in its fair value that is attributable

    to changes in the credit risk of the asset.

Changes in market conditions that give rise to market risk include changes in an observed (benchmark) interest rate, commodity price, foreign exchange rate or indexes or prices or rates.

(d) the amount of the change in the fair value of any related credit derivatives or similar instruments that has occurred during the period and cumulatively since the loan or receivable was designated.

10. If the entity has designated a financial liability as at fair value through profit or loss in accordance with IAS 39.9, it shall disclose:

(a) the amount of change, during the period and cumulatively, in the fair value of the financial liability that is attributable to changes in the credit risk of that liability determined either

    (i) as the amount of change in its fair value that is not attributable to

    changes in market conditions that give rise to market risk (see

    Appendix B, B4); or

    (ii) using an alternative method the entity believes more faithfully

    represents the amount of change in its fair value that is attributable

    to changes in the credit risk of the liability.

Changes to market conditions that give rise to market risk include changes in a benchmark interest rate, the price of another entity’s financial instrument, a commodity price, a foreign exchange rate

Unlikely to arise

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