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Description :
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The Exposure Draft Financial Guarantee Contracts and Credit Insurance proposed that the issuer of a financial guarantee contract should measure the contract initially at fair value. If the financial guarantee contract was issued in a stand-alone arm’s length transaction to an unrelated party, its fair value at inception is likely to equal the premium received. The Exposure Draft also addresses the subsequent measurement of those guarantees. The proposed requirements would apply even if the contract meets the definition of an insurance contract in IFRS 4 Insurance Contracts.
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Working groups :
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EFRAG Technical Expert Group (EFRAG TEG) -
EFRAG Secretariat -
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Current Project Status :
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Published in Official Journal
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Efrag Output
No 'Efrag Output'
Comment Letters
No 'Comment Letters'
Other Input
No 'Other Input'
News Items
No 'Linked News Items'
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