International GAAP 2021

Chapter 45Financial instruments: Definitions and scope

• 1 INTRODUCTION
• 2 WHAT IS A FINANCIAL INSTRUMENT?
  • 2.1 Definitions
  • 2.2 Applying the definitions
    • 2.2.1 The need for a contract
    • 2.2.2 Simple financial instruments
    • 2.2.3 Contingent rights and obligations
    • 2.2.4 Leases
    • 2.2.5 Non-financial assets and liabilities and contracts thereon
    • 2.2.6 Payments for goods and services
    • 2.2.7 Equity instruments
    • 2.2.8 Derivative financial instruments
    • 2.2.9 Dividends payable
• 3 SCOPE
  • 3.1 Subsidiaries, associates, joint ventures and similar investments
  • 3.2 Leases
  • 3.3 Insurance and similar contracts
    • 3.3.1 Weather derivatives
    • 3.3.2 Contracts with discretionary participation features
    • 3.3.3 Separating financial instrument components including embedded derivatives from insurance contracts
    • 3.3.4 Credit card contracts and similar arrangements which give rise to insurance risk
    • 3.3.5 Loan contracts that transfer significant insurance risk only on settlement of the policyholder's obligation created by the contract
  • 3.4 Financial guarantee contracts
    • 3.4.1 Definition of a financial guarantee contract
      • 3.4.1.A Reimbursement for loss incurred
      • 3.4.1.B Debt instrument
      • 3.4.1.C Form and existence of contract
    • 3.4.2 Issuers of financial guarantee contracts
    • 3.4.3 Holders of financial guarantee contracts
    • 3.4.4 Financial guarantee contracts between entities under common control
  • 3.5 Loan commitments
  • 3.6 Equity instruments
    • 3.6.1 Equity instruments issued
    • 3.6.2 Equity instruments held
  • 3.7 Business combinations ...