Document ID: chunk:federal_register_of_legislation:F2024C00047:front:0:p17
Version: federal_register_of_legislation:F2024C00047
Segment Type: other
Provision Reference: 
Character Range: 42872–45779

it shall disclose:
(a) for credit derivatives that have been used to manage the credit risk of financial instruments designated as measured at fair value through profit or loss in accordance with paragraph 6.7.1 of AASB 9, a reconciliation of each of the nominal amount and the fair value at the beginning and at the end of the period;
(b) the gain or loss recognised in profit or loss on designation of a financial instrument, or a proportion of it, as measured at fair value through profit or loss in accordance with paragraph 6.7.1 of AASB 9; and
(c) on discontinuation of measuring a financial instrument, or a proportion of it, at fair value through profit or loss, that financial instrument's fair value that has become the new carrying amount in accordance with paragraph 6.7.4 of AASB 9 and the related nominal or principal amount (except for providing comparative information in accordance with AASB 101, an entity does not need to continue this disclosure in subsequent periods).

     Uncertainty arising from interest rate benchmark reform

     24H For hedging relationships to which an entity applies the exceptions set out in paragraphs 6.8.4–6.8.12 of AASB 9 or paragraphs 102D–102N of AASB 139, an entity shall disclose:

          (a) the significant interest rate benchmarks to which the entity's hedging relationships are exposed;

          (b) the extent of the risk exposure the entity manages that is directly affected by the interest rate benchmark reform;

          (c) how the entity is managing the process to transition to alternative benchmark rates;

          (d) a description of significant assumptions or judgements the entity made in applying these paragraphs (for example, assumptions or judgements about when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the interest rate benchmark-based cash flows); and

          (e) the nominal amount of the hedging instruments in those hedging relationships.

Additional disclosures related to interest rate benchmark reform
24I To enable users of financial statements to understand the effect of interest rate benchmark reform on an entity's financial instruments and risk management strategy, an entity shall disclose information about:
(a) the nature and extent of risks to which the entity is exposed arising from financial instruments subject to interest rate benchmark reform, and how the entity manages these risks; and
(b) the entity's progress in completing the transition to alternative benchmark rates, and how the entity is managing the transition.
24J To meet the objectives in paragraph 24I, an entity shall disclose:
(a) how the entity is managing the transition to alternative benchmark rates, its progress at the reporting date and the risks to which it is exposed arising from financial instruments because of the transition;
(b)