Financial instruments – Focus on prepayment amendments | KPMG | GLOBAL

Financial instruments – IFRS 9 prepayment amendments

Financial instruments – IFRS 9 prepayment amendments

This IFRS newletter reports on the IASB's June discussions on financial instruments.



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We report on the IASB’s discussions at its June meeting.

Discussions on financial instrument projects continue

At its June meeting, the Board discussed feedback received in comment letters responding to the exposure draft Prepayment features with Negative Compensation (the ED). At the same meeting, the IASB staff presented the Board with an education session on dynamic risk management (DRM).

“We support the IASB’s goal of speedy finalisation of the IFRS 9 prepayment amendments. Addressing the numerous issues raised in the comment letters next month will require focused effort.”


Chris Spall

KPMG’s global IFRS financial instruments leader

For more detail on the discussions, read Issue 40 of our IFRS Newsletter: Financial Instruments (PDF 491 KB).

Prepayment features with negative compensation

The Board discussed the feedback received in comment letters on the ED. It agreed on a project plan to re-deliberate key issues at the July Board meeting with a view to issuing final amendments in October 2017.

Dynamic risk management

The IASB staff presented an education session to the Board in which it discussed the main events that impact the composition of the DRM portfolio, the actions taken in response to those events and the relevant information that could be considered for financial reporting.

The Board did not make any decisions, but generally agreed with the staff’s summary of events that result in changes to the DRM portfolio.

Find out more

Visit our IFRS Newsletters page for the latest discussions on these issues.

And go to our IFRS – Financial instruments hot topics page for more on these and other aspects of financial instruments accounting under IFRS.

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