Transcription of Financial Instruments - EY
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Financial Instruments - EY
Financial InstrumentsA summary of IFRS 9 and its effectsMarch 2017 IFRS 9 Financial Instruments RoadmapFVOCI(no rec ycling)Debt (including hybrid contr acts)DerivativesEquity(at instrument level)Conditional fair value option (FVO) elected? B usiness model test (at an aggregate level)Hold-to-collect contr actual cash Neither (1) nor (2)Amortised costFVOCI option elected ?BM with objective that results in Pas sYesYesNoNoFVOCI(with rec yclingFVTPLHeld for trading?FailNoNoFailFailBusiness model testChange in circumstancesRelevant information Performance evaluation & reporting Risks & risk management Remuneration It ems managed together Por tfolio segmentationUnit of accountResidual cat egory ver sus positive Collection of cash Relevance of salesType of objectiveBusiness model assessmentChanges in cr edit riskImpairment modelChange in credit risk since initial rec ognitionStage 1 Stage 2 Stage 3 Loss allowance updated at each reporting dateLifetime ECL criterionIn ter est revenue rec ognised (cr edit losses that result from default events that are possible within the next 12-months)(whether on an individual or collective basis)initial rec ognitionEffective Inter est Rat e (EIR) on gross carrying amountEIR on gross carrying amountEIR on amortised cost(gr oss carrying amount le ss loss allowance))
FVOCI (no recycling) Debt (including hybrid contracts) Derivatives Equity (at instrument level) FVOCI FVOCI Conditional fair value option (FVO) 5 Financial Instruments A summary of IFRS 9 and its effects
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