IASB publishes "macro hedging" exposure draft

  • IASB Exposure Draft (original) Image

21 Aug 2003

The IASB has issued an exposure draft on 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk', proposing a "macro hedging" amendment to IAS 39. The ED would permit an entity to use fair value hedge accounting for a net portfolio hedge of interest rate risk if specified conditions are met.

This amendment was not among the Amendments to IAS 39 that the Board had proposed in July 2002.

The Board has determined that this change is of a magnitude that warrants the solicitation of public comment. Comment deadline is 14 November 2003.

The Board will issue an amended IAS 39 without the macro hedging proposal by the end of 2003.  A second version of IAS 39 revised, reflecting the final macro hedging decision, is planned for March 2004.

We have prepared a IAS Plus newsletter (PDF 31k) summarising the proposals in the exposure draft.

Click for IASB Press Release (PDF 42k). You can download the ED directly from the IASB's Website (PDF 258k).


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