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Deloitte comment letter on tentative agenda decision on IAS 39 — Separation of an embedded interest rate floor from a floating rate host contract in a negative interest rate environment

Published on: 30 Nov 2015

We have commented on the IFRS Interpretations Committee's publication in the September IFRIC Update of the tentative decision not to take onto the Committee’s agenda a request to clarify the application of the embedded derivative requirements of IAS 39 Financial Instruments: Recognition and Measurement in a negative interest rate environment.

We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision but believe that additional clarity should be added to the analysis in the tenative agenda decision.

Download the full comment letter below.

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