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Commission Regulation (EC) No 2086/2004 of 19 November 2004 amended by Regulation (EC) No 1725/2003, Regulation (EC) No 1751/2005,  Regulation (EC) No 1864/2005, Regulation (EC) No 1910/2005 and Regulation (EC) No 2106/2005 

Content

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IAS 39: Financial Instruments: Recognition and Measurement with the addition of the provisions on the use of the fair value optione

 

Objective	1
Scope	2-7
Definitions	8-9
Embedded Derivatives	10-13
Recognition and Derecognition	14-42
Initial Recognition	14
Derecognition of a Financial Asset	15-23
Transfers that Qualify for Derecognition	24-28
Transfers that Do Not Qualify for Derecognition	29
Continuing Involvement in Transferred Assets	30-35
All Transfers	36-37
Regular Way Purchase or Sale of a Financial Asset	35
Derecognition of a Financial Liability	39-42
Measurement	43-70
Initial Measurement of Financial Assets and Financial Liabilities	43-44
Subsequent Measurement of Financial Assets	45-46
Subsequent Measurement of Financial Liabilities	47
Fair Value Measurement Considerations	48-49
Reclassifications	50-54
Gains and Losses	55-57
Impairment and Uncollectibility of Financial Assets	58-62
Financial Assets Carried at Armortised Cost	63-65
Financial Assets Carried at Cost	66
Available - for - Sale Financial Assets	67-70
Hedging	71-102
Hedging Instruments	72-77
Qualifying Instruments	72-73
Designation of Hedging Instruments	74-77
Hedged Items	78-84
Qualifying Items	78-80
Designation of Financial Items as Hedged Items	81
Designation of Non-Financial Items as Hedged Items	82
Designation of Groups of Items as Hedged Items	83-84
Hedge Accounting	85-101
Fair Value Hedges	89-94
Cash Flow Hedges	95-101
Hedge of a Net Investment	102
Effective Date and Transitional Provisions	103-108
Withdrawal of other Pronouncements	109-110
Appendix A (Application Guidance)	AG1-AG133

Index