Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)



In this Exposure Draft, the International Accounting Standards Board (Board) modifies specific hedge accounting requirements so that entities would apply those hedge accounting requirements assuming as if the interest rate benchmark on which the hedged cash flows and cash flows of the hedging instrument are based  is not altered as a result of interest rate benchmark reform.

Invitation to comment

 ASB invites comments on the Exposure Draft from the public. 


How to comment

Comments should be submitted using one of the following methods, so as to be received not later than June 10, 2019.


  1.       Electronically:  

Click on 'Submit a comment letter' below (Preferred method)

  1.       Email:               

Comments can be sent to: 

  1.       Postal:               




Secretary, Accounting Standards Board,

The Institute of Chartered Accountants of India,

 ICAI Bhawan, Post Box No. 7100,

Indraprastha Marg,

New Delhi 110 002


Further clarifications on this Exposure Draft may be sought by e-mail to


Comment letter deadline

The Exposure Draft is open for comment until 10th June, 2019

Due process documents
Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)  [PDF]