IAS 39 Hedge Accounting e Interest Rate Risk Management
The object of this paper is to investigate the role of interest rate risk measures set out in an immunization theory framework for the control of the hedge effectiveness test, as specified in IAS 39. In particular, the case of a cash flow hedge is analyzed and attention is drawn to how the use of interest rate risk management strategies based on the alignment of first order risk indexes does not guarantee the effectiveness of the prospective (ex-ante) and retrospective (ex-post) tests.
|Date of creation:||Jul 2007|
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