IFRS 13Chapter 7Lesson 1
The portfolio exception: measuring on a net exposure basis
Step 1 of 5Learning objectives
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A group of financial assets and liabilities managed on the basis of their net exposure to market or credit risk may be measured on the basis of the price of a net position, under documented conditions, and the exception is a method choice applied consistently.
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Learning objectives
- Assess whether a group of financial instruments meets the conditions of the portfolio exception.
- Distinguish the contracts covered by the exception from those that are not.
- Calculate the fair value of a net position and prepare the allocation of adjustments to individual items.