Textual Amendments
F1 Substituted by Commission Implementing Regulation (EU) 2015/227 of 9 January 2015 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
F2 Substituted by Commission Implementing Regulation (EU) 2017/1443 of 29 June 2017 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regards to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
they are subject to impairment requirements of IFRS 9;
they are designated at fair value through profit or loss under IFRS 9;
they are within the scope of IAS 37 or IFRS 4.
‘ Forward deposits ’ ;
‘ Undrawn credit facilities ’ which comprise agreements to ‘ lend ’ or provide ‘ acceptance facilities ’ under pre-specified terms and conditions.
‘ Guarantees having the character of credit substitute ’ ;
‘ Credit derivatives ’ that meet the definition of financial guarantee;
‘ Irrevocable standby letters of credit having the character of credit substitutes ’ .
‘ Unpaid portion of partly-paid shares and securities ’ ;
‘ Documentary credits issued or confirmed ’ ;
‘ Trade finance off-balance sheet items ’ ;
‘ Documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions ’ ;
‘ Warranties and indemnities ’ (including tender and performance bonds) and ‘ guarantees not having the character of credit substitutes ’ ;
‘ Shipping guarantees, customs and tax bonds ’ ;
‘Note issuance facilities’ (NIFs) and ‘ Revolving underwritings facilities ’ (RUFs);
‘ Undrawn credit facilities ’ which comprise agreements to ‘ lend ’ or provide ‘ acceptance facilities ’ where the terms and conditions are not pre-specified;
‘ Undrawn credit facilities ’ which comprise agreements to ‘ purchase securities ’ or ‘ provide guarantees ’ ;
‘ Undrawn credit facilities for tender and performance guarantees ’ ;
‘ Other off-balance sheet items ’ in Annex I to CRR.
‘ Credit derivatives ’ that do not meet the definition of financial guarantees are ‘ derivatives ’ under IFRS 9;
‘ Acceptances ’ are obligations by an institution to pay on maturity the face value of a bill of exchange, normally covering the sale of goods. Consequently, they are classified as ‘ trade receivables ’ on the balance sheet;
‘ Endorsements on bills ’ that do not meet the criteria for de-recognition under IFRS 9;
‘ Transactions with recourse ’ that do not meet the criteria for de-recognition under IFRS 9;
‘ Assets purchased under outright forward purchase agreements ’ are ‘ derivatives ’ under IFRS 9;
‘ Asset sale and repurchase agreements as defined in paragraphs (3) and (5) of Article 12 of Directive 86/635/EEC ’ . In these contracts, the transferee has the option, but not the obligation, to return the assets at a price agreed in advance on a date specified or on a date to be specified. Therefore, these contracts meet the definition of derivatives under IFRS 9-Appendix A.