Deloitte comment letter on tentative agenda decision on IFRS 9 — Application of the highly probable requirement in a cash flow hedge relationship

Published on: 21 Nov 2018

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the September 2018 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on how an entity applies the ‘highly probable’ criterion for cash flow hedging when the notional amount of the derivative designated as a hedging instrument (‘load following swap’) varies depending on the outcome of the hedged item (forecast energy sales).

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.

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