ISDA has responded to the European Financial Reporting Advisory Group’s (EFRAG) invitation to comment on the EFRAG’s Assessment on Prepayment Options with Negative Compensation, and requests EFRAG to urgently support the EU endorsement of the International Accounting Standards Board’s (IASB) IFRS 9 amendments. The objective of the amendment is to address the classification of particular financial assets with prepayment options when applying IFRS 9 Financial Instruments. More precisely, this issue addresses the situation in which the party that exercises an option to prepay a financial asset could receive a compensation payment from the other party. This is referred to as negative compensation.
Documents (2) for ISDA Responds to EFRAG on Prepayment Options with Negative Compensation
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ISDA/IIB/SIFMA request to extend 22-14
This joint ISDA/IIB/SIFMA letter requests reporting relief for certain non-US swap dealers in Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom with respect to their swaps with non-US persons. The joint trade association letter, submitted to CFTC...
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