Interest rate option and International Accounting Standards Board: Difference between pages

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(IRO).
(IASB). An independent, privately-funded accounting standard-setter based in the UK.  It is committed to developing a single set of high quality, understandable and enforceable global accounting standards.  
An option relating to interest rates.


Historically this was the right but not the obligation to borrow/lend a specified amount at a specified rate for a specified period.
In addition, it co-operates with national accounting standard-setters to achieve convergence in accounting standards around the world.


More commonly in practice the option is cash-settled based on the difference between the option strike rate and the current market rate.
It works within the IFRS Foundation.


== See also ==
== See also ==
* [[Interest rate]]
* [[Accounting Standards Board]]
* [[Interest rate guarantee]]
* [[Generally accepted accounting principles]]
* [[Option]]
* [[IFRS Interpretations Committee]]
* [[International Financial Reporting Standards]]
 
* [[IFRS Foundation]]

Revision as of 10:16, 6 May 2013

(IASB). An independent, privately-funded accounting standard-setter based in the UK. It is committed to developing a single set of high quality, understandable and enforceable global accounting standards.

In addition, it co-operates with national accounting standard-setters to achieve convergence in accounting standards around the world.

It works within the IFRS Foundation.

See also