Análisis exploratorio de la efectividad de coberturas de instrumentos derivados bajo las IFRS
This paper provides an exploration of major traded derivative instruments in Chile, the interest rate swaps, and most commonly used valuation methods, addressing financial risk management in the context of the International Financial Reporting Standards (IFRS). We analyze the requirements for adopti...
| Autor Principal: | Bravo Herrera, Fernando |
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| Otros Autores: | Márquez Sepúlveda, Ariel, Pinto Gutiérrez, Cristian |
| Formato: | Artículo |
| Idioma: | spa |
| Publicado: |
Pontificia Universidad Católica del Perú
2012
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| Materias: | |
| Acceso en línea: |
http://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/423/417 |
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| Sumario: |
This paper provides an exploration of major traded derivative instruments in Chile, the interest rate swaps, and most commonly used valuation methods, addressing financial risk management in the context of the International Financial Reporting Standards (IFRS). We analyze the requirements for adopting hedge accounting, particularly with regard to evidence of effectiveness, and discuss particular aspects of the Chilean case that companies must face the time to prove the validity of contracts and contract coverage. The study’s findings suggest that the local market still has problems of efficiency and availability of information to (i) properly manage financial risks and (ii) demonstrate the effectiveness of hedges under IFRS. |
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