Derivatives Accounting IFRS9
This programme will give you a deep understanding of derivatives accounting and the application of hedge accounting for the interest rate, inflation and FX markets. Learning is based on an intense use of real cases, applying IFRS9 step-by-step. The new requirements are contrasted with IAS 39 where needed, with detailed discussions on the implementation of new rules.
Case studies and workshops simulate real-life client discussions, and cover the decision-making, documentation requirements, hedge effectiveness assessment and the accounting entries of a hedging strategy during its life.
All participants will receive a copy of Juan Ramirez's book "Accounting for Derivatives: Advanced Hedging under IFRS 9", published by Wiley Finance.
Recommend to a Colleague- Date:
- Please contact us
- Venue:
- Cliftons Singapore - The Finexis Building
- Fee:
This course is also available in London Time Zone and New York Time Zone
This course is FTS-Eligible* and also eligible for CPD hours. GARP & CFA Institute members are eligible for CE/CPD credits. See details
- Derivatives structurers and salespeople
- Derivatives accountants
- Financial managers
- Treasurers
- Derivatives middle-office
- Stock analysts
- Basic understanding of financial statements
- Derivatives instruments: forwards, calls, puts and interest rate swaps (basic level)
*FTS Eligible
This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is
eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does
this represent an endorsement of the quality of the training provider and programme. Participants are
advised to assess the suitability of the programme and its relevance to participants' business activities
or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject
to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme
Directory with the specified validity period. Please refer to www.ibf.org.sg for more information.
Juan Ramirez is a senior professional at a major international bank, having previously worked at a big four accounting firm, advising on specific complex financial instruments and transactions, primarily related to (de)recognition, consolidation and hedging. He also advises banks on Basel III/IV and IFRS 9 issues, as well as being involved in all elements of capital ratios: reporting, measurement, stress testing, planning and optimization.
Juan is one of the best known professionals in hedge accounting and the link between IFRS 9 impairment model and capital. Previously, he was responsible for the marketing of strategic equity derivatives to corporate and banking clients at BNP Paribas in London.
With an MBA from University of Chicago, Juan moved to London to work at JP Morgan (Chase) and later Lehman Brothers, Barclays Capital and Banco Santander. He has devoted more than 20 years to marketing structured derivatives solutions, including commodity, credit, equity, fixed income and FX, and has witnessed at first hand the practical accounting issues related to these markets since the implementation of IFRS.
Juan is the author of “Accounting for Derivatives” and “Handbook of Corporate Derivatives and Equity Capital Markets” published by Wiley
Wiley Finance Published Author.
Request a Brochure with full details for Derivatives Accounting IFRS9
Accounting for FX derivatives
Conceptual Framework
- Introduction to IFRS 9
- Interaction with other IFRS standards
Introduction to FX transactions
- Types of FX exposures
- Functional currency vs. presentation currency
- Chronology of a FX transaction
Workshop: Philips - Hedging a highly expected foreign sale
- Identification of the FX exposure
- Applying hedge accounting - hedging with an FX forward
- Applying hedge accounting - hedging with an option
- Applying hedge accounting - hedging with a tunnel
- Applying hedge accounting - hedging with a knock-in forward
Case Study: Hedging a highly expected foreign purchase
- Identification of the FX exposure
- Applying hedge accounting - hedging with an FX forward
Case Study: Net investment hedge – France Telecom and Everything Everywhere
- Translation of foreign operations
- Identification of the FX exposure
- Applying hedge accounting - hedging with a cross-currency swap
- Applying hedge accounting - hedging with foreign debt
Short case studies: Special FX situations
- Intercompany FX hedging hedge accounting challenges
- Dual hedging using a single derivative
Accounting for Interest Rate Derivatives
Workshop: Hedging a floating rate liability – Cash flow hedge
- Financial assets classification under IFRS 9. Comparison to IAS 39
- Financial liabilities classification and the fair value option
- Accounting for floating rate bonds – the effective interest rate
- Applying cash flow hedge for a fixed to floating interest rate swap
- Hedge accounting documentation and hedge effectiveness assessments
- Accounting entries
Workshop: Hedging a future issuance of a fixed rate liability
- Case background and hedging strategy
- Hedge accounting documentation and hedge effectiveness assessments
- Accounting entries
Workshop: Hedging a fixed rate liability
- Accounting for fixed rate bonds
- Applying fair value hedge for a floating to fixed interest rate swap
- Hedge accounting documentation and hedge effectiveness assessments
- Accounting entries
Case study: Hedging inflation risk
- IAS 39 vs. IFRS 9 guidelines on inflation risk hedging
- The challenge of hedging inflation-linked revenues
Case study: Macrohedging (under IAS 39)
- Explanation of the objectives
- Steps to its application and its weaknesses under IAS 39
- IFRS 9 macrohedging project
Other topics
- Hedging credit risk
- Hybrid instruments
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The sheer simplicity of instruction and usage of material was ultra brilliant and enabled me to comprehend the material.
(Financial Analyst, CTR - The World Bank Group)
The teacher was very knowledgeable and understands the complexities and issues with IFRS 9. He gave us very good examples of how to manage hedge accounting challenges.
(Treasury Director - Japan Tobacco International SA)
Travelled on my 33rd week of preganancy via land to attend this course at the neighbouring country and I can say that it was well worth it!
(Director - CIMB Bank Berhad)
This is a very informative, up-to-date and practical course on Hedge Accounting/IFRS9 for an intermediate audience. It is intensive - so be prepared to stay focused.
(Training Coordinator - Murex Southeast Asia Pte Ltd)
[The course was] professionally run and diligently delivered!
(Director - CIMB Bank Berhad)
Amazing training with an amazing professor. Pretty clear explanations in order to understand how hedge accounting works.
(Associate - KPMG Ireland)
An excellent course for anybody involved in accounting for hedging under IFRS9. I am a fan of Juan Ramirez and have used his books for years so to have him present the course was fantastic.
(Treasury Controller - G4S plc)
This is a highly recommended course for those who want to know hedge accounting. Juan [teacher] is awesome!
(Advisory Associate - KPMG Phoomchai Business Advisory)
This in-depth derivative course is not easily available in other parts of the world. It was worth coming all the way from South Africa to attend.
(Client Structurer - Rand Merchant Bank)
This is the second time that I have attended a hedge accounting course given by Juan Ramirez and I was not disappointed. Juan has a good understanding of differences between IAS 39 and IFRS 9 and I would definitely recommend him to people in South Africa. Thank you
(Derivative Structurer - Rand Merchant Bank)
Every person involved with hedging under new Standard should attend this course
(Accounting Policies Head - Banco Santander )
Great course for those used to and focused on Hedging matters. Juan Ramirez is a great teacher and knows the topic very well, which is reflected in the quality of the training material provided.
(ED - Solutions Global Corporate Banking - Banco Santander)
London Financial Studies is a wonderful training provider - the staff, the equipment, the environment and the course curriculum are on point.
( Senior Associate, Capital Markets - Zenith Bank PLC)
I came all the way from South Africa to attend the course on hedge accounting by Juan Ramirez. He has a very thorough knowledge of the subject and provides practical examples of how hedge accounting is implemented. This was very useful. I would definitely recommend the course.
(Derivative Structurer - Rand Merchant Bank)
Juan Ramirez delivered a comprehensive introduction to Hedge Accounting issues under IFRS9. His tutoring was very hands on with a good amount of examples from real cases.
(FX Structurer - Danske Bank)
The Accounting in Practice seminar gave me all the knowledge to face IFRS 9 implementation in my company.
(Treasury - Petroleos Mexicanos)
Another well delivered course from an industry expert. Keep it up.
(Head of Valuation Control - Asset Management)
Course Details
This course is also available in London Time Zone and New York Time Zone
- To run this course at your organisation, contact us.
Call now for more information on this course or to book:
Asia Pacific +65 3159 3707
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London Financial Studies is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.