Global Standards for the world economy

Wednesday 18 September 2019

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IFRS 9: Financial Instruments

IASB Meeting Summaries and Observer Notes

 IASB / FASB 1 June 2011



Representatives from the International Swaps and Derivatives Association (ISDA) and London clearing house group LCH.Clearnet participated in a joint education session to further discuss the role of collateral in the OTC derivatives settlement process. The staff separately presented an analysis of issues involving the unit of account and collateral to the boards. The boards instructed the staff to further analyse conditional versus unconditional netting requirements as well as collateral and unit of account issues. No decisions were made at this meeting.


Date: 6/1/2011