Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

23 February 2011

EFRAG supplements comments to the IASB Exposure Draft Hedge Accounting


Default: Change to:


EFRAG hat eine Ergänzung zu seinem Entwurf einer Stellungnahme zu dem IASB Exposure Draft on Hedge Accounting veröffentlicht. Kommentare werden bis zum 2. März 2011 erbeten.


EFRAG issued its draft comment letter to the IASB in response to the Exposure Draft Hedge Accounting (the ED) in January 2011. One of the concerns in the draft comment letter related to the non-eligibility for hedge accounting of a benchmark component in hedging a debt instrument with a negative indexation to the benchmark (the sub-LIBOR issue), which might create an inconsistency with risk management practices. Another concern related to accounting for combinations of financial assets, financial liabilities and derivatives that result in a fixed net return.
During its February 2011 meeting, EFRAG discussed different scenarios dealing with these concerns. It was tentatively agreed to bring this matter to the IASB’s attention.
This document is a supplement to EFRAG's draft comment letter and asks constituents a number of questions on these two concerns.

Press release


© EFRAG - European Financial Reporting Advisory Group


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment