When measuring expected credit losses under IFRS 9 for revolving credit facilities – such as credit cards – determining the period of exposure presents challenges.
The IASB staff provided a summary of the relevant requirements of
IFRS 9 and observations made by ITG members’ at their previous meetings.
This included the following.
The staff informed the Board of their intention to develop educational material on this and other challenging areas – should the need arise – to support IFRS 9 implementation.
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