2013年4月25日 我々は、契約上のキャッシュ・フロー特性の評価に関して、現行の IFRS 第 9 号の原則 を. 報告事項（２）. 財務会計 business model and the contractual cash flow characteristics assessments in IFRS 9 to determine classifications of 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. Assessing the cash flow characteristics also includes an analysis of changes in the timing or in the amount of payments. It is necessary to assess whether the cash flows before and after the change represent only repayments of the nominal amount and an interest rate based on them. Do the SPPI contractual cash flow characteristics test summarises the classification of financial assets. A typical example of an instrument where the contractual cash flows would not meet SPPI would be a debt instrument with an interest rate that is linked to the issuer’s share price. Similarly, a debt instrument with an equity conversion feature, under which the holder has an option to convert the debt instrument into a fixed number of the issuer’s equity shares on maturity, would not 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.
appropriate financial assets passing the contractual cash flow characteristics assessment. There are still some financial assets of the banking book that may not pass the SPPI test even though an amortized cost measurement would provide 18 Oct 2016 Contractual Cash Flow Characteristics (a.k.a. SPPI) Test. In order for a financial asset to be classified as either amortized cost or FVOCI, the asset must have contractual cash flows that represent “solely payments test” and the “contractual cashflow characteristics test” are satisfied. Unless the asset satisfies both of the tests, it will be accounted for at fair value through profit or loss (FVTPL). The business model test asks whether the objective of the entity's.
Definition For any financial Contract, Contractual Cash Flows (also Scheduled Cashflows) denotes the Cash Flow (money) exchanges between the contracting parties as stipulated in the contract documentation (loan agreement, Terms Sheet, Prospectus etc.). Business model test is met, i.e. you hold the financial assets only to collect contractual cash flows (not to sell them), and; Contractual cash flows’ characteristics test is met, i.e. the cash flows from the asset are only the payments of principal and interest. Examples: debt securities, receivables, loans. 2.1 Contractual cash flow characteristics test In order for a financial asset to qualify for amortised cost or FVOCI it needs to give rise to cash flows that are ‘solely payments of principal and interest’ on the principal amount outstanding.1 This assessment is colloquially referred to as the SPPI test. It is performed at an instrument level. A financial asset would meet the requirements of the contractual cash flow characteristics assessment if the contractual terms of the instrument “give rise on specified dates to cash flows that are solely payments of principal and interest [SPPI] on the principal amount outstanding.” the contractual cash flow characteristics test and the business model assessment. • Entities are advised to analyse early the impact of the new classification and measurement model as it could lead to higher profit or loss volatility and could have an impact on capital. • The classification and measurement requirements must be adopted The SPPI contractual cash flow characteristics test 15 3.1.2.1. Modified time value of money 17 3.1.2.2. Regulated interest rates 18 3.1.2.3. Prepayment and extension terms 19 3.1.2.4. Other provisions that change the timing or amount of cash flows 20 3.1.2.5. Other examples 21 3.2. Debt instruments at FVOCI 22 3.3. Equity investments at FVOCI 25 3.4. Cash flow characteristics (SPPI test)” If an individual deal is carrying such an embedded option, it will automatically receive the assignment “Not SPPI”. In any other case, it is assumed that the individual deal meets the criteria for “solely payment of principal and interest”.
3 Contractual cash flows characteristics test 13 3.1 Principal 14 3.2 Interest 14 3.2.1 Consideration for the time value of money 14 3.3 Leverage 15 3.4 Terms that change the contractual cash flows 16 3.4.1 Prepayment or extension options 17 3.4.2 De minimis and non-genuine contractual terms 17 3.5 Impact of collateral or subordination 17 Business model test is met, i.e. you hold the financial assets only to collect contractual cash flows (not to sell them), and; Contractual cash flows’ characteristics test is met, i.e. the cash flows from the asset are only the payments of principal and interest. Examples: debt securities, receivables, loans.
Contractual cash flows' characteristics test is met, i.e. the cash flows from the asset are only the payments of principal and interest. Examples: debt securities, receivables, loans. At fair value through other comprehensive income (FVOCI) Here, 9 May 2015 Those contractual cash flows are inconsistent with a basic lending arrangement. As a result, the instrument would not pass the contractual cash flow characteristics test unless such a feature is de minimis or non-genuine. The cash flow characteristics test – to pass this test, the contractual cash flows collected must consist solely of payment of interest and capital. If this is not the case, the test is failed and the financial asset reverts to the default classification to be IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses The classification is dependent on two tests, a contractual cash flow test (named SPPI as Solely Payments of Principal and update, de minimis and "non-genuine" features can be disregarded from the test, meaning that a de minimis feature would not preclude business model for managing financial assets and their contractual cash flow characteristics: Is the objectiv e of the entity's business model to The test compares the contractual undiscounted cash flows on this bond to those on a bond that appropriate financial assets passing the contractual cash flow characteristics assessment. There are still some financial assets of the banking book that may not pass the SPPI test even though an amortized cost measurement would provide 18 Oct 2016 Contractual Cash Flow Characteristics (a.k.a. SPPI) Test. In order for a financial asset to be classified as either amortized cost or FVOCI, the asset must have contractual cash flows that represent “solely payments