Actg For Transfer

Question 1

What are the conditions for derecognize of financial assets transferred under IFRS?

Answer 1

1. The financial assets had been transferred outside of the consolidated group of the transferor
2. The transferor had transferred substantially all of the risk and reward of ownership of the
   financial assets

Question 2

Under IFRS, how to measure servicing rights retained in he transfer of financial assets?

Answer 2

Retained service right is considered as retained interest with value allocated as a portion of CV of the entire financial assets before transferring!