NISM Series XIII Common Derivatives Certification Exam Notes
Page 193 Of 303
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Gross Reporting: Derivative assets and liabilities must be reported gross (no netting), except under cash flow hedge adjustments.
Foreign Exchange Translation: Net investment hedges protect investors from currency translation risk on foreign operations.
Equity Recognition: Effective gains/losses from net investment hedges are recognised directly in equity.
Profit/Loss on Disposal: Gains/losses are recognised in profit/loss upon disposal of the foreign operation.
Risk Management Disclosure: Entities must explain how they manage risks and why they use derivatives for hedging.
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