SCHEDULES

SCHEDULE 7Loan relationships and derivative contracts

PART 4Consequential amendments

99

(1)

Schedule 4 to CTA 2009 (index of defined expressions) is amended as follows.

(2)

At the appropriate place in each case insert—

“accounting policy (in Parts 5 and 6)

section 476”;

“accounting policy (in Part 7)

section 710”;

“designated fair value hedge (in Parts 5 and 6)

section 313(7)”;

“hedged item (in Parts 5 and 6)

section 313(7)”;

“hedging relationship (in Parts 5 and 6)

section 475A”;

“relevant contract (in Parts 5 and 6)

section 476(1)”;

“tax-adjusted carrying value (in Parts 5 and 6)

section 465B”;

“tax-adjusted carrying value (in Part 7)

section 702”.

(3)

In the entry for “fair value (in Parts 5 and 6)”, for “313(6)” substitute “ 476(1) ”.

(4)

Omit the following—

(a)

the entry for “carrying value (in Part 7)”;

(b)

the entries for “statement of comprehensive income (in Parts 5 and 6)” and “statement of comprehensive income (in Part 7)”;

(c)

the entries for “the Part 5 one-way exchange effect provisions” and “the Part 7 one-way exchange effect provisions”.