Measurement of Expected Credit Losses (ECL) 

It’s now one year and eight months since the mandatory implementation of International Financial Reporting Standard Nine (IFRS 9). IFRS 9 Financial Instruments standard is effective 1 January 2018. IFRS 9 replaced IAS 39 Financial Instruments: Recognition and Measurement.  It prescribes the rules for recognition, classification, measurement (impairment), derecognition of financial instruments and hedge accounting. …

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