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Treasury Hot Topic New changes to IFRS - The legacy of IAS 39 and now IFRS9 - Are you ready?,[object Object],www.pwc.com,[object Object],Kristof De Smedt, PwC,[object Object]
Agenda,[object Object],1/ Introduction,[object Object],2/ Hedge accounting,[object Object],3/ What new opportunities / challenges will this bring ?,[object Object],4/ Next steps,[object Object],February 2011,[object Object],2,[object Object]
Introduction,[object Object],3,[object Object],February 2011,[object Object]
Background to IFRS 9,[object Object],Replacing IAS 39,[object Object],February 2011,[object Object],4,[object Object],Overall timeline,[object Object],*   Application is subject to EU endorsement,[object Object],** This will be “re-exposed” via workshops or a partial ED or both,[object Object],Effective date should beginning on or after 1 January 2013, with earlier application permitted,[object Object]
Background to IFRS 9,[object Object],IASB Objectives,[object Object],			         versus,[object Object],	         Users			        Preparers,[object Object],February 2011,[object Object],5,[object Object]
Hedge accounting,[object Object],6,[object Object],February 2011,[object Object]
Hedge accounting - overview,[object Object],February 2011,[object Object],7,[object Object],Rebalancing/ Discontinuation,[object Object],Presentation/ Accounting mechanics,[object Object],Disclosures,[object Object],Qualification,[object Object],Hedging instrument,[object Object],Hedged item,[object Object]
Hedge accounting ,[object Object],[object Object],February 2011,[object Object],8,[object Object],[object Object],[object Object]
Hedge accounting ,[object Object],[object Object],February 2011,[object Object],10,[object Object],[object Object]
Synthetic  exposure
Options
Rebalancing,[object Object]
Hedge accounting ,[object Object],[object Object],February 2011,[object Object],12,[object Object],[object Object]
Synthetic  exposure
Options
Rebalancing
De-designation
CFH: basis adjustment
FVH: mechanics ,[object Object]
Hedge accounting ,[object Object],[object Object],February 2011,[object Object],14,[object Object],[object Object]
Synthetic  exposure
Options
Rebalancing
De-designation

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