Global Standards for the world economy

Thursday 02 April 2020

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The Interpretations Committee decided not to add this issue to its agenda

 15 May 2013

The IFRS Interpretations Committee received a request to clarify how an issuer would classify three financial instruments in accordance with IAS 32 Financial Instruments: Presentation. None of the financial instruments had a maturity date but each gave the holder the contractual right to redeem at any time. The holder’s redemption right was described differently for each of the three financial instruments; however if the holder exercised its redemption right, in each case the issuer had the contractual right to choose to settle the instrument in cash or a fixed number of its own equity instruments.

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