IAS 39 — Macro hedging
Background
Based on the comments received and a series of public roundtable discussions held in March 2003, the IASB launched intensive discussions with interested parties, including banking representatives, to find a way within the principles of IAS 39 Financial Instruments: Recognition and Measurement to accommodate the use of fair value hedge accounting for a portfolio hedge of interest rate risk (sometimes called "macro hedging").
Current status of the project
This project has been completed. Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (Amendments to IAS 39) was issued on 31 March 2004.
Project milestones
Date | Development | Comments |
---|---|---|
21 August 2003 | Exposure Draft published | Comment deadline 14 November 2003 |
31 March 2004 | Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (Amendments to IAS 39) issued | Effective for annual periods beginning on or after 1 January 2005 (same effective date as IAS 39 itself) |