This IFRS newsletter reports on the IASB’s October discussions on financial instruments.
Further progress has been made in exploring the classification of claims with alternative settlement outcomes.
At its October meeting, the Board discussed claims where the issuing entity can choose between alternative settlement outcomes and considered whether economic incentives should affect the classification.
“Broader consideration of economic incentives in the classification of claims with alternative settlement outcomes would represent a significant change from current practice.”
KPMG’s global IFRS financial instruments leader
The macro hedge accounting project was not discussed during the October meeting.
For more detail on these discussions, read Issue 33 of our IFRS Newsletter: Financial Instruments (PDF 515 KB).
The next steps for the project will be to consider the:
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