ISDA Responds to the EFRAG Request on IASB’s ED/2017/3 Prepayment Features with Negative Compensation

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ISDA has responded to European Financial Reporting Advisory Group’s (EFRAG) request for comments on the International Accounting Standards Board’s (IASB) proposal to amend IFRS 9 Financial Instruments to enable companies to measure certain pre-payable financial assets with so-called negative compensation options. ISDA’s members have stressed the importance to limit any amendments made to IFRS 9 due to the short timetable available to its implementation and which could potentially have unintended consequences for other financial instruments.

Documents (1) for ISDA Responds to the EFRAG Request on IASB’s ED/2017/3 Prepayment Features with Negative Compensation