This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IAS 39 — Macro hedging


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

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)

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.