Label: |
Interest Rate Derivative Contracts - Bought Option Positions |
Concept Guidance: |
This is the value, as at the relevant date, of interest rate options the entity has purchased, as determined in accordance with relevant prudential standards.A bought option includes both put and call options that have been purchased by an entity. It provides the purchasing entity with the right but not the obligation to buy or sell a specific amount of the underlying asset at a pre-agreed price, on or before a specific future date.An interest rate contract is any contract that transfers the interest rate risk of an underlying asset from one party to another.
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Form-Specifc Guidance: |
Netting should not be applied when reporting amounts within the Statement of Derivative Activity.
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