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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

DateDevelopmentComments
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

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