Credit break and FRS 17: Difference between pages

Revision as of 09:05, 11 August 2015

The former UK Financial Reporting Standard 17, dealing with retirement benefits.

Effective for periods commencing on or before 31 December 2014.

Employee benefits are covered by Section 28 of FRS 102 for reporting periods starting on or after 1 January 2015.

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-A credit break is a break clause in a derivatives contract which provides for the release of one or both of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties.
+The former UK Financial Reporting Standard 17, dealing with retirement benefits.
+Effective for periods commencing on or before 31 December 2014.
+Employee benefits are covered by Section 28 of FRS 102 for reporting periods starting on or after 1 January 2015.
 == See also ==
-* [[Break clause]]
+* [[Deficit]]
-* [[Creditworthiness]]
+* [[Defined benefit pension scheme]]
-* [[Derivative instrument]]
+* [[IAS 26]]
-* [[Mutual break]]
+* [[Statement of total recognised gains and losses]]
+* [[FRS 102]]
-[[Category:Treasury_operations_infrastructure]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Compliance_and_audit]]
 [[Category:Manage_risks]]
-[[Category:Risk_frameworks]]