Debt instruments at FVOCI
Debt instruments at FVOCI – A debt instrument is classified as subsequently measured at fair value through other comprehensive income (FVOCI) under IFRS 9 if it meets both of the following criteria:
- Hold to collect and sell business model test: The asset is held withi
- SPPI contractual cash flow characteristics test: The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
This business model typically involves greater frequency and volume of sales than the hold … Read more