TOTAL RETURN SWAP CHARACTERISTICS AND ACCOUNTING ASPECTS Cover Image

СЪЩНОСТ И СЧЕТОВОДНИ АСПЕКТИ НА СУАПА ЗА ОБЩА ДОХОДНОСТ
TOTAL RETURN SWAP CHARACTERISTICS AND ACCOUNTING ASPECTS

Author(s): Irina Pasheva
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: total return swap; accounting; credit derivatives; swap; credit risk

Summary/Abstract: The use of credit derivatives is an effective way to manage successfully the credit risk exposure. These instruments have emerged to transfer credit risk from one party to the contract to the other. The object of research of this paper is the total return swap. The subject of research are the characteristics and the accounting aspects of total return swap transactions. The main purpose of the article is to outline the main features of total return swap and to analyze the accounting problems arising from these transactions. The methods used are mostly methods of theoretical research and general combined methods. As a result of the research it is pointed out that the suitable underlying assets are both traded and not traded on an active market instruments. Based on the IFRS 9 Financial instruments re-quirements and on the accounting principles the underlying asset cannot be transferred with the initiation of the contract.

  • Issue Year: 2018
  • Issue No: 14
  • Page Range: 217-232
  • Page Count: 16
  • Language: Bulgarian